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Isn't this simply because the smaller cap indices experienced stronger post-pandemic rallies? The FTSE100 took an age to reach pre-pandemic highs and has struggled to sustain them since. It lagged the smaller caps on the way up, so it was never going to experience such a jolt on the way down. That's my theory, anyhow.
https:// audio boom.com/posts/7876424-paul-hill-on-stocks-to-watch-including-trellus-belluscura-avacta
Bizzare, isn't it, that VAST now has a producing copper mine, copper is it at - what? - 10 year highs and VAST is sitting at multi-year lows. I think if we do pay Atlas, rather than having them convert, sentiment could change fairly rapidly. And I don't understand why we wouldn't. There is substantial cash from the last placing and we're being paid (monthly?) by Mercuria.
Time for VAST to act like a proper grown-up company. Growth should be from profit rather than from endlessly tapping the market.
Hi HT - It's interesting that you think production can be ramped up for the US without significant cost. I wonder what IMMO's plans are for marketing the product.
Good idea, btw - I'm thinking of buying one for a younger relative's birthday. If I do so, I will certainly share the order number. Thanks for the input.
S.
Thanks Stalin - interesting stuff.
It certainly seems like an exciting stage of the (potential) journey. I tried to find out how many individuals there are in the age group 5-15 in the US and UK. I came up with the figure 58 million. So when you imagine selling to just 1% - and then start thinking about Europe and Asia - it seems to add up to one hell of an opportunity.
ATB
Good afternoon both,
What are your thoughts on the potential for LEO? Ian Hetherington's appointment in December seems a very bullish sign. In an interview he did with Proactive he compared the current situation to the early developmental stages of Sony Playstation. LEO is a distinctive product that has had excellent reviews and the target market is huge (basically anyone from age 5-15). Perhaps it will ultimately be too large for IMMO? Wd be interested to hear your thoughts.
Sean
Great news however there are far to many ‘shoulds’ in the RNS.
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Difficult to fathom this comment. There are literally no 'shoulds' at all.
For nine months to last November profit was at $3 mil (so probably close to £3 mil for the year). This was 20% increase despite C19 disruption. They had £6 mil in cash (again a substantial increase on previous year). They 've been winning new contracts at a rate of around one a month. They're in at least one hot sector. So maybe not so pricey. That said, I think this might retrace (question is, how far?)
Many thx for usefulf info.
Usually consolidation leads to sp decline because it is seen as (and frequently is) prelude to a raise. Of course, with a profitable mine and secured bank debt, VAST won't need any more raises (that's sarcasm, in case you missed it).
Seanxoxox: you have correctly identified that brokers involved in placings will inform their customers about said placings, yes.
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I'm suggesting that said customers were told about said placing significantly ahead of when the mkt was told. Isn't that why the sp dropped? Isn't is standard practice for said customers to forward sell their shares? Even though said standard practice is illegal? Or am I being naive even referring to it.? Not looking for an argument.
Brooko's right.
Miagi is desperate to tell everyone what a smart investor he is but all his posts demonstrate that he's a t w a t.
Unlike M., experienced investors don't generally throw their toys out the pram and blame everyone else the moment a trade goes against them. Unlike M. they're not desperate for approbation on anonymous bulletin boards.
Shame Miagi's spoilt this bb with his childish rants...