African Min. Share Discussion Threads

[newswseller] 12/12/2014 19:07

Post number?

[humbug12] 12/12/2014 19:00

I was spot on with my post back in November take a look

[casual47] 12/12/2014 18:52

If it is true then I guess one reason why AMI didn't mention it yet is because the deal is not yet done and they are still negotiating small print and it could all still fall through and perhaps they also want to leave the door open for any other last minute suitors.

No take otherwise as this is just as confusing for me as the other PIs

Anyone stating "for sure" might have an agenda, one way or another

[kirk 6] 12/12/2014 18:49

Newsletter he will be I'm the local pub

[newswseller] 12/12/2014 18:44

Article suggesting the opposite of today's RNS? Someone fire an email to Watling??

[kirk 6] 12/12/2014 18:39

Hi casual what's your take on that article ?

[seanywauny] 12/12/2014 18:24

It's decent news and a time buyer.We've been taken off life support here and put on a dialysis machine until a suitable kidney is found.Not only that but the Xmas lights have been turned on at Marampa with a clear cut advertising message that the power switch is under AMI's roof. A strong message to the market that the congregation of the two has to be taken seriously.

[casual47] 12/12/2014 18:13

Another twist to the story:

Shandon Company To Invest $500 M In African Minerals
Published: 12 December 2014
The Minister of Mines and Mineral Resources, Alhaji Minkailu Mansaray has disclosed that the Chinese-based Shandon Company with 25% shears in Africa Minerals Limited has promised to inject $500 million into the Tonkolili iron ore mines.
(...)
According to the Minister, officials of Shandon Company recently held talks with Government to address the problems confronting the mining sector with specific reference to African Minerals to prevent its collapse.
(...)
He revealed that African Minerals is still operating the Tonkolili mines, discrediting rumors that it has gone into liquidation and intimated that some of the company's shareholders, including bankers, are refusing to invest due to the current trend, especially the decrease in world price of the product for which Government has intervened and assured that the company would soon commence operations.

[johncraven] 12/12/2014 17:31

He won't take this private it's too obvious

[shimmysham12] 12/12/2014 16:57

Rns seems like a typical pre admin statement.

Timis gets this company tied in with new owners.

New year admin.

Timis is a Sharp cookie and is pulling off the perfect con.

[cantrememberthis2] 12/12/2014 16:34

Interesting rns...
no material progress doesnt mean a great deal.
as my comms to aw implied it seems sisg are the difficult party
alternative option will have to be considered I.e. tie up with another large compan....that would be nice

[earnestwipplethwaiteiii] 12/12/2014 16:16

Bronco - the Chinese are beginning to ease. Bad data in China out today so I expect the Chinese government will capitulate and we'll get another round of easy money and housing re-inflation - good news for us, if we survive that long.

[earnestwipplethwaiteiii] 12/12/2014 16:12

Yes, an orgy of outrage, the pot is really being stirred.

[casual47] 12/12/2014 15:50

It's four seasons in one day over on the AMI LSE forum.

[broncowarrior] 12/12/2014 15:49

They desparately need an IO price correction, some Chinese stimulus would do the trick. Good to keep the employees in action, helps prevent civil unrest, means things could get on line for AMI itself, if it finds the funding it needs.

[earnestwipplethwaiteiii] 12/12/2014 13:29

I'd go further and say they a pretty confident that these difficulties are temporary.
Of course it could all be bluff and bravado, but let's look on the bright side.

[casual47] 12/12/2014 13:08

Besides the usual legal caveats the "demeanor" of AMI is certainly a lot more "We shall fight on the beaches" than the wet white towel that LOND threw in almost immediately.

They are definitely sounding like a company not prepared to give in.

[earnestwipplethwaiteiii] 12/12/2014 13:06

casual - never heard of the bounder!

[casual47] 12/12/2014 13:04

Hi Earnest -- are you LordSnooty over on LSE?

I'm a fan!

[earnestwipplethwaiteiii] 12/12/2014 12:54

casual - again, I think that's just legal framework; in my opinion it doesn't bear on how long they expect negotiations to take - as if anyone could say in any case!

[earnestwipplethwaiteiii] 12/12/2014 12:52

enewman36 - that phrase is a standard caveat, put there for legal reasons. You will always see it in these situations; it means nothing in itself.

[casual47] 12/12/2014 12:45

Looks like they think C&M might take more than three months?

The current temporary arrangement is subject to review after 3 months (assuming it doesn't get terminated beforehand due to resuming operations/admin)


"This arrangement will terminate automatically in the event of resumption of normal operations (which would require negotiation and approval of a new arrangement) and is subject to review after 3 months."

[enewman36] 12/12/2014 12:38

"no certainty that a funding solution for the Company will be forthcoming"

Doesn't bode well does it :-(