undermined by the foolish optimism repeated again and again over the legal case with Diamond Wood. Niaive on behalf of management to imagine that anyone other than lawyers would gain. Lesson to us all to avoid resorting to legal proceedings if humanly possible. A recurring theme in dealings with China is the need for eternal patience. Things just dont happen in the timescale you hope for and trying to force the pace just doesn't work.
13 Aug '14
Interesting rns. Nothing on losses, we should be expecting some more cash outflow from the settlement of dw legal costs I think, revenues starting to pick up strongly, backlog strong. Feels like around the final quarter of this financial year the company might be cash flow positive....back of fag packet calc mind you
9 Aug '14
Agree with your observations Rye but would also add that in spite of the recent RNS regarding the arbitration tribunal delivering it’s ‘First Partial Final Award’ we are still not out of the woods regarding the Diamond Wood issue. DW have stated that they “look forward to restarting our operations under the licence “ whereas Accsys is “currently reviewing and taking advice in respect of the Award, including its rights of appeal “. I think we still need to wait for this situation to be amicably resolved in order that the positive newsflow can have the desired effect on the share price.
8 Aug '14
Unless I've missed something (always probable!) I doubt Russian sales are material....said before I've seen Accsys move before an RNS so wouldn't be too surprised to see some perceived negative news. Still we saw a strange trading that drive the price down recently and I suppose a large seller offloading would see the same happening again... Total guess work but no matter a disappointing move south..could be a buy opp but recent trend is far from postiv
8 Aug '14
It's the Russian situation I believe, and a general 'sell off' of any company which might have Russia as an export market. I see this as an opportunity to buy a few more. Long term prospects are still good. All IMHO of course.
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