RE: Upward Trend8 Jul 2016 20:55
scot: WSG.
Debt is now only £210,000 of Darwin loans notes outstanding.
Delays are definately already built in.
Ferry also severely already priced in.
The only potential problem I foresee is that D could argue that if they, the company and big contract partner, do not sign something at the end of this month, as WSG have been very specific in saying that they are going to (and that in the knowledge that one more broken promise will sink them), D could argue that the SP will go below the nominal 10P and D need to get their 10% on top of that. So they could argue that they need to forward sell their August remaining shares which would amount to around 1.5m shares. They would try and do this in order not to take the SP down too much but if most people are now sitting on their hands, D may sell anyways and the SP may dive before the end of the month. That is all I can see down the road.
If you are taking a simplistic weekly chart from the 90p peak to now with an underlying 7.5p horizontal support then yes you can get that wedge but this does not take into account the end of July cut off point. I have been sufficiently spooked by what you have said to take a chunk out of a CFD to wait to see your chart. I await your chart with a mouth of feathers poised. I joke not.