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WNL White Nile

2.43
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
White Nile LSE:WNL London Ordinary Share GB00B05MGT12 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.43 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

White Nile Share Discussion Threads

Showing 4001 to 4020 of 4050 messages
Chat Pages: 162  161  160  159  158  157  156  155  154  153  152  151  Older
DateSubjectAuthorDiscuss
11/12/2008
13:28
lol top vest and caradog brilliant postings made me laugh

however I actually know groves from old and also know a little about Phil !!!

camgeo4
09/12/2008
19:58
Caradog - lol, yes fun isn't it. Never expect the expected with Edmonds and Groves.
topvest
09/12/2008
19:25
And Confucius he say it more cost-effective to plant seed in soil than plant drill deep underground. He also say can't fly private jet on mango juice and man who go out in sun without pith helmet get funny ideas.

So Camec (a mining business) sells half its Kenyan oil exploration business to White Nile in March only for White Nile to get out of the oil business in December to turn to agriculture, apparently to buy the farming business off Camec which by this time has stopped mining and gone into trucking whilst the chairman and CEO are setting up a clinic in Dar Es Salaam.

And Confucius he say plant potato. And if potato no grow, dig deeper and find copper. And if no find copper, dig deeper to strike oil. And if no strike oil float company on AIM as vertically integrated investment opportunity.

caradog
09/12/2008
15:14
In White Nile's statement, Mr Edmonds emphasised the value of his team's expertise in Africa.

He was raised in Zambia and Mr Groves was raised in Zimbabwe.

White Nile's directors, he said, "will use their extensive business contacts and knowledge to source the most attractive transactions and assess potential targets for acquisition".

In targeting agriculture, White Nile said it was more cost-effective to plant a seed in the soil than plant a drill deep underground.

andrbea
09/12/2008
12:14
creeping up
5%

andrbea
08/12/2008
14:52
Caradog - 6 Dec'08 - 08:47 - 3823 of 3829


A wonderful track record indeed, Topvest. Admittedly his oil exploration venture just failed, and the gold mining vehicle he set up just ran out of cash, withdrawing from Zimbabwe just after one of his other companies lent company money to its much-loved president. But that hyperinflation business and the cholera epidemic came right out of the blue. He was also unlucky to buy the same Chinese cobalt smelter for the second time just as metal prices collapsed forcing him to suspend the cobalt/copper mining operations he had just set up. And it really wasn't his fault that he had to call off his plans to spin off his coal assets in Mozambique - who could have guessed that coal prices would dive like that? His idea of producing biofuel in Mozambique was a brilliant wheeze until fuel prices unexpectedly collapsed and food prices soared. Nevertheless I'm sure that the attractions of using agricultural land in one of the world's poorest country to produce more fuel to burn are obvious to all shrewd investors. The only thing that could scupper that profit machine is a world recession, and fat chance of that happening!

But are you confused by all these overlapping investment vehicles? Are you losing sleep as the value of your investments falls by 90% or more? Then why not book yourself in to one of Dr Phill's health clinics. He'll see you right. You can rest assured in the knowledge that if anything goes wrong it will be bad luck, and not his fault at all.

And don't forget, just because the last 3 patients have died doesn't mean that you are going to!

Iechyd Da!


Brilliant post.

the big fella
07/12/2008
21:05
White Nile mentioned
scner
07/12/2008
18:15
Livelihood for Africans? Laudable sentiments Mr Topvest, but somewhat belied by the facts.

I don't seriously believe that you think WNL put any bread on Sudanese tables.

And as for Camec, Mr Edmonds claims in the 2008 annual report that DECA, the agricultural arm of Camec based in Mozambique, has "300,000 outgrowers and sustains 1.5 million people". On page 41 of the accounts DECA claims to have 350 000 farming suppliers. Yet DECAs turnover was only 5.6 million USD, generating a profit of 1.6 million USD. So 4 million USD in outgoings, and out of that it has to run 80 trucks. How much does that leave to "sustain" 1.5 million farming folk?

Please correct my figures if I'm wrong, but it seems that either Mr Edmonds is exaggerating a little or he thinks that a member of a farming family in Mozambique can be sustained for a year for less than a couple of quid, which is what it costs to "sustain" Mr Groves for about 60 seconds.

Enjoy your Christmas dinner.

caradog
07/12/2008
15:56
Cardadog - go and take your sick accusations elsewhere. I do own shares in Camec and WNL, albeit not an enormous number. In my opinion, CAMEC create jobs and a livelihood for ordinary people in Africa, which is a lot more than most of us do.
topvest
07/12/2008
15:46
Topvest - I am not bitter, never put a penny the way of Groves/Edmonds. You don't seem quite up on events with Central African Gold. It has been a spectacularly poor investment for Camec, almost as bad as its holdings in the ailing Katanga mining and the moribund White Nile.

According to its own web site, Camec has 31 million Shares in Central African Gold (Another miserable Edmonds/Groves startup).



Shares in CAG were suspended on 12 Nov whilst it clarifies its financial position.



It has subsequently withdrawn from Zimbabwe.



Camec had been reported to have made a "thinly disguised" loan to Mugabe.



I presume that you are a shareholder in Camec. Are you happy with the thought that that your company is reportedly using your funds to support Mugabe?

Would you let some children dying of cholera come between you and a fast buck?

