Member Info for Xenor

Let's not delude ourselves, I agree with Wyndrum that this is a high risk investment until finance is sorted as there's too many unknowns. Once that's done we can all relax and enjoy a slow rise to new highs, but until then it's not an attractive investment for a lot of people. That's why we are 14p. However that higher risk comes with higher potential rewards for those buying at this level.

The company is clearly doing well this year, that's evident by the fact we haven't ran out of cash despite maxing out the Riverstone debt early in the year. So I believe JW when he keeps saying there's no rush to get just any deal done.

The interest rate forecast will help us get a better deal, for the same reason mortgage rates are currently dropping. Maybe holding out another month or three will get us an even better deal. If cashflow was a problem we'd have signed a deal by now.

Si, it just seemed like a weird comment to make. Like why would a $1.5m contract be a box ticking exercise? Why try and look for negatives in what is otherwise a positive RNS? It is the first contract from our newly opened US office, that is newsworthy. Hopefully the first of many and with increasing value.

"Are they just trying to look to having more international work to tick a funding box?"

As I have said before on here - if you look at the criteria for UKEF we qualify on the M55 contract alone. It's irrelevant whether this contract or even the Sea Rose helps.

Sadly Hebridean9 will be proven right here on his rinse repeat comment. Expect loads of deramping like the above unfounded comment over the next few weeks.

Good points, Kaeren and Broomtree. It seems that I am too quick to write this one off. It does seem likely that HARL's fast ferry service could destroy the business case for the Steamship company's loan, and cause them to pull out. I think without the fast ferry service this would be a lost cause, hence why JW has gone down that path.

I'm writing this one off to be honest, based on

"should the Isles of Scilly Steamship Group’s plans to privately fund new vessels not proceed"

Why would they not proceed? We can't afford to build the new ships without the funding so they won't have that competition threat as long as they go ahead with their build.

Interesting that he said Arnish. I thought we were only working on barges at Belfast and Methil.

Man, I thought we were done with these 2022 accounts after the June 30th RNS. Seems the trolls now get a third round of deramping from the 2022 figures. Already started on ADVFN.

The rise started around the same time the Sea Rose was confirmed. So that may have been a trigger point for some, or maybe some who sold on the way down have gotten back in as a result of that contract. I keep saying finance is what matters here but that contract getting confirmed was another big milestone on the route to 2024 break even.

I'd only be nervous on a price increase if I were out or short. Not suggesting you are either, but why is it making you nervous? Our share price has been yoyoing between 12-18p all year so nothing new.

Although I must say it is surprising me. I didn't expect to see 15p again until finance was sorted. I still suspect there is a background buyer driving this increase but all speculation of course.

Good find. That's fast, I was expecting next year on this.

If the path to 7 bagger was that straightforward thwre would be a stampede for shares as the market is supposed to be forward looking.

15p was a pipe dream a couple of months ago. Don't underestimate the ability for CPI to surprise people.

When I crystalised my loss at 17.4p people on here were saying I should buy back at 17.7p. Thank god I didn't. I didn't even buy back in low 16s because it took so long to get there I put it in a different share instead. Still watching this with a potential entry at some point but I don't see it being above 18p in the next 6 months.

It's all speculation until there is a TR-1.

What we do know is that there were several 300k after hours trades a few weeks back. I can't teade after hours, can you? Who can? We know that were were almost two weeks worth of 25k tranches evenly spread four times per day. We also know lots of 50k tranches have been going through this week with a few larger ones.

Make of it all what you want. I'm happy to speculate that there is a background buyer, hence the 30% rise in share price from the lows. It might not necessarily be an II, could simply be a high networth individual.

I'm not sure why you needed your own thread for a response.

Regardless of how right you were, there's never any reason to come on to a board telling people who lost a lot of money "I told you so". People already know you were right. I suspected this outcome could happen when I took my scraps at 10p, but never felt the need to worry people.

I agree that everyone needs to learn from this experience. 100% on never trusting the BOD too much. You need some trust otherwise you shouldn't invest, but always be suspicious. Rarely do they have your interests in mind.

The problem is you are screwed no matter how much research you or people you trust do, if the company is lying to you about its financial position. You like to have a go at Know0 but he is a victim of this BOD's misinformation just like the rest of us.

Noticing a lot of shares on AIM have or are going the same way as RMM. There are turd shows everywhere. The market is corrupt.

Sharehead, can you tell us what Shore Capital have been saying for the past 5 years and how accurate they have been so far?

I was led to believe that once the company offloaded all those companies to pay off debt that the company would be doing well. Even the people who were pushing that on this board last year have disappeared. People have gotten this share wrong.

Fair point Wyndrum but you'd already be 30% up if you bought a couple of weeks ago at the bottom. It's not like the information on the finance deal has changed since then.

We are doing really well this week when a lot of the market is struggling.

Wyndrum your charts are going to get smashed into a million pieces when the finance deal lands.

It does feel like there is a big buyer here however. There's been signs for weeks with the after hours buys and the scheduled 25k tranches, and now the 50k tranches today.

LWHL, they are all busy turding up the ADVFN board.

Averaging down to get out is dangerous... It could always go lower. In reality it will keep bouncing around. There's probably a good 10% trade in this right now.