The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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LOL! And they seal the deal on the same day and they don’t make me wait 3 months :)
Tosh, I thought your tinder birds loved incessant moaning........ B
At least they have a sense of humour I suppose. I’m attracted to that more than I am incessant moaning :)
Scanport was set up specifically to act as our partner in this contract
Tosh, his last one was " Shania " I think he managed 30 post under that handle, did quite well really, just a annoying individual.
Welcome to LSE. How many other IDs you got :)
Tosh, did Proactive not get the memo.......podcast will be in the coming weeks. B
Yep- in the morning we will find a plump looking scanport and wsg will have disappeared
V,
RE: InvestToday 16:45
Mike- I am suggesting that WSG may have fulfilled a key role prior to contract signing
Are scanport are contractually tied to WSG?
___
From the info in the RNS's I would say that they are.:
"..we entered into a Technical Partnership Agreement with a Ghanaian company, Scanport Ltd. with the aim and purpose of entering into substantive negotiations with Meridian Port Services Limited ('MPS') regarding a contract to manage, operate, maintain and upgrade, as necessary, the container screening services at the new Tema Container Port in Ghana, West Africa. Westminster's role as technical partner is to provide the requisite expertise and management of the operation.:
A partnership,... so there will be a legal and binding agreement between them. Just how formal that is,.. ie and exchange of letters or a 30-page document, or a SPV is anybodies guess at the moment.
Mike- I am suggesting that WSG may have fulfilled a key role prior to contract signing
Are scanport are contractually tied to WSG?
The bay of guinea is full of predators- these guys will cannibalise each other
Well according to Proactive they are in dialogue with WSG and waiting for them to confirm a date for another podcast. I’ve chased to see if it’s been confirmed yet but nothing back
Vander,
I think you have just answered your own question. The staff that are being trained,.. for up to 6 months ( think that is probably too long,..but your figures)... are Scanport/WSG staff. IF we pull out,... they will have NO staff to operate the scanners etc., and associated stuff,.. so they will need 150-ish,.... immediately to replace our staff.....and they will take 6 circa months to train,... so they would potentially have to shut the new berths etc.,? whilst they tender/negotiate the contract and then train the staff. IMHO that isn't going to happen,/// not least we neither party wants that to happen,... nor does the Ghana goverment. What a PR fiasco that would be. The new West African hub in total chaos.
Lol, I just imagined PF with the”look in to my eyes” trick that they used to do on little Britain ....... B
Looks like the PF Jedi mind tricks of June / July are wearing off and the stormtroopers are once again on his case.
I think PF has had that smirk knocked off his face, if there was absolutely any tad of good news he would have been in the beauty salon getting ready for another podcast , there isn’t any until news until he is forced to appear and tell us still on track in the coming years, I thought H&N made a good point about the brochure on Facebook showing the Port security partnership with Westminster brand on full display, Sends a good PR message to other ports, Can we just get this over the line please. B
A smirking PF maybe around somewhere! Anyone live near their head office? Or going on holiday to Ghana?
i'd be amazed in their not in a closed period currently. they must know more about the Tema contract than the market and i think any buying now would really send a bad signal - positive to the market, wrong to the regulator.
and we do know that they are being disrupted at the moment. I like it!
I do like you way of thinking there. Could PF and directors BUY if they knew this or would they not be able to? Interesting though!
Invest: i'd also love a derisked top up...but with a half decent RNS i see this opening up 100% minimum....not like it's out of the blue...unless they do it intraday.
i think we all know that i'm not usually one to be rampy when it comes to WSG...but a thought just occurred to when reading Vander's post:
what if the hold up is not at the WSG level? could it be that the contract has been finalised between MPS and WSG, but the actual economic outcome is determined by the final fees being charged....and since these are being disputed, the contract may not yet be in full effect yet. i.e. if the fee increases stick then WSG gets more, if not then they get money based on the existing fees. could well be clutching at straws.
I suspect that PF would have been shouting about this if it were the case. The counter to this is that if he doesn't need to raise and doesn't need to do report until next year, he can sit on his hands happy in the knowledge that the shares are massively undervalued but knowing it's only short term so doesn't matter.
Might get in sooner than 20p AIM. I'm hoping ;0
I have £250k in the bank from a house I sold from a purchase price of £19k back in the good old days. Tema will transform this and I'm going to be in for the long haul. I have over 300,000 now as topped up recently, only a small top up.
WSG primary value to MPS is to commence operation of the scanners and undertake a training contract that would typically take 6 months
Beyond that their role is refresher training, audit and machine maintenance.
Do you think working for free for 3 months plus will enhance their negotiating position? Is the plan to train up gpha security and GRA customs staff also?
sounds like the limits aren't all that strict! ;-)
sensible way of investing as long as you can stick to it.