If not, how are you different from Baby P's relatives?

caradog
07/12/2008
11:43
The Times
December 6, 2008
White Nile abandons oil exploration to plant seeds of agriculture business
Ian King, Deputy Business Editor

White Nile, the AIM-listed company founded by Phil Edmonds, the former England cricketer, has abandoned its oil and gas exploration business.

The company, whose stock market value briefly topped £715 million amid high hopes for its activities in Sudan, said yesterday that its plans had been thwarted by the political situation in that country.

White Nile now plans to invest in projects or companies involved in agriculture or civil engineering in central and southern Africa. It will change its name to Agriterra.

The decision is the latest twist in one of the most extraordinary companies to have listed on the stock market in recent years. White Nile made its stock market debut as a "shell" company in February 2005, with the shares listed at 10p each. Within days, they had risen to ten times that amount, amid excitement over the company's 60 per cent ownership of Block Ba, a 67,000 sq km oilfield in southern Sudan.
Related Links

* Total to share oilfield with White Nile

* White Nile's Edmonds condemns Total as 'neocolonial'

White Nile struck a deal with rebel leaders to explore and develop the potentially lucrative oilfield after the rebels had come to a peace agreement with the Sudanese Government – but, crucially, before they had become part of a new administration.

White Nile quickly clashed with Total, the French oil group, which claimed that it had been awarded the same block in 1980. Total left Sudan in 1985 when civil war broke out but claimed to have kept the rights. South Sudan's government, which owns 47 per cent of White Nile, has supported the British company throughout, arguing that it fought for the land for 20 years while Total had abandoned the country.

White Nile said yesterday: "Although the board remains fully supportive and committed to the southern Sudanese, it is recognised that there are wider political issues and, realistically, the board does not believe that the resolution of title issues relating to Block Ba will occur before the referendum on total independence for southern Sudan is held on January 9, 2011.

"The board believes that in the current economic environment, which is not conducive to the continued funding of nonproducing early stage oil and gas exploration assets, combined with the current political position in southern Sudan, the company's current strategy of concentrating on oil and gas exploration is not now in the best interest of shareholders."

It said that Africa's agricultural sector was sufficiently resilient to generate reasonable returns even in the present economic environment.

White Nile shares, which reached 205p in April 2006, when the company was valued at £717.5 million, fell 0.13p to 2.53p. At last night's closing price the company, which is believed to have about £5 million in cash – is valued at £8.8 million.

mister md
06/12/2008
09:55
Caradog - he sold South African Resources for a great deal of money and had sold the gold mine company several years back. CAMEC went to a £1bn market cap, but has fallen back very heavily. For original investors it did them very well. Phil will win some and lose some. Don't get bitter. That's life as an entrepenuer. Both Phillipe and Groves sail close to the wind, but I would still say they are worth backing when the chips are down.
topvest
06/12/2008
08:47
A wonderful track record indeed, Topvest. Admittedly his oil exploration venture just failed, and the gold mining vehicle he set up just ran out of cash, withdrawing from Zimbabwe just after one of his other companies lent company money to its much-loved president. But that hyperinflation business and the cholera epidemic came right out of the blue. He was also unlucky to buy the same Chinese cobalt smelter for the second time just as metal prices collapsed forcing him to suspend the cobalt/copper mining operations he had just set up. And it really wasn't his fault that he had to call off his plans to spin off his coal assets in Mozambique - who could have guessed that coal prices would dive like that? His idea of producing biofuel in Mozambique was a brilliant wheeze until fuel prices unexpectedly collapsed and food prices soared. Nevertheless I'm sure that the attractions of using agricultural land in one of the world's poorest country to produce more fuel to burn are obvious to all shrewd investors. The only thing that could scupper that profit machine is a world recession, and fat chance of that happening!

But are you confused by all these overlapping investment vehicles? Are you losing sleep as the value of your investments falls by 90% or more? Then why not book yourself in to one of Dr Phill's health clinics. He'll see you right. You can rest assured in the knowledge that if anything goes wrong it will be bad luck, and not his fault at all.

And don't forget, just because the last 3 patients have died doesn't mean that you are going to!

Iechyd Da!

caradog
05/12/2008
21:20
Well I'd rather they kept it and invested. They have a better track record than us. Ok, WNL has been a flop, but doesn't mean the next adventure will be. These guys are borne entrepenuers and they normally have a good angle on things.
topvest
05/12/2008
13:50
poss bid for UEN on the way currently 8.9p- bid 20,30,50p +

sorry o/t

1delboy
05/12/2008
12:32
they still have 5m in cash



it also says:

As for the move into agricultural, the White Nile team already have some interests in the area. For example, one of Edmonds' other companies, Camec, has a food processing operation in Mozambique.

It is possible some of the team's other agricultural businesses could now be injected into White Nile, which will change its name to Agriterra

andrbea
05/12/2008
09:52
Question is what happens when a little african farmer with his ox and plough working for the new White Nile hits oil in his field? What then? A change of name back to White Nile and back into the oil game again?
molatovkid
05/12/2008
09:15
Any mention of Poppy fields?
gluefactory
05/12/2008
09:10
O/T ITI at 0.30p, worth a little punt and has started rising ahead of finals anyday now. DYOR.
treacle28
05/12/2008
08:55
don't like it............i'm out for now +61% in a few weeks so not bad,good luck.
farnham
Chat Pages: 162  161  160  159  158  157  156  155  154  153  152  151  Older

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