Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
If only we knew the connection between ships services and income to WSG or even income per TEU. Then your hard and appreciated monitoring would help bolster the share price. We could grow to 3.5m TEU's but still not know how 'material' the income is.
All we can do is try and summise from updates like tomorrow.
Still a believer and been adding but the lack of transparency is frustrating as hell. Also gives the knockers free reign and we have little evidence to push back.
Also, where's the cash from the multi million tech contract that was paid for out of the last but one horrendous placing and warrants? Surely they have delivered all the equipment and installed it?
No mention in the update when this is such a large amount for us and so much emphasis on the importance of this was paid to this by PF ...justified the placing and 10 million warrants
100% agree Yrab.
If we were getting just £5 a container that would be like minimum £400k a month I would very happy to wait for the signed Tema contract and I suspect our SP would reflect this as well. The few hundred thousand would barely cover the first month.
Why can't PF say there's a lot more to come as the 'on account' is only a small proportion of the income and when we would expect the balance....on signed contract?
A few hundred K will barely pay the wages and surely they can't expect us to carry on ad infinitum on this 'on account' basis. If so, this reflect badly of PF judgement that he is happy with the basis.
Government today revealed £40 million worth of support to enable the further development of Ghana's Kumasi Airport, improving transport links for tourist and commercial use – increasing capacity by an extra one million passengers a year.
Well why not us.
Just done a live satellite track of the Sierra Queen and she's in NORWAY.
My geography isn't that good but Norway isn't on the way from Freetown to Greece!!
Anyone else tracking her as I find this hard to believe she got all that way and if so why?
https://www.msn.com/en-gb/news/uknews/african-leaders-lobby-boris-johnson-for-closer-economic-ties-after-brexit/ar-BBZ9C0Y?ocid=spartanntp
Were we part of the £6.5 billion of deals signed today?
Good update except for Tema Income.
We had 21k TEU's in July and 65K TEUs in September. These are known figures and if we are being paid on account then I wouldn't be happy with this whilst we wait for the contract.
Let's assume we did 100k TEU's in July to September (probably 15k is more) and just 65k a month for the rest of the year (let's exclude December) that adds up to 230k TEUs.
We don't know how quickly they pay us but several hundred thousand dollars doesn't justify the statement that they are happy with the payments on account. Even if we just look at July to September this is only a very modest on account amount per TEU.
I don't get why the increases they are complaining about are like 100%. I understood the increases to be about 12% in line with the concession agreement which was close to their inflation since the beginning of last year.
Patiently waiting as well.
In all my years in trading I don't think I can remember where there were so many apparently misreported trades (e.g.Smudges 100k purchase) and in this instance buys shown as sells.
They're pretty easy to work out but then I got confused as if all those I worked out were buys and not sells why didn't the price go up.
It's of little consequence but just rambling whilst we wait with baited breath.
HB
If it helps, we know that 40 ships were services and we scanned 65,000 TEU's in September. Fact as it's on the Tema Port facebook page.
https://www.facebook.com/MPSTemaPort/?__tn__=%2Cd%2CP-R&eid=ARBpB0LE5Kiez6EpkkGle_b2RJYh_8Gye5UD0BDcR-UWfwRJxOOLUk_Au9oXQ_lfcJmp8QA8FABxXn0Z
When these sort of RNS's are issued i.e. to react to a sudden increase in share price you usually see them saying they are not aware of any reason why.
Well, not in this case...here's PF saying here's the reason for the rise and it's justified. If we wanted a hint from PF about whether the Tema contract will happen soon then we've got it.
Bizzare that he reacts to this non RNSable increase in share price with an RNS but wouldn't RNS the contents of the article or the likelihood of the agreement between MPS and GPHA which is the reason for the increase.
Anyway, very happy with the situation and hopefully small increases every day from here til the Tema contract lands. The start of the transformation of WSG
you'll have some difficult decisions along the way. sell at 12p to break even or wait til £5 to retire....or somewhere in between.
Nice problem to have and I hope you have this as it means we'll all have the same conundrum i.e. when to top slice and by how much and when to sell out completely:)
I'm a buyer when Tema is confirmed and holding all til £1 when I will have this chat with myself.