Member Info for Numptypi

Jazz, good post but for the sake of clarity the 64k mentioned is only the additional requirement for the Middle East (over 20 years.)
206k n America
146k Europe
261k Asia Pacific
Plus Latin America, Africa and Russia
790k additional pilots required worldwide according to Boeing
https://www.pilotcareernews.com/more-pilots-needed-boeing-forecasts-record-demand/

Numpty

My LTH personal Expectations...
Met results are going to be good, mostly completed by now, and therefore well understood by bod.
Sp will leap forward instantly following the release of the rns.
Once again Someone will stamp very firmly on the rise before it really finds its feet.
We will be left with an even better understanding of the asset and even greater confusion surrounding the sp.

In the run up to the scoping study, we all imagined that the value of the company would rise in relation to the confidence in the asset but this simply didn’t happen, in fact quite the reverse. We all imagined the same scenario when the economics of the project were released, when progress on mining permits was released, and also when we moved from inferred to indicated.
The question for me is why.
If we can identify whose interest is best served by the share price movements that we have witnessed, we might have a better understanding of our current situation.
Whilst I personally have a high and ever growing confidence in both the asset and it’s likelihood of becoming a mine, there are still unanswered questions that nag away. I have yet to convince myself that the share price will ultimately be irrelevant to shareholders.
Thoughts welcome.

Apologies,Forgot about the Link.
https://www.theguardian.com/business/2019/nov/15/qantas-london-sydney-flight-touches-down-after-19-hours

Qantas (sorry, I should have said a significant Australian airline)are clearly keen, after 19hrs 19 mins project sunrise touched down safely to be met by their prime minister. Staff and regulatory approval required prior to 2023 introduction of the service.

Stage two of three, regulatory approval of longer flights is dependent on monitoring pilot fatigue.
Our https://www.traveller.com.au/qantas-project-sunrise-nonstop-london-to-sydney-test-flight-ready-for-take-off-h1jmfb

Numpty

The missing third leg of our stool isn’t a problem after all,
https://www.dailymail.co.uk/health/article-2871334/Would-sit-chair-live-longer-Two-legged-design-forces-people-reducing-risk-cancer-heart-disease.html
Ok the wine was opened early today ...

Lily, welcome - it was great to see you at CMD I’m glad you decided to post, we promise to play nicely, well most of us...

Numpty

Seeingtom, yes I emailed asking for a shareholder meeting In London and yes came back the reply, and not only that, they sent everybody!
On a more serious note the bod would have been quite rightly making use of being in Europe to have as many face to face meetings as possible, which is very understandable, ( needing to fly Lufthansa hopefully). I also understand there are various meetings on the route back for some. Comms with us at the moment is probably not top priority.

Numpty

td5er, in a nutshell yes it’s been discussed here before, but since things can move on quite quickly you might be better sending your question to Pat Nolan, he doesn’t bite- well not often!

Without repeating too much from previous posts, my thoughts from cmd...

Tim Edwards, see founder and roboticist- we’ve never been in better shape as a company and poised ready for scale, I’m in a very comfortable place as a fellow investor.

Prof Mike Lenne, - having a reliable method of measuring risk in real time is of real interest to insurance companies in other regions.
-Our recent cost reduction is a real game changer.
-The regulatory environment that we are in is currently ripe.

Having a guest speaker IMHO was an inspired idea, his insight was particularly interesting and just a shame it was time limited.
Colin Barndon- There’s been a screeching u turn from the OEMs following the Elaine H. crash with a resulting huge increase in level 2 interest, and very little movement in levels 4/5.
- when considering ncap there are huge clues about the future for see.
- with ncap we are likely to see major safety increases every 2 years- it’s all about safety.
- those companies with the largest dataset win, think about google, Facebook, Apple etc

Nick Difiore- What keeps me up at night is now getting much less.
-ncap test protocols have been delayed from June but oems are getting proactive and moving ahead to exceed requirement potential with 6/7 year timelines.
- ncap protocols are likely in part this calendar year.

