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ANGM Angel Mining

0.535
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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

Angel Mining Share Discussion Threads

Showing 62901 to 62923 of 63250 messages
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DateSubjectAuthorDiscuss
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,placings and loss of 75% of BAM 3.Consolidation and PLACINGS 4.Return to AIM where shares are issued periodically to fund ongoing expenses and ANGMs 25% of BAM development costs,a share price death spiral of periodic overhangs.Cyrus are an investment company,they don't want to run the show directly and they will gain nothing by just putting ANGM into administration.Administration will be given as the alternative to voting for consolidation/placings and Cyrus BAM deal mind.
gb234
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