Angel Mining Share Discussion Threads

[granitetim] 24/1/2013 11:44

That makes it pretty much official!
Wonder if m4us could put some spin on that?

[fumanchuchu] 24/1/2013 11:43

Angel Mining PLC Suspension to trading on AIM
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TIDMANGM

RNS Number : 2988W

Angel Mining PLC

24 January 2013

24 January 2013

ANGEL MINING PLC

("Angel Mining" or the "Company", AIM: ANGM)

Suspension to trading on AIM

The board of Angel Mining plc announces that it requested a suspension of trading in its shares on AIM. Following demands from a creditor for a payment that the Company could not meet and the threat to issue a winding-up petition, the Company has today filed an intention to appoint an administrator. The Company continues to work with its finance providers in seeking a financial restructuring. Should the Company not be able to agree a restructuring with its creditors within the next ten days, the appointment of an administrator will become effective. The Company expects to make further announcements in due course.

[crystalblue] 24/1/2013 09:45

Very sorry to all who still hold.

I was very lucky THIS TIME and I almost bought them back Monday.
The weeks of silence spooked me fortunately.

They are insolvent by the looks but the mine will go forward, as may BAM. As to current holders the situation in complex but it you assume the worst it can only be better. Shareholders are usually at the bottom of the feeding chain if it's bust.

Live and learn...some lessons are expensive but worth it...LGB & CMR amongst others for me.

[twirl] 24/1/2013 09:43

Sorry for all you holders

Cube boss encouraged some to invest in the last month by olympic ramping. He had a go at me and others for trying to put the facts. His behaviour was disgraceful.

[cockney sparrow] 24/1/2013 09:19

Looks like the village idiot's cap could belong to Giblets 34..........


gb234
2 Aug'12 - 08:00 - 4826 of 7947 0 0

There's a lot in what you say 99Jeremiah but it is very unlikely that ANGM will go bust.Cyrus effectively controls ANGM and as an investment company they have access to all the funds that ANGM will ever need.They offered ANGM the funding for BAM @ 15% loan rate but ANGM are looking for a better deal/method of funding.Cyrus have a member on the BoD and know ANGMs true worth.BAM is probably worth $2000m once into production and ANGM have Nalunaq aswell.ANGM also have first mover advantage in Greenland and could become a massive enterprise in time.Cyrus are well aware of this and with 577m shares in ANGM they have a lot to gain.The fact that they just leant ANGM another $1.75m rather than pushing ANGM into a placing speaks volumes and allows the share price to rise without an overhang around its neck.

granitetim
2 Aug'12 - 08:04 - 4827 of 7947 0 0

This alway's makes me chuckle when posters quote
"Plenty of positive news due. GLA"

It is very seldom the case especially with ANGM

gb234
2 Aug'12 - 08:23 - 4828 of 7947 0 0

It looks like the actual dealing spread is only 0.03p,1.1p bid and 1.13p offer.The buying at 1.13p has already started.Another morning rise followed by afternoon fall and a resulting overall small rise I guess.

Smudger88
2 Aug'12 - 08:27 - 4829 of 7947 0 0

Your guesses are invariably inaccurate and angm continues to lose money hand over fist.

Asset rich and cash poor companies are common on AIM, and usually end in disaster for shareholders.

Why would this be any different ?

vivgav
2 Aug'12 - 08:28 - 4830 of 7947 0 0

and up she goes

vivgav
2 Aug'12 - 08:29 - 4831 of 7947 0 0

ANGM

Having ANOTHER go! Tick up - news due

gb234
2 Aug'12 - 08:33 - 4832 of 7947 0 0

MMs are going to be put on the run here and then we should see some real large rises.(Although I am quite happy with these small daily rises).

granitetim
2 Aug'12 - 08:35 - 4833 of 7947 0 0

gb you say this "MMs are going to be put on the run here" every day 3 or four times a day.
It never happens it makes you look desperate ;)

gb234
2 Aug'12 - 08:44 - 4834 of 7947 0 0

...and up again,MMs could be put on the run

gb234
2 Aug'12 - 08:49 - 4835 of 7947 0 0

I bet that there are a lot of ex-holders kicking themselves for not buying back in at 0.95p.It is not too late though as ANGM can rally far.Last time they rallied from 0.8p to 3p.Don't miss this rally.

granitetim
2 Aug'12 - 08:55 - 4836 of 7947 0 0

I bet there are a lot of holders that bought above 5p and watched it sink to these levels and desperately sat ramping the dead duck in the vein chance of getting out with a few quid to drop on the next debt ridden poor producing stock.
Are they buying (The rampers) Noooooooo they want Joe muggins to buy so they can sell.
LoL

Smudger88
2 Aug'12 - 08:57 - 4837 of 7947 0 0

Exacty Tim.

Nice to see someone on this thread with a large dose of common sense.

gb234
2 Aug'12 - 08:58 - 4838 of 7947 0 0

Marab (re your post on wows thread),it is not the next gold pour that is driving the share price but expectations of a licence to remove some Target Block pillars.I don't expect a gold pour now to be exceptional but I expect the September onwards gold pours to be really good.

