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40p resistance is strong here. Would take some pretty bad news to break it (IMO)
One more small step for Coal of Africa. One huge step for all shareholders...or is it? Hope so anyway... I recommend this share as a buy!! I know...call me a ramper...he, he. 2.5p (strong buy)
"In May 2017, average gas processing capacity was reduced, as expected, in order to permit full industrial testing of the new gas sweetening process. This is expected to continue through June 2017, but thereafter plant capacity is expected to be fully available enabling Group production to return progressively to over 8,000 boe per day. The implementation of the new Redox processing is expected to reduce processing costs materially and since Redox is regenerative, will substantially eliminate the requirement to dispose of spent chemicals. At the Uzen oil field, with road conditions restored after a wet period in April, oil trucking and production was restored to normal operating levels. Group average production in May 2017 was 5,420 barrels of oil equivalent per day (c.28% lower than April 2017)." http://www.investegate.co.uk/volga-gas-plc--vgas-/rns/production-report-for-may-2017/201706050700030850H/
From Cynical Bear (1st April 2017)... "To be honest, I’ve been looking for a reason to drop this recommendation ever since I realised that two of the ex-CTAG rampers are also the main rampers on the LSE Bulletin Board for this too. Nevertheless, I’m looking forward to hear what Red Leopard has to say in the Dragon’s Den at the UK Investor Show today and I still hope that it finds a fantastic investment and wish all its shareholders well (other than the Scottish Investor and the Mystery Shopper that is) but it’s not for me. I’m out!"
Just done a bit of research on this company as I noticed the rise in share price and in volume of trades. John Joseph May (Chairman of the Board) and Simon Wharmby (Non-Executive Director) have their previous experience listed in the link below. It's not pretty is it? http://www.redleopardholdings.com/downloads/2017/RLH%20-%20Subscription,%20Nomad%20and%20Broker%20appointment,%20Board%20Changes.pdf Chris Akers invested £250,000 giving him 250million shares, however he also owns 375,000,000 entitling him to another 375 million shares at an exercise price of 0.1p 150 million warrants were converted to shares on 31st March. 82.5 million warrants were converted to shares on 16th March. Peel Hunt converted 75 million on 7th March. 1,143,779,061 total shares giving a current market capitalisation of £4.28 million. 6 months to make an acquisition from 28th Feb 2017. 3 months have passed already. No news on what business they might acquire but with the appointment of Thomas Hoyer yesterday whose experience is with metal miners, I would say that they would be looking at this area. http://www.investegate.co.uk/red-leopard-holdings--rlh-/rns/appointment-of-director/201705310700046223G/ I would also guess that his appointment is also the reason for today´s rise. I certainly wouldn´t invest here yet until the acquisition has been completed as its a pure gamble.
Hopefully, the share price will rise to a more respectful valuation on this news.
Finally some good news about the water licence... Chief Executive officer of CoAL said, "The lifting of the suspension of the IWUL by the Minister is welcomed as this decision completes the suite of regulatory authorisations required for the Makhado Project. It further confirms government's support for the Makhado Project and its potential to drive sustainable socio-economic transformation. We will continue to work with all parties to ensure that the matter is completed satisfactorily, and furthermore to secure the remaining surface rights." http://www.investegate.co.uk/coal-of-africa-ltd--cza-/rns/appeal-lifted-against-water-use-licence-at-makhado/201705300700114721G/
"Iain Ross, recently appointed Chairman of the Company commented: The timing of this action by LCC and its advisers FRP is extremely unfortunate and quite baffling considering our efforts to have face to face discussions, including earlier today, the immediate offer of a payment plan and our latest proposal to make an immediate £1million payment in return for a short grace period. The Board and its advisers felt consistently confident that we could have found the appropriate solution within a short period and can't quite fathom why a creditor with whom we have had a good relationship for over 5 years is taking such an aggressive stance when they know, and have been provided with the evidence, that the Company is making excellent progress on all fronts. The Company, which now comprises 84 employees, has two incredibly important state of the art cancer programs, which will shortly commence clinical development in seriously ill patients and both these assets are attracting significant partnering interest from a number of large pharmaceutical companies. Despite this and our assurances to resolve the matter quickly, LCC has refused to meet with me or to have any direct discussion. Further announcements will be made in due course." http://www.investegate.co.uk/redx-pharma-plc/rns/statement-re--suspension/201705241835131689G/ Something dodgy and bordering on corrupt going on here maybe?
£15.6 million cash ($20.2m), over 7000 boepd production and a mere £47.5 million market capitalisation.
👍🏻 http://www.investegate.co.uk/volga-gas-plc--vgas-/rns/operational-update/201705190700066024F/
2016 Financial Highlights: · Revenue increased by 11% to US$22.5m (2015: US$20.3m) · Gross profit of US$2.7m (2015: US$4.3m), despite a 20% fall in iodine prices · Convertible loan notes restructured and reissued and a US$10 million debt facility added · Cash and cash equivalents at 31 December 2016 of US$2.8m http://www.investegate.co.uk/iofina-plc--iof-/rns/final-results-and-notice-of-agm/201705190700066081F/ Not that good is it?
Smell of sweet & sour in the air. Sour as in potential lost jobs for UK employees. Sweet as an absolute steal for Hytera to take over decades of research & development and plug it in to their own cheaper version which will probably break after using a strong hand. 20p is a Chinese takeaway too far IMO. 😑
Keep an eye out for 24-28p area for a low entry. SP dropping...expecting poor interim results perhaps on the 17th May? See chart... https://s12.postimg.org/vwrrehne5/REDX_PHARMA_ORD_1_P.png
"The Secretary of State for Business, Energy and Industrial Strategy has announced that, subject to the outcome of a period of public consultation which closes at 5.00 p.m. on Wednesday 10 May 2017, he is proposing to accept statutory undertakings set out by the parties involved in the Acquisition" Looks like a given now. Who is involved in the public consultation? Customers, employees? See what tomorrow brings and then another RNS soon to follow about the above.
There maybe better entries yet at 9.6p, 8.25p, 6.9p and 2.5p (IMO). 2.5p though looks unlikely unless the company gets into serious trouble. 14p resistance. See chart... https://s10.postimg.org/8anqisc55/SEPURA_ORD_GBP0.0005.png
Chart shows significant rise over the last few weeks. A wide range of daily lows and highs on not much volume seems to be the way with this share. https://s9.postimg.org/hd93fwppb/IOFINA_ORD_1_P.png
Before 30th June is what it says on the Iofina website...No definite date given, but IMO the recent buying is because some are expecting good news. Not me. 14p is strong support/resistance level. It will do well to break this before news. http://www.iofina.com/investors/financial-calendar
Final Results are due I expect here in the next week or weeks before end of May. Market is pricing in for good news then? Let´s see... 2015 Results were announced on 27th May http://www.investegate.co.uk/iofina-plc--iof-/rns/final-results-and-notice-of-agm/201505270700142938O/ 2016 Results were announced on 9th May http://www.investegate.co.uk/iofina-plc--iof-/rns/final-results-and-notice-of-agm/201605090700075809X/