Member Info for Pacman121

All we need now is an RNS to say interested parties are back at the table. Remember they pulled out due to no permits.

19p = £18m Market Cap for a company 5th in size in it's sector generating £55m in revenue with £17m profits pa, £8m cash and a £20million debt facility from one of the largest banks in the world (they probably looked into the over pricing thing you mention) and that saw revenue growth of 105.6% in 2018 with an SP that has never dropped below £1 since shortly after it floated, and one that has averaged c£1.30 for the last 31/2 years with a MC peaking at c£190 million? 19p? Really......

Today didn't look like institutional selling. More like PI's in a panic with heard mentality causing a snowball effect. Every sell today was at a loss - ALL OF THEM. The institutions, likely close to being out, probably pumped the sell brakes a bit today although a block buyer of some description was around.

Pretty sure the idea of over pricing would have been spotted over that period....

Hopefully some of the selling today was institutional so we can get them clear. Retail seem to be buying looking at the prints.

Massively undervalued based on Ebitda (£17mil), cash and revenues £55m. £29m MC is not justifiable. Look for a company with those numbers and that MC, bet you won't come close.

Retail definitely got spooked and are all selling at losses at this level. Will bounce when TR1's land.

omg.

Yes 2 sellers.
No profit warning.
Please read last RNS

1. II's have to stick to certain investment criteria; minimum market cap etc.
2. Just because there is still some stock to be sold off (assuming the institutions are clearing it all) doesn't mean the price will go down. II's will agree a price with the MM's - they can't just give it away otherwise they'd go bust. Normally it goes down a bit as the last few are sold off to speed up and finalise the transaction. However given TR1's are reported days after thresholds have been crossed (and there is no way to check when the actually occurs) you will only get that trade by sheer luck (nice when that happens).
3. Trading range has been 35-39 for a few sessions, suggests this is the sale price. Traders will of course be in and out and will close positions as they see the seller drying up.
4. The fundamentals here as have been mentioned a few times are extremely strong. Huge revenues, strong profits, strong year on year growth since floating in 2015, board in line with shareholders and most importantly of all actually talking and responding to share holders, market cap of someone near £180 million last year and around £130million since the drop from £1.30ish. I think the MC is actually less now then when it floated with very little of what it has now.

Bottom line is the £33million MC just isn't reflective of the assets, growth and cash in the bank, not to mention a £20million fund from HSBC who conduct some of the best due diligence in the business, and the market will hopefully reflect this once the II's are clear.

From the interview.

'Permitting for a gas plant next to the Petisovci gas field, a later phase of development, has been considerably delayed and ARSO, the Slovenian Environmental Agency have asked for further amendments. 'Our response will be delivered in early September and we hope to have the permit in place by the end of September'.

People are getting confused with what's happening in September. Cross reference the RNS's with the interview and all we can expect for now are general updates. ARSO have implied permits will be issued end of September, given how slow they've been they may have allowed a little extra time on this occasion so may issue earlier if everything is signed off. This is however a big deal for Slovenia and the biggest investment from the UK. They are obviously understaffed but still need to ensure everything is completed properly.

From here focus should be tactfully contacting ARSO to see if they are on track etc. and reminding them they are frustrating a lot of people. Some sharholders got in touch at the beginning of August which really turned some wheels and got movement from both AST and ARSO. Important to note that ARSO are actually quite accommodating.

ARSO's email: stik@arso.gov.si

First question should probably be did AST submit the final information last week and how long will you take to Act upon it?

A there's a rush of sideline buyers. Buy is now already in auction which is strange given how many they've jut picked up. Make of it what you will but seems to me they are definitely keeping a few plus its been 4 v 1 for ages.

At this level? Yesterday and Friday's sessions.

