UK 17:51 Sunday, 20 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
This is very very simple. I shall state the known facts about Marsden Resources Ltd. And then Jabba The Hutt can explian this all away either by twitter or with an RNS for Afriag (AFRI) or direct to AIM Regulation. Big Dave it is your call.
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Comments
boggle
open corporate shows IOM company was a branch of a BVI company, that may be the one still in existance
boggle
no time for more research at moment but Marsden resources is or was owner of 43,333,334shares in UKOG as separate stake to lenigas holding.
BRITTA
It’s not just AfriAg plc
David Lenigas and Marsden Resources are both listed on the UKOG shareholders register in the 2013 Annual Report (p8)
http://www.ukogplc.com/ul/Annual%20Report%20&%20Accounts%202013.pdf
Needless to say there no note to indicate that there is any link between the two.
Note that Lenigas was Chairman of UKOG at the time and signed off this Annual Report.
DUCK AND DIVE
At last we’re getting down to the nitty gritty…
Marsden Resources was also a bargain-basement investor in UKOG, btw. Anyone smelling an Aussie ponzi yet…?
Don’t ignore Eastland Investments Limited and Amberdays Limited. This still has plenty of legs. Fatty (and his concert party) may be forced to put in a bid to buy AFRI…and others.
Gary Newman
Duck and Dive,
Starting to look a bit like all the inter-linked companies that were associated with another Aussie favourite, RRL and OKAP Ventures! Although in that case it was more pass-the-parcel with the assets, with lots of billing for advisory services along the way to facilitate that!
Scampi
c/o Solo Oil Plc….. http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=54445774
DUCK AND DIVE
@Gary – yes, it’s the roo smokescreen again.
What AFRI shareholders will be most concerned about is where did their money go? Where did the £1.3m go and where did the extra £2m go if the 188m shares were dumped at the pumped price?
Did any of it end up in Fatty’s pouch or in PdR’s back pocket? Or did it get laundered around the Lenigas empire – some of it maybe even on call to AFRI to delay the fundraising that TW is touting? Or maybe Fatty is using some of it to fund his recent showboating AFRI share purchases…
Follow the money.