Member Info for AIMing_high

You’re suggesting that the BoD and NOMAD willfully mislead the market, made the share tank and then raised capital twice at lower prices, and never bought any themselves, so for sh*ts and giggles???? Makes perfect sense. Or is that a joke that I simply don’t get?

You last sentence sums up my I’ve topped up. “A solution (to Iran) could be a bonus”.....last year it was basically all we had going for us. Now it’s just a cherry on the top

I don’t think instex has any meaning these days. Iran is just politically too dangerous for an inter euro alliance company with international suppliers. I’m all for informaiton in Iran, but I don’t see it as impacting WSG anymore. I actually think that it’s a good thing that it’s heating up there (from our perspective). Excelation makes a solution more likely to come about sooner in my mind. trump doesn’t want a war...they’re expensive.

I simply can’t see them raising before the Chana contract is signed. Why dilute when a: you don’t currently need the cash and 2: the share price should be about to shoot up? The only reason would be in the Ghana deal is dead...in which case we’re all in trouble.

You’re worried they’re going to raise equity for this deal? I don’t think they will as the equipment is already there and paid for, they just need to pay the men. They described it as “working capital rather than Capex” at the AGM But it’s your call sir, don’t go round investing or divesting based on the ramblings of annonamous strangers.

DHC, have you increased your sign off from “IMO” to be prefixed by a statement about you going out? Last three messages....you really must actually go out man or you’ll be late!

Yes. Anyone who’s read any of the RNS’s over the past 12 months. Summary: * Had a “Middle East” contract. Market got excited * Announced it was Iran, had been signed but out on hold due to Trump pulling out of JCPOA - market got upset * things deteriorated in Iran and market got more upset * WSG said at the AGM that they’re basically in place where they could go but politically can’t and wouldn’t be able to source equipment due to sanctions. Summary: forget about it, just hope it comes as a cherry on the top one day. But as an investor said to me at the AGM, it could just be too politically toxic now....espcecially if we have some other major contracts in aftica.

Apparently not. WSG have men on the ground as of Tuesday and will potentially be operating without a contract at first. This means they won’t get paid I believe. It’s a risk, but PF’s point was that they are taking a risk, but if the port screws them then they down tools and the port has to close temporarily

Invest....yes the share price has gone up without a signed contract. That’s becuase the market has more information - ie that there is possible contract starting very soon that would increase WSG’s revenue materially. That’s how markets work they price in possible future events based on probability. I just think that past missed opportunities have resulted in the market getting the probability of this one wrong

Good question re liability. PF was saying something about the port lot messing up and just not getting this sorted as soon as they had. The LOI was apparently particularly detailed and closer to a full contract than is normally the case. I accept there is some risk still, you don’t get to make money without it, but I feel that the risk reward is squarely in our favour. I’ve sold some other shares to switch into here and know have about a third of the amount that Martyn does, but I’m reluctant to add too much more pre deal just becuase I don’t want to be in a place where I’m screwed if something does wrong.

Yes. True. But if the deal fails then the port doesn’t open as all containers need to be scanned.

Not sure how it can be classy and have all those flash cars? Is it “classy” is the same way Dubai is??? Market cap now closer to 14m.....but still I feel undervalued. They couldn’t mention it earlier....aftee Africa an Iran and countless other MOUs they wanted to not mention this until it was signed...AGM just got in the way

My problem is that I see this as a very rare opportunity. All the information is there to see yet the market has not priced it in. There’s a very good reason that they haven’t....history. But it really feels different and it seems to me like it’s got a reasonable underlying business with the prospect of some massive gains. So it feels like a one off opportunity to get in for a very likely contract when the market doesn’t charge you for it It’s like an oily that could be able to make a huge discovery, yet it’s already got a just about profitable underlying Business. They had about £500k in bank, I don’t see any imminent raises unless it’s for project financing....and I really hope they go with debt for any of those.

Can I have a volunteer to take over my finances please......i keep topping up bits and bobs here and it could end badly!! Whilst it feels that “this time it’s different” you can never be sure. I wonder if IG and HL have “responsible investing” features where I can self-exclude for a period???? :-)

I.e. I suspect it’s nothing to do with the interview and more to do with the contracts....but I’m sure you were being flippant.

That’s a big bet to base on an interview.

If you missed the AGM it’s well worth a watch I feel....even if the interviewer’s hair seems to be getting worse each time.

You’ve got a valid view there SP. But these boards aren’t exactly known for their fair and impartial advice either way

Nice start. I’d be happy with a close of anything over 10p on the bid this week. A gentle rise into the news would be lovely

Nice 20 odd grand profit for you today then :-) Gotta put a smile on your face