Member Info for closettrader

I posted this on Sept 17.......drawn your own conclusions. Andrew Groves is certainly linked to both ADSS and AFPO. Groves is a NED of ADSS. From today's RNS from ADSS it states 'On a positive note, the Company's business in Ethiopia has been improving. Contracts with major potash project developers have been negotiated and renewed as they look to advance their exploration and mining operations. The Ethiopian business pipeline is also improving in the natural resource and infrastructure spaces. With a positive market dynamic and a growth in requirements for international standard support services the Board is hopeful that the Ethiopian operations will generate positive returns'. Now, in an article in 2011 about the launch of AFPO, ( http://www.growthcompany.co.uk/news/1657453/african-potash-takes-aim.thtml), it states, 'Entrepreneurial duo Phil Edmonds and Andrew Groves are backing African Potash, which has raised £4.16 million for an imminent AIM float....................Edmonds and Groves, active in resource-linked corporate ploys around the African continent, such as Camec, Sable Mining and White Nile/Agriterra, will hold 15 per cent each of the enlarged company and both will be non-executive directors, as it probes potash assets and busineses, primarily in Congo Brazzaville (NOT the Democratic Republic of Congo) and Ethiopia.' Now, from AFPO's RNS of August 4 it stated, 'The Company now has a prime interest in both the exploration & extraction and trading sectors of the fertiliser industry and intends to add other complementary aspects in due course, as it continues to explore opportunities.' So maybe Ethiopia here we come......for both AFPO and ADSS.

Andrew Groves is certainly linked to both ADSS and AFPO. Groves is a NED of ADSS. From today's RNS from ADSS it states 'On a positive note, the Company's business in Ethiopia has been improving. Contracts with major potash project developers have been negotiated and renewed as they look to advance their exploration and mining operations. The Ethiopian business pipeline is also improving in the natural resource and infrastructure spaces. With a positive market dynamic and a growth in requirements for international standard support services the Board is hopeful that the Ethiopian operations will generate positive returns'. Now, in an article in 2011 about the launch of AFPO, ( http://www.growthcompany.co.uk/news/1657453/african-potash-takes-aim.thtml), it states, 'Entrepreneurial duo Phil Edmonds and Andrew Groves are backing African Potash, which has raised £4.16 million for an imminent AIM float....................Edmonds and Groves, active in resource-linked corporate ploys around the African continent, such as Camec, Sable Mining and White Nile/Agriterra, will hold 15 per cent each of the enlarged company and both will be non-executive directors, as it probes potash assets and busineses, primarily in Congo Brazzaville (NOT the Democratic Republic of Congo) and Ethiopia.' Now, from AFPO's RNS of August 4 it stated, 'The Company now has a prime interest in both the exploration & extraction and trading sectors of the fertiliser industry and intends to add other complementary aspects in due course, as it continues to explore opportunities.' So maybe Ethiopia here we come......for both AFPO and ADSS.

The closing price of 11 is not representative of what was happening before the market close on Friday. It was again, as on Thursday, impossible to buy any quantity for the last 40 mins with the maximum buy amount being about £500 for 11.74, and the bid fluctuating between 11.24 and 11.46. This should open up again on Monday......

Buying this afternoon on Barx was very restricted for the last 40 minutes.....and it was impossible to buy anything at all for the last 5 mins whilst the bid price was being continuously raised......and we all know what that means for the opening tomorrow......

That's £900,000 income per week according to my estimates by the end of October....then there's the expected production increases on top as well.....no wonder Geoff Bury thinks WRL will exit 2015 in a strong financial position!

