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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Afferro Min | LSE:AFF | London | Ordinary Share | CA00818V1031 | COM SHS NPV(UK REG) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 88.75 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
20/11/2013 09:11 | The trick, goliard, is to know which 20% of the 100% is correct. | gheebee | |
20/11/2013 09:04 | Nobody seriously thinks they're going to get cash for the loan notes at the end of this do they? The terms allow IMIC to pay out in shares at their discretion. The equivalent of 46.5p in IMIC shares is the best we can hope for IMO. Also IMO, there's a good chance that there'll be little value left in IMIC by that time, assets will have been shifted elsewhere before then (all legal & above board, our vote in the matter (if we have one as loan note holders) will count for little). Always the pessimist........sti | isalolly | |
20/11/2013 08:59 | Don't be too hard on yourself GheeBee. At least your posts are entertaining, even if they are about 80% nonsense. You should at least be proud that you manage to post some things that are correct. | goliard | |
20/11/2013 08:57 | maybe a shot in the dark but the fact that imic have taken on more debt could expedite the completion of the deal. thus giving them access to the afferro's cash so enabling them to service the interest payments | whum | |
20/11/2013 08:43 | Goliard Someone should draw your sterling observations to the attention of the NOMADs so that they can learn from a master. The NOMADS who advised and authorised the timetable and the three delay amendments. the same ones who haven't yet prevailed upon the Concert Party to issue a more timely and realistic assessment in what will be their fourth amendment, that is. ML BOA could also benefit. Dual listing causes complications and delay? Who'd have thought it? As for over active imaginations, even those of us prone to flights of fancy have a grounding in facts. The fact that the Board of AFF have declared that their (unspecified) interests are not the same as the Shareholders is just that. A documented fact. The very close business relationship between the Board members of AFF and IMIC and with AIOG leadership is also based on well documented fact(through AFREN, GASOL, AFGAS, MRR, the first AIOG and MARIO). Recognising the facts, it is difficult for a "mushroom" with a fertile imagination like mine to square the negative assessment of the future put forward by the AFF Board with the debt fueled confidence expressed by Mr Kanabar and colleagues (I notice Mr Cooper has stopped involving himself directly in IMIC RNS's). A less over active imagination (like yours perhaps) will take comfort from this and conclude that this deal is indeed 100% guaranteed. | gheebee | |
20/11/2013 08:34 | More debt on imic 25 million at 12%paHow on earth will the interest payment be made especially with out any income for at least the next 2 years. | robrah | |
20/11/2013 08:18 | Noirua is just keeping the bb entertaining .By the way believe it or not the BoD read the bb everyday as they have nothing to do all day.Evident from the great progress seen in the last 7 or 8 month. | robrah | |
20/11/2013 08:15 | Noirua: Is that speculation re the change in terms or have you got wind of something significant? You write so positively as if you are in the know. A change of terms downwards like that would be very like Hanlong with Sundance. And we know where that ended up (so far). | brettmo | |
20/11/2013 07:47 | I would justify it by pointing to all the posts complaining that the deal isn't completing quickly enough. As for 'over active imaginations' you can pretty much take you pick. This is a complicated deal with major financing issues, dual listing, bonds being issued, bank debt being secured, etc. it will go at the pace of the slowest part. Obviously the new IMIC debt was required as part of the overall package, so we were at the mercy of the bank's credit committee. There may be other things we have to wait for too. I sold a while ago and used the money elsewhere, but have bought back now. I don't expect the deal to be completed until Q1 next year, but if it happens before that then great. I paid the equivalent of approx 1p for a 46.5p loan note and am happy to accept the risks attached. If you're not, then sell now. | goliard | |
20/11/2013 07:39 | 'Patience is a virtue that is in short supply on this board' Not too sure how you justify that statement goliard???? | woodpeckers | |
20/11/2013 07:35 | Patience is a virtue that is in short supply on this board. Over active imaginations, on the other hand, are clearly not. If you think there is a real risk to the deal then sell now and take your 81p. Those who are holding clearly want the IMIC loan notes despite disparaging them. Hopefully IMIC's RNS today will calm people down a bit. | goliard | |
20/11/2013 00:05 | IMIC may be preparing to vary the offer to reduce the amount of cash required. Maybe, 65p in cash + 1 share in IMIC as an alternative. The present offer becoming 80p in cash and no loan stock. | noirua | |
19/11/2013 22:40 | Flies are from King Lear actually | gheebee | |
19/11/2013 21:52 | .. deleted due to inadvertent repetition | albertedwin | |
19/11/2013 20:16 | I think most of us who invested here would say a resounding yes! | woodpeckers | |
19/11/2013 19:40 | is it all a cunning plan to relieve the small investors of there holdings? | whum | |
19/11/2013 19:03 | Lets face it...aint no way we are getting paid out before christmas. This is turning into a Sundance mk2, and it seems theres nothing we can do except beg for some lube as they shaft us :( Utterly disgusted now by it all - only saving grace is that its stopped me putting the proceeds into 'rock bottom' miners which have just continued to get cheaper lol | nav_mike | |
19/11/2013 14:45 | as alex ferguson would say its squeaky bum time | whum | |
19/11/2013 13:42 | I wonder what will happen to the share price when the whole deal falls through?? | bcl42 | |
19/11/2013 13:17 | It says "We (AF and IMIC working together) can pull the plug on this for any reason we like but if we want it to go ahead we don't need to stick to the detail of the agreement" Seems fair to me. | gheebee | |
19/11/2013 11:46 | could anyone explain/interpret the phrase " inter alia ,the satisfaction or waiver of the conditions to closing" | whum | |
19/11/2013 11:10 | Expect another delay, they have to post the circular for the EGM and then 10 working days before the meeting, might not happen this year!! | exbroker | |
19/11/2013 10:12 | So this time next week we should hear something then; ...The amendments provide for the extension of the outside date to 26 November 2013. In addition to the approval of the shareholders of IMIC, the Arrangement remains subject to, inter alia, the satisfaction or waiver of the conditions to closing. It is expected that the Arrangement will complete prior to 26 November 2013. | the count of monte_cristo | |
19/11/2013 08:39 | yorkie I realise that but it needs putting into context of the outcome of the plenum in china shifting economic developement from external expansion to a domestic agenda. | whum |
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