Member Info for schlemiel

I'm not a shareholder of SXX. I have never been a shareholder of SXX. I am a long term of user of most share-chat forums that provide each and everyone of us with a platform to share our views, opinions, frustrations and any other forms of information we choose to post.

The most important issue is preventing idiots like Fraser from destroying this most private investor resource (chat forums) that we all use.

Fraser needs to look in the mirror and understand that he himself is directly responsible for the mess that SXX now finds itself in

Always question the sincerity, intentions and public statements made by the management of the company you own shares in.

You buy equity you take responsibility for any losses you may incur. Caveat Emptor should be tattooed onto your psyche.

And Fraser? Well, incompetent and idiotic management always look to blame others for their own failures.

If only people had listen to those derampers and sold many years ago you'd now still have your capital intact. But people chose to listen the to discredited management of SXX

Fraser looking for scapegoats

Investment involves risk of loss, total loss of all capital..I know this lesson only too well. My losses would dwarf the average holder

blaming these forums for his mistakes

https://www.thetimes.co.uk/article/shareholder-chat-forums-should-be-shut-down-says-sirius-boss-chris-fraser-qh8q5zrkw

Shareholder chat forums should be shut down, says Sirius boss Chris Fraser

Sirius believes a false claim on an online forum may have triggered a fall in its share price last month
Andrew McCaren for The Times

Online shareholder chat forums are a “disgrace” and should be shut down, according to the boss of Sirius Minerals.

Chris Fraser, chief executive, said the Financial Conduct Authority should investigate the bulletin boards where many Sirius retail shareholders discuss their investments.

The Sirius chief said it was “deeply concerning” that regulators did not address the forums where people were “holding themselves out as experts and giving investment advice”, describing it as “real Wild West stuff”.

“They have these people sitting in their basements in their sweatpants, giving them investment advice — unregulated, unlicensed and people follow them,” he said.

The most prominent online share forums are the London South East and ADVFN forums. Investors post hundreds of messages a ...subscription based

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Oi, Fraser. I have a message for you - F U

These boards are a valuable source of information, education and enlightenment. For a CEO of a failed company to suggest this source of information and debate should be shut down is a total disgrace and an assault.

Fraser - YOU ARE TOO BLAME FOR THE FAILURE OF SXX YOU ******

Sorry - it's 2 v 3

thanks all..I just thought using SEE using terms like 'customer' may have suggested something

3 v 2

'You will support the successful integration of Seeing Machines DMS technology and be responsible for customer program support including setup, training, and support of Seeing Machines evaluation and development products and customer specific application development and hardware/software systems integration.'

This will involve:

Developing and maintaining expertise on current Seeing Machines DMS technology, products, and services, collaborating closely with CTO, Director of Advanced Engineering and our Chief Engineer.

Local customer (Tier 1 or OEM) technical support for awarded programs including DMS application and system integration support and software integration/issues and system validation.

Analysing and resolving product design and integration issues

Be the “technical face” of the company in high value DMS programs – the local Seeing Machines DMS technology integration and application expert

Application engagement and support related to customer RFI/RFQs

Support of technology setup/demonstration at trade shows or customer venues

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This job advert appears to imply SEE has already secured 'customers' in Japan and 'high value awarded programs' or am I reading too much into it?

The DT article said we were testing with Toyota which. Is this testing phase now ended? Does the above job advert imply this is the case and an award's been made?

Just thinking out loud, which for me can be a very dangerous pastime

UP - Cheers for that

Training and education, Stojanovski said, will be a critical part of the FMCSA’s program because as these systems assume the more of the mundane driving functions, the likelihood that novice users will abuse it increases.

“If it’s intuitive to misuse your product, you should do something about it,” he said. “I think with ADAS, the better it gets the more inclined people are to misuse it and it’s not yet clear that a good training program and monitoring system can affect driver complacency.”

end

https://www.ccjdigital.com/fmcsa-set-to-evaluate-automated-driver-assistance-systems/

FMCSA set to evaluate Automated Driver Assistance Systems

Jason Cannon - October 6, 2019

Federal Motor Carrier Safety Administrator Ray Martinez announced Saturday at the American Trucking Association’s Management Conference and Exhibition in San Diego the debut of a project that will evaluate and promote advanced driver assistance systems (ADAS).

Martinez said he hoped the two-year project, which will be funded through the U.S. Department of Transportation’s Intelligent Transportation Systems Joint Program Office, will boost adoption rates of ADAS while encouraging future innovation.

