African Min. Share Discussion Threads

[fishyneck] 13/11/2014 11:01

Yes Kirk that's what I took from yesterdays RNS and the LOND tie up news which will hopefully put a floor on the share price around here. Once they start putting out positive vibes/news about being cash flow positive and debt reducing then a new floor will be created...much higher!!

fn.

edit...not LOND tie up, FT, but you know what I mean...

[cyberbub] 13/11/2014 11:00

No one can tell the future about whether the company will go into administration or not. But the RNS yesterday indicates that AMI management have plenty of options to avoid it, and are working hard to tie up those options... with news due soon...

[kirk 6] 13/11/2014 10:57

fishyneck fair points. I would add however that yesterdays rns removed uncertainty of impending administration which now looks totally avoidable?

[fishyneck] 13/11/2014 10:53

There will be further RNS's soon

1. Alternative funding - quoted near future.
2. Standard charter structuring new facility
3. Part disposal
4. Convertible bond debt burden reduction.

All these were mentioned yesterday but no firm answers, the market don't like uncertainty!!

One thing is for sure, positive resolutions on the above and the game is changed. Until then the mm's need to make their money moving this around whichever way they see fit.

fn.

[earnestwipplethwaiteiii] 13/11/2014 10:46

The share price remains 2p+ above yesterday's lows. The RNS did pretty much what it was designed to do. It was a holding RNS, not saying a lot that wasn't already out there but reassuring the market that the Company has options and is not about to go bust. A 55% rise within 25 minutes on such news was, as usual, overcooked. However, there is still all to play for with Q3 report any day now and debt financing talks progressing.

[cantrememberthis2] 13/11/2014 10:44

Ita not the market Kirk
It is Algos, ATs, MMs and short term traders - End of that is all we all need to accept

[kirk 6] 13/11/2014 10:43

this is an incredible share really thought that yesterdays rns was what the market wanted to hear. I dont think they want to hear anything

[newswseller] 13/11/2014 10:39

Another .5p to go and we can pretend that yesterday's RNS never happened

[warwick69] 13/11/2014 10:22

Lots of 50000 sells regularly going through shorts repositioning after bit if covering below 10p I guess!!!!Madness

[fishyneck] 13/11/2014 09:49

Kirk,

I have no idea and I'm not too bothered (although its nice to see a blue sp!!). I've been loading up here for a couple of months, average 17p. It's been easy to buy in volume whereas as we saw last night when it eventually turns the mm's will mark it up and cut off buying....will it be much higher by mid 2015? My money is saying yes....

fn.

[kirk 6] 13/11/2014 09:39

FISHY are you saying this could go back to 10p?

[bulltradept] 13/11/2014 09:26

Perhaps you really need to see the details of the financing options first.

As others have said, lots of uncertainty around this stock currently so can probably be run in either direction as the bots take control.

GLA

[fishyneck] 13/11/2014 09:25

Some people trade, some people invest. I am invested here but I agree with Stuart little that yesterdays RNS was not the one to start the rerating here...more clarification needed.

fn

[sidjameslaugh] 13/11/2014 09:21

What laughable is that people were buying at 16.6 about an hour ago. Roll on 30p and these are out of here.

[earnestwipplethwaiteiii] 13/11/2014 09:16

Some stocks are very consistent in their movement. This one has almost always wrong-footed me since I first bought in, so it's a hold until it straightens itself out.

[kirk 6] 13/11/2014 09:16

sid you can if you have DMA. I have orders all over the place getting hit through different trading companies.

[sidjameslaugh] 13/11/2014 09:11

Lol. Seriously, you can not do this for a living.

a. You never bought at bottom.
b. It went into auction quite quickly and opened down.
c. Not one person would have made 50% from yesterday.

Dream world.

[andy pipkin] 13/11/2014 09:07

br

Whats it like on your planet? Do you have oxygen?