Transformational news, as they say! RNS out after market closed last night stating long waited GSA signed @$3.07 per 1000 cf. with gas into pipeline from Aug 20 and production to increase to 70 mmscf/d by October and 80mmscf/d by the end of the year. WRL's latest corporate presentation stating supplying longer term goal of supplying up to 210 mmscf/d into Dar es Salaam pipeline plus 60 mmscf/d into power facility at Mtawara, plus140 mmscf/d into a proposed petrochemical project once signed off. MD Geoff Bury stated 'We are very pleased to announce that production from Mnazi Bay has now commenced and the Mnazi Bay joint venture is the first supplier to the new transnational pipeline in Tanzania. Concluding the payment guarantee and starting production in our Mnazi Bay gas fields are pivotal events for Wentworth and underpin the long-term viability of our operations in East Africa and our partnership with Maurel & Prom and TPDC. "Wentworth is well positioned to become a significant gas producer in Tanzania, where supply and demand dynamics offer an opportunity which we and our Partners are uniquely placed to realize. We expect to exit 2015 in a strong financial position." Like the last bit..........

UK Secretary of State for Communities and Local Government, Greg Clark, says in today's RNS: It is encouraging that Sigma is harnessing up to £1 billion of investment for the construction of 10,000 new rental homes in the UK. Underpinning the Sigma model is their work in partnership with local authorities who have a crucial role to play in the rapid delivery of new housing." David Sigsworth, Chairman of Sigma, stated in the Company's final results to Dec 2014, 'The new homes under both agreements will be built on land procured and developed by Sigma, through our local authority partnerships and house building partners. Looking ahead, we have set ourselves the target of delivering in excess of 10,000 new homes in the next five years, with these new homes comprising a mix of PRS, market for sale and social housing. We also expect to participate in these opportunities using the Group’s own capital. With our PRS Joint Venture with Gatehouse gaining momentum and our relationship with Grainger now underway, we are confident of further progress to come over 2015.”

Baron has recently tipped XTR, VRP and IAE all of which have gained over 100% in the last month. He is regularly on twitter backing his picks and his first NOP tweet today was at exactly the time of the initial rise.....not sure how many are on his twitter list but this seems to be becoming a self-fulfilling policy.....tweet to thousands of PI's ....everybody gets in due to the success of his recent tips....and up she goes again! I'm not knocking his picks....or his way of putting out the message....but it seems to work!

Piece on BBC News this morning about a tidal energy project off the Isle of Wight - not ours but there was mention of Government commitment to tidal power projects. Indeed if you put '2014 Tidal Energy' into Google there is no shortage of info out there for expansion in tidal energy projects this year. For example, and written in 2011(!), 'Industry forecasters say a total of 150MW of wave and tidal current stream capacity is set to be installed in 2011-2015 with a lot riding on 2014 to be the year in which installations take off by more than 100 per cent. Offshore consultancy Douglas-Westwood has forecast a total of 150MW of wave and tidal current stream capacity to be installed in 2011-2015. In its study, entitled “The world wave and tidal report 2011-15,” it notes that installations for marine power generally in 2011 are more than double those last year, with further rapid growth expected as the first commercial projects start coming online. The company finds 2014 will be a significant year in which several commercial projects will take off and installations increase by over 100%, with this trend expected to continue the following year. UK’s tidal promise The largest market during this period will be the UK, which it says will install 110MW of wave and tidal current stream projects over the next five years, adding that Canada is in second place while there will be strong progress in the USA influenced by major research and development spend.'

'Exciting times for Atlantis', states Tim Cornelius, CEO. From Final Results, June 2 2014, 'We have made significant progress since February in finalising the construction and supply contracts for MeyGen, and in reaching agreement with the project funding syndicate in readiness for financial close and the commencement of construction for Phase 1A in H2 2014. Excellent progress has been made on the detailed design of our AR1500 turbine with Lockheed Martin with the program on track for completion in October of this year and the first AR1500 turbine to be installed at MeyGen in H2 2015. Further, our other key supplier, Andritz Hammerfest Hydro, remains on schedule to deliver turbines on time and to budget and post IPO, we have also announced a number of significant strategic alliances with large multinational corporations which will allow us to broaden our product and service offering in the future. It is exciting times for Atlantis Resources Limited". UK Government gives funding to help construction of the world's largest tidal power project in Scotland - when will this hit the news I wonder.........

