Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
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The value being 4 times the first project as additional opportunities identified in the trial period. No idea the value of the contract however it is a step in the right direction and opens opportunities for large scale project in USA IMO.
I am see a steady accumulation of shares and feel that there is much more to come from MNO therefore I still hold for the +20p or even 50p buyout by Esri Inc which is AIMO.
Hard to put a value on this one, Contract wins have been coming all year. Love todays news. Looks to be very scalable. Part of my future portfolio as its A.I. Will leave it in the SIPP for years the way it's going so far. Did top slice when we got a speeding ticket but it didn't have that much effect.
The contract announcements from this company are often ambiguous! Today’s announcement is a continuation of a project to prove and expand the functionality of automation software. It is unlikely to be of any significant value even if its 4x the previous figure. However, this is very useful to MNO and much needed. Afterall, they need revenues / grants to advance the IPR they are building.
Investors (not day traders) need to be very wary of this management team, they have a very poor record of monetarising on the ‘valuable IPR’ they buy / create. The Chairs current strategy, involving moving a loss making drone surveying business into a ‘ subscription software & services business’ will be a challenge.
Been following all year since after the change and they seem to be doing pretty well with worldwide contracts. Was very high risk at the start of the year at 2p but they've come a long way since then with the new business. Contracts from Oz to Japan and now UK with Network Rail. I'd say after the very bad news on the software side they've done well. I know I've done well holding them this year. GL
Booky, looking at the charts I think I will hold off buying until the fall looks like it's slowing down.
tyla,
how the charts looking?
I expected a gradual fall back to the 11/12 range until the next meaningful news so the rise today is a little surprise.
I suspect a little accumulation going on and we may just see the ATH being hit again before year end.