Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I understand that frustration Lost Money.
I won't comment on the first placing as I wasn't invested back then but I understand the frustration of what appears to be a double whammy in that regard.
When it comes to most recent placing, I don't think it was specifically planned and I certainly don't think there was deliberate misleading. I think the news before that came because the company was working hard to produce. I think the placing came because there was an opportunity with Gfin and a placing was more sensible than eating into cash reserves. It also made sense to hitultiple birds with one stone and buy out Krunch fully as well as use the remainder of the placing funds as capital cash for larger deals we have been told are likely to be coming (details obviously unknown, I'm inly going by IGS, Gfin, Fanzine etc. As well as ME telling us they were being approached as partners as far back as Jan).
Yes the timing here was unfortunate but the BoD was not responsible for Gfin which I believe was the catalyst.
As for it being a lifestyle share, I totally disagree with you here and think this is a bit naive. If you look at what we've been told is being used as payment for various board members and some staff, shares are what is being used. The BoD have huge skin in the game and have only increased their risk there by adding more and taking shares in leu of payment. Think about that for a second. How confident would you have to be to say no to money each month in turn for shares that have the potential to be valueless if this all goes pear-shaped.
Yes, some of them have now started taking a salary (fair enough) but they still stand to lose an enormous amount should they fail. Aside from fundamental research, this is the single biggest confidence I have/need to have in order to remain entirely comfortable with the situation.
Happy to admit in 6 months or a year if I'm proven wrong
I've got him filtered but I'm guessing Guzzler is back on that wee Shetland pony he thinks is a high horse again?
Such an aggressive individual. He was the same on telegram. Couldn't see the forest because there were trees in the way and it didn't matter what was explained to him or how, he just refused to hear anyone's voice but his own.
Let him rant on
I'd agree with you there regarding your last point Skeletor. Speak to Nigel. He's always good with responses and I have faith he'll be back to you ASAP.
His email is on the bottom of most of the RNS as is his mobile.
I've spoken to him a few times and always had a good interaction. He's also more clued up regarding the NOMAD, it's requirements and the general financial side of things than ME. Don't think I'm saying anything either of them wouldn't agree with.
Spot on red dot!
I've just stopped responding to him. There are logical lines of inquiry that I'm happy spending time on but not that.
Forget being a broken record, I think Guzz went into the vinyl shop with a jackhammer!
Great summary, and also great to reiterate that the monthly revs won't include (to the best of our knowledge) anything/very much from Gfin, a chunk of IGS, Fanzine and associates or anyone else were trying to get big contracts with.
Lost Money, I have a gut instinct you're going to be looking up ways to retract comments on LSE before long
Agree with you're options Hepseal
Agree with your thoughts and sentiments Arron & City.
Personally hoping that revs have increased. We have to remember that we're talking monthly increase here and not annual so if we're still increasing by 5-10% each month, that's phenomenal growth over the long term.
If I'm greedy though, I'd rather a monster contract with a Jio, Vodafone, Tencent, Gfin or even IGS renewal. If we won a contract worth millions, it would just dwarf whatever our monthly revenues are. It could instantly multiply our revenues several times over if we did.
Hi Runner,
Our revs were sitting at circa $150K per month at last count. We have since invested £250K in a company and raised circa £1M to fund capital costs of that agreement (deal details pending).
Now if we look objectively here, yes the timings of the placing haven't been ideal, however, since last October, the company has delivered on almost pretty much every promise and every venture it has entered into.
I simply cannot see us taking a £250K stake in a business as well as generating serious money to fund capital costs of a JV with that business (among others I presume) unless we believed that the outcome and ROI would be significant enough to return decent profits on both the investment and the capital raise within a year.
Most tech companies look for quick scalability (we know we have this), most tech companies in this specific sector aim for return on investment within 6-18 months maximum. I have absolutely no reason to believe we would be any different.
I don't have a specific definition of "chunky" at this stage however if we take IGS for example adding a minimum $720K over 6 months, where we have not invested in them and have not had to front anything like the initial startup costs (again only deducing here), I can't see them wanting Gfin to generate us any less than $1-1.5M per year.
Have a good long weekend folks.
Took the opportunity to top up another 577K today. Hoping we get something next week but happy to wait either way.
Faith in the company and BoD to deliver has never been stronger.
Provided rev update shows continued growth without the Gfin contract, I'll be happy. I expect Gfin to add a chunky amount to it regardless. And we've got IGS to consider too. Me already confirmed it was back-ended and it's also now nearing completion so I expect that to be a discussion they have soon about any possible plan for continuation.
