Lithic Metals (SEE LSE:AFNR) Share Discussion Threads

[themoneymonster2] 16/10/2009 10:55

from iii


LMY's neighbour in Zambia has just released this news...

"The Directors of African Energy Resources Limited are pleased to announce that the Zambian Minister for Mines and Minerals Development has granted Large Scale Mining Licence 12634‐HQ‐;LML ("ML") to Albidon Exploration Limited for the development of the Chirundu Uranium Project. The ML covers an area of 248 km2 and contains the Njame and Gwabe uranium deposits and the recently discovered Siamboka prospect (Diagram 1), where exploration and resource delineation drilling programmes are currently underway."


Looking at the maps on their websites, it seems that LMY's Mpande and Oryx prospects are adjacent to African Energy's Chirundu project...



This could be good news for LMY, but I don't know if it has any relevance to LMY's merger and/or acquistion plans.

[krakow] 16/10/2009 10:14

I agree. Get in early and twiddle your thumbs for a while.

[themoneymonster2] 16/10/2009 10:06

Scap ticked up again at 9.24am. 3-3, 3-4p

Ayone who thinks that a merger will happen like myself but is planning on getting in on the news is kidding themselves in my opinion. There is hardly any stock not held by private investors, the board and institutions. Around 8 million shares in free float minus shareholders like myself who has around 500k. You will not be able to buy once the deal is announced so is worth taking a position now in my opinion but please do some research in to the board first.

[lizzie ii] 16/10/2009 08:57

"well got quoted 3.15p for 50k..100k was 3.4p ...pulled quote and took 50k at 3.3 something."

50000 @ 3.38p ... as dealt on Plus :-



And since then someone has paid 3.7p for 100000.

[imperial3] 16/10/2009 08:38

Wonder when we shall receive news.Been mulling over things since 4th September.How much time do they need?

[themoneymonster2] 16/10/2009 08:26

Another 21k odd for me. Maybe that 150k trade at 3p has been holding us back.

[crimeprotection1] 16/10/2009 08:20

Looks like your trade did the trick comedy.

[themoneymonster2] 16/10/2009 08:09

An early tick up suggests any continued buying should add shareholder value but I agree the big gains will come on news of the strategic merger.

[comedy] 16/10/2009 08:08

well got quoted 3.15p for 50k..100k was 3.4p ...pulled quote and took 50k at 3.3 something.

[imperial3] 16/10/2009 07:53

Selling now could lead to regrets,before release of the strategic review imo.

[inside building] 16/10/2009 00:26

For what it is worth i have about 120,000

No point in offloading as a strategic tie up with another company is bound to add value to both. Mano River (now African Aura) is a recent example of this and i am sure there are many others.

IB

[imperial3] 15/10/2009 22:56

These shares will not exhibit any sense of direction until news is announced.I agree any downside is limited.Should we get something positive and encouraging,I believe patient holders will be more than amply rewarded.

[lizzie ii] 15/10/2009 22:40

Where are you looking? Just at the trades on LSE, as reported on ADVFN, or also looking at Plus?

Is it there? :-



Was it you selling those 886 shares????

[romeoandjuliet] 15/10/2009 22:06

wonder why my trade isnt showing on the trade list today?

[downturn] 15/10/2009 19:15

I hold circa 100k of shares if that helps

[giantpeach2] 15/10/2009 18:15

I hold 200k, and expect news before end of month!!

[themoneymonster2] 15/10/2009 14:34

Broker note from August:

[romeoandjuliet] 15/10/2009 14:30

3.15p to buy

Thats it. Im in for more!

[crimeprotection1] 15/10/2009 14:14

There simply can't be many in circulation, even though around 25 million shares are held by holders all with less than 3% there has simply been no trades of any significant size to suggest some of these have exited, unless the mm's have somehow taken shares without them showing up. The only other possibility is that a bigger holder is slowly off loading small amounts but isn't notifying the market, a procedure that often occurs and one that I have seen many times. I intend to add to my 100k as soon as I free up some cash.

[themoneymonster2] 15/10/2009 14:09

The shareholders in the recent holdings list own 93.8% of the total shares in LMY meaning that there are only 6.2% in free float which is 7,778,079 shares. I own nearly 600,000 of them. How many has everyone else got? Trying to work out how many shares are in free float as there seems to be hardly any yet share price never really moves. Any good news and this really could go up multiples in one day. Expect a 100-200% increase on the day a merger is announced. That is the potential, with limited downside. I will continue to buy at up to 4p.

[themoneymonster2] 15/10/2009 13:54

Can buy at 3.2p now so took another 98k. Not getting them back : )

Hopefully will get some news soon.

[themoneymonster2] 15/10/2009 10:04

Where is all this stock coming from as I thought there was not much stock in free float. I have bought around 500k in the last month and am hanging on to them.

[themoneymonster2] 15/10/2009 09:56

Can currently buy at 3.24p

[crimeprotection1] 14/10/2009 16:48

Looking like a further buying opportunity, a tick down on the offer for a change!

[themoneymonster2] 12/10/2009 10:35

CNR has been mentioned here before, up 50% on no news.