African Min. Share Discussion Threads

[hvs] 02/11/2014 12:20

Oh Dear

Yet another bath for poor poor shareholders.

[sidjameslaugh] 01/11/2014 23:47

Shimmy..... you have only just worked out it is about finance.... sheer genius..... lol........

[wooster4] 01/11/2014 19:20

So shimmy you are advising others to sell but still retaining a holding - a rather odd investment strategy if I may say!!!

[shimmysham12] 01/11/2014 18:44

I was but certain rumours which I didn't believe seem to have weight. I still hold but at a much reduced level. I will buy in again if rumours are proved wrong. But as it stands I can only see admin.

But. If finance is sorted this could go to £1. The issue is debt and the fact the product they ship.is loosing them money.

The more I have researched Ami and its partners the more nervous I have become.

I hope Ami turns around but in the aim market good things rarely happen.

[wooster4] 01/11/2014 18:01

Shimmy, I thought you mentioned you were long here a couple of weeks ago??

[kirk 6] 01/11/2014 17:28

There infrastructure and employment benefits are too big to ignore as well.

[shimmysham12] 01/11/2014 17:24

Timis will buy the debt when administration announced next month. 70 dollar ore price will take this under.

Sl will still have employment in new company. They don't care who they deal with.

Little positives here.

Someone said on here Ami are too large to go under. Their debt is too big to avoid administration.

Get out while u can

[shimmysham12] 01/11/2014 16:32

We come out prior to bad news. There is a reason this share is 14p. Its loosing money with every ton of ore. Its massively in debt.

Ore price is forecast to drop back to 70p.

Yep I'm so scared. Lol.

[aaaaaaaa5] 01/11/2014 15:02

Don't you just love the predictability of the derampers. All come out prior to news. In truth it is you that are getting nervous. Best close your short positions now or get burnt! Or if you are looking for an entry point, you have left it too late :-) lol

[sidjameslaugh] 01/11/2014 13:18

Pretty much like most people here then.

[mcyi9gl2] 01/11/2014 13:15

The one problem with your analysis Kirk is that you don't know what you're talking about.

[sweepie2] 01/11/2014 13:06

Never sad to expose a self confessed deramper

[kirk 6] 01/11/2014 12:06

Not after any credibility have you read the presentation from September?If there is no dilution £5-£6 towards the end of September could be a possibility with an iron ore price recovery.African mineral are making drastic measures to accommodate the fall I. Iron ore price and could be looking at a contribution for their railway and port infrastructure. 50p - £1 is way off by the end of 2015 and would be extremely disappointed at that outcome.

[mcyi9gl2] 01/11/2014 12:00

You're having a laugh Kirk. If the Pilbara gets hit by an earthquake you could be right (although don't hold your breath, I think the chance is about a 1/1000).

Do you realise that AMI is loss-making at current IO prices? That basically no-one is expecting a significant retrace in IO prices (e.g. GS expect IO to maintain $80 in 2015)? That AMI need about $1bn investment (inc. cash for the Hematite concentrator) to return to a cash positive position in 2015 at current prices = dilution?

If you had said 50p or even £1 then you could have had a little bit of credibility.

[kirk 6] 01/11/2014 11:08

He is entitled to his opinion but is demonstrably wrong.I have a £5-£6 price target by the end of 2015

[earnestwipplethwaiteiii] 01/11/2014 09:19

What an unpleasant little man.

[shimmysham12] 01/11/2014 09:08

Every week that's goes by bad robots prediction comes closer. Give it a couple of weeks and this will be 5p.

[shimmysham12] 01/11/2014 08:45

And I predicted ultrasis down fall. So ur point is that I am always right. Ur a bit sad to go over my post history.

Thanks for proving I have track record on knowing when a company is failing. Must have hit a nerve with u to look up my history. R u feeling nervous, u should be! Over exposed are we?

Ami will not be here by end of 2015. Pi are being screwed.

[kirk 6] 31/10/2014 23:37

The facts12.8Bnt JORC Compliant ore resource defined – one of the largest magnetite deposits in the world.All Tonkolili project mining licences awarded, environmental permits issued and fiscal terms agreed with the Government of Sierra Leone.Three phase development approach for rapid attainment of cash flow.

[sweepie2] 31/10/2014 22:50

This saids it all, just another deramper, bet when the monster RNS lands next week he won't be seen again


Where is Ultrasis Heading? - ULT
shimmysham12 - 17 Aug 2014 - 18:25:44 - 2559 of 2574
Is it just me or has wlw got serious mental state issues. I deramp but surely he is just a bit too ott.

[kirk 6] 31/10/2014 21:22

You are not considering all the elements in the equation