The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Working with the CMA is all about relationship building. Coupe and Burnley have failed miserably by being arrogant in their approach. Time they should go! Very disappointing!!
Just catching up. Fantastic update. At last we are on our way. Well done ALL!!!!
Sorry woody but my four buys this morning came up as reds. Do not know why but added another 120342 in total.
GLA
Totally agree. Well done all. At last AAOG is becoming a major player.
.....in two weeks !!!!
No placement required as we are already funding through the income we already have!!!! Back to reality and common sense tomorrow.
Stick to your own research, do not listen to the rumour bull s..t on here. Great interview. Hope not too many sold out. Invest based on potential and results.!!!!
Just catching up on the day and have just watched the proactive interview. OMG!! Role on Monday as he cannot hold back. Has he bent the rules legally ahead of the RNS? Will be going in again big time in the morning. Well done everyone. Great prospects!
Am presuming that Udi Cohen (Chief Finance) was pushed given that this financial transfer is taking so long. He should have been all over this process with Ruyi to ensure a smooth process which he obviously has not been. Why is it that Ruyi are making investments elsewhere very efficiently but not with Bagir? Bagir need to step up in their professionalism not only to turn around an ailing business in the last four years but also for the chair of this company to replace more board members to properly turnaround this business. Ruyi has the potential to be huge so what is the issue. Due process is not a barrier, is it being used as an excuse. Can the board explain what the blockers are? Excuse my bit of a rant but Bagir is not maturing as a business as we had all initially hoped. Would appreciate constructive thoughts?
Happy Christmas All !!
Just proves how many people on here do not have a clue. Ryanair valued at 11.60 euro per share. Do some proper research!!!
Surely this will start moving north given that we have proven resource, prep nearly finished and world wide demand. Frustrated that the market does not relate to the given potential.GLA
As disclosed in our notice of EGM and Circular announcement on 3 September as well as in the EGM voting forms, the appointment of the proposed directors on behalf of Ruyi will be effective upon Admission. Regarding your questions about the expected use of proceeds for the investment in Ethiopia and the potential synergies, this was also detailed in the circular and announcement on 3 September, and inter-alia: The Directors believe that the Proposed Investment, by one of the largest textile manufacturers in China, reaffirms their view that the Group's first mover advantage in Ethiopia is potentially transformative to its medium-to-long term prospects. The Directors believe that the restructuring initiatives taking place across the Group will better place the Group to take advantage of the Proposed Investment and the commercial synergies that the strategic partnership with the Shandong Ruyi Group will offer. The majority of the Proceeds are expected to be used to expand the Group's existing manufacturing facility in Ethiopia. The Directors have identified that some funds will be used to significantly expand the suit trouser production line and to establish a jacket production line. The Proposed Investment will increase the Ethiopian facility's ability to produce large volume and high value orders. The Directors believe that the expansion of the Ethiopian facility will enable the Group to take advantage of the interest in the facility from international retailers and improve its ability to compete and win major apparel manufacturing contracts. Regards, Bagir Group Ltd. www.bagirgroup.com
Look at the CVs of the new directors; look at the transformational change of Ruyi over the last three years; they are not going to trade their share capital; they see Bagir as having huge potential and will support accordingly. Based on what Ruyi are doing with their other acquisitions, this gives huge confidence into the future of Bagir. Brilliant!!!
From Bagir.....
The notice of AGM is according to the mandatory regulations and similarly to previous year AGM, and is not connected to the Shandong Ruyi investment.
With regard to the Shandong Ruyi investment, we will communicate progress on the Ruyi transaction through further regulatory news announcements.
Regards,
Bagir Group Ltd.