“This technology is going to lead us [to improved safety],” Martinez said of ADAS suites, which typically are compiled of things like automatic emergency braking and lane-departure warnings tied together by camera and radar sensors.

The program will lean on the expertise found in the membership of ATA and TMC. With the assistance of ATRI, Martinez said FMCSA, through the program, will develop outreach and education material to share with fleets and drivers who aren’t aware of potential benefits of ADAS systems.

“There’s only a few [ADAS] suppliers but I think that’s the whole point [of the program],” said Ognen Stojanovski, chief operating officer of Pronto and co-founder of Pronto.ai. “How do [the systems] stack up and do they do what they say they’re going to do?”

Stojanovski, whose San Francisco-based company developed Copilot – a Level II autonomous system for Class 8 tractors – said the 24 month program can be an important step in validating long-held assumptions that ADAS systems save lives.

“I think a lot of people agree in principle that these systems promote safety, but we don’t have a way to see if the reality is living up to the hype,” he said. “We’ve got to stop with this game; that it’s self-evident that it’s safer because it’s a safety technology. Safer fleets tend to adopt safety technologies just incase, so we don’t know the actual impact of ADAS on overall safety.”

Volvo Trucks North America President Peter Voorhoeve lauded that the program would bring all players into the ADAS space to the same table.

“It is the highest essence that we get more safety on the road. I want everybody to talk about safety,” he said. “The topic itself is too important to be brand dependent. It only becomes more and more important by the year. Safety should be the prime design principle.”

Volvo Trucks North America will roll out later this year – standard on new VNR and VNL models – an updated version of its comprehensive collision mitigation system Volvo Active Driver Assist platform (VADA) 2.0. The system enhances the original VADA platform by integrating radar and camera capabilities to help drivers maintain a safe following distance through alerts and improved traffic awareness, as well as emergency braking to reduce the risk of collisions.

c

'getting a foothold in the automotive supply industry'

We are a sitting duck...look at those contracted revenues, our customer list and the quality and identity of the auto-makers buying SEE Fovio

those anti-fracking ****ers are still inciting fear (ie water shortages, massive rises in CO2 emissions, environmental destruction - lying ******s) and crying crocodile tears in the Aussie press (SMH etc)...

thanks for this link. I never knew the industry was so large. Interesting that the move is away from 'live' training (both commercial and military) towards 'synthetic training' to cut costs as defence budgets fall and value for money demands take precedence

the management discussion and analysis is very informative - from page 10

https://www.cae.com/media/documents/Corporate/Financial_Reports/2019/CAE_Financial_Report_FY19_EN.PDF

CAE is a pure-play training company that continues to benefit from
secular tailwinds in our core markets. I am highly encouraged by the
continued evolution of CAE’s strategy to garner sources of growth
and long-term competitive advantage. I am enthusiastic about the
company’s prospects for sustainable and profitable growth and our
ability to generate attractive returns in large markets where CAE
benefits from an excellent position and a high degree of recurring
business. We expect to continue exceeding underlying market
growth as we deliver on a record backlog and convert a large pipeline
into higher market share and new enduring customer partnerships.

In Civil aviation, market fundamentals remain supportive with
continued passenger traffic growth and an expanding global inservice
fleet of aircraft. We expect to continue growing our share
of market through innovation and with the benefits of the largest
and broadest global training network, market-leading simulation
products and support, and the most comprehensive offering of
cadet-to-captain training solutions. Our customers face complex challenges, including securing a supply of new pilots to support
their operations. CAE forecasts a requirement for 300,000 new pilots
globally in the next 10 years to serve the commercial and business
aviation markets. We see this as a great opportunity to enable our
customers to recruit and develop the next generation of pilots. We
have positioned CAE to be the go-to company for training solutions,
and increasingly, for pilots. Among several other initiatives, to ensure
we tap into the full available talent pool, we launched the CAE Women
in Flight scholarship this year, to encourage more women to consider
becoming pilots. You can read more about it in this report.

In Defence and Security, the market is also highly supportive with
governments around the world placing a high priority on mission
readiness and looking at outsourcing to partners like CAE to help
create and maintain critical operations personnel. Here too, we’re
seeing good momentum as we convert a large bid pipeline into
orders.

