Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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This real money not monopoly money investments could be real life changes how can you invest and be so downbeat In real terms investers stand to make millions on Friday or in the next week's . Why invest then think you got it wrong. I can't imagine if you have shares why you down them
IMHO... All will become clearer on Friday, DRC nervousness will be calmed and the SP will pick up as a result ...
if I could fill my boots anymore at this price, I would do so
GLA
John if you look at the YOY earnings (Half 2 2020 not counted cos Covid init) and there are delivering. Relatively fixed cost base means operationally geared now. Taking your emotion out of it you’d see it’s in great shape currently. The haters are going to hate all the way up. Just need to churn out a few more bitter or bored holders and the sky is the limit. I’ve a large slice for the medium term
Oh come on its 16m for a reason £10mill revenue in 2020 - wage bill of 4.6million £320k to Fowler and his son it’s basically a cash cow for them don’t get me wrong you can do well if you time it just prior to the jam tomorrow rns’s and placings but it’s never worthy of med/long investment you only need to look back over the last few years announcements to get a measure of their accomplishments it’s always if it wasn’t for or unfortunately due to ………regurgitated time after time
Gibbo............. nah...... he deserves nothing........ lots of companies in same ferry [I mean boat]........... during covid..... WSG is a security company....... world has never been so insecure on many fronts .......... sounds like a rich market that Pete has failed to get a big enough slice of..... might all be coming together..... 2022 sounds like the year we will know.....
B
On the flip side you might give credit for the CEO of a £16m mkt cap securing a £500m 20 year contract whilst also keeping the company treading water during a pandemic during which the largest revenue stream (SL) was switched off for 6 months. He also negotiated a similarly superb deal in Iran that would have happened were it not for Trump. I suspect we will see similar sized deals in KSA as he has set up a JV where the other party is headed up by a senior royal. I’m not saying he has never made a mistake, but I think he deserves some credit.
yrabsmurruc I can remember it well was invested in wsg back then 21 yr potential ferry contract 300million it was a ****** disaster from start to finish they bought a ferry too large which kept getting damaged on the river bed and didn’t even hit the water until a year after it arrived then they raised funds with cln’s and there was a placing almost every quarter and then wrote it off and gave it away you couldn’t make it up it was like something out of a carry on film anywhere else the ceo would have been shot
thanks Gibbo....... my problem is that this [DRC] looks like its too good to be true........ and its best for me to let myself down gently before Pete does it for me..... I would love to put 3 to 4 miserable years behind me.... less than 100M shares about then, market cap about the same.... so only SL in them days....[and a near miss IRAN].....but Pete has a habit of pi55ing on bonfires......... A new CEO with the right experience of dealing with a potential explosion in company growth would do wonders for morale, Pete doesnt have the calibre, he is a corner shop man [Arkwright] ...... we need someone who is ...well... less pasty !!.....lol.....B
Yrabs, I think there is a huge difference between the two
1. Ferries were not our usual line of business/ knowledge.
2. We were setting up a new business in competition with existing suppliers
Here we know what the pre COVID and current PAX levels are. The Company knows the fee per PAX so it’s really not hard to come up with a sensible forecast. There is no competition. If you fly from one of those 5 airports in the next 20 years, you use WSG services. It’s as simple as that.
Its not a condition Pete has made its a government process that is standard procedure for DRC and not even wsg could change government procedures. We are told its a formality by the company and by Arden…… but lets call it a high hurdle anyway.
Flushed plenty out at 5.2p and now its a massive bargain for new investors assuming all goes to plan. Nothing priced in, not even the Tower of London contract and Houses of Parliament contracts let alone a £500million contract.
Dear Dr........ some remember this RNS from 2014:
" the potential revenues under the Concession Agreement are expected to be in the region of US$300m. Westminster is currently organising logistics, deploying resources and preparing the terminals with initial expenditure covered by existing working capital resources. Westminster is engaging with and recruiting experts in the field and, together with ferry operator CWind, is exploring various options for the procurement and provision of the initial vessels. Services are expected to commence in Q1 2015 once ferry craft arrive in country"
Not sure some have forgiven Pete for that moment in time....... lets hope DRC isn't another "Ferry in waiting"......... sold the Ferry on HP @ £10 quid a month, prop shaft still up for sale on ebay.... no takers...........B
It’ll be closer to $500mill contract
Wooooooshhhh
totally agree Gibbo....... and maybe its not the high hurdle we think it is..... however, Pete has made it a condition of getting started........ and I am struggling to understand why he has not just tweeted "ratification complete"...... [if that is the case], to stop all this has it or hasnt it..... because revenue doesnt start until wsg start on the ground..... and we all think that is from september....... if its delayed, the market will react negatively....... or should I say more negatively because a hundred million plus contract has not added much to the market cap so far.......B
Anything below the latest placing of 5.70p surely is worth risking....and I chose to use the word risking only because the poor history of over promising and under delivering.....
Hopefully we will start to see the reversal of that performance....
GLA.
Well someone likes it - that's decent money going in there.
Yrabs, I think what you need to remember is that the DRC government have been heavily involved in setting up this contract, so it is in effect ratifying its own decision as I see it. I’m struggling to think of a sensible reason why they would spend at least 18 months negotiating a 20 - 25 year contract to change their minds a couple of weeks later.
Looks like you weren’t the only one adding. 3 x 200k all in the same minute.
Didn't someone else say the interims were due this Friday? Which is it then?
I added as well Dr Maccers. Interims are due but September should be a good month for news.
Liberia should come online for the additional $1.1 Million of revenues mentioned in the contract RNS. ATM ports seem to have been upping their game in advance of this with investment in 2 new reach stackers for the handling the cargo containers.
https://www.apmterminals.com/en/monrovia/practical-information/news-and-alerts/2021/210712-apm-terminals-liberia-celebrates-investment-in-port-operations
At the Port of Tema the civil works should be completed on the 4th berth and increasing capacity.
https://www.myjoyonline.com/mps-readies-for-afcta-and-building-capacity-of-tema-industrial-city/
The Democratic Republic Of Congo. 90 day transition period should also be just about up and operations are expected to commence afterwards.
Seems like the low is in. I added 200k this AM
Impossible call as always - some will have been wobbled by closing below the rising and Golden Crossed daily MA50 @ 5.3p but then the weekly MA50 is at 5.08p - a level that potentially draws in an enormous IH&S of sorts.
Anyway, we'll soon find out which way the wind is blowing - 9p/12p are the targets IMO if they've going to gun her up and >5.5p looks to be the green light from here to my eye.
for clarity, I know WSG have signed the contract but I assume it is not enforceable until after ratification..... which is a tad confusing as it makes you wonder what commitment you gain from the contract signatures....... so, is ratification ceremonial or could the greater power say "no"........... Everything to Pete is "a formality".... but we take that with a pinch of salt after IRAN....... B
agreed Bonker....... but Pete has a very consistent approach to small investors... [they are all traders and scumbags].... It may be why he constantly p155es us off with his conditional MSC contracts.... that are all based upon decisions outside of his control, yet he sets out milestones and timelines [ratification and start up in september], but then fails to say if they are met..... Tema is text book Pete and DRC is following same pattern...... Friday is binary.... he either tells us what's going on or he shrouds it in riddles .... usually punctuated with the words "meaningful and encouraging"........... and leaves us guessing whilst the SP continues to drift...... I will deffo buy more if/when it goes sub 5p as at some point he will sign DRC and the money will start rolling in...... just as long as the placements don't follow, this may climb beyond 6p quickly........... as you say its getting interesting again.........B
Morning.
Interesting again from 5p ...