Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
@LordWM, I don't know I understand the full implications of all this but your last past accurately expressed the worries I have. After this will |Nanoco have a QD business? And can Samsung develop other products based on Nanoco's (once) unique technology. The last RNS has created total confusion and my opinioon of BT has dropped considerably!
Given that the share price has just dropped to pretty much where it was before the settlement, I'm not sure all the big investors will be able to afford the train fare up to Runcorn ant time soon or even wangt to attend! So maybe you had better cancel. And there may not be any trains anyway! What a turn around b etween Friday and today, and what a difference in tone in the RNSs. I am pretty confused. It feels like Nanoco is in the process of 'selling' its main QD patent rights to Samsung. Is that the effective result of all this? If so I think people have the right to wonder whether Nanoco has folded.
I am (fairly) content to now wait for the details for what I hope is the formal Samsung unconditional surrender document (Okay I might be being a tad optimistic there!). I doubt the details will leak so I'm not sure what more we can do but wait. However the litigation was, I thought, meant to be the cherry. The organic business growth was meant to be the main cake. It seems to me we are now in the time period where we might (should?) soon hear about the potential sensor/ST micro orders . I also wonder, as Nanoco should soon have some 'spare' cash, whether they will rescusitate/ speed up development of the solar panels/agriculture/lighting and various medical businesses? If the management are no longer distracted by the litigation could we potentially start to see real gains in these other areas. I hoping so. I realise some of these things may take some time, but do others think we might see some of these areas starting to build again? Or do people think they are no longer worth pursuing? I like the idea of Nanoco building a diverse new industry using their innovative and patent-protected materials platform to provide materials to multiple business processes. Am I being too optimistic?
I know our current patents expire at some stage, but I don't discount the posibility that the bright people at Nanoco might come up with new versions of QDs using new patentable processes. Nothing stands still. I realise this includes competitors but I think the people at Nanoco will be working hard to maintain their lead and expand their patent collection, especially as they now have proof of the existing patents' value.
How long before Cadmium Free QDs are the only QD game in town? A few years? Longer? I don't know but I think it will come. After that, this settlement may mean the majority of QD applications providers will have to pay royalties to little Nanoco until the patents run out. I think the longer term picture for Nanoco is now probably even more exciting than the short term financial gain from this settlement. The settlement should secure Nanoco's profitability and future and possibly allow them to fund research on other products using their platform and maybe even (if they want to) allow them to enter into manuifacturing these products themselves. We investors may need substantial extra reserves of patience, but assuming there is no slip betwixt cup and lip this could be the first step on the creation of a truely innovative and lucrativarket leader?! Let's hope so.
I agree Peregrinetrouser, How can this be worth only 60p ish now? Is there any feared possibilty of this term agreement not resulting in a binding agreement and so holding things back? Given some of BT previous statements this term agreement must be game changing. A 40% SP rise does seem that! Assuming the binding agreement materialises and what we know about future use of QDs and the potential orders for the newed material sales and other issues how is this company worth less than 1B$? Am I missing something?
I'm not sure it is just greed. I think a lot of us want S to get 'punished' for it's alledged wrong-doing so that it chqanges it's ways. Not much chance I know!
I can't remember where I heard this so I could be mis-remembering, but am I correct that no one (ie neither Samsung nor Nanoco) can appeal the verdict until after the Judge does his bit and that may take a couple of months after the jury verdict? If so, I fear the SP could be highly volatile until the judges 'report' and furthermore if Nanoco win, the SP might not reflect any jury award fully because of the risk of the decision being reversed in the inevitable (?) appeal. What do others think?
I guess there could be some disruption to a fair market if too many unsubstantiated rumours started to circulate, but in general rumours can often happen in the market and it doesn't very often result in a market suspension. Next week is going to be a stressful week but I doubt anyone will have, or even could have, any reliable information about which way the jury seems to be swaying. So unless an agreement comes out of the blue I'm not sure it is even worth trying to follow what is happening until the Thursday afternoon of the probable decision day. Even then I don't suppose we private investors could react fast enough to beat the MMs so probably best for us to try to chill- even if that will be hard fo us (me included).
@mattyashy. If often happens on HL with Xtr. I'm not sure it means too much. You could try buying any large amount in two blocks. It sometimes works but not always. And of course there are two dealing charges to pay.
BM, I hope you are right, but we have to allow for the possibility that they aren't doing it ...........yet!
Joeman1 , it was a joke!
I wonder whether the RNS writer has dyslexia. Did he/she mean to write :
We expect that the open pit mining study will be completed early in 2032?
Foreward estimates of timescales in a half yearly report do not carry the weight of a promise. rRad the small print. Also end of 2022 is not late October/early November, And I planned to be a millionaire before I was 20....Strangely enough it didn't happen. Plans often have to be revised. My point is not that Colin won't deliver, it is just that to trust someone on dates who has such a poor track record is an exercise in hope over experience.
@Steve4077, It was a long RNS but I don't remember seeing any dates. The relevant sections that I could find were:
(1) ... are now working on the overall geological model for Ascot, which will then be used to produce a maiden Mineral Resource Estimate for the Ascot Prospect. This will be in addition to the updated Racecourse mineral resource estimate which is close to completion."
(2)Xtract is now incorporating all the geological and geochemical data from the Ascot prospect into a geological model which will be used to estimate a maiden Mineral Resource (JORC 2012) for the Ascot prospect. In tandem with this, a revised resource estimate is in preparation for the Racecourse deposit. This will then be used as the basis for an updated conceptual open pit mining study.
Did I miss it? Is it hidden in the text somewhere or in a different RNS and my speed reading skills need refreshing? If not he dates are just Colin's usual elastic timescales. 'Close to completion' sounds less exciting to me than the 'imminent' he has used several times before!
*death not dead
I'm sorry, I have to laugh. Several people saying words along the lines 'not long to wait'. I remember my prediction of good news and a re-rate in about September .That was September 2021 by the way. We can only hope. One day the words 'soon/imminent/not long now/etc' will turn out to be right. But just because Colin said late Oct/Early November means diddly-squat. He has said a lot of things. Won't be a dead of a thousand cuts. Was it six weeks he said more than six months ago. I am fairly confident it will happen and we will get a really decent re-rate... but I am now much less certain when. September 2023 anyone? Ha Ha perhaps I should just say Serptember and leave others to fill in the year!
There is always two ways at looking how many days there are to go. Do you count the day you are on or not? But I look at the number of 24 hours remaining between now and the expected decision announcement by the jury. So I'm counting now as D-10! (probably!)
The wider ramifications probably won't affect my Investment in Nanoco, Specific effects, like the pound/dollar exchange rate will do. Where such relevant effects exist that will (or may)affect Nanoco then people's posts should clarify this link. Posts here should not jus display some members of this board's politcal biases or show their sexism as one post about our PM's clothes did.. We all have political (and other non-nanoco-related) biases but this board is not the place to discuss them. I apologise to other board members for having to post this reponse but it is a direct answer to the previous(?) poster. I want this board to be about nanoco so I won't be replying to such politial clickbait again.
Can we stop with politics please. This is not the forum for it. The $ -v- £ is relevant as it would affect the possible settlement and it may change Nanoco's competitiveness against others, The rest - not so much.