Member Info for optimist13

Crane now on site at Horse Hill........

https://twitter.com/search?f=tweets&vertical=default&q=%23horsehill&src=typd

27% growth rate is excellent, but of course it all depends on how much of that growth is turned into revenues.

Not sure how long it will take for the first half year figures to be audited, so I guess we are now in a wait and see mode as far as Fastbase is concerned.

Meanwhile, plenty of action imminent with our portfolio holdings, so we should be hearing further news quite soon.

Buys going through as sells again I see.......

Don't follow.....AfriAg Global and AAAP have already announced their year end results. The only results due are AAAP's interim results.

Anglo African Agriculture plc (LSE: AAAP), the London Main board listed food manufacturing and trading company, announces that on 2 August 2017 Andrew Monk, a Non-Executive Director of the Company, purchased 10,126,761 ordinary shares of 0.1 pence each in the Company (the “Ordinary Shares”) at 0.725 pence per share.

Reminder: "Share Price Movement The Board of AAA note the recent share price fall and believe there is no reason in terms of the underlying business for this fall. Dynamic Intertrade, the main trading operation of AAA, is trading in line with the expectations of the Board. Dynamic has recently enhanced the sales team and is pleased to report new sales of ZAR14.8 million (approximately £900,000) in addition to normal turnover over the next six months. The Board continues to look for acquisitions, which may add significant value to the Company. The Board are hopeful to be able to announce progress in this regard in due course." investegate.co.uk/anglo-african-ag-plc--aaap-/prn/statement-re-share-price-movement/20180504070000P875C/

To add to my previous post, 34.17% of the shares are held by directors, and I think they are all at higher or much higher levels than the current share price.

I don't think there are that many shares in free-float, so it moves up on limited buying. There was buying on NEX Exchange on Monday, followed by buys on the main exchange yesterday and today. We really shouldn't be down at this level and with the strong possibility of a merger/acquisition imminent, plus the interim report next month, hopefully we will get back to a sensible valuation.

oldandtired - I agree, but I would hate to be accused of ramping...lol. The fact is, once commercial viability of Horse Hill is confirmed, our £507k investment is going to be worth a whole lot more. With a current mkt cap of £1.8m (at the bid price of 0.037p) sooner or later common sense will prevail. Our NAV including the Horse Hill investment at cost stands at £3.1m.

And not forgetting, we still hold 5m shares in ALBA.

You never know, our two laggard investments, namely BTHL and HHDL could prove to be very successful. Just a pity it has taken so long for them to start delivering.

mufcm, I'd rather you didn't if you don't mind. I have based my figure on a collection of views from various posters on different sites and do not have the detailed knowledge of the industry to know whether they are correct or not. I am only trying to establish what our investment could be worth should Horse Hill deliver commercial success.

There appears to be a huge amount of interest concerning Horse Hill and the potential revenues and profits for the various stake holders. Interestingly, there is very little mention on Gunsynd, probably because we have a relatively small stake. Ignoring some of the fanciful figures that are being projected, it does appear that Gunsynd could be looking at a profit share of circa £200k per annum. If the Horse Hill site is found to be commercially viable, I reckon our stake would be worth in the region of £2m, based on the above figures.

That is good to hear. However, I am sure the derampers will find plenty of negatives whatever the update says...lol

Sj100 - thanks for the update

Interesting article from Share Talk: http://www.share-talk.com/share-news/what-didnt-happen-at-horse-hill/

Morning Kenny, I think it was you who pointed out last week that it is also the Doriemus AGM on the same day. Just double checked, and the AfriAg Global AGM is one hour after the Doriemus AGM, so I think it is safe to say that DL will be there. No answer to my queries yet, but they are logged and will be raised and answered at the meeting.

Decent write up on Horse Hill potential from Dorieumus: http://www.doriemus.co.uk/wp-content/uploads/2018/06/DOR-EWT-approval-Final.pdf

If Rasmus sticks to his timelines, there will be an investor letter this weekend.... Will be back on Tuesday and trust there will have been positive news from Fastbase to go alongside the very positive news from HHDL this week. Have a good weekend folks...

I have been going through the Gunsynd accounts for confirmation of the current value of our investment in HHDL and whilst it is still valued at the original figure, being £425k, I also see we have given a loan to HHDL for £82k. However, I cannot find any reference to it in any of the RNS's. So, out total investment at cost is £507k, plus the accrual of interest on the loan. "Terms and conditions of transactions with related parties Outstanding balances that relate to trading balances are unsecured, interest free and settlement occurs in cash. There have been no guarantees provided or received for any related party receivables or payables. The Company only has the outstanding amounts due from HHDL as at 31 July 2017. The loan outstanding is included within trade and other receivables, Note 12. The loan to HHDL has been made in accordance with the terms of the investment agreement whereby it accrues interest daily at the Bank of England base rate and is repayable out of future cashflows." My reason for reviewing the accounts was to try and ascertain whether Gunsynd will be required to fund any of the development costs at Horse Hill, but it appears not. I can only see very positive upside on our investment in HHDL and if the 'Gatwick Gusher' flows as strongly as some have suggested, then our investment is going to grow very nicely.