Afriag Update.

Its interesting how things tend to pan, since I wrote my last piece on AFRIAG about an interesting 4 weeks, we did indeed have an interesting 4 weeks. We had the announcement of a new 100% owned division called Afriag Marketing. We had the cancellation of YA funding deal and a direct placing.

What has gone before with Afriag has been all about creating foundations and supports. We are now entering the next phase which is phase 1 of value.

Phase 1 of value will happen over the next 4 weeks again in my opinion, we have the first true trading update on Afriag SA which AFRIAG have committed to delivering, this will include the new important Mozambique contract and will be enough to give us the first clues as to how profitable Afriag SA should be. I am confident Afriag SA will be on course for 1m profit by the end of the year. BTW isn’t that it will make 1m in 2014, but that by Dec 2014 it will be creating at least £100k a month profit.

I am also expecting news on new contracts and new truck expansion. This will be the first official 6 month detailed trading update form Afriag SA do not underestimate it !

Over the 4 week time period we also have the official creation of Afriag Marketing. Now Lenigas and Strang are two of the busiest Directors in the small cap world, why on earth would they create a new small cap company that pays them no wages…..Its very clear that there is a detailed plan for this company and both men can see pretty quick, maybe even immediate business for it. Expect it to be launched with much publicity and lots of noise from David.

Now we can have a bit of fun.

We have Polemos, which has Lenigas and Strang on its BOD, which in June when Afriag raised its money and announced the creation of a new company, also raised money and has the investment line of “There are no restrictions in the type of investment that the Company might make nor on the type of opportunity that may be considered”.

We have Afriag Asia (thanks Phil who has been researching it). Set up by various funds and from my understanding, owned from the British Virgin Islands. Mr Lenigas is no stranger to working with, buying or dealing in the BVI, Just ask REM and some of its holdings companies.

We have Viking Fisheries that I have been told are expanding in this Asia and the middle east and might have discussed with some interesting South African’s.

Make no mistake David wants Afriag to be a large global player in an industry worth hundreds of billions.