African Min. Share Discussion Threads

[broncowarrior] 11/8/2015 13:28

If the directors have failed to fall below a certain standard then they have personal liability. Some of them probably have quite deep pockets, including Timis of course...

[beeks of arabia] 11/8/2015 13:20

I wonder if he can afford to read his own article?!

[broncowarrior] 11/8/2015 13:17

According to that article Timis lost 252mm in cash. Ouch.

[earnestwipplethwaiteiii] 16/7/2015 16:48

Because until Deloitte reports to the Insolvency Service, the Company is not officially wound up. And since Deloitte is pursuing at least one legal avenue in relation to SISG, it looks unlikely to be case closed anytime soon.

[nosnibord] 16/7/2015 16:30

Why is AMI still in my IG account? Sick of seeing the reminder whenever I login.

[shimmysham12] 25/6/2015 11:14

how is all the legal stuff progressing?

[kirk 6] 14/6/2015 13:09

Any chance you could post full article please

[old fool2] 14/6/2015 13:03

Read all about Timis - today's Sunday Times

Timis’s heartbreak: acts of God, markets and Chinese treachery

[earnestwipplethwaiteiii] 03/6/2015 19:26

I believe negotiations are continuing with Shandong, so to say definitively that there will be nothing left for shareholders is premature. It does however remain by far the most likely scenario.

[knicol46] 03/6/2015 19:09

from the Administrators 12 May 2015.. Shareholders As detailed on page 4, the shares in AML were publically traded until November 2014. The Joint Administrators are not obliged to provide further information or reports to shareholders of AML, however regular updates may be uploaded to the Companies’ website www.africanminerals.com and on the statutory website set up for the administration at www.deloitte.com/uk/africanminerals. For the avoidance of doubt, based on current information it appears unlikely that there will be any funds available for shareholders.

29 May 2015 the proposals were approved. Nothing left for shareholders.

[kirk 6] 01/6/2015 18:56

We're does it say that just now? Think we all know that don't we lol. Have you just had another update sent only to you?

[knicol46] 01/6/2015 18:38

AMI - all the proposals from the administrators have been approved - shareholders return 0p. Please turn the lights off and good bye.

[broncowarrior] 30/5/2015 23:02

Administrators will never lose money. All of the assets were taken by the Chinese. Recovery of zero unfortunately is correct.

[kirk 6] 30/5/2015 22:38

Must be an error as shareholders have put loads of cash in

[knicol46] 30/5/2015 18:31

Administrators conclusion: 'it appears unlikely that there will be any funds available for shareholders'

the admin bill up to 30 April 2015 is an average of £710 per hour!

[knicol46] 18/5/2015 23:06

AMI - 12 May 2015 Administrators update...
Shareholders: 'For the avoidance of doubt, based on current information it appears unlikely that there will be any funds available for shareholders.'

Another stock to add to the collection of admin/bankrupt/delisted stocks this year so far.

[earnestwipplethwaiteiii] 13/5/2015 15:53

Sapper - If you are one of the Action Group that has paid a deposit against possible litigation fees, you need to send an email to: [e-mail], including a screenshot of your holding that incorporates your name, the name of your broker, the number of shares you held at suspension date and the total loss on those, and only those shares, assuming zero value. You will then receive details of how to access the BB.
If you are not part of that Action Group, the only places that AMI is being discussed in public, or where you might glean info are here on ADVFN, on discussthemarket: hxxps://www.discussthemarket.com/company/ami/stream/1/, or with the administrator, Deloitte: hxxp://www.deloitte-insolvencies.co.uk/

[sapper2476] 13/5/2015 15:21

Anyone know where this is now being discussed now that LSE site has gone. Thanks

[sapper2476] 21/4/2015 17:35

The Bod don't care. They will take other work and all this will be swept under the carpet. Another AIM disaster.

[kirk 6] 20/4/2015 22:01

John do you think the legal case will be successful

[john henry] 20/4/2015 21:59

Absolutely shocking and disgraceful behaviour from the BOD.

[kirk 6] 20/4/2015 20:50

The case has only got stronger

[medved5] 20/4/2015 20:28

Trouble is shareholders are always last to hear the bad news and not really involved in the day to day business or asked to vote on decisions made by the board unless they are doing a rights issue to raise more cash!