African Min. Share Discussion Threads

[sweepie2] 03/11/2014 07:45

Is there any negatives in that RNS as I couldn't see one, it appears that FT and all are being extremely fair to all parties (apart from LOND shareholders)
Excellent update

[kirk 6] 03/11/2014 07:37

More than a good week after that rns

[newswseller] 03/11/2014 07:31

And still the q3 update to come this week, fingers crossed for a good week ahead

[kirk 6] 03/11/2014 07:30

It is expected that, subject to the agreement of commercial terms, AML and ARPS will benefit substantially from lower infrastructure costs by virtue of higher tonnage, as well as the opportunities that will become possible through blending our combined products, accessing new markets in Europe and reducing our combined freight costs as a result, saving an estimated $12/t on current prices.The fact that Timis Corp has exclusive access to 100Mt of Cape Lambert's adjacent weathered hematite material means that the Marampa Mine will continue to be able to process a consistent product for the next decade, continuing to provide additional revenue to AML."

[kirk 6] 03/11/2014 07:30

Can't believe my eyes when I read Europe now as well. Couldn't actually write a more positive RNS myself!!!

[seanywauny] 03/11/2014 07:28

Indeed excellent news. Well done to all parties for pulling it off. AMI will now be an IO monster with those blends hitting Europe.Great start to the week!

[newswseller] 03/11/2014 07:27

Oh shimmy is this the bad news? I would love to see what good news looks like... Immediate $12 in improvement

[kirk 6] 03/11/2014 07:24

What a truly fantastic read. Big costs saving and infrastructure deal AND profitable in a few months BOOOOM

[kirk 6] 03/11/2014 07:21

"It is very pleasing to see that the Marampa Mine will continue to be a major source of employment in Sierra Leone. The quick resolution by the administrators and Timis Corporation Limited has prevented the closure of an important asset for the local and national community.African Minerals confirms it has agreed access for 6Mtpa to the rail and port infrastructure by Timis Corp to unlock the synergies between these assets, subject to the final negotiation of commercial terms and receipt of necessary approvals. Given the acknowledged related party nature of the transaction, those negotiations will be done on a completely arms-length basis, will reflect standard market pricing, and will be ratified in accordance with Rule 13 of the AIM Rules.

[kirk 6] 03/11/2014 07:20

Benefits to AMLOther than the implicit additional revenue through terms of any access agreement, once agreed, AML is expected to be able to benefit from the following:-- reduced infrastructure operating costs per tonne, as a result of a high fixed cost base benefiting from higher volumes transported-- the potential to blend Marampa's c65% Fe product with Tonkolili's c58% Fe product to create a product grade that is desirable in Europe, which would allow AML to benefit from significantly lower freight rates (in October the average freight differential benefit between China and Rotterdam from Pepel was $12/t)-- a potential significant premium in selling this European blend grade compared to the current DSO (Current Platts 58% Fe price is $67.50/t whereas Platts 62% Fe price is $80.00/t).

[kirk 6] 03/11/2014 07:20

That is fantastic

[wooster4] 02/11/2014 22:10

Let me assure you, shimmy is not short, he is merely a total tit. Shorters tend to post with an ounce of intelligence which he clearly does not!!

[earnestwipplethwaiteiii] 02/11/2014 21:37

In the face of revolting scaremongering by one poster, and without forgetting the gravity and suffering involved in the Ebola epidemic, consider for a moment the worst case scenario for AMI.
We read that there are signs the disease may have peaked in Liberia. At the same time there are reports of large scale under-reporting in Sierra Leone. It appears from that that the epidemic has yet to peak in SL.
If we accept both of these theories as the best that is currently understood, it is not hard to extrapolate that Ebola is likely to peak also in SL in the next month or two, and that the number of cases, whilst tragic, will not constitute anywhere near the kind of threat to AMI that our hysterical poster would like to imagine for his own ends.
I also note the Economist's recent article discussing the precautions in place at AMI to combat the disease; thus far there has not been a single case reported there, and normal operations are continuing.

[kirk 6] 02/11/2014 19:21

Just from the begging of the year director buys

[kirk 6] 02/11/2014 19:21

African Minerals Ltd31 January 201431 January 2014African Minerals Limited ("Company")Director Share Dealings and Share OptionsThe Company has received notice of the following purchases of common shares in the Company by Directors of the Company: Date of Average Beneficial interest disclosure Date of No. of common price following this purchase: Director by Director dealing shares acquired per share No. of common shares Bernard 29 Jan Pryor 29 Jan 2014 2014 25,000 176.25p 54,561 -------------- ---------- ----------------- ----------- -------------------------- 30 Jan Dermot Coughlan 30 Jan 2014 2014 50,000 172.75p 100,000 -------------- ---------- ----------------- ----------- -------------------------- 30 Jan Nina Shapiro 30 Jan 2014 2014 19,869 169.5p 104,429 -------------- ---------- ----------------- ----------- -------------------------- The Company also announces that it has granted to directors of the Company options over common shares in the Company as set out below, at an exercise price of 209p.

[kirk 6] 02/11/2014 17:45

Shimmy will be loosing on his short by the end of this week

[shimmysham12] 02/11/2014 16:44

Busted. Ebola now spreading. R we all nervous.

At least the Ami life support machine may be about to switched off. Yje we can just move on.

[kirk 6] 02/11/2014 13:45

Bbc news link to ebola

[hvs] 02/11/2014 13:28

lol !!!

lol !!!!

As CORRUPT as hey come.

[newswseller] 02/11/2014 13:27

With the western world getting heavily involved ebola was always going to come under control fairly quickly, shame they didn't act quicker though

[kirk 6] 02/11/2014 13:19

Good news at last: Dr Christopher Dye, the director of strategy in the office of the director general at the World Health Organization, has the challenge of predicting the spread of Ebola."Things clearly have changed with respect to the trajectory of the epidemic," he told the BBC News website."What we've seen is, very clearly, a slowing down in the some of the affected areas in the three countries."Lofa county in Liberia as well as Kenema and Kailahun district in Sierra Leone are held up as areas making strong progress.Dr Dye added: "When we look at the total epidemic now, with the best information we have got available I would guardedly say that the case incidence per week is not going to get larger than it is at the moment, so around 1,000 cases per week."In terms of the trend of the epidemic, it is possible it has flattened out."We know there's under-reporting so we have to emphasise caution, but broadly we're out of this big epidemic growth phase seen in August and September."