Member Info for Tulsatel

Thats what the accounts state - strong working capital
(balance sheet).

They were both RNS Reach type notifications. Information and below normal contract values for the main RNS type.

No Covid loans. No bad debt. Company Debtors pay within 60 days and that £1.6m nett increase in cash safely in the bank now.

Yes. Short and sweet. 'Extremely busy'.

Absolutely. Spot on. No placing required for UK growth.

Agreed Sea and others.

Not much change for the last few presentations so must be looking to the wider audience I think.

There will be jam tonight but no cream for the scones.

A bit Pythonesk. Nudge nudge, wink wink, know what I mean.

Wont be dialling in. Look forward to the summaries.

J. Agreed.

No bad debt.

End June £0.4m in cash and £1.6m nett increase in near cash within payment term timescales. No placing for normal UK contracts and assuming no MSCs.

Accounts dont lie.

28 June results:
we are assured that we will be able to move forward with them in a concrete manner within the next three months which would still be in line with targeting commencement of drilling in the latter part of this year.

Due an update this month?

For the uneducated:

Keeping track of your debtors is essential for making sure you get paid correctly and on time. Likewise, getting this money into the business will help you pay your own creditors within their payment terms.

You are clearly a simple sole. Indeed the cash burn was just £500,000 over last 6 months and money owed to the company (debtors to us) is greater than what we owe others. Therefore working capital is strong:

Cash balance as at 30 June 2022: £0.4 million (30 June 2021: £3.1 million, 31 December 2021: £0.9 million). The group also has overdraft facilities which were unutilised at 30 June 2022. We are pleased to have secured UKEF for projects and working capital continues to remain strong with debtor balances at £3.7m vs creditors of £2.1m.

Yes have read Klafs, but both salts include mechanical crushing of salt.

Anyway, lets see if Bell can do something for the sp later this week.

Viktor was very positive but that was +18 months ago now with those trials then. Ok, sure, some more trials now, and shakers in pipeline, but others here say using micosalt without the R elsewhere, is a concern, to me.

Bell had their interims 6/9/2021. Assuming they are due this week but cannot see anything on their website.

Sadly frustration sometimes gets the better of me. However the questions overall remain valid I think.

On Guident I just wonder how many units or vechicles are in scope at Jacksonville. Slow start, charging methodology, number of 'playstation' staff etc. Ifs and buts.

Ok. In house broker assessment. Just as bad given 66p and now 49p targets.

We are 2 IPOs down and the sp is 40% down over about 15 months.

TEK management is now an expensive overhead given the last 2 companies have their own management.

Lets hope Bell can raise the sp by 1 or 2p this week. I am not going to bother with the jam on Tuesday. They cannot say anything material without a RNS.

Yes. I am beginning to see the business model unfold and the Lucy example makes me critical of current Tek management and the absolute rubbish they spout. All that talk of special divis is some way in the future.

Another rubbish session of how great things are without any substance.....is next Tuesday. Yet everyone here thinks how great the management team are! What?

Indeed woody. UK is the best place for sustained growth.

All 4 companies have a loss on operating costs.

The only profit in the book relates to increased book value for self assessed NAVs!!

I am more than happy to support a placing for exponenial growth in the UK market. No problem with that.

Yes, I was refering to Tuesday the 6th.

TBH, BP may not be far off here. Currently Bell is £14m and Lucy £12m in share cash value.

That leaves £11m at current Tek mc for both Micro and Guident where we hold 73% and 90% respectively. In recent times the value was closer to zero given heavy discounting of self assessed Navs.

21p on no news might well be fair value. You can make your own minds up here.

I think Bell have their interims due next week. Looking forward to that.

As for the 6th presentation, it will be more of the same. Hype with hope but little else. Even microsalt without the R are making in roads to the wider market.

Please re read the RNS. Same value as the earlier one.