London Mining Share Discussion Threads

[hvs] 19/10/2014 12:27

They will get Vindaloo and SAMOSAS for life.

JINDAL will make sure of that.

Will the Finanace Minister of Sierra Leone be shaking hands then ?

[miamisteve] 19/10/2014 12:24

There is no chance of shareholders getting money back. There are too many people ahead of them in the queue. Creditors will get pence in the pound, the convertible bond holders nothing, Black Rock's earning contract nothing and shareholders nothing.

[hvs] 19/10/2014 10:38

lol !!!!!!

Will the adminstrators be visiting Sierra Leone to get the money back ?

How much will they get ?

Looks like Vindaloo and Samosas for life for shareholders.

JINDAL is in the picture.

[hassani2] 19/10/2014 10:25

Leecoyote you are wrong,share holders can get their money back,company got up to 12 months to solve it

[sweepie2] 19/10/2014 10:24

Sadly there will be no money from what ever deal the administrators sign, though never an impossibility but highly highly unlikely. Whoever buys the bones be it Indians or more likely Frank will not give a fig for the interests of shareholders

[leecoyote] 19/10/2014 10:16

Kirk, in a word NO.

Look up what "administration" means.

The moneys gone. End.

[kirk 6] 19/10/2014 10:13

Sweepie does that mean share holders might actually get money here

[sweepie2] 19/10/2014 09:56

From LSE BB

AMI will not be sold cheaply as Frank Timis has spent years developing this investment. The value of the business hasn't changed ..... Just the share price He will hold out for bids in excess of £2-£3 minimum as he is in no rush. This means he is not out to strengthen LOND unless he owns it, that's the only deal he is interested in unless it becomes a strategic alliance that benefits his investment. A lot of people are writing on here looking at value against the current share price price ........ It's about the value of the business which isn't anywhere close to the current share price price. So LOND cannot be profitable without AMI or Frank ....... This is all about the railway holding all the trump cards and means Frank has the ability to control the value of LOND

millsm - Today 09:11Recommend 2 | Report

This all goes back to 2004 when the original proposal for investment included both Marampha and Tonkolili. Then it was a case of upgrading the railway, an extension spur to Tonk, sorting out Pepel (got some nice pic's) the dredge to clear the route from the loading point.
Once the cat was out of the bag (business plans are not confidential once on the ministers desk) there was a scramble by AMI to get in on the action. This was before LOND knew anything about SL.
We (original investors) paid for the licence (several of those were of dubious) hence the dispute on "boundaries" later.
The original investors, trust me these were a few..got stiffed and the licence went walk about only to appear on LOND desk. LOND ran with the proposal despite protests. Frank, bless him had a bigger stick and advance notice of the proposal and pushed for the exclusive on Pepel and the rail link. This went to Parliment where it was decided that duel use was in order.
Once this happened LOND was done for, missing both Tonk mine (by far the largest deposits) and exclusivity on the rail they were always destined to fail. They did not want to do a deal with Frank as he could dictate the terms of the rail usage (hence gun to head). The disaster on the road / barge option I think encouraged Chris to step sideways....(sure other factors were involved mind you ...$40M).
Anyway, just some background...offers are in...several...should hear shortly, but AMI is still really the only game in town. Don't under estimate what it takes to operate over there, Frank is an old hand and covers his bases very well.
The Indians are really only a source of cash, plus a ore buyer...Frank is an operator and knows how to pull strings!
Really hope things work out for all PI's and the SL workers....nobody is gonna let this fall over.
You maybe suprised at some new names appearing in the mix over the next week.
Sorry sweepie2 should have mentioned a bit more on the LOND chat....good luck and I think you are right

SLNomad - Today 09:44Recommend | ReportGo to Thread (2) Reply

[sweepie2] 19/10/2014 09:07

Only buyer in town is this Frank?

[hvs] 19/10/2014 09:00

Is he attending the FUNERAL ?

[jane downs] 19/10/2014 08:51

SIERRA LEONE’S finance minister flew into Britain this weekend in a desperate attempt to save London Mining - AMI, LOND News
Today, 8:50 AM

SIERRA LEONE’S finance minister flew into Britain this weekend in a desperate attempt to save London Mining, a big employer in the west African nation alre - AMI, LOND

[kirk 6] 18/10/2014 22:08

Travis why isn't bzm on your list? Didn't you say that was going bust

[travls] 18/10/2014 18:57

The definitive list of AIM companies about to go bust:

Tangiers (skint)
Tower (skint)
Sefton (crooks and skint)
KEA (skint)
NEW (shower of crooks and skint)
Range (skint)
London Mining (went bust on 16th Oct)
Ultrasis (set to delist very soon)

VOG added to list 17/10/2014

[kirk 6] 18/10/2014 12:53

Travis why isn't bzm on your list? Didn't you say that was going bust

[datait] 17/10/2014 15:39

You never know this might just come good in the end.

[bean02] 17/10/2014 14:33

These have just been included in my Hl account! Shame I can't sell em :)

[deltrotter] 17/10/2014 10:52

HectorP and forwood called it like masters.

[hvs] 17/10/2014 10:30

Anyone know where the funeral and service will be held ?

Sure they will provide plenty of drinks after the funeral. Its awash with cash.

[loverat] 17/10/2014 05:55

Good post above. You are of course right. The majority of these ambulance followers and hindsight specialists are spineless and low grade. Some folk made some money here at 0.17p and selling far higher. Most of these traders have moved on to the next one and forgotten this. Certainly not hanging around this board proving they made the right decision.

This is Stig in action with his £100 investments.


Stockologist 16 Sep'13 - 15:24 - 7691 of 7693 0 0

My £100 pop in this has become £50 but I'd be minded to put another £100 in here to bring my average down and presumably they have a real plan for this before this tranche runs out in a couple of months

[newzealander34] 16/10/2014 22:10

Duxy post on 9th oct"Last half hour of trading....watch the trades.The MM's and the big boys allowed PI's to have a nice starter (yesterdays shorters) and small main course (Hectorp and others who sold today). Now watch that RNS drop with a 5p+ take over. Their luxury desert!"So you got your luxury desert now! Enjoy it duxy