Member Info for JohnHenry

through Iran are growing. Could potentially be massive, however political risk.

But Trump is going to increase sanctions to Iran and its this uncertainty thats caused the problems What are these new sanctions going to include. It maybe all ok they just dont know at this point.

I believe its the equipment supply chain thats the major problem. They may now have to source equipment from elsewhere. I think fair value here is 15p with out the ME contract.

Potentially a lot bigger that Oman. However Political risks.

equipment being supplied is from the US.

would never have invested in WSG knowing that the ME contract was Iran.

would never have invested in WSG knowing that the ME contract was Iran.

the contract will eventually move forward, but i suspect the market will discount the contract worth by about 50% due to political risk.

priced in for a ME contract with Iran, zero. Jesus what a country to do business in.

Pump and dump. 50 76 and 99 K sells just gone through.

i wouldnt be to positive about todays price action. Pretty negative despite the 0.5p rise. Expect lower prices imho without contract news.

Neutral game here at the mo, equal buyers, Sellers.

Bounced a little as predicted from a very oversold position and has now defiantly finished. initial buying has dried up with sellers taking back control. Sentiment and trend is to the downside. To be honest the SP looks likely to drift on selling volume until contract news. That news could be next week in 6 months who knows.

playing out. will probably move up to the 8 EMA which has been acting as resistance @ 18.75p. A test of 16.5p Fib 61.8 is still likely. However if certain price levels are held and broken then the 200 SMA @ 17.75p may prove to be the bottom. Imho id dont see the mid 20s unless contract news is announced. Soz

the 14 RSI @ 27 the lowest level since Dec 2016 which goes to show how weak the SP is.

LTHMike my disappointment is with the wording used in the Updates at the AGMs they are not worth the paper they are written on. Im not sure what PF is smoking but it is pretty evident he hasnt a clue on the timing of this ME contract.

The SP is now trading below the 200 EMA, the 200SMA sits @ 17.75p and the 61.8% FIB retracement @ 16.5p. Hopefully one of these levels will act as support.

yes i am still invested but loosing my patience after years of nothing worthwhile despite all the promises.

until ME contract. Aimho

breaking down, first support @ the 200 EMA @ 18.75p. Below that and the med term uptrend is finished.