Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Have just read TH’s response to todays webcast - I’ll be getting the popcorn out for tomorrow’s 1400 hrs follow up!
Morbox - Many thanks for the link - much appreciated. Having listened to the webinar today I thought that Management did a pretty good job. The slide on the nominee directors experience and place of domicile was effective. Correcting TH’s output re Directors success bonuses and cash paid to Edelman and Epstein also was useful. BT did let himself down I thought in saying that the board “was not obliged” to share its damages models - whilst this may be the case, because of BT’s earlier “multiples of the current share price” narrative it might have been sensible!! I did ask if BT regretted that “multiples” comment but my question was not answered.
Thanks Morbox - Do you know how one gets to join the webcast to be given by the nominee directors tomorrow - it would be good to listen to both sides of the argument.
TM58 - Not stooges - Just really angry investors that have been lied to by current (useless) management - they need to go!
TM58 - Suggest you reacquaint yourself with your posts of 11 and 12 January!
TM58 - In the video excerpts that Hamoodi posted the board do not deny that conversations (with LOAM and reps of RG) took place on the eve of settlement. To me as a private investor this stinks to high heaven. Edelman trousering £1 million and his mate Epstein trousering £5 million - this company has not been run in the best interests of private investors - why do people think that the board will change their ways now?
"The Group is closer to commercial production than at any time in its 20-year history.”
JAM TOMORROW ( AGAIN!!)
Bluerill - If TH can prove he has the number of shares he needs to requisition an EGM - Then the board is required to call one - a matter of Company Law rather than “at the board’s discretion”.
Agree Kooba - Even better practice would have been not to have had ANY shareholders on the call.
Is Henry Turcan still a Fund Manager at LOAM’s 1798 Volantis Fund ? I did a (very quick) Google search and came up with Martin Phipps, Gervais Williams, Adam McConkey and Rob Giles.
Link not firing - it’s on Orasur’s Twitter feed for those that have time to waste.
Lnkd.in/eRQD-C9w #OMI #mining
Apple has been forced to make "drastic cuts" to production forecasts for its Vision Pro mixed reality headset due to the complexity of its design and difficulties in production, reported the Financial Times on Monday.
apple vision pro eye tracking
Apple's $3,500 headset is set to go on sale early next year, but analysts have suggested the lengthy gap between its unveiling at WWDC in June and official launch could be more to do with supply chain problems than a way to give developers time to create apps for the device.
According to the paywalled report, Apple is said to have been unhappy with the productivity of manufacturing partners tasked with supplying the two micro-OLED displays for the wearer's eyes and the outward-facing curved lenticular lens. The micro-OLED displays were reportedly supplied by Sony and TSMC for the prototypes, but it is not known who is supplying them at scale.
As a result of production challenges, Apple is preparing to make fewer than 400,000 units in 2024, according to the report, citing sources close to Apple and Luxshare, the Chinese contract manufacturer that will initially assemble the device. Meanwhile, two China-based sole suppliers of certain components for the Vision Pro reportedly said Apple was only asking them for enough for 130,000 to 150,000 units in the first year.
"Both projections imply a significant cut to production from an earlier, internal sales target of 1mn units in the first 12 months," wrote the FT. "The forecasts for low volumes reflect Apple's lack of confidence in being able to scale production, according to analysts and industry experts, following years of missed deadlines in launching the device," the report added.
Meanwhile, Apple is said to have pushed back plans to launch a more affordable version of the headset that it hopes will appeal to the mass market. Apple is reportedly working with Korean display makers Samsung and LG on the second-generation headset, and has explored using mini-LED for the displays to drive the price lower. However, FT's sources claimed Apple was insisting on using micro-OLED even for the non-Pro headset, despite suppliers failing to match expectations.
Bloomberg's Mark Gurman previously reported that Apple plans to launch a more affordable version of its Vision Pro headset by the end of 2025, likely to be called "Apple Vision One," or more simply, "Apple Vision."
TM58 - “ I do think the board should be held to task. As we are now at our turning point I believe all salary rises, bonuses and share options should cease until the company is making a profit with its organic business. ”
This is not the first time this has been said and I couldn’t agree more - Will Management listen is the big question for me ?!
R@cist
intrusive - please stop the “tariq and his harem” narrative. it is unnecessary and has ****** overtones - what do you think you achieve with this type of language?
Bluerill - Does the FCA announce its investigations or do we only hear about them when enforcement action/criminal prosecution occurs?
Thanks Kooba for posting - Slide 8 is the relevant bit.
https://youtube.com/watch?v=RnAP1FgZtTA&feature=shareb
NGR - I think you are twisting what has been said - An effective board needs people with different skill sets, in this case (and whilst very important) expertise in QD’s is just one of them, other board members will need to be skilled in business administration, legal, accounting, operations etc.
The board says it “welcomes scrutiny” after all.