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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| African Min&Ex | LSE:AME | London | Ordinary Share | GB00B647W791 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 3.625 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 3.625 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 17/1/2024 | 07:00 | RNSNON | Savannah Resources PLC Investor Event |
| 10/1/2024 | 07:00 | RNSNON | Savannah Resources PLC Barroso Lithium Community Newspaper |
African Min&Ex (AME) Share Charts1 Year African Min&Ex Chart |
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1 Month African Min&Ex Chart |
Intraday African Min&Ex Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 15/11/2013 | 23:40 | African Mining and Exploration - Newly Listed 1st Novermber | 1,501 |
| 17/5/2013 | 07:19 | AME - African Mining & Exploration - 2012 And Beyond. | 5 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 24/9/2013 15:32 by broncowarrior Good stuff. Name change not until Octover though so you can still buy AME for a little while yet. Agreed that this was the deal made originally and it was made when the share price was 1.8p a share so I'm fine with it. I hope he makes himself much richer because it means we'll benefit too. |
Posted at 24/9/2013 14:23 by howdlep Archer £125k investment confimed and a further £193k to come from warrant exercise @ 3p. Excellent news. he is backing his own ability to transform this company. Time for pi's to follow......African Mining and Exploration plc ("AME" or "the Company") Results of General Meeting, Issue of Equity and Update re Change of Name African Mining & Exploration plc (AIM: AME) announces that at the general meeting of the Company held today, all resolutions put to the meeting were duly passed. Pursuant to the passing of the resolutions, and as previously announced, David Archer, CEO, will make a further investment in the Company of £125,000 for 5,555,556 new ordinary shares in the Company, at a price of £0.0225. As part of the subscription agreement and following the approval of shareholders David Archer will also be issued with the balance of 6,432,888 warrants to subscribe for ordinary shares with an exercise price of £0.03. The warrants have an exercise period of 5 years from the date of issue. Application will be made for the new Ordinary Shares to be admitted to trading on AIM ("Admission"). Admission is expected to occur at 8.00 a.m. on 30 September 2013. Following Admission, the total number of voting rights in the Company will be 106,435,530 ordinary shares. This number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules. Additionally, the Company will change its name to Savannah Resources plc effective on or around 1 October 2013 and will also change its ticker symbol on the London Stock Exchange from "AME" to "SAV" on the same date. |
Posted at 23/9/2013 08:30 by howdlep it is worth remembering that Mark Jones' (ex CEO AME who has now moved to ALO board) "remaining contractual entitlements will be satisfied primarily through the issue of 2,666,667 new ordinary shares in AME and through the issue of 1,575,000 share options over ordinary shares in AME with an exercise price of 4.62p and an exercise period of five years from the date of grant with the balance payable in cash."clearly there is going to be news that lifts the share price a long way above 4.62p for those options to be really in the money..... |
Posted at 22/9/2013 16:10 by dontshootthemessenger 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. |
Posted at 22/9/2013 15:11 by broncowarrior 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. |
Posted at 28/8/2013 17:29 by broncowarrior Right, just checked the ALO RNS and the heads of terms agreement would involve CEY buying just over 15mm shares for 250k. However, they aren't showing up on the share register so that hasn't happened yet. If it does happen, that should move the share price of ALO towards that 1.6p per share price fairly quickly. Perhaps the AME portfolio acquisition will convinve them to sign binding heads of terms, although it was designed more for ALO's Ethiopian assets. |
Posted at 22/8/2013 08:31 by broncowarrior This was an acknowledgement that AME probably doesn't have the cash to develop the asset itself. So they move those assets to a better funded company and take a substantial shareholding in that other company. When Alecto's share price rises, the value of AME's shareholdiing in that business will also increase, increasing the value of AME's share price. If that gets high enough they can then borrow against the increased value of issue more shares to fund their own exploration.This seems very sensible to me. Need to do my research on Alecto though... |
Posted at 22/8/2013 06:48 by howdlep Following on from the 500k investment @ 2.25, plus 11.11m warrants @ 3p, by the now new AME CEO, David Archer, today's big RNS is great news for AME shareholders imo. As I said on a previous post, you do not invest 500k unless major moves were afoot. Today is evidence of that.Through AME's investment in Alecto, AME has retained a portfolio of wholly owned prospective licences, including the 250 sq km Karan Gold project in Mali. Plus they have the JORC compliant resource at the Kossanto Gold project (detail in today's RNS). However, AME now get exposure to Alecto's extensive portfolio of gold exploitation projects in Ethiopia and the iron-oxide project in Mauritania, plus a number of strategic licences, without the need to further fund projects or meet existing cash obligations. Alecto also have a major shareholder who is clearly going to fund those projects. It will be very interesting to see how this openin terms of a markup and how quickly the share price will rise, given the small size of the company. One to buy at the bell if you can............? |
