Member Info for LWHL

Indeed. For this reason, I voted in favour of all the resolutions. If it turns out we were misled, then I will re-evaluate.

I am still backing JW 100%. Hence my decision. Time will tell. GLA.

In that case, sitting tight until that point seems the most logical thing to do, IMO.

Thanks for your efforts, dallo. Regardless of what happens here, you have been generous with your time and sharing your thoughts, when you did not need to. I appreciate it.

GLA while we wait for whatever comes next.

While my remaining holding is tiny (and the amount I once had was still tiny compared to your position, dallo!) - I will vote in support of whatever resolutions you suggest, if you end up taking this forward.

Presumably you will look to make contact with the TR-1s first of all?

No chance without their backing, naturally. Little point in calling an EGM without knowing how the wind is blowing on that front, IMO.

Well, I took a final (and this time I mean it!) 5K of shares just now.

I thought a red day was nailed on, so not really a surprise. That 7-odd pence cancelled trade was though. Goodness me!

GLA while we wait to find out if the critics were right, or if the longs were. Gulp! :)

I guess we will never know if the jabs really did save millions of lives. There has been so much misinformation and political interference during this period, censorship and general hysteria, that it will be many years, at best, before a calm review can take place.

I certainly do not think that the models and clearly flawed projections of some of the SAGE faces (you know the one in particular) did much to build or to retain faith in 'the science' (as if science is always really a binary right or wrong and unchanging anyway!)

IMO, a cost/benefit analysis would suggest that lock downs, with or without the jabs, are going to have a far more negative impact on UK society (and probably globally) in the coming decade than a 'let it rip' approach would have. Certainly a Barrington Declaration as a compromise to the above strategy. But IMO, no genuine attempt at an unbiased cost/benefit analysis will ever take place, so it is really all a moot point.

Looking forward, if we experience a serious virus in future, where lock downs might be clearly the best option, it will be interesting to see how society reacts to the advice and 'the science'. Gas lighting society is not something that should be done lightly and rebuilding trust may be challenging. In the short term, I hope it does not lead to many people shunning all vaccines. Yellow Fever etc. Hey ho.

But I respect your opinion and have nothing but praise for you choosing to return to work to help during that period.

FWIW, I am not a Covid-denier nor an anti vaxxer. I accept that deaths with and (IMO a far smaller number) because of Covid did and do still occur.

I was, and still am, appalled by the measures taken by government and how close we came to seeing vaccine passports and all that this would have resulted in. The thin end of a very troubling wedge.

As for Centamin and the PM prices...tempted to add a few, but want to keep some powder dry. GLA.

FG and other posters: To be blunt, that potential scenario was/is one that I give a fair amount of weight to.

This company appears to me to be in the right place at the right time. And to be equally blunt, is more strategically important to the UK than Carillion was (to the fair point made by the other poster earlier).

It is also, IMO, a far more attractive investment for a potential lender, than Carillion was at that time.

But - as I keep saying - we shall see, one way or the other. And we bulls will either be proven correct in our current faith here - or we will not. We know exactly what is required on this front and we have a fairly good time frame to this end. GLA.

Thanks, dawski. Anyway, lets see what next week brings. GLA.

The problem with UK pension funds is that they have been appallingly mismanaged for decades.

As much as Truss and Kwarteng made fools of themselves with their childish grasp of economics, IMO the pension funds should not have been so vulnerable to one single duff budget.

I forget where I heard it, but someone likened it to standing too close to a cliff and a strong breeze knocking them over - eg if the funds had not been so close to the edge, it would not have mattered.

The solution to almost all problems is less government, not more government!

Just think about the moral hazard of government intervention along the lines that you are suggesting, 100notout. Imagine the kind of interference and strings that it would come with? Too much state interference as it is.

We need to make the UK more attractive to global investors.

That means considerably less public spending, considerably less commercial red tape and quite frankly, a number of other changes to the current social contract too. None of which is going to happen anytime soon.

