Member Info for Seawolf

How sad it is when posts are removed that reflect facts, I wonder why and who was behind it!

Despite the RNS which contains little that we didn't already know, what is the future for this co? When was the last time a director invested anything in this co? Certainly not the current incumbents! What of Puno? Production? Dewatering? (Joke, but not funny). Dessimation of share price, it's hardly surprising, get a grip Lola! Gibbo, I have tried too on several occasions, no response! Has anyone ever had a reply?

Beebong, they have 12 months or its curtains imho.

Martin Bloom has done a good job in as much as the losses have been significantly reduced during his short tenure. The challenge ahead is to be cash generative over the next 12 months or I fear it will be a struggle to keep going. Commercial contracts with high volume and profit is now urgently required. The game is afoot Watson!

Did anyone from this BB attend the AGM yesterday? If so is there any feedback other than the fact the company is still up the creek and paddling with hands as they can't afford paddles.

Shut the French office, and two of the three offices in the Far East! This is still a binary share, all or nothing.

Milliano, I reckon that this price is break even and those that paid anymore are proportionately out of pocket, any lower and you might make pennies, the real question is can The SP for BOS rise significantly above 8p and by how many times? This will be you denominator for multi bagging! I have suggested hold as there is no point selling, this was after all a punt

I have today received notification from my broker to say that consolidation is 2992:1 (Fte:Bos) following acceptance by shareholders. Like many I suspect that it will be at a loss and future profits will depend upon the success of the new company. Break even for me is a long way from 8 pence! Bottom drawer now as this may take some time. GLA

Oh dear another placing to raise capital, when will this company stand on its own feet and show some ROI?

It would seem it was declined in favour of samancor. I suspect that it will be another six months before we have a final resolution. We will be left with a shell company as all of the assets will have been sold off. There is then of course potential to do something else with this shell, similar to FTE.

Mohi, I can't see any detail either and fully agree that the creditors win either way. My main point is that, it isn't a done deal yet, the company has not yet been sold.ever the optimist, you never know shareholders might even get a little bit, albeit nothing like what many have invested.

There is a second offer on the table, please see the Ifl website!

Looks like a possible sale for 720 mill rand, little or nothing left for shareholders at the end, once all creditors have been paid. Not a good day for us I'm afraid!

What a bunch of "Masterbakers"

A case of sitting it out now to see what scraps, if any are left. Total write off, anything back further along the line is a bonus

Last week! Glad that I didn't, nerves of steel (not), more like jelly!

AL75, it looks like only you and me on this BBM, but we will need a few more days like this to get back to where we were! Have a good weekend.

AL75, In my personal opinion this company has turned a corner and we all should see some improvement over the next 6 to 12 months, I've been in this one too long and have seen a miserable decline. I hope that this is now at the bottom with the only way up. They have worked hard to reduce costs and improve profitability and sadly forces outside of their control have conspired against them, hopefully they will continue to work towards good profit later this year.