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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Amara Ming | AMA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 17.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 17.25 | 17.25 |
| Top Posts |
|---|
Posted at 24/7/2017 10:38 by rogsim amargosaThanks for posting that article. I thought Mr Quartermaine was straightforward in his interview on Sky Business ( confirming the impression I gained when I met him in London at the welcome for ex-AMA shareholders. As the article in thebull points out, it is down to African politics - and the price of gold. I'm happier with PRU under Mr Quartermaine than I was in AMA under Mr McGloin, especially after Lord Hain was appointed to "take care" of politics. |
Posted at 27/1/2017 11:53 by amargosa The analysts' questions got to the heart of the matter that's for sure; Jeff's answers were a little defensive, but, as you say Darcon, 'reasonably' reassuring. He did sound like he appreciated the precarious nature of his status in the Company.I've a feeling they took their eye off the (operational) ball in the run up to the AMA acquisition and are now paying the price for spreading themselves too thinly in terms of management focus and effort. The new LOMP will be key to how this is valued in 2 or 3 months. It's still possible to turn this around and punch up the share price. It's not quite an ex-parrot yet. |
Posted at 02/12/2016 13:00 by darcon Medved5 - How?I wrote that BCM wouldn't be able to unwind the acquisition by PRU of AMA. I also wrote that the "Worst case scenario is that AMA pays BCM US$14 million + interest in settlement of all BCM's claims." I was totally correct on my first point. And I was slightly out on the settlement figure but also totally correct on the second point which was that the downside was limited for PRU. And certainly not a reason to panic sell. Hopefully it's onwards and upwards for PRU from here now that this legacy issue is out of the way. Darcon |
Posted at 15/8/2016 08:55 by amargosa This is a shocker, esp for former AMA shareholders - the former flagship, and effing tens of millions down the drain!The SL Mines Minister cannot be serious - if a project is not economically viable, then it has to sit there until it is, anything else is just nationalisation. SL could just have shot itself in the foot. -- Perseus has been advised by the Sierra Leone National Minerals Agency that the Minister for Mines and Mineral Resources has cancelled Mineral Right ML 02/08 on which the Baomahun gold deposit is located. This action has been taken following Perseus's advice to the Minerals Advisory Board that development of the Baomahun Gold Project as defined by Amara Mining plc, which was acquired by Perseus in April 2016, is not economically feasible at current gold prices and that further exploration success and a positive feasibility study would be required before Perseus could consider committing to development. |
Posted at 06/7/2016 08:22 by dumbo4 Guys. I have a few AMA in my ISA in TD (Old Natwest). There is no entry for PRU in my account now nor for the warrants, although my account was debited for the cost of the warrants on 28 June. Is this normal ? In truth, I don't understand any of it ! Thanks. |
Posted at 26/6/2016 09:39 by darcon Medved5 - where on the Internet is the source of your statement?Worst case scenario is that AMA pays BCM US$14 million + interest in settlement of all BCM's claims. Like I wrote before, BCM isn't in a position to unwind the merger with PRU. |
Posted at 17/5/2016 09:42 by sequoia News just inNEWS RELEASE 17 May 2016 Information for Perseus Warrant Holders On 18 April 2016 the scheme of arrangement between Perseus Mining Limited (ASX/TSX: PRU) (“Perseus̶ and Amara Mining plc (AIM: AMA) (“Amara” became effective. As part of the Scheme consideration, Perseus issued warrants to former Amara shareholders. Perseus ’s registrar, Computershare , despa tched holding statements , including exercise information , to registered holders on 29 April 2016. As many warrant holders hold their warrants through custodians, it may take some time for custodians to forward statements and exercise information to beneficial holders. This timing depends on the custodian and nei ther Perseus nor Computershare can influence this. In order to simplify the process of paying the warrant exercise price for warrant holders, Perseus is pleased to provide a direct payment option. Warrant holders that would like to use this option should contact Perseus at info@perseusmining.c to obtain payment details . Please include the full name of the registered warrant holder for verification purposes. Please note that all amounts are to be paid in Australian dollars and net of any bank and other transactional charges. There are no charges for the receiving bank. Please ensure the payment reference contains the exact name of the registered warrant holder(s) and include s a print of the proof of payment with the exercise notice. To discuss any aspect of this announcement, please contact: Investor Relations: Katharine Sutton at telephone +44 207 398 1420 or katharine.sutton@per (London/Perth) Nathan Ryan at telephone +61 4 20 582 887 or nathan.ryan@nwrcommu (Melbourne) Perseus Mining Limited ABN 27 106 808 986 Level 2, 437 Roberts Road Subiaco WA 6008 PO Box 1578 Subiaco WA 6008 Telephone: +61 8 6144 1700 Facsimile: +61 8 6144 1799 Email: info@perseusmining.c Website: www.perseusmining.co |
