456 – DekelOil, Iofina and Alecto Minerals
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DekelOil is a large-scale palm oil production operation, located in the Côte d’Ivoire / Ivory Coast. The company’s extensive agricultural and oil palm processing infrastructure includes a computerised oil palm nursery with a capacity of 1 million plants per year, supply agreements covering 27,000 hectares of local oil palm estates, 1,886 hectares of company plantations and a 60-ton per hour FFB processing mill.
Alecto Minerals is an African focussed, gold exploration and development company quoted on AIM, with projects in Zambia, Mali and Burkina Faso. The Company has a clear vision: to rapidly become a gold producer in Africa.
CEO and President of Iofina (IOF) Tom Becker talks about the progress they’ve made during Q1 of 2016.
Iofina plc is involved in the exploration and production of iodine, iodine specialty chemical derivatives, produced water and natural gas. Iofina’s business strategy is to identify, develop, build, own and operate iodine extraction plants currently focused in North America based on Iofina’s WET® IOsorb™ technology.
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Each week you could win free cash just by correctly guessing what the price of Brent Crude oil will be at 12pm on Friday. Submissions end on Thursday at 4:30pm.
TODAY’S, “STOCK WITH POTENTIAL”
Is suggested by: Watermelon
What’s the name AND ticker symbol (include both please) of the stock with potential?
Galileo Resources #GLR
What does the company do?
Explorer and developer of copper mines
How many shares does the company have in issue?
What’s current price AND market capitalisation (it has to be less than £50m) of the company?
1.05p – £2m
How much cash or debt does the company have?
No debt – not much cash
List three reasons why you think this company has potential.
1. Around a billion dollar of resources underground
2. Selling their interest in a JV for $4m
3. 35% free float with CEO Colin Bird holding 25% of theach company
Do you know of a stock with potential?
If so I want to hear about it.