The one thing that we may agree on perhaps, is the reward for failure culture that is fairly common in the senior ranks of the private sector, and rife in the senior ranks of the public sector. Significant cost savings right there IMO, for starters :)

I fully take on board the bearish comments, but I think it is important, spud, if you are going to cite part of a comment, then you really should have also included the bit that said:

'We are now at an advanced stage in our negotiations with UKEF and our lending consortium and expect the refinancing to be completed in early autumn 2023. This is a five-year deal and it is important that we get the economics right. Our current cashflows allow us to take the time and get the best possible deal for the Company and its shareholders'.

Now, if financing is not completed by autumn this year, or the terms of any financing deal are dreadful for shareholders, I for one, will make my opinion known on that. He said their current cash flow allows them to take their time to secure the best possible deal. If I did not believe him, I would sell. As to date I have no reason to mistrust him, I am comfortable taking this at face value.

Absolutely there are risks and that is why the m/cap is low. IMO, at the time of print, JW is showing every sign that he is going to be successful in turning around this historically burdensome outfit.

That said, getting these updates out to market a bit earlier would be welcome - indeed that is one gripe I have with the BOD here. It is annoying and creates an opportunity for FUD spreading.

I have no idea how the SP will react on Monday. Equally, whether we will see some further inside buying or not.

Naturally would welcome it, but unlike so many AIM BODs, these ones have already put their hand in their pocket and more than once in some cases.

Anyway, I look forward to reading the thoughts of others over the weekend - both the bulls and the bears. Good weekend all.

Certainly pleasing to see, after the disappointments of yesterday. Let's hope next week quickly sees us attacking that 420p region again - and finally breaking above it. Good weekend all.

Yeah, I am still annoyed with that sell too. Hard, slowly gained yards, only to be lost in the blink of an eye.

This is going lower still, for a bit anyway, (IMO) so not going to take more just yet now. Sentiment has changed (for the time being). Reckon I will get 360p. Bah! Hope that idiot spills coffee down his trousers :)

I laughed when I read the bit with Bobby thanking shareholders for retaining faith in the company. I wonder if he was also laughing when drafting that section of the RNS?

I wonder how many shares he and the other directors will be buying tomorrow? Unless it is literally millions, I will not feel remotely inclined to change my opinion here.

I guess the AGM will be first up though....

I too am a realist. However, if my glass is half empty, have I lost 50%, or more?

Did he really? LOL - that is one hell of a haircut to take. She must have had incredible diary-management skills.

Anyway, this one keeps us all guessing. See what happens tomorrow. Good evening all.

Thanks, Knowbodyyouknow. Yeah, very annoying that sell. It has knocked the stuffing out of this one.

Going to take a few more if we see 370's, which now 'feels' quite plausible at some point tomorrow late AM/early PM perhaps (seeing as I have given a crystal ball prediction, I might as well go big with it!)

Anyway, would rather some big buys take this back above 4 quid before I get any such chance :)

In terms of technicals, am I right in thinking circa 385p is the next level to watch, then 370p ish perhaps?

Seems quite a drop further after that from this price - but I am no technician, so welcome thoughts.

Naturally with a view to potentially taking a small amount more if it happens.

Hopefully. That sell has knocked the momentum, for now at least. The next hour will be interesting, with the trend in mind.

Anyway, to the person who blamed retail for why the price is not gaining traction and sustaining rises...well, in a way right, in a way, wrong!

Fair enough dallo :)

I hope for all of us it does do something special, even if in my case it would likely only be a matter of lower losses, rather than becoming an actual profit.

Either way, never a dull moment on AIM! GLA.

Do they know what they have to do, in order to avoid suspension from AIM? I mean, it should be a given, but with these jokers, maybe someone should call them and just check?

Not sure it can qualify as a turnaround for the ages just yet, Dallo, but assuming they post the necessary documentation in time, perhaps there might be life in this dog yet! Not counting any chickens just yet though :)

Well, I would never invest in anything those two clowns were a part of again. Even if someone gave them a cleaning job. Not sure you would be able to trust the hygiene standards in such an event, let alone achieving even a middling standard of execution. Not the first bunch of directors who should be barred from ever holding such a position again (but no doubt will suffer no such fate), but wont be the last either, no doubt.

Not sure I can be bothered to wait. If it is not suspended later when I get back, might just dump the rump for this year's tax loss. Not because the difference between this price and zero is much now, just to clear the junk.