African Battery Metals Share Discussion Threads

[pegasus59] 18/2/2019 11:16

They really have brought all the scum of the African extractives business under one roof with ABM. Only one thing on their minds and that is theft on a grand scale and civil wars will be encouraged

[the deacon] 18/2/2019 11:10

I think we'll see ABM further involved with 1620 Capital in the DRC. My outsider is a uranium asset thrown into the mix.

[pegasus59] 18/2/2019 11:09

Civil war about to kick off in cameroon so forget about cobalt production any time in the near future

[the deacon] 18/2/2019 11:09

You truly are as thick as $H!t aren't you Torp. Naturally tracing back to refinancing price. Don't think it's going to get there, given there seems to be decent support around 0.7-0.8p. Will be interesting to see what plans Johnson has for ABM. Whatever issues people have with those at the helm, there's not a lot priced in here, so could do well in the neat term

[torp] 18/2/2019 11:02

Lol, Bell's been here 5 mins and the share price is already 50% down and they've increased the shares in issue from 136m to 363m. ABM'ers have my deepest sympathies.

[the deacon] 18/2/2019 09:42

Needs to go sub placing price to get the market started here. Peeps won't buy in at this level to just let placees out

[kemche] 18/2/2019 09:38

I am waiting to pounce on these. With Ettie/Bell in charge the share price is only going one way!

[the deacon] 18/2/2019 08:24

Won't get many buying into the spread

[pegasus59] 18/2/2019 08:00

hTTps://www.standard.co.uk/business/out-of-africa-how-londons-mining-giants-are-battling-the-rise-of-resource-nationalism-a3904416.htmlSerious criminals operating within ABM in the name of the 2nd colonialism hTTps://www.theguardian.com/commentisfree/2018/sep/04/africa-britain-trade-theresa-may-brexit

[cpap man] 16/2/2019 14:02

What are ABM going to get up to now then Noirua?

[noirua] 16/2/2019 13:38

Good luck shareholders on reinstatement on AIM this Monday 18 February 2019.

[torp] 31/1/2019 21:55

Just FYI, the performance of one Mr Bell at RRR and RGM

RRR Historical Chart:




RGM Historical Chart:





All the best ABMers!

[torp] 31/1/2019 21:53

Atinos Auntie Ettie: "This is good news for all parties concerned. The vehicle has been recovered from the knackers yard and the chassis and wheels are found to be in reasonable working order. Once a new engine is put in she will be ready to go, all she needs now is horsepower."

For clarification Ettie isn't talking about ABM here, he's talking about the confetti printing machine. Probably oiling it as we speak.

[cpap man] 29/1/2019 11:25

African Battery Metals (ABM LN) suspended – Refinancing, business strategy and resumption of trading update

Board negotiations concluding in a business restructuring and refinancing package aims to enable the company to return to trading on the market.

Conditional placing and subscription raising £1,000,000 at a price of 0.5p per New Ordinary Share. Each Refinancing Share has an attaching warrant to subscribe for one New Ordinary Share at a price of 1p per share with a two-year life to expiry from the date of admission resulting in the issue of 200,000,000 1p warrants.

The refinancing exercise will allow payment of all material Company creditors through a mixture of cash and/or shares, while enabling ABM to be essentially debt free with a robust cash position sufficient for at least 12 months of operation under current business costs and operational plans.

Proposed new directors Andrew Bell and Paul Johnson to each subscribe for 10,000,000 New Ordinary Shares in the Refinancing representing a financial commitment of £50,000 per proposed director; and

Red Rock Resources plc, a company of which Andrew Bell is a director and a significant shareholder as defined by the AIM Rules for Companies, has committed to subscribe for 20,000,000 new ordinary shares in the refinancing, representing a commitment of £100,000.

A programme of core cost review has been undertaken with the corporate plc costs reduced to minimal levels.

The company will also undertake a full strategic and operational review to;
Review existing company interests and target exploration resources

To identify, review and if appropriate acquire new opportunities to complement and diversify existing business interests. This may include the potential acquisition of interests within Africa, or new territories. In addition, this may include Battery Metals interests or interests in other commodity categories.

The company proposes to hold the General Meeting on 15th February to secure shareholder approval for the issue of equity and warrants in the refinancing and to authorize the board to issue further new Ordinary Shares on a non-pre-emptive basis to support future activities of the Company.

[aidenabettin] 28/1/2019 21:10

https://www.businessincameroon.com/mining/1312-8683-cameroon-has-a-huge-potential-for-cobalt-and-nickel-according-to-roger-murphy-ceo-of-african-battery-metals

[escapetohome] 28/1/2019 21:04

Great assets?

I dont think so.

I’d rather this went bust.

It will be 100 times worse than cyan re raisings.

No where near any whatsoever any meaningful profit. Light years away.

TIME TO PULL THE PLUG.

What do you think The Crypt?

[aidenabettin] 28/1/2019 20:29

200M @ 0.5p when it issued stock at 3p 6 months ago..Another stock with great assets run by criminals

[aidenabettin] 28/1/2019 19:49

Better get used to reading multiple placing rns's

[atinos auntie ettie] 28/1/2019 19:26

This is good news for all parties concerned. The vehicle has been recovered from the knackers yard and the chassis and wheels are found to be in reasonable working order. Once a new engine is put in she will be ready to go, all she needs now is horsepower.

[kemche] 28/1/2019 17:39

"a small punt now......."
will most assuredly turn into a minuscule punt with Bell in charge - go checkout the charts at RGM and RRR where he has presided over gargantuan value destruction under his tenure.

[failedqs] 28/1/2019 17:11

Bye bye Matt Wood - the most useless CFO in history. Oversaw the destruction of shareholder value on a MASSIVE scale. Watch the door doesn't bang the back of your head on the way out.......Interesting appointment of Andrew Bell - might be worth a small punt now.......