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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
African Min. | LSE:AMI | London | Ordinary Share | BMG0114P1005 | COM SHS USD0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 10.00 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
12/11/2014 16:07 | Bad Robot,,,,,LOL,,,,tol | ![]() the stinger | |
12/11/2014 16:07 | well looks like they will get funding after all | ![]() kirk 6 | |
12/11/2014 16:07 | The Company is also considering a part disposal of its holding in the Project to strengthen the financial position of AML. | ![]() ntbb | |
12/11/2014 16:06 | Yes baby squeeze that 30p | bad robot | |
12/11/2014 16:06 | 30p is coming | bad robot | |
12/11/2014 16:05 | African Minerals Ltd Financing Update Alert TIDMAMI RNS Number : 8779W African Minerals Ltd 12 November 2014 12 November 2014 African Minerals Limited ("African Minerals", "AML", or "the Company") FINANCING UPDATE African Minerals Limited, the developer, operator and 75% shareholder of the Tonkolili Iron Ore Project (the "Project") in Sierra Leone, today provides a financing update. Further to the announcement made on 19 September 2014 relating to the release of funds from the Hong Kong bank accounts of the Project, the Company confirms that since then $182m has been released from those accounts and used to finance working capital, leaving a balance of $102m. Discussions are continuing between the two shareholders in the Project, AML and Shandong Iron and Steel Group, over the timing of the release of $61m (previously approved by the Project Companies' Boards for release in October) and the final $41m, and there is no certainty on the timing of these releases. In light of its ongoing operating losses and debt repayments, the Company is progressing negotiations for alternative funding to finance working capital until the Project becomes cash flow positive. The Company believes there are reasonable prospects that alternative funding can be achieved in the near future. As announced in the interim results on 30 September 2014, the Company is evaluating other opportunities to strengthen the capital structure of the Company, both at AML and Project level. Standard Chartered Bank has been mandated by the Project Companies to structure a new facility, the proceeds of which will be applied to the refinancing of the pre-export finance facility as well as capital expenditure related to the Project's phase 2 transition. The Company, advised by Jefferies, is also engaged with the holders of the convertible bond with a view to reducing the debt servicing burden in the short to medium term. The Company is also considering a part disposal of its holding in the Project to strengthen the financial position of AML. | bad robot | |
12/11/2014 15:39 | MMs played a blinder today. They took this down to 9p looking for stops and by mid - day it was back over 10p. Feel sorry for anyone who got stopped out. 14/15p by friday is very possible without news. | ![]() jungmana | |
12/11/2014 15:29 | massive volume again today and no holdings rns | ![]() kirk 6 | |
12/11/2014 15:15 | Also AMI are renegotiating their contract prices, with new regulations coming in regarding dirty iron ore. And the fact we have the clean variety could be a big bonus over other producers. WJ. | ![]() w1ndjammer | |
12/11/2014 15:03 | we just need to know that all in costs are coming in lower refinancing sorted production to go up significantly above all else that margins are healthy even with fe 58% at $50/t..... mmmmmm | ![]() cantrememberthis2 | |
12/11/2014 14:53 | once debt financing sorted it can only go up imo | ![]() ntbb | |
12/11/2014 14:35 | l2 looking very strong indeed maybe shorts know game is up and time to go long | ![]() ntbb | |
12/11/2014 14:25 | Looking better today. Anticipation of news tomorrow? | ![]() broncowarrior | |
12/11/2014 14:10 | Bad Breath, what is your answer, you tease? | ![]() earnestwipplethwaiteiii | |
12/11/2014 13:47 | It's that 250K at 9.8p that I want out | bad robot | |
12/11/2014 13:41 | When thomas cook had all those issues of debt and falling holidays to middle east due to arab spring the share price plummeted to under 20p. Within 9 months was back to 160p after devt restructuring.AMI has huge assets and imo will weather this storm and get back to 100p+ | ![]() jungmana | |
12/11/2014 13:31 | I told you he was secretly buying and will turn bullish as soon as it goes up | ![]() warwick69 | |
12/11/2014 13:31 | One day when this is at 100p many will look back and say wish i had bought in. Take a look at thomas cook as a good example, 10 bagged from the lows in less than 12 months. | ![]() jungmana | |
12/11/2014 13:22 | BR at this rate you will be running to the loo soon :-) | ![]() jungmana | |
12/11/2014 13:20 | I know this share extremely well. Wannabes short will get whacked from here. BOTS has reversed In Level 6 We Trust | bad robot | |
12/11/2014 13:19 | Good bounce though from the bottom. That's trough to peak 22 %. I will not disagree with that, Bottom was hit 9.12p, tested the ground and wipe a few bulls. a few pence up in technical is always anticipated. Shares do not go to 0p in straight line In Level 6 We Trust | bad robot | |
12/11/2014 13:18 | Well said windjammer. I remember that $6bn valuation last year. Imo this is the cheapest miner on the exchange today. The rail alone is worth $2bn. | ![]() jungmana | |
12/11/2014 13:14 | BR if you a prepared to have a civilised discussion and stop wrecking the thread I will respond to you Last year this deal valued AMI at $6 billion WJ. | ![]() w1ndjammer | |
12/11/2014 13:14 | Is our seller done? Cheaper than chips at 11p. Even with all the issues 40p would be about right price today imo. | ![]() jungmana |
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