Posted at 27/9/2012 08:20 by broncowarrior RNS Number : 2712N African Mining & Exploration PLC 27 September 2012 African Mining and Exploration plc. ("AME" or "the Company") Exploration Update, Kossanto, Karan and Diatissan Permits African Mining & Exploration plc (AME), the AIM listed mining company focusing on exploration in West Africa, is pleased to update the market on the Company's exploration activities. -- Further study of existing data and additional field work on recently acquired Kossanto permits confirms prospectivity and provides AME with the best opportunity for the discovery of a resource -- 5,000m Reverse Circulation (RC) drilling programme planned for Q4 to test known mineralisation -- Additional anomalous target at Karan generated by auger and short Rotary Air Blast (RAB) holes -- Ongoing discussions continue to secure rights through acquisition or joint venture on additional properties in the region Kossanto Permits Following the acquisition of Caracal Gold Mali SARL in July 2012, AME is pleased to report on the positive progress made to date on the Kossanto permits in the West Mali greenstone belt. The detailed study of the results of previous work and new fieldwork by AME's geologists has identified three targets that will be the main focus for exploration in the short term. The work has given a clear picture of the gold resource potential on two prospects within the Kossanto permit area and strong exploration potential on a third target. The latest programme of work conducted by AME of detailed soil geochemistry sampling, (RAB) drilling and ground magnetics surveys over the priority targets supports existing data that was derived from previous work programmes including Induced Polarisation (IP) measurements, trenching and RC drilling. The two resource prospects, Gourbassi East and Gourbassi West show clear mineralised trends that extend for more than 1 km and provide the greatest opportunity for the development of a resource in the short term. Gourbassi East is a prospect characterised by a SE striking mineralised zone along a clear lithological contact. Soil sampling, trenching and RC drilling have identified a 900 metre strike length to the mineralised zone, which is open along strike in both directions. Previous results include 25m @ 1.11 g/t in one of the trenches and 22 metres @ 1.59 g/t (including 15m @ 2.18 g/t) in one of the RC drill holes. Mineralisation is related to the contact between Rhyolite and Rhyodacite units and a clear chargeable and resistive structure as indicated by IP surveys is present. Despite heavy rains and difficult road conditions, the Company's own rig and support vehicles were able to access the target area and the first holes of a 4 fence RAB drilling plan were completed at Gourbassi East at the end of August. RAB drilling will be used to test the potential extensions along strike identified during previous RC drilling. The Gourbassi West prospect lies approximately 3.7km WNW of Gourbassi East and appears to be analogous with its clear SSE striking zone of mineralisation associated with felsic volcanic rocks running for almost 1km. It was originally identified by anomalous Au values in soil geochemistry that was consistent with Gourbassi East. An IP Survey identified a highly anomalous chargeable structure, which correlates to the SSE to NNW trending mineralisation and was confirmed by positive trench results including 28 metres @ 0.96 g/t and 33 metres @ 1.08 g/t. RC drilling intersected significant mineralisation and areas of strong alteration and sulphidisation with peak intercepts of 17 metres @ 2.05 g/t, including 9m @ 3.06 g/t and 6 metres @ 1.8 g/t, including 3m @ 3.01 g/t. The structure is open along strike in both directions and represents AME's best opportunity for discovering a gold resource in the short term. The third target is Massakama, which is in the Western portion of the Kossanto permit area. The mineralisation at Massakama is hosted by a strongly silicified green volcanic rock characterised by skarn-type alteration and is associated with quartz veins orientated SSE and along the sheared contacts between intrusive bodies and host rock. Previous trenching and RC drilling have both intersected anomalous gold grades. Trenching results across the alteration included intersections of 36m @ 0.55 g/t and 22m @0.74 g/t; RC drilling results included a high grade intersection of 16m @ 9.5 g/t just 13m below surface and 8m @ 18.5 g/t. The high grade mineralisation is not well understood at this stage, thus a programme of detailed geological mapping and RC chip re-logging will be completed along with a first pass close-spaced ground magnetic survey. The ground magnetic survey has shown a strong correlation between mineralisation and magnetic lows elsewhere on the permit providing an excellent tool for further understanding any additional targets within the permit area. First pass orientation ground magnetic surveys of over 30 line km have been completed using AME's in house equipment and expertise. Clear correlations with the