Member Info for schlemiel

oh i see..my apologies ..cheers all

released the Magna contract win in a separate RNS for full max effect rather than hiding it away in a lengthy RNS...

The completion of the capital raise is a positive boost for the company and will enable the company to double down on its market leading technology in OEM Driver Monitoring Systems. It will also enable the company to fund an increase in the rate of growth in its aftermarket business through acceleration of the Guardian Gen 3/Smart Camera roadmap, but also in expanding sales and distribution in EMEA and North America. With a leading position in automotive OEM (reinforced by the scale of the RFQ wins with Magna), a leading position in Aviation (demonstrated by the relationships with Collins, L3Harris and CAE) and high growth and already cash generative aftermarket business (now converting global businesses like Shell as clients), we continue to believe this remains the start of an exciting journey for Seeing Machines and we continue to recommend investors stay strapped in for the ride. Today’s fund raise will accelerate the business, which continues to attract major US investors and looks set for a US dual listing in due course. We iterate our Buy recommendation and 16p group valuation.

end

Comment: Whilst there is limited information in the announcement on current trading, the commitments by Magna, both in terms of the strategic investment but also the large RFQ win, are very significant. We believe these demonstrate that one of the world’s largest and most sophisticated automotive Tier 1’s has effectively committed to Seeing Machines as its preferred DMS supplier, potentially cornering off another large market share chunk of the DMS opportunity to Seeing Machines. The RFQ win is, we believe, the single largest to-date announced in the industry by a margin of at least 50% and more than twice the size of the previous largest RFQ win announced by Seeing Machines (June 2018 - OEM4 [believed to be Ford/Veoneer]). The size of the RFQ win demonstrates, in our view, the accelerating demand for fleetwide adoption of DMS by automotive manufacturers, particularly after the inclusions of the SAFE Act and RIDE Act in the recently passed US infrastructure bill. The SAFE Act specifically will mandate the adoption of DMS in US vehicles (bringing the USA in line with the EU and China); however, the details about the timeline and technical specifications remain to be decided. The win also provides further weight to our view that Seeing Machines is likely to win more than 30% of the global DMS opportunity by value targeted by Seeing Machines, with our model based on just under 40% market share over the period CY24-30.

cont.......

https://www.cenkos.com/research-portal?#/portal/cenkos-securities/research/39_7cd19970-c423-4674-a9d6-aea079bf1598

23 Nov

Seeing Machines Ltd Largest ever DMS award win and fund raise

23 November 2021

SolGold plc

("SolGold" or the "Company")

Cascabel Investment Protection Agreement

The Board of Directors of SolGold (LSE & TSX: SOLG) is pleased to announce the signing of a preliminary commitment declaration with regard to an Exploration Investment Protection Agreement ("IPA") for the Cascabel project in northern Ecuador. The declaration was signed on 19(th) November 2021 in Quito, Ecuador between Mr. Guillermo Lasso Mendoza, President of Ecuador, and Mr. Andrew Taunton, Vice President of SolGold's Ecuador subsidiaries representing SolGold plc and SolGold Finance AG (together the "Investors"), and Exploraciones Novomining S.A. and SolGold-Ecuador S.A. (together the "Receiving Companies").

cont........

https://uk.advfn.com/stock-market/london/solgold-SOLG/share-news/SolGold-PLC-Cascabel-Investment-Protection-Agreeme/86631919

23 November 2021

SolGold plc

("SolGold" or the "Company")

Cascabel Pre-Feasibility Study Update

The Board of Directors of SolGold (LSE & TSX: SOLG) wishes to provide an update regarding progress of the Pre-Feasibility Study ("PFS") with respect to the Cascabel project in northern Ecuador.

With the recent appointment of a new CEO and MD Darryl Cuzzubbo starting on 1(st) December 2021, SolGold has determined to delay the release of the PFS. This will enable confirmation of various assumptions impacting the PFS, including whether what are currently considered as upside options should in fact be further evaluated and incorporated as part of the PFS base case so as to provide a more indicative and robust value of the Cascabel project. Upside options under review include earlier underground access, mine and mill optimisations, extending Cascabel Resources, hydroelectric power, among others, offering further optionality and potential for improved economics.

Subject to the determination on the above assumptions, the PFS is well progressed and SolGold anticipates that it will support management's expectations of a robust and prospective project.

An update on when the PFS is expected to be completed will be provided at the upcoming AGM on 15(th) December 2021.

nm

Sheffield also chimed in, saying that the Beetaloo sub-Basin has a number of the key elements for a world-class shale play.

“The Mid-Velkerri shale has a large aerial extent, ample thickness and great rock quality. I am excited to be part of the Tamboran story,” he concluded.

