China Africa Share Discussion Threads

[mike_f] 16/3/2017 16:16

Hi Soul, you may be correct! At least we know who the guilty party is and he should be gone very soon ahead of an exciting few months ahead IMO.

[soulsauce] 16/3/2017 16:10

bifocally here you are it couldn't be any clearer:-

China Africa Resources Investing Policy:

Under the AIM Rules for Companies, CAF is required to complete an acquisition or acquisitions that constitutes a reverse takeover within six months of becoming an AIM Rule 15 Cash Shell or it will face suspension from trading on AIM. The Directors intend to apply the investing policy set out below in seeking an acquisition or acquisitions that will constitute a reverse takeover but there can be no certainty that they will be able to do this in the specified time frame.

[soulsauce] 16/3/2017 16:09

bifocally they can't without flouting the Aim Rules it is a cash shell and must have a reverse takeover within 6months, it's all there in the RNSs.

Anything different would need a EGM, a vote and possible subsequent re-listing.

Not quite Mike he could have just under 3% which is still circa 2.4m shares.

[mike_f] 16/3/2017 16:01

Nice 181k buy, ducks are all lining up here... GLA

[mike_f] 16/3/2017 15:53

Holding in CompanyChina Africa Resources plc (LON:CAF) the AIM listed natural resource exploration and development company has today been informed that Paul Johnson no longer holds a notifiable interest in the Company.For further information on the Company, visit: That was our seller! Now fully out... blue sky ahead?

[bifocally] 16/3/2017 15:46

Soulsauce - what if they're planning a mining investment co rather than a quoted miner? That might explain the heavy line up of directors and consultants.

[mike_f] 16/3/2017 15:07

Few more buys in this afternoon. Hoping for a little jump before name change then news on RTO :)

[dixi] 16/3/2017 10:38

soulsauce - if were to delist it does not mean that the board will not carry on in its chosen direction and at some point potentially seek a new quote. I know that may sound vaugely ridiculous but everyone is guessing right now.

[scotty666] 16/3/2017 10:11

I think very likely but folk are a little put off by the fact it will in all probability be suspended for a short time once an RTO is announced.

No issue my side but AIM investors are a fickle bunch with a very limited timeframe hence why it has slowly dropped over recent sessions imo. I have 400,000 shares now and will just sit on them and let the new team do their work.
Good Luck

[mike_f] 16/3/2017 09:59

I see a few more joining the party this morning. I wonder what the chances are of RTO news accompanying the name change next week? Would be nice!

[soulsauce] 16/3/2017 08:24

A RTO has to happen bifocally or it will de-list after the 6month period. These chaps haven't jumped in this listed vehicle for it to fail because it doesn't meet the Aim rules.

China Africa Resources Investing Policy:

Under the AIM Rules for Companies, CAF is required to complete an acquisition or acquisitions that constitutes a reverse takeover within six months of becoming an AIM Rule 15 Cash Shell or it will face suspension from trading on AIM. The Directors intend to apply the investing policy set out below in seeking an acquisition or acquisitions that will constitute a reverse takeover but there can be no certainty that they will be able to do this in the specified time frame

[bifocally] 16/3/2017 08:00

It doesn't feel like an RTO is very likely reading between the lines. The announcement of Bojtos' appointment said: "The Company's interests in a proposed investment and/or acquisition may range from a minority position to full ownership and may comprise one investment or multiple investments. The proposed investments may be in quoted or unquoted companies; be made by direct acquisitions or farm-ins; and may be in companies, partnerships, earn-in joint ventures, debt or other loan structures, joint ventures or direct or indirect interests in assets or projects. The new Board may focus on investments where intrinsic value can be achieved from the restructuring of investments or merger of complementary businesses." That looks more like a steady accumulation - unless there's already a company doing that and looking for a shell.

[soulsauce] 15/3/2017 21:45

No it was all part of the reorganisation, the divi in the form of in-specie shares was from when CAF a different entity.

[tilly99] 15/3/2017 20:50

Was there a divi after the placing?

[mike_f] 15/3/2017 14:50

Hiya Soul, yes great potential. Jumped into today as I thought the name change next week may spark a little interest! I will be buying more when I see further developments. GLA

[soulsauce] 15/3/2017 14:28

Pembridge next week and may be an update.

[soulsauce] 15/3/2017 14:27

Welcome Mike.

Agree it's a tad frustrating but I think in 2 or 4 or 6 months time we are probably all going to regret not throwing the kitchen sink at this.

I am very tempted to buy more but already have a decent amount. However I have cash on the site waiting on the guys to work their magic.

[escapetohome] 15/3/2017 14:01

Cmon china Africa let's jiggle jiggle

[mike_f] 15/3/2017 13:22

Taken a small nibble in here today, BoD cannot be ignored, I expect big things to come. GLA

[comedy] 13/3/2017 14:19

soul i think pj is out...similar to irg and new sound oil team coming on board...

think niobium has been mentioned just once...and by looking it up you will see it is a very lucrative metal...

but have to wait for seller and news to unfold...

[soulsauce] 13/3/2017 12:20

It's certainly an annoyance comedy but we have to keep our eyes on the bigger picture.

PJ was hoping to avoid a suspension but a lot has changed since then and like you say a big deal may need that to meet the rules.

[comedy] 13/3/2017 11:53

plus seller still her???

[comedy] 13/3/2017 11:53

so guess a suspension is going to come...as with a decent rto they will need to publish a prospectus to meet aim requirements?

[comedy] 13/3/2017 09:53

soul having read the rns going back all weekend and reading up on the new guys...looks like the 2 trades for the 2 assets ...6mill odd shares probably already sold???

plus the placing at just over 2p ...so could be flippers getting out from that placing...???

my take is the new guys are going to do a big rto ...and i think we will be going for £100mill plus deal...these guys pedigree speaks for itself.

[soulsauce] 13/3/2017 08:38

Yes lets hope the seller does not spoil the party.