Member Info for NGR1616

It said they have the ability to execute the commitment in Q1.

We are still in Q1. Executing doesn’t mean completing either for the avoidance of doubt unless you want to read it differently which you are entirely entitled to do.

I’m not actually saying you’re wrong in your interpretation, only that there is room for it being interpreted differently. Sadly many companies including Nanoco seem to be incapable of unambiguous communication. This is probably because some things are out of their control.

Intend……

Sorry Kooba but that does not say it will be completed in Q1 2024 no matter how much you may try and convince yourself.

There will be ‘confirmation in Q1 on how they will execute the return of capital’ is another way to interpret that statement.

Well maybe we can all just calm down a bit. The insatiable desire for an early announcement is clearly at odds with the companies intentions, which haven't wavered and all because of the word 'shortly'.....

When did they guide they’d do that in January ?

We have rampant impatience breaking out here once more. Take a moment to look at guidance without your initial interpretation only being the outcome would be a good starting point.

They said they intend to return the funds in early 2024. If they fail to do so in Q1 there is a likelihood here that a kangaroo court will start to form and I would advise caution if that is the case as all that will happen is your investment will be further undermined.

As for the XD price being calculated on todays price, I think that is an unreliable metric. Put simply, what II is going to make investment decisions just now when the mechanism hasn't as yet been announced?

Intention is not fact.

STM are not advertising the fact their sensor is in the AVP. Why? For the same reasons Nanoco aren’t.

It’s clearly difficult for the board to communicate in general and have what they communicate accepted when trust has been evidently eroded. I'm sure they send out a release of information with good intentions but they can't cover all the bases for understandable reasons because they don't have the benefit of hindsight. Everything they say is dissected on here by people (no disrespect) who are often grasping at straws - myself included.

So regarding my “building inventory idea” and your response to that, I could just as easily alter your view to align with my own….

you quoted “As previously announced, the Board's expectations were for a first commercial production order prior to the end of 2023 and that the first use of the Group's materials would be for low volume applications during FY24 and FY25.”

'application'

-that definition of 'application' could be interpreted as the materials are being applied into a sensor and the volumes required will be low rather than the application of the sensor itself being produced in low volumes if you get my drift. So I can just as easily believe they do not know where the sensor will end up at this time, or I could just as easily believe your view that they know exactly where it’s going. We could keep this circular Rumsfeld known unknow argument going forever based on nuances and context and still be 100% wrong in our interpretations.

In reality we are just going to have to wait on confirmation; however that arrives.

It’s possible the delays were related to STM still finishing the specific CMOS factory acceptance testing on VD55G1 before placing an order from Nanoco at YE to subsequently enable mass production in March rather than the end product itself being the reason for a delay. Perhaps STM are building a stock inventory to more effectively market to sensors to their 200k customer base and there is not yet one confirmed device using them yet that’s in general release….or perhaps only in beta versions of a device or array.

I’m more and more convinced looking at the timeline that Apple would not be integrating a sensor arriving so late to market unless they had significant confidence it could be delivered on scale and proven. The materials themselves only achieved validation late 23.

If you consider when decisions in Apple were made to finalise the design and components in AVP……no way would they wait on STM to develop a novel SWIR sensor. Too risky. SWIR sensors are not the cornerstone of the AVP.

Ill be very surprised if it’s in AVP.

Which STM sensor do we think would be in the AVP? The best fit doesn’t launch until March if the info on STM website is correct and AVP has already shipped.

Buy back is the most likely option in my opinion - less for you fkrs to moan about but moan you will ! 😆

💯

How much H2 is produced daily per plant?

They must have known the production issues that would constrain sales volume when setting the price. Ergo it’s priced at a point they think they can get to sell the units they can manufacture. Any additional demand will be satisfied later and is a marketing strategy in of itself.

Maxi why would it be over 37p if there was a different management team? Are you saying if they’d said what the settlement would be before they knew then it would effect the share price based on the financial situation and guidance currently which appears to match reality ie small order and possibly marginally profitable in 2025 …..does that justify a mcap of over £120m? I don’t think so.

Better have some wreck the hoose juice 🏴󠁧󠁢󠁳󠁣󠁴󠁿 then

Maybe you should start on the sherry?