...and as they said in August 2014, 'Atlantis continues to work closely with all relevant financing and contracting parties on achieving financial close for the first phase of the project, which is expected to be completed shortly. Accordingly the Board knows of no reason for the recent share price falls. The project remains on track for construction to commence in 2014 with first power expected in early 2016.

Last night's RNS seems like a game changer. Company floated on AIM in Feb 2014 raising £12m at 95p per share - current share price 45p giving a MCap of 33m. Funding agreed for £50m to build the world's largest tidal power project offshore Scotland - first power early 2015 with a view to providing power for over 200000 homes by 2016. Atlantis are the world's experts in tidal power and the RNS states, ' With many tidal project leases having been secured throughout the UK and around the world by various developers, the financial close of MeyGen is likely to be a catalyst for the emergence of a new asset class of renewable energy generation, making this an industry defining event; Atlantis will remain at the forefront of worldwide developments in the tidal power industry with the benefit of its first mover advantage and know-how in both project development and turbine design'.

Pretty new to this share but the Home Page of their website states, ' The Board of Directors has reached the decision that it would be in the best interests of shareholders to dispose of all of the Company's assets and return the net proceeds to them by way of a cash distribution, or such other return of capital that is deemed most efficient at the time, having taken the necessary advice.' This may well have been covered in the past but what do learned posters reckon the assets are worth and what time-scale is being talked about?

In the latest Half Yearly report (May 27 2014) it stated, 'The Directors are confident that the Group has sufficient funds to meet its working capital requirements and commitments for a period of not less than twelve months from the date of signing of this financial information. The Group's working capital and commitments are closely monitored by the directors and monthly forecasts are prepared in order to ensure that the Group has cash available to meet known project and overhead commitments. There are no contractual commitments for minimum development spend within any of the Group's licences and therefore the pace of development of the asset can be adjusted within the availability of cash resources. As a result the financial information has been prepared on the going concern basis'. Hope that allays your concerns.

I haven't been following this share but wondered if this is of interest from today's Business Section under 'Amazon dials up 3D phone': ....'Internet retailing giant Amazon is planning to release its own smartphone before the end of the summer, according to reports in America..........the new screen is expected to feature a screen that will show some images in 3D, without the used having to wear 3D glasses.....mass production of the new gadget is expected to start later this month with an initial order of about 600000 units....and will start selling in September.....'

Multimillion $ contract! From today's RNS contract with Disney, ' DQ Entertainment will earn low multimillion US$'s in revenue from this contract beginning in the current financial year.' Current MCap £10m. Additional contracts also signed recently at Cannes. Latest half year results to 30 Sept show a profit after tax of approx $5m,

TAKEOVER!!!.......sorry, just trying to get your attention.......

Possible takeover indicated in today's RNS?: 'The Company confirms it is subject to the jurisdiction of the UK Takeover Panel and the application of the City Code'. Seems well undervalued...cash at 30 June 2012 £45m....current market cap £30m with ConocoPhillips taking a 70% share in it's Baltic licences in 2012

Takeover target............just in case anybody missed my post of yesterday......

Takeover speculation here! From Saturday's Times 'Tiddler to Watch'....'Racier private investors took a hard look at Silverdell, which ran 8.9% per cent higher to 18.5p. They heard rumours of possible takeover interest pitched at a generous-sounding 28p a share....'. Well I'm not sure about 28p being generous. Silverdell in its results to Sept 12 reported pre-tax profit up 43% to £4.3m, it's reducing its debt and has announced a maiden dividend to be paid in March 2013.Their order book as at Oct 2012 was up 105% on the previous year to £219m and 'the level of tendering activity is high'. Andrew McGee a director of EDS, a Company recently bought by Silverdell, recently sold 75% of the resulting shares he acquired 'in order to satisfy to institutional demand'. Seems like something's afoot and with only 313m shares, with over 50% being held by II's, then these shares should be in demand.