Chal16 Jul 2018 20:42
Just checking in and see near on 100 posts,quite remarkable to say the least.
Lots of reiteration of the company's past form and decline and subsequent shareprice,all of course important to express,also a few posting positives,with potential short term upswing in the sp.
Everything all depends on the New York Wheel restart,if you get that news via RNS,not via rumour then that will have a major impact on the stock value.
Remember this has been heavily diluted since last summer,originally then 68M shares,so don't be over optimistic on the sp,if you get the contract news.
IMO 1p on hard news of restart is about the mark,that ties in with Mcap apportioned to the investment thus far on the NY Wheel.
Valid points also the return of the #£100K from Star Sanctum,that's fundamentally important for the next year's cash flow,without the need for any more draw downs.
Forget the EOT,apart from the £300K invested their.
Basically now everything thing depends on restart.
If it's positive then 1p very like!y on the cards.
If a prolonged stale mate then levels lower cant be ruled out.
So it's a binary bet for some,maybe the NY Wheel is too political to fail,it wouldn't look good,and would be somewhat an embarrassment.Also with 100s of millions spent do you believe an abandonment is possible,rather would those high worth investors basically just write off their investments?Personally I can't see that.
So to reiterate everything depends now on the restart,
I