African Consolidated Share Discussion Threads

[yorgi] 11/12/2014 10:15

A few of those and we will be away :-)

[yorgi] 11/12/2014 10:14

Going up again :-)

One thing I thing is clear that with two mines producing next year the market cap should be multiples of the present value.

[moreforus] 11/12/2014 10:12

7.5 mill buy!!!

[21trader] 11/12/2014 10:08

Settling down.

1.5 million bid and 2.5 million offer.

There is no point in selling you will be lucky now to get in cheaper I cannot see the mm's offering below 0.57p now so it's time to sit on your hands and wait for the recovery it will happen this month.

[21trader] 11/12/2014 09:59

Matt.

Look at this from KIBO, Just 2 months they did a very large placing for their market cap at the time at 1.5p hit 12p today

08 October 2014

Kibo Mining raises GBP855,725 in Share Placing

Kibo Mining plc ("Kibo" or the "Company") (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company is pleased to announce it has received commitments to a share placing of 57 048 352 new ordinary shares of Eur. 0.015 in the capital of the Company with clients of Kibo's UK Broker, Hume Capital Securities Plc and River Capital Partners LTD, at a placing price of 1.5p per share (the "Placing Shares"), to raise gross proceeds of GBP855,725 before expenses (the "Placing"). Kibo's directors and senior management are participating in the Placing for a cumulative amount of GBP55, 725 and will be participating on the same terms as other investors.

[jenny tulwought] 11/12/2014 09:33

Alright there boys - 'ow's it lookin'?

(chortle).

[moreforus] 11/12/2014 09:25

and one of those is fully funded too....!

[yorgi] 11/12/2014 09:24

Agreed Moreforus.

[21trader] 11/12/2014 09:24

shake

0.5-0.6p but full offer online and bidding way over mid price

[moreforus] 11/12/2014 09:22

from this price the could be the next KIBO seeing how cheap it is relative the asset value both of which could be generating cash next year....which is not that far off!

[21trader] 11/12/2014 09:22

Online backwardisation again but not big enough to sell and buy back instantly
for a profit.


0.6053-0.6038

[yorgi] 11/12/2014 09:12

Because the project will be worth many times the present market cap to us over the coming years Matt :-)

[scotty1] 11/12/2014 09:12

Sell and buy @ 0.61 online selftrade

[21trader] 11/12/2014 09:11

matt

The bad news in the Rns was the placing price companies get money but have to
give away cheap shares. Kibo were doing loads of placings this year and look what happened to them.

Believe me even though the new shares have not been issued they have been already pre sold this morning. You do not go from 50k online max buy at 0.7p at the close
yesterday to offering millions at 0.56p !

When it clears there is nothing holding the price back. Those who got in sub 0.6p will make 50% at some point this month it always spikes.

300+ shares in the placing might sound a lot but we've done 40 million of volume in just over the first hour today so total volume today is heading for 200 million

[themattbarnes] 11/12/2014 09:03

can someone just clarify something for a newcomer.

There is a plan to issue a load of shares at 0.5p but this hasnt been agreed yet, so are people buying the current shares not the new shares?

why is this good news as it has brought the price down massively, and if the company is issuing shares at 0.5p why is there any indication the company thinks the share price should be higher than that?

[moreforus] 11/12/2014 09:02

wave 2....

[21trader] 11/12/2014 09:01

0.58-0.6p

Bidding over mid price. It would not surprise me later if this gets back to around the unchanged mark

[21trader] 11/12/2014 08:57

Think they have cleared that round of placing stock and now it's back to how the trades run.

0.57-0.599 so full offer online and bidding a premium

[scotty1] 11/12/2014 08:56

Hi paleje looks to me like the selling over the past weeks as been the placing buyers selling knowing they were getting their shares back at 0.5p,imo any buying now should move the share price back up at a pretty good pace,we will see.

[scotty1] 11/12/2014 08:49

sure is m4 they got really took to the cleaners there.Who did that?

[paleje] 11/12/2014 08:49

Times are hard I have to make me own:)

I exited yesterday on RNS 1, back in this morning after reading the after close RNS 2, full of hurdles imo but at the current m/cap the risk reward aspect is positive although I think they'll need more money. Just wants the city boys to ease up on the selling, they'll be able to pass some on later at a better price:)

[moreforus] 11/12/2014 08:47

going long AFCR at 0.5513 is a better bet than shorting KIBO at 4p!!!

[scotty1] 11/12/2014 08:43

lol that a few more mince pies then m4

[moreforus] 11/12/2014 08:39

me and scotty are rich!

[moreforus] 11/12/2014 08:37

thats a very good project and the FD taking shares at 2p is still good news