African Min. Share Discussion Threads

[nosnibord] 20/11/2014 11:24

"Whatever it is, the markets will know before us!"

Not going to do the 'markets' much good knowing before 'us' as long as trading is suspended, amigo.

[newswseller] 20/11/2014 10:50

How long does it take to write a RNS?

[stockriser] 20/11/2014 10:37

Whatever it is, the markets will know before us!

[broncowarrior] 20/11/2014 10:33

THey are due a release of cash - could be about that if there are problems.

Could be a strategic stake being taken.

Could be administration.

All sorts of possibilities.

[earnestwipplethwaiteiii] 20/11/2014 10:29

China is actually eight hours ahead. I'm there now and it's 6.30pm.

[miamisteve] 20/11/2014 10:27

I sent an email to the company last night, in which I suggested that given the London mining situation the strategy needed to be reworked.

One of the points I made was that the $300m for the concentrator would not be required if they could blend our DSO with LOND's 65% concentrate ( without the $10 additional costs) and as such it would've made far better sense to have punted the $70m to acquire LOND rather than trying to raise an additional $300m.

I concluded in that email that I felt that Shandong were sharing my concerns over strategy and corporate governance and hence withholding the release of the escrowed funds.

This is a big IF. But if they are merging with LOND then it would explain why the deal could have been contained from the markets and also necessitate a suspension.

I think more likely this is a going concern issue, though would not be at peace if I was short until it was confirmed.

[disastra] 20/11/2014 09:59

Patience is a virtue gentlemen!!

[w1ndjammer] 20/11/2014 09:54

Also remember time wise, the Chinese are 5 hrs ahead of UK so they would have been well into the working day, then phoned FT at 7.00

WJ.

[broncowarrior] 20/11/2014 09:53

Karma BR? I think you have got some of that coming to you, you parasite.

[w1ndjammer] 20/11/2014 09:49

news if they are in trouble they would have continued to try and sort it out into the weekend. no need to call a halt.

I think they have been approached with a bucket full of cash.

WJ.

[newswseller] 20/11/2014 09:45

95% sure its bad news imho, whatever it is, its rushed as otherwise where is the RNS?

[karmastuartra] 20/11/2014 09:45

Well done br on your call,will follow closely for your next tip,share master!

[jungmana] 20/11/2014 09:39

BR - you muppet. $2.5bn was invested to get tonkolili to where it is today. Any buyer even when you add the loan should be at least 3 times what was paid for LOND. AMI is not going under as Timis has a lot at stake here.Imo good news possibly on funding on the way. Gla

[w1ndjammer] 20/11/2014 09:39

Miami

the RNS was timed for 7.55 just ADVFN that are slow.

GOOD NEWS ON ITS WAY

the hint was in the RNS 12th Nov last line.

WJ.

[miamisteve] 20/11/2014 09:34

Windjammer - Bad news is given when it is available. The timing of this fuels more concern for me. 7.59am is panicky and doesn't indicate to me that an agreement had just been entered into, neither the share price action in the preceding days. As I said before I hope I am wrong but can't pull the wool over my own eyes.

[stuart little] 20/11/2014 09:34

It can't be bust can it? Not with the infrastructure, recent tie up etc....maybe they have had an Ebola case??

stuart.

[w1ndjammer] 20/11/2014 09:30

Or to stop the shorters getting out, if they got wind of good news.

WJ.

[lightfield] 20/11/2014 09:29

Bad robot the CTP team are in ramping overdrive.

Placing at 1.1p a few weeks and the buffons are talking about it going to the the moon on fresh air.

Currently 2p. I hear Tom Winnifroth and brokerman are short


I think it needs your attention

[bad robot] 20/11/2014 09:27

HA HA HA HA



0P

[bad robot] 20/11/2014 09:27

HA HA HA HA