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Seems like a worked buy is in order .
Stasis will soon be left behind , especially if the goods are starting to flow.
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£200 million has been raised in equity and debt !
And nearly all spent if you believe the laughable carrying value of the assets in the accounts.
My estimate of the cost of the build out to date is £30m and thats being generous !
How can anyone be impressed with the company’s own photos?
How can anyone be impressed with the shoddy 3rd rate port?
How can anyone be impressed with MPL?
How can anyone possibly invest another penny in this company?
If you look at the photos from 2017........little has changed.
Is that the best they can do after 3 years from the last photos . Dire
HAHAHAHAHA, just picked myself up from the carpet . A tatty fork lift truck with a Ton bag and a shoddy barge with a bit of steel in. All that for £50 million, great.
https://www.google.co.uk/maps/place/Karanja+Port/@18.8517211,72.9671676,3a,75y,90t/data=!3m8!1e2!3m6!1sAF1QipNRtrvUB9HwwzjvTBAzZ2KQwRMQvXi-c6nOA_9G!2e10!3e12!6shttps:%2F%2Flh5.googleusercontent.com%2Fp%2FAF1QipNRtrvUB9HwwzjvTBAzZ2KQwRMQvXi-c6nOA_9G%3Dw114-h86-k-no!7i4160!8i3120!4m7!3m6!1s0x3be7d9390949822d:0x59ed64f9ab495d0f!8m2!3d18.850944!4d72.9675902!14m1!1BCgIgARICGAI?hl=en
some more photos below: https://www.google.co.uk/maps/place/Karanja+Port/@18.8517211,72.9671676,3a,75y,90t/data=!3m8!1e2!3m6!1sAF1QipNRtrvUB9HwwzjvTBAzZ2KQwRMQvXi-c6nOA_9G!2e10!3e12!6shttps:%2F%2Flh5.googleusercontent.com%2Fp%2FAF1QipNRtrvUB9HwwzjvTBAzZ2KQwRMQvXi-c6nOA_9G%3Dw114-h86-k-no!7i4160!8i3120!4m7!3m6!1s0x3be7d9390949822d:0x59ed64f9ab495d0f!8m2!3d18.850944!4d72.9675902!14m1!1BCgIgARICGAI?hl=en
Great post tils ,
Maybe that Scarlet Pimpernel 40p will soon reappear .
Another contract or two wouldn`t go amiss either .
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vog, did you get to see the following pics?
https://www.mercpl.com/gallery/Photo/port-operations/36
Now, images 5,6 and 8 are interesting. You can see if you enlarge image 5 that it is Terephthalic acid, a raw material being shipped to Reliance industries in Dahej, Gujarat via Karanja port.
Dahej plant is huge, just the expansion cost is an estimated £700M and owned by the richest man in Asia.
https://energy.economictimes.indiatimes.com/news/oil-and-gas/reliance-industries-looking-at-expanding-dahej-manufacturing-division-at-a-cost-of-rs-5100-crore/74065521
A vendor to Reliance industries would not be small fry and would have a longterm contract with Reliance. Hopefully another long term contract on the cards for MPL with this vendor.
Someone has been Informed of better news ahead .
83K Buy Is quite a strategic guess . Was It you VOG ?
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bbr391 Some evidence of progress at the port would be good. Still no updates on the web site, disgraceful management. IMO
Hopefully a few more contracts are IN the pipeline .
Healthy retrace will soon be usurped .
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bbr391 i have email'ed them plenty of times asking for this ....nothing. Why are they not publicising it on the web site.
If this was such a good investment then why so little news.
Would be great IF the Company put up a live feed camera .
So we could see All the containers coming and going from the PAD .
Plus when the next extension begins a live feed there too .
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This company is a scam, avoid at all costs
Jay Mehta, CEO of MPL stated, "These financial results show an all-round performance aligned to a clearer business strategy. The Group is expecting further strong operational and financial performance in H2 2021, which is extremely pleasing and does, I believe, show that our strategy is working.
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A sell price of 37p is available for comeonvog ,
If he wishes to depart .
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Another good day ahead .
Soon be back to 40p .
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Assets worthless . Revenue minimal. You are pumping this stock.
Strong balance sheet with total assets of £148 million (June 2020: £168 million), a debt to equity ratio of 0.47 (June 2020: 0.38) and cash of £1.68 million at 30 June 2021 (June 2020: £ 7.80 million).
· Group revenue of £0.85 million (June 2020: £0.16 million).
· Loss for the 30 June 2021 £3.40 million (June 2020: £2.6 million)
· Net asset value as at 30 June 2021 £91.25 million (June 2020: £108.63 million)
· New contract signed with Saurashtra Cements limited and with Esquire Shipping & Trading Private Limited.
All companies have debt .
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How is it splendid , 50 Million debt and .....wait for it ....."Group revenue of £0.85 million (June 2020: £0.16 million"
This company is a scam and you are pumping this stock to dump bbr391.
Seems a little serious .
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Someone wants some shares then.
That explains the turnaround .
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Could touch 40p today .
Given more buyers around.
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