29/08/2015 01:11:34 Cookie Policy Free Membership Login

African Min. Share Chat - AMI

Share Name Share Symbol Market Type Share ISIN Share Description
African Min. LSE:AMI London Ordinary Share BMG0114P1005 COM SHS USD0.01
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00 +0.00% 10.00 0.00 0.00 - - - 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

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DateSubjectAuthorDiscuss
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 ladsmedved5
11/8/2015
16:43
Also read Hong Kong court refuses to assist administrators ... www.lexology.com/library/detail.aspx?g=5bcdb455-27f7-4e32-b4f0-9da276241f8fdurby
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 durbykirk 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.pdfdurby
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
25/6/2015
11:14
how is all the legal stuff progressing?shimmysham12
14/6/2015
13:09
Any chance you could post full article pleasekirk 6
14/6/2015
13:03
Read all about Timis - today's Sunday Times Timis’s heartbreak: acts of God, markets and Chinese treachery http://www.thesundaytimes.co.uk/sto/business/business_interviews/article1568179.ece?CMP%3DOTH-gnws-standard-2015_06_13old fool2
03/6/2015
19:26
I believe negotiations are continuing with Shandong, so to say definitively that there will be nothing left for shareholders is premature. It does however remain by far the most likely scenario.earnestwipplethwaiteiii
03/6/2015
19:09
from the Administrators 12 May 2015.. Shareholders As detailed on page 4, the shares in AML were publically traded until November 2014. The Joint Administrators are not obliged to provide further information or reports to shareholders of AML, however regular updates may be uploaded to the Companies’ website www.africanminerals.com and on the statutory website set up for the administration at www.deloitte.com/uk/africanminerals. For the avoidance of doubt, based on current information it appears unlikely that there will be any funds available for shareholders. 29 May 2015 the proposals were approved. Nothing left for shareholders.knicol46
01/6/2015
18:56
We're does it say that just now? Think we all know that don't we lol. Have you just had another update sent only to you?kirk 6
01/6/2015
18:38
AMI - all the proposals from the administrators have been approved - shareholders return 0p. Please turn the lights off and good bye.knicol46
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