Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
exciting times ahead here
I was replying to this
even with all the good will, you need expertise to do something
tell me who is exactly an expert in finance, or tech or even a large scale business on the board ? thats out of everyone on the top no one has working experience of finance or technology or banking -
nevermind a credible and proven track record
Funny that because I tick all of them boxes!,,
anyone selling today would have to be stupid, common sense says this will be higher on spud, even if they dont want to wait for the result
I certainly wouldn't be selling at todays SP that's for sure
I came over from CERP , was holding circa 10% there and then also took some more BPC in recent placing. I still have faith in LK & have had a zoom meeting with Simon Potter and was impressed by him
I own circa 3% of the company and will happily add more at this price but if you wouldn't touch it with a bargepole then don't, also no point in you touching this board either though
https://www.dailymail.co.uk/money/markets/article-8958437/SMALL-CAP-SHARE-IDEAS-IronRidge.html
I have spoken recently with the guys at Comarco and also Andrew Monk from VSA to emphasise the need to improve the PR etc, should start to get better now. I will remain on the case with this but more important once the deal is signed, wouldn't want them to get courted by others before the deal is done!!!
we seem to keep following the trading range bottoming out around 20p and peaking at circa 25p
not sure about that I know most of the people who took some of the placing and none of them are intending to sell anytime soon. Frustrating everything has taken so long, once we get the RTO complete the new business will have the tools to be able to raise the cash they need to win and fulfil new contracts, the future will soon look very bright
I am very comfortable with the direction the company is going in, even though the SP isn't where I would hope. We have great assets and a good BOD, once the our NSR has a real value put on it (shouldnt be too much longer) then we will move to a new trading range. As you say I am a founder investor in MTR (going back to the Brady RTO) , I have continued to build a position and am happy to hold
once the RTO finally happens, this will fly
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Anglo African Ag PLC (AAAP)
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Monday 16 November, 2020
Anglo African Ag PLC
Update on the Proposed RTO and Trading Update on Comarco
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
16 November 2020
Anglo African Agriculture plc
(“AAA” or the “Company”)
Positive Update on the Proposed RTO and Positive Trading Update on Comarco
The Company is providing an update on the proposed acquisition of the Comarco group of companies (the “Comarco Group”) and the associated fundraising. The Comarco Group is based in Mombasa, Kenya and is engaged in port and marine logistics activities in East Africa.
AAA has been working with the management of the Comarco Group for over two years, assisting on the group’s operational restructuring and strategic positioning for growth. On 12 November 2018, the Board of AAA announced that a $1 million loan was advanced to provide general working capital to Comarco Group (the “Port Loan”). The Port Loan was provided as part of AAA’s assistance to restructure the Comarco Group. The Port Loan was repayable on 11 November 2020 and is currently accruing interest at 15%. As of 16 November 2020, the sum repayable under the Port Loan is approximately $1.3mn (c.£1mn), the repayable amount continues to increase as interest accrues daily. On 9 June 2019, AAA signed conditional share purchase agreements (the “SPAs”) to acquire the entire share capital of a number of the Comarco Group companies (the “Proposed Acquisition”). The SPAs were extended until 31 August 2020.
As per the Proposed Reverse Takeover announcement dated 23 September 2020, the Board of AAA and Comarco Group have been discussing terms of a new extension of the SPAs. The Company is pleased to announce that it has signed a Heads of Terms agreement with Comarco Group that confirms the path to the Reverse Takeover (“RTO”).
Highlights of Heads of Terms
Interest in Enlarged Group: Comarco Group vendors will, prior to any fundraising as part of the RTO, have an approximate 93.7% interest and AAA will have an approximate 6.3% interest (ratios unchanged); This means that the ratio remains the same for the new ownership despite the fall in the AAA share price over the last 12 months
Funding: The Parties have secured a non-binding equity investment term sheet from a large international fund, as well as a non-binding term sheet regarding new debt facilities with Comarco Group with an established East African bank. In addition to this funding, AAA will undertake to secure further fundraising as part of the RTO;
Port Loan extension: AAA has extended the term of the Port Loan for a
It depends how you define success, best case scenario with a massive find would take us well beyond 30p
Aquas will soon be a much better exchange, with far better liquidity , no need for a move to AIM in my opinion
Remember you have got to be in it, to win it, added a few more today
another £50k also filled after
This was part of my buy order filled
02-Nov-20 14:47:30 19.75 250,000 Unknown* 19.50 20.00 49.38k O
I have a large buy order in at a number slightly below where we are now, if you don't like holding here now is the perfect time to sell, you wont have any trouble finding a binder until my order is filled