Mercantile Ports & Logis... Share Discussion Threads

[danmart2] 20/8/2021 16:04

I don’t use primary bid, any idea where they are up to with the latest begging bowl raise?

Be amazed if this reaches £4 million target

[danmart2] 20/8/2021 15:57

DO NOT INVEST IN THIS COMPANY

HAZARDOUS TO YOUR FINANCIAL HEALTH

[diku] 20/8/2021 15:20

By now investors will be so fed up they will just say to the BOD take our shares for free...I think that is what the BOD is waiting for....

[mount teide] 20/8/2021 15:06

Ashleyjv .... they can issue all the 'contracts' they want but with barely 3 meters of water available in the 3 mile approach channel this 'port terminal' company with £50m of debt is completely uninvestible as it can only attract ultra low value dry bulk type cargoes brought in on barges and small coasters.

The port handling rates this type of cargo attracts would not come even close to covering the interest payments on the debt even with the development of the entire circa 100 acres of land reclaimed to date - most of which remains undeveloped.

AIOHO/DYOR

[ashleyjv] 20/8/2021 13:47

My guess and it is a guess is that they will release news of new contracts over the next few days.

[escapetohome] 20/8/2021 09:15

Hunch Ventures is betting on increasing infrastructure and logistics requirement of the Indian economy, among the fastest growing in the world.

High growth ha ha ha

Yet every share collapses.

[mount teide] 20/8/2021 08:47

Hunch Ventures are either clueless, extremely poorly researched fools or, the situation is as PJ1 suggested .......part of an alleged fraud, which has seen over £200m of shareholders funds and debt mostly disappear seemingly like morning mist!




AIOHO/DYOR


ps ...when Hunch were considering taking circa 22% of the company, the management got very perturbed when I suggested we were considering sending our research file to Karanpal Singh, the Founder.

[wobblywilbur] 20/8/2021 07:50

Hunch - 22.93% according to MPL website.

[pj 1] 19/8/2021 20:02

How many shares do Hunch own? (2?)

[pj 1] 19/8/2021 19:59

He's clearly saying its still a ''vision''

He doesn't have a clue what's going on on the coal face, or not!!

[pj 1] 19/8/2021 19:55

''"I have been delighted with the support shown from our institutional shareholders in supporting the Company in this fundraise. Particular thanks is given to Hunch Ventures for their continuing support in our vision for the facility and their presence as a strategic shareholder. ''

Chairmans comments, why not the CEO's comments?

''continuing support''- so, we've been here before then?

[tansulondon] 19/8/2021 18:17

Just noticed a Primary Bid raise. Any mugs still out there? What a sham.

[pj 1] 19/8/2021 17:51

Either that or MPL will never receive the funds from Hunch. We've had similar to this before if my memory serves correctly?

[pj 1] 19/8/2021 17:37

Hunch Ventures have indian connections. This is a part of the plan to cover up the fraud and make it look genuine imo. The 4million has probably come from MPL anyway previously allegedly off course.

[waterloo01] 19/8/2021 17:31

Indian banks still effectively own this. Debts will never be paid let alone serviced. Who are the clowns lending £4m unsecured and taking stock?

[pj 1] 19/8/2021 17:26

What a strange statemet from the Chairman

''The safety of our staff and stakeholders is paramount and I believe MPL will come through this a stronger entity.''

'come through this a stronger entity' WTF?

[pj 1] 19/8/2021 17:22

What research have Primary Bid done? Trying to raise for a fraudulent Company @ Private Investors.

Disgraceful

[diku] 19/8/2021 17:19

Wash rinse and spin cycle all over again...


-- Proposed Share Consolidation of every 100 Existing Ordinary Shares of nil par value each into 1 New Consolidated Ordinary Share of nil par value each in the capital of the Company.

[toffeeman] 19/8/2021 17:01

>> waterloo

Thx will pass on fundraise!

[waterloo01] 19/8/2021 16:40

Red flags ahoy. Avoid if you have any sense at all.


The net proceeds of the Transaction will be used to fund the servicing of new and existing contracts, the construction of further storage facilities, debt servicing and general working capital purposes.

[my retirement fund] 30/7/2021 19:41

Looks like they are managing to still keep shareholders in the dark but forewarning them of an equity wipe out with alternative debt.

[seeriktus] 25/7/2021 01:17

Maharashtra has been hit by flooding, including the nearby Mumbai area. Parts of the region's road and electrical infrastructure are reportedly damaged.

I wonder how the river outflows are effecting the site, given how in normal times the current can be quite strong.

hxxps://timesofindia.indiatimes.com/city/mumbai/mumbai-news-live-updates-imd-predicts-heavy-to-very-heavy-rains-in-mumbai-thane-and-palghar/liveblog/84664662.cms