African Min. Share Discussion Threads

[kirk 6] 27/11/2014 09:26

newsletter that reads very well surely as the government is expressing concerns regarding AML?

[w1ndjammer] 27/11/2014 09:11

Strange that they say financial difficulties relating to the Ebola epidemic and not the price of iron ore, is the ebola worse than we have been led to believe.

WJ.

[newswseller] 27/11/2014 09:06

Gov involvement just means added complication and more time involved, to what is a very time sensitive issue

[w1ndjammer] 27/11/2014 09:04

I tried to provide the link but it would not work, their is not much info out there, thought I would post what I found.

if true seems like gov feeling left out.

WJ.

[newswseller] 27/11/2014 08:55

That doesn't read very well

[w1ndjammer] 27/11/2014 08:48

African Minerals : Sierra Leone: Government expresses concern over leading miner's future


Envoyer par mail



11/26/2014 | 10:13am US/Eastern


















The Sierra Leone government has expressed concern over the suspension of trading of shares of the leading mining company in the country, African Minerals Limited (AML).

The UK headquartered iron ore miner, which trades on the London Stock exchange, was given a temporary trading suspension over ongoing financial difficulties related the Ebola epidemic.

In a statement on Tuesday, the government warned that the decision could not only affect Sierra Leone's revenue generations, but also the fate of the company's (local) employees.

The statement issued through the ministry of Mines and Mineral Resources also cautioned against any takeover of the company without the due involvement of the state.

This comes as reports this week indicated plans by AML to sell off parts of its stake at its flagship mine in the Tonkolili District, north of the country.

"Government as a strategic partner wishes it to be known that any investor who desires to invest or take over African Minerals Limited as a result of the present situation must fully collaborate or consult with the Government of Sierra Leone through the ministry of Mines and Mineral Resources," the statement said.

It warned that without this such investors won't enjoy "the concurrence" of government.

(c) 2014 Agence de Presse Africaine (APAnews). All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

[tommy107] 26/11/2014 23:45

casual - think of all that lovely ebola money that the gov have just won from geldoff and bono and co. can be put to good use can't it?

[bulltradept] 26/11/2014 22:16

Why am I becoming positive?

Well, perhaps its just that I can see AMI rising again, albeit in a different form and the current holders may have to take a cut,or, perhaps it's getting near to Christmas, I'm not sure but something tells me it's darkest before the dawn.

Chin up all holders.

:-)

[casual47] 26/11/2014 22:04

Sierra Leone GDP in 2013: only just under $5 billion USD.

I can't see SL Gov't stepping into the fray here to buy a % in AMI for 100s of millions.

[bad robot] 26/11/2014 17:14

where's advfn hardman?

[bad robot] 26/11/2014 17:12

I thought you were positive at 100p then 80p.


bulltradept 26 Nov'14 - 14:40 - 3972 of 3975 0 0

I'm becoming more positive the longer this suspension goes on. Good luck all holders.

[kirk 6] 26/11/2014 17:04

Bull why say the longer the better ???

[warwick69] 26/11/2014 15:20

at least Iron Ore up a fraction today but not enough to get anyone excited.


Comeon board at least an update on events to keep us at least in the loop with some news

[kirk 6] 26/11/2014 15:04

bull - are you joking?

[bulltradept] 26/11/2014 14:40

I'm becoming more positive the longer this suspension goes on. Good luck all holders.

[nosnibord] 26/11/2014 14:38

What a tedious share. Battered all year and now can't even trade it. Just hurry up and issue an update to give us some closure!

[kirk 6] 26/11/2014 14:01

comeone BOD lets have an update!!!!

[willo] 26/11/2014 13:22

They are still loading the capes - you can see this on www.marinetraffic.com

[kirk 6] 26/11/2014 13:18

When did you ask these questions newsletter? What is your take on the answers???

Thanks

[w1ndjammer] 26/11/2014 12:32

newswseller

thanks for the update, sounds more positive than negative to me.

WJ.

[newswseller] 26/11/2014 12:05

I asked a number of questions to the BOD which got passed onto Tavistock, who replied ignoring anyone's of real interest to me.. Funds belong to project company so not AML or SISGTIMIS CORP not currently using infrastructure as terms being negotiatedSuspension came from regulator and the NOMAD jefferies, pending clarification of the financial position

[broncowarrior] 26/11/2014 10:46

Wonder if they have halted production until this gets resolved.

IF the cash is released it will only last a couple of weeks. The project really needs a massive new financing.

[newswseller] 26/11/2014 10:39

At 15.25 p those are one heck of a delayed trades

[broncowarrior] 26/11/2014 10:27

How can we read your lips, you are typing, not talking.