Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Data capture looks well ahead of expectations, the fundamentals of the IPO look to be on track.
News of a raise would be a good signal of expansion, was hoping Q1 as it would put them ahead of merchant roll out. But Q2 is well on plan, and a significant raise in market cap.
It looks like they have cica 223k downloads across the two main mobile platforms, so an active base of 30% is all that’s required if they do nothing else.
The proof is users/downloads/daily logins, if the front end interface is good, then key metrics will be over 30% of data capture/active user.
The 0% transaction fees are popular, No92 in the iPhone App Store under finance.
Will be interesting to know the user numbers post Dec, the 55K data capture (users) looks overly conservative, based on downloads and App ranking.
Got a chunk in MODE and some big players now taking a single transaction fee for the banking services, rather than loads of card fees, worth a lot to the retailers bottom line.
Data capture and marketing from these partnerships should explode MODE.
Bought in to vela @6 off the back of MODE before AZD
It's a big project, with lots of moving parts.
Planning is nearly finalised, which should lead on to the contractor announcement.
I wouldn't be surprised if the delay turns out to be in the feedstock (rather the final configuration of the building), and not with PHE.
But in a maximum of 25 months (End 23) this is due to be fully operational, although subsidies and the Hydrogen price may speed things up. The housing building is going to take 6 months to build, and with the modular design the PHE instalation is circa 3 months with a 3 month test cycle, so the unit in theory can be completed in 12 months, which make me think feedstock is the current stumbling block.
The other players are a bit further down the line, EQT will grow turnover from 2.25 to 15 this year and the Toyota link is massive, although on the downside the wood chip energy recovery system is under scrutiny.
PHE is great tech, and at £13 per kg of hydrogen against £8 per kg cost of recovery, the margins are there. But until financial close, planning, lead contractor, new board members, falls in to place, it’s still just speculation. One of those bits of news would justify a re rate, but announcing an extension to the SPV by months, doesn’t excite me.
https://twitter.com/stocktrader1_0/status/1446878609810014212?s=21
Marketing has stepped up a gear, which is no surprise. Looking like 2nd half turnover could be as high as 15 times first half. They have benefited from regulatory positioning, and are ready to capitalise.
PEEL NRE also have an exclusivity option for the UK, as part of the Collaboration agreement.
I believe the CEO hire is just about complete (From a status change on LinkedIn, which was reversed 20 minutes later), but we will see.
The targeted Hydrogen price of £8 per kg is in line with today’s pricing, with the other positive byproducts, the tech benchmark has made it a lot easier to value on paper.
And if they receive the same subsidies as DraX (classed as carbon neutral, it’s not) the profits are frightening, just from the UK. Although the real money would be with whoever was licensing the unit.