African Aura Share Discussion Threads

[woodpeckers] 09/4/2011 09:19

Cupra - See yesterday's price has taken you to 19th on the TPSR. Are they going to combine the 2 share prices for you or will you zoom to the bottom with a nil share price on Wednesday?! ;-)

[woodpeckers] 09/4/2011 09:05

Donska - Just mentioned this to my husband and he is very cross with you for letting the cat out of the bag re my birthday present surprise!

[jimmy2526] 09/4/2011 09:03

donska I HAVE THE SAME THOUGHTS FOR A WHILE,i DO NOT THINK IT WILL BE LONG BEFORE A OFFER ON THE IO SIDE,MAYBE WHEN THERE IS 4-5 BT PROVED UP,MAYBE A BIT BEFORE.

[donska] 09/4/2011 08:25

Good Morning all

I'm wondering what this news could be? Maybe they wanted to split the co for a reason as there could have been a buyer in the wings...maybe I'm clutching at straws

[gavinw33] 09/4/2011 02:45

f1

Were we expecting a trading halt as part of the split? Didn't think so. It says halt pending news... Hmmm.

[franciso1] 08/4/2011 23:03

Tradind halt

[j1nxed] 08/4/2011 21:58

@Arf Dysg

no worries, i already figured it out on my own (with the help of copy paste from image shack ;))

see my previous posts for charts regarding the iron ore valuation based on data from peers

[arf dysg] 08/4/2011 21:27

j1nxed, in my above post, I accidentally got my > and < swapped round, but you probably noticed anyway.

[arf dysg] 08/4/2011 21:22

Smith99 (8890)

"sorry, read the other messages and saw your correction to £33 - I dunno if its worth hanging around for that kind of miserable increase, afterall natwest are offering a fixed 3% so its a close call :-)"

Well, 3% compounded over, say, four hundred years could be worth... millions... or something... so quite a close call! :) :)

[woodpeckers] 08/4/2011 21:20

Was expecting to witness the market see what the rest of us do here for some reason today and gobsmacked that it appears blind to the inherent value apparently still hidden. However, the markets never cease to amaze and can only regard this as an "insiders time slot" to take advantage and profit before the inevitable news starts to pour and true value is realised.

[banter] 08/4/2011 21:10

evolutions target 280p

[goldrush] 08/4/2011 21:06

Well guys we have got here and now the fun can begin.

I had my doubts we would get to this stage without someone making a move....but perhaps that was wishful thinking on my part!!

Longsight ....your figures today have made me go back to the fridge for another beer !!

Good luck to everyone on the Journey.

g

[arf dysg] 08/4/2011 21:06

j1nxed (8829)

"if i knew how to add visible pics to my posts i could show everyone the valuation charts based on peers"


Find a server to put your picture. Suppose its web address is my.stuff.com and suppose your picture's full address is:



Then, in the ADVFN post, just put this:

>img src="http://my.stuff.com/accounts/j1nxed/chart1.jpg"<

[arf dysg] 08/4/2011 20:49

richgit (8807)

"the Mischief makers."

Indeed :)

[arf dysg] 08/4/2011 20:17

Greenroom78 (8676)

"I phoned IG a few weeks back and they assured me not to worry"

I'd be very, very careful with IG Index. Last dealings I had with them, they closed a position of mine without telling me. They could have phoned to ask for some cash to keep it open, but they sold it instead. THEN they phoned to ask for some money. FFS!

I looked at the price and it had been sold at way under the market price, so somebody made some money and it wasn't me.

[nickdr99] 08/4/2011 19:25

I have to admit to not having read the documentation, but in a split like does there not need to be split for CGT treatment, ie for every share X% of the cost if attributable to AFF and y% to AUE. Have i missed this. Many moons ago I held shares in Hanson when that was split several ways and the company provided this breakdown. If this is not provided, how do we treat AAAM purchases from a CGT perspective...?

apologies if this has been addressed already, but have not seen it mentioned.

[longsight] 08/4/2011 19:12

Sithuk - I really only have long term targets. Short term, I assure you I'm a dunce. However, looking at the comparatives on the presentation & taking into account the DFS done on NL, & that Reading states that they are confident of actual production being 125,000 oz pa, I get US$175 an oz x 1.51m / 1.63 = £162m m cap = £1.88 a share say approx £1.20 [discounted for ignorant market]. Weaju also has historic resource, thus far, of .233m oz & I have included zero for that. Solomon Gold, by comparison, are valued at e.g. £72m cap & do they actually have anything [not deramping them, just a thought].

If kicks off at £1.20, then mucho upside, senores & senoritas.

I listened again to Reading & I think 7.5m oz in Bea doesn't look too difficult & I'm still on for 10m oz myself ultimately. Therefore even without Cameroon & Sonfon & even allowing for dilution to say 130m shares, I still get to £6.30 a share by 2013 / 4 [on basis of the lower figure of 7.5m oz].

But who knows about what if - including potential upside on 7.5m oz & the price of gold.

[sithuk] 08/4/2011 18:51

I topped up here today at £2 thinking it would hold. More the fool me.

The worry I have is on the AUE valuation come Wednesday:

New Liberty: 1.51m oz
3% valuation in situ on $1450/oz gold price => $65.6m
£/$: 1.6
£41m
Shares in issue: 91.6m
AUE value per share: 45p

The market seemed to value it at 102p this morning. Why? Is 3% a too low in situ modifier for the New Liberty resource?

I appreciate I've nothing in for Bea Mountain. But then again, there is no JORC resource for it.

Could it be more likely that AAAM has been oversold today due to ill-informed punters selling out on stop losses?

I find the under-valuation of Affero more likely than a £1 valuation on Aureus.

Longsight: what do you make of it all?

My valuation on Affero is 437p.

[affc21] 08/4/2011 18:34

Ridicule, taken note.
Thanks

[deltrotter] 08/4/2011 18:33

Yeah, reckon NGOa is due

[greenroom78] 08/4/2011 18:18

At 100p for AUE we are talking around £57 per resource ounce with all other assets in for free.

What IO news are you expecting on Monday? Ngoa?

[richgit] 08/4/2011 18:10

Sleep soundly on this,with more to come,in several ways,not least the Gold
price.,so If the Gold Division hovers anywhere shorter term under £1 I would argue it`s bargain. at circa £86 Million.with all the usual -risk/reward and DYOR as that`s just my opinion.............................


These very positive results demonstrate the robust nature of the New Liberty Gold Project and confirm our long held belief on the excellent grade potential of the ore zone for the open pit mine. It is worth highlighting that the pre-tax NPV of the project calculated using a gold price of $1,100/oz and 10% discount of $234m / GBP148m equates to approximately GBP1.62 / $2.56 per African Aura common share on a fully diluted basis. New Liberty will be an excellent flagship gold asset for Aureus Mining Inc which, subject to the necessary shareholder and regulatory approvals, is anticipated to be created by March 2011 by way of the corporate restructuring as detailed in the Company's news release of 8th November 2010.

[ridicule] 08/4/2011 18:06

affc21 I think the TSX restrictions apply until 8am Wednesday when the shares are admitted.

[affc21] 08/4/2011 18:05

I also expect news monday/tuesday.
There must be a backlog of news pending, seeing as there was a curfew on all news annoucements (TSX restictions).

Thats my understanding...