Angel Mining Share Discussion Threads

[layer cake] 30/1/2013 20:15

It had better be suspended
up to a time when they bring
on board a real miner that
understands machinery and
does not rely on a forgetful
butler to tell him he is running
out of fuel.
What will it take to get rid of this
clown or is it really all to late.

[clarkey58] 30/1/2013 19:38

Well this suspension could be a good thing.
The share price hasn't dropped for days now - the longest run without a drop in ages !!!!!!

[badhshah] 30/1/2013 09:30

If and only if this company came out of this mess successfully, share price will rocket at the lifting of suspension as it will be trading again on sound footing after sorting out all financial issues.

[ernest hemmingway] 30/1/2013 08:41

Worms are useful and do a lot of good.

gb, on the other hand, has no use whatsoever, and is a danger to anyone that listens to his garbage.

I'd liken him to dog manure, which serves no useful purpose whatsoever.

[pwhite73] 30/1/2013 08:09

You really are a complete worm. ANGM had already advised of the need to restructure to service the debt and it advised that Cyrus was a supporter of this. So you coming on here spouting about recapitalisation and consolidation is old news, see RNS 3816S 30 November 2012:-

"Discussions are ongoing with Cyrus Capital Partners with regard to the refinancing of Angel Mining plc, which will include the renegotiation of the short term debt repayment terms. It had been hoped that a financial restructure plan could have been agreed by the end of November but this is now expected to be finalised in the New Year. Cyrus is our largest stakeholder and a long-term investor in the business. We anticipate that they will play a significant role in the future development of the Company."


The turn of events announced on 24th January 2013 is unconnected to any of the above. A creditor has threatened to wind up the company. ANGM has filed an intention to go into administration to protect itself from that and other creditors.

You state "ANGM holders will be given a choice IMO of voting for this survival programme or administration."

If my memory serves me correct Cyrus hold 70% if not more of the total voting rights. What the hell can ANGM threaten Cyrus with but administration.

[gb234] 29/1/2013 09:27

Yep, as I have said numerous times,the order of events will be 1.SUSPENSION...already happened 2. EGM to vote on transfering 75% of Arctic Mining to Cyrus in return for a reduction of debt and recapitalization 3. The recapitalization will be via CONSOLIDATION and then staged placings via Socius/Seda taps/AN Other.The new increased share price (depending on the amount of consolidation) will then fall back as more share overhangs constantly hit the market.ANGM holders will be given a choice IMO of voting for this survival programme or administration.I have said this several times and see no reason to change my opinion.This is not the end of the ANGM saga but present shareholders will be diluted out of a lot of value.ANGM had some tremendous assets which they promised would deliver but they never did,YET.

[pwhite73] 29/1/2013 09:06

JAF1948 27 Jan'13 - 10:14 - 8017 of 8028 0 0

".. No one has said it isn't serious - we just doubted that it would be that 'NH has had enough of Cyrus'."


I suspect it is Cyrus and the other creditors NH has had enough of. Where has all the money from the gold pours gone? To pay off unserviceable debts leaving the company with no money to properly run its operations and still having to issue worthless penny shares.

All will be revealed soon.

[ernest hemmingway] 29/1/2013 08:02

I think I speak on behalf of Nazare when I say we'd both like to toss you off
































The Clifton suspension bridge at low tide.

[gb234] 29/1/2013 07:55

You two should get a room and toss each other off,w*nkers :)

[ernest hemmingway] 28/1/2013 23:16

he is a complete slimeball, Nazare.

I hope you recover your losses soon, or else have the luck to run gb over in your car.

Dont forget to wash the car afterwards though, to protect it from slime damage.

[cockney sparrow] 28/1/2013 20:12

canaries is hovering.

[cockney sparrow] 28/1/2013 11:32

Nazare, well said. I did write an email to ADVFN recently stating that boards that offer headers such as this one: ANGM 5p-35p by 2012,FREE SPEECH THREAD. Could be construed as financial advice and that members should consider this when creating threads with price targets.

[cockney sparrow] 28/1/2013 10:24

ANGM 5p-35p by 2012,FREE SPEECH THREAD (ANGM)

JAF1948
24 Jan'13 - 13:01 - 7974 of 8018 0 0

gb, as ever you are missing the point. You just as fervently told people to buy. If you back both horses in a two-horse race, you're bound to get it right.


JAF1948
24 Jan'13 - 14:35 - 7979 of 8018 0 0

gb, You're not going to win this one. How about the hundreds of times you told me and others to buy ? You kept giving credible reasons to buy - you kept giving credible reasons to sell. Just because it turned out that your final position was correct does not absolve you for your earlier activities.

For the final time, if I tell you tomorrow to buy x company, and then tell you the following day to sell x company, I will always be able to say 'I told you so'. That is precisely what you are doing.


crystalblue
24 Jan'13 - 15:42 - 7983 of 8018 0 0

gb...you're STILL getting to wrong, even now it's GAME OVER.

Cyrus will buy this for ONE POUND STERLING lock stock and barrel a few hours after it enters administration.

The lot. Even the broken spade someone threw down the hill.

Shareholders of the former 'Angel Mining' will get NOTHING. it's BUST.

[mrdanny] 27/1/2013 13:13

And thinking back to the introduction of that impairment charge back in November. I wonder what promoted that, maybe the negotiations with Cyrus? Could it strengthen the company's hand or weaken it during negotiation?

[mrdanny] 27/1/2013 13:02

1. YAGM accept shares for a reduction of the loan, just days/weeks before this.
2. Very few shares are sold before this announcement.
3. Nick and company stated it was hoping for a good 2013.
4. Cyrus risk losing the license for BAM if company enter administration.
5. And Cyrus have backed Angel to get this far in the past, when this scenario could have occurred at any time previously. It happens just 3 weeks before the 15th feb deadline.

Upon consideration of the above, then surely this isn't the end of Angel Mining. I hope not.

I am hopeful that this will spur on discussions to agree a financial restructuring that will allow the company to realise its potential in the years ahead.

[pwhite73] 27/1/2013 09:27

Look you amateurs read the statement:-

"Following demands from a creditor for a payment that the Company could not meet and the threat to issue a winding-up petition.."

This is not just a case of them not meeting their financial obligations. A legal firm on behalf of a creditor has threatened them with a winding up order. This is serious and I mean mega serious. A statement of that nature would only be put out as a very last result. If they could have remained quiet until matters were sorted out they would have.

NH has filed an intention with the High Court in central London to file for administration. Look at the link below to gage just how serious the matter is.



A "notice of intention of appointing administrators" is where the company files, at court, a document that outlines that they intend to go into administration if a solution cannot be found to their immediate financial problems. Once this is notice has been sent to the court a moratorium is created over the company preventing any creditor from starting any legal action or continuing any existing legal action against the company without express permission from the court.

[jaf1948] 26/1/2013 11:31

And additionally, without Cyrus rolling the debt and giving us loans, the company would have folded a long time ago so they are anything but bloodsuckers.

[b3thany] 26/1/2013 09:02

NH cannot has had enough of Cyrus, why? NH was hand-picked and parachuted in after that initial gold pour debacle and retained and not SACKED after all the series of amateurish operational faux pas......NH is Cyrus!