Member Info for optimist13

Not easy to buy in any volume . Adding more today as I expect a further re-rate as further news is released on the new clients.

Yes, very positive news out this morning. Significant developments to their core product, contract wins, plus a host of further opportunities.

Acuity taking to Twitter again this morning:

https://www.scmagazine.com/home/health-care/feds-will-weigh-whether-cyber-best-practices-were-followed-when-assessing-hipaa-fines/

Still NT to buy this morning. Have placed a limit buy order....let's see if it gets filled.

A 4m delayed buy over the ask now showing....

I think we can expect a decent re-rate if the news from Acuity is positive.

Interesting......NT to buy and being offered 0.58 to sell. MM's looking for shares IMHO.

NT to buy anything over 100k shares........news must be imminent.

We just need the promised 'very exciting news' from Acuity now to create a lot more interest here.

moving up now....+5.26%

After re-checking my figures below, decided to add a further 500k shares on the expectation that we will move beyond the last placing price when the Acuity news is released.

I have taken a small stake here, but am mindful of the illiquid investment in KCR which stands on the books at £767k, or 31.5p per shares. The current mid market price for KCR shares is 23.5p, which would equate to further book loss of £192k.

The current NAV for KCR is £12m versus a mkt cap of £6m. The latest results talk of significant improvements at the company following the investment by Torchlight at 45p per share with the expectation of being cash flow positive within the next 12 months.

Given the above, I believe Drum will be able to sell their holding, if they so wish, at close to the current SIV and utilise the funds, along with the recent placing to make further acquisitions.

I think Drumz have made a good move with Acuity Risk Management and I expect them to take up their option to acquire a further 5% of the company.

Will probably add further on any pull back in the share price prior to the 'exciting news' promised this month from Acuity.

Twitter message from last week. Sounds like positive news on the way.

Acuity Risk Mgmt
@acuityrm
Stay tuned for some very exciting news coming in January!

SPA's signed....RTO on track...excellent news

https://www.investegate.co.uk/anglo-african-agriculture-plc--aaap-/prn/progress-on-the-proposed-rto/20210104070000P14F1/

https://twitter.com/ComarcoGroup/status/1343426128329883648

Not sure how there can be price monitoring extensions on zero trades!

Worth a read:

https://www.africaoilandpower.com/2020/12/16/mozambican-gas-triggers-local-and-regional-investment-opportunities/

Extract:

"Mozambique’s gas boom began almost 10 years ago, with one of the largest natural gas discoveries in the past decade that unlocked 85 trillion cubic feet (Tcf) in the northeast part of the country. With subsequent offshore discoveries potentially reaching 180 Tcf, Mozambique has lit up as an investment hotspot on the continent. Moreover, projected gas revenues for the government – valued at $95 billion over 25 years – offer the ability to cultivate long-term economic diversification, job creation, skills development and industrial growth. As the global energy community eagerly awaits first production from the deep-water Rovuma Basin in 2022, the country is set to welcome local and international investors to take part in a prosperous future ahead."

Whilst the Port Loan has been extended until the end of this month, the SPA's will more than likely be signed well before then, meaning we could see confirmation in the next few working days.

From the RNS:

"AAA is pleased to announce that the parties reached an agreement on the commercial terms of the RTO, the definitive SPAs are being finalised and the agreements are expected to be signed shortly. AAA has therefore agreed to extend the Port Loan facility until 31 December 2020 in order to allow the finalisation and signing of the SPAs."

warnz - according to previous RNS releases, the RTO will transact at 10.00p per share, but that does not mean that a placing will be at that price.

Bearing in mind that the company is looking at securing equity funding from an international fund, then any further fundraise could be at a significant premium to the 10.00p RTO nominal transaction price.

Either way, I think the current share price represents excellent value for any PI.

Good morning Mike. I don't think many people understand the opportunity here or have taken the trouble to read the previous RNS's pertaining to the RTO.

Comarco is a long established company with a unique opportunity. It has been held back by the lack of finance to exploit the opportunities, but the listing on the Main Market will allow this to happen.

Typical.....can't buy any shares at the moment. NT for any amount. It will be interesting to see where the MM's take this as there are very few shares in free float.