We need much much more in 24Hoping for sustainability with a view to viability.
Yes, South Africa is good news. However, its just another piece of kindling (read potential) on a growing pile of kindling, not unlike the past 3-4 years and longer of good news. You know the drill and the buzz words - like drench technology, drones, Mexico, Switzwerland, US patents, and on and on. If you are a fan of BEE like me we can name each piece of kindling simply by reviewing the long list right here in this forum if we need reminders.
Intellectual Property - IP is strong and South Africa makes it a bit stronger.
But
We need a flashpoint.
Bee desperately needs to ignite this growing pile of kinding because right now all it is is potential and I believe we are running out of time and capital. I know we just secured capital but its expensive - 15%. That should tell us alot. It indicates to me that the 'street' is still willing to capitaize the business but the 'steet says "it will cost you 15 points". And BEE must accept this expense because thats BEE's going rate to carry on.
This is professional business assessing BEE and saying yes theres still a chance but "show us". If this latest tranche of financing lasts us throughout the year and BEE does not deliver anything more than just additional Intellectual Property (potential) do you think the street will refinance BEE at a higher or lower interest rate next year? We know the answer.
And so at some point it becomes unsustainable. And that future date is coming closer if something does not change. Simply growing potential does not benefit current investors. It would profit a future vulture who comes in and claims all the IP at pennies on the dollar, not you and me the current BEE believers.
Management says they are creating 'investor value'. Well, I am suggesting that investor value only really takes place when we realize a profit.
IP is strong and growing stronger. But at this point it is simply unrealized investor value - potential - nothing more. And you can't eat potentail. Its really nothing at all if profit is never realized.
I am holding onto hope that this year sees a real turn around - positive price movement AT LEAST into the dbl. digits, Management buying BEE stock as an expression of confidence and acknowledgement of a profitable investment and not just this 'investor value' nonsense.
We need the fire to get started.
We need sustainability.
We need much much more in 24
GTLA