African Min. Share Discussion Threads

[kirk 6] 10/2/2015 14:57

I reckon Timis shorted AMI through other means hence the continual drip of shares on level 2. This way he probably managed to sell most of his holding without any annocement. Something clearly has gone on here.

AND again why actually suspend the share?

[broncowarrior] 10/2/2015 14:56

Kirk, where do yo uthink the price would have been if it wasn't suspended? If MMs had to take it they would have taken it down to .001 of a penny, not worth selling at all.

[cantrememberthis2] 10/2/2015 14:31

So FTIMIS 42 million shares equals £0.00

NORTHCROFT @23p couple £m worth £0.00

CRM massive holder of shares and some debt shares worth £0.00

Beggars belief... Orchestrated to high heaven perhaps.

£0.00 no value, there definitions are a copy paste from LOND.

Note AW inbox and phone probably off the blinker...well I never...

I now recall AW saying on the phone that SISGITS wanted the flipside of 75% and 25% for nothing.

PRETTY much knew this pre-XMAS.

Shambles.. and cowards for not replying.

[seanywauny] 10/2/2015 11:18

Earnest, I was thinking of applying for the job. I've got some Polonium 210 that may come in handy ;)

[kirk 6] 10/2/2015 11:00

can anyone answer me this: Why didnt they put a statement out saying little or no value instead of the suspension rns? They could have told the market that there SISG are playing hardball and they will have to negotiate!!

WHY was the stock suspended??

[seanywauny] 10/2/2015 10:22

Definitely admin. Admin superintendent job just posted for confidential West Africa group.-

[broncowarrior] 10/2/2015 09:54

The infrastructure has no real value if it can't transport profitable materials. There is only value where IO can be transported and sold profitably.

Clearly there is going to be some kind of collossal dilution leaving us with about a 10th of a penny if we are lucky.

Avoid one trick ponies and always look at the marcro envinronment are the two big lessons I have learned here.

[w1ndjammer] 10/2/2015 09:31

It would not surprise me if SISG or FT comes along and offers 2p in the pound to shareholders in EEL style.

WJ.

[w1ndjammer] 10/2/2015 09:23

They will need to go into Admin to get their dirty deeds done, lets hope someone comes along to spoil their party Glencore maybe !

WJ.

[cantrememberthis2] 10/2/2015 09:14

I repeat the statement, why not push this into Admin now.

What has stopped them? Imcompetence!

So FT will end up with £0 of 42m shares in AMI - wow

[newswseller] 10/2/2015 09:10

it's all very odd. A huge resource (60+ years) with all the infrastructure in place, a modest investment required to get it running profitably and zero interest?

Yet billions are being spent on smaller iron ore sites just to get them up and running..

[cantrememberthis2] 10/2/2015 09:09

Sounds NO DIFFERENT to ADMINISTRATION:

In the event that a funding solution is successfully reached, it is highly likely that the outcome would leave little or no value for AML's shareholders, due to significant balances owed to trade creditors before the Project went into care and maintenance, as well as existing bank debt amounting to $276m and the $400m convertible bond, all of which sit ahead of AML's shareholders in the capital structure. Furthermore, SISG has made a number of claims against the Project which further diminish its value.

Why cant they say ADMINISTRATION FFS

It is just as good because in Admin it is ALSO HIGHLY LIKELY that there will be no value for shareholders.

[john henry] 10/2/2015 08:58

The claims against the project are there to deter any third parties.

Planned stitch up imho

[kirk 6] 10/2/2015 08:49

yep invested another 15k on the back of that

[newswseller] 10/2/2015 08:30

this presentation is most damming

hxxp://www.african-minerals.com/system/files/uploads/financialdocs/Corporate_Presentation_September_2014_Post_Interims.pdf

AML only debt is the convertible bond $400m
rest is split over ARPS/TIO

Anyone know if the project or parent company that holds the permit and licenses

[seanywauny] 10/2/2015 08:21

Time to download & save all misleading company RNS's and any email correspondence any of you may have from the BOD to take legal action. Grant79 from LSE is arranging this and would make use of anything you guys have. His email [e-mail]

[kirk 6] 10/2/2015 08:20

this is surely a prime case for misrepresening rns's if ever the was one!!!

[cantrememberthis2] 10/2/2015 08:04

You cant even sell at 0p let alone any p as this is stuck in suspension.

Played one would think to avoid being accused of not 'trying to secure future'.

Pathetic really is... misleading RNSs under the nose of the Market Authorities...rrrrrrrrrrrrrrr

[kirk 6] 10/2/2015 07:50

How can there be little or no value for a multi billion mine? What happe

[newswseller] 10/2/2015 07:50

Love the usernameTalk of 30p to 0p now, you couldn't make this up

[kirk 6] 10/2/2015 07:43

Why would sisg release some funds recently ?

[seanywauny] 10/2/2015 07:41

Arranged to fail Kirk. They kept up hopeful pre tense to get here and make the bond payment. And all of a sudden SISG have made substantial claims against AMI.Where was that news before?