Member Info for schlemiel

Half year trading update - ahead of expectations



Separately to the update on the litigation settlement published today, Nanoco today issues a trading update for the half year ended 31 January 2023 (the "Period") in relation to the organic business, which has continued to make further progress in customer delivery and scaling for potential production orders this year.



Operational overview



· Continued successful delivery of technical milestones throughout the Period for the European Electronics and Asian Chemical customers.

· Increase in demand for volumes of development materials.

· On track to deliver two fully validated production materials for use in infra-red sensing.

· Manchester exit and Runcorn relocation delivered on budget and slightly ahead of time.

· Runcorn CFQD facility re-commissioning alongside recruitment of additional production and production support personnel.

· Focus remains on delivering production ready facility and validated materials in anticipation of production orders in CY23.



Financial overview



· Revenue remains comfortably in line with the Board's expectations.

· Active cost management is delivering costs also comfortably in line with the Board's expectations.

· As a result of the factors above, combined with FX tailwinds, the Adjusted EBITDA loss for the year is now expected to be narrower than (and therefore ahead of) the Board's expectations.

· Net cash consumption in the Period was £0.8m, leaving a cash balance of £6.0m, also comfortably in line with the Board's expectations.

The Company expects to announce its Interim Results for the half year ended 31 January 2023 on 28 March 2023. The financial impact of the litigation settlement will be included in the Company's results from the second half of this financial year, onwards.

Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other specific nanomaterials emanating from its technology platform, announces the final agreements (collectively, the "Settlement") have been signed to settle the litigation with Samsung on a no fault basis for the alleged infringement of the Group's IP.



The Group has separately published a trading update this morning for its half year ended 31 January 2023.



Litigation settlement overview

· Litigation concluded with $150m cash settlement to be paid in two equal tranches (by 5 March 2023 and by 3 February 2024)

· Nanoco retain over $90m net proceeds after litigation costs

· Settlement structured as a sale of non-core patents and a global, perpetual, fully paid up licence agreement

· Settlement ends all global litigation with Samsung; Nanoco's IP fully validated by the legal process

· Nanoco retains full freedom to operate in all markets, territories, products and material types

Chris Richards, Chairman of Nanoco Group plc, said:

"This has been a long and hard battle for Nanoco. The outcome is remarkable, given the relative scale of Nanoco and Samsung. The settlement value is almost three times our own low case damages model; settling now avoids the risks associated with further litigation and the adverse impact from the time value of money in an appeals process that would have extended for years. Even more importantly, it validates Nanoco's core IP, which we will continue to defend vigorously.



"In deciding the allocation of the net proceeds, the Board will balance any investment needs of Nanoco's growing organic business with a firm intention to deliver a material return of capital to shareholders."

Definitive Agreements Signed with Samsung for $150m Litigation Settlement



A transformative outcome for Nanoco

apologies, I see it's already on the thread

I cant see the full article except a snippet from the article on search. So is Havieron up for sale then?

https://www.theaustralian.com.au/subscribe/news/1/?sourceCode=TAWEB_WRE170_a&dest=https%3A%2F%2Fwww.theaustralian.com.au%2Fbusiness%2Fdataroom%2Fshareholders-press-newcrest-mining-to-appoint-external-chief-executive%2Fnews-story%2Ffbc852996cbf0eed19cc504aa1573d70&memtype=anonymous&mode=premium&v21=dynamic-groupb-control-noscore&V21spcbehaviour=append

'Who we’re looking for

In this critical fixed-term contract, you will be integral to the establishment of the Havieron Project, through the development of the Karlajartu Decline and associated lateral and vertical infrastructure.

Reporting to the Mining Superintendent, you will play a key role in the Havieron Project Team and its success with both internal and external stakeholders, and contractors to safely and efficiently deliver the Early Works decline to meet the requirements of the Havieron business plan.

Other key deliverables of this role include, but are not limited to:

Support the ongoing decline development
Generate short to medium term mine designs and schedules for the Havieron Project
Assist with the development of a standard planning process for all plans for the Havieron Project that ensures all statutory and safety checks are undertaken prior to their release
Monitoring compliance and consistency between weekly and monthly plans and the project schedule
Contract management activities (including QAQC, compliance, reporting and daily management)

To succeed in this role, you will be a safety-focused professional who enjoys technical challenges. Your exceptional interpersonal skills will see you promote a site wide, team-based culture between employees, departments and contractors.'

https://www.newcrest.com/careers/current-opportunities?job=983120

current - $1956

https://www.abc.net.au/news/2023-01-23/beetaloo-gas-fracking-start-despite-nt-govt-missed-deadline/101862808

'On the basis on the rsp someone is bidding for 1m shares at just under mid and all mom’s bidding up'

Shrewdmole -

there's a bidder on the book taking stock above mid

'The primary focus of this key role is to undertake geotechnical activities that are associated with the development and construction of the Havieron Project to support Newcrest’s growth strategy. You will play a key role in the Havieron Project Team and its success with both internal and external stakeholders and contractors, in order to safely and efficiently deliver the exploration decline to meet the requirements of the Havieron business plan.

As a degree (Bachelors or higher) qualified Senior Geotechnical Engineer, you will be an expert in underground mine development and operations in a variety of geotechnical environments. Your previous experience and ability to contribute to the deliver and successful outcomes for key programs and experience in any of the related geotechnical modelling and analysis software packages would be beneficial.

A firm focus will be on teamwork and fostering the development of a team. We are looking for a strong communicator and influencer and someone who is familiar with working in a highly collaborative environment with a strong emphasis on innovation and best practise.'

https://www.newcrest.com/careers/current-opportunities?job=983109

market now wants to see flow rates over time

all

thanks for the updates everyone. hope all is well

State 36-2 LNW-CC well update

Substantial hydrocarbons encountered - revised completion options being evaluated

RNS

Is this tweet a nod that NCM have made the decision to go to mine on Havieron? Otherwise, it seems a pretty innocuous tweet

on this stock and apologise for my previous prediction re @ breaking 9p in the near term

I did think when we hit 9p th market would wake up and take note. Evidently not

I shall keep my 'trap' shut in future

imho this resistance will give in the near term

first time since early Oct

Sellers now out?

nm