Noventa Share Discussion Threads

[john6185] 08/6/2013 09:36

They are seeking to agree an extremely broad Investment Policy at the EGM. So it very much broadens to appeal for of a RTO from all sectors operating on Africa.

I assume that the tax carry forward of $110m would only be of any value in Mozambique where the operating losses occurred.

It should all come out of the wash this month. I'm pretty sure that an RTO buyer has been teed up already.

[powells workwear] 07/6/2013 18:26

i think the small amount of shares in issue is the big pluss here aswell

[hms_trader] 07/6/2013 17:33

thnks joj. does being in the natural resources sector actually matter? surely for RTO if the shell a company was backing into wasnt in natural resources it would just have to redefine its remit...?

[jojo_jo] 07/6/2013 16:18

NVTA is in a friendly jurisdiction on the 'right' continent, and in the all important natural resources sector. Also a possibility of tax losses being available to the right acquirer.

IMPO/DYOR/NAI
Jo

[hms_trader] 07/6/2013 13:06

Any ideas on how long we could expect it to take for a RTO to happen? Does anybody know if there is anybody waiting in the wings? What would make NVTA an attractive RTO target over any of the other shell investment company's on AIM?

Thanks in advance. GLA esp LTH

[devil20] 07/6/2013 11:52

Could be JoJo. Nice there's not one of those stupid RNSs after a measly 20% rise or whatever on some shares.

[jojo_jo] 07/6/2013 11:46

No RNS advising 'no reason known for rise'. That's very positive, as it implies there probably is a genuine reason for the rise.

It looks like something really is happening behind the scenes!

IMPO/DYOR/NAI
Jo

[b1llyboy] 06/6/2013 19:02

More agri,another 40%and i'll be a blue boy.

[powells workwear] 06/6/2013 16:34

I bet it will not belong before comedy back in, if not already, he loves this type of share when they start to move. Are you there COMEDY

[jojo_jo] 06/6/2013 13:49

Yes, it looks like friends and relatives have jumped in before the herd today.

This could go a very long way on news of a mover&shaker taking a stake here, and that is beginning to look more probable by the hour.

1p could look very cheap in a week or two!

IMPO/DYOR/NAI
Jo

[cuatros] 06/6/2013 13:36

Looks like it falia

[falia] 06/6/2013 13:25

looks like news has been leaked

[falia] 06/6/2013 13:13

yes plenty of buying in the background

[cuatros] 06/6/2013 13:02

There are big buys that haven't registered yet.

[devil20] 06/6/2013 12:51

41%. Now starting to look a bit more serious. We can but live in hope!

[powells workwear] 06/6/2013 12:42

The one thing about this share is it moves very fast not alot of share in issue

[jojo_jo] 06/6/2013 12:32

Things clearly happening behind the scenes, and it looks positive for shareholders. Friends and relatives buying in before news breaks, possibly?

Are we going to jump back up to 4p?
It's happened a number times in the last year or two, after a strategic investor appears, signalling a forthcoming RTO.
A distinct possibility here I'd say.

IMPO/DYOR/NAI
Jo

[devil20] 06/6/2013 12:29

Near 30% up. Is it just someone playing?

[powells workwear] 06/6/2013 11:22

No not me i have a small holding here but nearer 4p

[mubz] 06/6/2013 11:06

did you buy those 999,999 shares Powells Workwear? I bloody hope we are going to turn would be nice to see 1p before the egm next week

[powells workwear] 06/6/2013 10:37

are we about to turn big time?

[sirigold] 03/6/2013 16:20

well, the rns today, doesnt give us hope or dismay... we must continue to wait in hope, our chances are less than average, but what can we do.....

[jojo_jo] 20/5/2013 15:34

Just a shell, so usual games will be played. Next a strategic investor/company will appear, and that could spike it up somewhat (depending on who it is).

IMPO/DYOR/NAI
Jo

[john6185] 16/5/2013 20:34

Sales Process Update -

I am "please to announce" :)

That I received the sales pack today (dated May 20130. Here's the section that deals with the Transaction Process. I'm happy to share what I consider an excellent 8 page sales pitch.. (or you can contact the sales agents directly )
email: [e-mail]

"Richmond Capital LLP has retained Euro Pacific Canada Inc. to act as its exclusive financial advisor to consider strategic alternatives on a confidential basis including an investment or a takeover of the Company aimed at maximizing shareholder value. The Company requires approximately USD$55 million (as of March 18th) to re-pay the bridge financing currently in place. This amount in conjunction with additional project financing is expected to allow for sufficient working capital for the Marropino Mine and bring the Morrua Concession into commercial roduction. According to HAMCM, the Marropino mine operation has an associated tax loss carry forward amount of approximately US$110 million, expiring in 10 years from the time they were incurred (~2009 – 2011).

In addition, approximately US$45 million in capitalised costs have not been allocated and are being reviewed by auditors. Additional confidential information concerning HAMCM Group is available to qualified parties who execute and deliver a confidentiality agreement to Euro Pacific Canada in the required form. The transaction process will be managed in accordance with procedures that will be established and communicated to interested parties from time to time.

Interested parties should not contact the Company's management, shareholders, employees, creditors, customers, suppliers, agents or representatives directly regarding any aspect of their interest. All inquiries or communications, including any requests for additional information, should be directed to one of the individuals at Euro Pacific Canada Inc. listed below.

Rob Furse David Cusson
President CEO
[phone] x200 [phone] x201
rob.fu [e-mail] [e-mail]"