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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Afnat Resources | AFNR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.50 |
| Top Posts |
|---|
Posted at 17/6/2010 08:03 by rastapastamasta Hi GowboyI agree - plenty of potential here. Deal values each AFNR share at 2.8p based on yesterdays AXM closing bid of 0.09$CAD. I have started a board for AXM. Please will all posters use the new AXM thread from now on. rpm |
Posted at 11/6/2010 04:22 by techietrader Oooopss....I just bought into AFNR couple of days back on the day the JV was announced. But I had missed on the news of the exchange of Axmin shares. Now, I suppose we can trade in Axmin only from the 15th of June? Has anything changed fundamentally? Is this still a good hold? I hold a trading a/c with selftrade. Hope I will be able to trade in Axmin using selftrade. |
Posted at 09/6/2010 10:18 by martinfrench gowboy,you have a few of my shares that are similar....bao, gcm, afnr...do u hold rrl as well? |
Posted at 21/5/2010 14:23 by rastapastamasta So the listing of CDC on AIM (due 7/5/10) has been deferred. Noone at Fox Davies Capital who can discuss this at present. Presumably there were not enough investors in the IPO? If so, presumably this means that AFNR's assets are worth less than when Axmin first proposed the TO?It is reassuring to note from Marben's post that AFNR can provide political influence in addition to funds. rpm |
Posted at 20/5/2010 15:04 by rastapastamasta Not sure about that encarter. Most of the AFNR exploration licenses look uninspiring. The shares in KAH (from URU divi), and in CDC look like they will be used to fund AXM's prize asset - the gold license in CAR.I have not been able to find any details fo the CDC IPO/ admission to AIM. Does anyone know if this has been completed? TIA rpm |
Posted at 12/4/2010 08:01 by cliley454 AFNR research.Assets. Mitaba nickel prospecting licence, Zambia - £? This licence has only recently been renewed and is now ready to move forward. Mavita nickel project, Mozambique - £? "The Board is eager to move ahead with its exploration projects in Mozambique and Zambia." 51% stake in 5 licences to explore for and mine uranium in Zambia - £? Joint venture partner Zambezi Resources 49%. Afnat has spent $3m+ on these licences to date. Investment in Copper Development Corporation - £1.8m This was a private placing and once CDC become a listed company the value of this investment will increase considerably. CDC plan to list Q2 this year. Cash and marketable securities £9.75m. This includes 11.7% of Niger Uranium (URU) who hold 13.6m KAH shares and intend to distribute the majority to shareholders shortly. This gives a conservative valuation of £12m or 3p a share. This is before any expected developments. Then along comes Axmin (TSX: AXM). They've put in an offer for AFNR at 1 AXM share for every 2 AFNR shares. Today AXMs bid stands at 0.115c which converts to 7.5p. 1 for 2 gives an instant return of 3.75p. However AXM holds multiple world class gold plays in central and west Africa, which they are building a war chest to develop. The year high is 0.15c = 5p per AFNR share. 3 year high is over cd$1.00 = 30p+ per share. Downside from here is zero upside is massive. |
Posted at 09/4/2010 08:33 by cliley454 The market is finally waking up to these so here's the research update for anyone looking at these for the first time.AFNR research. Assets. Mitaba nickel prospecting licence, Zambia - £? This licence has only recently been renewed and is now ready to move forward. Mavita nickel project, Mozambique - £? "The Board is eager to move ahead with its exploration projects in Mozambique and Zambia." 51% stake in 5 licences to explore for and mine uranium in Zambia - £? Joint venture partner Zambezi Resources 49%. Afnat has spent $3m+ on these licences to date. Investment in Copper Development Corporation - £1.8m This was a private placing and once CDC become a listed company the value of this investment will increase considerably. CDC plan to list Q2 this year. Cash and marketable securities £9.75m. This includes 11.7% of Niger Uranium (URU) who hold 13.6m KAH shares and intend to distribute the majority to shareholders shortly. This gives a conservative valuation of £12m or 3p a share. This is before any expected developments. Then along comes Axmin (TSX: AXM). They've put in an offer for AFNR at 1 AXM share for every 2 AFNR shares. Today AXMs bid stands at 0.095c which converts to 6.2p. 1 for 2 gives an instant return of 3.1p. However AXM holds multiple world class gold plays in central and west Africa, which they are building a war chest to develop. The year high is 0.15c = 5p per AFNR share. 3 year high is over cd$1.00 = 30p+ per share. Downside from here is zero upside is massive. |
