Ok Ian as our imaginations are doing niether of us any favours today, i have been here since the LOI, I have no issues with the sites I saw, who they were linked to or the potential they indicate whether complete or not, my posts during the times they were revealed praised there existance and still do, I was not infering they where mock just they are the smallest of any company's outlay in relation, apologise if it sounded flippant, I can slang it to make a short point sometimes, this isn't a cakewalk for any of us atm
I have only beem here 7 months, dont be offended, you have been here - what 4 years? And heavily underwater no doubt...
I can only go on your posts since arriving... you are 'anxious' so that makes it probable the web sites have just been thrown together as they cost nothing to put up.. a ruse, a con, another way to fleece the pi.
Check your posts, have a giggle. And you are invested here???
Do you mind if I explain a different take on what you mention? It has been said many times here, and I subscribe to the view, that the market no longer believes PF. I don't think it was the BB discussion itself that caused the spike, it was simply the revelation of harder than usual evidence, from a better trusted source. The link would probably have made its way across other BBs pretty quickly.
I don't mind robust discussion; we can all learn from that. It's the constant denigration and almost tribal incitement to bullying that annoys me. After all, how many have paused to think where WSG, and its share price, might be if they had not undertaken the SF adventure? I'd hazard a guess that a few of the LTHs (those with averages above 70p) would be long gone. By concentrating on the core, would there not have been far more new business written?
I'm mystified by the lack of plain anger. Even at the launch of the two competitor boats, the Minister claimed that he was pleased that there was competition and that he, the Minister, was proud of his role in bringing that about. What that tells me is that WSG were led by the nose and they fell for it. The SF fiasco has more bearing on today's situation than the rose-tinted spectacle wearers would lead us to believe.
LP - I'd disagree slightly on this. There are rate times when this absolutely happens.
Take back end of last year when there was information 'found' and distributed on here regarding recruiting for one of our contracts. The SP shot up over 20% to >35p on the back of these BB discussions, only to have the bubble pricked by a clarification RNS from the company.
Largely, I'd agree that discussions on here don't make much difference, though that doesn't mean they don't get monitored to gauge sentiment and MM's love to take advantage of sentiment.
I don't think that the company has said, or is, incurring post contract expenditure. Merely suggesting that the Darwin funds were for this purpose, at least partially. Along with replacing working capital. It seems they blew their cash in preparation for Octoberfest. We were told about the expense of pre-contract preps and legals.
Then they didn't sign...
It inferred that if these funds were raised and necessary for said purpose - then a contract must be nigh...... or not. 'Still waiting..
All their fund raises have been to build on the MS business etc. They've all subsequently been consumed in operating costs.
IF they sign something - before they've consumed this last raise - then it might go toward anticipated initial post contract spend.
If they don't - it won't.
It certainly made going back to Darwin a marginally more palatable 'sell' to investors. Acceptable even, if they convert.
Altogether less so, if not.
Hopefully 'better judged than "caviar" or "last few issues" - else we face the usual disappointment.
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