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It appears to have been nipped in the bud. It's unclear at the moment how close it was geographically - if at all - to Kefi's operation.
I imagine, given the member of the BOD's biography below on Kefi's website, that the Company have a keen insight, anticipation and knowledge of Ethiopian and African politics and affairs; and have effective risk management strategies, planning for various contingencies:
Norman Ling, Non-Executive Director
Norman Ling was a member of the British diplomatic service for more than 30 years, for the last ten with the rank of ambassador. He has served in a wide range of countries in the Middle East and Africa. His last post, before retirement, was as Ambassador to Ethiopia, Djibouti and the African Union. For the last two years he has been actively involved with development of the mining industry in Ethiopia.
Sorry, just saw your question this past hour. Glad it's been answered. Worthwhile, creating a shortcut on your electronic gadget, to make it easy to visit HH's admoffice.ae website. He occasionally publishes short reports about his globetrotting, meetings etc.
A search on Google news using search terms 'Yichong, China Harbour Engineering' brings up some stories, including a tidal energy project in Swansea in 2015. And an African LNG terminal in 2018.
Just spotted a brief report on HH ADM's website. There is no mention of any connection with ADM Energy. It is a private office MOU. It doesn't elaborate on what the MOU is on.
June 18th, 2019
Beijing, People's Republic of China
The Memorandum of Understanding has been signed between His Highness Sheikh Ahmed Dalmook Al Maktoum Private Office and Lin Yichong, Chairman of China Harbour Engineering Company (CHEC), in presence of His Excellency Saleh Al Theeb Al Hemeir, Deputy Ambassador of United Arab Emirates to The People's Republic of China.
Saudi Arabia has indicated that it could proceed with the on-again, off-again float of its state-owned oil company as soon as next year. Crown Prince Mohammed Bin Salman, the gulf state's de facto ruler, said that he was preparing to take Saudi Aramco public on its domestic exchange, as well as on at least one overseas market by "early 2021", at the latest. - The Times
Very impressed by Agronomics investment in Blue Nalu. Can appreciate why they invested in it. I wonder if Agronomics stake in Blue Nalu might increase in the future?
I wonder if there are any other 'gems' and (meat free?) 'nuggets' amongst Agronomics existing investments?
Oh, the most recent full year and interim accounts (possibly containing old salary and/or performance bonus scheme) from when company under ticker PEBI, can be found below:
https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/company-news.html?fourWayKey=IM00B6QH1J21IMGBXASQ1
If memory serves me correctly I vaguely remember reading something about a small salary paid to someone (£10,000?) And a performance bonus paid in shares to the Chairman if share price reaches 10 pence during a quarter. (£150,000 in company shares?)
Try the last full year accounts and/or the last interim accounts. I think it may be deep down in the accounts, amongst the explanatory notes.
If I remember correctly, I am not sure who the performance bonus would go to, the new Chair, old Chair or both.
I'm going to have a look through the website of the investment firm Agronomics new Chairman, Richard Reed runs. Interested in knowing what he has invested in over there.
http://www.jamjarinvestments.com/
Seems that John Treacy [a Bould Opportunities Director] has joined the BOD of AIK Energy Ltd (as of 13/Jun/2019).
It's useful and informative to know what other BOD's Bould Opportunities Directors are on, but what significance it may have for Bould Opportunities - if any - remains to be seen.
Was slightly surprised though to also see 'Christopher Steele' listed on the BOD of AIK Energy Ltd. I am assuming that is THE internationally famous, transatlantic headline hitting Christopher Steele? If so, he is reportedly highly experienced and knowledgeable in Russian affairs.
Companies House website hit by mysterious glitch, causing the 'follow company' function for AIK to go offline.
Seems that John Treacy [an Abal Group Director] has joined the BOD of AIK Energy Ltd.
It's useful and informative to know what other BOD's Abal Group Directors are on, but what significance it may have for Abal Group remains to be seen.
Was slightly surprised to see 'Christopher Steele' also listed on BOD of AIK Energy Ltd. I am assuming that is the internationally famous, transatlantic headline hitting Christopher Steele?
I guess so. Companies House website hit by mysterious glitch, causing the 'follow company' function for AIK to go offline.
Richard Reed on Youtube:
https://youtu.be/eHWBwzMjHL8
https://youtu.be/U243Hu5yOUg
https://youtu.be/MRIzxKsflTM
https://youtu.be/j1H2Q0ILSZQ
https://youtu.be/Dm3JYRXqu3s
https://youtu.be/foWMmY3xSuk
Officially, the London Stock Exchange don't label or announce whether a share trade is INITIATED by someone proposing to buy or sell. I think brokers and websites appear to proclaim whether a trade is initiated by someone selling or buying simply based on how close it is to bid, or the offer price.
The system they are using there will obviously be an automated system. And it doesn't always get it right. Many people comment on bulletin boards about how they've seen their buys showing as sells, and vice versa.
It's worth remembering when focussing on whether a trade was initiated by someone buying or selling, that whatever category it falls into, there must be a corresponding trading partner doing the opposite.
I don't think shares can sell into 'thin air', so if someone is initiating a sell, someone or some entity or system - somewhere - must surely be buying?
So a 'sell' to someone, is a 'buy' to someone, some entity or some system - somewhere - who is doing the buying!
Agronomics Limited announced today (quote excerpt):
"The Subscription is conditional on the approval of resolutions to be put to the Company's shareholders at a General Meeting...to be held on 3 July 2019...Application will be made for the Subscription Shares to be admitted to trading on AIM ("Admission"), with Admission of the Subscription Shares expected to occur on or around 11 July 2019."
So, presumably any subscription shares bought in the recent fundraise CAN'T be traded until both the 'resolution approval' and 'Admission' milestones are crossed?
The recent IPO company Beyond Meat in the USA has been mentioned a number of times this week on BBC TV's morning business shows.
This could possibly be helping generate interest in UK firms (such as ANIC?) seen perhaps as offering better value, at a lower market cap, and at an earlier stage in the 'meat alternatives' journey.
Beyond Meat reached a new high earlier this week, then dropped on a report about it's valuation from a big US investment company.
Anyone selling Beyond Meat (e.g. private investors and institutions) may possibly be looking to invest elsewhere, in a similar or synergistic arena or space.
So, that said, Agronomics Limited, in my opinion has timed things pefectly with it's recent fundraise etc.
The last time the company officially announced it's cash position via an RNS announcement was 10 April 2019. This was when it was called 'Port Erin Biopharma Investments Ltd', before the recent name change to Agronomics Limited.
See below:
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/ANIC/14035167.html
You can find older RNS announcements below. London South East only show those after the name change, whereas the London Stock Exchange RNS page shows pre and post name change RNS announcements.
https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/company-news.html?fourWayKey=IM00B6QH1J21IMGBXASQ1
The company announced on 10/Apr/2019 it had "un-invested cash of £478,474" (as of 31/Mar/2019) and had investments (as of 31/Mar/2019) valued at £1,512,318.
In the RNS announcement Jim Mellon said "The Net Asset Value ("NAV") calculation for the Company as at closing on 31 March 2019 was 8.47 pence per share, including un-invested cash of £478,474."
Yeah, I do too, and I agree.
Interesting too how the protein content of food has become a big selling point for foods.
In 'Innocent Drinks' early days (and the early days of bottled fruit smoothies in general) it was the fruit content that was the main focus.
Now they add in soya to boost the protein content, and highlight them as protein drinks.
Be interesting to see how all these ethical and alternative food and drink fashions develop.
Photos and biographies of key, senior ADME people, including HH ADM:
http://www.admenergyplc.com/about.html