₦airaland Forum

Kaczynski:
1 million is too small

Mpeace:
Only N2 billion? That is half of Agba's portfolio

Sunrisepebble:
You’re still in this Oando

ogawisdom:
One line of my biggest stock market investor, Warren Buffett is important at this period -

Be cautious when optimism is wild and be greedy when everyone is fearful.

nosa2:
Some people need to hold the bag na.

Ginalex:
Nahco my whole heart

mikeapollo:
Yeah, I agree.
But USA is a unique case, not a very good example of sovereign debts. They have the singular privilege of the debt being denominated in their national currency. So they do not necessarily have to produce and export before they can repay. They can virtually decide to print the dollars and use it to pay their debts. (theoretically speaking, quantitative easing).
So no country should ''farawe'' or do follow follow with US on foreign debts

Mpeace:
Na to look for another thank to buy. No dulling, No time to check time.
The Acquisition must continue, to ...ell with share holders.

mikeapollo:
The effects and implications of borrowings are not exactly the same for a sovereign (national govt) and a corporate entity.

mikeapollo:
Kindly reconfirm: I am seeing Oando did +1.65% today on some other platforms, including Stock bubbles

deathwing:
Abeg why do the bids and offers disappear at around 2:20pm even though trade is ongoing. Sometimes you set a trade at this time and it immediately REJECTS. Is it an NGX thing or cardinal stone thing?

Agbalowomeri:
Is this an hour delay in data feed that I'm seeing or na my palm wine eyes?

Agbalowomeri:
Is this an hour delay in data feed that I'm seeing or na my palm wine eyes?

SonofElElyonRet:
$20m... Drawdown over 3 year period i.e 2024 to 2027

Dug up below

Lagos, Nigeria, August 15th, 2024 - Japaul Gold and Ventures plc. (JAPAULG.O.NL) announced today that it has secured a capital commitment of $20 million in the form of a Share Subscription Agreement (SSF) from Gem Global Yield LLC SCS (GGY).

Under the terms of the agreement, Japaul Gold will be able to draw down funds by issuing equity shares to GGY for a three-year period. The Company will control the timing of such draw downs and has no minimum draw down obligation.

Japaul Gold is previously known for providing offshore support services to the oil and gas industry and in the Nigerian oil and gas sector. It is now into the exploration and production of gold, tin, and copper among other critical minerals.

This $20 million proceeds from GEM's commitment to complete ongoing mine acquisitions and begin production of gold, copper, lead and zinc mines at Eti-Oni, in Osun State; Northern Nigeria, and other gold mines at Taruga District in Taraba State, Nigeria.

"We are very excited by the GEM commitment as it offers opportunities to scale up our operations and efforts in engaging in the global market space," stated Mr. Jegede Paul, the Chairman of Japaul Gold.

SonofElElyonRet:
They have mining licenses and gold, etc reserves in huge quantities. No need for prospecting. Just commence mining. Also they have road map for gold refining. With funds they'll start mining and refining... So yes they're existing mining company!

mikeapollo:
You are looking for trouble oo!
Why not let you and I face our own territory?

SonofElElyonRet:
They can take up shares in already existing mining companies instead of starting afresh. Quick profit delivery. Doesn't also stop them from having their solely owned company. Oju Orun to eiye fo

dapix:
Ding!!!!

Coolcash1:
Glad I made this decision.

Funds invested in gold and silver. Made huge returns I won’t have in years on NGSE.

Be a smart investor and not a dummy that confines himself only to a single market. Capital flows to where returns are guaranteed and risk rewarding. Practice portfolio rebalancing and asset diversification.

FYI: it’s still not late to join the precious metals bullish run as it’s about gathering momentum for another leg up…Silver expected to hit $500/ounce whilst it’s big brother projected to end the year at $8000/ounce.

Enough said!

SonofElElyonRet:
UAE to invest tens of billions of dollars in Nigeria over the next few years including the mining sector.. Japaul should be seeking some of these mega dollars

jonnysessy:
It has been long i have been waiting for Zenith movement. But, it is just trading side ways. To think that i sold my Vitafoam at N80.00 to enter Zenith @ N68 in August was not a very good move. If not for scarcity of fund, it doesn't make sense to sell stocks to buy stocks. Every stock have their time.

jonnysessy:
Dividend #1 landed ( NIDF). Waiting for corporate disclosures. This is dividend season.