African Min&Ex Share Discussion Threads

[ryan83] 11/9/2013 10:08

welcome KNIGEL!

[topnotch] 11/9/2013 10:07

Well you've just made the price tick up!!!

[knigel] 11/9/2013 09:18

Well i got some without going to neg trade so must be some still available at the moment

[knigel] 11/9/2013 09:11

Great potential gla

[howdlep] 11/9/2013 08:26

Market makers no choice but to move the price up to try and attract sellers. Momentum building now

[ryan83] 11/9/2013 08:23

yep, no stock. 3.47 to buy.

[howdlep] 11/9/2013 08:10

Premium buys now. With a low free float this is going up very shortly

[broncowarrior] 10/9/2013 13:58

very few shares in issue which is one of the attractions. a 10bag from here would still only value us at 25mm, still a small compay so easily possible eventually.

[ryan83] 10/9/2013 13:58

I prefer to buy on pullbacks.....but does look decent.

Here, SRB MIRL or MWA....mmm

[chrisis33] 10/9/2013 13:56

Encouraged personally by the director's piling in a significant pile of his own cash not so long ago. Added today.

[broncowarrior] 10/9/2013 13:55

It's worth more than this,that's for sure. the main concern with this is they don't have a huge amount of cash - they are extremely disciplined with their cash control though which mitigates that.

[stockologist] 10/9/2013 13:38

Before it's legal wrangles PFP was worth 10x more than now which shows the value of just a licence in that part of the world

So AME could be worth 10-20x more than current price ?

[stockologist] 10/9/2013 13:37

this is crazy cheap

AME - £3m for a proper mineral sands licence in Mozambique
PFP - £7m for a massive legal wrangle over whether they hold a mineral sands licence in Mozambique

[broncowarrior] 10/9/2013 13:23

Nice number of trades today, but relatively low volume. Not much stock around full stop and especially at this price.

[bains123] 09/9/2013 22:43

Kibo Mining (KIBO): Extended Base Points Towards 10p Target - See more at:

[broncowarrior] 09/9/2013 21:01

Nice to see the board livening up with lots of different posters. Anyone fancy creating a new one when the name changes? John Gilchrist tends to post on a competitor thread but he has a million of these.

[chrisis33] 09/9/2013 20:42

Might add in the morning. Bought some more today.

[broncowarrior] 09/9/2013 20:07

Couldn't find anything on RIO JORCing their resource either, maybe we have the good resource. Seems like providing we can prove it up it would be an easy sell to RIO. Exciting.

[howdlep] 09/9/2013 19:31

This is excellent news. However it is just the beginning for this microcap where the CEO is heavily invested using his own money rather options. Hopefully we will get press coverage in the morning and a move beyond 4p over the next couple of days

[broncowarrior] 09/9/2013 17:00

Eldrath, is there anything in the last RIO annual report? The link I sent round earlier on another company suggested profits of around 20mm one of their resources.

[eldrath] 09/9/2013 15:53

@inbrackets

I guess that depends on a lot of things...

I am quite fond of the frugal nature of the board who are made up of significant shareholders (Praetorian, Fiske and the new CEO). I like the fact that on the surface they seem to have been cutting some good deals. I like the fact we still have exposure to Kossanto.

The downside for me is that I know next to nothing about heavy mineral sands and the Rio Tinto factsheet for the adjacent permits suggests they have managed to drill 4000 holes without defining a resource. If anybody has found anything else from Rio Tinto on the subject I would be interested because their website doesn't have much information I could see.

hxxp://www.riotinto.com/documents/ReportsPublications/Titanium_mineral_sands_exploration_target_in_Mozambique.pdf

[broncowarrior] 09/9/2013 15:45

I think I break even at about 3.5/4, somewhere in between there. I'm going to let this ride now, quite exciting times. Wonder if we are done with the acquisitions or we have another small one to do.

[inbrackets] 09/9/2013 14:27

Should i have taken the opportunity to shed when the market rose this morning? Answers please c/o The Grand Old Duke of York, Almost Back Where He Started, Up and Down Lane, Redditch