African Min&Ex Share Discussion Threads

[broncowarrior] 09/9/2013 13:01

The permit concerns seem a bit overblown. They will need to get clearance from the authorities for the change in ownership of this permit so I'm not sure why there would be any problem there.

[dell1234] 09/9/2013 12:24

Shares mag article on today's news:

[broncowarrior] 09/9/2013 09:36

Read this re mineral sands price outlook - strong.

hxxp://www.proactiveinvestors.com.au/companies/news/34336/mzi-resources-to-make-fourth-shipment-of-heavy-mineral-concentrate--34336.html

[broncowarrior] 09/9/2013 09:30

Good start to the day, a clear strategy being implentned. Well done for them finding this company in the first place, private and probably quite obscure.

So now they have:

- 80% ownership of a mineral sands project; and
- 25% of a 100k oz resource in Malia, that resource expected to increase substantially. Will likely have 100k oz for the 25% in their own right in the next year.

All for the paltry market price of a couple of million.

[stockologist] 09/9/2013 08:30

AME !!!!!!!!!!!!!!

AME £2.7m has a Mineral Sands project in Mozambique
PFP £6.7m maybe hasn't got a Mineral Sands project in Mozambique

[stockologist] 09/9/2013 08:24

Could anyone do a quick comparison please of PFP versus AME ?

Thanks

[addict] 09/9/2013 08:20

'World class' is always nice to read,when your market cap is a couple of million!Maybe the turning point afTer a disappointing debut.DYOR

[broncowarrior] 09/9/2013 08:10

Looks exciting although I have to do some research on heavy sands. Te price paid also looks very reasonable with the deferred consideration fair to both parties.

[broncowarrior] 09/9/2013 07:33

Next acquisition announced. This is going to get interesting!

[inbrackets] 07/9/2013 10:02

I had the impression that they were looking to do something with the other Mali concessions that needed substantial development and capital investment to bring upto any sort of speed already. In which case, with Maiden Resource now married off, what is there really to take over? Begs the question about your other option.

[john6185] 07/9/2013 09:04

there must be a sound reason for the name change. Some M&A action coming soon I think. Maybe a T/O or a reverse? Effect on us? I'm staying with our CEO and following the money. $500k is a lot for anyone.

I have no idea really, but I am sure that this wasn't for cosmetic reasons

[broncowarrior] 06/9/2013 17:45

Other thing with the AME ticker is when you type it into google you get every company begining "Ame" (hundreds of them) and not AME itself, so the new ticker should mean people find us easier (I say hopefully).

[inbrackets] 06/9/2013 16:14

The announcement of a change in name was hardly likely to set a rocket under the share price in itself but it starts to set dates methinks. You don't invest in a company / park up existing assets / sit around for 2 months thinking up a serendipidous sounding name and then decide what to do. This strikes of implementation so i would expect further news in the near future and we can then see what we are shareholders in and decide on its merits from there. Suspect that it will be better to have them now in readiness.

[broncowarrior] 06/9/2013 15:27

I'd like to see them put a million quid in someone a bit bigger than ALO, someone where we can take a 5% stake which has a lot of promise. Could buy 5% of BZM for a million. I've lost enough money on that already though.

[bam bam rubble] 06/9/2013 13:47

Agreed, 'mining and exploration' was too specific and implied genuine operations.

[broncowarrior] 06/9/2013 13:31

We aren't likely to be doing any exploring (or mining) in the near future!

[haff1] 06/9/2013 09:38

...cant follow the rationale behind the name change? .... 'African' mining & Exploration is not country specific and actually broader than 'Savannah' suggest !!

[broncowarrior] 06/9/2013 07:21

Changing our name and confirmation we will become an investment vehicle. Wonder who we are looking at for our next investment. This strategy has a much better chance of making us a return IMO.

[inbrackets] 02/9/2013 12:07

Was reading something about Paul Daniels yesterday and it prompted a thought about illusions. The maiden resource has been farmed out on what would seem to be quite favourable terms for all parties and has become virtually an orphaned Siamese twin and the other projects are to be dealt with apparently but not by AME as equipment gone. That's what has been seen. Now i really am starting to wonder what a relatively cheaply acquired listed cash shell is to be used for and can but hope that whatever it is, it has a very positive end.

[broncowarrior] 30/8/2013 23:01

when alo increase the resource to 500k oz next year they will be 5p and we will be 4p minimum.

[howdlep] 29/8/2013 23:38

Zak tipped ALO not AME. It was my suggestion to buy AME as a better way of trading ALO, due to the wide spread in ALO.

[bam bam rubble] 29/8/2013 17:10

Kiss of death from ZM, whose buy really means sell; into any liquidity this tip creates

[broncowarrior] 29/8/2013 17:08

Well that all ground to a halt today. Strange that flurry of trades, not sure what caused it.

[howdlep] 29/8/2013 09:53

excellent news for AME if Zak Mir's chart view of ALO comes true at 2p +. Remember, AME's investment in ALO is at 1.15p

[howdlep] 29/8/2013 08:06

and one or two more buys today and we will have the first tickup....