Central African Gold Share Discussion Threads

[looneytune] 26/4/2006 08:20

How long can you wait?

[arsenvolkov] 26/4/2006 08:06

How long can it take?

[plunge] 25/4/2006 21:09

Here is a link to an article on the recent goings on:



As always DYOR but in my opinion be careful with this one.

[miahkaysor] 25/4/2006 20:12

safman
Any idea as to what may happen now? i.e. suspension for good/bad?

[fat eddy] 25/4/2006 17:58

I dont think it's a reverse takeover, I think it's a big acquistion. It's unlikely a private company could use CAN as a reverse takeover target while it is effectively owned by CFM.

Bear the recent £9 million placing in mind as you read this.

Below is an old RNS, I found to do with WNL (a subsidiary of CFM, as is CAN)

White Nile Ltd Update
ArtDate: 27 April 2005

On 16 February 2005 the Company announced that it had concluded an agreement with the Government of South Sudan to acquire a 60% INTEREST in the BLOCK BA which contains part of the Muglad Basin in South Sudan (the "Transaction"). It was announced that full information on this transaction would be published as soon as possible and, pending such publication, the directors of White Nile (the "Directors") requested a TEMPORARY SUSPENSION of trading on AIM of the Company's shares.

On 4 March 2005 the Company announced that the Transaction falls to be treated as a REVERSE TRANSACTION under the AIM Rules.....

Fingers crossed X

[devinchi2] 25/4/2006 17:25

thanks you tp100, i pray it turns out that way.

[tp100] 25/4/2006 17:19

You have probably made lots of money devinchi2 but you won't know until there is another announcement. As the shares are suspended, nobody will be able to buy or sell until the suspension is lifted.

Garryd1 - a reverse takeover means that the bigger company merges with the smaller one and then takes on the smaller companies listing. It is useful for a company without history to get regulatory approval.

[devinchi2] 25/4/2006 17:15

Can someone please tell me what is going on.i just invisted £7000 today in this stock @17.50 now this.does this mean that my money is gone.pls my good friends help me what is this.

[garryd1] 25/4/2006 17:10

what is a reverse transaction?

[looneytune] 25/4/2006 17:09

cheers eddy

[garryd1] 25/4/2006 17:06

Does this mean that there will be an announcement? Good news?

[fat eddy] 25/4/2006 17:02

Looneytune, have a look at EnCore Oil. (Eo.)
p.s It's a good buy too! ;)

After the suspension and reverse takeover the share price jumped by around 100%-150% in within 4 weeks.

[safman] 25/4/2006 16:56

noticed CFM.. another phil edmonds vehicle.. this has gone from 4pish buy to 24p.. is the space of just under 2 months..

saffy..

[looneytune] 25/4/2006 16:52

Has anyone here had this happen on another share if so which one pls, i would like to research this further.
Thanks
Lt

[tp100] 25/4/2006 16:48

Could be anywhere - I was thinking of going short at 23p but glad I didn't as normally this sort of announcment is good for share prices, we will see.

[fat eddy] 25/4/2006 16:45

What do you think the share price will be if it happens?

[charmer1_23] 25/4/2006 16:42

Central African Gold PLC
25 April 2006

Central African Gold Plc / Ticker: CAN / Index: AIM / Sector: Mining &
Exploration

25 April 2006

Central African Gold Plc ('the Company')

Suspension of Trading

The Company announces that it is currently in discussions that may lead to the
Company entering into a reverse transaction. As such the ordinary shares in the
Company have been suspended from 4:20pm Tuesday 25 April 2006. Further
information will be announced in due course.

Contacts:

Greg Hunter Central African Gold Plc Tel: [phone]
Hugo de Salis St. Brides Media & Finance Ltd Tel: [phone]




This information is provided by RNS
The company news service from the London Stock Exchange

[ppowerscourt] 25/4/2006 16:38

CANW share price trading ahead of CAN before suspension.

[looneytune] 25/4/2006 16:35

This is a Precautionary Suspension.
Reasons:

a) Trading in those securities is not being conducted in an orderly manner.
b) It considers that an Aim company has failed to comply with these rules.
c) The protection of investors so requires or
The integrity and reputation of the market has been or may be impaired by dealings in those securities.

Cool eh? This also happened to White Nile (another Phil Edmonds company)

Hold tight!!!

[imate2] 25/4/2006 16:24

it makes sense now, suspended

[looneytune] 25/4/2006 16:23

Suspension-Central African Gd

RNS Number:9757B
AIM
25 April 2006





NOTICE

(266)

25/04/2006 4:20pm

TEMPORARY SUSPENSION OF TRADING ON AIM

CENTRAL AFRICAN GOLD PLC

Trading on AIM for the under-mentioned securities has been temporarily suspended
from 25/04/2006 4:20pm pursuant to AIM Rule 40


Ordinary Shares of 0.1p each (3411847)(GB0034118470)
fully paid


Warrants to Subscribe for Ordinary Shares (3411869)(GB0034118694)




If you have any queries relating to the above, please contact AIM Regulation 020
7797 3776



Ref: AIMNOT266

[imate2] 25/4/2006 16:22

why trading closed well before time? any idea

[safman] 25/4/2006 16:21

suspension..may well see an acquisition on the cards...

saffy..

[ppowerscourt] 25/4/2006 16:11

Must be the gold prospecting in Mali!

(Hopefully, this time the spike vs. March's will be for real, meaning staying.)

[arsenvolkov] 25/4/2006 15:55

Holymolly!!! Whats going on here?