Posted at 08/4/2010 08:02 by cliley454 AFNR research.Assets. Mitaba nickel prospecting licence, Zambia - £? This licence has only recently been renewed and is now ready to move forward. Mavita nickel project, Mozambique - £? "The Board is eager to move ahead with its exploration projects in Mozambique and Zambia." 51% stake in 5 licences to explore for and mine uranium in Zambia - £? Joint venture partner Zambezi Resources 49%. Afnat has spent $3m+ on these licences to date. Investment in Copper Development Corporation - £1.8m This was a private placing and once CDC become a listed company the value of this investment will increase considerably. CDC plan to list Q2 this year. Cash and marketable securities £9.75m. This includes 11.7% of Niger Uranium (URU) who hold 13.6m KAH shares and intend to distribute the majority to shareholders shortly. This gives a conservative valuation of £12m or 3p a share. This is before any expected developments. Then along comes Axmin (TSX: AXM). They've put in an offer for AFNR at 1 AXM share for every 2 AFNR shares. Today AXMs bid stands at 0.09c which converts to 5.9p. 1 for 2 gives an instant return of 2.95p. However AXM holds multiple world class gold plays in central and west Africa, which they are building a war chest to develop. The year high is 0.15c = 5p per AFNR share. 3 year high is over cd$1.00 = 30p+ per share. Downside from here is zero upside is massive. |
Posted at 06/4/2010 13:38 by andrbea a poster (19,3,10 - iii-afnr)We have previosly discussed on this board the links of AFNR's management to Stephen Dattels &co. I found it interesting that today African Barrick lists on the London stock exchange. Toronto based Barrick Gold, the worlds biggest gold producer will retain a 75% holding. Guess who spent many years at Barrick-Stephen Dattels!! But most interesting is the reason given for the spin off of African Barrick namely a strong interest in African mining assets and gold among London Investors. The proposed AFNR deal does exactly the opposite by taking the listing to Canada. May be the proposed deal needs rethinking so that AFNR takes over the Canadian company and retains its London listing. |
Posted at 06/4/2010 07:58 by cliley454 AFNR research.Assets. -Mitaba nickel prospecting licence, Zambia - £? This licence has only recently been renewed and is now ready to move forward. -Mavita nickel project, Mozambique - £? "The Board is eager to move ahead with its exploration projects in Mozambique and Zambia." -51% stake in 5 licences to explore for and mine uranium in Zambia - £? Joint venture partner Zambezi Resources 49%. Afnat has spent $3m+ on these licences to date. -Investment in Copper Development Corporation - £1.8m This was a private placing and once CDC become a listed company the value of this investment will increase considerably. CDC plan to list Q2 this year. -Cash and marketable securities £9.75m. This includes 11.7% of Niger Uranium (URU) who hold 13.6m KAH shares and intend to distribute the majority to shareholders shortly. This gives total assets of £12m+ or 3p+ a share. This is before any expected developments. Then along comes Axmin (TSX: AXM). They've put in an offer for AFNR at 1 AXM share for every 2 AFNR shares. Today AXMs bid stands at 0.08c which converts to 5.2p. 1 for 2 gives an instant return of 2.6p. However AXM holds multiple world class gold plays in central and west Africa, which they are building a war chest to develop. The year high is 0.15c = 5p per AFNR share. 3 year high is over cd$1.00 = 30p+ per share. Downside from here is zero upside is massive. |
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