₦airaland Forum

bastardson:
Chai I dey stuck in Chams.. Aye mi Temi bami.. Olorun Omo Joseph

How are you stuck? The price has not moved up or down significantly so you can still sell at current price. The loss or profit should not be more than 10%, It's a question of whether you can enter another to recover the loss.
FWIW I am in chams but already offloaded 50% of my holding.

Valthegreat:
Abeg who is interested in CHAMS right issue let me sell my right to you at a discounted price?

How much? I may be interested

ojeysky:
Hmm....for ellahlakes there is a small Mill upcoming, what is upcoming for japaul I beg?

Gold mining and gold refinery... It's a journey for the patient but we expect small small news updates along the way. Make Jegede too do as Ellah that updated investing public

bastardson:
Chai I dey stuck in Chams.. Aye mi Temi bami.. Olorun Omo Joseph

That is all the more reason you diversify. If you lose in Chams, you gain elsewhere, it is two things: cut your loss (which can't be more than 10%) or you average down waiting for opportunity to exit. I was caught up in the web like that when Cutix gave 1 for 1 bonus. I bought expensive and shortly the price began failing, I continued averaging (it wasn't really easy). I am now an investor in Cutix. I am now at my cost price. Still holding on for a little gain before I exit.

Avoid Quickteller completely. They are Scammers and Fraudsters

SonofElElyonRet:
Gold mining and gold refinery... It's a journey for the patient but we expect small small news updates along the way. Make Jegede too do as Ellah that updated investing public

Where is the gold in real commercial quantity?

So finally, USA strikes Iran. And Iran that we all know will surely react one way or the other. Hmmm. Oil prices may rise, fuel prices may rise too.
I hope this does not have any effect on inflation, tc stability and our consumer goods stocks.

While it seems the effect of the Israel-Iran War will ean high oil prices we also must consider the ripple effect this has on a moneconomy like Nigeria that very much dependent largely on oil for its source of revenue.
Oil companies get to sell at high price but goods and services also rise cause this economy is susceptible to price shocks and America’s continued interest in the Gulf region.

The US striking Iran to me is UNCALLED FOR

bastardson:
Never seen someone speak with so much assurance as Loco..

I began to think he was the directors PA. Plus he talked about the units be bought. I believed him blindly ..

Lol you dey trust Loco mouth with your hard earned money 😂😂😂
Wahala be like......

mikeapollo:
It was reported in the FY2024 accounts that Oando had settled $400m out of the $525m loan it obtained from Afrexim bank.
If they are able to maintain and continue with the trend and pay off the loans consistently, nothing will stop Oando from bouncing back .
The main problem is the indebtedness
Anyone that wants to sell off can do so but just leave some units there because it will bounce back big.

But didn't you read that they took more loans from the same Afrexim bank or where did I see it sef

mikeapollo:
Where is the gold in real commercial quantity?

If truely there are mining taking place, and johnpaul has operational success ,these would have been good time to invest more due to increase in spot prices of gold and uncertainty caused by of US involving in iran war and it trade war with china, japan and EU.
Gold is XAU/USD 3368.75
Investing in Gold ETF will be better alternative.

. I remember having argument with people here about MTNN vs Chams, MTNN was there for you to buy at 100% discount, you go follow Loco.

bastardson:
Never seen someone speak with so much assurance as Loco..

I began to think he was the directors PA. Plus he talked about the units be bought. I believed him blindly ..

Mpeace:
So finally, USA strikes Iran. And Iran that we all know will surely react one way or the other. Hmmm. Oil prices may rise, fuel prices may rise too.
I hope this does not have any effect on inflation, tc stability and our consumer goods stocks.

It's expected joor. Iran shouldn't have threatened AMERICA. You know Trump isn't as calm as OBAMA and BIDEN. If they choose to negotiate good but if they continue with their threats or carry out any eh. Trump go show them pepper

Agbalowomeri:
But didn't you read that they took more loans from the same Afrexim bank or where did I see it sef

Yes, that shows they have the capacity to pay back and the business is viable.
No bank would give such new loans to a business without due diligence and some level of assurance that the business can pay back.
Oando will overcome the indebtedness butbit msy tskevdone time. Some loans were obtained fromtheir customers so will be setttled by sales of crude to them.

Sorry jst confirm is on Monday 23rd

mikeapollo:
Yes, that shows they have the capacity to pay back and the business is viable.
No bank would give such new loans to a business without due diligence and some level of assurance that the business can pay back.

I think so too

mikeapollo:
Where is the gold in real commercial quantity?

Check their website and see how large their gold deposit/reserve is. They have several sites by the way

fashionnisir:
If truely there are mining taking place, and johnpaul has operational success ,these would have been good time to invest more due to increase in spot prices of gold and uncertainty caused by of US involving in iran war and it trade war with china, japan and EU.
Gold is XAU/USD 3368.75
Investing in Gold ETF will be better alternative.

