Westminster Share Discussion Threads

[barpy] 09/2/2017 11:08

A maths question; the last funding round was with Darwin but could have, theoretically opened up to PIs (who love buying in the dips). At what date does the PI funding become a better option then Darwin at current burn rate and share dilution. Could it be this month?

[ileeman] 09/2/2017 10:19

They released a very good update only a month or so ago.

[graham1ty] 09/2/2017 09:33

When is the 10p nominal value of the shares going to rear its head again ? Single figures without news

[youkme] 09/2/2017 08:41

People waking up! Don't listen to the rampers folks, nothing new here, same same old

[broncowarrior] 09/2/2017 08:16

This lack of news is awful, come on WSG, shape up.

[followtheleader] 08/2/2017 17:50

I did think there would be some after hour trades slid through as stated yesterday.

At 16:30, 100,000 at 13.25p. so lower than previously.

I'd guess given the lateness of the trade that its possibly Darwin tightening their grip further.

[followtheleader] 07/2/2017 17:39

I reckon it is G1TY and I had them short selling about 240k yesterday and several 20k's today just to keep a tight boa constrictor like grip on things. In the end it gets sapping and these guys are pro's at this game. I also think you'll get some late after trades also pushed through. They, Darwin know full well that every day and week that passes without news will agitate and infuriate more and some will further throw in the towel. Just add in a 150k lit fuse of a trade every now and again and off you go.

As for who is picking them up I really don't have a view. I'd try the rampers on the red channel who seem oblivious to some pretty obvious risks, none less than the spread itself and steady 20k sells.

I am really glad to be totally without any of these and no I would not buy one share presently as things stand.

I'm also surprised that nobody has suggested raising an AGM or EGM resolution to stop further equity being issued by the BoD and therefore any further Darwin descents in the share price. That might focus the minds on actual delivery.

Just a humble PI's take on things.

[graham1ty] 07/2/2017 15:12

Follow, it cannot be Darwin. Down at these levels they have got to shift c2.5m to clear another quarter of the Loan Note. That is over 100 trades if they are doing it drip by drip.

I just CANNOT understand who is picking them up ( other than King Canute trying to stop the tide).

[followtheleader] 07/2/2017 08:43

Is Mr 20k Darwin?

Whoever it is seems to be trying to be trying to stranglehold things.

Views?

[followtheleader] 07/2/2017 08:38

I've pointed this out before but whilst Darwin are active, you also need to be mindful of what potential downside risks over and above Darwin that are lingering out there and the ongoing investigation in Namibia(Simana) is one that I think you need to keep in the forefront of your mind as it has bad news potential. An outcome on this was promised "early next year" so cant be that far off.

What's happened to misty??

[barpy] 06/2/2017 21:21

Two weeks till their five year duck.

[youkme] 06/2/2017 16:14

I expect a LOIHG (letter of intent honest gov) to be issued soon, so don't worry rampers, plenty of time to skin a few more newbies

[followtheleader] 06/2/2017 14:48

Having watched the trades for today I'd take a guess that Darwin are active again for today.

[followtheleader] 06/2/2017 14:39

Thanks for those numbers G1TY.

I think we'll let the day traders and buy-back cheapers try to trade.

Trade exactly what?

A no news situation

and in my view about 3 more months more to come of Darwin if its 1/4 of the CLN's per month.

It'll only present the opportunity for someone else to exit.

[youkme] 06/2/2017 13:55

Makes sense, thanks

[graham1ty] 06/2/2017 13:14

Youkme, I have no idea. In 2014 they raised £2.7m, in 2015 they raised £3.3m, in 2016 £2.9m. So say average £600,000 to £700,000 per quarter. They raised £1.1m in late November, so they probably have about half of it left. So, no immediate cash crisis would be my guess

[youkme] 06/2/2017 11:18

What happens when they run out of money again? Where will then go? presumably darwin for more, or a placement. How much do people think is left from the last cash injection. Graham perhaps has a handle on this

[saucepan] 06/2/2017 09:38

Fowler family day out?

[petebean] 05/2/2017 14:55

Working on a Sunday ftl ?

[followtheleader] 05/2/2017 12:32

Once was enough for me Bonker99.

I don't think many will be taking any notice of your chart as you just cannot chart anything with the added wholesale uncertainty of Darwin now being active. To even attempt to I think is foolish. They, Darwin could launch into rapid forward sell mode at any time completing things in a day or maybe two and then any charts simply go out of the window. That is still the case with restrictions or not, monthly allowance or not.

Whereas the humble PI has been given very little fine detail on the actual workings of the CLN agreement, in a converse manner Darwin know every fine detail. That is where I think it can never really be a deal that's ever fair in the interests of share holders. Not only that but the deck of cards is further stacked in Darwins favour as they alone also know the timings for when and how many shares they will forward short sell and as importantly the timings.

I won't be buying any shares that Darwin are actively forward short selling and that is because this is all happening against a backdrop of virtually no news coming forward from the company. That's no RNS able news. I say virtually no news for the ferry launch was RNS able and has been about the only piece I can think of. Even that has not had any update (which does slightly concern me given other competitors).

Since the date of the Darwin CLN RNS, and with no real further positive news all effectively you are buying into is the extra dilution that will be created. Behind the scenes of all of this somebody has to own what may amount to about an extra 10% increase in the available stock of the company.

When you see conversion jargon in any CLN RNS of 90% of the lowest 5, 10 or 20 days of a volume weighted average(they all vary) then I'd say avoid as its gets short sold down in a coordinated way so they almost always get to "the lowest".

Giving the full CLN deal its context in time only 1/4 has been converted so far and there is another 3/4 of the CLNs or £900,000 worth remaining that is yet to be converted.

If I've got anything wrong or there are different views then please correct or add.