The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
He signed a MOU last week in Ondo State to develop oil blocks...........
Do we think he's going to play at this?????
This is major and the clues are out there.
Hello...........
Other objectives of the MoU include: exploring the potential to develop Oil Blocks and Strategic Storage Terminals, developing cashless solutions for internally generated revenues (IGR) on direct assessment: and any other projects of mutual interest.
The Ondo State Governor, Rotimi Akeredolu,on Thursday took a major step towards widening the investment horizon in the state.
This was as Akeredolu signed a Memorandum of Understanding, MoU, with the private office of a member of the Dubai’s ruling family, His Highness Sheikh Dalmook Al Maktoum, in the area of sea ports and infrastructural development in the state.
The governor was seeking the collaboration of the United Arab Emirates’ Dubai in developing Ondo State and widening its investment horizon.
The governor was invited yesterday to meet the Under Secretary for Foreign Trade, Ministry of Economy UAE, Hon Abdulla Ahmed Al Saleh, to discuss opportunities in his state, according to a statement from the Governor’s office.
Very interesting, he was active in Nigeria last week or so signing a MOU
https://dailypost.ng/2019/04/12/ondo-gov-akeredolu-member-dubais-ruling-family/
https://medium.com/@wllmsdmn/know-more-about-his-highness-sheikh-ahmed-bin-dalmook-juma-al-maktoum-9cd592d38db1
His Highness Sheikh Ahmed Bin Dalmook Juma Al Maktoum, member of the ruling family of Dubai UAE and founder of the diversified conglomerate, Africa Middle East Resource Investment (AMERI Group) has emerged as a strong force on the global front.
H.H. Sheikh Ahmed Dalmook Al Maktoum
His rise as an influential figure stems from his decisive leadership in expanding UAE’s energy and power network across continents and his inspirational work on the humanitarian front. As the founder and the Chairman of Ameri Group LLC, His Highness Sheikh Ahmed Bin Dalmook Juma Al Maktoum has established strategic partnerships in many African countries to create a better world for the underprivileged. In doing so, he has played a path-defining role in extending a helping hand to bring about a positive change in the lives of millions.
The Ameri Group LLC has diversified into a conglomerate that develops, invests, co-owns, and operates power plants, energy and infrastructure projects mainly in Africa and the Middle East. Through Ameri Energy, the Group has dived headfirst into providing economical, innovative and clean energy solutions. The Ameri Infrastructure division specialises in EPC solutions with a reputable clientele.
In 2016, His Highness Sheikh Ahmed Dalmook Juma Al Maktoum led the Ameri Group into a partnership with the government of Ghana, thus establishing an emergency power plant to solve the country’s electricity crisis. Presently, the Group is exploring investment opportunities in other parts of Africa such as Congo, Equatorial Guinea, Gabon and many African Countries.
His Highness Sheikh Ahmed Dalmook Juma Al Maktoum’s Private Office has also actively pursued landmark opportunities in other countries in order to catapult Dubai and UAE’s name in the upper echelons of global technology leaders. In 2017, the Private Office entered into a partnership with Frontier Works Organization, Pakistan in order to explore, establish and develop mutually beneficial projects in water desalination, energy, power, oil and gas, infrastructure, mining, and other industries.
https://www.opensourceinvestigations.com/ghana/update-ameri-group-llc-rejects-false-and-malicious-claim-made-by-vg-of-norway/
A few idiots are suggesting the Shiekh is a dodgy individual, crazy but thats the story.
I know it's the school holidays but could we be a tad more focused on what is going on here and the future direction of travel.
What will US IPO's have any effect here today?
None.
Why would he want to buy out the company?
What benefit would a private company at a premium of several hundred % of its value weeks prior do for him?
Come on guys think logically, he wants the listing to place assets on so they can attribute real value and create a position that offers liquidity to all parties.
It is obvious the next move will be an asset moved in from the Sheikh into the company, otherwise why bother.
Arabs are very proud people, the thing they are most proud of is the family name so to use this 'brand' on MXO tells you everything you need to know.
£30m mcap hope/goodwill could be achieved here prior to an actual asset coming in.
Check out IRG a few years ago. This is a different league though
Jock I would say you have either a very naive or complete lack of understanding of how the process works.
If you are uncomfortable. Sell your shares and move on, no point stressing yourself.
Then again you likely don’t hold a single share I suspect and your post is perhaps an agenda driven one to try and create a seed of doubt in peoples minds.
Poor effort all round.
Now politely jog on please.
One of my favourite songs of all time.
https://m.youtube.com/watch?v=ntG50eXbBtc
Just my musing some potential outcomes.
Nothing more.
So with the RTO announcement you get an AD. Nothing else to put out into the public domain so the share stays trading.
On a few occasions in the distant past I have seen shells such like this not get suspended on a RTO.
How is that done?
Well you need willing parties at both ends and a lot of data completed already so the admission document is produced in a slick and timely manner.
At that point you announce the RTO followed by an EGM to vote on it.
Again only works with willing parties involved in the target and the shell.
Could it happen here? Well that’s a question.
Last time West Edmonton crude was $60 CAB was £33m mcap.
1/10 of that now.
Fair value £15m or so.....
Looks like the cash need for end of April is no longer so prominent.
https://www.bloomberg.com/news/articles/2019-04-02/wildcatters-of-the-prairies-get-big-boost-from-alberta-oil-cuts
They had been getting $20 or so a few months ago $60 now.
Different ball game hence the urgency in timescales seems to have been pushed back.
Recovery mode now I suspect and very very cheap.
In all fairness and this is not a dig at you. But the company you invested in PSL basically went bust. This is the Phoenix out of the flames and it’s wings are glowing!
Any small cash need we require. Potential open offer and no forward selling
Biggest clue ever that Antos is coming on board
Different tone entirely to the pre GM news release
Dont be silly, higher the price the better, allows more value to be given to existing equity, we are a way off that point or it may not even happen.
Do a bit of digging, the clues are not that far under the surface...
Find them use a bit of imagination and connect them together.
I am also LMFAO and this uninformed sharp pointed so to speak individual.