Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Recently under promise under deliver. However I believe that $6m revenue this year is still on despite the company suggesting that some will roll to next year.
I think that as far a Tarana goes I know more than they do about pipeline.
My post from 1st October
Tarana wireless 01 Oct 2021 20:29
I have been digging around for information on the Tarana deal and these are my findings.
520000 connections since April.
1400 base nodes installed or projected for 2021 globally. Connections will rapidly increase as new locations come onstream.
Expected revenue for Ethernity at current production around $750k 2021. Headline cost around $500 a unit.
Ongoing income. Yes but I can't get guidance on it. Over 5 years I expect each installation to realise $1000 to Ethernity.
Exclusivity. No but it's a adapted solution on a unique product. Ethernity has many SoC connected globally.
I have a very excited contact in California who loves to tell me how awesome the kit is and how they have multiple engagements that are very close to deployment.
Watch out for the satellite link up coming soon that will also involve Ethernity backhaul.
This is why I don't get the placing now
Tarana has just started. This week they will announce a global distribution agreement to engage all those smaller providers. Tarana will manage the multi million subscriber potential networks of which globally there are many.
This is a absolute game changer. The tech has been proven again and the results are miraculous. Enough to divert deployments like RTA which are ongoing.
Why didn't they project it? It's out of their hands so how can they project it. They respond to orders not enquiries. Tarana may tell them about pipeline but that's not orders so how can they pass that on to the market.
I posted here two weeks ago about the 500k in 6 months. I also mentioned the number of base station nodes projected for this year. I also mentioned the big deployment in the US which is immediate.
The unit value is $500 plus an ongoing payment which amounts to an additional $500 over the next 5 years.
https://www.lightreading.com/5g/rta-taranas-tech-game-changer/d/d-id/772534?
https://www.businesswire.com/news/home/20211004005298/en/
Here and many industry sources.
I am surprised that nobody has mentioned the new Tarana contract I flagged two weeks ago.
Deployment starting today across 21 states in the US.
I don't know how such an event doesn't get discussed here.
I have been working on this for a couple of weeks and can tell you that it will produce around$6m for Ethernity over 18months from just this deal.
The point is the timing of the placing not the validity of the requirement. It's not looking at what is happening to the share price and taking a strategic perspective.
It's about releasing information only when they need something. The future is just the same.
It tells me that there won't be significant revenue until H2 22 or why else would they do this now as they should have cash in hand by the time they need it.
So last time they waited too long this time they were too early and weren't watching the market.
Simple bad timing.
Spike to 54. Yes it was a spike because of the placing otherwise it would have been a sustained rise. Clearly the 100k seller from 41p for 900k was just washing their shares into the placing. They sold some at 48p. Easy money if you have 35p shares coming.
So Dallo what you are saying is that they made an unfortunate mistake that has devastated the share price and reversed a rare strong rising trend.
Yes financially positioned for the next stage so as previously stated late 22.
As we know Ethernity are not a hardware company. Component purchases are an ongoing thing but the cost of fpga is very modest.
As I said at the time there is a missing piece of this jigsaw as Ethernity do not need cash from what we know and very soon will be cash positive
Too early to judge. The share price was 54p the placing was 35p. Whatever they do with the money it doesn't matter. The placing was set at a heavy discount in a rising trend for money they apparently don't need immediately. Surely waiting for the trend to advance and placing at 50 was not beyond their imagination.
No surprise to see it below the placing price this week. No bounce, no pulse and dead in the water. It's a sad situation.
Poor decisions and poor outcomes.
Yes it will turn up again and yes the investment case is overwhelming but the rest of this year we'll pay for this poorly timed madness.
Although the prospects are much better I still believe that £5-10 will be the max range. That's because of the dilution.
This is the AIM and absolutely anything can happen. I believe that$25m revenue next year and $50m the year after will do it.
The presentation was clearly to soften the blow of the ridiculous placing price. They have had months to deliver the presentation into a hungry market but they deliver it on a 30% drop. Rising trend wiped out not supported or fuelled as a presentation should do. It was a total waste of opportunity and clearly demonstrates that they only bother when there is something in it for them. They wanted shareholder participation in the placing so produced a presentation.
I see exactly how their minds work and expect very little creativity.
Ethernity FPGA based solution is so efficient with offload of functions from the CPU to the appliance that 100 Gbps of forwarding can be achieved with one core instead of 20.
This is highly relevant as it saves Capex, space, power and ongoing costs.