Member Info for Only1Gibbo

Are they? really? volumes look fairly low at the moment to me. I'm not sure that we are seeing vast droves exiting, more like a lack of buyers causing the price to drift lower.

Yrabs, I don't know and don't really care to be honest who actually has to sign it off. Surprised that knowing that means that much to you. At a guess I'd probably say some sort of public accounts committee, or maybe its the President, or his ministers? who knows , but it really doesn't matter to me. Yes frustrating that it takes that long , but that's Africa. If you're not prepare to accept that, you'd be better investing in company that doesn't focus on emerging markets.

Why don't they sign it off prior to the contract signing? A fair question, wondered that myself. Maybe - and it is only a guess, maybe they want to see exactly what is written in the contracts they ratify before making a decision to ensure that nothing else creeps in to any of them afterwards, that would seem sensible to me, but whether that is the answer I don't know, nor do I really care.

Why did Pete and the client go for 3 months? I don't know. Maybe he asked how long it would take and that was the answer he received? maybe it was his best guess because no one could tell him? maybe that was the earliest time we would be ready to commence operations? Not everything is certain in life, again if you cant handle that, best not to be investing in a company that focuses on emerging markets.

But Yrabs you haven’t answered my question. It was a fair one to ask. You’ve stated that you would prefer him not to have RNS’d it before ratification and I am asking if you would have been happy in the event you had decided to sell on the basis of a lack of news only to find out that a contract had been agreed and signed before you sold. Your refusal to commit that you would have been happy very much suggests that you would have been unhappy, I know I would have been in that situation, as I viewed it as material news even though there was a further hurdle to go. With the information it is then my choice whether to take Pete at his word or not and decide what the potential risk (if any) of ratification not taking place is.

So given that you have stated that he should have waited for ratification but it seems that you would have been unhappy had you not had that information prior to making a decision to sell, it appears that in your books Pete was in a no win situation and you just want to throw bricks at him whatever he does.

I guess you’re one of those that if someone gave you a gold ingot you’d probably just complain that it was too heavy.

Okay that’s fair enough Yrabs - you clearly prefer for it not to be RNS’d. Let me ask another question and answer honestly. If you had sold in the period between contract signing and ratification taking place and had subsequently found out there was finally a long awaited contract signed that you knew nothing about albeit that it hadn’t been ratified would you have had any complaints that you had sold not knowing a contract had been agreed and signed?

Yrabs - a question for you

Would you have preferred that Pete hadn’t RNS’d the DRC until ratification had taken place so that you wouldn’t have any concerns about any delays? Or RNS’d as he did once signed?

That didn’t post very well so here goes again

Back in Jan I posted this selection of fortnightly numbers from Lunghi
Date PAX Flights
16/9 - 30/9 3131 19
4/10 - 18/10 3310 29
20/10 - 1/11 3043 24
9/11 - 23/11 3616 27
11/1 - 25/1 3482 22

Just took a look at current numbers
22/8 - 5/9 PAX 9151 Flights 59

These are arrival numbers and the PAX include passengers transiting through Lunghi so hard to work out exact numbers to base WSG revenue on, but it does show the scale of recovery with nearly 3 times the number of flights and passengers since Q4 last year.

Back in Jan I posted this selection of fortnightly numbers from Lunghi Date PAX Flights 16/9 - 30/9 3131 194/10 - 18/10 3310 2920/10 - 1/11 3043 249/11 - 23/11 3616 2711/1 - 25/1 3482 22Just took a look at current numbers 22/8 - 5/9 PAX 9151 Flights 59These are arrival numbers and the PAX include passengers transiting through Lunghi so hard to work out exact numbers to base WSG revenue on, but it does show the scale of recovery with nearly 3 times the number of flights and passengers since Q4 last year.

Good to see you too Mike, along with Martyn, HB & Malcolm. It was an excellent day out at HQ, well worth the effort. 2022 - bring it on!! :-)

I’ll be there Mike. Also, I thought it was 20+ dignitaries from overseas countries going?

Absolutely AIMing, forecast cashflow in 2022 is £4.1m, that is after any expenditure on the existing MSCs. So hopefully we will be able to fund additional MSCs internally. Of course, if we manage to land something off the scale, then that might not be enough, but at least, as you say, we’d be raising at a far higher level then.

So funny, you can feel the desperation in Vander’s posts, trying to make a 20 year $0.5bn contract seem like a bad idea lol.

Sounds like it will be a big deal, with ambassadors and high commissioners from over 20 countries pitching up. A superb opportunity to showcase the services and products we can provide.

Yrabs, I think you've been hacked. There was a positive post from your account a few minutes ago lol ;-)

Iran wasn't unsigned and it wasn't Iran that decided not to proceed, so not really a sensible comparison. We clearly have boots on the ground, just need ratification sooner than later to ensure revenues start to flow on time and ensure the coffers are topped back up.

Yes and they were confident of getting to 26p

It was a bit more than someone falling off his bike. Motorcyclist decided to cross the runway in front of a landing Dash 8 with 23 people of board. Like many of us shareholders, the cyclist didn't get his timing right and was lucky to get away with non-life threatening injuries. On the plus side, it does highlight how poor security is there and that they need our services. It could easily have been a larger aircraft and with a potentially disastrous outcome, particularly if it had been a more sinister action than someone taking a shortcut across the runway.

Oh dear Vander, still struggling with the facts are we?

RNS dated 16 May 2016.
“Under the draft terms of the contract WASS would generate revenues in excess of £30m per annum”

I’ll even give you the link for it as you seem to be struggling.

https://www.lse.co.uk/rns/WSG/middle-east-contract-letter-of-intent-kad51pq7ttudydg.html

Absolutely correct Aiming. Funny how someone complaining about the accuracy of statements is so inaccurate with his own.

Factually incorrect as usual Vander. Iran was first announced on 26 May 2016, not Dec 2016, when they announced that a letter of intent had been received. I’m quite sure that had been negotiated for some time before that, so as usual you are talking cobblers.

Isn't bordering on criminality just another way of saying there was actually nothing criminal about them?