African Min&Ex Share Discussion Threads

[captj] 22/7/2013 08:03

Would have liked to see the warrant period a lot shorter as 5 years to reached 3p when we have dropped from 10p in a lot less than that is not exactly a stressful target either that or warrant options should have been a good deal higher possible back to the 10p mark over the 5 year period as would be hoping for that and more in next two years never mind five but at least it shows faith and that has got to be a good sign to halt continued drift downwards we have been seeing.

[broncowarrior] 22/7/2013 07:21

Good thing is he took the shares at a premium rather than a discount so the mms have pushed it up to that price. There is no bs from this company, they are not hiding from the fct these key is tough at the moment.

[sparty1] 22/7/2013 07:14

Bronco..I like it.
just reading through quickly..Firstly ,I guess it was coming ,but they have made the capital they had last a hell of a long time!How many aimers pot there have directors working for nominal salaries and working for options....? IE they are taking the same risks we are..Still just over 100mill shares issued BUT just as tightly held......So we are funded for some considerable length of time because this lot are meaner with cash than the scots!(oops,sorry JG) Quite right too..If only other aimers boards would take note! Lastly another quality member of a quality team. Good news imo!

that's a lot of dosh for one individual to cough up. He must have been given some info re the last jorc and it`s prospects for improvement?
The mm`s have marked it back up a bit anyway...up 20% ..hopefully get some buyers after the news is digested.

[broncowarrior] 22/7/2013 06:32

The one if able placing has happened, mr archer making a 500k investment. Also going to look at resources other than gold given current gold outlook. Not sure whether I like this news or not

[sparty1] 15/7/2013 14:55

bronco ..yep ..will be while now though,assuming the rainy season comes into play.Does look a bargain but then I thought that at 4p...

[broncowarrior] 15/7/2013 12:03

Dropped under 2p, frustrating. Need a gold rerate.

[sparty1] 11/7/2013 07:44

I`m sure they will get the resource level up.This team is too experienced to carry on with a project that is not worthwhile .We have gold ,we will prove up more ,we still currently have sod all shares out there and the area is safe with elections due month end.The share price is at year low...and imo cheap!Cant understand why they were so much higher when they had found sod all...!

[inbrackets] 10/7/2013 13:00

The Randgold RNS seemed like a fair statement of recent history and current facts facing the junior miners/explorers at present along with local governments even if it could be seen as talking their book. there may be enough gold in them there hills to pay a king's ransom but if it costs more than the king's ransom to get it, unfortunately it may be better to leave the king where he is for the time being. All we can hope is that as further detail is built up as the search area expands and the resource estimates increase, it becomes of interest. At that point, no doubt there will be some haggling over the king's worth. As a republican, i would not be the best person to negotiate.

[broncowarrior] 10/7/2013 12:12

Randgold RNS today - they have recently entered into a partnership with Taurus in Mali. Our asset size really needs to increase before they look at us I would say.

[broncowarrior] 03/7/2013 11:53

I imagine they will farm our first, also have the option to do some sort of convertible note with the major shareholders.

Painful watching it drip down every day.

[inbrackets] 02/7/2013 14:51

The spectre of a cash call.....
Am i starting to hear the drip, drip, drip of ever improving news on the size of the resource, followed by the bill for staying in.

[john6185] 02/7/2013 14:05

Key thing is that they have so far delivered on promises. 500k ozs of Gold by the end of 2014, would make this very valuable.

Main thing for us is avoiding the impact of dilution when the cash starts to run out. So I do hope that Randgold go on a shopping spree, and we get a cash injection to support progress towards that 500k oz target.

[inbrackets] 02/7/2013 08:04

BW - you are, of course, right. Miners / explorers etc are a sea of red and in fact AME maybe suffered its falls a little before - but rolling with the ups and downs of the waves and keeping those eyes on a horizon helps avoid sickness. Anyway at this level, with a maiden resource that could prove to expand, you might have thought it would provoke interest.

[inbrackets] 01/7/2013 14:38

This looks like it has been walked down over the past few months and is now being driven down, especially now with a confirmed asset. Feels like a game is being played but does anybody know what the rules are this week?

[john6185] 30/6/2013 12:26

This might help ... 580 Tonnes of Gold bought in since 20th June!!

Interesting little article ..

[broncowarrior] 26/6/2013 14:10

Think you are right inbrackets, this will be around here barring a gold resurgence until Q4.

[inbrackets] 26/6/2013 10:41

(sounds of gentle snoring, stage left)
Enter: JORC and the goodly Maiden Deposit

PI's: Good to see you both at long last.
General Market: I'm tired, it has been a busy week. Can i go back to sleep.
PI's: But surely you must be interested in at least checking the dowry
(sounds of gentle snoring, stage left)

End of Act 1
Intermission Until after the Rainy Season

[broncowarrior] 24/6/2013 20:15

No worries John, thought you were being over optimistic but didn't want to dampen the fire!Gourbassi wear JORC, improved resource for Gourbassi east, lots to look forward to at a ridiculous price. Gold was down again today though, even with the markets ranking horribly.

[john6185] 24/6/2013 17:49

OK .. got to admit 3 main problems with my resource ready reckoner

1. you can't just average the grades from the drilling tables - 1.42 g/t from where?? did they sample the worst 500m section or am I missing something?
2. there is slight difference between grams and ounces, which I forgot to account for in my quick calculation :(
3. gold ore is clearly much heavier than 1.5 tonnes per cubic meter.

I'll put that once down to experience. Next time I hope improve on 1000% out :)

Bronco : Rainy season takes out drilling Q3, but they can start again in Q4. Still could be a quiet few months.

[broncowarrior] 24/6/2013 15:44

hxxp://utahpeoplespost.com/2013/06/african-mining-and-exploration-plc-stock-rating-reaffirmed-by-n1-singer-ame/

What does this even mean - "corporate"?

[sparty1] 24/6/2013 14:50

hxxp://www.stockmarketwire.com/article/4618810/AME-confirms-maiden-resource-at-Gourbassi-East.html#sthash.bXhP4OAx.dpuf

hxxp://utahpeoplespost.com/2013/06/african-mining-and-exploration-plc-stock-rating-reaffirmed-by-n1-singer-ame/


google alerts getting busy ..at least we are talked about now...

[sparty1] 24/6/2013 11:27

KGLD is that resource open castable? I`ve already got all the goldies I want and like this team.Will be looking to see if any director buying occurs here now.

[christianf12] 24/6/2013 09:35

If you think AME is cheap, you need to seriously look at KGLD imo

KGLD have a 225k oz JORC resource and £6.5m in cash in the bank which equates to 6.25p per share

KGLD have no debt

KGLD are under 4p to buy

If AME is cheap, KGLD is the most ridiculous valuation on AIM imo

[broncowarrior] 24/6/2013 08:49

We need a broker note, we have no one following this one.

We now have an asset so the broker should be able to put a rough number against this.

I see they aren't going to be able to continue the exploration until toward the end of this year because of rainy season. Shame as we are just getting some momentum (with company activity if not the share price!)