Certainly not a muppet as been in this share game for a long, long time. He has got connections to this share, he has got many followers, and he has made several decent recommendations over the years. He's also much more honest than most and openly states about 75% of people or more lose money investing in Aim minnows.
So, muppet, No
Correct on that latest cash statement of $4.5m 31st March. Otherwise, reckon they've cut their costs down to a minimum and with a considerable 76% increase in their interest in the Mako gas field announced recently, the company looks very undervalued.
Whether it all comes to nought or becomes a great investment at this level, we shall have to wait and see
Perhaps James M is getting shot of his 9.6m shares he left with and once Doc H thought they were 'a good punt' around 11:15 am many others did too.
However, if I'm right about JM, he should be virtually finished and sp could rise
Thanks for those bits of info. Can't be bothered investigating too much but strikes me it all seems pretty normal for Africa and perhaps Togo.
'bigjonny' - nice thoughts but incorrect imo. We only have one project and we CANNOT go ahead now even if there was no Covid interruption, we haven't got the 'ancillary documentation' we need.
Yeah, I have seen that we are giving away 10% on award of the Exploitation permit (and therefore haven't just yet). I was assuming this was standard practice in Togo like it is in Morocco, say, where it's 25% state ownership. Who owns the other 15% 'cause we're at 85% presently? If that is the govt, it makes some sense, they would then be increasing from 15% to 25% just before production. Are they on Free Carry or were they?
The company has not really discussed this as far as I can see and it's always in the very small print on the Presentations. Was this gift not Togolese law but, indeed, a very large brown envelope?
Waiting for the 'ancillary documentation' i.e
ancillary :
adjective
providing necessary support to the primary activities or operation of an organization, system, etc.
"ancillary staff"
noun
a person whose work provides necessary support to the primary activities of an organization, system, etc.
So, just some pen pushers need to give us the documentation when the main business has already been done.
Could be any day still as we're now in the new Quarter and the re-elected President should be getting down to business soon if the virus doesn't take hold. I've thought for so long getting us moving is the only way to monetise this business for the Togolese government so why have they delayed so many years? Maybe we need a big brown envelope
Anyway, topped up today all the shares I sold on that fateful Wednesday Nov 20th thinking I had gone past qualification for Calidus. Got plenty of shares in both companies and the grant of the license should see us well over the recent placing price of 0.15p for starters.
Lot of Ducati riders here, nice, but don't mention Vialogy please, makes me feel old
LSE the same for all Aim stocks late yesterday, reverted to February !
Very clever writing and a load of crap predictions for the future - hopefully not all going to come true.
As for 'investor' Andrew Dennan he is a young Finance Officer who has shown he is a strong speaker, has a great personality and has been nothing but communicative and honest in all his dealings at CORO. He gave up a well paid job in investment banking to take a pay cut when joining CORO as CFO at the age of 32. He has handled himself very well at CORO standing in for the first CEO Sara Edmundsen and oft a good deputy for her replacement James Menzies. CORO has basically been mothballed for a while through the virus effect and that was enough to see James Menzies depart and Andrew has stuck with it moving temporarily to a much lower paid non-exec position.
He has staked a fair bit here with his 4.73% share - good to get him on board, an honest straightforward genuine individual.
Thanks, I was in Redt ages ago, may have a look at this
Consolidation for 5000% rise is pretty easy to understand to around 50p.
How come it opens around 40p today? I gather it's not just a simple re-naming of REDT. Merger with Avalon and drop from 50p odd to 40p odd on opening ???
The BoD have had no success doing anything for this company, except winning their leadership battle in January, in about 3 years. They surely weren’t so stupid to think they could re-build this company from the depths they had taken it too by January. Presumably they did think that way or why would they have given their loans for a few months? But looks as if they’ve realised it’s game over now.
Not sure whether going private will happen, funding won’t. If they manage to go private before administration will current shareholders ever get anything from it? I doubt it
They’ll need to issue a Holdings Rns anyway going from 3.82% down to zero
Thanks for that heads up on that 33,333,334 Sale - if it ain't good enough for Chelverton, it ain't good enough for me
Where are you reading that 33m was Chelverton's exact holding?
On our website Riverfort (closely linked to Chelverton) had 6.9% which equates to 60m
Yep, been reading the RNS's back for about 9 months and not happy reading in the past. Before suspension because of accounting discrepancies and then Wincanton failed offer it was 80p or more.
Besides obvious increase in trucking business of late, what do we think could be disclosed? Did all the accounting woes bring this down from 80p to 10p?
Welcome back - the whole world has changed but we’re just mulling along, making good progress, very apprpriate mgmt team well experienced to the general area we’re in. Results in April, funding needed but very unlikely any placing.
Looking good and reckon you’re lucky with your new entry price
Great news for shareholders. We all know Italy moves at a snail's pace but looks like our's has just quickened up.
Any out-of-court settlement will speed this up by years