Member Info for Janiax

Next leg might have come already, just got a quote of 6.52 to sell

Maybe.

But it seems to have slowed down a lot now.

Well I jumped in this morning, but thought i may have been spiked at 4.99p when the trade let me get a quote..

Nearly didn't go with it.

If it gets to 10p I'm out.

Just keeps going up 6.2p to sell now..

Going to be some profit taker at some point though...

Question is when, and what will the retrace be like?

Very quiet board here...

What makes you think it will hit 10mil Mcap?

Must admit I haven't re-read the article today.

But, if i remember correctly.

The Article stated that they didn't want to go ahead with the security from Westminster, due to using a company outside of Namibia.

It was not based on Westminster, but more of a blanket statement about wanting to keep things "In-country".

The article also went on further stating that they could benefit from training.

So even if they use a Namibian company for the big contract, there could still be a substantial size training contract that Westminster may be involved in.

Only time will tell..

This has the same feeling as Tuesday did...

Dropping early, perhaps and RNS has been logged?

then when the RNS dropped, maybe it will go up again :)

When the Great RNS came out on Tuesday, and the share price was begining to move up. the De-rampers where nowhere to be seen.

As soon as the share settles a bit and the MM's start trying to trigger stop losses they come out in droves, trying to get the price down to their target and buy in so they can get the next rise.

Fact here is there seems to be quite a bit of gold from samples not showing any visible signs.

Wonder how much there will be when they drill and test more.

Not too mention other assets which are waiting news.. some of which GH has hinted towards being very soon on twitter

There is always fluctuation when a great RNS like this comes out, as most people on AIM are just traders, so will be taking profit at 10/15/20% and not care about the long term share price.

If there are too many traders in then its just as easy for the share-price to go back down to before the RNS.

Very disappointing as a Great RNS like this should see the SP at closer to 2p again, (it was there not so long ago).

Hopefully as the day goes on the 10-20% crew drift away and the LTH come in.

Sorry guys,

I took a punt at 1.24 and everytime i buy shares just go back down, so I expect this to be under 1p again soon....

Apologies.

Just re-read the project update in the last RNS:

Iran Project Update:

On the 10 May 2018 the Company announced that its major long term managed services contract for one of Iran's 60 airports had been signed, subject to exchange of Board letters. However due to the US unilateral withdrawal from the Joint Comprehensive Plan Of Action (JCPOA) and despite the proposed equipment and services not being sanctioned activities, the Board also announced it had put the project on hold whilst the Company investigated the implications for the Company's banking, finance, insurance and supply chain.

On 26 June 2018 the Company issued a statement which provided further detail and confirmed that discussions were underway with all relevant parties including the client to find a way forward to the various challenges posed by the US actions.

The Company continues to receive high level UK government support and the EU is also putting measures in place to assist and protect EU companies against the challenges caused by the US extraterritorial actions which are expected to be largely in place and announced by 6 August 2018. Although these measures are expected to be helpful the Company is not solely relying on them and is pleased to report that it has made good progress on a number of fronts particularly with financing, banking and its supply chain with workable arrangements having been put in place on key issues.

The Company continues to address outstanding issues and will provide a further update on progress in due course.

It looks like the main thing which wasn't progressing as much was the insurance, with the other area's being noted as having "Good Progress".

Its been nearly a month now, and there is no signs of the UK and Europe giving in to Trump.

Hopefully we will get an update within the next couple of weeks, confirming that all issues are address, fixed and Board letters being finalised.

So it looks like everything is pointing towards the Iran contract being able to proceed...

We Just need the BoD to finalise those letters...

If this contract does go ahead, I would have thought that the SP should be easily into the 60p area, and carry on strong as WSG becomes a much much larger and more secure business.

But this is AIM, and AIM is anything but the norm.

Being pessimistic after losing out after many Great RNS, I wouldn't be surprised if the contract went ahead, guaranteed 25m Euro a year, and the SP dropped to 8p again... Stupid AIM

So when do we think we will get an RNS to state that they are moving forward with the Iran contract and the require letters from the BoD have been signed and completed?

And when (yes when, not if) this happens what reasonable estimate do you guys think the SP will move to?

I think that it will re-rate to around 60p to begin with, as has been nearly to 30p already this year, before the contract was signed.

Over the next couple years, as the contract continues and more work is won i can see this gradually increasing to £1, maybe even higher.

Would be great if there was some dividend within 3-5 years as well.

I'm hoping that if the Iran contract does get signed of by the BoD and starts none of us will have the opportunity to bail at 23p...

24m euro a year contract, for 15 years, should see us fly past 23p and hit resistance above the 30p mark. Potentially not even hit resistance until 50p+

Any idea how long the meeting will go on for and when we will know the verdict?

The contract has always been quoted in Euro's which would suggest it will be invoiced and paid in euros.

The Client would take the FX hit on the local currency being weaker than when the contract was agreed.

Just remember this was at 26-28p before the contract was signed on anticipation of it being in a different country.

When it was announced that it was in Iran, the timing could not have been worse, due to some idiot throwing his toys around and the US pulling out of the agreement with Iran.

It is now looking very likely that no other country wants to support the big baby, and are working hard to ensure that the Iran Nuclear agreement stay's intact, and that they will continue to work with Iran, and support business in doing business there.

All we need now is for a few confirmations to be announced, and then the WSG board members will sign/issue the letters required for this Huge contract to go ahead.

This contract will be transformational for WSG.

I was hoping to have a bit longer to gather money together and buy back in here when it was still under 10p, but it starting moving earlier than I expected last week, so had to jump in at 12p.

I can see this hitting 20p before final announcements, and then if this contract does go ahead ... Well anyone can guess how high this will go in that case.

If the contract fails do to timing, or other reasons this will be back to 8p faster than any of us can sell.

But I really feel this is coming now.. Its soo close.

Andrew,

When i win the Euromillions tonight, I'll join you with a Much bigger chunk here :)

So I recently sold up in UKOG, and kept hold of Alba.

Although UKOG seem to get the initial reaction a lot quicker, due to being the bigger party (just over 30%) in HH

I feel Alba is much more undervalued currently.

UKOG has a market cap of over £100m already, which is 6-7 times the market cap of ALBA.

Alba have a third of what UKOG have in HH, so effectively however much of HH is accounted for in UKOG's MC we should be at that, just on HH.

Alba also has multiple other targets which should increase the value here .. (Welsh gold anyone :) )

I'm happier to wait out and see long term holders coming here after making some in UKOG today.

Lets see a nice steady rise as progress is made to commercialisation.

And lets avoid the spikes and day traders.

Woah... whats happening here.

Why is this down so much today.

There's so much on the table soon that should see this at multiples of the current price. why are people jumping ship now?

Hopefully its just the day traders hunting for their 10% in ANGS, WSG or MSMN.

They will be back and at a much higher price in the next few weeks.