MM's are accumulation an absolute ton of shares. Sellers seem to be drying up at this level. Buyers waiting on the sidelines.

clearing fast. Might be an opportunity to get in closer to the placing price as the mm's drop the ask to clear the last few shares. Keep an eye on the volume. Placees have already netted c20%. Not bad on a £5mil investment. If sub 1p comes in that would be quite a reduction in risk for new entries. Proper devious with this placing tho.

Some very sizeable buy trades going through despite the wave of sellers bringing this down from c1.8p. Get the feeling a deals being done.

The GM is really positive. There is obviously overwhelming shareholder support so Trew and Bellingham are likely to go. Bellingham was a total waste of time and a complete waste of money to have been on the payroll for so long. Should have bought him in as a consultant if nothing else, and just paid him if/when he actually contributed something. The new board are likely to seal a deal with the General and everyone will benefit. SP is now at an annual low so a relatively safe time to buy as sellers would have likely dried up at these levels.

Once the agreement is signed off and PFP regain control of their licences there will be a material impact on the SP as the value of the licences (c£80million) will then be reflected in the SP - which currently it isn't as the company and stock are in limbo and valued at only c£2.5million. This story has been going on for around 4 years that I know of. Moz courts are corrupt/naive , General is a little nuts. This is the first time a back channel deal has been in progress. Nick said the discussions were progressing well, does seem to be taking a while but like I say the General is functioning with limited intelligence. The UK Supreme court has already overruled the Moz court ages ago, but the Moz court are biased and corrupt. This has not been a good example of supporting UK companies investing in Africa and it's people. A big reason why the country is still on its ass. To sum up, regardless of how many shares are issued there will be a very material impact to the SP. If the General is paid off in stock then he will benefit from it massively as it will likely be worth a lot more than when issued as a result of said material impact on the SP. If a clause is put in for him to hold his stock - and I doubt he would agree to that, then the stock price should do extremely well while the ink is still wet. Question is when. But is is surely a lot closer than it has been and until we have an RNS stating the General has rejected the offer then it is still progressing and likely to be agreed. In the RNS Nick said it is progressing well, he is unlikely to have said that based on the manor of language used in the passed, i.e. not rampy.

It's relatively easy to start a rumour in any AIM stock. Do it in one they hold a position in and watch the defences come out..... In any case the market doesn't seem to be reacting to it here, and the block buyer is still present :)

lol, I found something shiny the other day - should probably get it valued!

did someone trip over another £54mil diamond, bang their head, get confused and put it in the box with the padlock rather than down their pants? Are we about to 35 bag? Are the thieves that hold stock sudden going to realise the value of their stock and become substantially wealthy and further realise they company would have been worth a lot more if they had done the same 2 years ago? Oh...... no.......

So once they get their **** together, their story and direction aligned, and get funding they may be able to convince a new NOMAD to take them on which means they will be able to relist. The last one resigned, ultimately due to the change of direction,and another could not be appointed, which meant AAI could not keep its AIM listing (you must have a NOMAD on AIM). Worth noting that although this did get very messy very quickly, particularly with the tax man taking over £2mil out of their bank account to serve a debt not due by AAI (typical African short sight and frankly ignorant stupidity), Atlas did turnover £20mil in the oil sector with one of it's clients being Tullow Oil. Bad luck and a turn in oil price really stuck it to them. I'm not sure I bu into the whole bottle plant plan as a plan B. But they do have contacts and if this guy we're paying to drive the gambling business meets his targets then it might stand a chance. Hopefully they will start with a share consolidation. Very tempted to buy stock in the placing depending on who buys and how much of it will be sticky money.

http://www.atlassupport.com/documents/AtlasAfricanIndustriesLimitedCircularWEB15.12.16.pdf Should be able to get relisted once finance and direction is in place. Africa really do themselves no justice screwing over UK companies like this, particularly when their judicial systems ignore the truth and ruling of the high court. Gambling is big business wherever it happens. Again in Africa we have to worry about the regulation and honesty. Time after time this country and its leaders let themselves down. Any thoughts on getting a new nomad?