African Min. Share Discussion Threads

[fishyneck] 15/1/2015 08:52

Thanks for sharing. Not ground breaking rumour is it? Its what the board have been working on for months!. Anything that gets me somewhere near my 20p break even will do me! I guess I'm probably one of the lucky ones with a fairly low average.

fn

[seanywauny] 15/1/2015 08:43

An SISG offer rumour. Whether that means a percentage sale or a complete buy out for all shares remains to be seen.If the latter, then SISG will have to bring in a Technical Mining Partner to run the 10,000 workers.

[fishyneck] 15/1/2015 08:20

What's the craic over on LSE? Good or bad or both!!!

fn

[kirk 6] 15/1/2015 00:37

Seeks like an offer in the making nice and positive at least just a shame millwall lost tonight

[seanywauny] 14/1/2015 21:16

A hurricane of emotion on the LSE board tonight.

[substp] 14/1/2015 05:12

That's more like it....

[kirk 6] 13/1/2015 12:49

whats the price of iron ore? Bar chart is posting wrong informtion.

[broncowarrior] 13/1/2015 12:00

sapper, not much you can do with an IO fall like that, although they should have hedged a lot of their production. Lesson learned for the future (if there is one). Problem with one trick ponies is they are beholden to market disasters like this.

[sapper2476] 13/1/2015 09:34

Problem is, Timis can chuck in Lond to keep his 42 million shares, we as shareholders can give nothing more. If he wanted to shaft the shareholders that is the right way to go. I am hoping that the rest of the Board have some integrity left. We shall see.

[cantrememberthis2] 13/1/2015 08:39

Sapper, yes that chap going is a no news event, still got FT with his 42million shares alongside other stakeholders of AML whom I am hopeful are giving the BoD are harder time than us spouting on a Bulletin Board.

42m sharees toto equal £0 would be on paper a realised loss of over £4.2m even at the last close price, we know he bought at much higher prices, £80m wouldnt be far off it would it. So if your a rich git even losing £m's must hurt as it is all relative!

[cantrememberthis2] 13/1/2015 07:40

cottoner, very interesting, the last sentence on the RNS...

As negotiations progress... it must be all about stake percentages.

I cannot see AML remaining the biggest stakeholder.

25% AML owning this beast is the best efforts one would hope.

No news now for some time, meanwhile IO tanking overnight as well - joys!

[cottoner] 12/1/2015 20:41

'AML will continue to provide updates as negotiations progress'

Probably reading too much into a single word , but 'progress' certainly sounds more positive and optimistic , than say 'continue'.

[fishyneck] 12/1/2015 20:36

Granted but they are holding the purse strings to the pot!

[newswseller] 12/1/2015 20:22

SISG aren't chucking in their money though, it's owned by the project company

[fishyneck] 12/1/2015 19:30

Kirk, any negatives being spouted on the other board about this RNS?

Just curious if there's a negative I'm missing from sisg throwing another $13m in the pot???

Fn

[kirk 6] 12/1/2015 17:22

Good day all in all but could well be in suspension for a few more months

[seanywauny] 12/1/2015 17:16

Who's to say that SISG aren't open to the possible prospect of a 3rd party acquiring the other 75% with the debt?Perhaps SISG don't wish to acquire more but are entertaining the possibility that a professionally conductive outfit like Glencore will present themselves, honour the original agreements and ensure their 1.5bn investment is secure.

[warwick69] 12/1/2015 13:47

CAsual good point !!!

[casual47] 12/1/2015 13:40

Idly thinking aloud: Perhaps.....the longer this takes and the less likely it looks like Admin then IF there were companies who were hoping to pick up the bargain-bin pieces post-Admin then they may be encouraged to put a bid in themselves for part or whole of AMI rather than let Shandong get it cheaply?

[broncowarrior] 12/1/2015 13:20

Good news in a way but problem is therre is not income coming in at the moment. This money could really have been used for other stuff if we were still operating the site. In my view that 100mm needed to be used to to bridge the gap between profit and loss until such time that AMI was back at even at least.

Loan repayments owed - when are they due?

[kirk 6] 12/1/2015 12:44

Nice update the release of some funds is good news. Certainly seems admin out the question now. Just have to wait and see the T & C'S

[earnestwipplethwaiteiii] 12/1/2015 12:42

casual - me too - if anything, I think today's news is rather better for latecomers to the share than for those who bought earlier; it seems to me the percentage of Tonkolili that SISG will end up owning can only increase as negotiations continue, which likely will mean the share price will take longer to recover its former heights.
Of course it's always possible FT could pull one of his celebrated rabbits from the hat.

[casual47] 12/1/2015 12:20

Earnest -- PIs yes perhaps, but there is not an insignificant number of II major shareholders who probably have averages many times the current SP, who can estimate the value of AMI better than any of us and who could together potentially veto a totally derisive offer. Not that that is any kind of guarantee...

I entered into this share as a bottom feeder so I'd probably vote yes to anything...

[fishyneck] 12/1/2015 12:16

I guess the only question I have re this RNS is whether SISG would have been responsible for this payment even in administration to pay the taxes etc. This is not my field of expertise. If not then it has to be deemed positive.

fn