Highly speculative. A gamble that relies on faith in directors doing what they boast they can do. Building a port on India's west coast on an inlet where they plan to construct a manmade island structure just offshore with short bridge links to it.

Great chart and round bowl formation.

Smashing chart.

100% up from its August low.

EDIT: Slipped back later.

Where do you see this in 12 months time Juzzle.

Higher than now. But I am not prepared to gamble heavily on that expectation, because I am aware of possible risks in how the company handles whatever money it makes (eg, whether any of it is creamed off and diverted to related entities), and what other excuses it might come up with for future delays. Delays and excuses do seem to be plentiful.

Thanks Juzzle I'm holding for at least 6 months here still not without risk.

spread <2%.

9 new pictures added to company website today, showing ongoing progress:
click link

And now a 26 minute drone video showing site activity. Ongoing reclamation, piling and dredging. Filmed yesterday.

Spread <1%.

The company website has been updated to include a press article regarding the proposed (and long promised) Mumbai trans-harbour link - which is now expected to go out to tender in March:

link

This is HUGELY significant in cementing the future prospects for the new port that the company is building.

Chart about to turn here.

Bad call - mitzy- is still falling today and now under 75

Cheers pim.

Company website includes new photos of ongoing site progress, and will shortly show new drone footage giving a high-level overview of the whole area.

www.skilpl.com
Go to NEWS page.

And here we are with that promised drone footage filmed yesterday. 10 minutes long.

It has been added to the NEWS page on the company website.

Big 3-day meeting kicks off in Mumbai tomorrow:

".. The objective of the three-day Summit from 14th to 16th April 2016 is to attract potential investors to the vast opportunities that the various components of the Maritime Sector have on offer, he said. Forty countries in addition to India and Korea, which is the partner country, will participate in the Summit.

Read more at: news report

Karanja Creek will presumably get a mention and Skil Ports will presumably be represented?

KEEP an EYE

SPL 67.50p ( 66 - 69p )

Had a large retracement and now looks ready to move forward. Level 2 positive 3 v 1

15 minutes delayed on the chart

Nice to see the stock moving on the right direction 69.50p+2.50 (+3.73%)

"As of June 30, 2015 SPL had a cash position of £40.06 million, which is in line with its financial projections, and the Company also has the benefit of having a £47.03 million credit facility in place."

Plus there will be participants at that Mumbai summit this weekend who may well want to buy into this company, now that construction is seen to be under way. They may well be willing to fund a placing.