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very positive for the industry

$1bn investment over the next 5 years

'Eyes on the next horizon

We are making great progress on our key strategic priorities to
drive innovation and delight our customers by further establishing
CAE as the thought leader in aviation training. Our vision to be the
worldwide training partner of choice is anchored in our ambition to
be essential to our customers. While digital innovation is not new to
CAE, this year, we bolstered our capabilities with the launch of our
Digital Accelerator to systematically develop even more competitive
differentiators and to find ways to further delight our customers?
faster. We are advancing the science of training by leveraging the
latest in artificial intelligence, data analytics and other exciting
digital technologies that provide our customers with previously
unattainable training insights and greatly enhance their experience
with us. You can read more about it in the next pages of this report.
The Digital Accelerator is only one element of a much larger and
bolder commitment we made this year: to invest $1 billion over the
next 5 years in Digital Intelligence to revolutionize pilot, aircrew and
healthcare professional training.'

'MULTI-DECADE OPPORTUNITY'...Origin must be absolutely confident in Beetaloo's prospectivity to make such a bold and hubris-esque (that's not a word) statement

Getting energy right for our communities

We respect the rights and interests of the communities in which we operate, by
listening to them, understanding and managing the environmental, economic
and social impacts of our activities. This support is reflected in our response to
community feedback, which includes our Regional Buy program.

In FY2019, we spent $247 million with regional suppliers and we procured
goods and services from 34 Indigenous businesses.

In the Beetaloo Basin in the Northern Territory, our host Traditional Owners
are supportive of our project and are optimistic about the economic and
employment opportunities it can deliver to their families and communities into
the future.

We worked with the Northern Land Council and the Native Title holders to
complete sacred site clearance and avoidance surveys, secured Aboriginal
Areas Protection Authority certification for nine potential exploration locations
and participated in seven on-country meetings with Native Title holder
families. Our agreements with Native Title holders are secured through mutual
negotiations guided by the principles of free, prior and informed consent.
We exceeded our environmental performance target with no environmental
consequence incidents occurring during FY2019. An environmental
consequence incident is an incident that results in an actual consequence of a
moderate short-term impact to the environment (or above).

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Interests in unincorporated joint operations

The Group’s interests in unincorporated joint operations are brought to account on a line-by-line basis in the income statement and statement of financial position. These interests are held on the following assets whose principal activities are oil and/or gas exploration, development and production, power generation and geothermal power technology:
• Beetaloo Basin

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end

https://www.originenergy.com.au/content/dam/origin/about/investors-media/documents/fy19-origin-annual-report-online-oct.pdf

excerpts -

'Other exploration and development interests :
• Beetaloo Basin – multi-decade opportunity'

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'In the Beetaloo Basin, we have a 70% interest in exploration permits over 18,500km2 and in late 2018 commenced Stage 2 of a farm-in work program targeting two independent potentially liquids rich shale gas plays. Over FY2020, we plan to drill and fracture stimulate two horizontal wells and then undertake extended flow testing of both liquids and gas.'

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'Corporate

FY2020 corporate costs are estimated to be $70–$80 million.

Capital expenditure (including investments) is estimated to be $530–$580 million including $110–$120 million exploration and appraisal spend, primarily relating to Beetaloo Stage 2 appraisal and preparation for Stage 3.'

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'• Exploration and appraisal spend ($18 million) primarily related to Beetaloo.'

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Operations

Beetaloo (Northern Territory)

Origin has a 70% interest in exploration permits over 18,500 km2 in the Beetaloo Basin. In February 2017, a 2C contingent resource of 6.6TCF1 (100%) relating to the Velkerri B shale dry gas play was booked following a production test of the Amungee NW-1H well.

Interpretation of data obtained from the Amungee well, and other wells drilled in the Beetaloo Basin indicates a promising exploration opportunity with four stacked, unconventional hydrocarbon plays. Stage 2 appraisal is underway, targeting the Kyalla and Velkerri shale liquids rich gas plays. Two horizontal appraisal wells are planned to be drilled, fracture stimulated and put on extended production testing during FY2020. A number of preparatory activities were completed during the year including sacred site clearances, other access negotiations, water bore drilling to obtain baseline data, well pad and access road preparation, environmental approvals, and securing all services required for the campaign including the Ensign 963 rig. Current well status:
• Kyalla – drilling and stimulation, water bore and civils Environment Management Plans have been approved and water extraction licence is in place. Water bores have been drilled and access road and well pad construction are nearing completion.
• Velkerri – water bore and access roads Environmental Management Plans have been approved and water extraction licence is in place. Awaiting well pad civils and drilling and stimulation approvals. Survey work is being completed and water bores are being drilled.
The objective of the Stage 2 campaign is to test the ability to flow liquids-rich gas from the two independent liquids-rich gas plays.'

more

JC

yes, good find