Member Info for Nickthesaint11

Management can avoid a raise if they use project finance (against machines) to scale. Whether they are able to do this is open.

However a rise need not be seen as negative given i) the huge upsides for the verticals Metir is in and targeting, each one $1bn in SAM, ii) if any raise is part of monetising these opportunities ie value accretive.

CEO Bob Moore has also expressed determination to avoid any further raise where possible. We also need to consider that Metir is in touching distance of FCF inflection if they can sell more machines etc

Alex Newman's price target in IC is based on nothing. If you look at Fair Value of future cashflows today - not taking into account any new Contract wins, then it's about the 89p mark. This is validated on a relative valuation with peers too:

https://wizardswinners.substack.com/p/hardide-what-a-ride

This is the old version.

The newer, higher upside valuation is here:

https://open.substack.com/pub/wizardswinners/p/metir-meteor-meteoric-metir-plc-flash?utm_source=share&utm_medium=android&r=yqi60

Https://open.substack.com/pub/wizardswinners/p/metir-meteor-meteoric-metir-plc-flash?utm_source=share&utm_medium=android&r=yqi60

Interesting SOTP valuation

https://wizardswinners.substack.com/p/fulcrum-metals-the-clean-tech-tailings

This analysis from a couple of days back does look spot on. The article specifically refers to the broker projections being seriously undercooked and the Energy division being resurgent:

https://wizardswinners.substack.com/p/hardide-what-a-ride

Also a medium term price target of 60-70p, which HDD seems well on the way to meeting and a 89p FV, that was before today's RNS though. So Hardide still looks very cheap here, you would probably expect a premium rating given its growth profile. The £1 valuation being mooted on the board does not seem far fetched imo.

Very encouraging RNS in any case, and we'll probably get another Contract from aerospace before long too.

Excellent analysis of the business here:

https://wizardswinners.substack.com/p/james-cropper-the-aerospace-and-defence

Things are looking good folks!

As if to address the tattle around Tungsten gas shortages on the board, today's RNS is helpful in clarifying this by addressing it directly:

'No restrictions in supply for the use of tungsten gas by Hardide at the higher volumes now being sought have been experienced to date.'

Hopefully this is enough to put this area of concern to bed.

Lol I think the NPV means Net Present Value, not price. Ofc the price can go anywhere. But it's modelled on the underlying cashflows of the business based on its existing growth trajectory

This makes it look even more mispriced than we know it to be:

https://wizardswinners.substack.com/p/mkango-mkango-its-time-to-tango

Things looking quite bullish for Hardide by the looks of things

https://open.substack.com/pub/wizardswinners/p/hardide-what-a-ride?utm_source=share&utm_medium=android&r=yqi60

AltynGold, crazily oversold

https://wizardswinners.substack.com/p/altyngold-youve-been-crazily-oversold

Analysis coming up....

So another self-inflicted storm in the champagne glass then Charlie.

It would be easier imo if you simply read the broker reports / rns's first and kept a sock in it rather than flapping your gums all over the place, spewing out on LSE, then miraculously finding the answer that was there all along and which other posters pointed out to you.

The BOD have no obligation to act as your therapist or put your mind at rest. They have been perfectly transparent with all aspects of the business and have no requirement, as repeatedly explained to you, to address problems that do not exist.

TDDW has explained to you time and again with evidence that the tungsten gas is not an availability issue but a cost issue, which is what the BOD have been saying too. You alone, of everyone in the world it seems, think that tungsten gas will run out completely. You even quote AI which shows that Tungsten Gas is a cost issue. Yet still you provide no evidence for the view that tungsten gas will run out! Nor, despite saying you don't know etc, you can't admit you don't know or that you're wrong, saying you're right.

So excuse me if I think this is not a debate but what I can only perceive as attention seeking and blowing up problems that don't exist.

Ofc, if you are this exercised about it, GO TO THE AGM AND ASK THE BOD YOURSELF. And don't lazily throw about insinuations that they are covering something up/incompetent etc., when imo that describes you. GO TO THE AGM AND UNTIL THEN PUT A SOCK IN IT, thank you.

Debate concluded.

Songwe Hill also has thorium, which might be worth something if it replaces uranium in nuclear energy production

Champagne Charlie. Now you're simply being disingenuous.

You've being going on and on about this. In a previous post below, replying to me, you said you had no need to admit you were wrong about the 'tungsten shortage scare' as a short term issue.

Let me remind me what you wrote:

Trump's visit this week has not visibly resulted in China relaxing its export restrictions, and tungsten demand is increasing rapidly, while much new western production is 2-3 years from coming onstream. I'm concerned that this could amount to an existential threat to world tungsten supplies which (at worst) could threaten Hardide's expansion capability altogether IN THE SHORT TERM.'

But when THE EVIDENCE is presented to you showing that to be little more than wild speculation and scaremongering, you dismiss it.

But on and on you prattle. Doing your best to stir things up

Look, on courtesy, you're the one who calls himself a Charlie.

TDDW has again addressed your baseless allegations below.

That's 5 or 6 of the group addressing your endless whataboutery.

Yet still you won't put a sock in it.

No one is trying to silence anyone on the board. But where there is clearly a village idiot spouting nonsense and who is allergic to any feedback given, don't be surprised when frustration starts to build.

So please, put a sock in it and be a Charlie on some other board.

Thank you

Unfortunately the board seems to have attracted its fearmongers who prattle on and on about imaginary tungsten shortages, even when the board clearly states there are none.

'Thick as mince' in their case needs to be replaced with 'Dense as tungsten' perhaps.

Still, hasn't impacted the sp. Super gain today, enjoy all with the sun and champagne

That's the point JJ.

A number of investors come on to boards like these and when they see short report style hit jobs we shouldn't be surprised if the sp tanks - which imo it did due to Champagne Charlie's fearmongering.

I've nothing against open debate. But when a nutjob makes it put management is either covering things up or asleep at the wheel- take your pick - and evidence is presented again and again and he ignores it, thats just attention seeking imo.

Bottom line is the company has smashed it out the park today and we should be celebrating - but with champagne, and not a Charlie.

Https://open.substack.com/pub/wizardswinners/p/this-microcap-makes-magic-out-of?utm_source=share&utm_medium=android&r=yqi60

You're like a stuck record ChampagneCharlie.

First you bloviate at length about short term tungsten gas supply, which is dealt with emphatically in previous RNS's, and instead of accepting the evidence, you're now complaining about medium term supply, all the while sowing seeds of doubt on the board based on your baseless rumour mongering.

Let's do this:

1. Admit you were incorrect about your short term shortage rumours

2. Accept you may be wrong about your medium term shortage rumour mongering, given that management addressed that in the interim statement

and lastly

3. If you have such a bee in your bonnet about this, as it seems you have, don't be lazy or externalize your anxiety on this board, go to the AGM and ask management about it yourself, instead of spewing all sorts of rumours, whataboutery and sandwich board prognostications.

Otherwise, kindly put a sock in it and stop creating drama around the company, it is delivering very well and could do without a shareholder who seems to like to endlessly shooting the share price in the foot.

Thank you