Amara Share Discussion Threads

[dibs61] 29/2/2016 17:39

TCMC - I agree, unfortunately I think theres unlikely to be much competition re a rival bid. Be pleased to be wrong though! Its important to say though that not everyone has lost here. My average (with a decent holding) is 7.9p so I'm quite happy really. Initially I was tempted to just take the profit. However now I'm thinking I might take up the offer as it allows me to retain the assets I originally bought into (cheap) plus now being invested into a medium size producer. Quite attractive.

[the count of monte_cristo] 29/2/2016 16:58

First of a whole bunch of consolidation across the gold exploration and mining sector and wider resource sector.

To follow up on my post from yesterday, which was a well timed guess, I wonder what the two largest shareholders think...and will vote.

I dunno...they could get taken out under the radar or a bidding war could kick off, my money would be on the former.

[corrientes] 29/2/2016 15:50

Looks like the company will go out with a whimper to judge by the share performance so far today.

Whether the gold price increases,reduces or stays the same, I think PRU is the clear winner if this deal goes ahead.

If the AMA main asset is as good as the Board claims, then on that basis, with so few mid tier mines in the offing, there ought to be a counterbid. Then again, the institutions looking for quick profits, will have PI's stitched up, so no problem there then !

Pathetic.

[amargosa] 29/2/2016 13:46

Yes, it might flush someone out with more cash, who was waiting until we ran out of money in July before they swooped in. However, the deal with PRU is better than a kick in the rear.

[corrientes] 29/2/2016 12:40

Not terribly impressed. If the anti-gold emotional index is turning in our favour, and financial restraints are getting a little looser, maybe a bigger fish will emerge. There's enough time.

[edjge2] 29/2/2016 12:15

best wait and see IMO.

[richgit] 29/2/2016 11:41

ODR
In this particular situation,I look upon it as getting a piece of a very big
and DOUBLY UNDERVALUED Pie.

Perseus benefit from our considerable undervaluation and we benfit from their
undervaluation.... plus arguable financial power to deliver both undervalues
into a multi year Gold game.

When the time comes- the Market should be in good mood to support those that
can deliver.


Time is on our side (IMHO)and I do cross fingers that now AMA is in the spotlight We don`t attract any "Full opportunistic bid" from anyone else unless it is well beyond £200 Million.

Our assets "could" Produce $billions in Gold over time so assuming Perseus
can bring them (and theirs) to the fore- the potentials are immense.


IMHO

[onedayrodders] 29/2/2016 10:08

excuse my ignorance but what is exactly happening here .. a buy out and at what price ? Not been in this situation before.

What are the options for shareholders after today's news ?

[boadicea] 29/2/2016 09:53

Zang - Their actual words were "examine the merit" of an lse listing.
I think they might find it helpful to strengthen that to a commitment in order to improve the chance of the required 75% vote to pass a Scheme of Arrangement.
However your comment is correct in pointing out that their statement expressed something less than a positive intention at this time.

With respect to relative Perseus/Amara valuation, we do get a premium on current valuation and it is fair to argue that Perseus is also currently undervalued although perhaps to a slightly lesser extent.
The combination appears to give both parties better prospects - more immediately for AMA, longer term for Perseus. It's difficult to argue against the logic imho.

[darcon] 29/2/2016 09:53

Worth having a look at what PRU's shareholders are thinking on Hot Copper.

[dibs61] 29/2/2016 09:45

Gersemi - good point and quite correct - Perseus are buying on a kind of EV basis (although no debt the capex requirement as you say has to be taken into account.) Now whether someone else will come in and trump it is another matter.

Don't forget the warrants potentially carry considerable value.

[gersemi] 29/2/2016 09:29

You have to balance the lower price for AMA with the dilution (debt or equity) that would inevitably have occurred to raise the necessary capital to develop AMA's main asset..You can't have your cake and eat it

[amargosa] 29/2/2016 09:27

Looks like the TO was enacted at the worst possible time for AMA, didn't even get the uplift from the revision work to the PreFS. Can't tell whether we've been rescued or rogered.

[pugugly] 29/2/2016 09:09

Anyone any knowledge of Brokers future share price targets ? Well under water here but do not want to give too much away by selling out now.

[richgit] 29/2/2016 09:00

Sweet & Sour.


I would have wanted any total take out bid to be beyond £200Million yet weak sentiment suggests We would be open to opportunism for some time yet.



This way We get a stake in a very powerful "combination" and enjoy the serious undervalue by the Markets on both counts.

Thus-for those considering a Gold Market that could yet see the days of "frenzy"
in the future then it is "game on" for what could/should be a Gold powerhouse that investors can stay on board with for hopefully years to come.

Any outright bid and whilst you get the money- you have to find another Gold situation of such multiple potentials and strength to bring them to the fore.

I like it,yet I am in for the longer term with Gold,especially from such undervalue and the worst sentiment in decades (maybe ever).


IMHO.

[darcon] 29/2/2016 08:50

They need 75% of those voting to get the scheme of arrangement approved. I think the offer should have been better and substantially undervalues our company and plan to vote against.

[the count of monte_cristo] 29/2/2016 08:10

Hmm, my posts seem well timed. Nice RNS this morning:))

[zangdook] 29/2/2016 08:06

Where does it say they intend to apply for a London listing, boadicea? The thing I saw just said they would think about it, or words to that effect.