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Hi chaps long time here but remember the fiascos with the prop shaft on the Sierra Queen! You couldn’t make it up. Hope the new contract provides everyone here with a better deal
You mean the Ferry that never carried one fee paying customer,.... in theory great idea,.. in practice a disaster.
Please don't remind us of that... I was having a happy Thursday,.. sun shining,.... work sorted,... and heading out for a beer with my brother,.... now I'm thinking Sierra Queen!
No the ship is good, it's the ferry we don't want to remember :)
Don't mention the ship Jim 🤣
Many CEOs on AIMs are only there to sell stories and pay their salaries. If you buy everything they promise you are likely to suffer considerable heartache. PF is no different. It's all about action and results - this time you're seeing it, previously it was jam. Only 90 days before decent revenues start to come in and the ship starts to move.
Doc, genuinely hope this works out for you and the good people that have held long term. Until money is banked, my experience with fowler tells me to expect the unexpected, or should that be expected !
Sorry don't know why that posted twice, trying to do it from a beach in Egypt
You too Misty, hope you and your family are well mate. People would do well to listen to you here, always called it spot on, would certainly have saved me a few quid if I'd taken your advice all those years ago. All part of the learning experience. I still have all the correspondence with fowler, makes me cringe when i read it back !
You too Misty, hope you and your family are well mate. People would do well to listen to you here, always called it spot on, would certainly have saved me a few quid if I'd taken your advice all those years ago. All part of the learning experience. I still have all the correspondence with fowler, makes me cringe when i read it back !
Afternoon fry! Best to you and yours mate
There’s a signed contract with about 300 present and lots of gov ministers from each country so it would be a good spoof
More like shareholders should learn from meeting him ha ha. He's the master at talking to shareholders and reeling them in ! 😁
Let’s hope he’s learned from previous meetings with many shareholders Doc
Peter has finally delivered. This will be his redemption. Market is tentative for understandable reasons which is primarily the lack of clarity around funding. It is easy to see on the horizon a double figure share price for any well-informed and reflective investor. This can be valued objectively without being passed off as baseless ramping. Only a black swan event can derail us this time IMO. A bit of patience required as the market catches up. Traders might not have that time on their hands evidently but I certainly do.
No, that market has never heard the company having a ratified contract bringing in $10m minimum revenues per year, confirmed, signed and done. This was done in the presence of a UK trade delegation with government officials present - not jam tomorrow, not a cowboy contract. This is real and has NOT happened before.
Hi misty I had a meeting with Peter yesterday so I’m pretty well informed
Jim, Market has heard these numbers before, remember?
Pressure to get what away exactly? We just received a transformational RNS. The DRC rollout itself will have connected news flow starting with finance. Expect to see some interviews to follow to increase awareness in the investors space. An extremely advanced MSC is anticipated this year. When that comes through you'll be pleased to know that the RNS will be signed off by the NOMAD just as the DRC one was. Investors will make a lot of money from HEREON, the past is now water under the bridge as far as I am concerned. WSG is a different beast altogether and the next 12-18 months will reflect that.
Like I say Dr, pressure, Can Pete actually get one away to the market and past the Nomad? Maybe ask the Bod
The difference is now you will have a company which will have $20m revenues by end of the next financial year and producing profit. A small amount of debt to get us kick started won't hurt one bit. Previous debts were taken as we were not cash generative and needed to keep lights on. Things have changed. It is also noteworthy that the $10m DRC figure is the minimum we will receive in year 1. This could go up once we get a clearer picture of the latest passenger data. WSG is not the same company it once was and has taken what seems like an age to get to this point.
So the last one was 3 years ago?
