GREY:SMBZF - Post by User
Comment by
smarter_of_moron_idiot_imbecileon Aug 26, 2012 12:53pm
188 Views
Post# 20261979
RE: Story from early July
RE: Story from early July read carefully:
[" Simba Energy (SMB.V) has it’s principal asset in Kenya backed up by another in Guinea and potential assets in Mali, Ghana and Liberia. On June 12th Simba announced a very positive independent resource report concerning its 100% owned Kenyan asset in anticipation of which its shares reached yearly high of
.27. A subsequently published Ubika Research report valued Simba at
.81 cents per share. Yet since that time the share price has fallen dramatically to a Friday close on
.135.
On Friday a series of complaints to the Ontario Securities Commission commenced in relation to trading patterns with an emphasis on Simba Energy.
There appears to be no logical reason to explain the recent trading activity concerning Africa Oil, Vanoil and Simba. It may be prices have been driven down for good reason in that farm-in arrangements are potentially imminent for all three companies. In addition it stands out that none of the international majors has a foothold in on-shore East African assets it may be that takeover activity is on the horizon.
"]
i.e. I would not be surprised if Simba is wholely bought out within weeks as we speak!