George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Pineapples from India to retail into the global market space..............
So many lines that AfriAG could work..........
Need to supply new products that sell to existing customers and update the share holders............
And not like the CK water or CK energy LOAD OF BULL................
Kenny, I have now read the RNS several times. In my mind, DL is changing tack and intends to complete a reverse takeover with Apollon. Dr Stephen Barnhill will become the chairman and MD of the company and the current assets of AfriAg Global will be sold.
DL has alluded to this in his statement:
"Pursuant to the Investments the Company would need to raise approximately £1m to subscribe for a total of 4.0 million shares in Apollon, representing circa 2.325 per cent. of Apollon’s issued share capital. The Company is considering all options in relation to the fundraise."
Whilst I am disappointed that AfriAg Global has not lived up to its billing, I believe we stand more chance of a recovery in the share price with an RTO in the medical cannabis sector.
https://suite.endole.co.uk/insight/company/11489007-apollon-formularies-ltd
Kenny lol
I agree Jenny I think dl has too many commitments and has taken his eye off the ball atb
It is my belief that no matter how much cash or bottle tops Dave L chucks at AfriAG SFA happens.................
It is also my belief that AfriAG could of done so much better so many grey area's it's just not cricket.......
Why sell AfriAg (Pty) Ltd and AfriAg Marketing and go chasing rainbows if the truck count is still 76 and all the workers plod on and target new business surly this would be a better avenue to follow?
Myself at this stage would like to see any monies raised to fund share buy backs, said the same re Tilray purchase plus the 201k that was waisted in the past IMHO..................
To date AfriAG has not done well at all, that's why the share price has tanked.............
Long term share holders not been looked after, it should not be like this 5 years down the road...............IMHO DYOR
Banter.....................LOL
Swallow Street........................ London......................................
All good buddy trust you and your loved ones are likewise............
It's a conditional investment so hope good news to follow.....................
Dave L not saying much at the moment I notice re twitter................
Hi Kenny, hope you are well.
Not sure how this is going to work out for LTH's, but at least the possible RTO should attract more interest, especially given the medical cannabis field and the fact that DL has applied for a licence here in the UK.
Still trying to get a better understanding of the deal, but if I am correct in my assumptions, valuing Apollon at £40m, would make AfriAg's 6.46% worth £2.58m.
Clearly, Apollon would have no interest in AfriAg's existing businesses, so it will be very interesting to see what price DL achieves for the sale of those assets. I recall him saying at the AGM that there was a lot of interest from potential buyers for AfriAg(Pty)Ltd, so that comment could well be tested shortly.
16/05/2019 09:10 1,000,000 0.07
16/05/2019 08:24 5,000,000 0.078
https://www.nexexchange.com/member?securityid=102247
Well done mate,REC
Notice that SP and early bird on twitter............
Off topic read India may be a buyer for the gas re your post on AAAP hope it's of some help to you m8
"The Company is in discussions with the shareholders of Apollon to be granted right of first refusal to acquire all the issued and outstanding shares owned by those shareholders in consideration for the issue and allotment to those shareholders of new ordinary shares in the capital of the Company at a price of 0.1 pence per new ordinary share (“Right of First Refusal”) which values the transaction at circa £40,000,000.
Following exercise of the Right of First Refusal, which will be subject to approvals from (as applicable) (1) all the necessary government authorities, including the cannabis licencing authority (in Jamaica); (2) regulatory authorities; (3) approvals from the Company’s shareholders; and (4) approvals from the shareholders of Apollon, the existing shareholders of Apollon will hold circa 93.54 per cent. of the issued share capital of the Company. Following completion of the Investments and should the Company exercise the Right of First Refusal, the resulting enlarged group will be a vertically integrated medicinal cannabis group with operations in Jamaica and with plans to expand elsewhere throughout the world."
If this becomes a reverse takeover, I wonder how much we will receive for AfriAg (Pty) Ltd and AfriAg Marketing. It is possible that the sale of the two companies could fund our investment in Apollon.
David Lenigas, Executive Chairman of AfriAg Global PLC, commented;
“AfriAg is one of the very few companies in the UK and indeed Europe that is capable of doing a transaction of this type in the legal medicinal cannabis sector. Once the Right of First Refusal is agreed and exercised we will be the first listed company in the UK to be a fully integrated medical cannabis pharmaceutical company. The first £300,000 proposed investment in to Apollon will be targeted towards opening Apollon’s first revenue generation businesses at Doc’s Place Wellness Center and Apollon’s first dispensary and processing facility in Negril, Jamaica and will secure the option to acquire 660 acres of prime agricultural land for future cultivation expansion. I therefore urge shareholders to read this document carefully.
Subject to the Right of First Refusal being agreed and entered into, the exercise of the Right of First Refusal may constitute a reverse takeover under Rule 57 of the NEX Rules.”
Dagga farming: 'Biggest part of establishment capital goes into security'
CapeTalk·6 hours ago
And this not updated............................
http://tweettunnel.com/afriagplc
South African company to grow organic dagga for export to Canada
www.702.co.za/.../government-awards-leaf-botanicals-license-to-grow-and-export-or...
1 day ago - Leaf Botanicals will export medical dagga through an agreement with Agrotiva ... to grow and export medical dagga to Leaf Botanicals (Pty) Ltd.