Man.Assd.Csh Share Discussion Threads

[hyper al] 15/10/2009 08:29

new thread for African Aura Mining Inc (AAAM

[maccalondon] 15/10/2009 08:26

I have a 700% rise today on my iPhone to a share price of 61; nice!

[chipperfrd] 14/10/2009 18:31

Chris,

The price of the shares closed at 61.6p.

The new EPIC code is AAAM

The new name of the combined company is African Aura.

Chip

[chris nuttall] 14/10/2009 18:27

Ok not understanding this, if the dillution is 8 to 1 then surely the new share price should represent 8 x the old share price?? If the price stays the same then we might as well have ripped up 7 old shares just to get where we are now.

Can someone please explain to me how this is shareholder value, shouldn't the new shares have been rerated.
Thanks in advance Chris Nuttall

[hero2] 14/10/2009 15:29

all completely beyond me,I'm afraid

[hyper al] 14/10/2009 15:22

I have created a new thread for African Aura Mining Inc (AAAM

[hyper al] 14/10/2009 15:13

I can't find the thread

I thought the epic was AAAM, but when I do a search for this, I can't find it.

Can someone give me the link?

[haff1] 14/10/2009 15:08

...anyone on the new thread?

[haff1] 14/10/2009 13:57

...yep thats what has happened....sorry.

[rich1967] 14/10/2009 13:55

My account shows the same quantity as before. Perhaps it hasn't updated properly yet.

[haff1] 14/10/2009 13:51

...there was an 8 to 1 tranfer to the new stock.....you have 1/8 of the shares you had in Mano...

[newswseller] 14/10/2009 13:51

Well all my MANA shares have gone from my TDW account and no new AAAM shares have been added?

[rich1967] 14/10/2009 13:49

Sorry if I am a bit dim but I now seem to hold the same number of shares in AAAM that I held in MANA, but the price is now 61p rather than 7.5p, so my total holding is worth eight times what it was yesterday.

Is it time to crack open the Champagne, or am I missing something?

[haff1] 14/10/2009 13:42

...Is anyone creating a new thread for AAAN?...

[haydan] 14/10/2009 10:00

all open now

58-62

(which equates to 7.25-7.75)

[chipperfrd] 14/10/2009 09:50

JJ,

I am assuming Unionhall will create a new AAAM thread. If not, I will.
Chip

[josels] 14/10/2009 09:46

to sell now 0.08, ie has gone up.

[jonny flame] 14/10/2009 09:25

Here we go fellas;

[jungle jim] 14/10/2009 08:31

ADVFN doesn't seem to recognise AAAM yet, according to my Barclays account I now hold AAAM at 6.75 to sell, 7.75 to buy. Would any premium user like to start a thread and bung the chart in it?

[haydan] 14/10/2009 08:12

just looked at this for the first time in a while

MANA is no more
am i to undersatnd its AAAM now and its an 8 for 1 consolidation
so on yesterdays price of 7.5 p we hope to open at 60p

suspended at the opening pending an announcement

[miamisteve] 13/10/2009 19:21

AMI is now valued at £850m. I expect if things go to plan that this will be over £200m.

[jonny flame] 13/10/2009 16:38

Thanks miamisteve - I'm planning on being involved here for the long term, I see substantial value in AAAM, like you. I currently only have a few k invested.

You say a valuation of 50p, that implies a market cap of over £150m (please correct me if I am wrong).....I agree and in fact see a £200m plus company here, come 2010. This might sound ridiculous to some, but look at how quickly AMI rerated and the current market cap of that company.

Perhaps they will do the IPO for Stellar Diamonds?

[miamisteve] 12/10/2009 20:36

Post Merger Strategy
On completion of the Transaction, the initial focus of the englarged group will
be on creating value by advancing the New Liberty Gold Project towards
production and the completion of a 27,000m resource drilling programme on the
Putu Project. In parallel, the merged company will continue the cost effective
exploration of its portfolio of gold and iron projects in Cameroon. Where
appropriate, cost and risk sharing joint ventures will be undertaken on projects
which require either significant capital or in which the board of the merged
company is unwilling to invest additional funds or human resources. Further
merger and acquisition opportunities in sub- Saharan Africa will continue to be
assessed as part of the merged company's broader long term strategy to become a
leading diversified resource company in Africa with robust gold and iron
divisions.

[miamisteve] 12/10/2009 20:20

Jonny - not sure exactly, but judging by Putu and comments from the company I wouldn't be surprised if they went down the route again of a joint venture.

In the presentation on the website they have a number of comparable valuations for New Liberty and Putu. page 22. The Putu figure is very misleading as the don't state that MANA own only 38.5% of the project. Taking African Minerals who are targeting 10bn tonnes and mana at 5bn (x.385) would give a 40p valuation solely on Putu.

New Liberty compared to its peer group would then add a further 8p.

Cameroon? Would prop the share price to over 50p fair value.

I called the company last week to ask why Stellar Diamonds was not on the website. They said that it is still part of the company. I think it possible that it is going to be sold.

[jonny flame] 11/10/2009 18:29

In regards my Q3) I found the following info from the Evolution Securities, 4 February 2009 broker note;

"The feasibility study estimated capital costs of US$59m including US$4.7m in
pre-production operating expenditure. The capital costs were based on an
open pit operation. Due to the lack of a power grid in Liberia, a heavy fuel oil
power plant has been factored in to the capital costs. The company is also
investigating the possibility of a mini-hydroelectric power plant, although this
remains in its infancy. The study determined that operating costs would
average US$320/oz over an 8 year mine life".

"Following the capital injection from the recent Severstal deal, we expect that
Mano will advance the project closer to production. Subject to completion of a
positive bankable feasibility we would envisage a 12-15 month construction
period to reach commercial production".