Tens of millions spent,three or four company renames, umpteen BOD's, AMD, Coal Briquettes, Coal Fines, Gold and Graphite yet not a penny made in well over a decade. Are the new lot going to change that?
RE: A.Kabunga - Now Chairman of Volt Rs22 Aug 2017 23:07
There we are then, that's all we need to know, apart from how does AK keep getting these tenements to sell to these companies keeping a stake then ending up on the BOD's? Where else is Kabunga Holdings/Kabunga Family Trust involved? At what point will he take his place on ACP's board?
RE: A.Kabunga - Now Chairman of Volt Rs21 Aug 2017 13:58
No hint SF, as the largest shareholder in ACP its good to see and know how things are done by AK. The tenements he's been involved with along with the companies,contacts and links in Tanzania.
It does seem odd though that what looks like a good resource through the shop window hasn't attracted a person to fill the captains job in 6 months. It seems someone doesn't want it filled!!
When I see better figures from the company, a slow down in revenue drop and a proper increase in subs with a monetary value. Then I'll see value and go long, for now though there's trades to be had.
My take is how it's always been Mannnan , Latam revenue needs to stop declining and level out, plus 50% drop every six months is not good. Potential is there for India but they need to speed it up with revenues from these sub numbers, it wasn't enough in the last update. I still see this dropping more over the next few weeks with a trade possible running up to the trading statement. The FY results will shed some light on sectional revenues.