3 Risky MicroCaps with Multi-Bagger13 Mar 2017 19:25
3 Risky Micro-Caps with Multi-Bagger Potential
China Africa Resources (CAF) – Soon to be renamed Pembridge Resources.
Share Price: 3p
Market Cap: £2.46m
The Story
Paul Johnson, formerly of Metal Tiger, stepped down from the board on 17th February to make way for David Linsley, formerly the Executive Director of Behre Dolbear. Behre Dolbear is one of the oldest mineral industry advisory firms in the world continuously operating since 1911.
This was a surprise move, as many believed Paul would attempt to replicate here, what he did at Metal Tiger, that is, take it from a sub £3m to a £30m cap.
This move was surprising for two reasons, the second being, the strength of the board and advisers CAF are now building:
David Linsley (CEO)
Previously of Behre Dolbear and CEO of Cross Asset Management Ltd, a UK based hedge fund management company which managed $500 million in assets.
Mr Peter Bojtos (President)
Previous President & CEO of RFC Resource Finance Corp between 1990 to 1992 and was the President & CEO of Consolidated Nevada Goldfields Corp from 1992 to 1993. Mr. Bojtos was also Chairman & CEO of Greenstone Resources Ltd between 1993 to 1995.
Frank McAllister (Advisory Board)
Previous Chairman, CEO and a Director at Stillwater Mining Co, ($2.1bn) after which he became President of the National Mining Association.
Guy Le Bel (Advisory Board)
Until recently, he served as Vice President Evaluations for Capstone Mining Corp ($628.59M)
You can read about their backgrounds by clicking here.
These people have a huge amount of experience, way beyond the usual type of people who you’d expect to see at the helm of a micro-cap comany.
CAF has made 2 Investments to date:
1. US Lithium Ltd, a private Australian company, to acquire up to a 47.5% shareholding in USL. USL has interests in lithium exploration licences in Arizona and New Mexico held through a 100% owned subsidiary company registered in the United States of America.
2. Global Exploration Technologies Ltd, a private Australian company, to acquire a 48.88% shareholding in GET.
GET has five exploration licences in the Kalahari Copper Belt in Botswana held through three Botswanan subsidiary companies.
http://www.sharepickers.com/3-risky-micro-caps-multi-bagger-potential/