Cambria Africa Share Discussion Threads

[davidlloyd] 10/3/2016 08:20

Quiet here. Market doesn't know what to make of news or just not picked up on it yet? Interesting times. DL

[gonuts1] 04/3/2016 07:13

Heads up 10m trade in ONZ 1.02p after hours yesterday shares in issue 138m

[paul the octopus] 03/3/2016 09:49

btw, when u see CFEP happy to take 526,910 paying a bit over bid u know what's coming, enjoy the best 2 days for spikes :)

[paul the octopus] 03/3/2016 09:46

don't worry about them, the CEO is taking care of his 51% holdings very well, and Sillyim just playing balls while mm's taking advantage of puntersso the chap bought 526,910 at 0.5223 sold at 0.5526 for less than £200 profit, was it really worth the risk for a sleep overbet he would buy again at much higher price when next rns arrives, stay tuned and enjoy the balls game

[jumbone] 03/3/2016 09:23

Paul: No one seem to appreciate the significance of the new developments. If you look at the Annual Report numbers... They are very impressive to say the least. I wonder why?

[paul the octopus] 02/3/2016 17:39

simply put, the money in the bank will be released and they will get a director on board or have a say in choosing the new CFO, win-win after all

[tenapen] 02/3/2016 17:32

For anyone new looking in to see what the background to todays share price rise is all about. Alliance News Cambria Africa Clarifies It Has Not Accepted Offer From Consilium Wed, 2nd Mar 2016 15:52 LONDON (Alliance News) - Cambria Africa PLC shares rose on Wednesday after it said it is considering the proposed suspension of the ongoing litigation between the company and its lender, clarifying it has not agreed terms. Cambria Africa shares were trading up 27.5% to 0.510 pence per share on Wednesday afternoon. Cambria Africa released a statement earlier this week that said it had agreed the ongoing litigation being stayed, or suspended, until the end of April, but on Wednesday said it is only considering the terms. The litigation arose from a dispute with one of its creditors, Consilium Corporate Recovery Master Fund Ltd, which has offered the suspension to the company. Back in September, Cambria Africa said it "strongly disputes" claims made by Consilium that the company was due to repay a substantial loan, with Cambria Africa accusing Consilium of trying to "accelerate the repayment of the loans". Consilium issued Cambria Africa with a statutory demand in the Isle of Man for the repayment of USD4.8 million pursuant to the terms under the loan agreement between the two companies. The figure demanded by Consilium Corporate Recovery is the same as the USD4.8 million secured by Cambria Africa back in September from Lonrho Ltd earlier in 2015 after a court case between the two companies. Cambria Africa was originally seeking USD10.0 million from Lonrho. In another blow to shareholders, Consilium then converted its floating charge on Cambria's assets, including its primary bank accounts and the USD4.8 million settlement from Lonrho as part of the dispute. That meant Cambria Africa became reliant on the USD1.1 million standby facility made available by Ventures Africa Ltd to the company so it could be used as security for costs in relation to its now settled litigation against Lonrho. The litigation with Lonrho came after Cambria Africa was accused of unlawfully transferred payments by Lonrho to one of its subsidiaries whilst it was managing Cambria in 2008, and over the three aircraft leases. Cambria continues to diligently investigate all the claims it may have against Consilium and the former CEO and Chairman of Cambria, which are both directors of Consilium. On another note, Cambria Africa Wednesday said current Chief Financial Officer Josie Watenphul will no longer carry out her financial management duties, and will become a non-executive director only, as the company begins its search for a new CFO. By Joshua Warner; [e-mail]; @JoshAlliance Copyright 2016 Alliance News Limited. All Rights Reserved

[paul the octopus] 02/3/2016 16:29

526,910 at 0.52p, nice fill, surely then fishing for stock

[paul the octopus] 02/3/2016 16:28

was so obvious they were playing balls, finally they are sitting around the table. Let's move forward, upward and north

[bean02] 08/2/2016 13:53

Any ideas on likely costs to be awarded?

[bean02] 29/1/2016 13:57

Rns inbound?

[sharetips6] 29/1/2016 13:04

filter 3d he is a idiot spammer

[tenapen] 27/1/2016 17:08

Https://www.judgments.im/Content/J1699.htm As the company issued an RNS in the judgment on the 23rd Dec 15; Http://www.investegate.co.uk/cambria-africa-plc--cmb-/rns/update-on-dispute/201512231041060335K/ Cambria Africa Plc ("Cambria" or the "Company") Update on Dispute Court orders Consilium to pay Cambria's Costs Further to Cambria's announcement of 17 November 2015 that Consilium Corporate Recovery Master Fund Ltd ("Consilium") withdrew its statutory demand for the sum of US$4,819,106.18, in response to the Company's application for an injunction, the Company advises that Consilium have been ordered by the High Court of Justice of the Isle of Man to pay the Company's costs of and incidentals to the Statutory Demand claim on a standard basis. Cont...

[paul the octopus] 27/1/2016 13:06

https://www.judgments.im/Content/J1699.htm

[tomboyb] 03/1/2016 20:27

Lets hope they build something here from the Lonrho empire - Difficult buy in any quantity here at these levels - TommyBoyB -

[tenapen] 01/1/2016 18:18

AimMafia, matchin trades it looks like you bought at 0.8p and sold at 0.4p that is a downer. Can i ask why you closed when things seem to be picking up for bombed out African stocks. It could be a small santa rally soon to fade away with the memory's of Christmas ! . But the CMB management have won two court cases, one against a band of chancer's but the first was against the conglonerate who bought Lonrho, the big boys. This tell me that the bod are fighters who are in it to build something, or they would not have gone to the trouble of fighting and just taken the wages until the money ran out. One unknown is coming and that being who will take over from a failing President Mugabe ! it would be great if a liberal got power but im thinking the army will instal his wife !, time will tell. Best Wishes for 2016, All

[paul the octopus] 31/12/2015 13:59

eat snickers, you should feel better

[aimmafia] 31/12/2015 11:09

So glad I sold I sold at .40 yesterday haha. Luckily was only a small punt.

[paul the octopus] 31/12/2015 10:26

Consilium just playing balls with Mr Sasha, no point proceeding with a weak court case when they can sit around the table and negotiate, which they will have to do anyway by April. an rns confirming that is much welcomed800k mcap vs $4.8m received from settlement says it all (@zOctopuz on twitter)