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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Angel Mining | LSE:ANGM | London | Ordinary Share | GB0009348862 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.535 | - | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
25/1/2013 23:11 | This will not come back. Read what the RNS said;- "Following demands from a creditor for a payment that the Company could not meet and the threat to issue a winding-up petition, the Company has today filed an intention to appoint an administrator." The company would not put out a statement of that nature unless a real fight had broken out. ANGM had already forewarned a restructure would take effect at the end of year, I personally think NH has had enough of Cyrus and all the other bloodsuckers feeding off this company. Basically he has said enough is enough. | pwhite73 | |
25/1/2013 15:13 | Spoke to Nomad yesterday unable to reveal much but work continues at Nal so sufficient supplies on the ground at present to carry them through this period at least. IF pillars have started to be processed then a few more pennies in the kitty if pour/pours can be made within the 10 day window and should also allow us to see IF the company survive what sort of return can be made from them | stuart143 | |
25/1/2013 15:05 | In a nutshell no revenue from the gold sale from Nalunaq should have been used on Bam. Instead any excess revenue should have been used to pay down Cyrus' loan as opposed to using new drawdowns with Yagm to finance day to day opex/capex on Bam - the constant renegotiation of new repayment dates mean a bigger interest bill on top of existing loan. Management should have learnt from the debacle with Socius - wonder if Socius know something other shareholder do not? Lets hope shareholders get a return from this management induced predicament. | b3thany | |
25/1/2013 14:50 | I think Angel have had alot of complaints about giving 75% of Bam to clear part or all of the debt. So this clever way of saying, if we can't sort out a finance restructure withing 10 days, then ANGM will have no alternative, but to go into administration! very clever by ANGM. This way shareholders will be happy about Cyrus getting 75% of Bam and say, well at least we still have hope!. They still had 3 weeks to deliver to Cyrus, and if NH was partly telling the truth, then the payment to Cyrus could have been reached. He said the workers where going back after their Christmas break, they where starting to work the pillars, the first Q 2000oz should be reached each month. He also said Nuna Minerals would have the results of the Gold samples in the last Q, he said he e-mailed them before Christmas. Like GB i think they will keep going, and news will be with us in the next 7 days or so. But one things for sure, holders have being shafted by Angel. | cube boss | |
25/1/2013 13:15 | Good post Induna.I think some here have forgotten about the awful money raising conditions that ANGM management have accepted in the past.They often allowed their lenders to pre-sell shares before they ever handed over the money, to guarantee the lender a profit.This came to light when Socius refused to cough up $3m because the share price fell a bigger % than they expected and they instigated their 'get out clause' and refused to give ANGM the $3m.Then it turned out that they had already sold 50m shares into the market and couldn't give ANGM them back.We were never told about what happened about the 50m shares Socius owed ANGM,I expect it is still with the lawyers! | gb234 | |
25/1/2013 12:39 | Yep, Badhshah but you may get the chance to sell when/if ANGM return to AIM.I think that they will put out some good news prior to their return to try and stop a share price collapse.This news will probably include Nunas gold find in the Nalunaq mountain and maybe a half decent gold pour or two.However,there will have been a consolidation and placing which will encourage a lot to sell up,which will probably be wise IMO.I will post about it when it arrives. | gb234 | |
25/1/2013 12:31 | It is too late now. | badhshah | |
25/1/2013 12:28 | Badhshah,Cyrus are NOT the new owners of ANGM,ANGM simply owe them $30m.ANGM will either go into administration OR DO A DEAL with CYRUS.IMO they will do a deal.The deal will involve ANGM giving up 75% of Arctic Mining for SOME of the debt and ANGM diluting existing shareholders IMO.The dilution will be done via a consolidation and placings of the Socius/Seda tap type,where the lenders have little or no risk,IMO.Time will tell.I don't think that you will come out with nothing here, as some do but you would have been better off selling up prior to suspension like I advised you to do. | gb234 | |
