Woodbois Share Price (WBI)

Very pleasing dvharrison and looking forward to know who the other investors who took part in the placing are.

Good to see a UK asset management group taking a sizeable position in the company...

Added via Primary Bid.

It's a shame that ex Chairman Miles Pelham couldn't deliver the goods - means I've a long way to go to regain a decent value from my holding much of it obtained at ludicrously higher prices. Nevertheless, their focus now on Gabon - one of the better African countries - with enormous hardwood resources has already shown much promise in the figures announced a short while back.

The company has an excellent reputation for employee conditions and tree management & sustainability - and with new funding to clear much of the debt and a management heavily involved with its own money - I'm confident this time they'll do it.

Took some on PB last night. The CEO seems to have a clear vision for the company. Obviously massive dilution and I suspect the SP will be suppressed for a while, but the company seems to be progressing well following the restructuring of the business. Will put it in the bottom drawer till next year to see if the company delivers the promises (cash flow positive by year end, dividends in 2021...)

Some strong buying so far today, despite the sea of red created by the MMs using the spread to manipulate the reporting of trades. As a new investor in the recent PB, I feel excited by the strategic plan utilising the fund-raise to significantly reduce debt, strengthen the balance sheet and accelerate the journey to cash generation and profitability. I plan to hold long term and benefit from the planned dividends.