Misty Creamybib
10 Nov 2016
Open Offer Any thoughts on this?Well subscribed? Good value?I hold SXX as well and the open offers clash - Decisions decisions...
Seagull2
22 Sep 2016
Project pushed back another year Management lost all credibility and no confidence in what they say now. Thank God sold 2/3 rds of my stake when above 50p and put money in Solg. Sold my remaining holding now and may buy again in future but, think be mad to have a holding now with this uncertainty and untrustworthy management. Seagull
noidea1960
18 Sep 2016
Re: Got to be a takeover target now Holding my breath for the SP tomorrow am........Management have some explaining to do as to why they need so much more than the initial budget indicated some years ago.
Seagull2
18 Sep 2016
Got to be a takeover target now Sp on its knees and market cap way below the asset value of the port. Opportunity for white knight to save the day and pick up a bargain! They need to host the for sale sign now asap so, existing investors see some of their patience rewarded and don't loose everything for trusting the management.Views welcome Seagull
Seagull2
17 Sep 2016
Stunned by late Friday rns When they announced less than a month ago where fully funded and stated at start of week everything was progressing well! Not sure how Ghandi can be left at helm and just made operations guy a director! Clearly not honest and can't be trusted and have proved incapable to managing this company.The institutional investors need to get him out and get someone credible in.Seagull
jezza51
17 Sep 2016
Re: ship repair Worse than I thought possible. Guessed they might need 20m. Not sure they will raise 36m. Bank support is going to be difficult so will need 15m of equity. 3 for 1 at 10p - tough ask - they need to get a strategic and capable port operator to underwrite any fund raise. Glad I only bought 10000! Like a lot of Indian aims all a bit crooked - hey ho
Seagull2
12 Sep 2016
Re: Time for an update These sound like gud apointments this morning so, let's hope share price starts heading back towards 50p and beyond over coming months and issues re financing and progress will be clarified for us long term shareholders. Don't think lord Flight with his experience would take roll if port wasn't heading in right direction so, that's a vote of confidence in the project as far as I'm concerned. May be he has been brought in to raise more funds from institutions. Time will tell but gud news in my opinion. Good luck holders. Seagull
Seagull2
07 Sep 2016
Time for an update Please Bod!
Seagull2
04 Aug 2016
Re: Looks like investors running They have shelved that idea re ship repair until later in project. They have also stated will have enough wharfage 300 meters I believe to start accepting initial cargoes around turn of the year. Think should be able to raise additional finds as and when required. There is a risk of course but lease payments are small and hence overheads. Should be a licence to print money if can safely navigate next 6 months. It's very cheap compared to initial offer price £2.50 and the project is well advanced now and economics remain the same or better once port opens imho.Now isn't time to lose faith when so close to finishing line imho.Seagull
noidea1960
04 Aug 2016
Re: Looks like investors running I commend your optimism and am invested and topped up a tad too soon around 31p. I still have faith in project but why start talking about building a ship repair facility now? It can only be because having had discussion with potential port users (customers) it was something that came up as an issue and clearly not in budget....For new buyers I think will still be in wait and see mode.
Seagull2
04 Aug 2016
Re: Looks like investors running This slide may well prove to be a very good buying opportunity. Investors seem to have pounced on the fact funds are tight and they were always going to be. However, with Ghandi holding 25% of the value of the company and other large institutions om board then I feel confident that this will ger past the finishing line. Grant Thornton are also respected auditors and a detailed read of accounts shows they have paid some contractors millions upfront so they may not need quite as much as some people may think. The revenues that this will generate potentially when partially opened will also be significant. Time for some good news I think!
jezza51
03 Aug 2016
ship repair bought some before recent statement at 31p. now clear that they dont have the cash and loans in place to finish the project. more concerning that they havent made up their mind what the finished project will look like - by the time a ship appears there it may well need repairing, but probably best to leave this until a ship does arrive - this wont be happening in 2016 and looking unlikely in 2017. best prospect now is for a strategic partner to invest some emergency equity to get the project to the finish line. management credibility is finished and real chance this goes towards 10p before a partner appears. £20m fundraise will be required so get ready for some serious dilution.
noidea1960
02 Aug 2016
Re: Looks like investors running Yes it is not easy to see why but my best guess is that they were talking about developing customers for usage of the port and in recent RNS a shift in talking about developing a ship repair facility which clearly was not in the budget and therefor possibly capital raising unless debt taken on which might be challenging before cashflow is established.
Seagull2
02 Aug 2016
Looks like investors running Scared. I have topped up. Massive progress has been made. Understand concerns but no risk no reward and on these lows got to be worth it imho.Seagull
Seagull2
07 Jun 2016
Crunch time Would expect results n update in next week or so gone worringly quiet.
