African Aura Share Discussion Threads

[yumyum] 08/4/2011 14:15

Yes j1nxed, Afferro now fully funding their share of all Putu expenses (prorata)
The more I think of this unusual share split (which I am very in favour of), the more I think that the sellers should have been selling while they could. Now there is a void period where you are unable to sell Aureus. Maybe it is counterbalanced by people hanging on for the butterfly split thinking there would be immediate downside. Anyway, I think in 2 weeks' time we will get a truer market. Great time to pick up Afferro now. Our independence is doomed I am afraid....

- yum

[dreggspicker] 08/4/2011 13:54

I just tried to buy some AFF, but my broker said there is no such ticker or name, but of course we are still AAAM ! so I done that trade instead.

[greenroom78] 08/4/2011 13:43

My mistake is that £33 just for AFF? I'll hold a bit longer then.

The fact that both of these are ISAble do make them ideal candidates for building a decent position. Combined AFF & AUE are now my largest ISA holding but I do feel I will push these holdings higher if prices stay at or around these levels. I do plan to hold my AUE but it will be AFF that I add to first.

[nomunnofun] 08/4/2011 13:42

Good fun this - owner of advfn biggest faller today and a happy holder

[j1nxed] 08/4/2011 13:42

yes but they can raise extra cash to drill more in akon/ngoa if they don't haev to fund their share of the PFS (i reckon $10-15m for 38,5%)

[horneblower] 08/4/2011 13:41

GR78. I don't do fundies..... but basically, yes ☺.

[longsight] 08/4/2011 13:39

j1nxed - not sure on that but I think that none of Affrero's current budget is for Putu though obviously at some point they have to put more into the JV - sorry to be vague on this

[longsight] 08/4/2011 13:38

Greenroom - no a 17x bagger on Affrero. But using Jennings's higher metric still possible to be 35x bagger. Depressing isn't it?

[greenroom78] 08/4/2011 13:35

Longsight - so not £333 then. If upside is limited to a ten bagger like you say then I can see why people are selling ;)

[pote] 08/4/2011 13:31

Got mine 191.7

[j1nxed] 08/4/2011 13:30

does anyone know if african aura have to partially fund the pfs for putu? in a previous link posted here one can read the following

"Russian steel giant Severstal is pouring US$30 million into the project to earn a 61.5 per stake. In doing so it will also compile a pre-feasibility study that is expected to be completed at some point next year. "

this makes it sound like severstal has to fund the PFS

[nomunnofun] 08/4/2011 13:30

I like this summary.

[longsight] 08/4/2011 13:29

bci42 - you are right! Apologies [from my calculator]. A mere £33 target on 150m issued shares. Still the Jennings valuation of US$1.50 a tonne wd still give £68 a share without dilution.

In any case, I think there will be far more IO than 4bt at Nkout / Ngoa / Akon. Hopefully the £5bn m cap target will be shown to be too low.

If they can hit £50bn m cap then my calculator will be shown to be right after all!

This does exclude the AUE Gold co.

[hero2] 08/4/2011 13:28

A FOK for 190p?-you must be joking!

[greenroom78] 08/4/2011 13:28

HB, shame as I know you had a decent upside view on the charts. You hold on this one Fundies though not technicals don't you?

[soundbuy] 08/4/2011 13:24

Got a FOK with TDW at 190p so here's hoping

[kacker1] 08/4/2011 13:22

I couldn't resist, only 1000 more at £1.90 but every little helps. If we see any more weakness early next week i might have to sell a kidney!! :)

[horneblower] 08/4/2011 13:20

It's disastrous for charting.

I don't know whether advfn will start two new charts or if they might continue AAF's on from AAAm's (which seems likely as it is only a namechange from their point of view).

I wish they would make an adjustment to the AAAM history to bring it into line with the split but what ratio are they to use?

I have to say that of all the ways this split could have been done I would never have thought of this weird way. C'est la vie.

[bcl42] 08/4/2011 13:17

Fair enough.33 is fine by me anyway.

[wiloughby2] 08/4/2011 13:15

bcl42 - whats a coupla noughts between friends!!

[greenroom78] 08/4/2011 13:14

HB - What do days like today (i.e. a split) do for charting predictions?

[wiloughby2] 08/4/2011 13:13

Your respect is still intact Hb but was the prediction for the 13th?

[pote] 08/4/2011 13:13

Selftrade
Bid Price GBX 188
Offer Price GBX 192
Maximum Size* 100

[horneblower] 08/4/2011 13:11

Who laughed when I suggested 195p yesterday? ☺☺☺;
Willoughby2 go and stand in the corner. ☻

[bcl42] 08/4/2011 13:09

Is $5 billion divided by 150 million not 33..
00 per share?