African Battery Metals Share Discussion Threads

[johncraven] 03/10/2013 14:53

fish in the lake and that I would say

[gwatson56] 03/10/2013 14:53

Yes suspect more upside as more shorts will be closed (in significant profit). As of Monday the board were reporting a possible 50p rights issue, the share price is now @ 28p....

[skinny] 03/10/2013 14:44

In auction again.

[gwatson56] 03/10/2013 14:40

Shorts closing anticipating a spike up AM tommmorow or overnight positive news perhaps..... bird in the hand 'n all.. ?

[sos100] 03/10/2013 14:25

looks like it might even turn positive.

[spob] 03/10/2013 13:15

@ CT

rubbish in your opinion


"50 million debt is less than 3 times profits."


personally i would regard anything more than one years profit as too high

especially when you have operating leases to cover and you are also exposed to a volatile gold price

[hvs] 03/10/2013 12:47

lol !!!!!!

I thought they was lending !!!

lol !!!!!!!

[mister md] 03/10/2013 12:45

"50 million debt is less than 3 times profits"

But you need to compare to 2013 profits....

Have bought my first few today though as there is a reasonable underlying business but a gamble nonetheless

[hvs] 03/10/2013 11:18

Maybe the Board will pawn the business and pay themselves a FAT BONUS.

They have done a WONDERFUL JOB.

[quidzinn] 03/10/2013 11:13

I'm out ... made £500 this morning on these :)

Q

[exv] 03/10/2013 10:46

Posted on them today at the blog:

hxxp://expectingvalue.com/shares/albemarle-bond-abm-2

I've been following them for a while and, while I expected results to be significantly below what was being priced in and forecast, I didn't see the covenant breach and the fallout coming. Shows the danger of debt I suppose!

[bobsidian] 03/10/2013 10:41

The true instinct of a gambler.

[tpinvest] 03/10/2013 10:27

Put in what you can afford to lose and relax!!
if you can't afford to lose a bean - stay out!

[billweb] 03/10/2013 10:21

pre pack. be careful shareholders.

[johncraven] 03/10/2013 10:20

Agreed seems to be inundated with profit takers from the 22-25p mark

[spob] 03/10/2013 10:20

hello hello

they wouldn't be breeaching any covenants or be seeking a rescue rights issue were they not carrying too much debt

[falia] 03/10/2013 10:19

PROFIT TAKERS OUT

[falia] 03/10/2013 10:05

BLUE COMING ONLY 7% DOWN NOW

[bobsidian] 03/10/2013 09:59

The last full set of financial statements for ABM revealed that its gold activities were contributing around two thirds of its operating profits.