Share Name Share Symbol Market Type Share ISIN Share Description
Aerte Grp LSE:AER London Ordinary Share GB0002683034 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.125p 0.00p 0.00p - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 0.4 -2.7 -1.0 - 0.48

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DateSubject
24/9/2016
09:20
Aerte Grp Daily Update: Aerte Grp is listed in the Industrial Engineering sector of the London Stock Exchange with ticker AER. The last closing price for Aerte Grp was 0.13p.
Aerte Grp has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 383,172,890 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Aerte Grp is £478,966.11.
16/6/2003
14:52
sharestriker: will they therefore reduce in share price when they transfer to aim
13/6/2003
13:24
energyi: Here are my figures... As Revised (per Ofex) AER.L: Shares Outstanding....: N.A.V.. / share : Price +MkCap At 05/31/2003.....: 34.2 Mn? :£?????mn / xx.xP : 8.75P=£ 2.99mn Placements: Jun.03: at 6.00P. : 23.3 Mn? :£ 1.40mn / Estimate (Min.£1.25mn) TOTAL : Apr.2003. : 57.5 mn? :£ x.xxmn / xx.xP : 8.75P=£ 5.03mn ... There must be Shedloads of warrants/options outstanding
11/6/2003
13:39
energyi: NEWLY added to AIM: (on or around 25th June?). Recent: AER 8.25p-9.25p Mid: 8.75 (p) = Market Cap: £3.00 million H:15.5 /L:6 Three Month Chart Three Year Chart Chart channels Add later? - - Profile: AER - - African Eagle Resources plc, formerly Twigg Minerals plc, explores for and develops gold and other mineral resources in eastern and southern Africa. African Eagle's objective is to build asset value by using its strengths to explore for and develop mineral deposits. The Group's board and management team has experience in exploration and mining, excellent local knowledge of the region, a high-tech approach to exploration and an up-to-date understanding of the geology and economics of mineral deposits. Members of the team have prior track records of taking an exploration company from startup to takeover by a major mining group, and of taking projects from grassroots through evaluation and feasibility into operation. The Group is a cost-effective, low-overhead explorer and to date has applied more than 80p of every £1 directly to exploration. The Group's strategy is to identify and acquire promising licence areas, to evaluate their potential quickly and cost-effectively and to add value to resulting discoveries. The Board intends to realise the value of its discoveries through sales to, or joint ventures with, major mining companies. The Group is currently in partnership with Goldfields on its Miyabi project in Tanzania and with Avmin on its Lunga project in Zambia. ... In July 2002, the Company acquired Katanga Resources Limited which brought five prospective projects in Zambia into the Group. PROJECTS Main Projects: Miyabi http://www.africaneagle.co.uk/projects-miyabi.html Miyabi is a shear zone gold system covering an area of approximately 7km by 2km, discovered by the Group's geochemical prospecting team in late 1999. AER's geophysical, geochemical and geological surveys have revealed a number of gold-bearing structures within the area, of which five have so far been investigated by drilling. Although only a small part of the system has been drilled to date, the Group has determined an inferred gold resource of 2.2 million tonnes grading 2.13g/t, containing over 140,000 ounces of gold. The Directors believe that there is excellent potential to extend this initial resource by further drilling. - - - - - DIRECTORS' INTERESTS.. NUMBER Pct% John Park (Note 1). 3,108,467 9.08% Mark Parker........ 2,086,087 6.09 Chris Davies......... 191,667 0.56 Euan Worthington...... 75,000 0.22 Herman Oehl.......... 700,000 2.04 : Total:18.0% OTHER SIGNIFICANT SHAREHOLDERS Orogen Holding(BVI) 6,903,703 20.2% : GoldFields sub., last at 10P Mr R. B. Rowan..... 3,043,286 8.89 : see Note3 JPMF Natural Res.Fd 2,750,000 8.03 Mr R Brown......... 1,477,319 4.32 Tiger Resource Fin. 1,241,714 3.63 Kona Konsult Establ.. 948,360 2.77 AER.L: Shares Outstanding....: N.A.V.. / share : Price +MkCap At 05/31/2003.....: 34.2 Mn? :£?????mn / xx.xP : 8.75P=£ 2.99mn Placements: Jun.03: at 6.00P. : 23.3 Mn? :£ 1.40mn / Estimate (Min.£1.25mn) TOTAL : Apr.2003. : 57.5 mn? :£ x.xxmn / xx.xP : 8.75P=£ 5.03mn There may be Shedloads of warrants/& options outstanding Asset Cost/ Valuation........:?-Guess-? (purely guesswork: not reliable) Cash (after AIM listing exp?):£ 1.00 mn :Raised maybe £1.4mn, cost:£0.4mn? Miyabi (T: 90%.Au with Gflds):£ 1.00 mn :140K oz.$12x90%= $1500K Sasare (Z:100%.Old Au mine..):£ 1.00 mn :old mine: IOCG deposit? Mkushi (Z:100%.Cu.Au Deposit):£ 1.50 mn :30Mt at 1.23% reported Others in T. and Z.......... :£ 2.50 mn :& Further Potential? Total Guess-timated Value... :£ 7.00 MN / 57.5= 12P w/o Dillution = = = - - COMPARABLE?: Tan Range?: - - - Expect for the Very High Mkt.Cap on TNX... C$1.57 x 73mn= C$115mn /1.34= US$ 86mn website: http://www.tanrange.com/s/Home.asp Similar strategy & location: 11 projects under option in Tanzania to Barrick Gold including Itetemia where the company has already expended approximately $4 million. Itetemia is ADJACENT to: Barrick's 16 million ounce Bulyanhulu mine. TNX.t: Shares Outstanding....: N.A.V.. / share :xPrice= MktCap At 05/31/2003.....: 72.9 Mn? :C$xxxxmn / xx.xP :C$1.57=C$114.5mn Options & Wts.: EndMay: $0.50-0.65: 11.5 Mn? :C$ 7.1mn / If exercised TOTAL : FullyDil. : 84.4 mn? :£ x.xxmn / xx.xP :C$1.57=C$132.5mn Asset Valuation, w/FullDil...: Cash, option &wt.exercise....: C$ 7.1 mn: Above Strike, see above Itetemia (JV with ABX).......:C$ xx.x mn: Other (JVs with ABX).........:C$ xx.x mn: Tulawaka (JV with No.Mining).:C$ xx.x mn: Other (JV with No.Mining)....:C$ xx.x mn: Says it all? BB posting: Folks, IMHO, those who sold today have no idea what TNX is all about. The co is not producing gold, so why would a drop in the POG make a someone automatically sell their shares? I do understand that people want to preserve their capital but if you sold for any other reason, I hope you do get a chance to buy back = = = = = = = = LINKS: AER Website: http://www.africaneagle.co.uk/ Twigg Threads: http://www.advfn.com/cmn/pbb/search.php3?option=1&keywords=twigg&creator=&epic=&go=Search+Discussions Thread on AER with Press Releases: http://www.advfn.com/cmn/fbb/thread.php3?id=2930379 OFEX: Homepage : AER Update
