PYX Resources: Achieving volume and diversification milestones. Watch the video here.
WBA - absolutely not. I’m not a trader. Yes I expect it to tank to low 40’s but I also think the only catalyst for recovery from there is a favourable dispute outcome and that’s purely 50/50 so not something I’ll gamble on. My gamble is just leaving it in now and seeing what happens in June. And no I’m not selling now and buying back at 40p - I obviously don’t know this will happen but from experience can envisage it, however for the sake of a few hundred quid spread between the two, I’m really not interested in taking the risk. I’ve written off 80% of my investment and am just leaving the rest as it is until June.
The market is treating that presentation with the disdain it deserves. Well that's pretty much it for 2023 announcements so i suspect we'll now drift down the the low 40's again in Q4, and probably further as we move into 2024 and closer to the court case.
No mention of it WBA. It was just a soundbite at the time to shut shareholders up, they know that most will have forgotten it and vote based on recent events which is the acquisition and will therefore 'give them one more chance'. A bit like our beloved government, they've spent 13 years destroying the country but chuck in a 'tax cut' or 2 in March and the masses will flock to the polls to give them one more go.
Utterly predictable and depressing. Scandalous
How do we know they are capable of doing that? Ncyt have only ever been profitable due to covid and we have seen the absolute car crash in the financials since that ended, even with the huge pot of cash. So taking away the lotto win, ncyt have never been a profitable business, with or with debt or piles of cash.
Just read the whole thing - what an utter mess.
Saintsmith - convenient timing, eh. If the majority of shareholders were swayed by the acquisition to give these clowns another chance then more fool them.
Yes I will be around because, as I’ve said many times, it’s just a gamble now at 80%+ down to just see what happens with the dispute. I’ve written off the operational prospects as it’s clear there’s nothing there so I’m just all in for the dispute outcome.
in 2019 we turned over £11.5m, 74% more than 2023 if we use h1 as the run rate, and that doesn’t even factor in inflation. so all the learnings from covid, all the riches, contacts etc. has amounted to more than halving in real terms of annual revenues.
can’t see how it can be a good presentation, there’s clearly nothing to say. a few ****ty powerpoint slides and they’ll probably spend most of the time patting themselves on the back for buying a loss making company with debt.
what are we now, a couple of years into the ‘£100m organic revenues within 5 years’ period, and we’re at £6.6m. such statements need far more scrutiny, but we won’t get it.
Will be interesting to see. £82m on 30/6/23 for ncyt less c. £20m acquisition + debt repayment should put us around the £62m mark when it is all said and done, less the burn for Q3 which must be in the region of £2-3m, so we're likely hovering around the £60m mark, some £15m above marcap so the market clearly sees problems ahead (or it could just be the dispute being priced in, more than likely). Either way, it's very bleak given our revenue figures.