Show me a list of sub £20ml AIM companies not to place in last 3 years now
Like I say Jim pressure. But please don't think this BOD think of shareholders for one minute. Heres some history for you
10 £250,000 in placing at 33.5p
4/10 £500,000 in placing at 41p
8/10 £505,000 in placing at 20P
10/10 £1M in placing at 25P
7/11 £625,000 in placing at 12p
4/12 £500,000 in placing at 17p
7/12 £1.4m Loan Note
2/13 £1.48m in placing at 30p
4/13 up to £5m at prices yet unknown
6/13 £1.18m convertible loan note
7/13 £100,000 drawdown from EFF
9/13 £700,000 drawdown from EFF
9/13 issue of 4.6m shares against the Convertible
9/13 £200,000 under the EFF
11/13 £530,000 under the EFF
3/14 £450,000 EFF/new investor
8/14 £1.25m at 40p
12/14 £1m at 25p and 33p ( EFF)
4/15 £2.3m ( gross) from CULS and EFF
10/15 £1m gross from CLN.
2/16 £475,000 Loan Note to Darwin
6/16 £1.3m from institutions at 10p
11/16 £1.1m from Darwin
02/17 £0.6m from a new investor at 11.625p
04/17 £1m from Beaufort at 10p
09/17 £750,000 from Beaufort at 10p
1/18 £750,000 at 22p
7/18 £250,000 convertible at 10p
8/18 £500,000 raised at 10p
2/19 £500,000 raised at 10p
7/19 £1,000,000 raised at 10p
1/20 £1.75m Placing at 12.5p
1/20 £3m Financing facility
11/20 £5m at 4p10 £250,000 in placing at 33.5p
4/10 £500,000 in placing at 41p
8/10 £505,000 in placing at 20P
10/10 £1M in placing at 25P
7/11 £625,000 in placing at 12p
4/12 £500,000 in placing at 17p
7/12 £1.4m Loan Note
2/13 £1.48m in placing at 30p
4/13 up to £5m at prices yet unknown
6/13 £1.18m convertible loan note
7/13 £100,000 drawdown from EFF
9/13 £700,000 drawdown from EFF
9/13 issue of 4.6m shares against the Convertible
9/13 £200,000 under the EFF
11/13 £530,000 under the EFF
3/14 £450,000 EFF/new investor
8/14 £1.25m at 40p
12/14 £1m at 25p and 33p ( EFF)
4/15 £2.3m ( gross) from CULS and EFF
10/15 £1m gross from CLN.
2/16 £475,000 Loan Note to Darwin
6/16 £1.3m from institutions at 10p
11/16 £1.1m from Darwin
02/17 £0.6m from a new investor at 11.625p
04/17 £1m from Beaufort at 10p
09/17 £750,000 from Beaufort at 10p
1/18 £750,000 at 22p
7/18 £250,000 convertible at 10p
8/18 £500,000 raised at 10p
2/19 £500,000 raised at 10p
7/19 £1,000,000 raised at 10p
1/20 £1.75m Placing at 12.5p
1/20 £3m Financing facility
11/20 £5m at 4p
6/21 £2.5m at 5.7p
Thats 32 placings!
thats a share number increase from 14 million to a staggering 330 million.
Great record that, must say
I thought one of the last placings was to get rid of debt! Just going in circles, debt to equity and back to debt imo.
I actually know for a fact that Peter has been under considerable pressure from the Nomad regarding RNSs ever since they took over. I actually wonder whether he could get one away anyway such is market sentiment regarding the BOD.
Hi
This is illegal market manipulation by the way.
WSG is one of the few companies which has not diluted share holders since 2021. Despite derampers slating the company and accusing them for so long they have protected shareholders in what has been a torrid time for investors . So many companies have diluted their shareholders to oblivion or completely gone bust. Now that WSG is on the brink of profitability I don't think they're about to shaft shareholders. PF in yesterday's call explicitly state that debt is the "preferred" means of funding and the initial amount is not big. They are spoilt for choice in terms of funding options and will select what is best, it's a good dilemma to have. UKEF and others will be in picture over the longer term as the project is gradually rolled out. Those conflating our funding with a "lights-on placing" are driven by an agenda, that is plain as day for all to see. Enjoy the price whilst it's low - value will out and those lapping up the cheap shares will do very well. The company is turning a massive corner and the shares are closer to historic lows - so much scope for growth and appreciation.