Amara Share Discussion Threads

[888icb] 29/2/2016 08:06

A very disappointing offer as it in no way reflects the true value of the asset. It's a great deal for Perseus. One can only hope someone is encouraged to make a higher offer.

[boadicea] 29/2/2016 07:46

Perseus is already dual listed (ASX, TSX) but not AIM or LSE. It says they intend to apply for a "standard" London listing after the merger, which I take to mean the main LSE board rather than AIM.

[zangdook] 29/2/2016 07:38

you mean triple.

[darcon] 29/2/2016 06:47

No. Only if Perseus decide to go for a dual listing.

[timberwolf3] 29/2/2016 06:33

Will they still have a London listing if merger goes ahead ?

[darcon] 29/2/2016 05:55

hxxp://www.perseusmining.com/aurora/assets/user_content/01717098.pdf

[darcon] 29/2/2016 02:53

The question now is whether anyone else interested in the asset will be ready to make a competing bid for it...I hope they do.

[darcon] 29/2/2016 02:40

I think the price offered is disappointing (my average is higher). I think 20pence or thereabouts would have been fairer.

[chipperfrd] 29/2/2016 01:28

Interesting development!

Amara and Perseus (listed as PRU on the ASX) are planning to combine. Basically, Amara holders will get a proportion of new PRU shares plus a warrant to purchase additional PRU shares - iaw with their holding in Amara.

The combined group will have the producing Erdikan mine plus the Amara assets. PRU does have a reasonable balance sheet to help to develop Yaoure.

PRU has dropped 9% on the ASX tonight. It will be interesting to see what happens to the Amara price at the London opening.
Chip

[the count of monte_cristo] 28/2/2016 20:54

Just another name and speculator...I could have said that or something similar. Oh yeah....I did a few weeks ago.

[the count of monte_cristo] 27/2/2016 15:31

:)) I reckon they would all sell out if a good bid came in, there loyalty is to there shareholders. The directors own just 0.9% of AMA.

A sitting duck this year in my humble opinion, especially if gold has an OK year.

I can't remember the last takeover of a resource stock on AIM, think we are overdue a bit of corporate action with small cap companies holding large resources.

[the count of monte_cristo] 27/2/2016 11:30

Haven't looked at the top shareholders list for a while but would there be any blockers to a take over if, one did materialise? Seems to me that this is a sitting duck!!

[888icb] 27/2/2016 09:01

Yesterday saw a volume of 3.2 million. Lets hope the interest continues next week and we start to see the rerating towards Cantors 50p target.

[onedayrodders] 26/2/2016 15:47

Cantor Fitzgerald 50p Target...


AMARA MINING PLC with EPIC/TICKER LON:AMA had its stock rating noted as ÔReiteratesÕ with the recommendation being set at ÔBUYÕ today by analysts at Cantor Fitzgerald. AMARA MINING PLC are listed in the Basic Materials sector within AIM. Cantor Fitzgerald have set a target price of 50 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 426.3% from todayÕs opening price of 9.5 GBX. Over the last 30 and 90 trading days the company share price has increased 1.628 points and increased 2.25 points respectively.

[timberwolf3] 26/2/2016 14:43

New presentation ;

[edjge2] 26/2/2016 13:15

10p resistance break probably coming for bowl formation, hope its a cup. Might be stuck today.

[amargosa] 26/2/2016 13:09

Maybe RRS will finally take the plunge - it's compelling after all.

[edjge2] 26/2/2016 13:02

pretty good news timing. Added many a couple days ago on basing pattern. Unusual for me to catch the bus. Hope they keep it up. Have raised afair bit of cash previously.

[amargosa] 26/2/2016 12:51

Now all they need to do is add the same magic to the SL asset BFS and Bob's your uncle. Probably.

[hutch_pod] 26/2/2016 12:47

That's what I call an optimised PFS.

[the count of monte_cristo] 26/2/2016 08:31

...its an excellent rns....resistance at 10p:))

[888icb] 26/2/2016 08:00

Compelling gold development project in the current capital constrained market is the first point highlighted by the RNS. This is a very positive RNS.