Member Info for techguru91

On 24 December 2024, the Company announced the resignation of the executive directors. The board now comprises two Independent Non-executive Directors ("INEDs"). A handover process has begun.

The INEDs are directly in touch with key members of the management team in Africa. Woodbois' business involves clients in emerging markets, international logistics and operations in Gabon. Following discussions with the Company's advisers, and representatives of certain Significant Shareholders of the Company, we expect shortly to appoint a management company to provide an immediate solution to support the team in Gabon with internal logistics, shipping and international sales. In parallel, replacing the executive directors with lasting appointments that ensure the long term success of the Company, is the priority. A further announcement will be made as appropriate.

The focus of the business continues to be to restart production which has been delayed due to, inter alia, the congestion in our internal logistics chain. Further to the Company's announcement of 9 December, during December 2024, 5 containers were shipped from the port of Libreville. It remains our target to achieve production of up to 50 containers per month which we are aiming to achieve by late spring.

Thats a bit of good news for WBi holders finally. I hardly think Robert would have TR1'd such a large position after all this time if something big wasn't about to happen. Ducks in a row comes to mind ;)

Interesting that there was an RNS in September from the company indicating they suspected Robert held a TR1 notifiable position, but clearly he didn't want to comply with the TR1 regulations due to Guido being in charge. Looks like we have a united front going forward. Lets see what Directors are appointed to the board next

Pretty gobsmacked by how cheap this is. Imagine as January ticks along we will attract more & more buyers at these levels

Yea they trying hard to keep it below 0.2p until board is announced. Expect a big wave of buying and some huge blocks from major shareholders once they have the control

Someone wants all the shares and has increased buying pace recently. Maybe we see 1p in Jan

Mike's tweet today

https://x.com/DDS_DocHoliday/status/1874727405354672601

Show just how much cash in bank they will have. Very VERY strong position for 2025

I've said it before and i'll say it again... I'll be very surpised if the opportunity to add shares at 0.2p or lower is still available next week. I'm expecting an explosion higher shortly

Yep they are getting a grip on things. This will likely all start to look more positive very soon. Once new directors appointed its going to be hard to justify such a low Mcap, only reason it is down here is because of the uncertaintity surrounding who will replace Guido. This will likely be one of the best performing shares in terms of % upside in January

Lets hope for a strong 2025 for WBI with many profits made from 0.2p. I think probabilities are pretty high & in our favour

I expect next week we get news on new management and then we are off to the races. Way way oversold and undervalued

Wait till new directors announced, then it'll be 0.3s. Until then a buyer continues to sit passively on the bid hoovering up as many shares as possible

Have to wait for them to announce new team. Wasn't necessarily expecting one today. Early Jan should have new directors i reckon and the turnaround can really start as its way too cheap down here

Wouldn't surprise me. Feels strong. Expect to see new directors announced

New team to lead WBI back to where it belongs.

Forward Orders look very promising...

"Woodbois' key existing major international clients in Libya, Iraq, and South Korea have, in aggregate, placed indicative purchase orders for over 9,000 m³ of sawn timber. This is valued at approximately USD 4.5 million and covers the next 12 months with the bulk expected to be shipped in the first half of next year. The volumes under these orders are dynamic, and the directors expect further orders to be placed during the course of the year.

The Company currently has open contracts for veneer, whereby clients will purchase Woodbois' entire expected production for the next six months of 6,600 m³ valued at approximately USD 4 million."

Cost cutting and streamlining has meant reducing workforce in the immediate term. The largest shareholders were tired of Guido's leadership and pushed him out the door. Next chapter about to start

Production to be maintained throughout rainy season

"During the rainy season, harvesting wood from our concessions is more challenging due to heavy rain and poor road conditions in the forest. Woodbois has initiated the purchase of 2,000 m³ high-quality logs per month from third parties in Gabon who currently have stock available. This will ensure uninterrupted production levels, and supply chain reliability."

Having had comms with the broker and various members of the team such as the newly appointed Clive Roberts, i'd prefer to focus on the RNSs and the facts rather than speculation on bulletin boards.

I think its highly probable that the market properly comes for these in January. No way they stay down in the low 0.3s with such a huge lump of cash due to be wrapped up in the coming weeks

The last business update suggests this is the opposite of a dead duck. Its been a challenging year or so for WBI and we all know why. However it looks like the turnaround its just about in play.

- Increased production

- Protected supply by sourcing 20,000m3 wood

- Fully stocked warehouses

- Fully stocked processing factory

- Receives payment within 10 days

- Cashed up

- Ports delivering stock

The large shareholders were annoyed with Guido. The business operationally was doing well but Guido made some poor decisions with timing and price of recent placings to kill momentum. It was time for him to be forced out and some fresh blood added to the team to join Clive Roberts. Im confident we will be significantly higher in January

Funny because the last business update, which was approved by the nomad, shows that they have huge forward orders for next year, large cash balance, better payment terms and decent stockpiles. Business is very good and continuing to operate as normal under the heirachy within the company.

The corporate leadership is going through a change as Guido was pushed out the door by the largest shareholders. We know that because of the RNS converting non voting shares into voting shares. So you can continue trying to scaremonger at the lows but the reality is the business is in a strong position and the shareprice does not reflect that...yet

Watch this space

I'm not sure why you're here Sarah? Its pretty obvious that Guido was pushed out by the larger shareholders. Read the latest business update, things are actually looking very positive. This is just a corporate change at the top. Its business as usual at WBI and they have alot of cash and a very positive 2025 outlook. The shareprice should never be down at these prices and its clear that there has been a battle ongoing behind the scenes for control. As always with public limited company, those with the most shares always win. They have £1.5m cash and forward orders already of £4.5m going into 2025. Their NAV dwarfs the current £9m Mcap. Its crazy cheap

Once Deal is finalised and first half payment has been paid. 2nd half due in March. ECR will have nearly 3/4 of their Mcap in cold hard cash by end of Q1 if shareprice doesn't move higher. I suspect it will though