African Min&Ex Share Discussion Threads

[dontshootthemessenger] 23/9/2013 08:07

ALO investment worth over £3m now

[howdlep] 23/9/2013 08:05

just cant buy online in any size. This is going up shortly....

[howdlep] 23/9/2013 07:52

Mining Maven tips AME in a superb article

[broncowarrior] 22/9/2013 17:37

True, but you can still be in a situation where AME''s 25 percent is worth less or more than ALO's valuation. The CEY news is exciting but the Mali assets they bought from AME I expect to become a 500k oz resource in the fairly near future. With any good drilling results for the heavy sands resource in November I also expect a NAV of 20mm plus for that one. Very very low valuation at the moment IMO.

[dontshootthemessenger] 22/9/2013 17:10

Not sure ALO should move on AME moves but AME certainly should move on ALO moves.

The deal whereby AME vended their Malian gold assets to ALO was done for ALO shares so AME definitely has exposure to ALO. ALO has no exposure to AME's remaining assets going forward.

[broncowarrior] 22/9/2013 16:11

Thinking about the reworking of the deal last week to ensure that AME could not carry the casting vote on special resolutions, I imagine that was at CEY's request. They likely wanted to be dealing with ALO only without outside interference. Immaterial to AME and it got the deal done so everyone wins.As these two get more liquid there are going to be arbitrage opportunities between the two of them. ALO went up over 100 percent and AME only 7 percent. One would have thought AME should have gone up at least 25 percent. Was ALO catching up with AME or is AME still underpriced? In my view they are both way underpriced.

[broncowarrior] 22/9/2013 13:50

Great, cheers.

[dontshootthemessenger] 22/9/2013 12:28

started a new thread for Savannah Resources. Bit of a blank canvas so put the most pertinent details about the CEO in the header. £500k personal investment and not taking a salary.



AME should start trading as SAV on Wednesday 25th September so we can continue to use this thread until then

[john6185] 22/9/2013 08:22

Yes .. 720k shares at 4p.. looking at a £18k odd loss a few weeks ago, but nearly back to black for me also

Looks like that should turn around should continue strongly next week, and we might touch double digits. Price should really be in the 20's, but we've taken a beating with the rest of the resource sector

Strange. Originally Invested as a junior explorer with good assets in a geophysics hot region. Oh and good management, with prudent fiscal policy. Low number of shares and small free float. Based on a recommendation by sage on LSE>

Now we've transformed into an investment company. But the management team seem really sharp and have landed a couple of excellent acquisitions when the junior miner market was down. The big director investment was the strongest signal to me that it was going to be successful.


Really show that you have to be patient.

[broncowarrior] 21/9/2013 22:38

You still holding all of your John? I've broken even but loads more potential here.

[broncowarrior] 21/9/2013 19:15

Any one going to the name change meeting on 24 September? Also, will someone start a new thread when the name changes? Exciting times here.

[broncowarrior] 20/9/2013 20:23

Been out all day, loving this. Price seems be held back, should have gone past 5p really. As people have said, let's see what happens on Monday.

[highly geared] 20/9/2013 18:47

AME should be trading around 10p just to catch up with todays events over at ALO. Zip value in it for the heavy sands project at the moment.....

[howdlep] 20/9/2013 16:35

the opening bell on Monday will be interesting given the weekend press coverage in ALO

[whereareallthemugpuntersyachts] 20/9/2013 16:31

Very limited free float owing to so many 'clever' money holders.

[howdlep] 20/9/2013 16:29

plus AME "has entered into an agreement to acquire an 80% interest in Matilda Minerals Limitada ('Matilda'), a privately owned Mozambican heavy mineral sands explorer. Matilda holds the highly prospective 180km(2) Jangamo tenement ('Jangamo' or 'the Project') which is located in a world class mineral sands province in Southern Mozambique, and scout sampling by AME has returned results of up to 18.1% total heavy minerals ('THM'), with ilmenite, rutile and zircon recorded in the mineral concentrate."

Jangamo is adjacent to Rio Tinto's major Mutamba(1) mineral sands deposit, which along with another licence area in Mozambique have an exploration target of 7-12 billion tonnes at 3-4.5% THM

-- Defined exploration programme in place to realise value in near term - drilling programme scheduled to commence in November 2013, funded from existing resources

[bam bam rubble] 20/9/2013 16:23

PFPs market cap £6.5m, and that's with its legal issues

AMEs market cap £3.5m, with £3.5m worth of ALO (priced at 2.25p)

Looks underpriced. Only took a small stake, may add more before the close

[howdlep] 20/9/2013 16:21

no way this can be held back any longer

[whereareallthemugpuntersyachts] 20/9/2013 16:16

BAM BAM

well pointed out

I like the fact the new guy put £500k of his own money in at a premium at the time

And this 'World Class' mineral sands project he has brought in next door to Rio Tinto project looks like a PFP beater

[howdlep] 20/9/2013 16:14

premium being paid now for just 25k. This is going up shortly....

[whereareallthemugpuntersyachts] 20/9/2013 16:14

The way ALO is moving it will get a write up in Daily Mail or something and next week it'll be 5p+

I bet ya.

In which case AME will have £6m investment in ALO and thus have enough to take its PFP mineral sands project some way towards the potential ten bagger fruition.

[bam bam rubble] 20/9/2013 16:13

Even better than that as there's a further 32m or so convertible ALO shares

Have taken a small position here as it looks cheap in terms of asset backing

[whereareallthemugpuntersyachts] 20/9/2013 16:07

So for £3m AME you get

120m shares in ALO (120m x 2.5p = £3m)
the new Mineral Sands project next door to Rio Tinto which could make AME a ten bagger as a PFP beater

[howdlep] 20/9/2013 15:24

cant even buy 50k online now....