African Min. Share Discussion Threads

[kirk 6] 16/11/2014 09:06

Dated 16 November can you post full article newsletter

[newswseller] 16/11/2014 09:03

Possibly game changing news if accurate http://www.tradefinancemagazine.com/Article/3400279/African-Minerals-Tonkolili-iron-ore-project-250m-PXF-cancelled.html

[swooped] 15/11/2014 11:21

Interesting reason for drop in iron ore price:

Angelos Damaskos: It's astonishing, considering that the price had been stable for over three years, trading between $100 per barrel ($100/bbl) and $120/bbl for Brent crude.

TER: Why has this happened?

AD: It's unlikely that demand has collapsed so dramatically over the last four months. All indicators point to a fairly stable global economy, and the American economy in particular is enjoying healthier growth than previously.

TER: So has the price drop been orchestrated?

AD: Nothing can be substantiated, given the opacity of the oil market, but there are three theories. The first is that Saudi Arabia is overproducing to hurt the American shale oil industry. Many shale oil deposits are probably marginal at around $75-80/bbl.

The second theory is that Saudi Arabia may be overproducing to starve ISIS of funds. This is a more credible theory than the first, because this result would please the United States, as the oil price fall also hurts Russia, Iran and Venezuela.

The third theory is that China, which has significant control over marginal oil demand, has deliberately curtailed its imports of foreign commodities over the last four to six months, as industrial users are drawing down their inventories. The Chinese are trying desperately to control domestic debt and protect their banks. Chinese institutions have used commodities as collateral to leverage operations, leading to, among other problems, a dangerously overheated property market. This third theory would also explain the dramatic fall in the prices of base metals such as copper, aluminum, zinc and especially iron ore, which is now near an all-time low.

[karmastuartra] 15/11/2014 10:06

Should have listened to bad robot,
you will never learn earnie boy!

[kirk 6] 15/11/2014 09:52

This will rise next week the seller has cleared in 6000 clips and it's just drifted on less volume

[earnestwipplethwaiteiii] 15/11/2014 09:43

...together with Tonto.

[earnestwipplethwaiteiii] 14/11/2014 22:57

Shammy dear, I'm sorry for your losses, I truly am. With such consistently bad forecasting, perhaps it's time for you to consider a return to your career among the aisles at Poundland....

[shimmysham12] 14/11/2014 19:02

Not a good sign that funds have been withheld from China. Seems ami is upsetting the only friends they have. They are now in worse position than they were in August.

Can't understand why the spike on the rns. Pump n dump I presume.

Mugs game if u expect this to rise above 15p in next two years. Long term share 3years plus if no admin.

Just can't see it surviving unless massive share dilation.

Newswseller doesn't want my opinion. That ok because I don't want his, bad investor with big losses. So so sad .


Lol......

[casual47] 14/11/2014 17:57

Soz if posted already

"Iron Ore Mine Closures May Lead to $70 Floor Price, ANZ Says"

[cantrememberthis2] 14/11/2014 17:46

Yorkie, it is a case of ringing out the expensive miners.


IO prices languished at $15/t for many many years, cant see that happening as too much investment has been poured in and also inflation to boot.

As for $65/t its got to break the miners, this has hit sub 10p in the past for similar reasons as of today.

I think the market makers are like us PIs guessing as they Do NOT and WILL not ever SIT on the BOARD of AMI - hence they are playing and trading this.

I note hardly any RNS from IIs selling big time.

Who knows where it will end.. Even with share dilutions / placing / selling so we have 50%, £2.00 would be a very long long term target (5 years+)....

Short term, the shot in the arm required is financing sorted. LOND crashed and kaputh because their costs were too high and the banks pulled the plug.

[yorkie52] 14/11/2014 17:15

$65 would be unsustainably low for just about every producer so I really can't see it at that level for long.

[newswseller] 14/11/2014 16:35

Share is just being walked up and down to suit those with the most money so impossible to know which way it will go.

[newswseller] 14/11/2014 16:32

Does us all a favour shimmy and stick to bad robots drivel thread, no one wants to listen to your position posting nonsense

[shimmysham12] 14/11/2014 16:12

Not good rns reading tho

[shimmysham12] 14/11/2014 16:12

Not good rns reading tho

[cantrememberthis2] 14/11/2014 16:10

Shimmy ive got a substantial holding and am not flinching

relax n hold

[earnestwipplethwaiteiii] 14/11/2014 16:05

Oh Chubby, you are not nearly as entertaining as that naughty cyborg.

[shimmysham12] 14/11/2014 15:53

Looks like sub 10p soon. Reading rns again it does not look good for Ami. Will it survive?

[warwick69] 14/11/2014 15:31

testing lows of the day again soon be testing new all time lows if news is not forthcoming soon this is really cr..

[earnestwipplethwaiteiii] 14/11/2014 13:25

More entertaining than your drivel, certainly.

[karmastuartra] 14/11/2014 13:11

Bring back robot,someone worth listening to!

[casual47] 14/11/2014 12:23

Who says IIs who are shorting will time it right?

I recall that one institution that stood by YELL -- they lost out majorly