Westminster Share Discussion Threads

[youkme] 17/5/2018 16:07

someone buying lol

[youkme] 17/5/2018 15:58

hxxps://oilprice.com/Geopolitics/Europe/EU-Could-Switch-To-Euros-In-Oil-Trade-With-Iran.html

[youkme] 17/5/2018 15:46

"Decided" no I haven't, have you got a link please.
I had read they were "considering" though which is a big difference although I still feel irrelevant imo. This deal is dead all imo of course

[wynterwilde] 17/5/2018 15:40

Yup youkme, I guess it does.
Did you read yesterday that the foreign ministers of the major EU countries have decided to price Irans oil in euro instead of dollars?
It's only a matter of time before a 'work around'of Trumps sanctions is made, then the EU will trade as per normal with Iran.DYOR obvs......

[jailbird] 17/5/2018 13:49

Great poster ukme..lol

[youkme] 17/5/2018 13:47

SP down over 8%, does that mean someone is selling?

[deanowls] 16/5/2018 18:31

They don’t dump it. It’s illegal to use it as payment. How long for the next fundraiser.

[sclper] 16/5/2018 16:16

I can't see many institutions wanting to lend money to companies involved with Iran. Most, if not all, wouldn't touch it with a barge pole.

[youkme] 16/5/2018 16:05

I guess you agree then? they need cash, just a case of how soon, tick tock

[nowenterprise] 16/5/2018 15:28

Eskers on LSE forum strikes again:

"Iran Plans First Foreign Oil Pact Since Trump Left Nuclear Deal"

[nowenterprise] 16/5/2018 13:04

Europe to ditch US dollar in payments for Iranian oil



Brilliant. Looks like Trump is being reimbursed that kick in the nethers.

[youkme] 16/5/2018 10:56

Great post wynter lol

[wynterwilde] 16/5/2018 10:17

35% of daily trades done in 2hrs.
Sp up over 5%
Someone's buying.

[graham1ty] 16/5/2018 09:59

Here and there, EBITDA positive means nothing if you are continuing to spend. WSG claimed to be EBITDA positive in the results to Dec 2016 ( look at the June 2017 results which says they made a £25000 EBITDA).

How come then they have had to raise £3.1m since Dec 2016 ???????

Do the maths !

[sclper] 16/5/2018 09:10

How much cash have they burnt on chasing the Iran deal that is now on hold?

[youkme] 16/5/2018 09:10

Are you saying they don't need a placing?

[here and there] 16/5/2018 09:04

They are EBITDA positive, do the maths!

[youkme] 16/5/2018 08:55

Thats some list! There always seems to be new faces and lots of ramping around just before a placing is announced, funny that imo

[graham1ty] 15/5/2018 17:34

4/10 £250,000 in placing at 33.5p
4/10 £500,000 in placing at 41p
8/10 £505,000 in placing at 20P
10/10 £1M in placing at 25P
7/11 £625,000 in placing at 12p
4/12 £500,000 in placing at 17p
7/12 £1.4m Loan Note
2/13 £1.48m in placing at 30p
4/13 up to £5m at prices yet unknown
6/13 £1.18m convertible loan note
7/13 £100,000 drawdown from EFF
9/13 £700,000 drawdown from EFF
9/13 issue of 4.6m shares against the Convertible
9/13 £200,000 under the EFF
11/13 £530,000 under the EFF
3/14 £450,000 EFF/new investor
8/14 £1.25m at 40p
12/14 £1m at 25p and 33p ( EFF)
4/15 £2.3m ( gross) from CULS and EFF
10/15 £1m gross from CLN.
2/16 £475,000 Loan Note to Darwin
6/16 £1.3m from institutions at 10p
11/16 £1.1m from Darwin
02/17 £0.6m from a new investor at 11.625p
04/17 £1m from Beaufort at 10p
09/17 £750,000 from Beaufort at 10p
1/18 £750,000 at 22p

Twenty Five fundraisings since 2010. Raising £23.3m. For what ? A company still bleeding cash, still losing money. And no reduction in the run rate. £3.3m raised in 2015. £2.9m raised in 2016. £2.3m raised in 2017, and now £750,000 to start off 2018. But however you cut this, it still looks like about £500,000 to £750,000 per quarter just to keep the lights on.

And in one months time, they have to either pay off the £2.2m Convertible, or change the terms and roll it over.

[wynterwilde] 15/5/2018 16:34

Slightly off topic.....I've just been sent a very informative post on Deep State (world bankers controlling Nation States basically)and the suggestion that Trump is pulling the rug from beneath their feet in Iran and N.Korea so that these Nation States have to come to the negotiating table....Maybe far fetched but who knows.......

[sclper] 15/5/2018 13:43

Check out the posting history of Novice14 on LSE, who just started posting after the Iran RNS on Thursday. Could he be a company plant?

[youkme] 15/5/2018 13:19

Good a view as any I suppose. I think the Iran contract is dead. Just imo
I also think that wsg need money very soon (lets see)
Good money to made trading this pos though, granted