African Min. Share Discussion Threads

[seanywauny] 20/2/2015 13:12

TMC & co have broken even or nearly broken even on the $70mln paid for Marampa I think? Cheap ARPS access was given for this reason in my opinion.If so, he has a free mine now and can do what he likes with it. Could use it to merge but then doesn't SISG automatically acquire 25% of Marampa. If so, Frank wouldn't want this.

[casual47] 20/2/2015 13:11

Earnest, I think I missed out on a career in sleuthing, I rather enjoy it.

I am wondering:
1. The TIO and ARPS subsidiaries are private SL registered companies. Anyone any ideas in what their corporate laws and bylaws allow a majority 75% shareholder to do? Could they push through a vote to sell off the whole company? Could they vote through going into voluntary administration? Can SSISG veto it with their 25% holding?

2. How much would the African Rail and Port Services (SL) Limited ("ARPS") subsidiary be worth? Could AMI sell it whole / their stake in it to a non-partisan 3rd party (on the condition they assure non-prejudiced access) to then lease back access and use of the infrastructure? This could make sense in that it would also allow Timis to then approach this 3rd party for access too.

[earnestwipplethwaiteiii] 20/2/2015 12:51

casual - full marks for trying but I fear it's futile in the end. If the end result is that we shareholders have empty plates at dinner again - then the cooks will be long gone.

[casual47] 20/2/2015 12:29

It's a dishonest con, Earnest!

They should publish the full contact details of directors of listed companies. We should be able to needle their conscience or whatever is left of it.

I have been trying to get more info on Timis Corp but it's a most slippery thing. The office address of Timis Corp was/is also 5 Stratton House in Stratton Street. I guess he ran all his business from the same place.

[earnestwipplethwaiteiii] 20/2/2015 12:21

What a wonderful thing it is to be kept informed by the company in which one is invested, what?

[casual47] 20/2/2015 12:12

For those nostalgic about the Frank Timis website, here is the Internet Archive's Wayback Machine snapshot link, it will allow you to browse most pages:



And here's the earlier Timis Corp:



Might be useful for future reference.......

[casual47] 20/2/2015 11:52

Curious....

Posted 14 days ago

============


IMMEDIATE START!

Looking for a senior infrastructure engineer for a 3 month contract. Will be required to take responsibility for the relocation of the server infrastructure to a co-location and help co-ordinate an office move.
============

What is colocation? See

Looks like they are moving office and rather than have their own server room etc will put their server in a colocation facility saving on bandwidth and basic maintenance costs....

[warwick69] 20/2/2015 07:39

They can have debt called in like bank on a house if mortgage is not paid !!!

[newswseller] 20/2/2015 07:28

Seany how will they get it though? The BOD can't just announce they are going to sell to company X and shareholders get nowt, that can only happen in admin by the administrators

[seanywauny] 20/2/2015 00:39

No admin & no for sale sign. Frank and Alan will get it all and we'll get nothing just as they always wanted in my opinion.To lose money to a corrupt few is one thing but it's something else entirely to be dragged through 4 months of hell and worry to buy time to initiate their corrupt scheme. That's personal.

[newswseller] 20/2/2015 00:07

Is value some massive D4E or literally nothing? If it went into admin and got picked up for peanuts then we would have nothing But without going into admin, anything would have to be voted through surely? I don't get it

[seanywauny] 19/2/2015 23:13

Doesn't sound good on LSE from Tavistock email:"The financing options currently being negotiated or envisaged do not contain potential solutions which would offer value for shareholders"Looks like Legal Proceedings.

[w1ndjammer] 19/2/2015 16:20

c47

an 8.3 is triggered even if a company shows an intention to maybe make a bid after looking at the books.

see AFR which I am involved in.

WJ.

[casual47] 19/2/2015 15:53

Question: If an AIM listed company puts the "for sale" sign out, then must it announce it formally via RNS?

I know there are the Form 8.3 docs but are those triggered only when a formal bid has been received?

[casual47] 19/2/2015 15:46

Looking at the AFC coporate website it seems that they are capitalized "only" around 1.2 billion USD -- that is for the total of their current projects, majority being loans to banks.

I can't see them wanting to invest more than a couple 100 million USD, at most.

What would 200million buy AFC? And what can AMI do with 200 million?

Are we assuming that Shandong is never going to approve release of restricted funds? Why would they after that FT endorsed parting shot of AW?

[fishyneck] 19/2/2015 15:30

For my sanity I am believing there will be little or no value left here...It's all we know for a fact(ish!!)

fn

[seanywauny] 19/2/2015 15:25

Dreaming?Enter into a MOU with AFC for a percentage to pay off debt and fund the concentrator under C&M until it comes online?

[cantrememberthis2] 19/2/2015 14:50

wrong mate.

we knew weeks before that it was going under c&M and the posts with internal emails were true afterall

we accept we have lost all monies

[earnestwipplethwaiteiii] 19/2/2015 14:45

Sorry to say but this kind of half-information is par for the course when a company - or at least its shareholders - are in the death throes.
It usually proves to be unhelpful.

[cantrememberthis2] 19/2/2015 14:29

hes been fairly accurate so far and could be a replacement Liu as I have not read any recent Liu post.

Ill give him the benefit of the doubt.

we shall see soon enough...

[casual47] 19/2/2015 13:46

OLAS likes to throw spanners in the works but doesn't back it up.

He also seems to contradict himself re. who will end up owning TIO.

Unless he actually puts some meat on the bone (in as much as can be done pre-RNS) his posts are pretty annoying and I imagine heart wrenching for those heavily invested.

[seanywauny] 19/2/2015 13:43

The cows are Mouing on LSE

[casual47] 19/2/2015 12:28

Earnest, the spirit of Ah Q abounds!

[earnestwipplethwaiteiii] 19/2/2015 12:15

Naibu situation all too common in China, where I am based. Company execs are usually to be found, if they are ever found, under an assumed name and with a new, more attractive Chinese wife, in such cities as Vancouver or Brisbane. The money of course is gone forever.