Amara Share Discussion Threads

[sportbilly1976] 15/8/2014 09:56

some solid buying so far this am....breakout appears to be on :)

[king cuthbert xxvii] 14/8/2014 17:32

Newspaper tip:

The Acton & Afghanistan Advertiser : Buy Amara Mining at 24.25p

[sportbilly1976] 14/8/2014 12:46

Buys coming through nicely and pressure building on the potential breakout from these levels.

30p possibly a small resistance area although next stop could be around the 40p level - long build up over a year to hit/break through the 24/25p mark

[corrientes] 13/8/2014 11:46

Seems to me that this high variability is common to many mines nowadays. All the easy pickings were found up a long time ago, and so we now have a high average cost of production for miners, and why a higher gold price will have to come eventually.

[addison17] 13/8/2014 09:50

Finally a bit of good news that the market likes, up 10% since start of trading.

[boadicea] 13/8/2014 08:22

The bounce over the past few days, similarly the drop the previous week, both occurring a day or two before significant news, seems to point to a rather leaky ship.

However, the larger picture is falling into place with the closure news being effectively a non-event and the company now being 90% about Yaoure.

As a non-expert looking at the reported results, I am struck by their high variability which, looking deliberately for possible downside, might imply some difficulty in exploitation - e.g. blending to achieve stable grades for optimal processing, or requiring different processing paths for different ore types. (I am rushing off to a rather full day ahead so have not fully absorbed today's report.)

There is a lot to be learnt and reported here. Those who have been following for longer or paying closer attention to detail may be able to enlighten us with some clues about the likely answers.

PS: .... and again in a position to attack the 24p resistance zone!

[brendanm76] 13/8/2014 07:51

Loving the word "exceptional" in the RNS!!

[corrientes] 11/8/2014 17:11

Really ? - I must be seeing a different company. The only way is up.

[resourceful] 11/8/2014 10:43

i must be seeing a different company
the only way is down

[richgit] 08/8/2014 13:18

IMHO

The Day Gold convincingly breaks into $1400 will be the day Amara starts
its move to at least a potential £1 Billion Market cap.

In all my Gold years,and lucky enough to be in Brancote from 10 p to its £2.00+
bid at circa £250Million in those days gone by.... Yaoure is potentially the most massive Gold resource I have ever had a stake in from ground level ( bar CEY).

I also remember the days of CEY at 9p when few (including Myself)imagined
CEY would ever hit a £2 Billion valuation (at one point)

There are always ifs and buts,yet if Amara escapes an opportunistic bid,then
it`s game on, with the same doubters and naysayers of CEY at 9p or Brancote at 10p

[boadicea] 07/8/2014 16:01

Brucie5 - Bad luck - and it had me fooled too as a close below 19p was a potentially strong signal. Fortunately I did not sell as, given the totality of the circumstances, the drop seemed something of an over-reaction.
In practice, the news had obviously leaked - perhaps not formally but by deduction from actions by BCM - and was already in the price by the time the RNS was issued.

Possibly we shall find the 19p floor is still effectively in place and the dip just had a slight overshoot. At least today's bounce would support that view.

[troc1958] 07/8/2014 15:52

Bristow of RRS hinted on Bloomberg today at "one more large development" either own exploration or external before he goes. Yaoure maybe big enough? (Hummingbird's Dugbe project in Liberia also a possibility)

[brucie5] 07/8/2014 09:53

Looks to have been a shake out, back to the 200ma. Unfortunately I was shaken out. Timed this badly.. One just keeps learning..

[boadicea] 07/8/2014 08:51

Maybe the closure news was actually a hefty thump on an empty tin - all noise, little substance.
Enforced concentration on the new mine development may not be an altogether bad move.

[mr_pedro] 06/8/2014 18:45

After reading all this, it sounds to me that you all(negative) sold at 16p and now the share price is back up and you feel like a fool. lol What did you expect from news, the share price to rocket > 60-80p ? lol

[hod2] 06/8/2014 13:35

Pineapple, now that you have sold out and are making a case for this being a bad company, why remain on this board?Surely your time would be therefore better spent researching other stocks that you would prefer to be in?No need to further de ramp in my opinion....

[pineapple1] 06/8/2014 13:28

But on what terms. I doubt good for those owning equity. Owning equity in a mining company at this point in the development cycle will not yield good results.

POG investors have more chance of a return than here and we both know the head winds faced there.
imho

[pineapple1] 06/8/2014 13:18

I agree. Al Raghy has done an excellent job in extremely difficult circumstances.

[forwood] 06/8/2014 13:18

The way I see it, there's been a 25% fall on the back of a slightly premature closure of a loss-making mine with no material impact on company cash.

I have to disagree about the prospects of funding for the company's remaining mines. There's always money for profitable ventures and as I said earlier, the business case looks pretty good.

[mozy123] 06/8/2014 13:14

I dont mind directors getting rich! So long as spoils are equally shared.

Josef Al Raghy at CEY can have as much as he wants in my book. Hes has created a company from scratch and has a 13mil+ reserve and producing 500k oz a year.

Dividends about to commence. :)

what have these numpties done?

[pineapple1] 06/8/2014 12:30

Thanks Mozy123.

CEY is the only miner i,m in as well :-) as i got rid of all these a few weeks back at a loss of course.
Looks a fait accompli here unless gold rockets.
This company is only in business to enrich the directors and one fat bloater has decided that the teat is looking to shrivelled to support all the fat cats.
imho