Akwaaba Mining Ltd V.AML

RE:First payment $200,000.00 Received May 01, 2017.

[MarkJagr]

First non-refundable deposit/payment is transferred. Valuation of company remains unchanged compared to pre deal announcement !!

1. The deal values the company (or Ghana assets) at 4 cents per share, price is 2 cents on seller side and 1.5 cents on buyers: not a single share traded since May 5....  
2. What about the "write down" of the Ghana asset of 13 million in the last SEDAR annnual report,  is it a deferred tax break that will remain with CAP or included in the deal?
3. No mentioning of what CAP intends to do with the proceeds from the sale.

[Bookends]

I would think the board is working at signing a definitive agreement... and would expect it to go up when they receive the second payment (2 050 000 USD)... I'm not sure what is going on with trading on this one.. I purchased shares yesterday at 2 cents... Never showed up anywhere, but the shares are indeed in my account. At this point, there is really interesting value to catch.  

[MarkJagr]

Agree with you guys. This should be worth 4 cents CANADIAN if liquified and after Darren gets his $250k owing back.     Yes lousy PR: The new thing is that the deal to sell the Ghana assets is FINALLY a done deal. I thought that was done 14 days after the meeting Oct 19 ?!?!? However, all options are as per the decisions made on Oct 19 at the shareholder meeting, nothing new

[Bookends]

Agreed... I personally thought the close occured in November as per the last PR on November 2nd... What is annoying here is that the SP will probably pull back to 2 cents within a week and linger there for another 6 months untill they decide WTF they want to do... Huge waste of time and it definitely eats away on the annualized return... I'm surprised it couldn't have traded to 3 cents

[MarkJagr]

I'm hoping for liquidation of all assets. Even if it lingers on, there is only one person on payroll: the accountant. Risk is of course: linger on and let it sink to 1 cent and the insiders buy it back from the NEX. When everyone else has given up. But, i am positive until this Friday Closing of the Venture Exchange. I believe we will have a solution within this week.

[Bookends]

Not sure I follow you Mark, You think they will announce a liquidation by the end of the week???? I'm not sure there is a risk it will drop to 1 cent over time, but I think it will drop to 2 cents and sit there for another 6 months while our cash is locked in this.  Then the liquidation process, in and of itself, is another 1-2 years... Having to get tax clearance certificate and all..