I am aware that gold etf is available on our stock exchange, but what about crude oil and silver etf on the Nigerian Stock Exchange?

mikeapollo:
Yes, that shows they have the capacity to pay back and the business is viable.
No bank would give such new loans to a business without due diligence and some level of assurance that the business can pay back.

But your premise is as though loans will soon disappear

mikeapollo:
Where is the gold in real commercial quantity?

"At present, Japaul has 5 Gold mines in Nigeria. We have 20,576kg (i.e 636,856 ounces - inferred) in GOLD RESERVE from 15% of exploration done on our licenced mines"

“Presently, Japaul has 637,000 inferred reserve ounces of gold, which worth $1.551 billion on its mining leases that it has acquired"

Agbalowomeri:
But didn't you read that they took more loans from the same Afrexim bank or where did I see it sef

Yes they took more.which is ok because it is tied to crude reserve. They have capacity to service it and pay back. The paid 400 million dollars in 5 yrs with low oil price. They collect 325 million for working capital

Agbalowomeri:
But your premise is as though loans will soon disappear

Imagine if oil price remains in the #75 dollars above for the next 5 yrs because Israel will still attack another country once you become a threat
Abi America fit attack China..lol
I hope you remember part of the big problem was the crash in oil price after the first loan. And over paying for the first asset by oando. I wonder how he came up with such valuation for the first acquisition....lol.
I still get oando I bought #18 then with my analogue broker ...100k units

Agbalowomeri:
Lol you dey trust Loco mouth with your hard earned money 😂😂😂
Wahala be like......

That dude is very good at marketing junk stocks.

SonofElElyonRet:
"At present, Japaul has 5 Gold mines in Nigeria. We have 20,576kg (i.e 636,856 ounces - inferred) in GOLD RESERVE from 15% of exploration done on our licenced mines"

“Presently, Japaul has 637,000 inferred reserve ounces of gold, which worth $1.551 billion on its mining leases that it has acquired"

we know that Gold as no devalution ,no deprication and less volatile than stocks, why is jp not Successful in increasing it share price to ₦5 . what are is operational problems and risk of default?

fashionnisir:
we know that Gold as no devalution ,no deprication and less volatile than stocks, why is jp not Success in creasing it share price to ₦5 . what are is operational problems and risk of default?

They should learn From Ellah and start to give news updates on their progress towards gold mining and refining.. that'll spike up the price

Hmm

Agbalowomeri:
But your premise is as though loans will soon disappear

Haba! How can loans just disappear? We all know it takes time to pay back loans.
Abi na you who is not ready to read and appreciate anything positive about the prospects of Oando?

GeneralDae:
Hmm

The Strait of Hormuz!

Strategic Importance
The Strait of Hormuz is a vital waterway connecting the Persian Gulf to the Gulf of Oman, playing a crucial role in global oil trade. It's a significant chokepoint for oil exports from countries like Iran, Iraq, Kuwait, and Saudi Arabia.

Geopolitical Significance
The Strait of Hormuz has been a focal point of geopolitical tensions, particularly between Iran and Western countries. The strait has been subject to various incidents, including naval confrontations and threats of closure.

Economic Impact
Any disruption to oil exports through the Strait of Hormuz can have significant economic implications, including:

1. Oil price volatility: Disruptions can lead to sharp increases in oil prices.
2. Global Economic Impact: Higher oil prices can affect economic growth, inflation, and trade balances.

The Strait of Hormuz remains a critical component of global energy security, and its stability is essential for maintaining a stable global economy.

EDUECO:
That dude is very good at marketing junk stocks.

Locotrader moves brought back with nostalgia a James Hardley Chase titled " Believe this, you believe anything "

Lesson learnt: Do your due deligince before you part with your hard earned money.

GeneralDae:
Hmm

Dem no fit. Where is the military capacity to enforce the closure? Just sabre rattling.. intended to project retaliation/power and not weakness

fashionnisir:
The Strait of Hormuz!

Strategic Importance
The Strait of Hormuz is a vital waterway connecting the Persian Gulf to the Gulf of Oman, playing a crucial role in global oil trade. It's a significant chokepoint for oil exports from countries like Iran, Iraq, Kuwait, and Saudi Arabia.

Geopolitical Significance
The Strait of Hormuz has been a focal point of geopolitical tensions, particularly between Iran and Western countries. The strait has been subject to various incidents, including naval confrontations and threats of closure.

Economic Impact
Any disruption to oil exports through the Strait of Hormuz can have significant economic implications, including:

1. Oil price volatility: Disruptions can lead to sharp increases in oil prices.
2. Global Economic Impact: Higher oil prices can affect economic growth, inflation, and trade balances.

The Strait of Hormuz remains a critical component of global energy security, and its stability is essential for maintaining a stable global economy.

SonofElElyonRet:

Dem no fit. Where is the military capacity to enforce the closure? Just sabre rattling.. intended to project retaliation/power and not weakness

one way or the other they will be forced to protect themselves for waterbody attacks ,so no free movement along that axis, anything that moves is taken down.