Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Staffline Ireland may benefit from the below news issues from the government
https://www.lse.co.uk/news/update-1-ireland-boosts-economy-with-grants-subsidies-and-staycation-vouchers-74vhcqbiv9rshvc.html
"is hopeful that the agreement will contribute positively in the future to the Company's growth. However, the Company does not anticipate that the agreement will have a material impact or contribution to the current growth prospects of the Group."
The 2nd RNS just says that the agreement will not add much growth to the company in short term however longer term the company will still benefit. This is completely normal and understandable. To land a contract with a well known brand is a big plus here
News next week could contain details about a JV
"Alien continues discussions with a range of parties regarding potential joint venture and funding opportunities on the existing portfolio of assets while continuing to review new projects that would fit with the Company's strategy going forward. No binding agreements have been reached to date. "
A review and input from a world-class Canadian geophysical consulting group has been completed on the Donovan 2 copper gold project, the Company is hoping to finalise the upcoming drill programme at Donovan 2 at the end of next week.
Guys read the prospectus it seems this Alessandro guy does not only have CALL options which he has now exercised it states in the prospectus that he also has PUT options. It could be him who is the seller of all these shares which will result in him exercising his PUT options
Guys you need to remember the warrants were exercised at an AVERAGE price of .48 therefore the share price will be taken up and down to fulfill this. Can see this back up to 0.2-0.3 in short term should we hear of good news. There is a seller who has been in here for many months now. You can buy loads at this price without any issues
"the consideration element of the transaction in SYME shares has been calculated at an average of 0.48 pence per share"
The advent of Covid has hampered Supply @ Me plans. It is equally true, however, that a service such as inventory monetization could be one of the solutions to be evaluated for all those companies that have accumulated large stocks of unsold products during the lockdown: “The coronavirus has led to a distortion of the concept of just in time, before, in fact, we worked to optimize the warehouse. After this emergency, the paradigm is destined to be reversed. The supply chain will accumulate stocks to manage peak demand and companies will have to structure themselves. In reality, a service such as inventory monetization does not arise only for companies in difficulty. The possible new wave of bad debts, in fact, could lead to a reduction in the ability to make credit and to the need to find alternative forms of financing ".
https://www.websim.it/articoli-websim/supply-me-il-business-e-pronto-a-decollare/67434a35d24941908057a65dd29319f8.wsml
An operation of approximately 91 million euros with which Alessandro Zamboni, CEO and founder, wanted to strengthen his stake in Supply @ Me Capital Plc [SYME.L]. He did so by exercising an option to acquire 100 thousand ordinary shares in The AvantGarde Group (TAG) from members of the union pact. TAG is the main shareholder of Supply @ Me, listed on the London Stock Exchange and active in the inventory monetization sector. It therefore offers companies with warehouses the possibility to monetize their stocks immediately.
Zamboni - by July 15 - will take the shares for an average figure of 0.48 pounds each, despite the stock trading at a price of 0.1: "After this move there is no longer any doubt about how strongly he believes in Supply @Me, "said Zamboni to Websim," among other things, this is not a simple paper-on-paper operation, because more than half of those 91 million are paid in cash. From my point of view, I get a strengthening of the leadership on the company, which will experience visible growth starting from the September accounts, on the other hand, the shareholders have had an increase in their shares. There has been a perfect alignment of interests. "
Supply @ ME was listed on the London stock exchange last March through a pre-existing spac, the Abal Group which then changed its name to become Supply @ Me Capital Plc. The latest accounts, updated to March 31, showed a turnover increased in the 12 months to 416 thousand pounds compared to 241 thousand in 2019. The gross profit was 26 thousand pounds. These numbers, however, do not yet reflect the new course: "The accounts we have presented represent our year zero", explains Zamboni, "from here we can start with our business and we will see its accounting effects starting from September 2020".
After the listing, the company said, business continued to grow. In fact, the inventory monetization service has already generated more than 1.43 billion euros in contracts with companies interested in using the platform. “At the moment we are traveling at a rate of 10-15 new companies created per week,” continues the CEO, “our business plan by 2024 was to reach 355 companies. To date, we are already at 101 companies, with 272 other requests to analyze and work on. And let's talk about the Italian market only, then starting from September we will also start in the UK and Spain market ".
Supply @ Me management is convinced that it is moving on the market with huge development opportunities: "In Italy, the invoice advance market is estimated at 80 billion euros and sees around 200 operators operate. The inventory monetization market, where we move, has a potential of 400 billion and for the moment there is only us. Understand that the current 1.43 billion is only a small part of a much larger market to be conquered ".