Member Info for optimist13

It is slowly but surely coming together:
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/AAAP/14140896.html

David Lenigas
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@DavidLenigas
53m53 minutes ago
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I see tremendous potential for Apollon’s medically trialed Apollon CANCERT(APMT) for the potentialnof cancer treatment - High Times Cannabis Cup 1st Place Winner. @AfriAgPLC This is why I’m working hard on this deal. Dr Barnhill is a highly credentialed medical expert.

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David Lenigas
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@DavidLenigas
55m55 minutes ago
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AfriAg commits to second phase of investment in major medical cannabis deal in Jamaica. https://www.investegate.co.uk/afriag-global-plc/afri/afriag-commits-to-second-phase-of-investment/20190620093642P000C/?fe=1&utm_source=FE%20Investegate%20Alerts&utm_medium=Email&utm_content=Announcement%20Alert%20Mail&utm_campaign=AfriAg%20Global%20Plc%20Alert …

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https://investegate.co.uk/afriag-global-plc--afri-/prn/afriag-commits-to-second-phase-of-investment/20190620093642P000C/

Extract:

AfriAg Global Plc

("AfriAg Global" or the "Company")

AfriAg commits to second phase of investment in to Apollon Formularies Ltd

AfriAg Global PLC, a company whose shares are admitted to trading on London’s NEX Exchange (Ticker: AFRI) advises that following shareholder approvals of the resolutions put to the Company’s shareholders yesterday, that it will be now proceeding to close the conditional placing of £700,000 as announced on 24 May 2019 and now plans to move towards its stated intention of increasing its investment in to Apollon Formularies Ltd (“AFL” or “Investee”) to 2.34%.

As previously announced, this second stage of investment in to AFL is a key step towards offering a full share-based offer for all outstanding shares in Apollon Formularies Ltd. Further investments in Apollon Formularies Ltd will subject to shareholder and regulatory approvals.

AfriAg Global Plc

("AfriAg Global" or the "Company")

Result of General Meeting

AfriAg Global Plc (NEX: AFRI) announces that at the General Meeting held today, all resolutions proposed were duly passed by shareholders.

Following the Placing for 700 million ordinary shares at 0.1 pence each, there will be 2,761,001,037 Ordinary Shares in issue.

Application will be made for the 700 million Placing Shares to be admitted to trading on the NEX Exchange Growth Market and it is anticipated that admission will occur on approximately 25 June 2019.

The directors of the Company accept responsibility for the contents of this announcement.

https://investegate.co.uk/afriag-global-plc--afri-/prn/result-of-general-meeting/20190619142019P007F/

No doubt the meeting will now have concluded to approve the issue of further shares. Expect to see an RNS later today.

MM's trying very hard to walk the price down, despite the buys outweighing the sells.

Added a few more this morning.

Deepsurvey1 - I don't think you have interpreted the RNS correctly. Comarco will be issued with $30m of shares, but that does not constitute the total share holding. Also, the Comarco net assets have been valued at $36m, so the 0.5p per share is merely the transaction price and in my view, does not indicate the value of the combined businesses when the RTO completes.

A lot more information to be digested before we get a clear indication of the true value here, but as shown in my posts this morning, plenty of opportunities available for the new Company , especially if they have access to funds.

I think this newly formed Main Market company will do very well in the months ahead.

Andrew Monk
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@AmonkMonkey
18m18 minutes ago
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Replying to @Optimist13 @ComarcoGroup @DavidLenigas
Cant give a specific reply but the LNG project is $20bn - just 0.1% of that to the port is massive and they have to bring in equipment either through Mombasa or Richards Bay

David Lenigas
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@DavidLenigas
8m8 minutes ago
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My focus will now be dedicated to medical cannabis and the work that is going on with Apollon https://docsplaceinternational.com and the incredible work they are doing with respect to real clinical trials relating to cancer. Their successes have been incredible. @AfriAgPLC

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Extract:

“At $20 billion, today’s FID is the largest sanction ever in sub-Saharan Africa oil and gas,” added Jon Lawrence, an analyst with Wood Mackenzie’s sub-Saharan Africa upstream team.

The project is also expected to be transformational for Mozambique, one of the poorest nations on earth beset by economic crisis, conflict stemming from a civil war and serious governance malaise, whose annual gross domestic product is just $13 billion.

The government of Mozambique said the project is expected to create more than 5,000 direct jobs and 45,000 indirect jobs.

With a 12.88 million tonne per year (mtpa) capacity, Mozambique LNG is one of the largest greenfield LNG facilities to have ever been approved. It involves building infrastructure to extract gas from a field offshore northern Mozambique, pump it onshore and liquefy it, ready for further export by LNG tankers.

On the African east coast, the liquefaction plant will be able to sell LNG to both the lucrative Asian market, home to 75%of global LNG demand, and to the flexible European market, which helps balance global LNG trade by soaking up excess supply.

https://www.reuters.com/article/us-mozambique-anadarko-lng/anadarko-approves-20-billion-lng-export-project-in-mozambique-idUSKCN1TJ2DI?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29

Mozambique LNG project approved. We now just need confirmation on the size of the contract being awarded to Comarco:
Comarco Group
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@ComarcoGroup
12h12 hours ago
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LONDON (Reuters) - U.S. energy firm Anadarko Petroleum Corp gave the go-ahead on Tuesday for the construction of a $20 billion gas liquefaction and export terminal in Mozambique, the largest single LNG project approved in Africa ...

Good to see the real spread in now much tighter. Buy 0.384p v sell at 0.352p.

Buys going through as sells again today.

https://internationalfinance.com/london-listed-anglo-african-buy-kenya-oil-logistics-firm-sh3-6-bn/

Extract:
AAA said, “We have further been encouraged by the recent oil and gas transactional activity in the region and the ongoing liquefied natural gas-focused work in Mozambique, all of which bode well for Comarco Group’s marine logistics focused business.”

Besides Kenya, Comarco is also operating in Tanzania, Somalia, Mozambique, South Africa, Comoros, Reunion Island, and Mauritius.

OnTheDip - can't say I blame you or John for selling but am still of the opinion that there is value in the existing AfriAg investments and anticipating some sort of positive movement in the share price once the plans become clearer.

The GM is tomorrow, so I will await DL's comments once approval is authorised to allot further shares to enable the RTO.

Comarco Group
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@ComarcoGroup
May 10
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Comarco has been involved in oil and gas projects in Mozambique for more than 30 years and is well set to utilise its marine equipment, beach landing expertise and regional experience to take part in this logistically challenging project.

Comarco may well receive a significant contract next week:

https://clubofmozambique.com/news/mozambique-lng-and-the-government-of-mozambique-expect-to-make-major-announcement-on-june-18-anadarko/

My goodness....another buy. that makes 4 trades today. Need to go and lay down.

13/06/2019 14:53 5,000,000 0.105

I wonder how long we will have to wait to receive news on further contracts. From the recent news release:

"Over the last five years the Group has operated extensively along the Eastern African seaboard: Kenya, Mozambique, Somalia, Comoros, Reunion Island, Mauritius, South Africa, Tanzania and Zanzibar. The Group is bidding on additional work in Namibia, Madagascar and Seychelles."

I would imagine wants the RTO takes place and we have a new name, there will be considerably more interest here.

What the share price will be wants it all goes through is anyone's guess, but it will hopefully be a lot higher than it is currently.....I hope!