George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
They have gone from a 4.9 million operating loss, year end 22 to a 6.1million taxable profit, depreciation added back in ,before capital allowances end 23
you will see its the fair value adustments relating to share based contingent consideration of 6.2 million that muddied the waters year end 22
Hi Everyone a few points to make
Depreciation is not a tax deductable expense it is deducted from the operating profit but added back on the cashflow it is just paper accounting to show you the theoretical cost of owning a asset as it depreciates over its theoretical life ,when their tax liability is calculated by HMRC this would be added back in so they would have a tax liability after finance costs of 4.130 million
2 They didnt need to put cash aside to pay tax they already stated they have 6.1million to set against tax liabilities
The fuss has been over the depreciation being spread over a longer period improving the PBT on the accounts but it is irrelevant really ,it never made sense to spread these costs over short period.
3 they spent 6.9 mill on plant and machinery[growing the business]
4 spreading asset depreciation means they dont think they will need to spend as much on renews/maintenance which is good for us
You have to understand they are investing most of their generated cash into the business its not going into our pockets anytime soon only to grow the business, some have said they might need additional funds to grow the business quicker, the jury is out on that one
I would agree with that but there are 2 issues here the non payment of invoices due, and the contract agreement, not paying the invoices due is a real own goal by Azerion ,says a lot about the sort of company they must be, not impressed as a company director myself ,they said it wouldnt go to court between Nanoco and Samsung court case starts the 9th, I think? hope you are right if this drags on cant be good for bidstack? we are not talking about 2 multi nationals here Azerion will know bidstack are not profitable yet and couldnt fund legal action without third party involvement and will try to use that to their advantage.
Not sure about the costs helix 2 a local farmer ended in the high court and it cost him more than that!!! my advice would be wait and see if they get third party funding for their court costs. Their is no dispute Azerion have to pay the invoices due, would really go against them if it ever ended up in court ,i cant see them taking Azerion to court without third party funding, if they got it ,it would be because the third party funder thinks they would win damages far in access of the 3 year deal ,also we would need to know how bidstacks cashflow would be affected by these unpaid invoices, the whole process could take several years
There is no doubt Azerion can use their size to their advantage here, but they are playing a dangerous game, the non payment of invoices due is a big mistake shows they lack understanding of due process and if it ever went to court retaliation never goes down well with judges, they would in my opinion pay these invoices if it gets that far, The costs side of things is interesting, Nanoco at the moment are taking samsung to court in the USA for infringement of their ip which has been fully funded so Nanoco have no legal fees, samsung were trying the same trick thinking Nanoco would run out of cash before it could be brought in front of a judge, will be interesting to see who blinks first.
Hi all havent posted here for a while interesting posts, some with no factual base what so ever!
as far as a raise of cash for working capital this is what we know
raised 10.2mill net july 21, they had nearly run out of fuel!
expected cash was in line with market expectations end of December 21 at around 7mill
last full year accounts published were ended December 20 we can see net cash used in operations was 6.1mill
unless they buy another business or their overheads rocket it seems they have plenty of cash for this year and this doesnt take into account any of the new deals updated to the market in December, the last full years accounts were out on the 26th march last year so expect it will not be long, these will give us a better understanding of the road to profitabilty, depending on how this new deal is accounted for, it will potentially eat well into those overheads ,any forward guidance here will be crucial as we already know where we are up to end December, I will decide after the market update whether to add here, all the best everyone
what an absolute shocker, revenue expected to be approximately 2million ,less than last year, they do have plenty of cash but until they get their overheads under control and sign some multi million dollar contracts the future looks bleak
Hi sensetalka agree with a lot you say, when john came in he transformed the company by reducing losses by %50percent the first year, he has got rid of the small margin parts of the business , grown GDM, and expanding through acquisitions , they have stated they will be profitable for their year end june 23 which starts first july 22!!! , half year trading update should be the beginning of feb, we all expect that to be very positive and the share price to move forward, eventually the fundamentals will be reflected in the mcap good luck to all holders for next year
Hi ,have i missed something on the arrival webinar 8th November they said van and bus production start date remained the same, trackwise havent informed the market that the orders have been cancelled, does dusterinmong have inside information or has he more sinister motives
Results only are only backward looking you have to understand the way John is transforming the companies business model,the gdm is where the focus is now revenue up from 300grand to 1.6mil ,sort to medium focus 50mill users projected revenue of 15mil
not sure what game you chaps are playing but we already know where the financials to 30th june will be , as we had a brokers update after the years end, according to that, their financial year june 21 to end june 22 would be the last year we make a loss of 700grand ,results only tell you what happened in the past their forward projections are what you should be interested in
agree Tufftrader you buy into the business and forget about short term share price movements but i cant imagine the business being worth one day tops of 10billion pounds ,have 1.5million shares and would be more than happy to see 50pence within the next 10years all being well
Dont think i would take part in any fund raise at 2p! feel sorry for everyone here some of you will need to see bids valued at 100mill and over to even get your money back!! looks like GFIN all over again without the happy ending!!!
The tech is transformational for the observation ,early detection, diagnosis, treatments , of pulmonary conditions, if you havent already seen it there is a good presentation from june 2019 on the tech on their web site.[must see]
points to make,
they have raised enough money to commercialize the tech
the xe-129 gas will be supplied by polarean and a condition of the sale of the hardware ,the gas has big margins
the ceo has already stated they will rapidly break even after fda approval,
end year accounts published 4th june ,going concern we have enough cash for at least a year after the publication of these accounts and for the foreseeable future
The potential is huge here not just for pulmonary but other areas dyor it could transform your portfolio
yes I think we can all agree which way the cash is flowing but to invest we would need to have a better idea of what we think is going to deliver the revenue growth we need now the software has been developed , would it be the mobile game advertising side of the business
should be up to 38m and 54 mil sorry for that slip up
hang on chaps edison 5th may rns
The site will provide additional capacity for medical sector as well as the previously announced order worth 38m over 3 years[now 54m over 4years]
also states expansion into this site is critical to meet production requirements for ev
interesting arrival have started trading on the nasdaq!
pokerchip i agree with your assumption that bids is certainly worth more than 6 mill although non profit making companies at early stage are hard to value 2 to3 times revenue plus how much would it cost you to set up bids from scratch to where it is now would be fair, we can see that broker advice is now 4mill down from 9mill how much is that down to covid ,what has changed etc, ,going forward we some answers to these questions ,there will always be doubts over a ceo who over promises and under delivers .
was only offered a few at £2 not worth bothering with as far as revenue coming in ihalliwell they have already bought another faciilty and are kitting it out ready for production which is good enough for me