Gibraltar etc20 Sep 2018 15:41
I think if they had given a bit more detail on the `income` regarding this contract it would have been better received by the market. A brief mention of a payment and that they are `trying hard` to progress the project wasn`t very inspiring.
Don`t forget this is only an Advanced Work Contract, design and survey work, so the main go ahead contract is not signed and sealed yet as far as building the thing, and as such the income is probably not worth mentioning yet.
It all takes time.
India is going ok, China has good potential with sales teams in place but the market never reacts well with jam comments like ...` I believe having these reference plants fully operational in two of our key markets will lead to further orders in the near-term.
`I believe`, `we hope`, `and we have confidence` is always too whooly for market participants to chance their hard earned cash without having a timeframe to work with, they want to know how long its going to be before they get a return on their capital, so now the MM`s are forced to take the price lower to find the level for traders and investors to accept the risk/reward.
A mid cap 250 stock is a much better risk/reward for the short term until some juicier `spike news` comes through here.
This company will be great IMO, but not yet, they`re still building their story for now, and finances need to increase to a more comfortable base for long termers to drive the share price up.
I sold two thirds of my holding this morning for the above reasons, but will be watching like a shytehouse spider for any new contract news, or `significant` progress on the Gib contract to jump back in for the next spike.
I was hoping for a much better update today, there is hope, but time is money, and mine is going to be scanning for a better home in the short term.
Good luck all.