Woodbois Share Discussion Threads

[odillon] 14/10/2022 17:04

It's a positive , at this time, that WBI are paid in dollars.

[odillon] 14/10/2022 16:44

Several days with a lot more buys than sells without the price rising. Also a lot of quite substantial buys of 100,000, 500,000 and at least one of 1,000,000 shares.

I think some have picked up on the possible advantages to WBI of Gabon obtaining the carbon credits certification this week. We certainly have here on ADVN but it seems to have been missed on other sites.

I am really intrigued to know what will be in the update. I thought it would be today or Monday and so I am now going to be glued to a screen at 7 a.m. on Monday. (Although one of the quarterly updates this year was on the 19th of the month, so we may have to wait a little longer).

[odillon] 14/10/2022 08:06

Lets hope it is exciting Smraynot.

That is a very good spot from the half yearly results Broad.

I am hoping that we have an update that brings us good news for WBI on two fronts. The timber and the carbon credits project.

Fingers crossed.

[broad] 13/10/2022 19:58

From half year results.


Carbon Division

We are fortunate to have our core operations based in Gabon, one of the last countries in the world with high forest cover and low levels of deforestation (HFLD) of between 0 and 0.05%. In 2019 Gabon signed up to an independently audited, results-based agreement with the UN worth $150m, making it the first HFLD country in Africa to enter into such a payment agreement for emission reductions and removals through forest preservation. On 9(th) July 2022 the UN signed the 3(rd) phase of the CAFI (Central African Forest Initiative) program, congratulating Gabon on its contribution towards a 'transformation to a green and blue economy'. It is within this context that Woodbois submitted a comprehensive feasibility study and proposal to the Government of Gabon to develop a large-scale afforestation project in the country. Woodbois aims to be a standard bearer for best practice within Gabon as the country continues to show leadership on forest preservation on the world stage. It has been encouraging to see Gabon receive widespread recognition during H1 2022 for its work with the United Nations Framework Convention on Climate Change's REDD+ mechanism to create carbon credits and with the Central African Forestry Initiative backed by European governments, as well as becoming the 55(th) member of The Commonwealth in June 2022.

While we wait for government approval for our proposed initial large-scale afforestation project for carbon sequestration in Gabon, we continue to work to align our operations with the interests of the country through increasing employment, continued investment and commitment to achieving full FSC certification. We also continue to invest in this important division which we expect to be a key driver of medium to long-term revenues . We have high confidence in the future of carbon markets to continue to evolve positively and in line with shifting public and corporate attitudes as well as policy changes. We hope to receive the green light to commence our maiden project in H2 2022 which will be followed by a comprehensive four-year trial phase. The implementation of our initial project is intended to position the Company as a pioneer in this area, distinguishing Woodbois from the rapidly expanding group of consultants becoming active in the space. Few, if any, other listed companies have the combination of in-house financial structuring skills and on-the-ground implementation experience required to deliver on projects of such scale

[smraynot] 13/10/2022 19:41

16.11.35 shows 58 consecutive trade buys. Someone in the know!

[smraynot] 13/10/2022 19:19

Exciting few days ahead of us.

[odillon] 13/10/2022 15:46

Here is a potential partner for a carbon credits project with WBI

See the tweet on 12 October

[odillon] 13/10/2022 12:34

COP27 starts on 6 November. WBI will be participating and no doubt making a good case for the use of their expertise in new partnerships to get carbon credit projects up and running.

But before that we will have the quarterly update and I am keen to see where WBI are with sales of timber and veneer and with levels of container shipment.

As well as sales it will be good to hear about how production is going and whether earlier investment in buildings and machinery has now paid dividends.

Fingers crossed.

[firestorm911] 13/10/2022 11:36

otes, with 66.67 per cent. of votes cast in favour.

The Proposals remain conditional upon the approval by the Company's shareholders at a General Meeting to be held at 2:00 p.m. on 24 October 2022 at the offices of Fieldfisher LLP, 2 Swan Lane, London, EC4R 3TT (the "GM") and should approval be given, EUR15.0 million of existing debt principal, together with accrued interest thereon, will be converted into new ordinary shares in the Company ("Ordinary Shares") at a 76.4 per cent. premium to the closing mid-market price per Ordinary Share on 12 October 2022:

-- 50% of the outstanding principal amount of the Notes (an amount of EUR10.0 million), together with accrued interest thereon, will be converted into new Ordinary Shares at a price of 0.45 pence per Ordinary Share;

[firestorm911] 13/10/2022 11:22

Good morning

Ladies and Gents

we are back in EVG we gonna try to double top at 7.8p.

It's currently 5.3p.

Regards,
F911

[odillon] 13/10/2022 07:30

Just saw a recent positive article on WBI from the Armchair Trader.

www.thearmchairtrader.com/woodbois-share-price-timber-market

They say;

"The company’s financials indicate solid performance in terms of growth and income and mean that the timber producer may become interesting again in the next few months."

and

"Woodbois looks likely to overperform the paper and forestry sector going forward, benefitting significantly from the macroeconomic environment we see now."

It will be very interesting to see the company's Q3 update.

[odillon] 12/10/2022 14:48

I'm placing my bet for the quarterly update to be released on Friday or Monday.

One point to note from the last update on revenue -

"The total number of containers shipped in Q2 2022 increased by 24% over Q1 2022 and will only fully convert into Revenue in Q3 given the delay between physical shipping and revenue recognition."

[blue59] 11/10/2022 12:04

Give it up!

[odillon] 10/10/2022 12:53

That should say

In the not to distant future

My typing went a bit 'Allo 'Allo

[odillon] 10/10/2022 12:52

The latest quarterly update should be with us this week or next week. It will be interesting to see how timber sales have been going.

With the Climate Change Conference coming along soon too, there may be an update about the carbon credits side of the business un the nit to distant future

[fenners66] 06/10/2022 17:34

I think you mixed up your bags with baskets and cases there vaston

[vaston] 06/10/2022 16:05

Clon = next multibag

[odillon] 29/9/2022 16:06

In my last post please change the link address from xx to tt. ADVN changes this for some reason.

It is good that they are on the King's radar as certainly while he was the Prince of Wales he was a very strong advocate for reducing CO2 omissions and that would tie in well with WBI's carbon credits aspirations.

I think this is very good PR for WBI

[odillon] 29/9/2022 16:00

Here is a link from WBI's Twitter account to their new social wall. I knew that they had excellent links with the Government in Gabon, but if you look through the pictures you will see they appear to be on warm terms with the new King too.

Movers and shakers!

hxxps://www.woodbois.com/social/

[spaceparallax] 29/9/2022 08:46

Ignore the above mispost.

[spaceparallax] 29/9/2022 08:40

Really beginning to look up with yet more excellent clinical study results - AGL will be in a much healthier financial position in a year's time and from there the business will grow like crazy.

[odillon] 28/9/2022 17:31

The next trading update should be in October, between 11th and 19th.

I think the April one was was the 11th and the July one the 19th, possibly the other way round,

[vaston] 28/9/2022 14:17

Maybe it’s been fully ramped lol .
Always worth a try.