Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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people happy to be taking a position and holding - with potentially huge news literally a few days away, why on earth would you be selling now?
I can imagine it would be difficult for anybody to be buying any significant volumes in the lead up also
This is like pulling teeth,
Very small number of shares being traded. Maybe not many being prepared to sell at these prices ?
A sea of blue!
I think we may be off and running...
This is definitely the last chance to be getting in at this levels, the amount of news flow that is backing up will be ridiculous.
Consolidation and BoD change over the next week will be the first big step up, then I can imagine the corporate / business and production updates will come thick and fast. They won't want this sitting as an oil minnow for any time at all
MM’s will use every trick in the book on this. Hold tight for 7th when Sheikh’s plans revealed and appointment made so only one way this is going and that’s North imho. And when this moves, it moves fast - don’t get locked out. Expect to see a build up as people take positions. This is not your average AIM share now - we’re moving to bigger, better things imho. Exciting times!
Market makers will be working as many shares as they can from the weak for when the shaikh gets on board
This is going to happen all week
My buy is showing as a sell - definitely some manipulation today
Waiting on the meeting no doubt, or have already taken position. It's a wait now, I expect a big shake to scare new buyers prior to the meeting. Hold fast and we MAY have our prize
I think because the announcement that the Sheikh would get to appoint one representative to the board was on 18th April. That's 5 and a half weeks ago, which is long enough for people to go chasing other companies on AIM that are the latest "thing". People get bored and don't like waiting, the news is not recent anymore so new readers aren't aware what we're waiting for, and that gives a vacuum for derampers to pile in and say that the company has no prospects and for people to believe them. Patience is hard.
Why the SP down as it is?
Thought people be pilling in more
WOW!!
It is the most extraordinary interview, by a journalist with a long and respected career in this industry, published in a serious print-and-online publication from a solid publishing house.
When he bought in at just under 30%, the board said he would have one representative on the board to recognise the size of his investment. "As part of the agreement for this strategic stake, the Company has offered the Strategic Investor the right to appoint one person to the board of directors."
The interview / article then tells us that he intends to be that person himself, and also tells us what he intends to do with his appointment.
Slowly - thank you for posting that. An amazing, exciting read. Anyone going to the meeting this week?
[2/2]
“MX has had its problems accessing sufficient funds but I don’t believe this will be a problem in future. It’s an ideal vehicle for taking advantage of opportunities, primarily in Africa.”
Pressed on his preference in terms of asset acquisition, Sheikh Ahmed said he will “look at production and near-production assets, but we are not afraid of exploration as long as the portfolio is balanced”.
“We won’t sit on our hands as a single-asset company but will rather go after company-making projects, add value and get them into production — we will do our technical work before taking on any project, leveraging relationships we have with international oil companies who may wish to partner with us on larger projects.”
Sheikh Ahmed last month visited Ondo State Governor Rotimi Akeredolu in Nigeria, signing a memorandum of understanding for a deep-sea port development.
“We are currently evaluating several opportunities in West Africa’s oil and gas sector and will announce the projects in the near future once progress reaches a certain stage of maturity,” he said.
Sheikh Ahmed is the founder and chairman of Africa Middle East Resources Investments (Ameri Group), which is building a portfolio of power plant and energy infrastructure projects — including gas-to-wire schemes — and has in the past year been traversing the African continent in search of strategic opportunities.
Ameri is exploring investments in both the Democratic Republic of Congo and Congo-Brazzaville, Equatorial Guinea and Gabon, and this year entered into partnership with Ghana to install an emergency power plant on a build, own, operate and transfer basis in the Takoradi oil hub.
But the prince has also chosen to operate initiatives through his private office, meeting directly with heads of state including Nigerian President Muhammadu Buhari, Liberian President George Weah and Puntland President Said Abdullahi Deni.
In addition, he recently attended the inauguration of re-elected Senegal President Macky Sall.
His initiatives reflect a burgeoning interest in Africa's oil and power sectors by Persian Gulf states, particularly the United Arab Emirates.
The Dubai Multi Commodities Centre free trade zone has lately been growing in relevance for start-ups targeting African energy investments, while Oslo-listed African Petroleum surprised investors last month by merging with PetroNor E&P — half-owned by an Abu Dhabi vehicle linked to the Emirates’ royal family.
Sheikh Ahmed’s MX Oil deal has raised hopes that more private equity from the UAE might now be tempted into Africa’s cash-strapped upstream sector.
[1/2]
A surprise move by Dubai’s Sheikh Ahmed bin Dalmook Juma al-Maktoum last month to acquire a personal stake in Nigeria-focused junior MX Oil has triggered hopes that Persian Gulf players may help plug a funding gap in African energy infrastructure projects.
In an exclusive interview with Upstream, Sheikh Ahmed insisted the decision to take a 29.86% equity share in MX — a partner in the producing Aje field off Nigeria — was his first investment in a public company and that he "currently has no intention to invest in another".
"I will certainly be taking on a very active role within the business. It may take another month but I intend to join the board as an active chairman because I have a desire to personally steer the business," he said.
"I have very clear ideas as to how significant value can be grown within the business,” added Sheikh Ahmed.
He did not comment on whether heavyweight partners may be sought to accelerate the pace of growth, but said his ambition is to build MX Oil into a billion-dollar energy business over the coming years.
Currently, London-listed MX’s sole asset is Aje, which lies in OML-113 in the long-neglected Dahomey basin, where its partners are New Age, Energy Equity Resources, Panoro and operator Yinka Folawiyo.
But MX chief executive Stefan Olivier said Sheikh Ahmed’s private investment will add great value and yield fresh partner opportunities.
With MX Oil, Sheikh Ahmed said his role will be “to focus on business development and on growing value, building on his relationships with the many heads of state who are keen to work with us to help them develop their natural resources.”
Could somebody please post the full upstream interview (not the link) with H.H. I think we could all benefit from reading this again pre AGM. Ramadan ends tomorrow. Big week ahead...
Tiny volume, everyone is waiting...
Meant consolidation .
A lot higher by Friday?
Yes, 100% after consultation.
Higher value of your investment? Perhaps.
That would be the best time for the announcement, at the agm
Not sure of the date of the interview but I think it was a few weeks ago, so the appointment could coincide with the EGM on Friday
The announcement of the Sheikh becoming Chairman will surely boost the SP
‘UAE equity wakes up to African opportunities
Dubai's Sheikh Ahmed takes a stake in Nigeria's MX Oil with plans to 'personally steer the business' ‘
"I will certainly be taking on a very active role within the business. It may take another month but I intend to join the board as an active chairman”
?https://www.upstreamonline.com/hardcopy/1766754/uae-equity-wakes-up-to-african-opportunities?
For anyone who hasn’t seen this - so looks like he intends to join as an active Chairman himself - looks like all will be revealed on 7th his plans for new opps - this is huge! DYOR imho