|African Eagle Resources
||EPS - Basic
||Market Cap (m)
Real-Time news about African Eagle (London Stock Exchange): 0 recent articles
|kiwimonk: It doesn't take a rocket scientist to know which way this is going, Share Price Through the 200 day Moving Average.
This will do an LPH, in performance terms. 7 Bagged. And is still rising after two big shareholders entered the fray.
You can't get any better kudos than a Globally Respected African Billionaire buying 16% of AFE's stock!.|
|daddy warbucks: Not saying it will happen, but I remember a company called Hidefield, (HIF), which was lent money to keep it going for a while. In the end certain people who lent the money had it paid back in shares. The only thing was, the share price had plummeted and those people effectively too control of the company. As I say, this may not happen here, but what do I know. I thought AFE had a world class deposit and we were on our way to riches.|
|stockologist: You seem to be labouring under the misapprehension that the highest share price in the last 12 months determines the takeover price if any. It is actually the highest price paid by the bidder/concert party over the last 12 months I think. I thought they bought in in the 0.10p placing or whatever it was.
5 Jun'14 - 14:21 - 8129 of 8130 0 0
Dutwa was sold for 100k plus AFE have a 10% free carry until $20m has been spent. the 10% is cannot be diluted.
I think the worst case scenario here is the new board remain quiet and shareprice doesnt rise beyond 0.5p then either Blackdown or shoreline do a RTO. They only have a matter of weeks to conlcude a deal. The highest 12months closing shareprice is start of July. They may wait until then so that an RTO can be offered at the lowest possible price.|
|saloba11: if there was to be a takeover does it apply that the takeover can be the highest price the shareprice has been over a 12 months period? if that is the case then it would be 0.68 which was the price on the 1st of July. Prior to this the share price at the end of May 2013 was 0.82 which would give a 15% discount. If a company where to wait until 2nd of July to take Afe over they could buy the company for 0.5p per shares as that would be the highest share price over a 12month period with that price being the closing price on 2nd of Sept.
Not sure if the 12 month rule applies but its interesting as this board have waited until the end of May to announce the appointment which has meant a min of 15% discount is possible for a takeover.......|
|josephrobert: I never understood why Dutwa - 'world class' - as it was once described wasn't funded. Rolling stock? Nickel price? Tax? Something else? And why wasn't it kept on care and maintence? Why would such an apparently strong bunch of new recruits invest their own money, time and reputation for something that went so wrong? Surely for something that wasn't on the RNSs.
People had more questions than answers when Rose Petroleum was a sixth of the share price it is now. In fact they had written it off and the number of trades per day was pitiful. No hope was seen a mile off. People invested in Rose at much lower levels because of what the cornerstone investors were doing and not why. Not many though. It's not rocket science to take a risk for the potential of a large gain. KK and NC are not in it it for modest gains after all.
|stockonomist: If Directors have sold out and dumping their options as well that pretty much tells you they think the share price is crazy overvalued and they are going to get out whilst the mug punters ducks are still quacking|
|melodrama: and look at the Share Price as well!|
|daddy warbucks: I still maintain that if those people who had been given the warrants exercise able at 5.5p, had taken them up, the company would have been in a stronger financial position to complete the BFS. This in turn would have stopped the speculation regarding raising funds at a ridiculous price which has seen the share price fall to its present level and with the BFS near completion would have put a floor on the share price at a much higher level than today.I am hoping that the company have a bit of good news stored up for the long suffering shareholders which they could release when the overhang of shares is completed. This may help the share price rise a little.|
Our valuation of African Eagle is based on our US$400m NPV10 valuation of the Dutwa nickel laterite project. The upside potential from nickel sulphide exploration could be significant, but we will need an indication of the potential scale of the resource before we attribute any value to this. Our pre-dilution valuation has reduced from £240m to £207m, which equates to 30p per share, due to the revised timing and capital requirement assumptions detailed in the financial section below.
We have updated our dilution analysis to reflect African Eagle's recent share price. Post funding our valuation rises to £378m, and assuming the forecast 2013 and 2014 equity issues are at a notional share price of 1.5p, this equates to 3.0p per share, which represents more than 100% upside to the current share price.
Our valuation is highly geared to nickel sulphide exploration success in two ways. Firstly, we include no value for nickel sulphide exploration potential in our valuation so potential resource delineation offers upside. Secondly, we consider that positive newsflow on nickel sulphide exploration is likely to act as a catalyst for the shares and consequently the 2014 equity issue could take place at a much higher price than the notional 1.5p in our dilution analysis. For example, at a notional 3.0p equity issue price, our diluted valuation equates to 5.6p per share.
AFE paid for research from Edison
Edit. Slightly encouraging to note that one of the interested potential strategic partners has undertaken a site visit. The note is now on AFE's website.|
|daddy warbucks: The non tradeable warrants issued to institutional investors in the last placing are due to expire at the end of this month and so there is potentially 100 million less shares to be issued.
I know it is not my money and therefore easy for me to say this, but what I can't understand is that the ii,s knew the company would require more money to complete the BFS, yet stood by and allowed the share price to slip to its present low level.
Are they hoping to get a majority share of the company for peanuts with another placing and to hell with other shareholders?
My view is, if the II,s had taken up the warrants at an early stage, this would have underpinned the company, there would not have been a run on the share price and in my honest opinion the share price would have risen strongly (similar to the last run). The II,s would be looking at healthy profits now.
The consequence of not taking that action was to leave the finances of the company uncertain and open to speculation, and put the company in a very vulnerable position.
As I say, I know it is easy for me to say, because I am not spending the money, but the 5.5 million the warrants would have raised, is small beer for II,s, but would have helped the company considerably.
Is is naked greed to try to grab as much of the company for themselves at the expense of putting the company in such a dire position?|
African Eagle share price data is direct from the London Stock Exchange