Member Info for TalygarnTom

https://twitter.com/hjesanderson/status/1040639869209460736?s=21

You have to remember that Chris Fraser is very highly regarded by our antipodean friends for the work he did in successfully financing and delivering the Fortescue iron ore project in 2008.

Of course this is just a chart but they clearly show the points at which there is a consensus in the market. You have to consider that they are based on the data of thousands of unrelated transactions. Any company large or small will be affected by significant news items but even then there will be consensus on when the shares are considered undersold or oversold.

Liberum has taken account of that in the latest broker report and amended the mid-term target price from 60p to 50p and the NPV to a conservative estimate of 75p - 100p p/s.This takes into account any possible equity raise.

1. Trading within the normal rising channel (a positive sign)
2. Every time previously it has traded below the 50 DMA (red line) it has risen above it
3. Currently trading above a rising 200 DMA - (a positive sign)

https://1drv.ms/u/s!ApfJej54wSbFhrVniuXt4iryDaxdsA

All looks perfectly normal.

https://uk.webfg.com/news/broker-recommendations/iqe-supported-by-apple-facial-recognition-canaccord-sees-more-to-come--3485120.html

I've just re-read the latest broker note from Liberum and the economics here are still compelling. They seem to think that the next couple of announcements should see the offtake agreements comfortably surpass what is required by the end of October and they also believe that the 1.5Bn committed thus far should be sufficient for the UK gov. to agree the IPA provided that they can provide a clear sight of the remainder of the finance. They see the de-risking of the MTS as a positive. That only leaves the funding of the additional capital and they have listed four options two of which will require further equity and two that won't. In a conservative scenario based on new equity being raised they still have an NPV of between 75p and 100p.

They have gone from 42.3m shares in 2012 to 217.8m today. That's a CAGR of close to 35%. Make your own mind up on that one.

Putney - I completely understand your frustration here but I would question the conclusions that your are drawing.Yes, the company have made mistakes, yes, they communicate terribly at times but I don't think that you can pin the blame on one individual. What has happened is that they have gone into an e-commerce market in India that is very different to the one in the UK, where basically if you spend enough on marketing you can pretty much guarantee that you will be able to sell a reasonable amount of goods on sensible margins. They have entered an e-commerce market that is developing rapidly but dominated by very large players all fighting each other very aggressively for market share because they know that the organic growth of that market for the next 10-15 years is going to be very strong.

However, IMO that has created a very unique opportunity in that Koovs have an established e-commerce platform that cannot be replicated overnight, a founder who has invested heavily and a leading fashion retailer who needs both a platform and the relevant e-commerce skills.

That said, they now have to start delivering in every aspect of the business. No excuses from here.

At the moment the key competitor for me is Jabong. They have to start matching Jabong's rate of growth. Looking at social media they seem to be doing a decent job so provided they can convert that activity in to orders I would expect to see a significant improvement. If Biyani and Future Group are truly committed to Koovs and use all the tools at their disposal, like Future Pay/retail stores etc, there is every possibility that could they get this business back to the IPO level.

I don't think that they have specified. It looks to be work in progress at this point. What they have said is that they have $1.5Bn committed and that "Following the lenders' review of the final procurement contracts, the Company and its lenders will assess the required contingency levels and determine the overall capital funding requirement of the Project. The Company then expects to present a revised financing plan to lenders in Q4 2018 which will incorporate the revised capital funding requirement." Notably, it goes on to say "It is intended that all sources of incoming capital (senior debt and other) will be raised conditional on the basis that the Project has a complete financing package." This is due to be completed by the end of Q4 and signed off in Q1 next year.

https://onedrive.live.com/?authkey=%21APogcRofu01JP9w&cid=C526C1783E7AC997&id=C526C1783E7AC997%21105190&parId=root&o=OneUp

BIGBangs - I honestly don't know what your are talking about. I hold shares in Acacia and I don't have a short position so stop spouting nonsense. You're clearly well under water here your desperation is clouding your judgement. I would be very happy for Acacia to consider buying back their shares but we all know that the chances of that happening whilst the dispute is unresolved is absolutely zero. The only way this share price is going north is for a full resolution of the dispute with Magulfi and the GOT.

Look at this article folks. You do wonder why Barrick, a Canadian company, is at the head of negotiations. More sway with the Canadian govt perhaps? Who knows.

https://www.newvision.co.ug/new_vision/news/1460373/tanzania-mp-arrested-insulting-president

This is a fascinating twitter thread.

https://twitter.com/zittokabwe/status/1036565709516615680

Does anyone know if we can obtain a copy of this report?

For all the fear and panic the share price is actually following a normal pattern. The lows are moving slowly higher as the project is de-risked. The only time this pattern has broken is when there was a placing.The chances are that we will see a bottom at some point this week and then further upward momentum.

https://1drv.ms/u/s!ApfJej54wSbFhrVm-iBxGh-7TUk_3A

Sorry Franky but I have to correct you there. Firstly, it isn't an old RNS. It's an article that was published in the Times in June explaining why Barrick can't "quickly sell the company to the Chinese" as Stock suggested. It is very possible that this is part of the reason for the delay. On the one hand Barrick have to find an agreement with this despot African President and on the other hand the deal has carry sufficient support from other shareholders not only to implement it but to prevent Barrick facing a possible court action for damages from the institutional shareholders at Acacia.

Stop posting stupid comments.

I just found this. "Catena Media's founder, Erik Bergman, has sold 900 000 shares during the month of August."

https://twitter.com/NordnetAxel/status/1037981340556308480

You should read this. https://www.thetimes.co.uk/article/crispin-odey-puts-mining-deal-in-jeopardy-jxxhln28f

Sorry dud link. Try this one. https://www.catenamedia.com/release/interim-report-january-june-2018/

I'm inclined to agree but there is something very strange going on here that I can't understand. Catena Media posted some excellent results for their period ending June 30 on Aug 10 and yet their share price has almost halved since May. I think the market is highly uncertain about how GDPR will affect these businesses.

https://news.cision.com/catena-media/r/interim-report-january---june-2018,c2589680