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.

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.

How to Take a Stake in India's Progress With a Punt on a Port
By Malcolm Stacey | Thursday 14 April 2016

Hello Share Mashers. Perhaps it’s time we looked at an unusual share which I brought to your attention once or twice last year. Skil Ports and Logistics (SPL) has a big project in the making. This means it cannot make profits now and all our hopes are in the future. But the scheme has real potential in a country which has the attention of the investing world.

China has knocked the world’s confidence in shares by a slow-down in its growth. The Brazilian economy is not what it was. But India has not knocked confidence and its potential still excites punters like us.

Skil Ports is making a port complex very close to the very populated Mumbai. If you look at its website, you’ll see how it's going about it, with snazzy overhead footage taken from drones. It’s worth a peek for the entertainment value alone.

Although the port is not yet in operation, the company had a cash position last year of £40 million. it also has a generous credit facility in place.

Last September, the share had a value of 37p. Currently it’s about 69p. So its nearly doubled in just over 6 months. As the project gets nearer to completion, the share price should rise nicely, in my view. The company has estimated that the facility will become operational in December, but suggest the timetable may change with events.

The company acknowledges that some of the work has taken longer than expected. But that is par for the course with massive building programmes begun from scratch. And if you look at the drone video you can see they building is going well.

This is probably a convenient opportunity to take advantage of India’s ambition and march into modernity. It is exporting a lot and importing a lot - and this, remember will be a spanking new port serving a very populated part of the country.

- See more at: hTTp://www.shareprophets.com/views/20037/how-to-take-a-stake-in-india-s-progress-with-a-punt-on-a-port#sthash.gINc8oIV.dpuf

With this afternoon's announcement, Legal & General now own, directly or indirectly, a sixth of the company (16.66%), the division reporting today having crossed up through 7%.

Evidently keen. That's a big chunk.

Google Earth image updated 11 March. Thanks to 'someuwin' elsewhere.

If this is 50 acres (as per last reported progress statement) it equates to about a quarter of the proposed total port size, the remainer of which will extend towards the bottom left of this image.

--

As an in-out, in-out trader, I have made money from this at times along the way, but overall have lost money on this, which is never enjoyable. But am pleased that I heeded my own posted warnings that this was a gamble and staked no more than I could afford to risk.