25/1/2013 12:24 | I'm not a holder, but had this in my stockchallenge for 2013, no chance of winning it now :( | mreasygoing | |
25/1/2013 12:20 | Spoke to Nomad yesterday unable to reveal much but work continues at Nal so sufficient supplies on the ground at present to carry them through this period at least. IF pillars have started to be processed then a few more pennies in the kitty if pour/pours can be made within the 10 day window and should also allow us to see IF the company survive what sort of return can be made from them | stuart143 | |
25/1/2013 12:16 | Cyrus is the new owner of the new angm.Gb I understand your knowledge of spiralling affact on shareprice after consolidation. Before we come to any conclusion we have to read an update.If we get anything back, that will be bonus. | badhshah | |
25/1/2013 11:58 | I would have... | fludde | |
25/1/2013 10:20 | reallyrich,ANGM owe Cyrus $30m now but part of the deal with Cyrus for 75% of BAM was Cyrus pays ANGM £1 AND a REDUCTION of the debt.I think the reduction will be enough to make it worth while for ANGM to continue.My guess is a $10m-$15m reduction,leaving ANGM owing Cyrus $15m-$20m but I am only guessing and the reduction could obviously be much different either way. | gb234 | |
25/1/2013 10:13 | Badhshah,I did not say the share price wouldn't go down,au contraire, it will tumble in real terms in time(it possibly will tumble on first day of re-opening on AIM).Once the consolidation is done and your diminished number of shares is increased in price,then discounted shares will be sold into the market periodically and the share price will drop bit by bit over time. | gb234 | |
25/1/2013 10:08 | JAFs question 'Who is going to buy these shares?' 'Since even you have realized that there will be a share price death spiral on your predictions,one can assume that every other investor has aswell'.NO every other investor won't necessarilly agree with my analysis,you for one were too thick to believe that suspension was coming.Now you are too stupid to work out how ANGM could place shares,even though I have explained how several times before.Once more so that EVEN YOU can understand how. ANGM consolidates the shares say 50:1,so the new share price is 25p.They then do a deal with someone like Socius who agree to take on shares at a discount aslong as the share price doesn't drop below that discount level.Sound familiar? It is,as it is the same deal Socius had when they reneged on a $3m loan AFTER pre-selling 50m shares into the market, which ANGM never got back yet, as far as I know! This deal is a cert winner for the lender as the shares are pre-sold into the market for a guaranteed profit before the cash is handed over.Are you so senile JAF that you have forgotten that this method to do placings is tried and tested here? | gb234 | |
25/1/2013 10:01 | Gb I agree with you. You've been right all the time. As long as it does not go down I will be ok. | badhshah | |
25/1/2013 09:55 | NO and NO Badhshah.I am not a holder, so I am not trying to find some good where there isn't any.I am just pointing out what I have thought as obvious for months.This is not the end of the ANGM saga,ANGM won't go bust or into administration because Cyrus are to all intents and purposes in charge here.Cyrus want their money back and they know the true value of BAM.75% of BAM will produce them massive profits and ANGM can have the 25% crumbs for running the venture. | gb234 | |
25/1/2013 09:09 | yes and yes | reallyrich | |
25/1/2013 09:08 | So is it finished then? | badhshah | |
25/1/2013 08:45 | Hope springs eternal. That's why people have been buying all the way up until two days ago and will continue to buy if gb's scenario pans out. | apetley | |
25/1/2013 08:35 | gb, A brilliant and original analysis. Just one small question - who is going to buy these new shares ? Since even you have realized that there will be a share price death spiral on your predictions, one can assume that every other investor has as well. | jaf1948 | |
25/1/2013 08:22 | Thats ok 99 | twirl | |
25/1/2013 07:42 | Cystalblue,once again you are the one who is wrong,ANGM aren't bust,the game isn't over yet.As Beth pointed out this is Cyrus's game,they are the one owed $30m and they can already get 75% of BAM for £1 PLUS a reduction of debt.My forecast here is playing out just as I forecasted.1. Suspension followed by 2.EGM and vote on consolidation,placin | gb234 |
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