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The company is plagued with extreme company infighting, Maputo closed down, ties to Mugabe and the Rautenbach fellow, putting investor funds into stud cattle in a country with no vet control, cannot export any beef from the country, family and friends manage all key positions, high risk? I have to decide what to do with what I hold or hope Edmonds and Groves know what they are doing or hopefully pass it to somebody that does because I am worried.
Some big buys going through today. One buyer stake building I would imagine.
Don't get why this continues to fall ! In my view, any news recently has been positive so the drops seem illogical. Does anyone know if Total have actually paid AGTA the £11m they were ordered to pay yet?
Thanks for that mate. Been trying to get hold of someone from the company for a couple weeks but seems no-one will speak to me!!! Lets hope they are all busy for a productive reason!
Some what I would consider good news for you. 5p price is quite good for an AIM Company, I would have expected around 3p. RNS Number : 2635B Agriterra Ltd 23 October 2009  Agriterra Ltd / Ticker: AGTA / Index: AIM / Sector: Agriculture 23 October 2009 Agriterra Ltd ('Agriterra' or 'the Company') Raises $5.1 million to Expand Beef Ranching Operations & Strengthens Board Agriterra Ltd, the AIM listed company focussed on the agricultural sector in central and southern Africa, announces that it has conditionally raised approximately $5.1 million (before expenses) by way of a placing of 63,950,000 new ordinary shares of 0.1 pence each in the Company ('the Placing Shares'), with new and existing shareholders at a price of 5 pence per Placing Share ('the Placing Price') ('the Placing'). The funds raised will be used to expand the Company's cattle ranching and feedlot production business, through its subsidiary Mozbife Limitada ('Mozbife'). This expansion is aimed at capitalising on the growing demand for beef in sub-Saharan Africa and at adding value to the Company's portfolio of businesses operating in the African agricultural sector, including two significant grain processing facilities in Mozambique. To strengthen the Company's Board, Euan Kay, who has managed the Company's subsidiary Desenvolvimento E Comercialização Agricola Limitada ('DECA') for the past five years, will join the Board as an Executive Director with immediate
.......know what's happening with AGTA??? Struggling to find out anything recent from anywhere. Any info would be gratefully received.
No reply from AGTA yet but good to see these bouncing back over the past couple days even though trading has been very sparse. Think I've missed the low to top up so will probably just sit & watch with what I've got for the time being.
I can not find any report of the Total money actually been paid to AGTA yet - I have therefore contacted the company to try to find out. I will post their reply on here. The near 10% rise today was pleasing to see!
The Total cash totally revalues this company. That's got to be refelected in the sp sooner or later. Am desperately trying to free up some cash to buy more of these while it's at this level - to me it's a steal!!
Maybe the 5-6p range wasn't so secure!! Things have just gone a little quiet with AGTA so I guess investment money is being diverted elsewhere. Could do with an RNS here soon to perk things up again.
Nice 10% bounce today on very little volume. This seems pretty volatile at the moment on just a few trades - but all within the 5-6p range - need to some positive news to break out of this range.
A series of nice size buys at 6p today - something is tucking away a big stash of these - maybe they know something we don't! Anyhow, was exciting times being in AGTA today - should continue next week too given the volumes today.
Palm oil purchase cancelled. RNS out today.
Now that he can devote more of his energies here after the sale of CAMEC, lets hope Phil Edmonds can produce something equally spectacular for us in AGTA.
This looks all set to push north again - especially with all the buys over past couple days. A further update wont be too far off either hopefully.
sp not showing above ?
Is it too simplistic to assume that $11m going into the coffers of AGTA is going to boost the SP so that this $11m is reflected in the market cap? Or is this just wishful thinking?!
That is Sat Aug 29, 2009 http://uk.reuters.com/article/idUKTRE57S1GS20090829 $ 11Million
Sat Aug 29, 2009. Sudan's National Petroleum Commission (NPC) -- which met this week after a long hiatus -- ruled that a consortium led by France's Total (TOTF.PA) must pay $11 million to former explorer White Nile Ltd Now Agriterra Ltd, the south's oil minister John Luk said. http://uk.reuters.com/article/idUKTRE57S1GS20090829
Are you advocating selling the rest? I'm also invested in CFM awaiting "The Takeover" which has cost me and hundreds of other investors £thousands in Lost Opportunities elsewhere.
...to invest in a mining company which I viewed as more likely to provide a spectacular profit. Except AGTA's gone up today and DWY's fallen slightly but it's early days. I'm sure AGTA has a bright future but I don't think it's going to do a GKP or PXS! Agriculture is a long-term investment and I've noted other comments about the possibility of crop failures. So AGTA has reverted to being an interesting investment but I don't expect it to do much in the near future. However, once CFM has been taken over perhaps Phil Edmonds will invest more in AGTA? Somehow, I don't think so. I suspect he'll start yet another Africa-focussed company and make £millions.
Agreed. I'm in this for the long term.
When and if CFM finally announces the t/o deal there will no doubt be considerable buying activity on many of the stocks discussed on this site. I will be thinking of holding a wide selection of the most likely candidates in the hope of catching the spin off boom from the massive CFM sell off. If you choose wisely and are prepared to get in early imo there will be considerable spare funds following you in. GLA
http://www.investegate.co.uk/Article.aspx?id=200908180700055780X GLA
Back in March CAMEC owned 35% of AGTA but an RNS dated 7 May stated that they were no longer a "significant shareholder" which indicates that they still hold some shares. AGTA's website states that 62.44% of the company's share capital is not in public hands which might explain why the SP rockets when more than the usual number of investors try to buy.