Member Info for GheeBhee

Another insight into the ways of the Geneva elite. Benedict Hentsch "retired" at the end of 2013 and sold out his family bank to his unrelated non-family partner. The relationship between Hentsch and the owners of GAS was very personal and so the new name Bank clearly wanted its money back. Perhaps they were less happy than M Hentsch to see their money being funnelled directly to AIOG (see the RNS below this one). Anyway, that's the end of the Hentsch connection with GAS and AIOG. Or is it? Despite his misfortunes with Bernie Madoff, M Hentsch must have taken a fair sum away with him at just the right time to invest in the IMIC placing (the AIM front end of AIOG after all). Surely too much temptation to resist given the insider knowledge and the imminent announcement of the Etinde approval and the Sundance Infrastructure winner?

Sundance seeking UK investors/funds? https://www.nabc.nl/uploads/content/files/UK-Cameroon%20Trade%20%26%20Investment%20Forum%20Preliminary%20Programme.pdf

VMT. I don't want to point this up too much but the China connection with Cameroon is quite strong and I would have thought that WAFM would indeed be attractive to Chinese investors because of this. I'm not here to plug IMIC because I'm sure anyone interested in WAFM will have watched the pantomime takeover of Afferro with equal interest and formed their own opinion. I would say though that the relationship between the controlling party of IMIC, AIOG, GASOL and the President and also with various Chinese SOE suggests that the future is probably weighted that way. Reflective shareholders in BLVN might also agree with me. As an aside, WAFM and IMIC CEO's are sharing a public platform this coming week. See https://www.nabc.nl/uploads/content/files/UK-Cameroon%20Trade%20%26%20Investment%20Forum%20Preliminary%20Programme.pdf

Well, that accounts for 20m or so. Panetta Partners averaging down significantly. Interesting that no sooner has Gabriele Cerrone (sole partner in Panetta, I believe) achieved an Aim presence for himself through TILS than he increases his holding here. For background see: http://www.mishcon.com/news/firm_news/mishcon_de_reya_advises_alexander_david_investments_plc_on_reverse_takeover_04_2014 Noting that Saul Sender is the contact on the holdings RNS, it reminded me about Rosy Mining Ltd from this time last year (He featured there too). The lack of transparency with regard to Rosy was total at the time. It isn't any better now but since 14 Feb at least there is a Rosy Mining Limited and in Hong Kong no less. See http://www.coinfo.info/r/ROSY%20MINING%20LIMITED On the face of it the announcement of the Rosy holding significantly pre-dated the legitimisation of the company which is why WAFM would not give a straight answer about Rosy Mining when asked.. This would be mildly irritating if it weren't for the fact that Sundance are about to choose between a Chinese and a European company to supply the Cameroon rail and port infrastructure from which WAFM and also (perhaps much more so) IMIC will clearly benefit. This little indicator points to someone having confidence in the China option anyway.

And here's someone to help raise the cash to do it. http://www.investegate.co.uk/gasol-plc--gas-/rns/directorate-change/201404280700125982F/

That Sundance decision is scheduled for the June Quarter (Apr/May/Jun) http://www.asx.com.au/asxpdf/20140422/pdf/42p3t7m17xt1z1.pdf

Oh look! AFGEN really is worth the money that GASOL is going to pay for it.

Do you have a view on why Niel Infrastructure (a private company created in Sep 2013) crystalised its debt at this time? There seem to me to be two options. First, they see IMIC going bust before 2016 and intend to sell their shares asap to recover as much of their money as possible. The remaining uncrystalised debt is a hedge in this scenario. Second, they know that IMIC/AIOG is about to benefit from the announcement of the decision on the Mbalam Convention infrastructure contract and want to have the sort of influence on decision making that comes with holding nearly 30% of the shares as the largest single holder. (I take it that their interest is in the infrastructure because there's another Niel Company that deals with mining). If the first, then it won't stop at 12p. If the second then your prediction is doomed. Either way, the next couple of months are going to be quite interesting.

You might be right. The chances of infrastructure being provided have clearly just improved considerably. http://www.investegate.co.uk/intl-mining---38--infras--imic-/rns/tr-1--notification-of-major-interest-in-shares/201404150700188135E/ Xavier Niel, I believe. http://www.forbes.com/profile/xavier-niel/

Here's someone else who thinks so anyway. http://www.investegate.co.uk/intl-mining---38--infras--imic-/rns/tr-1--notification-of-major-interest-in-shares/201404150700188135E/ Xavier Niel, I believe. http://www.forbes.com/profile/xavier-niel/

Wandering around LSE posting links to investingsidekick is one way of passing the time I suppose. As for the content, it seems to miss the fact that IMIC ceased to be an investment company when it acquired Afferro and was then readmitted to AIM as a mining company. I'm no advocate of IMIC or a supporter of the two front men covering for AIOG, believe me, but the analysis seems to be shallow in the extreme. Guinea may be a nightmare and Liberia a dead end not worth mentioning but with the Sundance Cameroon Port and Infrastructure competition down to the final two and IMIC/AIOG on one (at least) of the teams, I would have thought the former AFF licences might be worth a bob or two. Then there's the contents of M. Gueant's and Mr Cooper's contact books to consider....

Are you trying to draw attention to the indications that Gasol, largely owned by Mr Cooper, is offering to pay money to a company largely owned by Mr Cooper not once but twice? Dear me.

"Huge vote of confidence in Sundance and the future development of this world class iron ore project (and region) by global trading giant Noble" http://www.asx.com.au/asxpdf/20140325/pdf/42nlt8bc7sxwv8.pdf "SDL's projects are the most advanced in the region and in our view, should be the nucleus around which the consolidation of region's projects would take place" http://www.asx.com.au/asxpdf/20140325/pdf/42nltqwypctj2q.pdf

Rumours of war are always good for the arms research business.

This was notification of an interesting investment decision by a hedge fund. From their website, this investment house claims to seek out inflection points and invest for capital appreciation. Perhaps this analysis of Sundance might shed some more light on the catalysts that they are looking for. This report is available from the Sundance website. https://sundanceresources.com.au/IRM/Company/ShowPage.aspx/PDFs/2741-73702556/PatersonsUpdate

The Geneva group of friends and family continue to look after each other's interests.

I draw your attention to what happened recently to Legend, Afferro and, in a similar but less dramatic way, to Ferrex in Gabon. Once the perception that a significant iron ore province is developing takes hold it seems to me that production time lines take second place to expectations of consolidation when it comes to valuation. Today's interims point in that direction.

In the year ended 31 December 2012, Enerci's share of the revenues under the PSC were €27.1m, with a pre-tax profit of €12.0m. The total consideration payable by the Company in connection with the Acquisition will be US$116.092m in cash. The amount payable at the Completion Date is expected to be funded by a US$76m debt facility to be structured and led by Deutsche Bank and Gasol's internal sources and existing facilities. African Gas Development Corporation Limited and Afren plc have each entered into an irrevocable undertaking to vote their entire beneficial holdings of, in aggregate, 26,542,446 ordinary shares of 0.5 pence each ("Ordinary Shares") in the Company, representing 79.2% of Gasol's issued share capital, in favour of any resolution put forward at a general meeting to approve the Acquisition. Mr Cooper and Mr Pas do like their Reverse Takeovers.

Then it was worth the effort of your going.

It looks like a recipe for share suspension over the festive season to me. The web site still doesn't have the circular posted. Do these people ever do anything they say they will? Meanwhile, have a look at the Sundance AGM info. http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=SDL