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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 10.00 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
24/2/2015 11:40 | Re. Injunction.....The administration of the subsidiaries would be the best solution as it effectively removes the hostile influence of Shandong and means a 3rd party can buy the whole shebang 100% making the project more valuable. AMI could potentially remain listed as an investment shell assuming the $400m bond holders are happy to not call in the debt. This could be the reason why the NEDs haven't resigned....because there is still value to be extracted for shareholders taking this route. | casual47 | |
23/2/2015 21:20 | For latest updates join the group amipic@outlook.com information can't be posted on here | newswseller | |
23/2/2015 21:18 | Murray said 1. There is still much work to do as a director and 2. The NEDs have decided not to resign and instead continue to work with management towards finding a resolution. Let's assume for a moment that Murray is not "a bad guy" and is fulfilling his role as non executive director within the spirit of the law. With those assumptions in mind, what could they possibly be working towards if there really is no shareholder value left? | casual47 | |
23/2/2015 20:54 | Looks like were toast according to latest private shareholder update.. | newswseller | |
23/2/2015 17:57 | Has it been confirmed that Watling went to Timis Corp or was it just in the Steel First article? | seanywauny | |
23/2/2015 14:22 | Prob milking it for all it's worth | newswseller | |
23/2/2015 14:02 | No read receipt, suffice to say at least the man had the decency to reply and set the record straight. With all NEDs apparently electing to crack on - who knows what will come about. What a mess. We will progress and move on, parting shots or not, the BoD shouldnt get away with daylight robbery. | cantrememberthis2 | |
23/2/2015 13:51 | Theories as to why Murray would leave Dundee?He's an NED for several companies, any word that he's stepped down from these roles as well?Good work btw! | seanywauny | |
23/2/2015 13:33 | The only resolution there can justifiably be would be one that preserves (some) shareholder value, if not then administration should be the only option. As far as I am concerned it is not within the NED's remit/mandate to find a resolution for the Sierra Leone Gov't or AMI employees or Frank Timis or Gibril or bondholders or creditors while sidelining the shareholders. Cantremember - did you add a read receipt? | casual47 | |
23/2/2015 13:24 | Murray replied, saying he is no longer working for Dundee. Also stated "all of the NEDs have elected not to resign and continue to work with management towards finding a resolution". I proposed to all NEDs emailed to considering resigning from their roles if they agreed with BIRDHIRD about the $1bn justification to equate shareholder value to zero using debt of differing maturity dates (SLY PEOPLE). Awaiting replies from all the others. | cantrememberthis2 | |
23/2/2015 13:12 | No reply from Roger to the email. . . yet. Have chased Nina again. I'm pretty sure they are valid email addresses -- I tried different combinations (e.g. r.liddell) and they all bounced. Plus gives positive results for all of them. I used gmail to send the emails so read/delivery receipt isn't a supported functionality, unfortunately. If anyone wants to email the AMI directors, here are the email addresses: roger.liddell@sgda.c roger.liddell@shenst roger.liddell@netotc nina.shapiro@nsrpart murrayroad@mac.com mjohn@dundeeresource | casual47 | |
22/2/2015 10:14 | Shimmy bats for both sides. | earnestwipplethwaiteiii | |
22/2/2015 09:55 | I thought u we're short shimmy? | newswseller | |
22/2/2015 09:34 | I think to get any money back here a miracle will be needed. I hang onto hope but we have no chance. | shimmysham12 | |
22/2/2015 08:57 | Depends - if there really is bad blood between FT and SISG (and with court cases apparently pending, it does seem serious), then Timis may prefer to take his chances on the best bid by putting both LOND and AML into admin as a package, rather than let SISG have AML for debt only. | earnestwipplethwaiteiii | |
22/2/2015 07:43 | Looks like game over to me. | shimmysham12 | |
22/2/2015 00:42 | If the rumour that the AFC has backed out and SISG won't budge on their offer then is the last move to merge Marampa and Tonk and put the for sale sign up? Why not? | seanywauny | |
21/2/2015 13:36 | Earnest, thanks. Well spotted! I'll paste the contact details for Murray John below, should anyone feel the need to contact him. They were part of the signature on his reply to me so should be correct. Murray is not independent as he is working for Dundee who are bondholders, so although he is a director and must take our interests at heart it's clear he will prinicipally have Dundee's interests on his mind. murrayroad@mac.com m. +1 416 560-1833 | casual47 | |
21/2/2015 13:24 | casual - good on you, please post any reply. If you send the email out again, I recommend one less 'only' and 'considerable' rather than 'considerate' | earnestwipplethwaiteiii | |
21/2/2015 13:15 | Have been trying to get the email for Roger Liddell. A stab in the dark but google search revealed he's director on three other companies so sent the email below trying the most obvious email format of roger.liddell@ None of the emails bounced so they may have landed...or not. roger.liddell@sgda.c roger.liddell@shenst roger.liddell@netotc Hi Roger, I am a private investor in African Minerals. It is with increasing incredulity that I and many other private investors are witnessing the steady demise of this once great company. Now that only Nina and yourself are the only Independent Directors left on the board there is considerate concern among private investors that certain vested interests are given primacy above the interests of shareholders. In your role as African Minerals Senior Non-Executive Independent Director, can we be assured of your continued commitment to represent shareholders and safeguard shareholder value as per the codified duties (and liabilities) of directors contained in the Companies Act 2006 (UK)? Looking forward to your response, | casual47 | |
20/2/2015 13:42 | Crazy to read this now with hindsight of recent events: From "As at 31 December 2013 the Aggregated Group recognised a non-controlling equity interest for $136.9m (2012: $135.8m) in the aggregated balance sheet. This interest relates to the 10% holding that the Government of Sierra Leone has in the subsidiary, African Railway and Port Services (SL) Limited (ARPS). This amount is based on the net assets of ARPS as at the balance sheet date. During the year $1.1m profit was attributable to the non-controlling interest (2012: $3.9m loss)." So the book value of GoSL's 10% free carry in ARPS was $136.9m back in August 2014. That would put AMI's 65% at $889.85m. | casual47 |
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