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Share Name Share Symbol Market Type Share ISIN Share Description
All Active Asset Capital Limited LSE:AAA London Ordinary Share VGG017801082 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50 -0.85% 58.50 58.00 59.00 59.30 57.60 57.80 2,064,633 13:14:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 -0.5 -0.3 - 592

All Active Asset Capital Share Discussion Threads

Showing 101 to 122 of 875 messages
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DateSubjectAuthorDiscuss
01/7/2005
10:36
closed up 9% on tsx at 1.52, on 62k volume.
rambutan2
01/7/2005
10:33
as mr read promised... Mining Co. Refutes AP OPIC Story By Jeff Miller Posted: 6/30/2005 1:00 PM (Rapaport...June 30, 2005) An investigation published by the Associated Press into the Overseas Private Investment Corporation (OPIC,) found that the agency's screening process missed linkages between some companies and their involvement in both the Mafia and in fuelling conflict across Africa. However, one mining company, Adastra Minerals, which was directly named in the press report says the Associated Press made factual errors. OPIC operates on reserves worth about $5 billion, and they told the Associated Press that they missed some screening information for some applicants prior to awarding investment funds. The Associated Press reports that some money from OPIC was given to companies responsible for stock manipulation and conflicts in Africa. OPIC has provided loan money to diamond companies based in the United States, but according to the report no recent funds are involved. The Associated Press claims that they alerted OPIC to the Globus International Resources Corporation improprieties, to which OPIC says it promptly withheld funds "pending some further reviews." The Securities and Exchange Commission records show that Globus gave hundreds of thousands of dollars worth of shares to four Mafia stockbrokers and a Mafia-owned company between 1996 and 2000, but company officials were never charged with crimes, the report claims. In 2003, OPIC approved a $25 million loan for Sierra Rutile Ltd. --a company owned by Jean-Raymond Boulle-- the Associated Press reported, and linked another company, America Mineral Fields, which used to be controlled by Boulle between 1995 and 1999, as previously cited by the United Nations for operating with rebels in the Democratic Republic of the Congo. The news agency says Boulle operated America Mineral Fields, which changed its name to Adastra Minerals; however, Tim Read, CEO of Adastra, told Rapaport News that Boulle was never an officer or director for the company, nor has OPIC lent money to Adastra. The Associated Press said the company made deals with rebel leader Laurent Kabila, and bought diamonds from Kabila's rebel controlled territory. Adastra however says that while it was cited in a draft report, along with 75 other companies by the United Nations, it was not accused of unethical business dealings with rebels, and was exonerated by investigators. "The company did not make deals with Kabila in 1996 or 1997 or buy any diamonds from Kabila's rebel held territory," Read told Rapaport. Additional OPIC funds to Boulle are due to fund Sierra Rutile Ltd., according to the Associated Press, but there is no connection between Adastra and Sierra Rutile.
rambutan2
30/6/2005
12:07
quick word with mr read. yes, drop due to verging-on-libelous piece released by ap. he working on response. yes, most pieces of debt jigsaw in place. no, he v keen not to raise equity at current prices and prepared to wait until conditions better.
rambutan2
29/6/2005
11:01
yes, all that in place arf, this is from a few years back and re the diamonds in angola. just rang them but tim read in brussels oday. was promised a call from him tomorrow. worry to me is that we got to raise equity and want a more realistic and higher price, not a lower one.
rambutan2
29/6/2005
10:29
I thought that AAA already had to do things like environmental impact studies, so that ought to answer the ethical question. This looks like a buying opportunity.
arf dysg
29/6/2005
10:26
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Language=en&QuoteSymbol_1=aaa&x=27&y=9
rambutan2
29/6/2005
10:01
yes, over 600k in canada yesterday leading us down.
