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I'm not new to investing and I honestly don't know why we ended up red today. We had a higher than normal spread and volume was low. Stayed pretty much flat all day.

17p is a good entry point, most sellers have gotten out by now and not many wanting to sell at this level. It's also not moving up fast enough to attract the trader pump crews.

Hebridean9, the market is forward looking, not backwards. :)
I care more about 2023 guidance statements than 2022 figures. We already know the 2022 results as of December 30th and they won't be pretty due to deferred revenue, but what they say about 2023 is key.

What is your point BlairPeach, other than trolling? It's almost like you expected JW to have a crystal ball and see that the delta covid variant would decimate the travel industry for another year in 2021. Back then the whole of the travel industry was hopeful of a normal summer. I had to cancel my travel plans for a second year running as it just wasn't happening. Hardly surprising the cruise companies would postpone work.

https://twitter.com/HarlandWolffplc/status/1629121196393394179

I think this is the work for the Greenland mine contract.

Best we have on the 77m is:

"The Company will be receiving a significant proportion of the investment required for the Recapitalisation Plan from the project directly. The Company will also look to capitalise on production savings with new plant and equipment. It is envisaged that £32m will be financed through additional long term leasehold improvements, medium term asset finance and the Company's proposed new enlarged debt facility with Astra, which is expected to be completed by the end of Q1 2023."

Seems to be consolidating nicely around 17p ready for the next leg up. Not many sellers around either. It's boring to watch and not even any trolls to counter, giving me time to focus on other things. :)

Has anyone checked on Suhail? He was overly confident about his short at 14p last week that it had further to fall. But he has been missing the past couple of days.

Slowly does it. I'd take another 3-4% tomorrow and finish between 17.5 and 18.

For everyone selling shares in the high 16s for a 10-15% profit there are people buying at 17p hoping to profit. Patience needed. Price is going in the right direction and moving in that direction faster than I was expecting after the sell down to 14s.

I am not sure that I have ever seen a share where there aren't sellers. Without sellers, the price doesn't rise because there is nothing to buy. MMs increase the bid to encourage people to sell, then sell them for a higher ask. That's how the market works.

There's a battle at 17p going on right now. I think today is too soon for 18p.

Stokey, so realistically they are unlikely to be granted a second appeal. Any ideas how long a first appeal of the JR might take? And when are they likely to announce an appeal if they do so?

I could totally see the share price spiking on a successful JR outcome only to take a beating when any appeal is announced. All noise if you're longterm I guess, as we will win the appeal too.

ThisTimeNextYeer Hopefully they run out of cash and are unable to appeal. They have a Just Giving pagrvwith £12 on it. I imagine the JR will cost them more than that if they lose, but if Friends of the Earth are paying for it then money likely won't be an issue.

Hopefully if there are any appeals then they are quick and not delayed, but progress in this country is always slow due to endless red tape.

I've written IM off until they start building it. If we win the JR, the environmentalists will appeal and then the appeal dates will be delayed again and again. Then they will appeal the appeal decision and that too will be delayed. I think someone said they can appeal a maximum of two times? They just need to delay it long enough for the upcoming Labour government to block it.

Could be right at this rate. I was expecting the move back to the 20s to be slow.

HarChris, when do you think AIM in general will recover? A lot of stocks on it have been battered in the past year. Inflation has peaked and interest rates will peak soon, gas prices have plummeted to 18 month lows. Surely the small cap markets will turn soon? I notice FTSE 100 has been hitting record highs as people look for safer investments.

I think part of the problem is that people don't read RNSs. I've seen a few people saying they don't know where the 77m upgrades are coming from yet that was explained in the February 1st RNS.

"The Company will be receiving a significant proportion of the investment required for the Recapitalisation Plan from the project directly. The Company will also look to capitalise on production savings with new plant and equipment. It is envisaged that £32m will be financed through additional long term leasehold improvements, medium term asset finance and the Company's proposed new enlarged debt facility with Astra, which is expected to be completed by the end of Q1 2023."

But of course people who have sold and want in cheaper tend to conveniently ignore factual information ans they will always have a reason for why people shouldn't buy. I guarantee once we get finance sorted then the warrants will be highlighted a lot, and talk of a placing will continue.

Sell now for 200m or wait a couple of years and sell for 500m? :)

DJ do you think former shareholders may be able to sue them for damages if it is proven that we invested and stayed invested under false information? Shouldn't make a difference if you currently hold or sold after the unexpected September news, we all lost a load of money here for the same reasons. In my view they gave a deceptive view of the company in multiple interviews over the summer and have been negligent. Watching closely to see how it all unfolds.

That's true. A high volume day like that can essentially do a months worth of trading in a single day and give a monster rise like in November. I don't see finance doing that but an unexpected large contract would. Multiple large contracts have been hinted at and so far we've only had one so that day is coming.

I see people will complain about the finance deal because it's debt and will come with warrants. They'll conveniently ignore that it means we'll not be having a huge placing.