Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Absolutely! Nowhere near as bad as Arden though with their predictions.
I'm just going to switch off for a while and put this investment in the bottom drawer. HODL and save my sanity.
ATB to you too. Good things to come.
D-Geeman - he tweeted out that prediction just a few weeks ago (infact, I think it was something like 1.44p if I recall correctly). Possible that the tweet has been deleted if you can no longer see it.
What a **** show. Got to bow down to Myles McNulty's 1.4p predictions. He got that bang on!
No idea where the floor could be right now.
Again, there is no proof the app launch is delayed!
It still appears to be on track as per the original Q4 timelines.
I agree with a lot of that BA, but subscription revenue is expected to be the dominant driver of revenue growth in the early stages as the investor presentation claimed they were going after 3-4 million additional customers as part of their 2023-24 master plan. Advertising income will be a secondary income stream with better longer term potential as the user base grows. They need to focus on accelerating customer acquisition before the rest falls in line and that needs to kick off sooner rather than later to build awareness and momentum in a pre-release phase. There will also be significant consumer distraction in Q4 where the cost of advertising during peak season is likely to increase. There are plenty of things that can be done in the build up to get things moving along the right trajectory.
I see your point, but I don't see any reason to delay the basics so far into Q4.
I'd written off H1 after the January updates on business integration and consolidation of resources, but H2 is now very much here where Matchett and co need to start building market confidence in anticipation of a new launch. These things take time and it would be foolish to delay the campaigns until last minute with nothing more than a hope or a prayer that business will immediately pick up around the time of re-launch. I believe the wheels need to start turning in the next 4-6 weeks (latest) so Napster capitalise on the positive sentiment around lifted restrictions and summer vibes in general. Now's the time to build a buzz with the new branding they confirmed was done and dusted, snippets of app visuals, new target markets, forthcoming VR gigs, membership packages, sign-up incentives etc.
Now into the third month of the supposed kick-off of new marketing campaigns communicated in the AD. Has anyone seen anything significant outside of the investor presentation? The only things I've come across are the recycling of old Melody content and an extra 2k Facebook likes.
The ambiguous comment was in reference to Mel's follow up which didn't really cement anything. I agree there has been no crystal clear confirmation on the intended use of extra funds and the impact on timelines. Due to this, I just don't see why people are getting upset at the perception of a delayed launch. Until someone can categorically confirm the Primary Bid fundraise was specifically going to bring forward the launch date ahead of Q4, there's little point getting hung up over it, do you not think?
You're right, there's also no evidence to suggest its intended for marketing either. My point is that there is no need to get frustrated about a supposed new timeline that was never even confirmed.
Still ambiguous IMO.
"So we borrowed even more money in a shorter time scale so we could postpone the new app by a few months"
I haven't seen one piece of solid communication that confirmed the extra funding was being taken to speed up deployment of the new platform. At the time, a few PIs on this board speculated that would be the reason for the extra cash and it seems to have stuck in the minds of a few. Maybe there are people more in the know, but I always believed the extra money was needed to beef up a pretty low post-launch marketing budget. £10m won't stretch as far as people may think.
No change to the original timeline in my eyes. It was always mid to end Q4 2021.
At least there was an update on cost savings that came about from the restructure!
£16m trade and other receivables - would this be how the DC loan is recorded? I can't see this being anything else...
Further dilution expected. I estimated a low of ~1.65p by the end of the CLN process this month. I don't believe it will go down to 1.4p levels as per the MM tweet. Time will tell though....
Page 24 of the Admission Doc Themis.....
"Direct Marketing to Consumers
The Company will utilise a number of marketing techniques, across various channels such as digital, print, broadcast and out-of-home advertising. It is intended that these marketing initiatives will seek to generate further awareness, and ‘re-familiarize’ consumers with the Napster brand. In addition, Napster’s updated offering will be prominently displayed, with features and functionality marketed accordingly. These campaigns are expected to run from May 2021, in preparation of launching the updated product later in the year. The combined marketing and growth teams will work with industry leading agencies for both advertising and branding, to support the launch and maximise the enlarged business’ potential."
I wouldn't worry just yet Londondan. It was always going to be a quiet H1 for Napster Group. External environmental factors have both slowed momentum and levelled the playing field for the time being.
The point is, we shouldn't have to make vwap assumptions or estimate what's likely to happen from April to June. I don't think it's even safe to assume 2p conversions for each of the next 2 major tranches in May and June as the vwap has so far fallen each month since the process began, dropping to lows of 1.93p end April from lows of 2.1p end March.
That's why I want to see clear communication and real numbers with every conversion. It's an easy update for them to provide every 28 days or so. Based on recent observations in avg s/p decline, this could be played down to around 1.65p by the time the process is over if there's nothing to maintain buoyancy. Dilution at these levels would be much greater of course.
I don't disagree on the point around debt burden and cost of capital, but a bit of extra effort wouldn't go amiss to guide everyone through the process a bit better.
The dilution element of it!
Was expecting the RNS to be released by now. Wonder what's causing the delay. Thoughts?
Fear not friends! We're in the safe hands of a self-declared visionary! ;-)
To be fair vector, that's what most of us have been thinking at 5p, 4p and 3p.
#squeakybumtime
https://www.nme.com/news/music/first-ever-full-length-concert-nft-auctioned-off-for-1-2million-2920559
Value in both historic unseen events and new productions.
Mega money!