Member Info for Pacman121

Which brokers have people transferred their stock to?

http://www.atlassupport.com/documents/242777AtlasletterWeb.pdf

Will need to conduct due diligence. Will probably do AAI the world of good to get a new one. Agree tho, will be interesting to see the reason for the resignation as all they really do is sit there taking payments.... bit like a letting agent.

don't do themselves any favours stealing from companies looking to bring jobs and revenue into their cities. Still very much a sad and backward existence. Real shame they don't see the development and opportunity a factory would bring to the region. Carl and the PR team St Brides are equally shocking tho. Good recovery play here if they get the money back. PFP did a 500% rise when they looked to be getting a due legal response from the Mozambique court - turns out despite getting the Judgement in their favour Africa said....... No.

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Some significant trades going through......

You could try contacting their PR company St Brides for info. However it's clear looking at social media and chat sites that they are not well regarded so I'm not sure how fruitful this would be....

tbh I don't think they do. Discouraging foreign investment is ludicrous - its not really in an economic position to be throwing its weight around. So many examples of company's falling into legal situations for the wrong reasonsm they are generations away from progress imo.

*c1million

c m I think, but I haven't been keeping watch as its dull here. That said the ERCA (Ethiopian revenue and customs authority) along with other backward African regulation systems are renowned for pulling stunts like this. In the UK the tax man can do similar - but if a mistake is made they pay it back, and are quick to do so. The problem with Africa is that they don't really know what they are doing and are stupidly stubborn and fairly ignorant. I looked into this last week and there does not appear to be a valid reason for the ERCA to have taken the cash. Now, either they will dig in like the thieves they are, and given they seldom pay attention to any kind of judicial systems, turn it into a legal battle - or they will soon accept their mistake and pay back what is owed, along with the required interest and costs incurred by Atlas and any shareholders who decide to put a claim in for the decline in share price resulting from their actions. If the money is returned swiftly then the SP will bounce hard. No one likes a legal stand off, but there can be a massive upside - just look at the multiple spikes in PFP and others. Atlas have just secured a 45year land lease and works for now are, I believe, funded for now. If you read the feasibility study for the bottling plant this will do quite well so wouldn't say its doomed either way. Also they didn't have a problem raising funds. Also the Directors finally put some of their own money in her recently. Might be worth contacting the ERCA directly and demanding their reasoning for this action. That said Atlas are soooooo slow with their comms to shareholders that this is prob all out of date already!!! St Brides (PR) don't really do much either.

lol, yep. Probably just trying to get their attention lol. Bet it doesn't work.

You could always contact the BOD, no.... wait...... they don't take calls or respond to email....

of backward corrupted African laws acting with bias and reckless stupidity. The Supreme Court needs to be involved and ultimately the judicial systems need overhauling as there really are stubbornly dumb. Africa as a collective really don't do themselves and long term good or favours by allowing this to happen to investments. On the flip side, when AAI recover these costs, it may bode very well to jump start the sp.

You would have thought so.

was mentioned quite a few times in today's RNS. If the BOD could be arsed replying I might have sent them a question.

seem to be working hard here, and more importantly are learning to keep investors updated regularly. They have certainly identified a market and are moving fast to secure it.

£3750 sells £4000 buys = -11.76% = Good math.

Potash is one big thing coming, the other is the contracts that should come from the JV with Orchid. This really is a well established play.

Buys and sells were all at 0.60p yesterday. Drop was heavy on little volume today. It won't stay down.

The Nairobi is based in Kenya so with Atlas dropping it's local activities there the stock is bound to be adversely affected. With that said if you convert the currency of the KES being traded into £ note value you'll see the cash amounts are negligible. Interesting lack of price action today. Can never work that one out. But here's how I'm seeing it at the moment: Clean slate. Bottle contract to look forward to. JV with Orchid to bring in contracts with local companies. Potash deal/s in Ethiopia. Cash in the bank. Running at break even after successfully diversifying- not making profit but not leaking cash either $15million pa in revenues Atlas are in position and ready to proposition profitable contracts. They got Tullow Oil before when the MC was c£20million. If they can secure something similar in size then we are looking at multiples of the current SP. If they get some small fish then we are still looking at a healthy improvement. Can't see why contracts won't land given the experience and what the board have achieved in the past.