African Min&Ex Share Discussion Threads

[broncowarrior] 28/8/2013 20:28

22 trades today, astonishing. That's about the monthly average...

[broncowarrior] 28/8/2013 18:29

Right, just checked the ALO RNS and the heads of terms agreement would involve CEY buying just over 15mm shares for 250k. However, they aren't showing up on the share register so that hasn't happened yet.

If it does happen, that should move the share price of ALO towards that 1.6p per share price fairly quickly.

Perhaps the AME portfolio acquisition will convinve them to sign binding heads of terms, although it was designed more for ALO's Ethiopian assets.

[broncowarrior] 28/8/2013 18:09

Yep. I can't tell whether the tie up has progressed beyond non-binding heads of terms. If those were to be signed it would help ALO massively and therefore us.

[sparty1] 28/8/2013 17:13

the rise could be due to alo interest in centamin?

[broncowarrior] 28/8/2013 17:09

For the time being, I think we are. The good thing is though we can hopefully watch ALO increase the resource, move it to a scoping study stage and as people start to take that value into account (it is currently valued at zero), ALO's price will rise and so will ours.

I'd like to see us make another investment though.

[highly geared] 28/8/2013 15:23

Cheers BW. It does make you wonder though ; what is the plan? Are we now just an investment co.?

[broncowarrior] 28/8/2013 15:17

They won't touch Karan at the moment IMO, they don't have the cash. The hope would be that down the line either 1) Alecto gets taken out for a substantial premium to today's price or 2) the share price of ALO rises to a level where AME's price rises to the point where a placing to fund exploration would not be overly damaging.

They have sold their drilling rig so they just aren't going to touch Karan. My understanding was the gold was not particuarly close to the surface so would be more costly that the Gourbassi strike has been.

[highly geared] 28/8/2013 15:12

The ALO investment seems a good move, but what AME holders now need to know is what is the strategy for developing our own licences (drilling etc). I think the last RNS referred to the Karan licence. Well, AME ddid some drilling on this over 2 years ago and got some average grades at best. So , what we need to know is what is the strategy going forward....

[howdlep] 28/8/2013 15:04

and is our CEO looking for a 10% return on his 500k Investment?

Er let me think about it. No!!

This has a long way to run, with new investments to be made imo.

[haff1] 28/8/2013 15:00

...but still has a long way to travel to return to April prices...

[sparty1] 28/8/2013 14:59

bronco ..well something going on ..this is most un ame like.. We all know the potential from here .A return to pre mali troubles would be very welcome..
up 30% ...

[broncowarrior] 28/8/2013 14:49

Might even be an arbitrage play at some point in the future between AME and ALO.

[broncowarrior] 28/8/2013 14:48

Alecto is up 9% as well.

[broncowarrior] 28/8/2013 14:47

Finally. Gold price is likely to spike if this volatility continues, which is good for a company with a share of a 100koz resource.

[howdlep] 28/8/2013 14:46

pi's beginning to notice the massive potential here.

Is our CEO with his 500k investment, about to surprise?

MiningMaven‏@theminingmaven22 Jul
$AME oh things they are a'changing. Looks like one to watch closely, tiny mkt cap and could surprise!

[haff1] 28/8/2013 13:46

...whoosh ....keep going....

[howdlep] 28/8/2013 13:09

and like us, our CEO will be wanting a return for his 500k investment.

Oh and we have movement on the ask.

One or two buys and this will move very quickly given its tiny market cap

[broncowarrior] 28/8/2013 12:29

Just read the RNS again and it looks like the strategy will be more as investor, rather than as an actual miner, which is fine by me at the current time. We might therefore expect a further investment into a small mining company with prospective licences. Other companies such as (I believe) Solo Oil adopt this strategy and it works for them.

[broncowarrior] 28/8/2013 12:25

Our success will now be driven in large part by the performance of Alecto. I'd like to hear our new CEO explain what the plan is for the company now we've offloaded our maiden resource and drilling equipment!

[chrisis33] 28/8/2013 10:56

Have a small holding here ... gold stocks generally on the bounce, but not here yet.

[howdlep] 28/8/2013 09:10

sooner or later pi's are going to back this one, as the new CEO has done with an investment of 500k. I am more than happy to have built a line of stock before the next announcement

[sparty1] 22/8/2013 13:07

hxxp://utahpeoplespost.com/2013/08/african-mining-and-exploration-plc-receives-corporate-rating-from-n1-singer-ame-2/

[weegeordie] 22/8/2013 10:26

I have been watching ALO for a while now since I was invested in CEY. CEY would do well to have substantial prospects outside Egypt - ALO has provided that with their Ethiopian prospect and a JV - not done and dusted yet but can't be too far away. CEY could buy AME and CEY to get further prospects - they have loads of spare cash and I am sure they don't want it sitting in a Caribbean bank doing nothing. Interesting times ahead for these two tiddlers imo.
WG

[broncowarrior] 22/8/2013 09:58

Aletco are worth about 4mm so a bit of a tiddler themselves. I hope this cornerstone investor is willing to plough some money in.

Not sure what their cash position is at the current time.

[haff1] 22/8/2013 09:44

...just got back and note the share price unmoved! ...still not sure on this.....?