10/2/2003
21:34
bankside investments: Date : February 11, 2003 African Eagle Makes Encouraging Progress At Miyabi JV With Gold Fields In Tanzania. It takes people time to get used to a change of name so African Eagle still does not slip off the tongue as easily as Twigg Minerals. Change of name or not, this company had an up-and-down year in 2002. A year ago outlines of two crucial deals were agreed at the annual Indaba mining conference in Cape Town and these were the joint venture with Gold Fields on the Miyabi project in Tanzania and the acquisition of African Eagle with its five projects in Zambia including a jv with Avmin. As a result Twigg, now African Eagle, wanted to promote itself to AIM and raise some more money. Unfortunately the tail end of 2002 was not a great time for corporate activity in London's mining sector following the demise of Navan Mining and the collapse of the Minmet share price and African Eagle's broker, Hoodless Brennan, had problems of its own. The company therefore put its plans on hold and is now waiting to see if London has recovered its nerve and is prepared to back exploration stocks. Certainly there is money for these in Canada and to a lesser extent in Australia, but London is seeking advanced projects, preferably within a year or so of actual production. As investors get used to the new price regime in gold more funds will start to take an interest and this will encourage private investors. At the moment, however, brokers are remaining wary of taking on new clients. This is not a great problem for African Eagle as it is already listed on Ofex and is preparing to raise a modest amount of money with some help from Loeb Aron. What it really needs to do is get its share price moving in token of the real potential of its exploration portfolio in Tanzania, Zambia and Mozambique. The latest news from Tanzania where African Eagle is exploring the Miyabi project in collaboration with Gold Fields is very encouraging. Gold Fields has an initial right to earn up to 51 per cent of the project by completing agreed work programmes and expenditures to a total value of £ 1.5 million. Subsequently Gold Fields can earn up to a total of 70 per cent of the project by completing a bankable feasibility study to a maximum value of an additional US$ 10 million. Although it is a feather in any junior's cap to have such a partner, there is always the problem that a major works to its own agenda. Big companies want big deposits. Gold Fields is an excellent partner and very meticulous, but it is hunting elephants and is not interested in releasing news on early resource estimates as a junior has to do to keep the attention of its shareholders. In its last Annual Report Gold Fields divulged the parameters it sets itself for any exploration project in which it becomes involved. These targets are known as the 'Stategy of 2s' as the projects have to have a minumum of 2 million ounces of reserves, production rates greater than 200,000 ounces/year, a payback of capital investment within 2 years, a double digit rate of return and a commodity price 2 x the cash cost of production. This is a demanding agenda, but if achieved at Miyabi the project would be a company maker for African Eagle provided it could maintain its interest when contributing the required development capital. It is still early days at Miyabi, but the Lake Victoria gold field on which it is situated is a prolific gold district. At the moment African Eagle is just starting a second programme of shallow drilling.. The drill targets have resulted from its multi-element soil geochemical survey over the gold mineralised areas. These surveys, and the use of relatively low cost shallow RAB and aircore drilling together with continuing geological mapping, will provide a much better overall understanding of the numerous gold-bearing structures within the Miyabi licences and enable the identification and prioritisation of drill targets for a subsequent resource definition drilling programme which will involve deeper RAB and diamond drilling later this year. The current drilling programme is designed to sample the weathered greenstone below the thick iron duricrust which covers a large part of the gold field and tends to conceal gold mineralisation from geological and geochemical surveys. What has already been established from earlier drilling is that the bedrock gold mineralisation extends through a major part of the previously identified 7 kms geochemical anomaly and a large number of good gold values up to 6.94 g/t have been obtained. Clearly the partners have been encouraged by this progress and African Eagle will soon announce that it has acquired a significant number of new licences around what it described as this "area of interest." It would surely only have done this with the approval of Gold Fields.
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