Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Just picking up on the 32000 per month production as LTI mentioned.
That's 384000 per year in India alone - without anything else. Not sure on a per meter revenue etc, but this does seem they are getting proper revenue streams now, not a a one-off pilot-type ones.
Even at £3 per meter that's a £1 million per year plus whatever recurring they will get after the meter is installed, head end software licensing, support, yada yada.
Finally.
SP is already 13% up in pre-market (watching IG).
Of course he will ;)))
Bottom line, I was prepared for......much less. Said that anywhere below £5m would be bad after the hype - they got £4.7m, and got that without any money from the license, which is more than I expected, and what I hoped for.
If you add license revenue (circa £3.11m) it would be £7.81m - this HAS to be seen as a really good progress, and depending on the view almost in line with anyone's expectations - or above.
I think they finally did it - they are on the way to become profitable and sustainable business. If 2019 will indeed be "significantly higher" (to me = at least +50% on 2018), then they have really hit home.
It's been a long time coming. Great work everyone.
CB / Sted / ITT - over to you guys ;)
£4.7 milion without any revenue from the Chinese deal. That's positive.
Indeed they have picked up the pace - had £2.1m at end of September - another £2.6m in the next 90 days it seems.
Was really concerned that this sort of number would include "one-off" from Chinese deal which would have meant they achieved....nothing else.
Really seems like meaningful progress. Let's see the reaction....and the obvious nit-picking too ;)
What 2cv said - it's not worth it for "M&Ms" - and trading desks can't even touch it as was explained many times.
And somebody..........ALWAYS knows something. So if you knew why wouldn't you buy few hundred thousand hmm? They are only £8k per 100k.
Tony just a small point there....that "pipeline" of £77m ($100 million) - has been there for last....what...3 years?
Achieving £4m (if that's all they do) in the THIRD YEAR out of £77m while at the same time raising...what...£30m+ is absolutely pathetic.
Oh and one more thing - whatever part of the Chinese deal will be recognized in this year, I think it shouldn't be counted as part of THE "pipeline", as this was a last minute thing, so in reality if (and that's a BIG IF) the revenue is £4m+ WITH the chinese part of the deal....they achieved even less.
To be fair anything less than £5m is bad and will be discounted considering all high notes coming from the company in the last 6 to 12 months. They said this last placing should make them cash flow positive - if that's not a last straw than what is?
On another note, I have my suspicion around the Chinese deal, which were all but confirmed by the response from the company I got after my inquiry into the structure of the deal, but I still will give them benefit of the doubt, one last time. Watch this space.
If that trading update will be not up to my own satisfaction as to not discount them 100% (naivety et al), screw this lot and hope they burn in hell.
But tony...the way you keep spinning them.....sorry mate - but from £1billion+ valuation, to £4m on £77 million pipeline being GOOD, seriously are you CBs twin brother from the other side of the spectrum?
People keep complaining about LTI being a "messiah" for the company, when he posts nothing but factual information, yet the whole BB is divided between doomsayers and unicorn lovers - both spewing equal bull$hit.
Well, I guess the universe needs a bit of balance right?
Ok, bitch fit over.
...the f****g trading update???!!!!!
-- went live....that video is an "formal" announcement apparently.
Interesting - that's the ARM guy.
Why this wasn't RNSed?
The revenue numbers must be so huge it takes time to add everything up.
Patience ^.^
Of course it will ITT - just to keep you (and the lot) happy in a New Year ;)
Not sure if serious... ^.^
Are you actually reading into those trade "codes" Tony? ;)
Tony....can I have some please? :)
You know...the same thing that you share with CB despite being on the opposite sides of the fence ;)
It's not perseverance Bambas, it's stuborness / stupidity - I just refused to give up when TNEB was "lodged"........they started to "average down"....and again......
And here we are.
"Luckily" - I only need just about 200% to break even from here so hardly an unobtainable target. All a matter of perspective of course....but I do think this will come good - the question is "good for whom"....as it continues on present trajectory (rising finance etc).....the list of people that can actually benefit from investment shrinks down.
Or rather should I say...the list stays the same - just the people who contributed over the years get shafted more as time goes by.
If it's a casino, I'm hoping that after 8 years of betting on the same number..........that number will finally come up.
There's not that many numbers right? ;)
Sted,
Maybe they released it as soon as they got the confirmation, as it was too substantial to keep under wraps? Credence to this is also given by the time RNS was released, 9.07am which seemed "random" - i.e....as soon as they got it?
Good point though - I don't remember a single scenario when good news of this magnitude (or any magnitude) were released on Friday, but it's likely due to the above all things considering.
No idea - maybe 1967 re-invested to recoup his losses? ;)
You know that's not how this works, right - especially on the grain of sand companies that CC is? ;))
There is no one to "shake" the tree as really there no one seriously giving any attention to a tiddler like this ;)
Tony - since when 2.7% buy in any company, under any circumstances should DOUBLE the SP?