Member Info for AIMing_high

TPK: yes the KSA JV could come up with some rather nice contracts and i do have high hopes for it.....just that after 7 years here i'm never optimistic that things will get done quickly.

PF said 30-40 days for Ghana, i mentally noted 2 months. anything else without a state deadline is not something i'm banking on....look at Iran and Africa. Just from PF's body language i think we could well be in for a waiting for buses situation.....after Ghana i could see more contracts dropping...that may just be my glass half full attitude (that's optimism towards positive outcomes, not rapid outcomes!).

to me other contracts are no more or less likely to come in the next couple of weeks than they were in the recent past.....so i'd be surprised if Ghana wasn't the first to land - simply based on the fact that we are expecting that in the next few weeks for sure. The African one could be any time (no specific reason for it to be this or next month), Iran ain't happening for a long time and the new JV will take some time to bear fruit.

another contract could be a catalyst for a placing, but i don't think Ghana will need one...it may just facilitate one since it will push the SP so high.

fair cop. i think i can take the blame as it was my error originally, i think that HB just naturally copied my spelling. apologies

Invest: I hope so, but again, I don’t think it will be a very large amount as I think we’ll have a contract long before the scannings really ramp up

Invest: civil sounds good. I honestly don’t think we’ve received any revenue yet. I think we’ll start as soon as the terms are finalized and I think we’ll get an RNS telling us that as soon as they are.

Also i think that he container ships are pretty small fry currently and the real revenue comes over the next few months when the port ramps up and hey can take some of gargantuan ships.

i think you're misunderstanding accruals slightly. Accrual does mean that you're taking account of income that you have earned but not yet received. so you can recognise the revenue even if you haven't been paid the cash yet. that is correct. but it means that if we're not accruing revenue until the terms are finalised then not only are we not receiving the cash, but we are not reciving the recognition of the revenue....i.e we ain't gettin' paid yet.

but as i said, no issues as it's a tiny fraction of what is hopefully a huge contract.

there are some very wealthy people on here then.....or, you know....people taking massive risks (i confess to being in the second camp)

HB: i agree with that logic. i accept that they may not be able to transfer money to WSG for services rendered without the contract being finalised, and thus accruing the revenue would make sense. it's just that the wording in that article (and what PF said at the AGM) specifically imply that WSG will not accrue revenue util the terms are finalised.

to me it's a mute point......a few weeks of the port ramping up will have little impact vs a long term (hoping >10 years) revenue from a fully functioning port.

to your second point, i have absolutely no issue with them starting work without contracts finalised....especially given that the initial LoI was reportedly so detailed and they have subsequently exchange draft contracts.

i'm not worried

that wording does imply that WSG are not getting paid yet, and in fact revenues are not accruing yet as the final terms have not been finalised.

but i agree that the contract should be coming soon.....i'm guessing next week, but it's nothing more than a guess.

ha...yes, 5.6x the entire share count would be a good holding. i might have meant k!

HB: i suspect the leader is still Martyn - 2m at the last count i believe. are you still around 1m? I've been increasing since the AGM (a bit too early it would seem) but haven't quite made the 750m market yet

I take your point Feeks, but tbh I don’t care about new investors pre contract. The share price can be 10p or 30p....it makes little difference as long as the contract lands and on decent terms....then it will fly to where it belongs.

As an aside I’m not sure we are actually getting paid for Ghana yet. I got the impresssion at the AGM that we wouldn’t get paid until the contract was signed.....I’m hoping we’re building up some credit that will get paid on signing, by not helpful for cash flow.

Diver communication-disruption systems to ME country.

Invest. You picked the categories. I just explained some reasons why people should possibly be in them.
I don’t pick up spelling errors....usually they’re typos. Grammar is more obviously just not caring or not knowing rather than errors of speedy typing (which typos and spelling are)

Your English is generally brilliant. I don’t really remember picking you up on many errors. I picked you up on flagrant ramping. Something that you’ve stopped becuase you’ve either sold or emotion has the better of you. Generally people who learn a language as a second one are better at grammar as they have actually been taught it.

What’s your first language?

Right. Done enough clogging of this board. Back to earning money so I’ve got some spare for placing.
;-)

Stop losses are a bad idea on AIM.

Plus I just don’t invest what I can’t afford to lose.

“If you ramp” - make unsubstantiated claims of massive gains to come for all with no caveats, seems reasonable to call out

“If you deramp” - making unsubstantiated claims that sp will go down, placing is gunteed, etc etc - again seems reasonable

“If you whine” - thats fair, I have no issue with whining.

“If you post info on charts” - only if done in a preachy kind of way, endlessly repeating yourself and clog up the board where there are very few believers of those keen to be converted.

“If you missspell” - usually it’s grammar rather than spelling. But what has the country come to when simple (but important) punctuation and grammatical norms are misused? Typos are fine but some many people to struggle with basic English.

That’s reasonable invest, time will indeed tell.

But in the mean time I should wait, you should sell. Unless Ian is right.

Invest: I remember thy you were concerned about placing a before you bought in. Not an inreasoanble concern given history. I don’t believe that this is any more likely now than at the AGM as I don’t see this as being materially delayed yet.

The port is operating and the scanning is happening. This is massively different to the Africa or Iran deals....which never even got close to men on the ground.

I genuinely think you should sell though, you’re obviously concerned and I think you’d be happier out if WSG. I personally won’t be selling until post Ghana as I have some very specific price targets for the shares purchased post AGM......obviosuly that can change on news, but probably not on no news

Ps. Invest: i must say that I prefer panicked, bearish Invest than Rampy McRampface Invest.