RE: Spike1 May 2019 20:19
End of the day I’m neither ramping, nor deramping and unlike many on these boards nowadays I’m always transparent with my holdings, and offer balance where I can. Sadly there is too much of the pointless rampers, liars and agenda driven individuals that will tell you the big bucks story whilst quietly selling out, leaving inexperienced investors to hold the baby. You can generally spot them a mile off, with the comments they make yet each time asked to relate those comments to RNS facts, company literature or openly debate the post, they revert to abuse or kindergarten replies....normally because they don’t actually research the company nor understand what they are investing in.
That is what we are up against now, daily on nearly all AIM shares. I hold significantly in SXX and those boards are great, simply with FRR even now, same..open, knowledgeable and respectful even after delisting!
Whether you like it or not, the company is loss making, has cash burn and will not generate free cash flow until 2020 at best...IF nothing changes such as overheads and other operational expenditure or commodity prices fall. A lot can happen in a year.
As I said yesterday and again today. Daily ramping with silly uneducated posts is not helping. In fact it’s likely to put new investors off reading this board, ie more selling than buying
The mcap is about right based upon the financials and prospects at this stage at around 0.25p share price. The market, whilst bearish, doesn’t like anything bar dead certs in this day and age. Look at the likes of SML, SXX, BLOE, WEB to a certain extent.
Until free cash flow is generated (and whatever people say, the sheik won’t be doing much as it’s been done and you’ve been told 2020), it’s not going to the silly heights some suggest daily.
Yes the Sheik may help...but how...we don’t know. We know it’s currently about the 11th-13th cargo lift, which is already planned for next year, so what is the Sheik going to do now? Nothing is my guess as there is no added benefit at this stage, today, next week, next month.
If he isn’t flipping (which we do not know either way), the reality is his presence is long term not short term.
Hence bottom draw until 2020.