Also looking forward to seeing what we can get from Fanzine, Huawei, Vodafone/India and potentially JIO and anyone else they are in discussions with.
I listened to the same presentation so I'm glad I'm not the only one hearing it that way.
I believe you are correct, the vast majority of NBs shares and his family from my understanding, are from real money and not in lieu of salary.
You may be right in the length of time it was known for. I'm presuming, given that we have the JV, that they were clearly in discussions of some form or another but I think it was literally a few days between their SP tanking and the shares being bought to support Gfin. I doubt we'd have known the true extent of the Gfin figures in order to predict a SP tanking like that.
Again, I may be wrong and I doubt we'll ever truly find out.
Placing aside, I do view it as commercial positioning. We now have a small hold over Gfin and that may help us immeasurably in the future in terms of contracts, decision making and hopefully an overall ROI.
Short term though, I'm just looking forward to whatever coming next and in whatever order.
Each to their own opinion and I respect that you feel that way. Obviously I disagree bit we both have our rationale
Make your own decisions, no point calling them W**Kers just because you listened and didn't make your own decision.
I seem to remember you say you sold some and bought in cheaper... I'd shudder to think how high we'd be if you hadn't lololol
Now away off and wipe you're nose, it's covered in brown
AreYouDoubting
Yes, it's exactly the same Guzzler who sees patterns in the 666 selling figures when it's likely him doing the selling just to create a talking point
#tinfoilhatcrew
I wasn't invested at the first pump so I don't comment on that. Sorry if I wasn't clear on that.
However, I still fundamentally don't believe the most recent placing was deliberately misleading.
As has been pointed out by parties on both sides of the fence here, AIM changes rapidly. I invested half way through last year knowing fully (its happened to me before in other investments) that if something happens at short notice and there is no decision time to consult with shareholders, then the BoD is going to make a call that they may think is the best decision at the time on behalf of the shareholders. The main reason I don't think they've been misleading is the amount t of skin they have in the game. They have done themselves just as much dilution as they jave done us. It therefore effects us all equally.
I've been in shares where the BoD has little skin in the game, takes a whopping salary and will create a placing to continue paying themselves a whopping salary. That is misleading. What MOS BoD did was not that so I respectfully disagree. Do you perhaps feel it was misleading due to the relative value of your investment decreasing and due to the sudden nature of the transaction?
You're the dimwit failing to understand a very clear set of fundamentals... who is really the dimwit here?
"Oh if it wasn't for citi I shudder to think where the SP would be" who is psychophantic again Guz?
Maybe invest in a mirror? Might be less stressful for you
Guzzler, You can get all defensive if you want but there's nobody on this board who likes to brown nose the BoD or Citi every so often more than you so do us all a favour and hop off that Shetland pony you call a high horse.
You clearly don't trust the board, you clearly don't trust the fundamentals here so why are you still invested?
I maintain, the fundamentals are still really strong, IMO, the board hasn't mislead us in the slightest, they have had a placing which, to them was the right thing to do and by investing in them, you trust them to do the right thing. If you don't like it, find a new share to moan about ??
Pick a side for once Guzzler.
I've seen tennis matches with less back and forth than your constant positive/negative swings!
There's been no playing of any fiddles from the BoD here I don't think. As I've stated before here and on other platforms, there was an opportunity and the BoD decided to take it. That opportunity cost money and the BoD decided not to burn existing reserves but to generate it from a placing.
Yes, I agree the timing of this occurring wasn't the best but at the same time neither the BoD, the company, its investors, Gfin or anyone else for that matter had any form of control there. You seem to expect the BoD to simply pull magical news out of thin air. Wake up bud and understand business just doesn't work like that. If you don't like the shape of it, sell up and take you whinging with you. It's as simple as that.
For the less volatile/more rational of readers, I still see huge intrinsic value here. I agree that in that I would have expected the Gfin updates out sooner than now but again, if its Gfin, legals or the sheer complexity of the agreement holding things up then there's nothing we can do there. For me, given how active we know the BoD are and how often they have gone out of their way to update us, I see this current quiet period as a massive plus. This means something is happening. Whether it's one massive thing or a number of decent contracts, I have no idea but this silence is convincing me that news is coming, more than just rev related and that it's going to be a biggie.
No insider BS, just reading what I'm seeing in front of me.
I sense a fast backtrack and an easy way out Itacon...
I reckon you think youve got a source but don't want to be labelled as ramping or an insder lololol
I expect the company has exposure to a lot of different elements in this overall online industry. There is plenty of tech that can use NFT and blockchain tech for alternative uses than the popular images we see online right now. As long as we are diversified, I don't have an issue with it.