Member Info for Samthespaniel

Is this a major sell ?

WOW!!! This reads as bad as the Post Office scandal.

I got out at 0.5p a week ago, having topped up continually for over a year to reach 0.9.

Best of luck chaps.

The only people making money since its inception seem to be the directors. What's new in business!

Someone is telling 'porkies'. Who is it?

Is he waving or drowning?

Its only a recollection that Theuns had crossed my line of sight at some time over the past few months. I do not wish to put people off Woodbois without hard evidence. I made a conscious decision to cut my losses because the company failed to keep the shareholders informed and Valsen/Ziddi appear to be the only people providing information about the situation in the depths of Gabon.

The final concern was the record of Mr. Theuns, which I could not verify from internet searches. Was he previously involved in a failed company in Africa, or am I mistaken?

After remaining optimistic about this company for so long I felt that the lack of openness by the new CEO and the messaging by Valsen convinced me to fold my 1m shares at 0.5p. Kept faith with the board since buying first in July 2022 and should have sold at 0.98 instead of buying.

I wrote this post at the end of May. Since then, there has been a large number of posts, mostly unhelpful.

The accounting industry is struggling to service the business world so I find the RNS today plausible.

Didn't believe him then. Don't now!

This company has a history of late reports. See previous RNS's.

Gives the impression of being run on a shoestring. You have to be prepared to lose everything in this market. But you may get a pleasant surprise.

You should get your wish at the end of this week. The RNS of 8 February 2024 was very upbeat and said that the 2023 results should be available at the end of May. In my view it ought to be accompanied by a statement on several subjects mentioned in the RNS plus the loss of the road contract. The progress on carbon credits would be one subject that deserves a full update. Backers selling their shares should be another.

Many have been on this rollercoaster for some time and are forever optimistic that there is good news around the corner, whilst many people have come late and just play the market.

The end of May may shed some light.

What is going on here? Late massive trades yesterday together with an exceptional number of meaty buy trades - just before the promised statement on 2023 trading. What does somebody know that I do not!

Thank you 'Investingeyes' for this info. It appears that the sub-contractor to WOODBOIS has been asked to carry on the project for what appears to be a dirt road (at the moment) through the forest.

see here and tick english translation:-

https://gabonactu24.com/2024/05/17/revocation-de-woodbois-pour-defaut-de-performance-west-co-prend-les-commandes-du-projet-routier-dans-le-departement-logoulou/

This deserves an explanation from WOODBOIS CEO.

End of May promised report gets closer. Nearly 100% buys at end of play yesterday. This share appears to be a favourite for many gamblers.

This is the translation:- We give each other news..." and "WOODBOIS Gabon or the reasons for a stalemate" . If this is true, it

seems like a problem over a negotiation with the staff - about unpaid wages?

11 buys yesterday at about £25k each so its not clear why so many large buys - with the negative information from 'Gillor'.

Anyone know if the warrants are being cashed?

The RNS of 8 February 2024 said this:-

The Company expects to issue its audited 2023 results in May 2024.

The Board is confident that 2024 will mark a positive and decisive turning point for Woodbois, turning the Company into a reliable, cash generative and profitable business with a high-quality investor base.

Suggest you hold for a little while longer. I have always been positive about a 'light at the end of the tunnel' despite the problems that the board have had to deal with. I've bought constantly from 5.4p down to 0.4 and back to 0.6. I'm at 0.9p average. If the shares start to take off, as I hope in May/June 2024, the upside through 2024 will have justified the decision to stick with this company.

6m bought today by one person at 0.62p, which has turned the tide. At this price these shares look good value.

Couldn't resist another batch of shares at this price. No news is good news in my opinion.

Me too. But tempted to hang on a bit longer provided the Russian & Chinese threat in Africa does not grow.