George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
It's either stupid r disingenuous of Haggis to say funding won't be required based on current burn rates but then a dozen times a day tell us how much production will be ramped (ironically) up thus telling us that burn rates will increase. I don't think he's stupid...
I can't actually see a link for submitting on the invitation, although I have had it confirmed that a recording will be available.
The unconfirmed orders sounds horribly like the confirmed leads or whatever the phrase was in the infamously positive statement in June 2020. The one where they were consulting about how best to present the orders
It's quite an important one and the first that appears to have delivered an actual order, bearing mind the ambiguity in the report regarding what orders we actually have. Obsessed is putting it a bit strong isn't it? Is it not of interest/concern that the UK's biggest and best known supplier to our main target market can't really make their business pay? TAMGO is not as transparent for obvious reasons.
I'm not talking three years, I'm talking 30:
https://www.google.com/finance/quote/SDY:LON?sa=X&ved=2ahUKEwjPlJ_h2pGFAxVsS0EAHR8qCPwQ3ecFegQIGxAf&window=MAX
Haggis. Have a look at the Speedy share price for the last 35 years. Bar the big spike in the mid noughties it has basically flatlined and is close to an all time low . They are capitalised at c. £111m - it's not even up for debate that they have failed to build a big and materially profitable business over an extended period of time. Clearly that's not all down to generators but it doesn't inspire confidence. That's not bashing, that's just reality; I very much hope that our product can transform the fortunes of them and us.
There's lots of potentially positive stuff in there but anyone not retaining a healthy degree of scepticism after the last few years is a fool. I'm particularly exercised by the headline of a £27m order book but then reading some of it is uncommitted (I think)
Can't attend the Q&A tomorrow but some questions I may submit. Highlight is a £27m order book but the CEO's report says:
'order book of £27m as at the date of this report highlighting both committed and uncommitted orders'
Can 'uncommitted orders' be part of an order book?
Orders for Acciona & ABB were previously scheduled for delivery in the latter part of last year. What was the delay caused by?
The initial Acciona deal was a six month lease with the potential to then purchase at a pre-agreed price. Still the case?
Costs have been reduced. Good, but how do they now compare to existing diesel technology and cost of competitors' offerings?
Is the deal with ABB for the purchase of ten systems at a discount included in the cited £27m order book?
The reported contracted hours for lease last year were flagged as commercial (memory only). Revenue generated was nominal (to quote CEO) at best. What changed?
The intention for the SH joint venture is to increase orders to £4.7m Is this part of the £27m order book?
What are the contrasting benefits of the air cooled and liquid cooled versions? Why do we need both?
A fund raise seems inevitable. Will all shareholders be given the opportunity to participate?
Not the liveliest - hardly surprising given the price history! We are hoping/expecting them to help to transform AFC by generating large amounts of business for the joint venture yet they have singularly failed to build a good business in their traditional environment.
SH made a brief appearance on the high risers board this morning which made me hope that their Expo last week had been well received. Or, more specifically, that our product had been well received!
They are a company that puzzled me a long time before we became involved. As far as their share price goes, bar a spike around 2006, it has gone absolutely nowhere for two and a half decades and it's market cap of £111m barely gets to tiddler status on the main market where it is listed.
It's a company that apparently has a strong presence in a major market sector with a raft of blue chip customers but it struggles to make any headway by any metric at all.
A few people who work in construction have commented on here recently - do they have any view on why the company has been such a dud for investors?
Things I'd like to know, maybe some of them have been published?
How many generators does the initial £2m order include?
Is this order just to have stock or is it out of the door and onto sites as soon as it is delivered?
If the latter of the above, who to?
How many of the numerous blue chip construction firms that trialled the kit are existing Speedy customers?
How many of those firms have shown a clear intention to hire the kit once it is available?