As excitement continues to build, the share prices of UKOG and ALBA continue to rise.
We may only have a relatively small holding in HHDL, but if commercial oil flows are confirmed at anywhere near the figures being talked about, our holding is going to be worth an awful lot more than its current book value.
With AfriAg Global raising further funds to develop the medical cannabis side of the business, I feel sure AAAP is part of the long term plan in this regard.
DL had better start to deliver on his rhetoric. When you look at the mkt cap for the recent medical cannabis companies listed on NEX and the volume of trades at those companies, it is clear that his words are falling on deaf ears.....at the moment.
John, the money is clearly for a medical cannabis acquisition, but DL can't say that as it has not been formally approved by the shareholders.
At the AGM we asked about the financial position and it was not an issue as far as the existing businesses were concerned. Indeed if you look at the cash position of the company at the year end and the cash flow statement, the company is adequately funded.
Clearly I am very disappointed that funds have been raised at such a low price, but if/when a medical cannabis related acquisition is announced, we will hopefully see a serious re-rate of the share price.
Another decent buy should see both the the bid and offer moving up again. I wonder if the company would have to make a statement if the share price increases over 20%. Not sure what the rules are in this regard.