Skil Ports & Lg Share Discussion Threads

[pj 1] 28/9/2016 09:13

gm. No problem, I respect your decision and good luck with it.

[guernseymoney] 28/9/2016 08:50

PJ

Apols to get dramatic and aggressive, but I do not believe there is fraud/siphoning of funds. I'd of course hate to be proven wrong.

Is there incompetence? Yes. Is there lousy communication? Yes.

But fraud, having met the Board, I'd be very surprised. Even Pavan, who had the air of a snake oil salesman to him, I do not think would be so foolish.

But then again, there is of course a risk of fraudulent activity - if you have the [former] England manager getting caught out, who's to say.

Maybe I'll attend the next AGM dressed as a Sheikh to uncover what's really going on.

p.s. I certainly never labelled those photos tosh, they are "pure kosher".

That said, the share price continues to plummet, something is clearly going on behind the scenes. SPL has always been a binary bet for me, win or lose all. The latter seems to be more likely at present, but only time will tell.

[pj 1] 28/9/2016 08:24

gm-Yes thanks- within reason. I didn't say there was misappropriation, but a risk of it. But what will happen on the slightest concern over it?

Were you also one of the doubters who labelled the PI photos as ''utter tosh''?

[guernseymoney] 28/9/2016 05:57

50% misappropriation? What utter tosh.

Do you actually know how to read a balance sheet?

[yasx] 28/9/2016 00:41

Oh, action groups - chuckle chuckle.


Perhaps it is more appropriate for you in future to be less gullible in the first place than engage in the fruitless task of joining a silly action group.

Give me strength. Give up and move on. Better still, quit investing. Those of your ilk are not suited to this business.

Hope that helps. In goes the boot - thud.

[pj 1] 27/9/2016 22:52

I agree smarm. Shareholders should be pressuring the NEDS/Nomad and PR advisors as to where cash has gone so far. Especially with the previous questionable track record of RNS and Director Comms. Surely some sort of action group could be set up? Sharesoc?

at best its 50/50 misappropriation of funds?>(allegedly)

How can they afford a PR advisor? Why? What effect have they had s far on the MC?

[diku] 27/9/2016 21:04

Back of the big sofa!...

Looking at those pictures it would be a good holiday resort.. build few luxury hotels..

[smarm] 27/9/2016 16:46

face up to fact shareholders have been mugged here.

Where is the money?

S

[piedro] 27/9/2016 16:37

10/04/2016

[piedro] 27/9/2016 16:35

10/03/2016

[piedro] 27/9/2016 16:33

20/10/2014

[azalea] 27/9/2016 12:59

Just like Venice was in its early days.

[its a worry] 27/9/2016 12:51

Thanks darlocst . . . i had spotted that when i looked , but figured it couldn't be the place as it appears to be surrounded by land or swamp . .

[diku] 27/9/2016 12:11

Beginning or end of 2017?..

[azalea] 27/9/2016 12:10

The creek on the edge of the India Ocean was the very reason it was chosen to build a port there. Easy access, no navigation problems. Regardless of the suggested economic problems, the port will be completed and doing business in 2017.

[diku] 27/9/2016 12:06

Turn it into a holiday resort!....maybe that is the agenda?...

[diku] 27/9/2016 12:03

What is Gandhi's stake worth at current price?...

[hpcg] 27/9/2016 11:59

Thanks for the directions darlocst. Congratulations shareholders, you own some dirt up a shallow creek. 10p looks a great exit point all things considered.

[waterloo01] 27/9/2016 11:58

When you zoom in on google earth in the bottom left corner it gives you a date option so you can go to the latest images (April I think for Karanja).

Good point azalea, if Gandhi is involved he'll be a connected party so would need even more holders to agree. Has Flight started sounding the main investors yet?

[azalea] 27/9/2016 11:50

Saikat
The collective voting power of other major holders is greater than NG and Pavan holdings put together. So, those holders could block any moves for the company to change hands, stop trading or make any other potential moves they disagreed with.

[darlocst] 27/9/2016 11:47

paste into search bar on google earth:

18.85635443663359, 72.96602201866656

Last satellite shot taken in March matches up with whats posted on company website.

[its a worry] 27/9/2016 11:34

I've been looking at the pictures of the work on the company website and looking at Karanja Creek on 2016 Google Earth . . . i just can't find anything looking like the construction in Karanja Creek on Google Earth . . . ?

[saikat] 23/9/2016 17:21

They should have stopped trading shares a few months back.

Their reputation is genuinely shot in the UK - the asset will do well over time but market indicates that it will be in somebody else's hands. Macroeconomics and pricing power dictates that (unlike in resource sector) that the asset will do well in time.. Problem is Gandhi is extremely important and powerful in the project. He knows that and he also knows that he can do anything he wants with the UK investors (with an AIM listing) and the the UK investors know that he knows it. That's the danger why no UK investor will come up with 36m - the case is too similar to HIRCO for the market to invest - check that story!

It is in your interest that you can get Indian investors and a main Indian listing - AIM can be a secondary listing. Gandhi will not treat the Indian investors the same way as he would do with UK investors - there he cares about his reputation and the protests and the laws.

[waterloo01] 23/9/2016 17:19

lefrene, I read the difference in bank debt down to the fall in sterling terms. The obverse of this was they reported a $4m increase in revenues for the same reason. "The comprehensive income for the period is calculated after crediting a gain of GBP 4.59 million on the retranslation of cash balances held in Indian rupees to Great British Pounds Sterling (GBP)."

Your £65m liabilities seems to assumes all the £36m is debt.

As for equipment, most will be on long order, some it seems are yet to be decided, however until the ground work is done, you wouldn't expect to see any fixed equipment on-site

[pj 1] 23/9/2016 17:18

Just another £36m loan? At 13% interest? How are they going to repay it?

Would you lend it them? Answer that honestly