African Min&Ex Share Discussion Threads

[mark knopfler] 14/9/2012 17:46

I bought this on your nod from another thread Sparty. I guess at these levels, one would hope the upside potential exceeds the downside possibility.

Certainly hoping so.

I've got my 12000 mile service money on it!

[broncowarrior] 14/9/2012 15:00

Up 22%. Great news.

[sparty1] 14/9/2012 14:53

little bit on the lse board of bmr who were presenting at the same time /same place..he wasnt really listening though he did say it was positive...

[broncowarrior] 14/9/2012 12:43

Has anyone seen anything on any of the other boards re the presentation? would be good to get an update.

[sparty1] 14/9/2012 10:25

Moving up nicely ...must have been a decent presentation yesterday ..ask now 4.41 ,rise hardly suprising ...low share issue and cash on the balance sheet.Low cash burn ,good investor profile with prae on board,apparently long termers...Good mining team too. :)

[sparty1] 14/9/2012 09:56

I `m hoping for a return to the 6./8p range.. Where it was last year ..things have moved on.

[2prsimo] 14/9/2012 09:47

That is a very nice looking chart which is in the recovery position. Looks like next stop 5p or so then a little pullback before resuming the climb upwards. Nice.

[sparty1] 14/9/2012 09:46

SK now 4,41...nice tick up ..The presentation perhaps convinced a few... :)

.I would love to see the volume gain some momentum here just to see how the mm`s cope....I suspect they wont.. lol

[sparty1] 14/9/2012 07:43

3 buys this morning,hopefully someone will report from the presentation ...ask is 4.20...

[sparty1] 14/9/2012 07:05

bronco...yes it is a bad habit ..let`s hope this "bucks" up....(see what I did there....)

[lennonsalive] 13/9/2012 22:47

5 years to release an RNS more like

[drewz] 13/9/2012 12:34

Keep the faith. This will take 5 years or more to come good, however.

[broncowarrior] 13/9/2012 11:37

Talking to yourself Sparty? Haha. Up 10% now, good news. I bought at 6p so a fair way to go before I'm in the black here. Someone will hopefully give a summary of the presentation. Someone should also ask why they so few news releases to the market.

When will drilling results be issued?

[sparty1] 13/9/2012 10:03

idontpost

I have had a little top up pre presentation.. looks like I`m the only one. just in case they throw out any updates this evening...

[sparty1] 12/9/2012 16:44

unless there is rns tomorrow morning or after hours tomorrow and before the presentation in the early evening ....there is plenty of time to get in here tomorrow. Not even a placement or rights would put me off this... Not that I`m expecting it.... lol..We are expecting drilling info.. Would be nice if that would coincide with the presentation,but as I wont be there....we shall have to rely on some kind soul relaying info....or an rns... :)

[sparty1] 07/9/2012 09:06

On the move again... Looking better .I`m dying to see what happens if the big volume hits this like nvta... chaos and panicky mm`s :)

[sparty1] 07/9/2012 08:05

been quiet lately but a few buys this morning...Gawd help the mm`s if volume hits this share....If they cope like when noventa went high volume there will be auctions galore.. LOL

[sparty1] 07/9/2012 08:03

We know from experience that few number of shares ...plus... high number of buys = panic within the mm`s ....multiple auctions and a big spike in the share price This was 9p a year ago ..The fall has been over done ! This company uses money wisely with it`s own rig and low cash burn. With the current investors ....even a placement would not worry me .Firstly because there are so few shares ...and secondly the likes of PRAE ARE UNLIKELY TO BE INVOLVED UNLESS THERE IS A GOOD CHANCE OF SUCCESS ...Actual shares available seem to be thin on the ground...We shall see when the mm`s get hit with multiple orders.. The presentation on the 13th at the novatel in the city should generate some further interest. My point is that I`m happy to invest in here at this very low level and don't fear any spike unless it surges past 9p. 9 pence may see a lot of sellers who have witnessed the fall
Since last year.The reasons for that fall? "aim" sentiment dropping.... that seems to have bottomed imo.. also the publicity re troubles in Mali. Those problems DO NOTconcern our area and in any case have apparently been dealt with.. ! So I`m in for a tranche and will keep buying as funds allow.Not bothered about buying in at the low as there is not enough selling here to bring that within range it seems.. That's another plus imo..
I cant make the presentation ...shame I wanted a few questions answered but very bullish on these anyway...

[broncowarrior] 17/8/2012 21:04

Agree, should give us more info than we get from their RNSs.

[smudger88] 17/8/2012 16:51

with particular emphasis on the Company's unique competitive advantages relative to its peer group.

Worth the admission money alone, albeit zero.

[broncowarrior] 16/8/2012 10:04

Mining results will be the proof in the pudding. 35p share talk when they haven't even confirmed a significant resource strike yet is pie in the sky. Obviously, I'd love it if that happened but let's wait for some news before getting too excited.

[prof moriarty] 16/8/2012 09:49

Updates have been very poor from AME, I would expect this to continue as they should have issued an RNS on the acquisition of Caracal and how this effects the existing plans (what needs to be modified etc).

[euclid5] 16/8/2012 09:27

They have around 18 months to prove up 500k oz & agree with figure but there is no guarantee the shares will be 35p by then - could be much higher or lower it's the risk the seller has taken & the agreement made - but I assume they know alot more than us & have taken that option to accept their shares for cash

"At the end of the 18 month period, AME will have at its sole discretion the right to allot ordinary shares, make a payment in cash or a combination of both cash and ordinary shares to the value of GBP1.25 million or grant the Seller a right of first refusal to reacquire Caracal from AME on a 'cash free debt free' basis.

If AME elects to proceed with the payment of GBP1.25m as set out above and where a JORC compliant Proven and Probable reserve of greater than 500,000 oz is established, AME shall be liable to allot 3,515,000 ordinary shares to the Seller."

[smudger88] 16/8/2012 07:16

So they can talk the talk.

Is there any evidence, any at all, that they can walk the walk ?