I was encouraged by the obvious enthusiasm bordering on excitement for aviation.
Pat Nolan - even with a helmet, tinted and curved visor and oxygen mask the tracking was still rock solid.
- with sims it’s not just about tracking, it’s about see tracking.
- Great synergies between simulators and on- board aircraft.
- low volume but extraordinarily high recurring revenue in aviation.
-OEMs are now serious, including the likes of business jets.

My personal favourite quotes of the day...
-The pendulum has fully swung away from R&d and towards delivery.
- And finally, a forensic summary of the day’s events from the lips of our very own Sebs, “what a great buffet “... classic!

Numpty

Darren, 09-45 -13.30 Armourers Hall, 81 Coleman st London EC2 5 BJ

haveagoodday, I understand that you are unimpressed with see, we all look at the sp and feel the same at times.
You have already said that you would not be going, so what exactly is the point of your post other than to be quite offensive.

Robbie, At some point (in the near future ) I have absolutely no doubt whatsoever that the globally recognised stellar success of a little known tech startup -called see, will tempt someone to say “clearly not such a numpty private investor after all”, and I will happily adopt a new name.
Until then however ... for about 5 years my significant investment has been eroded by inflation, subjected to significant dilution, put at significant risk from a variety of factors from a company yet to break even and frankly would have been worth more if I had put it Under the mattress (and lets face it,I’m not alone). Our direction is clear and the future is bright, but until we have achieved...

Numpty

The bus from Bath is booked and I’m heading east in readiness tues afternoon.

We whinge about communication often enough, sometimes the lack of it, sometimes it’s downbeat nature and always about how others make so much more of similar opportunities. Well on Wednesday- at our request may I add, our bod will be ready willing and able to engage with us to answer our questions. They have flown from Canberra and Wild horses wouldn’t keep me away. So whilst I readily admit that most are far better qualified to attend, I will be there.
An empty room on Wednesday will speak louder than any amount of whinging on an anonymous bulletin board.

Numpty

DJ, well said, the only difference between our thoughts is that I wasn’t looking at the exits.
There’s never been any complaints from me about raising the funds, but lots of very serious concerns about some very questionable shenanigans that went with it. These concerns have been voiced most eloquently on this board, so for now let’s enjoy the great news and very upbeat podcast.

In fairness to LR he seems to be very much back in his stride which is great to see, and I similarly have no doubt he is in continuous dialogue regarding upcoming results, his excitement is obvious.
Enjoy your weekend everyone
Numpty

Apologies for clearly being thick, could Someone please help me out with the 51% Lundin option, how exactly would this work.

BricksSA, I sincerely hope that you are correct, and I believe that you are, however there are nagging doubts still churning around my (simple) mind...
Some large investors have been very successful in selling high and buying low -in large quantities, if you add in the obvious opportunity with warrants then why could our current situation simply not be repeated. The BOD continues to draw salaries, the asset becomes more accurately proven (with yet more drilling )thus increasing value of options, the only losers will once again be our dilution.
This is not de-ramping, more about analysis of my Continuing investment on a wet weekend! Sensible thoughts appreciated...

It’s quite a large change, you may be correct with sloppy reporting, or alternatively has someone else now breached the 10% level and their holding has now to be counted.
The comment of in so far as seeing machines is aware may well be significant, (Beyond my pay grade to comment further).

That’s me confirmed as well!

BrickSSa, You make a very fair point, there has been a number of occasions that have a whiff of underhand tactics, however I doubt that anybody wants to listen to us.
since we are now effectively locked in, and others are effectively on a free ride, we only have 3 choices namely sell, join them by buying more, or hold, which is my situation having no spare cash.
Raising cash for drilling has never been the issue, it’s the way it was done.
However nothing has changed in the ground and we’re still sitting on a fantastic opportunity with a raft of results to look forward to.