African Eagle Share Discussion Threads

[stockonomist] 10/4/2014 12:15

Yes 45m share option overhang to clear...

("African Eagle" or the "Company")

Grant of Options

African Eagle announces that on 10 February 2014 the board of the Company ("Board") granted options over a total of 45 million ordinary shares of 0.1 pence each ("Ordinary Shares"), representing approximately 5.17 per cent. of the Company's current issued Ordinary Share capital at an exercise price of 0.175 pence per share. Options were granted to the following directors of the Company ("Directors"):

Name Number of options granted Price Exercise dates
Julian McIntyre* 10 million 0.175p expire 10 February 2015
Venkat Siva* 10 million 0.175p expire 10 February 2015
Mark Thompson* 10 million 0.175p expire 10 February 2015
Paul Colucci* 10 million 0.175p expire 10 February 2015
Robert McLearon 5 million 0.175p expire 10 February 2015

[comedy] 10/4/2014 12:13

bad robot read the rns says his hasnt completed...so not sure if his are being sold in to market????

oh and

Order Status Executed
Order Reference HCZMXP
Date 10/04/14
Time 12:12
Stock Name AFRICAN EAGLE RES
Action Buy
Order Type Market
Symbol AFE
Quantity 1,000,000.00
Limit Price
Price £0.00287
Consideration £2,870.00
Commission £5.95
Stamp Duty £14.35
Levy £0.00
Total £2,890.30
Accrued Interest £0.00
Expiry Date n/a
Settlement Date 15/04/14
Settlement Period T + 3

[stockonomist] 10/4/2014 12:13

Didn't the Management who left have lots of share options at 0.175p ?

Presumably they are converting and selling like mad ?

[bad robot] 10/4/2014 12:12

Yes he completed the disposal to the new owner.

[sigora] 10/4/2014 12:11

think it the director the late rns sain he was yet to complete hid disposal anyway great chance to buy a few more

[comedy] 10/4/2014 12:11

is it the 14mill that rns from late yesterday is refering too...or is it low 0.2p buyers knocking em out???

[bad robot] 10/4/2014 12:10

Goodbye comedian

You will be buying at 0.4p again

[comedy] 10/4/2014 12:07

well waiting to see how low they drop this now...obvious we have a big seller getting out...question is who???

[double6] 10/4/2014 12:07

Gave it a miss.

May consider again at 0.20p!!

[comedy] 10/4/2014 12:00

well you could buy 5mill at 0.3p at one point..and couldnt sell more than 100k....so someone is selling...and the mm's are playing with it to let them sell out???

[fenseal3] 10/4/2014 11:52

People who bought below 0.3p and long termers that hold at the 0.2p range are now selling....bound to happen, waiting to pounce at the right price, as i said look at MEN to see where this is going.

[bad robot] 10/4/2014 11:50

added another 1.0M cfd @ .3p

[comedy] 10/4/2014 11:47

anyone worked out what has happened???

[fenseal3] 10/4/2014 11:39

I have been watching from a far and see that some say it's over priced, but looking at the big picture these guys don't buy shares in a company and take control for no reason, this may have no assets yet but this is in the same boat as Mentum was, peeps should take a look at that share and then see where this will go, when the RNS came out the lucky few got in at around 0.26p to 0.29p...after that all buys where over 0.3p...at this level it's worth a massive punt, GLA!!!

[bad robot] 10/4/2014 11:31

top to bottom of today cycle 40%.

bottom to top is 60%.

[ryan83] 10/4/2014 11:28

0.31 to buy at Halifax.....

[bad robot] 10/4/2014 11:25

took another 1M worth at 0.33p cfd

[hjfe] 10/4/2014 11:19

Time to load up at this price - .33 to buy.

[bad robot] 10/4/2014 11:15

what ........ does that mean chunt?

Most here been sub 0.30p, so do not worry too much about us.

[comedy] 10/4/2014 10:47

lol...and has mr money bags come in to rrr...mr i can build a mine and sell if for 100millions come in to rrr????

thanks but i'd rather stay here. gl ....

next couple of rns...and most who got out will be coming in at a higher sp:)

[comedy] 10/4/2014 10:46

well took another 1mill at 0.3588....showing as sell:)

[nash81] 10/4/2014 10:44

copied from other BB:


"AFE vs RRR"

both AFE and RRR were around 16p back in 2011 and now both around 0.38p.

market cap for AFE about 4m
market cap for RRR about 6m

Yet, AFE has sold almost all of its assets last year, ie the only main asset left is the royalty. Edison valued assets of AFE around 3p "with" the assets (see edison website), but since assets have been sold, i would say AFE is overpriced now.

while RRR still have all assets, of which colombia mine (worth 3p-4p if sold), Greeland mine (2p+), kenya gold with 2million Oz gold and jupiter shares and royalty. all in all, RRR worth several multiple of current market cap and it will change very very soon once the sentiment change over there, which wont be too long now. wont be long for RRR to be near double digit share price again.

gla and dyor