Member Info for LWHL

Looks like a nice bowl formation on the daily. Might get a chance to add a few more in the 370s today or tomorrow, but like you, I am bullish right now. GLA.

Well and truly range-bound for the time being. Thought we would have made more progress by now, albeit slowly, but never mind. The thesis is unchanged, IMO. Hopefully it proves to be correct, lol, and sooner or later the SP should reflect that. GLA.

I retook some of those that I let go in the mid-8's. A return to 7 flat would not surprise me, depending on how the next set of economic data looks. Which, subject to the usual, will be another add point for me here. GLA.

OK, not a quid, but certainly a number close to the apparent offer that they deemed short of acceptable, from a suitor they did not share the details of.

Perhaps. I am very pleasantly surprised to see my earlier call looks like being wrong. And my pre-market buy orders never got close to striking. I would be happy to take a quid and move on. Or a full boardroom clear out. GLA.

Err... I was a shareholder here a while ago. Some in the investment pot and some tradies.

Touch wood, always made a profit here - but my investment pot would have been heavily underwater now if I had not seen the wood from the trees (lol) and let go of the lot.

For investments, I do a lot of research. That research led me to sell and make a profit at a price that would require a multi-bagger from here to reach break even.

Granted, my recent research has only involved reading the RNS's, but IMO, that alone is enough to feel that a 'low ball' offer would be the right way for the BOD to go now.

But, as always happens on these chat boards in these situations, the discourse descends into accusations of one sort or another, and become very tedious, very quickly.

So, I will leave you all to it until we get some further news here. GLA.

I agree with you, James. But I think a lot of holders here are either sentimentally attached to the company, or so underwater that the price they seek is commensurate with a number that would at least give them break even, or a small profit.

Obviously, I too would welcome a quick three bagger or more, lol, but you have to face the facts.

And I also think that the market is currently partially pricing in either a no bid, or a no acceptance from the BOD.

I think mid to low 20's is where the SP goes in the event of either of the above, unless we do see a refi deal that is better than one I anticipate, given the macros etc.

Anyway, always fun to speculate while we wait to see what actually happens. GLA.

I would be staggered if we do not see the SP drop and at least comfortably remain below 80p, until such a time as (hopefully) we get offers back on the table again.

But would be happy enough for you to be right in your more optimistic views.

Hopefully the key decision makers will act swiftly now. Otherwise, I can see this staying down after the likely initial SP dive.

Hubris on the part of the BOD, but I bought back in, not because I expected them to succeed, but because I thought things would move quickly once this update showed they had failed. Which I had indeed anticipated. See what happens. GLA.

I am sure I have seen this film before.

Hopefully the big players here will take proactive measures now. This BOD has failed once too often IMO. GLA.

I remember having a similar conversation here with another poster (forget their name now) after the very first speculation concerning Apollo was made. I appreciate your sentiment, and have experienced similar myself in another name in the past.

But let's be honest: an alternative to accepting a low ball offer is likely to be a financial arrangement that is at least as painful to current shareholders, and perhaps worse.

That poster did not sell on the spike up, as they too felt the business was worth far more at the time.

Obviously you can never say for certain (TW comes to mind) but I do think that pragmatism is probably the best way to go here, now.

But I am sympathetic to LTH's, employees and pensioners of WG.

Shame about that inside sell today. Enough to keep me on the fence and without a position with this name. GLA.

Ashton, I do not see how answering your question would change the previous premise, but if it makes you happy, and now my trading for the day is complete, I will answer more specifically, without giving precise odds, because that would require some deep calculations and I am not a bookie :)

Disko/drill: You said previously that RM confirmed that it will go ahead in 2025.

Do you know if there will be financial penalties/payment made to 80M, in the event that it does not? That would IMO make a difference.

You would generally not take odds on this, because it should be a nailed on certainty if a CEO makes such a clear declaration. Did RM confirm the scale of drilling? IMO that is an important consideration as well.

Jameson Land/Partner - I do not see this generating revenue for 80M. I think the 'acquisition' that led to this will be a dilution without reward to the other 80M shareholders.

Greenswitch/Production: RachT2 has provided detailed posts on this particular matter that are more detailed than I am capable of offering. Although basically I am in agreement with her.

Anyway, these are all opinions that time will judge right or wrong. As always, they are not intended to encourage anyone to buy or sell anything, but I think it is important to make sure that chat boards such as these do not become echo chambers.

It would be good to hear your own opinion of the odds on the above, since you seem so keen. Naturally, all would be taken in the spirit intended and like mine, with the usual not investment advice, DYOR caveat type stuff.

I will try to make time to watch that on the recording.

Have your pen and paper ready for all the usual buzz words :)

Oh, and if anyone here is going to dial in live and so can ask questions...ask them how the breast cancer trial discussions are progressing, lol.

The BOD has pretty much run out of road to secure the faith of the remaining large shareholders to rebuff what they claim is a low ball offer, IMO.

The details of the challenges the business faces have been covered extensively in the past week or so, so does not need repeating.

Anyway, one way or the other, we have a maximum of a few weeks to find out. Time enough, for the Deloitte deep dive to have concluded as well, I believe. GLA.

Sorry, 288p has some resistance as well. Given I was not expecting a finish above 276p today, hopefully we can push on further tomorrow - hopefully :) GLA.

Hello Ashton.

I see you posed a question for me earlier today. Apologies for the late reply, but I have been somewhat busy :)

In brief, I thought that my reasoning and assessment (and therefore my ultimate conclusion) had been outlined in a number of previous posts.

Fresh material can now include PMI taking dilution/not increasing their position here, within, what 10 days of their first TR-1?

They make mistakes like all of us. WBI comes to mind as one of the blots on their copybook, for example.

As for your three specific points...show me the money! Or at least a revenue stream that allows the company to stop diluting the living daylights out of current shareholders.

1. How many asset sales have they now concluded? At least the 'shovel ready' Dundas must be a slam dunk, surely?

2. How long is the current cash runway?

3. Anyone else can post as and when they wish. Bull or bear. You have my consent to do so before Ashton, if you are quick enough, lol. GLA.

I wonder if the Schroders decision was influenced to a degree by their experiences at PFC in the past?

Either way, things have certainly got interesting again here.

I wonder if we are going to see an early morning drop, to fill the gap below, or if it will be a FOMO frenzy?

All assuming no pre-market RNS, with either offer specifics or confirmation that they have walked away again. GLA.

Well, that turned out to be a good day for new investors/traders.

292p-ish and 3 quid are the levels that I see as being next resistance here.

Although it is never wise to count chickens, so let's just see how tomorrow goes...GLA.

That perhaps explains the net short closures these past few days.

Back in for another small punt :) GLA.