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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Afnat Resources | LSE:AFNR | London | Ordinary Share | BMG186501042 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.50 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
12/4/2010 15:03 | Axmin share price up 13% so far, bid 13c = 4.25p. This is crazy? | encarter | |
12/4/2010 10:59 | No date is set as yet. "This is very encouraging for both parties and we are confident that the LOI provides a sufficient framework that allows both parties to enter into a final agreement in a timely manner." Axmin want our £10m so will want the deal to go through asap. For Afnat it didn't look like a great deal at first but now that the Axmin share price is rising we shall all do very well. | cliley454 | |
12/4/2010 09:48 | is there a date for the transaction completion. | bearbulls | |
12/4/2010 08:01 | 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. | cliley454 | |
12/4/2010 07:42 | Cliley 454 can you repost your research with the latest AXM share price for anyone who has just found us? | encarter | |
11/4/2010 20:31 | Robizm. I sent an email to Axmin,re listing,and they replied,"It is expected that the company will review its options regarding a dual listing after the transaction is completed and the Board is able to fully consider the benefits of listing on the AIM exchange." Hope this helps. | imperial3 | |
11/4/2010 17:06 | my only worry is when they give up their aim listing as mine are held in my sipp and I have already lost my albidon shares from my sipp account as thare now aussie listed only | robizm | |
10/4/2010 08:50 | that's 50 to 60% above present SP good show! | andrbea | |
09/4/2010 18:16 | AXM flying in Canada now 11.5 to 12c - up 25% - makes the bid worth 3.75p to AFNR. Lets hope it stays there till close. | borchardt | |
09/4/2010 16:03 | AXM showing a significant rise as well. | imperial3 | |
09/4/2010 13:43 | pete spreads recognise risks (pos/neg) from market makers point of view and volume of buys (in general) if you look at the big blue chips spreads are small..have alook at the naked trader book for an insight also is useful...and loads others. | to8es | |
09/4/2010 11:19 | I don't have l2 so can't be sure but probably less mms deal this stock so less price variations. On the plus side, when it moves it will be in big steps and you can trade within the spread anyway. Just waiting to see if AXM continue to rise before i top up. | encarter | |
09/4/2010 10:56 | Novice question if you don't mind, why is the spread so high, surely if it was lower more investors would buy in, this would benifit MM's, Investors and the SP, or am i missing something? | petewatson | |
09/4/2010 09:34 | Top of the leader board for now anyway. | imperial3 | |
09/4/2010 08:33 | 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. | cliley454 | |
09/4/2010 08:09 | You can actually buy for 1.75p for quantity. For AFNR info see post 162 of 167. | cliley454 | |
09/4/2010 07:34 | Axmin up to 9.5c on the bid now, that values us at 3.1p a share. Even with costs that's a clear 50% profit. | encarter | |
08/4/2010 17:05 | Makes sense. | imperial3 | |
08/4/2010 16:53 | why not bring Axmin to London as a dual listing tsx and lse, and afnr relinquishing its listing? with giants like Barrick coming to London this month I would have thought London was the place to be for gold stocks in Africa? | andrbea | |
08/4/2010 08:25 | cliley454. Good analytical post.Thank you for your endeavours. | imperial3 | |
08/4/2010 08:02 | 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. | cliley454 | |
07/4/2010 22:50 | Axmin share price up again, now 0.09c. | encarter |
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