[ihollins] 24/1/2013 09:00

got a friend whose jobs on the line as a result - shame really but I did say when they accepted the job -

gb234 24 Jan'13 - 08:05 - 7940 of 7945 - sleveen,you may be correct for most companies but not ANGM.ANGM have an asset,BAM,which has worth and this will be used to do a deal with CYRUS.ANGM also know how to use spin to create cash for themselves from PIs.I expect that ANGM will have a consolidation of between 25:1 and 50:1 and then do placings of the Socius/Seda tap variety.Cyrus will get 75% of BAM for a $10m-$15m reduction of debt but Cyrus won't want ANGM to go to the wall and their backing will mean ANGM will return from suspension IMO.

you serious? a seda + consolidation = possibility???? - you dont consolidate with a seda open as that gives more to fall than there is - what next a leaseback arrangement? - learn the market before investing

[pwhite73] 24/1/2013 08:53

JAF1948

Personally speaking I would not hold out much hope for the return of this particular stock. The reason being the main creditor holds I believe 70% of the voting rights, if my memory serves me correct.

The role of PI's (funding on jam tomorrow promises) is finished and with a debt to Cyrus of $35 million the company is technically insolvent.

I'll give NH credit in one area. This company has had a bloody good innings considering it had FA from day one.

But we shall all have to wait and see.

[jaf1948] 24/1/2013 08:30

Pwhite, True but I was comparing it to going into administration, which is always the end for PIs. I believe it will come back into the market but it will not be good news.

HOWEVER....and there are a lot of 'ifs' coming up... if it does come back with financial restructuring which will bring BAM on line and clears most of its debts, even with consolidations and dilution, there may be no point in selling our almost worthless shares at that point but keep them in the unlikely hope that it may still work out.

[pwhite73] 24/1/2013 08:24

gb234

To be honest I don't really rate you here. You were the biggest ramper of the stock for so long. When things did not go to plan you became the biggest deramper. The fact of the matter is the company was going down hill whilst you were ramping, the pace of decline accelerated whilst you were deramping.

Unlike myself and one or two others we were warning of this outcome when the likes of you were predicting a multi-bagger.

Will the stock ever return? who knows


JAF1948

All suspensions are temporary until an announcement is made of a return or cancellation.

[wilba] 24/1/2013 08:23

As i repeatedly stated, very much like Sunkar. Alledgedly use PI's money, crash the company and their associates get it for nowt.

[wilba] 24/1/2013 08:21

Cube boss 24 Jan'13 - 07:52 - 7928 of 7941 0 0

GB and Wilba where right, my apologies to you both.


Apology accepted. Respect to you for saying it.

I am sorry that you were deceived by the company and for what its worth. The biggest hits i have taken have all been on the back of direct contact with BOD's. Hence my knowledge of the Nick Hall types.

I sincerly hope they retrade and that you can at least break even if you are down on this.

Regards and sympathy to those with losses..

Wilba

[reallyrich] 24/1/2013 08:19

Yep, there you go Sleeven, we were right. Have to say that this is no surprise and to be honest no one should of been caught out on this one.

Sorry to all if you have been caught

[audigger] 24/1/2013 08:08

Well the writing was on the wall so no surprises here. Dilutiuon is the solution to ANGM's polution!

[gb234] 24/1/2013 08:05

sleveen,you may be correct for most companies but not ANGM.ANGM have an asset,BAM,which has worth and this will be used to do a deal with CYRUS.ANGM also know how to use spin to create cash for themselves from PIs.I expect that ANGM will have a consolidation of between 25:1 and 50:1 and then do placings of the Socius/Seda tap variety.Cyrus will get 75% of BAM for a $10m-$15m reduction of debt but Cyrus won't want ANGM to go to the wall and their backing will mean ANGM will return from suspension IMO.

[scotty1] 24/1/2013 08:05

Jaf theres always hope,look at GOO today it still lives but for how long traded at nearly 3p before suspension dilution at a 0.75p placing,and guess who's taken most of the shares up,yep management,well they have to take good care of themselves dont they.

[cube boss] 24/1/2013 08:04

The company told me that nuna minerals results would be put out and that they had e-mailed them before Christmas.

[fludde] 24/1/2013 08:02

Well I took a 75% loss back in October. May have been the right decision after all. Await the outcome with interest though.

[getting started] 24/1/2013 08:01

Where is moreforus?

[alidaf] 24/1/2013 08:01

I got out of ANGM, after being hit with a big loss, but gutted for those who held the faith now. Suspension really doesn't sound good :(

[jaf1948] 24/1/2013 08:00

sleveen, I know that but as long as it is only temporary, there is still hope.

[sleveen] 24/1/2013 07:58

JAF, most companies that are suspended don't come back unfortunately.

[gb234] 24/1/2013 07:57

JAF like I have just posted THIS IS NOT THE END of ANGM.There will be a new ANGM and one day it may even become profitable but not before massive DILUTION probably via CONSOLIDATION and PLACINGS.

[equitydealer007] 24/1/2013 07:56

oh dear! shafted and possibly lied to investor for the last 2 years and now it looks like curtains!!! probs just so a pre-aranged 3rd party can pick the lot up for nothing! thus getting rid of PI's all imo....but we shall see!

[scotty1] 24/1/2013 07:55

CB i think you should apologize to all the people that may have bought in on all the mis-information you had from your so called associate.