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Share Name | Share Symbol | Market | Stock Type |
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White Nile | WNL | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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2.43 |
Top Posts |
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Posted at 04/1/2009 21:10 by topvest Just commenting on a stock I'm interested in, as most on these BB's. Do your own research. Think this is quite an interesting vehicle at the moment, as is CAMEC, despite the enormous disappointments. Certainly not a stock to put your life savings into, but at 3p and 2p respectively, they look better value than the £1 or so they both traded at a year or so ago. Generally speaking, I'm sticking to cash or investment trusts at the moment. WNL is for fun! |
Posted at 17/12/2008 15:50 by marleytonglide Untill further notice phil edmunds deserves nothing but spin like his bowling and wnl over and out 1p sale |
Posted at 07/12/2008 18:15 by caradog 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. |
Posted at 07/12/2008 15:56 by topvest 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. |
Posted at 04/12/2008 15:25 by fountains Looks like Total are not in favour at the moment with the Sudan Divestment Task Force. This from the Sudan Company Profiles of Genocide Intervention Network:"However, if upon resuming business Total's operations resembled those of the existing problematic oil operations in Sudan, and the company fails to take "Substantial Action," it would likely be removed from the SDTF's Ongoing Engagement category and placed on the Highest Offenders list. Total has recognized some of the potential consequences of such a designation. In an annual report, it acknowledged that due to the passage of the Sudan Accountability and Divestment Act by the U.S. Congress, state pension funds might have to sell their shares if Total restarts exploration in Sudan, which, it said, "could have an adverse effect on Total's share price." This from WNL results: "However, as investors will be aware, much of the attention on White Nile has become focussed on clarity of title for Block Ba. To date, we have had numerous assurances from leading Southern Sudanese government figures that our interests will be protected, with the likelihood being that we would be included in a consortium that will develop Block B in Southern Sudan, would include Block Ba, Block Bb and Block Bc." Clearly the door is open for WNL to press forward its claim and it's up to Mr Pelham to secure it. Don't miss the boat! |
Posted at 29/11/2008 18:58 by chasbos This was announced Jan 2008, does antone know if WNL have carried out seismic ops or drilling ops ?LONDON (Thomson Financial) - White Nile Ltd (LSE: WNL.L - news) said it has signed a production sharing agreement (PSA) with the government of Ethiopia for a 29,000 square km block in the Southern Rift Basin in south-western Ethiopia. Under the PSA, the Ethiopian government has granted the sole right to the company to explore, develop and produce petroleum in the contract area, in return for satisfying various development commitments. White Nile must invest at least 6 mln usd in seismic operations, due to begin in the fourth quarter of 2008, and a minimum of 8 mln on drilling operations. |
Posted at 19/11/2008 12:00 by hyper al devlin78Can you supply link to source on info you posted on Rift thread? "devlin78 - 19 Nov'08 - 11:47 - 6250 of 6251 rueters news snippets WHITE NILE/WNL READY TO ANNOUNCE A DEAL WITH TOTAL IN SUDAN.sudan rag a newly formed state owned company nile pet 50% owned by wnl will re-commence drilling in sudan." |
Posted at 14/11/2008 07:22 by risk investor wnl..SUDAN ON HOLD... NIGERIA? KENYA? ETHIOPIA? if oil was AT $147.. what would WNL share price be.?? |
Posted at 09/11/2008 13:21 by ed winchester wskillthat cash is ring fenced. You can only attribute cash to price/share if that cash isnt doing anything and is surplus. WNL's cash is not surplus. Not saying its a buy or a sell. But its not right to attribute the cash to the share when its blatantly obvious that those cash levels will eventually dwindle down to around £1.25m very soon. As for assets... they are worth little until it produces cash flow. Take a look at the so many AIM minnows, they claim to have so many acreages yet the market is tired of them. The oil bubble has been well and truely burst (as WNL share shows quite clearly) - the market will now only place real value on companies that produce good cash flow... even then they arent properly valued. So many sound and solid cash producing oil plays that have been battered and still lowly valued - so very hard to see WNL being given any sort of inflated value as it has yet to prove assets that produce any sort of cash flow. There is also the propsect of further dilution as sooner or later WNL will need further funding in order exploit all their assets. You cant do diddly with just £1.25m. |
Posted at 27/10/2008 19:13 by topvest No more for me, but holding what I have. Some of my stocks are on over 10% dividend yields, they are much better buys in todays outrageous market. Happy to hold here though (and at CFM)! |
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