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Amara Mining Share Price - AMA

Share Name Share Symbol Market Type Share ISIN Share Description
Amara Mining LSE:AMA London Ordinary Share GB00B04M1L91 ORD 1P
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00 +0.00% 9.78 9.30 10.25 - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) RN NRN
Mining 0.0 -7.9 -5.3 - 41.08

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Date Time Title Posts
08/10/201513:55Amara with Charts & News2,894
05/11/201407:47Amara Mining share price analysis1
05/9/201413:44Reasons to BUY in Amara Mining-
03/10/201208:30Association Of Mining Analysts - News and Views2

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corrientes: Do you think for one moment that the highly reputable AMLIB would want to be associated with AMA if the company is not what it claims to be ? They'll have done their due diligence,and the company is hardly a one trick pony. To judge by the mainstream stock market and property, you might think that everything in the garden is economically rosy, but of course being pumped up by the creation of money out of thin air, not backed up by a commensurate rise in real assets or productivity. Gold shares are conversely unloved and about as 'volatile' as they come, prone to extreme highs and lows,like now. Both extremes are the products of sentiment, not of facts, but then this is the stock market. I happen to believe that the AMA share price will come good eventually because it has real assets, and I don't think you can extinguish gold as the barbaric relic which so many claim it to be.For those needing instant gratification, gold shares are not normally the place to be, and if like many, you've bought much higher up, patience is required, but timing is everything.
the count of monte_cristo: Pineapple so far you have been wrong with your predictions on the AMA share price.
rogsim: After the re-setting of a week ago, the downward trajectory of the AMA share price seems very similar to that of the previous six months. As a [stupid] holder from the 100p days, I'm wondering what the flurry of activity was all about? Who bought and who sold?
bikwik: Just following on from my previous (longer term) chart and comments: As you can see, Amara held onto major support at 8.75p last month, the 13th month from the 2014 peak. So, if time equality with the 13 month upswing from the July 2013 low follows, which it looks like it should, then the next course of direction is up. What was good, was the false downward break of the level shown with the black arrow (about 9.5p). False breaks are good because they represent a turnaround in sentiment from the mood and direction that preceded it. Often major moves begin from false breaks, that is also why they are worth keeping an eye on. Also, the MACD shows bullish divergence with the share price and has just given a buy signal. This fits in nicely with the false downward break. Plus i like the orientation of the 20 and 50 day moving averages which are converging and look ready to turn up fairly soon. I have drawn three thick red resistances lines on the chart. The downtrend is the first one to clear ahead of a tightish zone of resistance around 13p-14p. However, before those we need to breach the small horizontal resistance at 10.5p, shown by the thin red line. Given all the technical evidence so far, i'd say the chances of getting to 13p-14p, quite possibly before the end of the year are very good. Of course, it is also quite possible too that we could see it get there well before then. I'd say also, that the improvement in the gold price, particularly after the FED failed to raise interest rates, and particularly expectations of being unable to do so at least until the new year, suggest strongly for gold to continue trending higher.
hutch_pod: Taking the MII case the npv is maybe 85p per share. Agree a share price recovery is needed to make the dilution bearable but I guess it would come if gold recovers, which also has the benefit of lifting the npv (at levels above 1250). Admittedly 1250 seems a long way off now. But one day?
pineapple1: All sounds very good and its been repeated ad infinitum by those married to gold and gold miners. However between now and then AMA will need to raise conservativiley $200m in order to construct the mine. How exactly is it going to pay for this. Its been fond of doing so with dilution as do most tiddlers before first gold pour . When they get to BFS they will require money again and they have decided to drill even more holes in the ground which will expedite this. So $200m ?????? They'll be a few shares around by that time.Investors must be potty holding this with such large amounts required in the medium term and expect to see a rising share price.(not withstanding as a caveat that somebody with the money could bid for them of course) Chart resmbles a giant H@S to me. and £60m m/cap ain t cheap considering SHG which is producing could be had at half that price. I hold neither by the way. imho
amargosa: Management have a serious addiction to dilution now, despite promising they would not do it. They said they would need about $10m for the BFS, they took $20m. Now another $10m without even needing it - they clearly don't believe the share price will be higher next year, otherwise why do this extra $10m now? The truth is the management are doing what's best for the management (and the longevity of the company in their hands) rather then the current shareholders. Big, fat salaries from the boom days - why would you want that to stop with a takeover? 11yrs on from (about) a 60p float, no dividends paid and now 14p. What's the point? It's more like a shareholder-subsidised charity than a business owned by shareholders for shareholders.
hutch_pod: Yeah I thought the quality of the resource is protecting the current share price. Also there does seem decent upside potential even after raising capex say 25% equity, 75% debt, at least if I play with the Allenby NPV estimates from last year.
sportbilly1976: "The Options may be exercised between the third and the tenth anniversary of the Grant Date and are exercisable at a price of 24.00p per share, being the closing midmarket price on Friday 05 September 2014. " "The new grant of options ensures that the Executive Directors and senior management team are incentivised to deliver strong share price growth through the advancement of the Yaoure Gold Project..." I'm sorry, but those two sentences do not belong together... how can you incentivise people to deliver STRONG SHARE PRICE growth when the options are at the price already? Price them at 40-50p and then maybe...
kibes: Just wondering whether to buy into this but the situation is unfortunately one which seems to happen rather a lot. Company has large and very attractive assets but does not have the money to develop them. So it will either have to borrow money (not easy in the current climate), take a rich partner (who will take most of the value of the assets) or raise money from existing shareholders (which would be at a discount to the current share price and may not raise enough money anyway). Or otherwise try to sell the whole lot, probably for a very deep discount in the current climate. Does the market have any appetite for investing in brand new gold mines at the moment? I think not. I am inclined to wait and see where they think they are going to get the money from before buying.

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