African Min. Share Discussion Threads

[newswseller] 06/3/2015 08:08

Your saying TMC is going under? If so why do folks think this is orchestrated by FT because I see no gain?

[kirk 6] 06/3/2015 06:57

Chalk let's see what bronco has to say. I think the directors did us proud and it was the external factors that got us here

[chalkminer] 06/3/2015 04:41

Morning all. Look at Cape Lambert accounts. Timis paid royalty of $400k to them for first Marampa shipment in December. Note when mining licenses were applied for. All this looks like one big FT gamble at the expense of AML.

[casual47] 06/3/2015 00:55

Timis Mining Corporation UK Limited was incorporated on 22/10/2014, around the time Marampa was bought.

It has two directors: FT and MARK LAURENCE ROBERT ASHURST, a long time associate of FT.

Is this the vehicle that holds the Marampa assets? Might explain why he started a new company for it.



Curiously, they have initiated the procedure to dissolve the company last week:

27-02-2015 Striking off application by a company --> the same day as the PXF transfer RNS!
05-03-2015 First notification of strike-off action in London Gazette (Section 652).

[casual47] 05/3/2015 23:43

If FT and GB did sell out then that solves the issue of PIs needing to separate their shareholding from FT's.

Solves the issue if there is a totally outside chance that Shandong might be inclined to pay off PIs that is...

[seanywauny] 05/3/2015 22:40

Tell your buddies £1 a share will do.

[beeks of arabia] 05/3/2015 22:33

I was probably a little harsh earlier. I apologise.

Best of luck with whatever action you take, or hopefully none will be required.

[seanywauny] 05/3/2015 22:14

I'm starting to smell 'corporate fear'.Interesting rumours of Frank Timis and Gibril Bangura selling their shares before suspension without notifying the market. This crew make Enron look like a bunch of choir boys!If true, I have no doubt Panorama and Financial Times will be covering this.It's just so laughably and disgustingly corrupt.

[kirk 6] 05/3/2015 18:11

Yes black and white so what's the point in trying to defend them on here. Beeks was involved with regal petroleum so no doubt still bitter. Frank is a great businessman no question there

[casual47] 05/3/2015 17:15

Beeks -- it has been done successfully before.

As you said, you are no legal beagle so you are not in a position to provide an opinion or make sweeping statements.

[seanywauny] 05/3/2015 17:13

It states quite clearly in black and white,'approved'Not 'maybe approved' or 'approved pending on SISG sign off'

[beeks of arabia] 05/3/2015 17:07

Were they?

Or were the statements open to interpretation by PIs?

I'm certainly no legal beagle, however going down the legal route will be a waste of time if the company goes in to admin.

[kirk 6] 05/3/2015 16:59

Frank or no frank the fact is the statements to the market where in the very least misleading

[newswseller] 05/3/2015 16:46

Everything was known about frank when this was four quid a share, so clearly no one cared back then

[casual47] 05/3/2015 16:27

Beek, some people on here have lost a great deal of money. Are you here just for schadenfreude? Also, if PIs want to pursue every last option available to them, what business is it of yours? Either add something useful or go play elsewhere.

[beeks of arabia] 05/3/2015 16:21

Truth hurts, eh?

[beeks of arabia] 05/3/2015 15:52

Frank is a superb businessman, whatever your personal opinions are.However if I was investing in a company and my research of the directors brought up the above article, I certainly wouldn't invest in it.

Instead, we get the usual diatribe - "it's the nomad", "the directors were culpible", etc, etc. We see it every time. It's never the fault of the PI who does zero research.

Ciao.

[seanywauny] 05/3/2015 15:47

Excellent stuff. Behind bars indeed.Jefferies imo is still liable however.

[seanywauny] 05/3/2015 14:45

Beeks you stink of corruption like the BOD.Lies of approved SISG funds in multiple RNS's, they weren't approved at all. The BOD lied as did Tavistock who are supposed to verify this information. They are liable for prosecution as shareholders invested based on this false information.Our chairman, negligent in his duties of Corporate Responsibilty to ensure shareholder value by acquiring Marampa for himself and stabbing the back of our 25% partner (Shandong ) for his own gain. His own interests superseded that of Shareholders interests. Also liable for prosecution.$50mln went missing from the AMI corporate account. All of a sudden $50mln turns up at Timis Corp for his 80% acquisition of Marampa. This warrants further independent investigation because it stinks.There's a lot more scandal to come yet of that we can be sure. This is absolutely massive blatant corruption. A Real-Time 'Enron in Africa' unfolding.It will all be highlighted utilising multiple mediums of free speech at hundreds of robbed investors disposal. My personal favourite will be dragging the names involved through multiple YouTube videos.All we asked for was fair value or at the very least, our money back to never hear from us again. However, that ship has sailed it seems.Personally, looking forward to the fun and games to follow.