I am a shareholder in Sable mining with the same management as AGTA and guess what they are delisting the company under the guise bad pubilcity and economic situation - they are effectively taking the company away from Shareholders. However, this is dressed up, it is the end as the majority of firms cease trading after adelisting which is a nice way shafting shareholders - shameful practice!!!!
U.K. Regulator Scrutinizes Credit Suisse, VTB Over Mozambique Debt
Inquiry examines whether banks violated regulations governing disclosures
to investors around a bond restructuring. (The Wall Street Journal, June 3, 2016)
[The business of Agriterra (LSE:AGTA) is in Mozambique, austral Africa]
Anyone else read the full page article on page 5 of yesterday's Times on Phil Edmonds? Not a good write up, implying corruption across Africa. Could this be why he stepped down as Chairman? Wish I'd never got involved in one of his companies....
Congratulations to Adrian Simpson., Managing Director of Tropical farms, on
behalf of AGRITERRA, for providing such a comprehensive range of help and
support during the EBOLA outbreak in SIERRA LEONE - A truly outstanding
...following the acquisition of 1,500,000 Ordinary Shares on 3 September 2015, Mr. William Philip Seymour Richards is now interested in 54,000,000 shares, representing 5.09% of the issued share capital and voting rights of the Company. The legal title is held on Mr Richards' behalf by his nominee, Fitel Nominees Limited.
Always nice to have a bigger boy coming and keeping you company in a tiddler!
Not invested here but have a fair bit in Afriag. I was conscious no one else was posting on the Afriag board but I notice no one here either, on a regular basis
Afriag have investment here so thought I would take a look, see if anything is happening
I noted that Tropical Farms Ltd are a subsidiary and one their web page they state that training is ongoing to improve fertility of land. It says that 'under brushing' is a practice. Didnt know what that was. A quick google suggests brush mixed with goat excrement. Presumably that is the manure of the region. I was thinking that would take some time to break down, but then in the African heat I dont suppose it would. Then it occurred to me that never have I seen any worm culture/farms to do with African agriculture. I wonder why not. I would have thought it would be ideal for chomping down on brush and goat excrement, or anything mixed. It would seem to me to an ideal 'farming' companion in Africa to get rid of waste. Personally I cant see why we dont see it more in the UK. They eat nearly anything and it all just gets tipped onto the garden or into the bigger compost bin. Worm farming surely would do well in Africa as an inexpensive enterprise to start up
I had a quick ponder on potash etc and was thinking on AFPO as in, wonder if they will be taking to adding fertiliser as part of the ongoing training and fertiliser programme
I considered all the mining that might have to be done, and the cost. Agriterra are involved in cocoa beans. Potash is an organic by product of the cocoa husks. I see from looking around that local growers (of the cocoa bean)are involved. I wondered how much training and or funding, they are being given to turn those husks into potash, and therefore an extra income stream
Again, a quick google shows that the organic potash may be preferably to the mined. I suppose it would be volume that would be a problem. For small growers, it would be a bit of value added. Put that with a few tiger worms, and a whole new soil fertility. Sure its not that simple otherwise it would be happening already
Anywayze, its curious why Agriterra sp is not doing so well, As good as Afriag it would seem, yet it is an established company. Agriterra is aligned to Mozbif which in turn is aligned to Vanduzi, which in turn is aligned to Gatsby foundation which in turn is aligned to Sainsbury foundations
Yes and I think Agriterra is only being valued on it's Beef division of the business. This appears the most promising.
It's still not at critical mass yet, the more retail outlets they open the better. The abattoir is running at around 10% capacity. (In 6 months it processed 2313 animals, 386 per month out of a monthly slaughter capacity of 4000). But showing good growth.
I think the Cocoa and palm oil have been a distraction and possible waste of money at this stage. Something we won't see revenue from for 3-5 years or maybe longer given the terrible Ebola out break. I get the feeling of being spread to thinly with all these different projects. Get the core money making business in shape and profitable, then look to branch out.
March 17, 2015
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