PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Ali - context is king. If £25K is peanuts to you, then your top up is meaningless as you can afford to lose the lot. If it's everything you own, then you're mad! Bear in mind the vast majority of the market disagrees with the assessment on here that this is a great buying opportunity.
There's been a few articles of late in the likes of Investors Chronicle etc. which sheds a bit of light. Alternative protein companies in general are doing terribly right now - nigh on every plant based alternative is down somewhere between 75% and 95% from their peak. This seems to be down to massive over-optimism in the market share they will capture and profitability they can achieve, though Anthony Chow noted in the IC a few weeks ago that the plant based players have a problem with getting the right texture which will be overcome by the cultured meat alternatives which will then take over the world. I think there is a realisation that the AT Kearney report which is touted by ANIC as it suggests cultured meat alternatives will claim 40% of market share by 2040 is speculative plant based / cultured tripe. It can't possibly have any evidence to back up this projection. You could also look at other sectors that were massively overvalued during the pseudo-pandemic because people thought we would emerge fundamentally different. Shares like Tesla, lesser known Hydrogen based rivals Nikola and Lordstown Motors, vertical farming technology like AppHarvest. - they've all been massacred by the market in the last 12 months or so because there's not so much substance behind them (particularly in a high cost of funding market place) as people thought when they were all sitting at home twiddling their thumbs thinking of the Utopic future we would emerge into. Perhaps I'm a cynic though. And I do still believe some of these companies have a future.
Hi - prior to the RNS, this information was available on various websites if you used Google and just searched for news in the past 24 hrs. On FT website amongst others.
It relates to an institutional investor placing 5.5m shares @ £13.65 each (so £75M worth dumped at a discount).
I invested in Hydrogen One Capital Growth investment trust (HGEN) at the IPO at cost of £1/share back in July '21. This trust invests in a variety of Hydrogen based technologies with the promise of ...you've guessed it..."jam tomorrow". They now trade at 83p or so and at a steep discount to NAV. The market has decided that the ifs, buts and maybe's of the potential of Hydrogen is not worth paying especially much for right now. To me, the Hydrogen story is a distraction from the fundamental reason anyone is invested in Chariot. It is not likely to add any value for the foreseeable future, is a resource drain and may infact end up worthless. Look at the recent share trends of the likes of Ceres Power or ITM power along side HGEN. Why not focus on the day job and get the gas out the ground?
I bought into this quite late (price circa 1300p) but the reason I bought in was I believed there was still a lot of potential upside. Was I wrong on this? I would have thought an Israel / Lebanon maritime treaty plus news of 1st gas would have been monumental announcements but the uplift has been minimal. I appreciate gas prices are off their high, but Peel Hunt are quoted as saying Energean are "on the cusp of transformation" - this was a recent statement so indicates still plenty to come. So what will it take for them to transform?
RyeSloan - not really getting how you are saying this is good for all shareholders. JM's fee structure was published by RNS on 6th May 2021 (share price about 34p, NAV from April 21 was 6.22p, but his deal based on 30th June 2020 figure of 5.85p). NAV now is 16.5p = good for Jim Mellon, but share price now is 13p = rubbish for shareholders. If it all comes good, then great but as I may have moaned before, JM seems only to be exposed to the upsides for short termism whilst the rest of us have to play the less predictable, less certain waiting game. This is a bad deal for shareholders.
So today's RNS sounds phenomenal as it looks like our seed investment from June is now worth 20x original investment. I get that on paper this must be true as the most recent fundraise demonstrates unequivocally what others are prepared to pay. However, I will go out on a limb and guess that todays market reaction will ignore this. How can you ignore a 20x increase since June in a falling market....unless you fundamentally don't believe it. Is that what the market is saying?
Investor 1: "What insight can you offer about the prospects of this interesting but speculative play on gas prices and energy security"
Investor 2: "You've got a big bum".
Investor 1: "Your mum's fat".
Gents - please take a look at yourselves. This board is ****. Goodbye.
Fair enough. You're giving them the benefit of the doubt more than I would have. I think in total, the Every Company has raised $233M in funding. That's a lot of money to raise for your "shop window" product launch to be so niche. I'm just hoping that their proteins end up in countless day to day products.
Is there actually a market for this stuff? It seems somewhat niche. I get that "fruity" beers are popular (for now) and that protein shakes are popular but is there any demand for a fruity beer protein shake? Add on to that, does someone who wants to buy a fruity beer protein shake really care whether the protein is animal free. I expect that many people would be surprised to learn that there protein shake was animal derived - it's not in your face. I just think this is a bit of a disappointing damp squib. I really hope they have done some market research that this is the next big thing that consumers are demanding, but I am not aware of any evidence that there is a market for this.
Hi - would you have expected more of a reaction to this?
https://www.theguardian.com/world/2022/oct/11/israel-lebanon-historic-maritime-border-deal
So far nothing in the share price would imply this is important or that it wasn't already priced in.
What did everyone else expect?
Hi - anyone care to give me a whistle-stop tour of how JOG has arrived in its current position? I'm considering an investment to bolster my existing gas exploration and production company holdings (Energean and Chariot). I appreciate this may be quite time sensitive given that news may be expected later this month.
I fear Middle East "deals" tend to be more than snags.....
More in depth interviews with BlueNalu here:
https://www.foodnavigator-usa.com/Article/2022/10/05/bluenalu-tech-breakthroughs-will-unlock-significant-profitability-for-large-scale-cell-cultured-seafood#
Last paragraph in the article says that Lou Cooperhouse thinks that construction of their new large(r) scale facility will be "very easily debt financed".
Another good news story although not much detail - have a look at Prolific Machines website. I was drawn to the most realistic statement I've seen from any of these guys - see below:
"The importance and market share of cultured meat will depend upon being competitive in nutrition, flavor, consumer acceptance, sustainability, supply-chain resilience, and—most critically—cost. There is no likely world in which a meaningful cost premium above functionally-equivalent alternatives achieves massive scale and consequential impact. At Prolific Machines, we believe we have a solution to make cultured meat at a price point that can compete with factory farming......"
Sounds good. Onwards and upwards.
Skier 1 - when will we hit that 4-8p range? I think you said it was sometime soon.......Care to backtrack?