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Significant shareholder MCM Investment Partners selling a sizeable portion of their shares. Still no announcement from Woodbois management regarding the loss of contract which is unusual? I would have thought an RNS would be due?
Massive bid in the market at premium. Can sell all my shares for above 0.6p. Lets see if it pushes on this week
2 x 10m trades near the highs
Interesting
feels like its gearing for a huge move
Accumulation then boom.
It’s very interesting. There is a clearly been a transfer of stock from loose hands to sticky hands the past couple of months
Feel like it’s getting ready for a big move
What is going on here? Late massive trades yesterday together with an exceptional number of meaty buy trades - just before the promised statement on 2023 trading. What does somebody know that I do not!
Thank you 'Investingeyes' for this info. It appears that the sub-contractor to WOODBOIS has been asked to carry on the project for what appears to be a dirt road (at the moment) through the forest.
see here and tick english translation:-
https://gabonactu24.com/2024/05/17/revocation-de-woodbois-pour-defaut-de-performance-west-co-prend-les-commandes-du-projet-routier-dans-le-departement-logoulou/
This deserves an explanation from WOODBOIS CEO.
There are news articles from June/July 2023 saying Woodbois was involved in road construction and then this recent article says the Ministry of Public Works has dismissed them at the start of May for multiple delays and non-compliance with quality standards
End of May promised report gets closer. Nearly 100% buys at end of play yesterday. This share appears to be a favourite for many gamblers.
According to my knowledge Woodbois is not involved in road construction, since it is a timber producing company, so why should this have any connection?
If you look into this further there is an article on the website gabonactu24. It says in early May Woodbois were removed from a crucial road rehabilitation project for multiple delays and non-compliance with the required quality standards
Strikes are very common in Africa, so nothing unusual and probably not the first time.
This is the translation:- We give each other news..." and "WOODBOIS Gabon or the reasons for a stalemate" . If this is true, it
seems like a problem over a negotiation with the staff - about unpaid wages?
11 buys yesterday at about £25k each so its not clear why so many large buys - with the negative information from 'Gillor'.
Anyone know if the warrants are being cashed?
For those who don't speak languages... this is what they said....
16:40
The employees of Mouila are currently on strike because of unpaid wages
Les salariés de Mouila sont actuellement en grève à cause des salaires impayés
Almost 100m volume. Thats impressive and i'm sure will catch a few people's eyes
Shake out non sense, 2022 big net income loses sp well over double current price, 2023 less of net income loss improving revenue. So 2024 is no way near near as bad as 2022. We know all the difficulties of past 2 years and 2024 should be more steady and they have plenty cash in hand. It's about patience here and 2021 revenue and net income can be achieved again, cap is silly should be double.
I think the reporter obviously doesn't like theo. They have had issues in the past, which they are now out to rectify, which they have stated. They are working well with the government and have stated there will be management structure changes, so maybe disgruntled employees... dont like the fact they aren't getting there kickback any more. As far as bankruptcy goes, they are talking about 10k of debt?! Nothing major other than sniping at a company thats trying to be more cost effective and efficient in a country that doesn't exactly play by the rules. There are other articles which put the context of the company in a more constructive manor and not a complete rant about theo and someone losing there job.
Half a million in buys this morning and stock price goes down. Something bxxxxxxt going on
Those articles are not a pretty read, sounds like a real mess of mismanagement and financial instability behind the scenes
Think we are on the cusp of a big rerate here
Ask yourself... why would 200m shares of 1p warrants be exercised if this wasn't going to be significantly higher than 1p soon
It makes no sense. Thats £2m when you could have bought that stock much cheaper than 1p
Really intrigued to see how this pans out but the signs are there for a really good move
Google "WOODBOIS GABON : On se donne des nouvelles…" et "WOODBOIS Gabon ou les raisons d’un enlisement" -
topinfosgabon
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