Member Info for optimist13

Looks like Metminco have been unable to raise the funds:

On 19 September 2018, the Company announced that it had entered into an agreement (Agreement) to
acquire Sunshine Minerals Limited, a company incorporated in the Solomon Islands, which holds an 80%
interest in a nickel laterite deposit, the Jejevo Nickel Project.
The acquisition is subject to satisfactory completion of due diligence and the Company has been progressing
its investigations since that date. While continuing to believe the project is attractive, unfortunately, the
Company has been unable to complete due diligence to its satisfaction and has given notice of its withdrawal
from the Agreement.
The Company also announces that it no longer intends to proceed with the pro rata renounceable rights issue
to raise up to approximately $2.5 million before costs that was announced on 19 September 2018. The
Company is working towards a new funding strategy, the details of which will be announced to the market
shortly.
The Company intends to seek shareholder approval to issue the Placement Options, as set out in the
announcement of 19 September 2018, at the next available opportunity.
The Company will continue with its promising gold exploration at Quinchia in Columbia, focussing on the
Chuscal project (Project), which features a large, undrilled gold geochemical anomaly over an area with
artisanal mining which has highly encouraging channel sample grades, as per the Company’s announcement
of 16 September 2016(1)
. Discussions are well advanced with AngloGold Ashanti to formalise a farm-in/joint
venture agreement over the Project. Chuscal is located within 2km of the proposed processing plant at
Miraflores.
For further enquiries contact:
Kevin Wilson
Executive Chairman
Metminco Limited
kwilson@metminco.com.au

The next two to three months could see a significant improvement in the value of our portfolio. Our investments in Human Brands, Sunshine Minerals, UKOG, plus our agreement with Fastbase could see significant appreciation, and they could all become listed investments.

Gunsynd now have the ability to release significant funds from quoted investments if they spot an opportunity and I would not want to see further funds raised at anywhere near our current share price.

Vote against resolution 6 in the forthcoming AGM.

Good morning Wuffle, I take it you are not or are no longer a shareholder.

Whatever the deal turns out to be with Comarco, I believe it is very good news for AAAP shareholders. If it's an RTO, that would probably give immediate double digit returns from the current share price. If it gives access to further investment to the Port and all of its facilities, then that is great news as well, although the share price improvement might take a little longer.

I think Comarco have at least nine different trading companies and appear to be a serious player in the markets and locations they operate from.

Patience should definitely pay here.

great find shaun86. Thanks for posting.

The BOD have made some good investments, but also some very poor ones as well. Any consolidation would lead a further reduction in value and is usually seen as a precursor to a fund raise.

I am voting against the AGM resolution to dis-apply pre-emption rights and would urge others to do the same. The BOD need to cut the over-head and the salaries they are receiving until they deliver meaningful consistent returns.

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Quite staggering to think that if the Human Brands IPO on the Main Market lists at the mkt cap that could be achieved if revenue projections remain as per the presentation, then the total value of our investment on listing, including the conversion of our loan to shares, would be circa our current mkt cap.

I wonder if that was Hamish buying shares this morning or Donald buying more at this give-away price. I make it 40m+ shares bought this morning, so let's see if we get an RNS.

Have taken a quick look at Distill(DIS) financials. They have a current mkt cap of £11m on revenues of £2m and a profit last year of £157k. Their NA's are £3m, which include intangibles of £1.5m.

What is interesting is the value to revenues and the projections given by Human Brands in their presentation. They state that public companies trade at approx 5-6 times revenue and this is true for Distil.

If Human Brands launch Copa Imperial Tequila and Shinju Whisky this year as planned, they are forecasting total revenues for 2019 of circa $8m or £6.15m. This would give an implied valuation using the industry average of circa £30m+

If the above is anywhere near correct, the fee to Gunsynd on Human Brands listing would be circa £1.2m.

Lots of ifs and buts , but great potential none the less.

For any new investors, it is worth looking at the Human Brands presentation - link attached. Also look at the website and their portfolio of products in the USA and Asia.

https://www.humanbrandsinc.com/

https://docs.wixstatic.com/ugd/cf7f2f_4c6b28cca6754f4aaf9d6741c91557cd

risk - good find. Will take a look and compare some of the financials.

Buying also on NEX:

26/10/2018 09:36 10,000,000 0.03

Yes, the more I think about it, the more I am inclined to think there will ultimately be an RTO.

The more I read about Comarco, the larger the company becomes. Whilst I can't find the date the transaction occurred, the company secured a $36m loan for the purchase of industrial machinery.

"Acting for NIC Bank Limited and I&M Bank Limited on banking facilities of US$36m to Comarco Group of Companies for the operations of the Borrower’s Group of Companies and also for asset finance for the acquisition of industrial machinery. The transaction required negotiations and agreements with the Kenya Ports Authority on the perfection of certain securities due to the nature of the Borrower’s business."

That is your opinion, and from someone who is not invested in Gunsynd, is deramping at its worst.

Not worried in the slightest. In fact very pleased with the progress at most of our Investee companies. If Fastbase list, Gunsynd receive a fee, if they don't, financially we lose nothing.

HH and DS may lose some credibility if the Fastbase IPO does not complete, but to say it will adversely affect the share price is nonsense.

If Human Brands list this year or UKOG delivers more good news, I very much doubt the share price will stay down where it is now, irrespective of what happens with Fastbase.

Buys going through as sells again..............

The strong buying continues and the sells appear to be decreasing. Perhaps Solo have finished selling, in which case we may see a sustained rise when the next news is announced.

Finally found some financial information:

Comarco Group incorporated
Update Company Profile
Location:

32/c Shwe Taung Gyar, Yangon, Yangon, Myanmar
Revenue:

$9.6 Million
Employees:

48
Industries:

Freight & Logistics Services, Transportation.
Codes:

SIC Codes: 4731
Website:

www.comarcogroup.com
Description:
The Comarco Group ("Comarco") was established in Mombasa, Kenya in 1971 before expanding its range of activities and area of operations to working throughout th...

https://www.zoominfo.com/c/comarco-group-incorporated/357501598

I think the website has been updated and a couple of new links showing on a web search:

http://www.comarcogroup.com/services/

http://www.saoga.org.za/directory/member-details/25872

Comarco was established in 1971, in Mombasa, Kenya before expanding its range of activities and area of operations throughout the entire Indian Ocean and along the Eastern Africa Seaboard.

Comarco is now the leading marine and specialised logistics contractor in the region with over forty years of experience operating its own fleet of tugs, barges, supply vessels and specialised equipment for offshore, close shore, and beach operations. This is substantially the largest fleet in this region and is operated from Comarco’s private port facility, shipyard and supply base in Mombasa.

Today, Comarco has a presence in the following countries: Kenya, Mozambique, Tanzania, South Africa, Zanzibar, Mauritius, Madagascar, Bahamas, Brazil, Myanmar, Singapore and USA.