Posted at 06/5/2016 08:30 by rogsim amargosa, Unfortunately not - my information came from a "source close to the Company". Perhaps Catharine Sutton is able to give you the information on when the Perseus Board will meet/has met.P.S. Having chatted with Mr Jeff Quartermaine, my initial impressions about Perseus remain favourable. They have a large ii base, as did Amara, and all seem loyal to the new entity, with listings on the ASX and TSX. What are the advantages of listing on the LSE relative to the expense? I was advised to certificate my AMA shares, and did so, but would welcome a London listing. |
Posted at 04/3/2016 09:40 by corrientes As business throughout the world contracts, there are few sectors that are likely to show growth for the foreseeable future. A surging gold price indicates one sector likely to spark a bit of interest. There's always moneyavailable if the price and prospects are right, rather than money simply being tied up in a bank account gathering peanuts in interest because the opportunity cost isn't presenting itself. With the AMA share price still suffering,I'd be very surprised if a counter bid doesn't come in soon. The PRU needs Yaoure quite badly. That doesn't mean AMA should bend over, not when you think that the risk reward ratio is moving very much in AMA's favour. If PRU succeed, this will be one of the steals of the century. |
Posted at 18/8/2014 08:30 by olivercromwell An even better article from MayMIDAS SHARE TIPS: Mining minnow Amara poised to dazzle as gold reserves rocket 30-fold By Joanne Hart, Financial Mail On Sunday Amara Mining is an AIM-listed junior gold company that has uncovered one of the largest treasure troves in Africa a mine in Ivory Coast with about 6 million ounces of gold in the ground. The size of the mine makes it a top ten asset in Africa and among the top 50 in the world, capable of producing more than 300,000 ounces of gold a year. Yet Amara shares are just 171⁄4p because the mine, Yaoure, is a good two years from production and sentiment towards gold remains uncertain. At this price, the stock is well worth a punt. Amara has three principal assets. In Burkina Faso, its Kalsaka/Sega mine has been in production for several years. It is scheduled to close over the next few months, but it will still produce about 60,000 ounces of gold this year and it has helped to fund exploration and development at Yaoure and at Amara's other site, Baomahun in Sierra Leone. Baomahun has deposits of more than a million ounces and was considered an extremely attractive asset when the gold price was more than $1,400 (£830) an ounce and rising. Now, with gold hovering at between $1,250 and $1,350 an ounce, Amara chairman John McGloin is focusing resources on Yaoure. The Ivorian asset has several important advantages. First and foremost, it is huge the biggest in the country and 35 per cent larger than its nearest rival, Tongon, owned by gold giant Randgold Resources. Second, Yaoure is located between Ivory Coast's political capital, Yamoussoukro, and its economic capital, Abidjan, so there are good transport links within a few miles of the mine and access to an educated workforce from a nearby mining university. Yaoure is also just a couple of miles from a major hydroelectric plant, so there is an abundant water supply, which is essential for gold production, and energy costs are three times lower than in neighbouring states. This means that Yaoure is capable of producing gold far more costeffectively than most junior rivals and would be commercially viable even if gold fell to $800 an ounce. Amara used to be known as Cluff Resources, run by mining veteran Algy Cluff. The shares rose to more than 100p in 2010 but then fell steadily as the gold price tumbled and sentiment turned against the metal. Cluff left to pursue other interests and McGloin was appointed chairman in April 2012. By last summer, the stock was just 10p. McGloin remained undeterred. Under Cluff's watch the company focused on Kalsaka/ Sega and Baomahun but did little with Yaoure, not least because of civil unrest a few years ago. Ivory Coast is now becalmed, allowing McGloin to turn his attention to the site. New focus: Amara's chairman John McGloin New focus: Amara's chairman John McGloin In the past 18 months, estimated reserves have soared from 200,000 ounces to more than six million. McGloin, a geologist, combines commercial nous with sound expertise as his career includes a long spell mining in Africa and several years at stockbroker Collins Stewart, now part of Canaccord Genuity. The road from finding gold to producing it can be long and difficult, but the Yaoure project has started well and Amara recently raised £17million to take it to the next stage a pre-feasibility study, which will provide further guidance about exactly how much gold is in the ground and how much it will cost to get it out. McGloin is already talking to potential partners about helping to fund the next stage and many followers of the stock believe Amara will either find a willing partner or the company will be taken over. Midas verdict: Amara shares are cheap because the stock market is nervous about junior mining firms and the outlook for gold is uncertain. The shares are not for the risk averse but, at 171⁄4p, there is plenty of upside potential. Even if gold hovers at current levels, Yaoure is an extremely attractive asset, so Amara will probably find the resources to take it into production or be gobbled up by a larger rival. Either outcome would benefit shareholders. An adventurous buy. AIM Ticker: AMA |
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