Member Info for Richard08

Initial thoughts from scanning the financials:

Near doubling of revenue from the increase in orders when comparing 2020 to 2019. When you think this is with a trans-atlantic merger taking place midway through a global pandemic all presumably taking place over 'zoom' I think this is incredible!
Large increase in cost of sales as often happens when trying to sell a new product and employing staff to do this.
Generally a positive outlook from management.
Increase in size of orders as time goes on.
Determination to reduce costs of VFB production, acknowledging this is an issue.
Seems rosy enough, obviously a long way to go though. The next two years developing the new battery with Siemens will be a game changer.
Good last line from Larry, saying thanks to share holders and 'We will uphold your trust'
Well you had us going waiting for these results didn't you Larry boy??

Says it all - thank goodness for that!

In their RNS from 21st May it says they have to publish in June. If you're right though superzero8 it'll help my blood pressure!

And we got an honourable mention on the nightly LSE email Top Performing Sector section. Seems like medical tech had a good day overall.

We're getting a nice steady flow of good news at the moment. Long may it continue!

And now they only have three working days before June is over. It's worse than one of those naff films where the good guy is in danger of dying and you really don't care but you've paid for the ticket so you're going to wait and see what happens! Hopefully the finale will be worth the wait for IES.

Always good to see those on the board buying up stock. Another small step on the right direction for TRX.

Building work finished in March. The first products won't be ready until Q3 2021 though as it takes a long time for the Osteoinductive testing. I'm getting this from p10 of this years annual report.

We are due some news though! I'd like to think. Hopefully sales have started to increase now elective surgery has resumed in the US and in the UK.

Nothing like taking it down to the wire is there? End of year financials have to published in June and there's only eight working days left, including today! Presumably it's just a covid related backlog? Certainly we have no reason to worry, Larry & Co seem a trustworthy bunch. Even so, wish they'd get a move on!

Thank you both, I'll have a look.

Afternoon all, just researching Phoenix and liking what I see so far. Can I ask more knowledgeable investors: is there an expected date for the feasilbility study to be published? I see the article by Hardman & Co mentioned June. Is it expected soon then? TIA

Nice little spot Hintza. As you say good news for Invinity. Any and all further adoption of VRFBs moves the technology more into the mainstream.

https://capital.com/smith-nephew-shares-climb-4-after-credit-suisse-upgrade

This article is about Smith & Nephew but most of the sentiment and market info mentioned also applies to TRX. Most useful was the comment that surgery in the US is backup to pre-covid levels which should help sales for TRX going forwards.

Thanks for all that SnipVW. Always interesting to read someone else's views. The company does seem poised but as you say, nothing is certain in mining! Given the macro trends driving the need for the minerals this company is aiming to produce it seems as safe a bet as any prospective miner and with a good mine life/large resource to work on.

Afternoon all, seems like a very positive set up here, lots of finds at various stages, PFS looks ok and price has come down a lot suggesting now is a good time to buy. Only flies in the ointment see, to be lack of funding and a rather vague timeline of where it goes from here. Correct me if I'm wrong please. Anyone an idea of a DFS date? Also, I know that Greenland can be very environmentally conscious but the board seem confident they have approval and are good to go. Is that the case?
Thanks in advance for any help!

There does seem to be a nice consolidation pattern going on around .65-.7 pence. It's been a few weeks since anything major was announced and the sp hasn't fallen which is also encouraging. Awaiting fresh news and a further break out with any luck.

Yes CEO & CFO did say no to a Nasdaq listing but I think they hedged this as a 'not yet' due to the cost. They didn't go into much detail about it. Whether they believe it would have a material impact on the company, or just put even more shares on the market may be a moot point.

I'd be more in favour of 100 to 1 with a view to a nasdaq listing in the future. It was discussed at the last meeting and dismissed but you never know.

Just my thoughts....
1) company needs to break even and prove it's sustainable
2) complete Oxford super hub and ideally get more deals like this to prove viability of technology
3) demonstrate meaningful concrete progress on the deal with siemens

Don't get me wrong, i'm a long term holder and there is a LOT of good news coming out of the company at the moment, but that's more obvious to people who have been here a while. To newcomers it seems we're still at the caterpillar stage of development. Given time, I think Larry and co will deliver.

Don't think we missed much judging by the agenda and RNS. Enough to justify a drop of 4% but such are the vagaries of the market...!