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
  +0.00p +0.00% 2.50p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.2 -0.8 -1.0 - 10.29

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Date Time Title Posts
13/12/201009:17AFNAT RESOURCES285.00

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DateSubject
17/6/2010
07:03
rastapastamasta: Hi Gowboy I 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
21/4/2010
00:09
marben100: No, I am not wrong - I did not use 40% in my calculation. To spell it out: there are 421.5m Afnat shares in issue (after the lastest option exercise). These will acquire 206m Axmin shares, i.e., each Afnat share will become 206/421.5 Axmin shares, so with a share price of CDN0.105, that means each Afnat gets you CDN0.105*206/421.5 worth of Axmin = CDN0.0513 = 3.3p at current exchange rates. OK?
12/4/2010
07:01
cliley454: AFNR research. Assets. Mitaba nickel prospecting licence, Zambia - £? This licence has only recently been renewed and is now ready to move forward. http://www.advfn.com/p.php?pid=nmona&cb=1270453594&article=42209863&symbol=L%5EAFNR 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. http://www.axmininc.com/DesktopDefault.aspx?tabid=323 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.
09/4/2010
07:33
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. http://www.advfn.com/p.php?pid=nmona&cb=1270453594&article=42209863&symbol=L%5EAFNR 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. http://www.axmininc.com/DesktopDefault.aspx?tabid=323 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.
08/4/2010
07:02
cliley454: AFNR research. Assets. Mitaba nickel prospecting licence, Zambia - £? This licence has only recently been renewed and is now ready to move forward. http://www.advfn.com/p.php?pid=nmona&cb=1270453594&article=42209863&symbol=L%5EAFNR 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. http://www.axmininc.com/DesktopDefault.aspx?tabid=323 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.
06/4/2010
06:58
cliley454: AFNR research. Assets. -Mitaba nickel prospecting licence, Zambia - £? This licence has only recently been renewed and is now ready to move forward. http://www.advfn.com/p.php?pid=nmona&cb=1270453594&article=42209863&symbol=L%5EAFNR -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. http://www.axmininc.com/DesktopDefault.aspx?tabid=323 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.
20/3/2010
13:38
imperial3: What has happened so far from LMY,has been nothing far short of a disaster for private sharehoders,if the current share price is anything to go by. This latest deal propelled by the board,is like pass the parcel,with I fear even more dire results.I do hope I am wrong,but going back in time, I feel I have been completely misled by the optimism and aspirations of the directors,when Afnat was formed. Who has gained from this? Certainly not the private investors.We have just been hung out to dry. My thoughts anyway,depressing as they maybe. The market seems also unimpressed.
25/1/2010
17:53
imperial3: Wow??!! Is this management going to offer us something that will propel the the share price??!! Disappointed holder.
13/1/2010
16:17
marben100: Hi fordtin, My interpretation of the clause is that it's a profit-sharing arrangement, relating to any notional or actual gains that Polo makes, resulting from an increase in the BKY share price within 60 days of the completion date. It contains a mechanism for working out such gains/profit share, which are referenced to a "Base Price". According to my calculations, the Base Price is equivalent to A$0.979 per BKY share. HTH, Mark
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