Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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It’s a reverse take over, therefore it’s the board of comarco who are relevant here not AAAP
You said it was all part of the plan the board leaving can you let me know why are they leaving if this new company is meant to be going places?
Ah, ok fair enough. thanks for the reply.
Zante - because of the size of the trade, the listing of the transaction was delayed. It is usually an hour after. This is quite a common occurrence.
I happen to know this as I was checking the trades on NEX that morning.
Hey guys - what do you mean by a delayed buy on NEX (AKA a short ??)
DShox - I think you need a new battery for your calculator. The trade is valued at just under £10k, not £50k.
I wonder if news has leaked. Nice delayed buy gone through on NEX this morning:
27/08/2019 09:00 1,987,562 0.5
Funding being lined up for the project:
http://www.kallanishenergy.com/2019/08/26/exim-proposes-5b-mozambique-lng-support/
The Export–Import Bank of the United States (Exim), the official export credit agency of the U.S. federal government, proposed last week a $5 billion loan to support U.S. exports related to the Mozambique LNG project.
The venture, led by U.S. oil and gas independent Anadarko Petroleum, envisages the production of liquefied natural gas from offshore Area 1, connected to two onshore LNG trains totalling 12.88 million tons per annum (Mtpa).
The $5 billion loan will be considered for a final vote by Exim’s board of directors, after a 35-day congressional notification period, Kallanish Energy learns.
DShox - yes major transformation for Mozambique and the companies associated with the LNG deal.
https://www.bloomberg.com/news/articles/2019-08-16/total-says-anadarko-s-mozambique-lng-project-is-a-perfect-fit
Total SA is committed to developing the Mozambique natural gas project that it will take over from Anadarko Petroleum Corp. as part of its expansion in Africa, the company said.
The project, to cost as much as $23 billion to develop, will be Africa’s biggest single investment, and Mozambique is counting on it to transform the economy. The southeastern country is one of the world’s poorest, and needs resources to adapt to extreme weather after two powerful cyclones in the same season this year.
Would be great if we can build another port there with all the infrastructure and maybe in other profitable African locations.
Im excited to see how things develop. As long as they dont overstretch themselves with too much debt and keep share dilution to a minimum then I can see a lot of potential growth that will do the sp no end of good.
Good post optimist..that pesky tumbleweed was starting to build up again.
I didnt know about that..do you know what percentage we have in that jv?
Shouldn't be too long now before we hear further news.
Not sure if everyone is aware that Comarco also have a JV base in Mozambique as well. Well placed to gain significant contracts:
https://www.comarcogroup.com/palmashore/about/
Palma Shore Services Lda is a fully registered, licensed and incorporated Mozambican company, set up and strategically positioned to play a leading role in providing services and solutions to the developing oil and gas sector in Mozambique.
PSS is the formalisation of a strategic partnership between Consolidated Oil and Gas Services (COGS) and Consolidated Marine Contractors (Comarco), incorporated to provide a specific focus on delivering a cargo logistics solution in Palma, Mozambique to any companies looking to deliver cargo and goods into the region.
COGS is a Mozambican based company that provides specialist services principally to the mining and oil and gas services industries in Mozambique in particular and to the Southern African region in general, offering localised knowledge and expertise in these industries.
Comarco is an East African based marine logistics company, providing general shipping services together with specialised marine logistics, beach landings and cargo handling solutions in Africa and further afield.
Through combining their resources, local knowledge and experience, Palma Shore Services will deliver bespoke solutions on a turn key basis to local challenges in the region.
Shows he has plenty incentive anyway
Is that right optimist...2.40p and 2.13p...not...0.24p and 0.213p?
GR became involved in AAAP through his substantial holding in Dynamic Intertrade(Pty)Ltd back in 2014.
A little research will show that he received shares in AAAP valued at 2.40p and 2.13p.
Dynamic Intertrade is now a profitable company and GR needs to see a large increase in the share price before he gets back to break even on his investment.
If the George you mention refers to George Roach, suggest you look at the BB for Premier African Minerals of which he is CEO. Yes there are many reasons why things aren't working out in Zimbabwe, not least the dysfunctional government, but many PIs (self included) have lost lots by the ineptitude of this great helmsman (GR in case you can't guess).
Suggest you put on your lifejackets now!
DYOR
Even 10p ps would buy me a house. Its probably a long way off though lets just wait and hope for the best.
Yes bloodshot I will be the first to thank them once this RTO gets completed and the sp goes up a lot higher.
Should really say a thanks to DL, AM, GR and everyone else involved for turning the AAAP businessess around and for making the rto deal with Comarco happen.
Should include MJ as well for the funding and for being good enough to keep us little guys up to date with progress.
Hopefully they and the rest of us will make a very tidy profit.
Talk of £1 a share is ridicilous at this stage, given that were not even a penny share as yet but lets hope in 2 or 3 years we can get to something like 15 or maybe even 20p ps..beyond that it depends on what further opportunities for growth there are. Its not a prediction..its a hopeful target for me. DYOR
GLA
So optimist you think David, George will keep their share holding for the foreseeable future?
Good to see your still invested optimist. bloody hell someone just purchased some shares. It seems like ages since I've seen a trade
No, still here. David and George haven't left yet and they are still large holders in AAAP.
If you look at previous RNS's, you will see that George has paid an awful lot more for his stake that where the share price is today and I am sure that both he and David are expecting to see a good return on their investment.
RTO's can take a long time to complete and whilst it is frustrating, I am sure our patience will be rewarded.
You haven’t posted on here for a while just hoping you haven’t left like David, George and Andrew
How much longer is this RTO going to take? It’s been going on for a long while now so hopefully news soon please