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Share Name Share Symbol Market Type Share ISIN Share Description
African Min. LSE:AMI London Ordinary Share BMG0114P1005 COM SHS USD0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 10.00p 0.00p 0.00p - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 524.9 -34.4 -9.8 - 33.19

African Min. Share Discussion Threads

Showing 9701 to 9724 of 9725 messages
Chat Pages: 389  388  387  386  385  384  383  382  381  380  379  378  Older
DateSubjectAuthorDiscuss
22/2/2016
16:26
Not heard anything either, but any money received would go to unsecured creditors not shareholders. They are right down at the bottom of the list :(
nav_mike
22/2/2016
15:27
Can anyone shed some light on this I have not been following proceedings $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ 15 Dec 2015 Re: African Minerals Limited (in administration) (“the Company”) London, 15 December 2015 Rencap Appeal The Joint Administrators refer to their progress report dated 21 October 2015 and note that on 8 December 2015, notice was received from the Supreme Court that Rencap’s application for permission to appeal has been refused. The result of this is that the Court of Appeal decision in the Company’s favour earlier this year is now final. After legal costs the Company will receive approximately USD $34m. There is also the potential for further costs and interest on costs recovery. Receipt of these monies will allow the Joint Administrators to commence work in respect of making an initial distribution to unsecured creditors. Further communication will follow in due course in respect both the timing and quantum of such a dividend. Ian Colin Wormleighton and Neville Barry Kahn were appointed Joint Administrators of African Minerals Limited on 26 March 2015. The affairs, business and property of the Company are managed by the Joint Administrators. The Joint Administrators act as agents of the Company and contract without personal liability.
w1ndjammer
22/2/2016
15:25
Can anyone shed some light on this I have not been following proceedings $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ 15 Dec 2015 Re: African Minerals Limited (in administration) (“the Company”) London, 15 December 2015 Rencap Appeal The Joint Administrators refer to their progress report dated 21 October 2015 and note that on 8 December 2015, notice was received from the Supreme Court that Rencap’s application for permission to appeal has been refused. The result of this is that the Court of Appeal decision in the Company’s favour earlier this year is now final. After legal costs the Company will receive approximately USD $34m. There is also the potential for further costs and interest on costs recovery. Receipt of these monies will allow the Joint Administrators to commence work in respect of making an initial distribution to unsecured creditors. Further communication will follow in due course in respect both the timing and quantum of such a dividend. Ian Colin Wormleighton and Neville Barry Kahn were appointed Joint Administrators of African Minerals Limited on 26 March 2015. The affairs, business and property of the Company are managed by the Joint Administrators. The Joint Administrators act as agents of the Company and contract without personal liability.
w1ndjammer
15/1/2016
03:11
Anyone interested in closing a short position here?
earnestwipplethwaiteiii
15/1/2016
03:10
Anyone still interested in closing a short position here?
earnestwipplethwaiteiii
15/1/2016
03:09
Anyone still interested in closing their short position in AMI?
earnestwipplethwaiteiii
08/1/2016
10:23
how to screen capture
debbie_does_dallas_twice
24/10/2015
11:12
NEW updated report on AMI joint administrators 25 September 2015 hxxp://www.deloitte-insolvencies.co.uk/a-c/african-minerals-limited-and-african-minerals-engineering-limited-(both-in-administration)/joint-administrators-progress-report-to-25-september-2015.aspx 'There has been a significant level of shareholder interest in the administration of AML and so the Joint Administrators have responded to shareholder queries as far as they are able' Total spent from joint administrators on case specific matters from 26 March - 25 September 2015: £36k (average rate £825 per hour) The latest update is they are unsure if there will be anything left to pay unsecured creditors. Shareholders are below this in priority order.
knicol46
12/8/2015
03:11
Not so sure, I may have spoken too soon - that Deloitte pdf is from May 12, and today my IG account, exactly three months later, now shows a zero balance, meaning they have taken the 100% margin cover. Other than that, I see nothing to suggest that the Deloitte proceedings are not continuing as before, though in all probability there will be nothing left for shareholders, as expected. Durby - it's not so much that HK refused to assist, more that there is no procedure in law there to do what was requested by the UK court, hence HK declined. In any case, that was also several months ago now.
earnestwipplethwaiteiii
11/8/2015
20:57
All gone lads
medved5
11/8/2015
16:43
Also read Hong Kong court refuses to assist administrators ... www.lexology.com/library/detail.aspx?g=5bcdb455-27f7-4e32-b4f0-9da276241f8f
durby
11/8/2015
15:38
Well, coincidentally I just saw that my IG account today shows a zero balance for AMI and "African Minerals Ltd Proceeds", whatever that signifies. Whether it means that everything is now done and dusted, I don't know, but it does look like it's curtains finally...
earnestwipplethwaiteiii
11/8/2015
15:14
why are they still negotiating?
kirk 6
11/8/2015
15:06
I'm afraid this may prove to be a long, drawn-out process; Deloitte are negotiating with SISG and concurrently there are legal challenges regarding the auction of AMI's assets. Who knows, we can perhaps expect this to drag on for months and years, as it winds its weary way through the courts. And at the end of it, shareholders will still almost certainly come away with nothing.
earnestwipplethwaiteiii
11/8/2015
15:00
just seen that PDF durby
kirk 6
11/8/2015
14:57
Has anyone heard anything regarding the administration process?
kirk 6
11/8/2015
14:54
Sorry folks, AMI shareholders are not on the list of priorities for the administrators. In fact AMI shareholders do not even get a mention in the administrators' proposed plan. www.deloitte-insolvencies.co.uk/a-c/african-minerals-limited-and-african-minerals-engineering-limited-%28both-in-administration%29/uk-insolvencies-african-minerals-joint-administrators-proposals.pdf
durby
11/8/2015
14:02
Yep, wrote too quickly, should have said "feel below a certain standard." Given their experience, that standard to the company would have been very high in discharging their duty of skill and care.
broncowarrior
11/8/2015
13:51
"...failed to fall below..."? Shumting wong dere....
earnestwipplethwaiteiii
11/8/2015
13:28
If the directors have failed to fall below a certain standard then they have personal liability. Some of them probably have quite deep pockets, including Timis of course...
broncowarrior
11/8/2015
13:20
I wonder if he can afford to read his own article?!
beeks of arabia
11/8/2015
13:17
According to that article Timis lost 252mm in cash. Ouch.
broncowarrior
16/7/2015
16:48
Because until Deloitte reports to the Insolvency Service, the Company is not officially wound up. And since Deloitte is pursuing at least one legal avenue in relation to SISG, it looks unlikely to be case closed anytime soon.
earnestwipplethwaiteiii
16/7/2015
16:30
Why is AMI still in my IG account? Sick of seeing the reminder whenever I login.
nosnibord
Chat Pages: 389  388  387  386  385  384  383  382  381  380  379  378  Older
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