Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
This will be an important milestone for long-term holders of this stock, who may get a glimpse of a rosy future. The recent announcement caused the SP to jump and people took profits, lowering the SP a tad. I made two more purchases. A 10% rise will put me in profit but I am unlikely to sell if the AGM confirms a positive future.
This share has forward momentum, it needs an RNS to keep the momentum going.
So much interest. Something is brewing here and a few people know about it. Feels like a lot of money to be made here!
6 million shares purchased already strong buying continues.
2.45 million shares later in the day!
Someone confident buying 19.5k or 2million shares at 14.10 today
Back to the 2011 sp of 51p would be even BETTER!!
i'd be very happy then!!
So good to see 1p again. Next stop 2p!
Be nice to get back to 8-10p that we were once trading at.
Looks like something big is going to be announced. Exciting couple of weeks ahead
0.96/98
atm
There is definitely something brewing if you look at the buying, its not punting as they are buying blocks all the time. Lets see what today brings I have been adding friday maybe today again
Now for my summary.
When the financial package was announced on 28/06/23 not only was I relieved that Woodbois would survive as a going concern but I was very excited with regards to the warrants. Previous shares had been purchased at a price of 0.5p per share but the warrants was priced at 1p per share. I can understand that investors would be worried about being diluted yet again but my theory was (hopefully still is) that the investors will only execute this option when the share price is over 1p, there was no condition that I understood the investors had to invest further so therefore to me it was a guarantee that the share price will exceed 1p. In hindsight I can't believe nearly six months on we still have not received this 1p. Furthermore, even with further dilution why would investors exercise their rights for warrants if the share price was not to increase even if at a minimum of say 1.5p. My understanding was the monies raised from the warrants will go back into the company and although current shareholders would be diluted again they will also be rewarded with a far healthier Woodbois balance sheet. But now, looking back I am not so sure, Woodbois announced on 28/06/23 the financing package will provide the company with sufficient working capital for at least the next twelve months. Maybe I should have read this in further detail because I thought that was just the £6,000,000 raised at the time which didn't include the warrants. Reading that again the twelve months includes the warrants and if that is so the balance sheet won't be looking that great will it?
With regards to the recent share price increase could this be because Woodbois are purchasing shares to pay Miles Pelham in 60,000,000 New Voting Ordinary Shares instead of being paid in cash as announced on 28/06/23? After all his six month term of being a Strategic Advisor is coming to an end.
I still believe there maybe value in Woodbois for now because the share price is still quite close to historic lows even with the recent surge. I won't be selling any yet, I really hope the AGM will bring good news and positivity but even the timing of the AGM brings questions I don't wish to ask. Why would a company, especially one so small as Woodbois choose to hold an AGM between Christmas and New Year? I sincerely hope I'm wrong and Woodbois announcement of reviewing its activities and strategy goes well with the markets. Maybe we will have an update on the warrant situation but to be fair the timing of any announcement will be put a major share price adjustment till at least the middle of January.
I am a novice investor but these are my thoughts, I hope they are helpful...
28/06/23
Woodbois announced 1,200,000,000 new voting shares was issued. 800,000,000 by CHCH Ventures on behalf of Hugh Wade-Jones who will hold 21.7% of voting shares and 400,000,000 by John Scott who will hold 10.85% of voting shares.
This issue raised £6,000,000. £4,000,000 from CHCH Ventures and £2,000,000 from John Scott.
Miles Pelham will be a Strategic Advisor to The Company for a six month term.
RVL(Miles Pelham) can elect to receive 60,000,000 New Voting Ordinary Shares or be paid in cash (presumably 60,000,000 × 0.5p) £300,000.
Paul Dolan will stand down as CEO once a suitable replacement is found. It is intended Paul will be a Non Independent Non Executive Director and will be responsible for the initial phase of the afforestation project in Gabon within the company's carbon division.
A further 1,200,000,000 shares could be issued as warrants. 800,000,000 of these reserved for CHCH Ventures and 400,000,000 reserved for John Scott. These warrants can be exercised until 29th June 2025.
RVL will also be issued 350,000,000 warrants in Non Voting Ordinary Shares. RVL can also elect to receive 60,000,000 warrants.
The Directors believe the financing package will provide the company with sufficient working capital for at least the next twelve months.
29/09/23 Q3 Update And Board Changes
David Rothschild announced as CEO.
Trading Finance Facility talks in the final stages of due diligence and are expected to close in the near future.
22/11/23
AGM announced for Wednesday 29th December 2023.
04/12/23
Woodbois announces the appointment of Guido Theuns as Independent Non Executive Director.
Chair Graeme Thomson states Woodbois is at a key moment reviewing its activities and Strategy.
Dear User-Name.
I own 723,016 Woodbois shares in a SIPP at an average of 2.1225p per share.
Also, 659,968 Woodbois shares in a GIA at an average of 1.0274p per share.
Overall 1,382,984 Woodbois shares at an average of 1.6013p per share.
The shares I own in my GIA wasn't supposed to be held for long but I purchased them just before Sydbank withdrew their loan facility. I held my nerve through very turbulent times purchasing further shares along the way to bring my average down.
I don't wish to touch the shares in my SIPP for many years and if I find more confidence in Woodbois I shall top up to own 1,000,000.
In total I have invested £22,146.96 in Woodbois and according to Google tonight those shares are worth £13,015.26 so even after this weeks dramatic rise I am still at a £9,131.70 loss.
I will try to summarise my understanding in my forthcoming post but must state I am a total novice investor that perhaps the above will confirm!!! He he
Wbi on course for a better future.
Interesting article in the FT! It probably caused the SP for Woodbois to jump last week as it showed that there was interest in carbon credit at COP 28.
Carbon credit schemes need to be genuine to attract buyers so it will be interesting to hear what the AGM has to offer. I have bought more shares.
50p to £1 would be amazing!
Wasn’t the all time high 53p in 2010 ?
Something is definitely happening here. Seeing several £35k trades going through. The stock has otherwise been dead, so something has happened and leaked to trigger this activity
I have stuck by this company since paying 4p per share and buying as it fell in price to 0.4p. The current round of profit-taking is expected. Well done to those people who got in at 0.4p-0.85p. I would expect the AGM on 29 December at 11am to be important, especially on Carbon Credits in view of the recent COP round, and that there will be interest in this stock up to that date. My recovery price is 1.1p and I'm expecting that to be well exceeded but as I have mentioned before, when the warrants are sold by the new investors there will be a bit hit on the price temporarily. Would they sell at 1p, 1.5p, 2p in this financial year and before a general election in 2024. It could be a snap election. Many imponderables to weigh up.
I hoping for some good announcements next week. A solid uptick in general trading and something around the carbon credits and the government. It’s the latter where the crazy value is here
Being in the share for a long time, you realise that its not the business fundamentals that shifts the SP it's what certain MM's or influential people want/need it to be at a certain point....
The SP normally reacts like it did yesterday on the basis of someone knowing something .... The recent low volume trading saw a significant jump. That doesn't mean it has to be massive purchases, just relative to recent volume/sentiment...
When the news arrives lets see what it brings. .. either way, everyone have a good Friday
Having bought here a few years ago I’d be more than happy with 8p.
Could be good news on the way,
britishbulls generated Buy and pointed a major reversal.