Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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saw that, my glass half empty approach made me wonder what future bad debts were in there, you'd expect these values to be broadly similar to creditors if they were any good at getting cash in.
had to wade through piles of jam and delayed jam to get to cash figure of £400k, quickly followed by mention of overdraft facility which tells me they expect to have to use it imminently, why if the debtors value is healthy ? bad debts ?
SteveDawn…. Transformational
Anyone able to work out Revenue impact of the 20% move on TEMA ?
Same old dribble loss making, poor rev, got be one worse performing shares promised so much but never delivers, hard operate in these countries,
Our other West Africa port project has yet to commence operations as we wait for our client to finalise the land allocation issues with the government, but we remain ready to start once access is granted
Anything on Liberia contract ???
Drc in final stages. Not a bad rns in my view
Here’s the excuse in 6 months
The Board is mindful of the current global situation with serious conflicts in Ukraine and potentially Taiwan, which may present both opportunities and challenges for our business, and the growing economic crisis around the world, which may yet impact our forecasts.
Another loss, same old **** from the BOD and signed off by a toothless nomad.
JL- DRC ratification is EXPECTED in Q4. Big big difference from your lies on a BB, especially given WSG history of non delivery
No much goes right for us really, there’s always something.
“Our Ghana port operations continue to perform to expectations although the recent agreement between the port operator and MPS and Ghana Ports and Harbours Authority to move 20% of container traffic out of terminal 3 for a period of 2 years commencing on 1 August 2022, is likely to have an impact and limit growth for that period.“
This year was always expected to be H2 weighted as we emerged for the global pandemic, and this remains the case. With our recurring revenues now running at circa £5m per annum and with over £3.5m in new orders secured so far this year, the majority, if not all of which, we expect to deliver in the year, we expect to secure and deliver further revenue in the remainder of H2 in line with current market expectations.
DRC ratification in Q4
Very Strong Buy
Superb Hold
Thanks Gibbo….so we need to see about £6-7M at the halfway point….with no DRC or KSA or Liberia it looks like we need to see the 2 current MSCs punch a tad above their weight… plus the odds and sods of course.. Looking forward to being underwhelmed…B
JL76…. Have you been on the bottle.
Not long now till all will be revealed. The Fooler not playing ball on LinkedIn lol
JL76 - have a look at MCB. The revenue to market cap ratio for WSG is 176%. MCB's is a lot higher.
It's a meaningless comparison anyway. Profitability is a better metric to use. Both WSG and MCB are pretty deficient there too, which is why I sold out of MCB a while back.
If you do feel WSG is valued at 5% of its true value, you'll be filling your boot at these prices! Do you want to tell the good folk on this BB how many shares you have?
Yrabs, the last Arden report in April had forecast revenues of £14.3m and included nil revenue from DRC for 2022.
I believe WSG is valued at 5% of true value.
I can’t find another company valued lower with the current revenue figures of WSG never-mind the future revenue figures.
Also no debt which is a massive plus at this valuation
Good luck to holders tomorrow.
I think the best anyone can hope for is likely to be a ‘steady as it goes’ update, albeit that they’ll almost certainly have to concede that 2022 revenues are unlikely to be met. The updates on DRC etc will be interesting as to whether there is any positive movement. Even if it’s been canned, he’s never going to say as much - every MoU is still live remember, even those that have been ongoing for a decade or more.
Unless there is something drastic around funding, I’d anticipate little movement in the SP. Clearly very few bothering to sell at this level and , without some extra sweet jam, nobody interested in buying either.
Well, there is no flurry of activity….positions already took….so tomorrow it is then…., the last Arden report I have seen suggested full year revs of £23M, so is this another H1 that proposes all the jam turns up at H2… might not believe you this year Pete as you said that in 2020 and 2021…. Let’s see if we get another “I am confident we will hit our forecast”… tomorrow followed by the excuses as it slides in to 2023… this jam seems to not have an expiry date….B
If Fowler leaves then there is no company. Given that the company is just one big lie. At least if he stays he might tell one good enough to spike the sp again.
All set for Fooler Jam tomorrow lol
Bolton, do you mean earnings FOR the vending machines… lol….. B
H1 revenue £3m
Loss £900k
Cash 5k (earnings from the vending machines)
SP down 93% over past 5 years. What a performance.
The guy is an absolute failure. Nothing will change until this incompetent fool leaves for good.
Fowler I hope you read these threads - once and for all do us a favour and do one.
Fool.
Does anyone have to hand the 2022 revenue expectations… I presume it is a piece of fiction that Arden wrote …B
Bong...