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what coming ???????????????
can you elaborate on that?
sooner than you think
.
Only 26 views................ http://en.starafrica.com/news/mozambique-angola-to-strengthen-economic-cooperation-minister.html
That's a big volume jump last Friday.
getting interesting
....
.......
I did take chances and can recall more than one close shave"
I believe George Naude's impact on the company has also been substantial. Lets hope that starts showing in the form of profits soon.
Good Info, thanks. One of the problems mentioned in a recent RNS is that RENAMO are making it difficult to do business freely throughout Mozambique. That will be difficult to manage. AGTA also need some proper long term contracts regarding meat sales.
close shave
confused
new blood to be infused
i just keep buying.... !!! great opportunity to achieve a qualified position at a very good price...
bambazonke...............Rec mate
4 Separate farming units, 15 000 ha ranch, 1800 ha farm with 120 ha irrigation, 2800 ha with 360 irrigated, 900 ha 90 irrigated and 600 ha dry land + Feedlot, abattoir with capacity to slaughter 4000 head per month on a 45hour week. 3 mills, 21 000t of maize silo storage, approx 10 000m2 of warehousing, 17 houses, fleet of approx 60 vehicles, HGV refrigerated, HGV break bulk, light commercial and heavy plant, take into account the biological assets conservatively valued at $3m and you can do some simple maths to arrive at a number. Leases 50 years and renewable.
I was in this share previously at around the 3p mark as i like the sector and can live with a bit of risk .I got out breakeven and now i'm out of the loop and was wondering if anyone still sees value here.With a market cap of around three million its really only valued as a small farm.How much land is owned these days and how long are the leases on the rented ground?I can wait for things to come right but how long should it take for the investments to have viable harvests assuming local political non interference?Most farms of this value are run by 1 person.
microburst occurrences
If is not the price of oil, is trouble in the Countries ...
for AGTA shareholders. As the poet might have put it,....there is a corner of a foreign field.....and that's where I've done my dosh !!
LONDON (Alliance News) - Agriterra Ltd on Thursday said the political situation in Mozambique has continued to deteriorate in 2016, and while its operations have not been affected so far, there is a possibility the problems will have an impact in the future. In Mozambique, the country has been plunged into chaos amid ongoing clashes between the government led by the Mozambique Liberation Front, or Frelimo, and the Mozambique National Resistance, or Renamo, a guerilla group. This situation has continued to deteriorate in 2016 and local Renamo militias have become entrenched in rural areas such as the Tete and Manica provinces, where Agriterra has a number of its operations. Agriterra runs maize and beef agriculture operations in Mozambique and cocoa operations in Sierra Leone. The Renamo militia presence in Tete and Manica present a major risk of ongoing attacks on vehicles on the main truck roads in the region, despite efforts by authorities to broker a solution to the problem, it looks possible the conflict will continue, Agriterra said. To date, Agriterra said it has not suffered any economic loss from the problems, but it is possible its operations will be disrupted in the future, particularly its maize purchasing operations which reach into the Manica, Sofala and Tete provinces. Movements of its beef products also could be affected. In addition to the conflict, Mozambique is suffering currency devaluation. Since May 2015, the Mozambique metical has depreciated 50% against the dollar and 20% against the South African rand. This has had a major impact on the purchasing power of the local population, Agriterra said, though its grain operations have benefited from lower production costs. However, the metical is set to fall further as it faces pressure from reports of alleged undisclosed government guaranteed borrowings of over USD1.1 billion, around 10% of the country's gross domestic product. Due to the undisclosed borrowing, the International Monetary Fund has suspended additional emergency lending amounting to around USD155.0 million for Mozambique and has suspended any policy support programmes. As a result, local currency markets will suffer further, and the value of the metical is drifting lower, which may hit sales for Agriterra's grain and beef divisions and which will increase the cost of imported supplies, hitting margins. Agriterra said it has started the new season buying campaign for its grain operations and has agreed a USD5.5 million loan with its lender to support working capital needs for the division. For the beef arm, sales have fallen due to the struggling natural resources sector in Mozambique, particularly on wholesale contracts. Agriterra shares were down 6.2% to 0.272 pence.
style...not for the faint hearted ..plenty just disappear: camk, nbu, jqw, gbo, gng, ami, afr etc etc
Really !???