Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
To be fair Tony, (and I absolutely hate myself for agreeing with him), CB has a point re "predicted order".
Just had a look over the past few years, and there is definitely a pattern here re results (rubbish), investors meeting (propaganda)....next order (whoohooo!)........placing! ;)))
Maybe 2 and 3 swapped around sometimes. ;))
Don't get hung up on it CB - you know what you are :P
Thenks very much for this LTI.
....in the investors presentation they seem to have named every single tier 1 manufacturing partner in all past orders (L&T, Genus, HM Power). Also there was Tata way back....
....but not the last $11.6 one.
Anyone theories who that might be? Tata? Landis / Gyr? Someone else? Just curious.
Furthermore, remember when John was saying that smart meter deployments are done in following quantieis?
pilot (5k) --> 50k ---- 100-500k ----> x Millions?
Not sure about quantities but if you look at the order values - $780k --> $1.1m --> $3.2m --> $11.6m.....
There is certainly a pattern here......
Or I just need to get off those tablets ^.^
For a quick summary.
Would appreciate a bit more detail when anyone has some time today.
Thank's very much.
Of course I don't give a timeline - why would I, after waiting almost 7 years and accepted that it might be a write-off?
If it happens it will be a BONUS - don't need a timeline for that do I?
CB, your tenacity is absolutely astonishing, as are your outrageous claims. To the point that it stinks for a mile.
Even more interesting is that, whenever we have even a snippet of good news, the more ferocious you get.
I get you are here for blood - but whose exactly? ;)
And re requirements of £120m to just cover costs (plus dividend) and "staying in the game" - that doesn't even warrant a comment - just confirming what I've written above.
Personally, I will be happy when they have £20m revenue, which will mean that company will be values at circa £100m (5 times sales with only small dose of AIM optimism included). That will essentially give them share price approaching £1 - will make me happy and (in my own view of the world) much much richer ;)
So, you....just "stay in the game" with all the nonsense. On the brighter side - no credibility loss because you didn't have any to start with ;)
Only need another 200% to break even whoooohooooo!!!!
Onwards and upwards :P
Tony,
It really doesn't take a lot for you to put those glasses back on does it ;) Or have you ever taken them off? :P
Regardless, great day yesterday but.........
....if we are on the same level or higher week, 2 ,3 from now....I'm gonna put mine back on. Simply because it'll mean the market is revaluing the company and integrity of it's prospects. That essentially means, if / when funding arrives it will be at the higher price than some have anticipated. That's going with assumption it will be a placing with no strings attached of course.
I guess this must be about third inflection point in the last 3 years ;) - 3rd time's a charm or so they say ;)
Jesus christ CB, seriously in your eyes it takes 120m a year to be a "genuine" company?
Regardles off how long it took there? I could give you lots of examples of loss making businesses valued at billions, and they are still genuine companies ;)
....That they've only launched the product 2 months ago....and already have $16 million worth of orders in 8 weeks....
That essentially means that the product can't be that bad....and might actually work hmm? ;))
a nice surprise.
How peculiar ;)
CB no company exec (if he has an ounce of brain that is) - will EVER answer a question along lines of "what revenue has been received to date" - there is literally no bigger indication in terms of projected period earnings than this.
So what's your point? Unless you have at least one example that this actually have happened? Especially in circumstances of a loss-making business? :)
Stedders....
Oh...I see.....and now you're getting it on the BB? How is that working for you?
Some pound of flesh indeed ^.^
Nah, CB,
You aren't interested in anyone's view, not now not ever. Debating with you is like ******* in the wind. I'm not gonna get wet...again.
CC
SS saw the light? Really? - because I thought from the AGM shareholder comments he was sort of pushed towards the light.
2cv,
Remind me of one thing....one thing only in the last 12-24 months that Steddon / ITT / Colour have taken as a positive regarding Cyan? ;))
You can't really expect that from a person who (by his own words) still didn't get over his loss after selling at 3 times current price and doesn't hold a single share for long time now ;)))
....and writing essays on not much info.....just wait for Thursday? ;)
Too much time? ;)
Hi LTI,
Of course - that's correct.
CB, and by extenstion, LTI
Closed period being 7 months is not a FABRICATION, although LTI is not entirely correct in his explanation of closed period. Yes, the rules state that "closed period occurs if....etc etc" - but this normally applies to events when there is a point blank restriction in trading for all employees due to results, pending announcements etc. This probably never lasts 7 months. That's your definition of closed period.
However there are other variants of this when group of people (usually directors, but not only - also people OUTSIDE the company, e.g. brokers, auditors et) is restricted from buying selling a single share.
This is what's called insiders list, and that document is created, when a major deal, which materially affect share price of the company will / might happen. (e.g. merger, sale, joint venture, major licensing, going under etc). It differs to what is normally classed as "being inside" as a director.
The list is legally binding document which is sanctioned by the board, and can remain in effect for years (I know for a fact that my company was negotiating acquisition / doing due diligence for 14 months with this letter being in effect through that period).
I'm not saying that's what happening here - but despite there probably isn't a "general" closed period in the company (I've never heard of one lasting so long) - the directors easily might be restricted from buying shares for 7 months or longer due to being on insiders list.
So no one knows for sure. On the other hand they just might have had enough of wasting money buying shares in CC - everything's possible ;)) Considering the sentiments of us (shareholders - yeah I know you are not a shareholder CB :P ) - their sentiment might be even worse, as time goes and nothing went as planned ;)
Ok my coffee break exhausted...back to work ;)
Why are you quoting this ITT?
It's an evident mistake on the companies website isn't it? - they even attach the resolutions PDF (which we've seen) that has nothing to do with dividend.
So what's your point this time?