Member Info for revolutionary

Maybe I have missed something but that reduction in outstanding loans was considerably more than the sale of the farm. The money must have come from somewhere, and shows clear direction of reducing the foreign debt pile. Other nice thing about the sale is that the farmland assets of Zambeef appear saleable, and for substantially more than the current capitalisation. Is the company moving away from field to fork and concentrating on just the distribution and consumer end? Sell more farmland to clear remaining debt??

Still believe the politics of Zambia is holding this back.

Sat down and watched the presentation finally. Agree with others that they obviously knew this capital raise was happening today but were guiding against any need for more capital last week. I personally don't mind - better this than the faffing about they were doing a few years ago. Have learnt they will not be completely honest about the financing but that probably says more about finance people being short term rather than those forced to play the game to get a significant leap forward that may go beyond the normal time frame.

Other things I picked up on from the video was the look of boredom from Steve Myers as the 'business' directors were dominating the question answering. AS an engineer myself, I also was bored by the long explanations that were taking an age to get across very simple ideas. They also brought up stuff like Varian but then failed to give any details other than to then say why LIGHT was better than the decades old tech which is not Varian.

Another thing I hadn't heard before was the 'democratising of access to proton therapy'. Nice cushy feeling stuff but if that is what it takes to get big sales with medics with a calling then OK by me.

So no guidance on when things will happen next year (2months or 14mths away!) - nice range of uncertainty....

My view is wait this out. The price rise should stagnate then fall back to 30p imho. Happy if it continues to rise and happy otherwise if we get a huge explosion when 230mev news comes out. May add if it goes back to 30p but already loaded too many for my sanity.

Think I have been waiting the sign-off of the big financial package for the last 3/4 Octobers.... It seems that October is always the deadline, due to 'rainy' season and it always seems to rain on our parade. Hoping this time we have a sunny outlook but half expecting the usual delays and then 'just around the corners' that get you to the new year and a new exciting mechanism to think all will be well, and then October '21 comes around, rinse repeat.

Usually get a general statement about now as to how things are going and anything that is likely to impact the annual results??

Interesting that TP are boosting their consultancy practice. As a contractor just finishing with a major defence contractor, I am very aware of the IR35 rules which will almost certainly be enforced from April 2021. Many independent engineering freelancers will be looking for a new home and there will be lots of opportunities where holes have been left by those that refuse to go in-house.

My take on the Nanosys product line is that they have their old cheap 'dirty' stuff. They have somehow acquired some expensive 'clean' stuff. They are being successful marketing some 'commercial' stuff that meets the RoHS requirements that apparently only insist on Cd being below a certain level. Anyone got a mixing pot??

I was reflecting on Positivevibes comment about not many longterm holders left to celebrate 2p. I've checked back as far as this system allows and realised I am now well over the 5yr recommended investment time for shares, when I was induced in by the other regular recommendation of following director purchases (Harry put in a big sum at about 1p I think (17x consolidation since so he appears to have lost big time). I've managed to avoid the other normal recommendation of setting an auto-sell as that just seems to help those that work by spiking markets.

It seems that this is more about politics than economics. I hate politicians and only mildly pity economists with their continual making up of largely useless forecasts.

2p is still a long way off my breakeven so I can't claim insight either. Copper values going up would help my portfolio massively but always considered Kefi as gold. There are plenty of mothballed copper mines ready to reopen rather than start another in a virgin nation

My understanding of the carefully crafted words and previous updates is that they are carefully putting together all the components that have been manufactured against a fixed design with lots of quality checks as to variables. I am assuming the machine at Daresbury is not yet fully built or tested. The prior declarations as to speed/technical advance are probably out of the swiss R&d centre where they probably have more license to fiddle with things and try out ideas. My expectation is that the machine at Daresbury will be fully built following strict quality practice and documentation, then tested to get type approval - they only want to go through this in-depth palaver once and then prove they have manufactured subsequent machines to the same standard. Those subsequent machines, built to the proven manufacturing standard can then simply go from factory to installation location, plug & play with the certification covering them. Maybe every machine/module sold will be fully tested at Daresbury along lines get a complete machine working at Daresbury, swap in a component, regression test, ship modular component onto customer knowing it has been tested. My guess as to timing of announcements is that once they have Daresbury fully tested and documented, we should see the CE certification - my guess is that should be out before Brexit. Not expecting FDA for a while as early orders all European? Only once we have the certification do I expect modular install in Harley Street. Going from end of 2020 to some time 2021 for first patient 'due to Covid' gives them a huge buffer to avoid disappointing investors. Still think Brexit is setting deadline for CE marking which will be the next most significant announcement. If we start to see movement into Harley we may have all the required documentation and be really confident of the decision . Would like others to comment on what I have said as the above is still just guesswork.....

I was hoping for small profit but good growth. No point contributing to the government bottomless pit - far rather see them investing in the growth of company. Comfortable with those figures.

It appears that the only sells yesterday were the ones at 5.10 as I (and I presume others) made purchases that were priced to look like sells. Going further back, there were regular big sells >100000 but none yesterday. Has L&G now finished?

My average is now around 11 which is roughly where I came in. Agree it looked cheap at 15 and has grown since. There was a moment where I thought I had been caught out by a hidden threat - the chicken farm clauses that could have wiped us out but that came good in the end. The Zambian Government and how it behaves is now the main niggle.

Due in a couple of weeks.

I'm looking for continued steady growth to keep faith this will eventually have to come good.

Comfortable with low/lower profits or small loss as paying taxes right now is helping no-one - just a cavernous hole in Zambian finances. Everyone should be expecting a default on government debt and shenanigans with the coming election. Kwacha likely to get significantly worse imho.

Things that will help this share meet your growth needs:-
** Peaceful election with change to anticorruption politicians
** Global Copper price improvement
** Sale of further legacy farms to clear debt

This is basically held back by the high $ loans, clear those or make them less expensive through improvement in Kwacha rate, and get some money into the hands of ordinary Zambians. Africans love their beef.

3 million shares is just below 1%

Could that be an existing shareholder not wishing to show their cards and keeping to below the level needed to trigger an RNS?

Nice to see you back John! Did you get back in at the bargain basement prices?

I noticed when I first invested here that there was a significant time lag on the market reacting to good news. This is another example where you could have spent a couple of days looking at your belly button.

Good news on farm sale, now we should see the books look a lot healthier (or rather the statements). when they report, about a month later than usual....

just rechecked the dates - completion is supposed to be 15th March or before. If banks/lawyers in Zambia don't work on Sat/Sun, then this should be cash in the bank tomorrow??

Am I missing something? Isn't the cash for the farm sale due to come in within a week. If my calculations are right, that would be more than half the current market capitalisation and yet only represents a tiny fraction of the assets and non-core to the current strategy.

I would hope the regulatory approvals are done before the end of 2020 when it may be more interesting applying CE marking using UK test house. Obviously could flip to somewhere else but that would be disruptive, is Switzerland included within CE marking validation rules?