Member Info for optimist13

Can't see much happening until the GM on the 2nd December. Once this is approved, I expect to see a significant increase in interest as the full implications of the increase in production are realised.

A little bit of patience should yield significant rewards.

hereandnow....some people have longer memories. LTH's here have been well and truly taken for a ride by Hamish and Donald. Yes, things have changed more recently with Peter coming on board and I have no doubt the share price will improve on the back of the recent deals.

I have voted against the dis-application but support the raising. it won't make any difference I am sure, but worth sending the message.

Tell me, have you taken part in the placing?

Thanks Kenny.....hopefully this is the start of some PR for the RTO

Looks like the MM's are filling an order.....bid price holding up well.

Added a few more today.....IMHO, anything below 10.00p is a gift. But once the RTO completes, expect to see a serious re-rating here.

That's great, I have also spoken to Andrew, Rob Scott and tweeted Comarco ......

I can see plenty of contracts heading the way of Comarco once they have additional funds to exploit them. As the leading marine and specialist contractor on the entire eastern African Seaboard and interior, they should do very well from the Mozambique LNG project.

Thanks for the reply Mike. Yes, I am surprised that anyone is selling in the current range given the future prospects, but people appear to hold shorter and shorter time frames and expect instant rewards.

We just need Comarco to raise the profile of the business as this RTO is very much under the radar at the moment, especially given that we are a Main Market listed company.

Fawaz....that looks like a sell from the day before. I wondered where the MM's found the shares from. The company raised £97k in July that carried warrants at 5.00p. Looks to me that one of the placees has sold. I think there are very few shares in free float hence the rise on relatively small volume.

Rayofhope....Agulhas is a rocky headland in Western Cape, South Africa, so I am sure it is well known if you live in that part of the world.

Yes, a bit more patience and I am sure we will all be well rewarded when the combined companies start to rapidly expand the business once they have adequate funding.

In the recent trading update the company confirmed that they are now operating at monthly break even and had trade debtors in excess of £800k. They also expected to return to a positive cash balance from Feb 2021, and this was before the recent cash injection.

With the sales pipeline rebuilt now to pre-Covid-19 levels, there is every chance the company can now rebuild trust and hopefully the share price appreciation will continue.

Just been reading through my notes and past RNS's concerning the RTO. AAAP now appear to be in a stronger position than before, in that they have secured a 6.3% interest in the new Agulhas Group, whereas before they advised their holding would be less than 5%.

The debt funding is higher at $13m and the equity investment is lower at $4.5m. It also appears that AAAP securing additional funding for the RTO is not a pre-requisite for the completion of the transaction.

It will all become a lot clearer as information is released, but it does tie in with what Mike Joseph, the largest shareholder, has stated on this board. Namely that the delay to the RTO would/could result in AAAP achieving a better outcome.

A bit of interest here this morning. Share price moving up nicely. Should be a lot higher given that funding has been secured with a 10.00p conversion price.

The last significant placing was undertaken back in Sept 2018 at a price of 10.00p(using post consolidation values) and according to information released by the company, the RTO will transact at 10.00p per share.

There are no cheap shares or warrants/options available for anyone to cash in so I can see a clear run up as the details and date of the RTO emerge.

Can buy at 7.4p at the moment, so with the large spread, will show as a sell.

Has been very much under the radar for a considerable time. The RTO will propel Comarco - new name Agulhas Group onto the Main Market, and with additional funding will allow it to take advantage of the numerous opportunities available to it.

Comarco owns the largest fleet of tugs, AHTS's, OSVs and Utility Vessels in East and Southern Africa. And having its own port in Mombasa is primed to expand rapidly.

Expect to see a lot more interest as the company ramp up the PR now that equity and debt funding have been secured.

Hi Kenny, looking very positive. People need to read the RNS thoroughly and realise the benefits to Comarco from the Mozambique LNG project to understand the opportunities that will flow to the company.

Decent buying on Aquis Exchange as well at the close.

Just added a few more....

With Canccord Genuity and Amati now completely sold I do not foresee further downward pressure on the share price following the capital injection.

Let's see what the next few months bring.

Thanks westie....tomorrow could be a good day

cossy....what price did they pay for them?