||EPS - Basic
||Market Cap (m)
Amara Share Discussion Threads
Showing 3226 to 3247 of 3250 messages
|Wont exist in 6 months time|
|Yep, one can only hope that it's all sweet from here on in for the Company, but of course there's also the 'gold problem' to consider.|
|The guidance has been reduced but they haven't shut the mine down.
Problem is guidance is seen as competence by mr market so they are gonna need to gain that back|
|I suppose you could argue it had been holding up well until now, but that doesn't matter anymore. Cannot disguise the cliff-edge graph or put tinsel on it.|
|Has anyone exercised their warrants and if so how long did it take until the shares were in your account.
I've been waiting nearly 4 weeks and still not completed|
|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 you were totally wrong I was right about BCM|
|If there are still any readers of this BB:
|Perseus Mining Limited (ASX: PRU)
Shares of Perseus Mining have spiked more than 11.4% today after the gold producer reported better-than-expected production figures for the September quarter. A significant improvement in productivity achieved at the company’s Edikan gold mine resulted in a 9% increase in gold production over the prior quarter and allowed Perseus to maintain its half-year production guidance of 80,000-100,000 ounces. Investors would also be pleased with the sizeable fall in production costs during the quarter, which came in 6% below the June quarter.|
|Interesting, it appears Venezuela is making amends following Chavez's disastrous nationalisation policy. Will SL be forward thinking (oh, and remember what UK special forces did for the country not so long ago) and refrain from killing foreign investment?|
|The following article refers to a company receiving a substantial sum for its mining data after having its licence nationalised by Venezuela:
If anyone pops up in Sierra Leone re Baomahan data I hope PRU don't sell their data too cheaply|
|Cluff was doing prep work at Baomahun long before they were awarded a mining license, so I guess they could apply for the mining license again (with suitably large brown envelopes) when they are ready to mine it.
PRU share price still on the decline.|
|Darcon, yes agreed, there will be detailed agreements set out for the mining licence, but Cluff/Amara pumped millions into local infrastructure project, roads, schools, employment; to be dumped on like that stinks - a country that does that becomes uninvestable in an instant, and for what, a few brown paper envelopes - goose, golden eggs, etc.
There is no suggestion from the limited info released that the Company even put up a fight.
There just never seems to be any decent news out of PRU.|
|Looks like they already have someone lined up for it|
|amargosa - it depends on what SL's mining legislation allows them to do. There may be change of control provisions which the SL minister has taken advantage of. Other companies contemplating acquisitions of SL mining assets will need to tread warily. To me this looks like a very short sighted action by the minister involved|
|Amara worth Nothing|
|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.|
|I can remember when Baomahun was the flagship project of Cluff Gold. Note the spelling in Perseus' sub-heading: HTTP://www.bloomberg.com/press-releases/2016-08-14/perseus-mining-limited-mid-quarter-update|
|Looked at the new PRU investor presentation - Baomahun doesn't even feature - all that money Cluff spent on that - value destruction, squared.|