Off the charts now, monumental fall considering the RNS but 75% lol...AIM market these days..lowest of the low...BoD should be snapping these up first thing and show market confidence! |
You would have thought they are reaching the point where they are very vulnerable to someone making a low ball offer,..GL S |
They need to sell running out of options here |
Cavendish have once again placed their forecasts under review. |
If they have to raise cash, they'd better just get it over and done with, and raise enough to give themselves enough of a margin in the event of further delays. Glitches here and there and further testing are par for the course when developing some new technology. What I'd like have is some visibility as to how quickly revenue could be expected to ramp up, but that's unlikely given that the company itself may not know. |
EezyMunny - 25 Sep 2024 - 09:16:49 - 2265 of 2312 Enteq Upstream plc - NTQ
"The significant majority of these speculative cash burners will dilute you to death"
If you didn't see this coming, maybe try researching Premium Bonds? |
Poor trading update and further Engineering/procedural modificatiins required, which will drain the cash. Clearly, more dilution coming and s slap on the face for current shareholders. |
hxxps://www.linkedin.com/posts/enteq-technologies_enteq-technologies-marks-milestone-year-with-activity-7151504841087795201-Ozk1?utm_source=share&utm_medium=member_desktop
Deja vu (again!) |
We can see from the action today just how excited everyone is about it. :) |
Notice the people who like the Linked-in post inc Haliburton Country Manager. |
The claim of "disruptive capabilities" for the SABER technology caught my eye.
One can but dream.
Some positive reliability data would be a great start though. |
"2025 will bring exciting developments in the commercialisation of the SABER tool........"
Enteq linked-in post prediction about 2hrs ago.
Management have a lot of skin in the game.
Notice "will" in the post. |
Hopefully, the new year will start with an update on how the December potential customer demonstration at the industry test facility in Catoosa went. |
The replacement Interims have had to be replaced! |
Somewhat embarrassing that they had to replace the original Interim figures.
Maybe the "Business Class" level of finance support that Law mentioned in the March 2024 presentation is more Ryanair than Emirates. |
So about a year's worth of cash left at the end of September. The blindingly obvious question is whether revenue will ramp up fast enough so that no further fundraising is needed. |
Product ready, marketing in place, sales next.
The base case is now in, sales to follow and a build up of pipeline (pardon the pun).
12 months from now and there is a good chance we look back at this as maximum darkness before dawn.
It's all risk but it works and there is demand.
Dyor etc, only take part if the risk doesn't cause you excess stress.
GLA. |
Yet more "jam tomorrow" messaging from NTQ.
$m
Net cash outflow in 6 months to 30 Sept: (1.9)
Cash raise (after expenses) post 30 Sept: 1.8
Assuming the same rate of investment in both developing the tool and increasing the tool fleet, the $1.1m Sept cash balance will not last long without significant trading cash inflow before 31 March next year. |
Crikey it's slow progress here. Some revenue for preparation, but "commercial operations" and associated revenue seem to have slipped into next calendar year now, still waiting on "active trial drilling" leading to the customer drilling 3 wells. |
Interims now overdue by approx. a week when compared to both 2022 and 2023.
Let's hope the delay is due to being close to signing some commercial contracts in order to announce at the same time! |
Shame we had to sell the family silver (MWD) in the US.
With 'drill baby drill' being the new MO it would have been a good earner for us.
That said, I agree it should be positive for SABER. But this company moves at a snail's pace. |
Overdriliing may occur in US under Trump. Can be bad for oil price but few can afford not to join in.
What happens when you have to dance with everyone else but the price of your output falls?
You have to become more efficient at dancing. Might be positive for NTQ? |
Can't be too far off first orders confirmed. |
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