mineralisation identified in RC holes and trenching and magnetic anomalies have been made and are very encouraging for the identification of additional anomalous trends in future exploration programmes within the Kossanto permit area. The Company has received the first results from two close spaced soil sampling grids over separate areas within the Kossanto block. The first is in the Kobokoto permit, where a soil grid has been placed to the South of the previously drilled zone and over highly anomalous regional soil sample results - higher than those in the drilled area and up to 7,441 ppb. Using a grid of 400 x 100 m, AME's field crew collected 263 samples, of which 196 soil sample results have been received with 18 of the values highly anomalous and above 100 ppb. The peak values of 748 and 746 ppb are very encouraging and provide excellent targets for follow up work. Secondly, the Farikounda permit which forms the eastern part of the Kossanto block has been chosen for soil sampling as it has not been subjected to previous exploration and as such it represents virgin ground. An initial soil sample grid of 400 x 100 m has been implemented over an area of interest as defined by anomalous regional geochemistry results correlating with geophysical structures. Results have been received for 95 of the 431 samples, with a peak value of 531 ppb. A more detailed analysis will be completed when all results have been received. The work programme planned for the next 6 months for Gourbassi East and West is designed to better understand and trace the mineralised structure, commencing with 50 line km's of ground magnetic followed up by multiple RAB fences to test width, length and continuity of the mineralisation in the structure. In addition, a RC drilling programme of approximately 5000m is planned for Gourbassi East and West that will focus on discovering the continuity and depth of the already proven mineralisation, along with extending these zones along strike. Following the cessation of seasonal rains AME plans to upgrade the access road in October. Negotiations are underway with RC drilling sub-contractors and the proposed RC drilling programme is expected to commence in November. Figure 1 - Map of AME's Exploration Permits and Significant Mines / Resources Use the link at the end of this announcement to view this illustration Karan Permit The sampling of in-situ saprolite using auger and short RAB drill holes was successfully completed over the Farague target, within the 250 km2 Karan exploration permit, in April 2012. Positive assay results from the 81 holes confirmed a bedrock source to the anomalous soil and termite geochemistry and indicate a clear trend of increasing gold values, over 50 ppb, towards the Karan Shear Zone. Further geochemical sampling is planned to test this trend. Soil sampling over the northern part of the Karan Shear Zone is currently being implemented to locate the source of the most anomalous Bulk Leach Extractable Gold (BLEG) stream sediment sample in this area and also over a new and very active area of artisanal workings. RAB drill fences have been planned and prepared to test the mineralisation, including 17m @ 1.03g/t, previously intercepted during RC drilling. Following detailed structural and geophysical analysis and re-interpretation, RAB fences will be positioned to drill across both proven mineralisation and E-W cross cutting structures, which may play an important role in the local concentration of mineralisation. Diatissan Permit The 872 m of RAB drilling at Diatissan during June located low grade mineralisation of up to 0.4 g/t and intersected large amounts of quartz veining associated with the gold anomalies. Although no economic grades were discovered, the work proved the presence of low grade gold mineralisation with an associated hydrothermal system. General As the Kossanto permit areas show the most prospectivity, short term work programmes will concentrate in this area. The Karan and Diatissan permits are well ahead of the minimum work requirements to maintain their good standing during this period. A presentation that provides more detail about the previous work, the opportunity and the short term work programme is available on the company website. Ongoing discussions AME continues to hold discussions with third parties to secure rights through acquisition or joint venture on additional properties in the region. Mark Jones, AME's CEO commented that: "The acquisition of the Kossanto permits was a major positive step forward for the Company. The prospectivity of the permits is highlighted by the generation of substantial targets in areas showing defined mineralisation. The Company intends to realise the potential in these permits without delay. The advanced nature of positive exploration information available for the Kossanto permits have made them the company's immediate area of exploration focus, but the Company continues to review opportunities outside of Mali to diversify country risk |
Posted at 15/8/2012 08:38 by idontpost to put all this in context. market capitalisation is £3.5mill, cash is £2.7mill, so enterprise value is £0.8mill.no placing risk due to financing worrries. enormously prospective licences. value per share determined for acquisition of Caracal per early July rns of 36p compared to ame share price now of 4.25p. and so on. will be 25p no doubt to my mind, very soon |
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