Member Info for Walkley

Pearls says: "the market is simply starting to value the company as a growth stock following the stellar Q1 results" The "stellar Q1 results" gave a turnover of, being optimistic, £1.5m - Cirata quarterly RNS updates for some reason don't actually give turnover figures -but the latest $2m deal was only worth £160k each quarter and the other bookings only totalled $1m -without saying over how many years . If this years turnover is £8m (5 years ago was £10m) with costs of £12m why would anyone value the business at £50m?

The increase in the share price to only 44% below this time last year (was 58.5p then) looks similar to the chart early in December last year. If that was caused by expectations of the renewal signed at the end of December, is the current increase due to expectations of significant (over $1m) contracts. Will need some big contracts worthy of RNSs in the second half of Q2 to hit the more optimistic posters' targets.

"The Company's dividend target offers an attractive c.12% dividend yield which is fully covered, representing one of the largest dividend yields in the FTSE 350 based on the Company's closing share price on 14 May 2025."

Without an RNS he would have been unable to say anything that hadn't already been issued to the market.

"Fantastic Q1’25 - Best quarter since 2019" says it all If the tech was so wonderful why is it taking so long to be recognized? Q1 2025 only looked OK because of one renewal and that over 3 years. Q2 is likely to be about 15 small contracts with a total of $1m. But you all must be way under water - if you have been buying as you say you have been . Care to share how much?

Someone asked "Do you see them moving into positive cash flow in 2026 to such a degree that dividends will become possible?" Cirata has retained "earnings" of minus £259,840,000. Dream on, until these retained earnings are positive they cannot pay dividends!

Revenue of $180.9 million

• Year-end cash of $54.8 million; net cash position of $12.6 million.

• Borrowings of $41.4 million; total debt / adjusted EBITDAX 0.5x.

• Adjusted EBITDAX of $90.9 million and profit after tax of $49.8 million.

Leigh Creek sold (hopefully) £4.5m plus 19% of the purchaser if I have understood the deal/

Happily I met a very long term holder in the pub last November so my average is under 7p. How far can it go -30p??

"Pretty much all buys today, good momentum building ahead of results which is great but this is a long term hold and bigger gains will be made later in the year." Spratt on 10 July when the shares were 56p

Hardly a start up. Cirata’s turnover 5 years ago was £10.53 Last year £7.68.

The RNS, as with previous RNSs, refers to bookings which is the total value of the contract not the turnover. Turnover is recognised as the contract is delivered. Ask Cirata who is right. Why should a loss making business with less than $20m turnover be worth more than £20m??

From the RNS: 2025 Q1 1 renewal at $2m (over 3 years),13 other contracts worth $1m in total (average $77k each). Compares with 2024 Q1: 17 contacts signed worth $0.7m (average $41k).

That large renewal is doing a lot of work! Market cap of over £20m is in my opinion still high.

Just a shame that ordinary (small ) shareholders can't participate. Did look on ii but nothing there. With Cobre we at least have some cash coming in to help fund Redmoor.

Production of 90,172oz of gold (Au) and 3,511t of copper (Cu) at an all-in-sustaining-cost (AISC)1 of A$2,126/oz Au.

§ Gold production was 21% higher, and AISC lower than Greatland's initial pre-acquisition mine plan (Pre-Acquisition Plan) quarterly average (74,800oz at A$2,203 AISC).

"Just taking the recent IBM deal and the retailer win announced at the end of March would alone give you USD 4m of turnover! " Well as the deal at the end of December was over 3 years the turnover for this year from these two deals would be $2.66m. Am not sure what the turnover in the quarter would be - perhaps $750k? Depends on how much is up front. Also prospect of cash flow break even by the end of the year would be met if turnover was be $4-5m in Q4 rather than breakeven over the whole year.

Or as the note says:

"The net foreign exchange gain (2023: loss) arose predominately on sterling-denominated intercompany balances in a US dollar denominated subsidiary. These balances were retranslated at the closing exchange rate at 31 December 2024, which was 1.25, a 2% depreciation of sterling compared to the rate of 1.27 at 31 December 2023. The gain on intercompany balances in the Consolidated statement of profit or loss is offset by an equivalent exchange loss (2023: gain) on the retranslation of the intercompany balances, which is included in the retranslation of net assets of foreign operations, included in the other comprehensive income."

So a gain in one place is balanced by an equivalent loss elswhere!! I repeat why no interest?

Just looking at the accounts -if the company had $9m at the end of the year why was interest received in the year nil?

Tempuite to be advanced in parallel with the Pilot Mountain project. May be the only blue share today!!

I may have missed it but couldn't find any announcement of a lifting of the suspension. Now that accounts are up to date there is no need for the shares to be suspended. Not sure if we will like the share price post suspension though!