Amara Share Discussion Threads

[amargosa] 27/1/2017 11:53

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.

[darcon] 27/1/2017 09:46

I read the quarterly and listened to most of the conference call last night and am reasonably assured that they are doing a thorough job to address the issues identified. Main issue that the market seems to be concerned about is the head grade and life of mine and value implications. And management are working on persuading the market that that is a temporary issue that will pass. The proof will be in the pudding.

[amargosa] 27/1/2017 09:23

JQ sounds very upbeat about the future production at Edikan, but then he would say that, wouldn't he.

[medved5] 18/12/2016 17:47

Wont exist in 6 months time

[amargosa] 18/12/2016 17:37

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.

[onedayrodders] 17/12/2016 10:24

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

[amargosa] 16/12/2016 17:16

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.

[onedayrodders] 06/12/2016 13:53

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

[darcon] 02/12/2016 13:00

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

[medved5] 02/12/2016 08:38

Darcon you were totally wrong I was right about BCM

[rogsim] 02/12/2016 08:10

If there are still any readers of this BB:

[onedayrodders] 24/10/2016 10:36

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.

[amargosa] 30/8/2016 08:21

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?

[darcon] 27/8/2016 07:49

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

[amargosa] 23/8/2016 10:01

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.

[amargosa] 15/8/2016 09:30

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.

[medved5] 15/8/2016 09:23

Looks like they already have someone lined up for it