Afferro Min Share Discussion Threads

[superslob] 13/9/2013 09:08

Seeing as no mention was made of Monday's vote, are we to infer this has also been delayed or have they not allowed themselves enough time between that vote and the previous outside date, hence the need for its extension?

[woodpeckers] 13/9/2013 09:00

I think the chances of this deal not completing are now very remote. This delay is more likely to be simply a case of IMIC trying to scare investors out so that they can pick up a few final cheap shares.

[gheebee] 13/9/2013 08:29

It can't go the same way as SDL-Hanlong can it? After all SDL and Hanlong are two separate companies run by completely different people who have no other business partnerships with each other, as far as I can tell.

[brettmo] 13/9/2013 08:20

I hope AFF-IMIC is not going the same disastrous route as SDL-Hanlong!

[the count of monte_cristo] 13/9/2013 08:03

OT - Green, hope the wind surfing is going well. Worth researching MNC. The reason I originaly got into AFF & GKP was down to the size, scale and quality of there projects, AFF is now in the process of being taken out, you know the story with GKP (just a matter of when and not if there). MNC has a world class copper project in Los Calatos, capable of producing 100,000 tonnes of copper per annum, which would be a big copper producing mine of interest to majors and the Chinese/Japanese, the company are currently speaking to companies who are interested in JVing into Los Calatos, which is currently 100% owned by MNC. The project is in Peru which has much lower energy costs than Chile, the worlds largest copper producing nation. Anyway worth taking some time to research that company. All IMHO and DYOR. Regards, The Count.

[nickdr99] 13/9/2013 07:57

Seems like imic were doing a reasonable job on newsflow and improving credibility only for someone to screw up again. still holding on the basis imic are serious about something (not for a minute do I think they care about PIs) and will not want to completely undermine their reputation by defaulting on the notes. But who knows....

[gheebee] 13/9/2013 07:50

Perhaps there's a complaint being lodged with the BC court over the lack of transparency regarding detail behind that bland statement in the circular that the Directors' interests may not be the same as those of the shareholders?

On another matter, did anyone else notice that our old friends from the pre-split days, Hentsch Bank nominees, have now bailed out of IMIC or at least gone below the regulatory radar level?

[allstar_07] 13/9/2013 07:48

Sorry if this has been discussed already but has anyone had an answer from td or iii on the ability to hold the notes; either in an isa or not?

[l234244] 13/9/2013 07:46

Yep I sold out too, good luck to everyone still holding though.

[woodpeckers] 13/9/2013 07:37

I think I may have bought your dregs Green! I sold out for a while as, like you, I didn't see the share price going anywhere and invested elsewhere ( mainly IOF, MONI and TCG but also coincidentally FXPO), but decided to buy back a small holding yesterday in case the share price started to move up a tad as we approached takeover.

I still feel that IMIC will do what our BOD weren't able to, so leaving 5p/share invested in the hope of it becoming 46p in 2 years still looks like good odds to me. I may be wrong, only time will tell.

It seems I am now however back in a little early!

[irenekent] 13/9/2013 07:15

Another delay. Trouble raising the dosh?

[greenroom78] 12/9/2013 21:35

Well, as of today, I am officially out of AFF. I can't be doing with the trauma of battling HSBC however right or wrong I am. Also the cash I have divested from AFF has performed better than leaving it in and taking an extra 40p in two years (if HSBC gave it to me), with that in mind I have opted to take my remainder now knowing I get 85p rather than risk taking 80p and sacrificing the remainder to the HSBC coffers.

To stick with IO I have bought some FXPO on the dip today other than that my other divestments have been away from the resource sector (excluding the quick 60% I took from adding to my MML).

I hope that the loan notes come good for all that hold on for them and maybe (just maybe) I might have a look at IMIC at some point. Aside from that I wish you all well with this and future investments and thank everyone for their help on here over the past 3-4yrs that I have held AAAM/AFF.

[el1te] 12/9/2013 15:17

Soul - Just regarding CAF. Cash isn't equal to the market cap. The market cap is £4.3m and the cash is £1.7m?

[arf dysg] 12/9/2013 14:24

parthus (41558)

"I am trying to buy my way out of the Institution for a sightseeing trip to the Cameroons.... "

Surely you can just bend over to see your cameroons?

[parthus] 12/9/2013 09:08

I am trying to buy my way out of the Institution for a sightseeing trip to the Cameroons....

[che7win] 11/9/2013 21:07

Mine is going to IOF.

[saint27] 11/9/2013 19:48

There were some very knowledgable and informative posters on here back when AFF was still going strong - with the uptick in sentiment on AIM could I ask where you guys will be heading with your proceeds? Does anyone see any other companies with similar potential in the west African iron ore space?

Any thoughts on ferrex?

[effortless cool] 11/9/2013 12:38

Robrah,

Certainly better timing than if you had bought yesterday!

Good luck with AMI - too much moral hazard for me.

[robrah] 11/9/2013 12:36

Thanks Mr. cool . Just bought some too tempting @163.Sure its a gamble But it not much different to when i bought aff. If not afferro . Ami will fulfill my african dream .One for the very long term .

[effortless cool] 10/9/2013 12:53

Is there anything to like?

[effortless cool] 10/9/2013 12:52

Also note the recent departure of both the CEO and the CFO, as well as the provenance of the replacement CFO and the short tenure of the previous CEO.

[effortless cool] 10/9/2013 12:43

Also look into the circumstances in which AMI "acquired" their asset.

[effortless cool] 10/9/2013 12:42

Try googling "Frank Timis drug convictions".