rambutan2
29/6/2005
08:12
ram2, yes, I saw this flagged up a few times this week, same article re-digested for different newswires. This phrase for example is identical in both: The U.N. panel on the Congo said Boulle's AMF violated international ethical guidelines. AMF, which changed its name last year to Adastra Minerals, said it did nothing wrong. I didn't actually think it worth posting - as you say, it's recycled old news. Volume hasn't been much, has it.
jonwig
29/6/2005
01:31
reason for rather surprising price fall... http://fullcoverage.yahoo.com/s/ap/20050626/ap_on_go_ot/opic_oversight but these are old allegations which ive come across before. hmmm.
rambutan2
20/6/2005
16:03
= = The target price is set to C$4.40 = = and is therefore about £1.95: higher than any other recent estimate, I think: haven't checked. The C$ has been strong recently, I believe - that should have had some upward effect on the £sterling share price, if anyone had bothered to adjust...
jonwig
20/6/2005
15:41
for what it's worth... NEW YORK, June 13 (newratings.com) - Analyst Mike Jones of Canaccord Capital maintains his "buy" rating on Adastra Minerals (AAA.ISE). The target price is set to C$4.40.
rambutan2
14/6/2005
11:13
updates re Kipushi Project, DRC (zinc) ...It is now planned to carry out a Scoping Study before finalizing the revisions to the Gecamines Agreement. Once agreement on the revisions has been reached, and necessary GDRC approvals have been obtained, the Company anticipates that the feasibility study will commence. Kumba Base Metals, who in accordance with the Zincor Joint Venture Agreement ('ZJVA') could earn a 50% shareholding in the Company's interest in the Kipushi Project, were fully involved in the negotiations with Gecamines until the ZJVA expired on March 31, 2005, and continue to be kept fully informed. and confirmation of my previous post... Angola Project (diamonds) During the year ended October 31, 2004, the Company found it impossible to progress matters further with Endiama in relation to its rights with regard to two mineral properties in Angola. ...No response was forthcoming; and accordingly on May 18, 2005, the Company filed a legal suit against Endiama in the United States of America. Although the Company has been advised by counsel that its case is strong, the outcome of litigation can never be predicted with certainty.
rambutan2
14/6/2005
11:06
jonwig, it is imminent.
rambutan2
14/6/2005
09:51
Today's figures don't seem to contain any contentious information, but then I've not been around for long enough to home in on anything startling. About capital requirements and fundraising they say: "The Company believes it has sufficient cash and cash equivalents on hand to fund the Company's short term development activity. The Company will need to raise additional financing to achieve its long term development plans." ...so I wouldn't think anything is imminent?? But then this: "Work also continued throughout the six months on ... and on preparations for project financing."
jonwig
13/6/2005
15:37
could mean the fund raising is set for 80p. which is disappointingly low, but perhaps inevitable as any efforts to lift higher haven't succeeded.
rambutan2
13/6/2005
14:38
Thank you. The Telegraph's figures contradict the BBC's figures. I'll assume that the Telegraph has it right since there's far more detail and their sums add up. Has anyone noticed the share price for the last month and a half? It seems to have a floor underneath it - somebody must be buying whenever the price is 80p which has the effect of stopping the price going below this.