'Following strong commercial progress and feedback to recent RFQ processes, the Company has increased confidence on both the quantum of its total pipeline of opportunities and its ability to convert a significant portion of this pipeline into formal, legally binding orders. '

I'm getting a little excited when I read stuff like this. When these orders are announced, well, it's boom time...stock up on shares

I hope they mark it down heavily, for utterly selfish reasons

SC

From advfn

''I've also just noticed that you can't apply though PrimaryBid online anymore - it has to be via their APP.''

'PrimaryBid can't put shares into your ISA or SIPP as they have no idea how much of your annual allowances you have remaining. Hate it all you like, but I don't see a way around this that isn't an admin nightmare. I'd rather get offered to take part in placings via GIA than not at all.'

https://www.eetimes.com/roadmap-emerges-for-testing-driver-monitoring/

By Colin Barnden 11.22.2021

gutted the placing wasn't at an even greater discount to the current price than detailed in this news so I could buy another 200k at a lower price...gutted

that's a mega RNS for SEE. The best since I've been following the company

I'm gutted at this news, feel betrayed and let down..............

Just noticed that. 'realisation' does suggest a sale of CA's shareholding

fingers crossed

Let's see what happens in terms of newsflow rather than trying to predict future price movements...SEE is now on the runway as opposed to 3 or 2 years ago when it was sat waiting with its engines turned off

From Hotcopper

'Parsley Energy billionaire Bryan Sheffield buys into Tamboran

There’s a new name about to join natural gas company Tamboran Resources’ register, and it’s certain to attract some attention.It’s understood US oil and gas entrepreneur Bryan Sheffield - whose company Parsley Energy was acquired in 2020 by his dad Scott’s business Pioneer Natural Resources in an all-scrip deal valuing the company at more than $US4.5 billion - will come on board as a new cornerstone investor in Tamboran.Tamboran Resources managing director Joel Riddle. Sheffield will own 7.5 per cent of Tamboran. It is his first time investing in an ASX-listed stock.The ASX-listed company, which is developing low carbon dioxide natural gas resources in the Beetaloo Sub-basin within the Greater McArthur Basin in the Northern Territory, had secured Sheffield’s support to be a cornerstone investor, before tapping institutional investors on Friday and Monday as part of a $30 million raise.Sheffield is expected to take out $20 million of the raise.

The capital raise was priced at 37¢ per share - a 3.9 per cent discount to its last close price of 38.5¢. '

Nov 22, 2021 – 1.43pm

'There’s a new name about to join natural gas company Tamboran Resources’ register, and it’s certain to attract some attention.

It’s understood US oil and gas entrepreneur Bryan Sheffield - whose company Parsley Energy was acquired in 2020 by his dad Scott’s business Pioneer Natural Resources in an all-scrip deal valuing the company at more than $US4.5 billion - will come on board as a new cornerstone investor in ................

https://www.afr.com/street-talk/parsley-energy-billionaire-bryan-sheffield-buys-into-tamboran-20211122-p59azt

NAB arranging funds for Origin Energy despite new climate policy

15 November 2021

Just days after releasing a new “transition-focused” oil and gas policy, it has been revealed that NAB is co-arranging a A$2.4 billion loan for Origin Energy.

Origin Energy is pursuing gas drilling in the Beetaloo Basin, which would emit up to 1.35 billion tonnes of CO2-e over its lifetime according to Reputex (equivalent to 2.7 times Australia’s 2020 greenhouse gas emissions).

“Nothing could better illustrate the utter hollowness of NABs climate policy than arranging funds for a company opening up a colossal new fossil gas basin,” said Jack Bertolus, Australian Campaigns Coordinator, Market Forces. “It’s almost beyond parody.”

“Clearly, the bank isn’t serious about net zero by 2050 and should either take genuine action or publicly withdraw its commitment to the goal.”

NAB cannot ‘directly’ finance greenfield gas extraction in Australia under its new policy unless it argues the gas “plays a role in underpinning national energy security”.

However, the policy allows NAB to continue funding such projects ‘indirectly’ by lending to the companies pursuing them, rather than to the projects themselves.

Analysis from Reputex, released in October, finds lifecycle greenhouse gas emissions from Beetaloo Sub-basin projects (including those pursued by Origin) would be up to 1,358 million tonnes, equivalent to 2.7 times Australia’s 2020 greenhouse gas emissions. The report also finds:

“Beetaloo basin gas emissions represent a large source of additional GHG emissions entering the Australian economy at a time when rapid global emission reductions are necessary to limit the effects of global warming. To this end, new oil and gas fields from 2021 have been modelled by the IEA to be inconsistent with a net-zero pathway (IEA 2021b).”