The thing is though Jim, we have heard it all before… it’s over 18 months since DRC was signed… and he still hasn’t explained the new supply chain for its operation yet… sounds “Tema esque”. I also note for the first time he mentions SL airport expansion… it actually opens in a few months Pete so not sure why he said “year”… also if it’s that close, and there were big bucks in it, why not elaborate on its significance?… it’s because there is nothing in it for them I suspect….. Pete needs to resign… end off. B
Reece… nice try… and prey tell … what happened to all those contracts Pete had lined up in 2021 and then 2022?….what makes you think we won’t have those pesky “ratifications “ for the new ones.. you know, the ones that let Pete place by the back door for “expenses” on contracts that never happen…. I do expect a raise early 2023 set against a new msc he invents that just won’t happen, but leaves him with a cash top up to his dwindling pile. Just a Ponzi scheme now this little gem….B
Lol draft…. “Discrete and secure”…. Isn’t that the Wsg strap line……?B
Sorry… make that 30% dive…B
I like the carrot dangling though….. new MSC in place by 2023 …. Sounds exciting… hope it’s another Tema… remember how excited he was when he signed that beauty… now it’s a divorce looming. And when he says we might divorce early, rhymes should he will. But guess what… all that resource will go to the new msc that he has just invented…. Lol…. Wish I lived in petes land of make believe….. 20% dive today me thinks… B
Where are the new resident rampers…. Pete must have cried in his soup trying to make the profit warning feel like success. Tema on its way out the door… funny how he never mentioned the “tensions” with scanport before today!….. must have just happened Pete I bet. DRC won’t happen this year… everything else is just jam….. back to a penny and still no sign of Pete resigning…. Sigh…..B
I agree hector… we stand today with an equivalence of 163 billion shares in circ compared to the 5 billion to when I owned my 2million @ 0.6p way back in the BP licence cometh days…. God has Aladdin proved his cave ain’t as glittery as AP suggested…. Good luck all. B
Bunsen, I like your enthusiasm…. Unfortunately huge markets and Wsg do not translate to new business or success if history is to go by… they should have made more of the pandemic opportunities but they didn’t, however Pete made us think they could and where…. Think of Menzies, mango masks and vending machines for some of their classic moves..so now we wait for DRC and Liberia as well as KSA for our new opportunities…. If you prefer gold standard ideas, look no further than the $500m dollar ferry business that well er… grounded……literally lol………but I am sure KSA will be our new winner…….B
Bunsen, I like you sharing what you believe…. I believe in father Xmas …. If it helps… B
Are we there yet?…. B
Opto… I love your optimism. So in the next 10 weeks, Wsg will announce a contract, stand up the resource, deliver the project and get paid in order to count it in this years accounts…. Ok… I believe you. B
So….. 2 and 1/2 months to go until year end…..and we are now 2 weeks in to Q4.. let’s remind ourselves what we know… and don’t know!
So
we know DRC is due in Q4.. coz Pete said
We know Liberia contract should complete.. coz Pete said
We know that revenue should be about £7-£8m for the half ( revenues of £11m for the year)
We know there have been no major contracts signed in the last month….
What we don’t know
If Pete has run out of money
Why Pete is not mentioning the new SL airport extension opening in about 3 months time and it’s impact on Wsg
Why DRC ratification is still taking so long
Answers on a postcard Pete……B
There has been a fair number of 100k sells the last week or so, looks like someone wants out at any price and causing the drop on low volume…. It cannot really be placees as they paid 12p a pop….. frustrating this one and although I feel like topping up, I would rather wait until the seller has gone… there has been no TR1s, so doesn’t look like a major shareholder…..B
The placement was for….
The expansion of the process plant is now nearing completion and, with the new nickel operation due to start up later this year, is capable of generating significant funds. The final steps of the expansion project are due to be completed in Q4 2022 and, once complete, all of the valuable materials contained in the raw materials will be recoverable and no tailings or other residues are expected to be retained on site.
So not long to wait hopefully…. B
Just cannot get going….B
Well it’s now well below the 12p placing….disappointing as I expected 12p to be the new floor….but q4 is expected to be good, so hopefully pick up in the next week or two….B
We seem to have had a run of poor UTs this week.. sub 12 feels like a buying opportunity. B
Ramptastic…. Already out of date as CRUX just lightened their position… something you wouldn’t do if it was about to 5 bag….. B
No true investor would touch this woodys… this is a gambling or traders stock only… 13 years of history tells you that…although I do concur that going from 70p to a penny doesn’t need to be explained…B
Fun day for some…. Roughly ended where it ended yesterday if you rule out the weird UT….apart from we have new traders to join the pesky traders… Pete will be pleased. B