Amara Share Discussion Threads

[bones30] 25/8/2015 14:38

Yes, I missed it too. Quite balanced. I'm rather bullish here currently.

[hutch_pod] 25/8/2015 14:37

Hope so Richgit.

Nice proactive article, missed that thanks. Lays out the bull case for sure.

[amargosa] 25/8/2015 13:19

Recent company presentation and an interview with the CFO explaining what's happened to the IFC, as if it wasn't obvious.

[richgit] 23/8/2015 15:27

Hutch pod.

What can i say ?

They will throw all the paper they can at it,yet how do you ultimately seal a bursting dam with Paper ?

AMA will be headlining $400 Million in Gold output for mere starters (IMHO)
with a Market foresight that could become a fairly moderate target of
$600 Million and who knows if......... $2 Billion ?!

Will they get to mine. ?

I guess the question is- how could $Billions of Gold - not get to be mined ?

[hutch_pod] 22/8/2015 19:08

Hey Rich, reckon gold is going to break out properly amidst all the strife?

[richgit] 22/8/2015 17:45

Everyone in the Gold game should know that paper Gold can only manipulate
Physical for as long as they can find the Gold to meet demand from those that
take Physical.

There is another problem ...

Possibly 0.9999 purity kilo bars is the nail in the Comex Coffin as China
& the East will ensure there are none available to the West


As Mr Hathaway points out what Mr Maguire was hinting at....

If you start looking at the migration of gold in vaults, you’ll see
it’s all going to Asia and being refined in Swiss refineries.

Not into 0.999 purity 400-ounce bars, which is London
Good Delivery, but into 0.9999 purity kilo bars.


Once it’s refined into four-9’s kilo bars instead of three-
9’s 400-ounce bars, you can’t claim it with paper in the synthetic gold trade
because it’s not London Good Delivery.
What it points to is that the underlying physical upon which this pyramid of
credit for synthetic gold is built is getting smaller and smaller.

[richgit] 22/8/2015 17:06

pineapple1

Do you truly imagine that the Anti-Gold cartel are not aware of how high Gold
will go ?

Maybe the question should be put to Dracula (JP Morgan) just why they seem to be
holding 350 million ounces of skimmed off Silver for their own account


Look back to who nearly went under with their Gold manipulations in the past !!
Did they learn ? I would Guarantee they did.

To think these Gangsters don`t know the true value of Gold would be a huge mistake.

Just consider that the East already let us know what Gold will be worth.

[pineapple1] 22/8/2015 12:40

Hutch....yes a rise in gold would undoubtedly help but small gold miners are like lepers at the moment and banks will be reluctant bedfellows.A trade financier /partner perhaps . A major will want control itself.of operations.
The damage done to the industry is going to take a quite few years to repair. Have AMA sufficient time. I,m sceptical hence my bearishness at these prices both in the equity and the metal price that's required and whats achieved to raise sufficient interest. I don't think this is the "this is it" moment for gold prices.If gold goes to $1500 quickly that,s different.
Of course directors will raise funds to pay their salaries and that's going to be thru a share issue (again).
Its not doomed but boy have investors got a long hard slog ahead.
imho

[hutch_pod] 22/8/2015 12:24

Taking the MII case the npv is maybe 85p per share. Agree a share price recovery is needed to make the dilution bearable but I guess it would come if gold recovers, which also has the benefit of lifting the npv (at levels above 1250). Admittedly 1250 seems a long way off now. But one day?

[pineapple1] 22/8/2015 11:51

Hutch pod.....i agree it would need to be raised in stages but the crucial part of your post is the word equity. How many further shares would need to be issued to meet the financiers demand. Does that mean that there are multiple equity raisings ,one for each stage. This if true is the point i,m making. I see no way other than a buyout for existing holders to make a profit on the original investment. You'll be asked to put your hand in your pocket time after time. I suspect this will eventually fall to about 3-4p maybe lower as dilution effects shares in issue.
Shame really as when they were producers with a revenue stream they were in with a chance. What happened to all that cash and what have investors to show for it.
Not a lot from where i.m sitting.
imho

[hutch_pod] 22/8/2015 11:22

Perhaps a phased approach to ease the capex challenge, with say 25% equity/75% debt? Guess it helps to raise finance next year rather than this, presuming of course the gold price rises from here. Though if not, a phased approach focusing on the lowest extraction costs might seem plausible.

[corrientes] 22/8/2015 09:51

Pineapple1 lost a pack here, but being a bit of a twerp he just can't leave it alone.

[richgit] 22/8/2015 00:41

The potential value of AMA is simply off the scale.

"Yaoure has the potential to be one of the largest gold mines in Africa. With 6.8 million ounces of Mineral Resources (4.4 million ounces Indicated and 2.6 million ounces Inferred),Yaoure is the largest undeveloped gold project in West Africa."


The next leg of Gold`s supercycle should be at least 10 years of Gold rising from $1200 to $2000 and then fill in the blanks from $9000.

Overall-taking just a view of Gold rising to $3000 indicates the enormous
potential here,yet of course a supercycle suggests a multiple of that.

We don`t want to imagine a Weimar scenario,that some believe will happen,yet
We all know there is one simple protection against that.

We may yet witness another round of QE`s which just makes the case for Gold
even stronger as the only currency/money that cannot be printed.

Personally, I think back to $1200 will have many thinking they have been lied to by the Anti-Gold cartel, and then $1300 will have millions of people realising they have been lied to.



The whole Market is a lie,and the only honest currency is Gold.

[rhuvaal2] 13/8/2015 11:31

rossannan ~ yes I too have the shares you mention, plus MTR which is a micro investment trust (with commodity joint ventures "all lover") and is self-financing in clever ways to achieve decent returns whilst pog is ever so low.

[pineapple1] 12/8/2015 18:09

Well the resource does not look compelling to me in such a price environment and with such large sums to construct the mine a buy out here seems the only hope for holders.They,ve certainly managed to burn their way through a considerable amount of the money raised recently too. They'll be back for more as the drill bit burns through the remaining funds.
EV value of gold in the ground is about $2 an oz at the moment so this looks fully valued ++++ to me at the moment using that basic metric.
imho

[rogsim] 12/8/2015 14:38

"Compelling" is a favourite adjective of AMA and Mr McGloin. We have had it several times in descriptions of the Yaoure project and it appeared in today's RNS, applied to Baomahun. Is it impertinent to enquire to whom the projects are compelling? Are financiers/companies so enthralled by AMA's prospects that they're knocking the door down to make an approach? What, if anything, is going on to bring these compelling projects to fruition?

[dor54] 09/8/2015 10:16

For those interested in mining companies check this Interview with Charles Gibson: Head of Mining at Edison Research

[amargosa] 06/8/2015 14:48

Good point.

[m_n_tomlinson] 06/8/2015 13:48

Hey guys is this investing or charity? Do we give money away to these companies and expect nothing in return?