Verditek Share Discussion Threads

[1teepee] 24/9/2020 11:54

Any big orders for much lower?

[1teepee] 24/9/2020 11:45

Any level 2 input would be appreciated?

[meaty] 24/9/2020 10:52

Yeah I know that scrut but just wondered if anyone had seen a pic or vid of these final product formats, just out of interest.

[rogerramjett] 24/9/2020 10:27

Presenting another very good opportunity to get in or top up.

How can the price drop on further confirmation of new large target markets being penetrated.

It like 2 + 2 = 🐟

[wuzy] 24/9/2020 10:19

As l said earlier this will close well up.

[astralvision] 24/9/2020 10:14

Great announcement this morning, well done to all at VDTK.The foundations of a very successful business are being laid down.Onwards and upwards!

[rogerramjett] 24/9/2020 10:07

The price action does not make any sense. Does this look like a company that is in difficulty? NO

It looks like a business that has multiple markets to sell it products into and is gradually taking off.

The order size this morning is irrelevant, its what comes after.

[volsung] 24/9/2020 09:32

Could be some support at 6p

[weyweyumfozo] 24/9/2020 09:01

Paul Harrison stated in early June 2020 that Verditek had been talking to Australian mining companies.

Discussions would have been about four/five months ago. That seems like a reasonable time period for a company's tender process, from sending out tenders to approving submissions. I expect more commercial orders from the Oz mining companies to come from now on.

There are probably a few traders taking profits this morning after buying a couple of days ago. People who sold due to stop losses being hit may wish to get back in now.

[weyweyumfozo] 24/9/2020 08:51

Meaty,

I believe they stretch out of a container on a concertina type mechanism.

[meaty] 24/9/2020 08:44

Good news, although the market hasnt blinked.Has anyone any knowledge of the powermat or power in a box formats? I dont remember reading any details about them other than in an rns. Ta

[erinvale] 24/9/2020 08:39

SP down by just under 2%. Unbelievable - shorters at work!

[wuzy] 24/9/2020 08:37

This will definatly end well up at end of play today, great news for reasons stated by others here.

[shedjock] 24/9/2020 08:33

Not huge..... but great nonetheless. What it does go to prove is that the market is here in sunny Australia and that the scope to expand the business in the mining sector is very promising. "Our stated strategy is to target verticals in the oil & gas, marine and mining industries" There are an AWFUL lot of mines already built and producing and an AWFUL lot more being built, due to the very strong demand for PM's. The sector is enormous here, with dozens of ASX resource sector announcements every day regarding new drilling and resource finds. Even though fuel is comparatively cheap in Australia (retail diesel is currently $1.18/litre in WA - 65p), the motivation to change to solar and incorporate it into a hybrid system is present. In other areas of the world, where fuel is more expensive than here, the motivation must be greater. There are literally hundreds of mines in WA alone, and although this one is in QLD, the potential to power a number of them to provide a material return looks promising.
Aligned with the fact that the company takes a stage payment up front, making life easier on both the cash flow front and demonstrates the commitment from the customer, (As we know, this may not have happened in the past), it gives me a warm, more optomistic feeling.
I'm sure that this will be the start of a successful forage into the Australian oil, gas & mining sector and we will all reap the rewards of the excellent product that VDTK have.
Good work Verditek team & RR. From small acorns, large oaks grow etc etc.

GLA

[the yard] 24/9/2020 08:10

Good luck mate, be hanging on to mine for a fair while

[stevieweebie2] 24/9/2020 08:01

Have just taken my profits on mwg.

[the yard] 24/9/2020 07:49

Not one to ramp, but check out SKIN or MWG. If not in a least have a look. Have developed a breathalyser for Covid.

[mcfly79] 24/9/2020 07:47

I believe Verditek take a payment up front on orders and then further payments before shipping. This is confirmed in the RNS today which states that the first stage payment has been received.


This means that the company can scale up sales quickly within running into any working capital/cash issues. It means they are definitely cash flow positive from the orders (without the build up of receivables balances you often see in companies ramping up sales).