African Min. Share Discussion Threads

[seanywauny] 19/1/2015 01:14

You can email Grant79 at:[e-mail]

[aaaaaaaa5] 19/1/2015 00:26

Every PI on this BB should be aware that Grant79 over on the LSE board has requested that anyone with holdings in AMI join the investor group that is building. It currently stands at over 12m. In the event of admin this group will take action against the company for false & misleading information to investors. I strongly advise & urge you to consider taking action now before it is too late.

[seanywauny] 18/1/2015 15:02

It's Franks 50th Birthday on the 28th Jan. He'll either get a box of Cubans or a horse head in his bed.What's it going to be Frank?

[kirk 6] 18/1/2015 13:43

Lse is full of more speculation I think we could be expecting news very soon either way

[kirk 6] 17/1/2015 16:57

Good point casual. I actually think the cost cutting is one of the requirements of a deal with the Chinease. The terms and conditions will be the key.

[casual47] 17/1/2015 16:35

Makes me think that perhaps if there hadn't been that "concurrence" message this all would have been over several weeks ago. The fact that it isn't seems to offer some hope.

[casual47] 17/1/2015 16:32

Let's assume that admin is not the option preferred by Shandong and that AMI and Shandong are negotiating a deal. If a deal cannot be agreed then, still assuming admin is to be avoided at all cost by Shandong, then the natural way forward for Shandong would be a hostile takeover, right? That would bring us back to the "warning" issued by GoSL that any deal needs their "concurrence". So then the question becomes, does concurrence include FT still being part of the deal? Which perhaps brings us round circle again as it implies hostile takeover not an option?

Just idly pondering while knowing full well that everything is speculation, including what the implications are of London staff culling, and that until the RNS arrives that brings the news NOBODY knows how this will play out.

[kirk 6] 17/1/2015 14:55

Do we definitely know this information is true?

[shimmysham12] 17/1/2015 14:36

How hard will we get hit? Anyone care to guess. Doesn't seem like admin but if no deal yet then we seem really screwed. How can a company worth £2 a share get so much mess. To big to fail, nope.

[deusfaber] 17/1/2015 14:05

Looks as though they are flat broke and sisg have only agreed to pay for what is on the project level , to keep the project going .they will likely strike a deal but investors will get hit hard. how can it be any other way?

[kirk 6] 17/1/2015 13:19

Sean you would think so maybe part of the deal to be announced

[seanywauny] 17/1/2015 13:05

You don't try to save cash before admin by letting off staff though, you just go to admin no?

[martin3042] 17/1/2015 10:48

Yes surely you wouldn't be shutting your London office if there was a deal on the table. Really struggling to see any positives to this story. This isn't just cost cutting.

[shimmysham12] 17/1/2015 10:18

Not sure why they would close London office if admin was about to happen. This has dragged on long enough, we will be lucky to get 5p per share for delisting. Shambles, just want to know if we have lost our money so we can move on.

If deal is done I can't see this being good for share holders.

Frank Timis comes out of this as a wealthy hero. I wish him bad luck and hope he pays for his sins.

This is bad but admin it is not.

[casual47] 16/1/2015 23:51

I knew the Pimms no1 was going to be a bad idea this evening.

[deusfaber] 16/1/2015 23:42

casual , you are one lazy investor...
cantremember just said that he(aw) had tonnes of shares in AML
also the african dude fadika has ABOUT 20 million shares and all the rest have shares at very high averages such as nina Shapiro
some bloke on LSE called voxnihili says it is lights out for aml , claims to be an insider with secret knowledge and says that frank timis is sheeting himself right now ...he is argueing with AML hardliners lmfao
what a sorry bunch of investors..I shudda blown the lot on hookers

[casual47] 16/1/2015 23:13

Does anyone know if besides FT any other directors are shareholders in AMI?

Does AW have any?

[earnestwipplethwaiteiii] 16/1/2015 22:49

On the evidence so far I see no reason to assume administration; the saving from dismissal of London staff has small relevance to the Company's future, in my view - though no doubt distressing to those involved, the sums are negligible in the greater scheme of things.
Rather, I see this as the possible beginning of a rationalisation of the Company, in preparation for an eventual restructuring, which will inevitably take place and mean the loss to SISG of a substantial slice of AML's 75% of Tonkolili, in exchange for recapitalisation.
On that basis, I remain upbeat that at least something can be salvaged for shareholders.

[deusfaber] 16/1/2015 22:37

thanks for responding cantremember, you strike a very pessimistic note.
If he has his retirement money in here he will fight to the death for it I would imagine :)

[kirk 6] 16/1/2015 21:53

Could this not be part of the deal?