Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
"....PMG has already committed to double revenues each year from 2022..."
Apologies in advance for the party-pooping. But I believe PMG has committed to "OEM" license revenue doubling each year - not all revenues.
At the moment OEM license revenues are a small part of the annual figure.
Guardian figures are very unlikely to double as the rate of increase is limited by the installation rate - 30% would be a good figure here I believe.
Alway a good chance of revenue from a left-field contract or license now as the requirement for the technology is becoming unstoppable. So perhaps Revenue will double - but not from organic growth imho.
Courtesy of "bones" on ADVFN Bulletin Board.
The EACTS presentation appears to be set for 08.42 tomorrow (Friday 15th):
https://eacts2021.process.y-congress.com/scientificProcess/Schedule/?setLng=en
Click the Friday tab, scroll to 08.15 - 09.45 session called “Searching for options to improve the aortic treatment” and head for the 08.42 item. There is a PDF of the presentation with graphic pictures of a sheep operation, should you be interested!
Or they don't have any newsflow because the big fish they are dealing with (coal) move at a glacial pace.
The Gold silence is less easily explained as this seems to be within their own control to decide how to exploit.
Brockwl,
"Recurring Revenues" as far as I can see is a term they use in the RNS but it is not used in the Accounts.
In a 31 March RNS they say ....
o Annualised Recurring Revenues including royalties of A$15.5m, representing growth
of 17.4% (H1 2020: A$13.2m)
So it includes "Royalties" - but these are not defined.
The best place to see the breakout of Revenues is in the notes to the accounts were they break out revenue between "OEM" and "Aftermarket" and also within each of those specify the revenue from Hardware/Installations, Licensing, Driver Monitoring, Non Recurring Engineering, Etc. It is generally Note 6 or Note 7.
terry, redindi, I have no wish to rain on anyone's parade - we have got some great news for SEE.
I just try, where I feel it useful to other PI's, to be as factual/accurate as possible - and not very often.
" Hardware is A$2000 unit
Monitoring A$60 month
Installation by Distributor is $500 on top of $2000 "
terry,
These figures are demonstrably incorrect - they may have been correct some years ago.
In 2020 Driver monitoring Revenue was A$9.8m. (Note 6 - Financial Report)
They started the year with 16,000 units installed, finished with 23,415 - so a rough average of 20,000 units over the year.
Monitoring revenue per unit per month - 9.8m / 20,000 / 12 = A$40.8 per unit per month.
Hardware / installations revenue was A$12.13m. (Same note).
The number installed during the year was 7415.
Hardware Revenue per unit - 12.13m / 7415 = A$1,636 per unit.
However they also had 3371 sold, not installed at year end....
So revised Hardware/Installation revenue per unit - A$12.13m / (7,415 + 3,371 units) = A$1,125 per unit.
I'm sure my numbers could be tweaked a little one way or another but they are essentially correct and have not significantly changed since we last had this discussion a year or so ago.
From the accounts the monitoring cost per unit per month seems to be about A$ 38 per month.
Hardware Revenue per unit approx A$1,200 per unit (there would be minimal profit in this as it is a pass through of the hardware cost from the supplier plus installation costs))
It would be nice if the radio silence was broken.
Last coal comment 25 Aug - in discussions - update in "near term" whatever that means.
Prior to that - 14 May - Coking coal bulk samples being extracted for testing by potential customer - no update on extraction or testing since.
Great potential but lets see some real movement.
Ditto for gold project.
Agreed sajy, getting the grafts and patches approved will validate the company hugely and bring it to a far wider audience as well as opening up revenue streams. The heart valves will be the icing in a couple of year's time all going well.
Cheers, luckyorange.
There is no official denomination of "potential Resource" so I think this 1.2bn mt should not be included when discussing the resource.
They may not know exactly what is there until it is is dug up but it can be moved through "measured resources" to "economic reserves" through further drilling and sampling.
I guess they are happy to move directly to offtakes and mining without this further investigation.
Just for factual info....... (As far as I can see from website and RNS's).
Happy to be corrected.
Lubu Coal estimate is as follows - (70% of this is owned by CGO.....)
" In situ NI43-101 Resource of 702Mt (Indicated) and 510Mt (Inferred)....."
Mineral reserves (or ore reserves) are resources known to be economically feasible for extraction.
There are no official "Coal Reserves" here yet.
A 'Mineral Resource' is a concentration or occurrence of material of intrinsic economic interest in or on the earth's crust in such form, quality and quantity that there are reasonable prospects for eventual economic extraction. Mineral Resources are further sub-divided, in order of increasing geological confidence, into inferred, indicated and measured as categories.
"Inferred Mineral Resource" is the part of a mineral resource for which quantity, grade (or quality) and mineral content can be estimated with a low level of confidence. It is inferred from geological evidence and assumed but not verified geological or grade continuity. It is based on information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes which may be of limited or uncertain quality and it is also reliability.
"Indicated resources" are simply economic mineral occurrences that have been sampled (from locations such as outcrops, trenches, pits and drill holes) to a point where an estimate has been made, at a reasonable level of confidence, of their contained metal, grade, tonnage, shape, densities, physical characteristics.
"Measured resources" are indicated resources that have undergone enough further sampling that a 'competent person' (defined by the norms of the relevant mining code; usually a geologist) has declared them to be an acceptable estimate, at a high degree of confidence, of the grade (or quality), quantity, shape, densities, physical characteristics of the mineral occurrence
There are no official "Measured Coal Resources" here yet....