arf dysg
13/6/2005
14:24
Arf Dysg, hi. This is the whole Telegraph article. I didn't post it last time as I didn't think anyone would be interested. ~~~~~~~~~~ Eighteen countries have already reached targets for good governance under the Heavily Indebted Poor Countries Initiative, set up by the World Bank and International Monetary Fund in 1996, and are now eligible. These countries and their total debt are: Benin $1,828m Bolivia $5,684m Burkina Faso $1,844m Ethiopia $7,151m Ghana $7,957m Guyana $1,447m Honduras $5,641m Madagascar $4,958m Mali $3,129m Mauritania $2,360m Mozambique $4,930m Nicaragua $6,915m Niger $2,116m Rwanda $1,540m Senegal $4,419m Tanzania $7,516m Uganda $4,553m Zambia $6,425m TOTAL $80,413m Nine countries have reached "decision point" and are likely to qualify soon. They are: Cameroon $9,189m Chad $1,499m Democratic Republic of Congo $11,170m Gambia $629m Guinea $3,457m Guinea-Bissau $745m Malawi $3,134m Sao Tome $293m (2002 figure) Sierra Leone $1,612m TOTAL $31,728m Eleven countries are taking part in the initiative and could eventually qualify. They are: Burundi $1,310m Central African Republic $1,328m Comoros $288m Republic of Congo $5,516m Ivory Coast $12,187m Laos $2,846m Liberia $2,568m Myanmar $7,318m Somalia $2,838m Sudan $17,496m Togo $1,707m TOTAL $55,402m GRAND TOTAL $167,543,000,000
jonwig
13/6/2005
13:42
jonwig, Is the $11,170m figure in the Telegraph? I just found an article on the BBC web site (Business --> Welcome for G8 debt deal) with some more information. It's $40bn for 18 countries now (average $2.2bn per country) and another $15bn for another 9 countries later (average $1.66bn per country) Considering the averages, the DRC debt of $11bn is staggering. In its group of 9 countries, the DRC is responsible for two thirds of the total debt. Comparing it with the 18 countries in the first group, the DRC has FIVE TIMES the average debt. This is huge. Does anybody know the history? Did this arise during Mobutu's rule? I know he stole a lot; perhaps this is the result. I entirely understand the need for good governance to qualify for receiving the debt relief. I spent 7 weeks in the DRC earlier this year and I can say that getting something for nothing is the national pastime. In the case of government officials (for example, immigration officers at airports and ports along the Congo river) it becomes absolute theft. The level of corruption is staggering. Sometimes it seemed that every single person was on the take.
arf dysg
13/6/2005
10:52
this must be being held back by the equity raising needed. wonder what's going on behind the scenes?
rambutan2
13/6/2005
09:50
Hi, Arf Dysg. An article in today's Telegraph (I think you need to register to read it) gives a list of those which have already qualified, those which are expected to qualify soon and those taking part which might qualify eventually. The DRC is in the second group. Its debt figure is the highest in the whole list, at $11,170m. It's all down to acceptable standards of governance. As for your last point, I'm sure it all adds to the 'bull basket'.
jonwig
13/6/2005
09:37
Does the recent proposed debt write-off for some of the world's poorest countries affect the DRC? If so, does that make it any more attractive to do business in Congo? To put it another way, will investors now look at Congo again and realise that AAA shares are worth buying?
arf dysg
13/6/2005
09:20
The more of this sort of thing we see, the better: "DUBAI - A Dubai-based firm has won a major contract to manage and update the telecommunications system of the Democratic Republic of Congo, DRC, one of Africa's largest countries. The deal, signed recently in the DRC capital of Kinshasa, is between the office congolaise des postes et telecommunications, OCPT, and Kampac Oil, a division of the Jebel Ali-based KAMPAC Group, in association with the Congolese firm Atlas Investment Trust. Work on the telecoms system is expected to begin in August. The objective, according to a report in the Congolese daily Le Potentiel, will involve the rehabilitation and the upgrading of its services both in Kinshasa and the rest of the Congo. The deal will last for ten years, with an option for an extension of another ten years. Kampac's chairman Charles Ampofo, told the Emirates News Agency, Wam, ''I believe in the future of Congo. It is a country with enormous potential, and I am happy to be associated with our partners in this important project to modernise its telecommunications network.'' The KAMPAC Group has extensive interests in oil trading and shipping, it and other sectors, with operations in West Africa, Europe, the United States and the far east, as well as in the Gulf. It also has oil exploration concessions in Senegal and Niger." http://www.khaleejtimes.com/DisplayArticle.asp?xfile=data/business/2005/June/business_June284.xml&section=business&col=
jonwig
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