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Share Name Share Symbol Market Type Share ISIN Share Description
London Mining LSE:LOND London Ordinary Share GB00B1VZK334 ORD 0.2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 4.70 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 180.8 -11.6 -10.9 - 7

London Mining Share Discussion Threads

Showing 4226 to 4247 of 4275 messages
Chat Pages: 171  170  169  168  167  166  165  164  163  162  161  160  Older
DateSubjectAuthorDiscuss
24/10/2014
17:46
Ok thanks Gordon Gekko.
wildsheroo
24/10/2014
17:45
Well AMI will do well out of this.
kirk 6
24/10/2014
17:23
for the long term good of all stakeholders."
pomp circumstance
24/10/2014
17:10
why would they mention shareholders ? shareholders were told there was no value and thus they become irrelevant maybe you need to grow up and understand capitalism and what being an equity investor means ? Wildsheroo 24 Oct'14 - 16:36 - 4070 of 4072 1 0 Not a single mention of shareholders.
the stigologist
24/10/2014
16:37
MKUG PUNTERS.
hvs
24/10/2014
16:37
Some more back slapping and high fiving!! Where's ma fkn money! Lol
bean02
24/10/2014
16:36
Not a single mention of shareholders.
wildsheroo
24/10/2014
14:41
A lot of us are hoping for a positive outcome to this so any news or rumours are appreciated even if it only serves to keep morale up.
dballantyne
22/10/2014
20:35
here you go, the rest of the puzzelhttp://www.proactiveinvestors.com.au/companies/news/58384/cape-lambert-resources-to-provide-us20m-funding-to-timis-mining-58384.htmlCape Lambert Resources to provide US$20M funding to Timis MiningWednesday, October 22, 2014 by Proactive Investors Tony Sage's Cape Lambert Resources is providing US$20M funding to Timis MiningCape Lambert Resources (ASX:CFE) has entered into a binding terms sheet to provide Timis Mining with US$20 million in financing to assist with acquiring the Marampa Iron Ore Mine in Sierra Leone.This consists of a US$8 million 12 month bridging loan and a US$12 million royalty purchase.The company will receive a US$2 per tonne royalty for four years from iron concentrate exported from Timis Mining's Marampa mine.This could be worth up to US$56 million with the first royalty cheque expected within the next three months.Timis Mining will also have the exclusive right to mine and acquire 100 million tonnes of oxide material from the company's Sierra Leone projects at a price of US$3/t to US$5/t.This could potentially earn between US$300 million and US$500 million."This funding agreement represents a very good deal for the company and for its shareholders," executive chairman Tony Sage said."The Timis Mining owned Marampa Mine is expected to produce between 5 to 7 million tonnes of iron concentrate per annum which means a potential income stream to Cape Lambert of between US$10 - $14 million per annum or up to US$56 million in total over the term of the royalty."With the proposed income stream from the royalty agreement and sale of oxide material, Cape Lambert is contemplating continuing its long standing dividend policy, where appropriate, of returning any surplus cash to shareholders."Timis Mining AgreementThe agreement is divided into the US$8 million Bridging Facility and US$12 million for the purchase of a royalty.The Bridging Facility is repayable in 12 months and incurs interest of 3 month US LIBOR (London interbank offered rate) + 6%.This principal and interest will be repaid to Cape Lambert in one payment at the expiry of the 12 month loan period and can be extended by the parties on mutually agreed terms.Under the royalty, the company will receive US$2 per tonne of iron concentrate exported from the Marampa Mine.The Royalty is payable on a quarterly basis over a four year period and will commence from the first shipment of concentrate from Marampa following the completion of its acquisition by Timis Mining from the administrator of London Mining.Oxide Ore SaleCape Lambert has also negotiated the sale of oxide material from its Sierra Leone Projects to Timis Mining, which is located adjacent to the Marampa Mine. Under the terms of the Agreement, Timis Mining will have exclusive rights to purchase 100 million tonnes of oxide material, or such greater amount as defined by further drilling from Cape Lambert's other Sierra Leone Projects.The price at which the oxide material will be purchased from Cape Lambert is expected to be in the range of US$3 to US$5 per metric tonne, potentially earning between US$300 million and US$500 million over the life of the mine.    A drilling campaign to increase the upside of Cape Lambert's oxide resources is planned to begin 12 months after Timis Mining commences mining at Cape Lambert's Sierra Leone Projects. This drilling campaign, together with any costs associated with mining operations, will be borne by Timis Mining and not Cape Lambert.Rights to MatchTimis Mining may sell its interest in Marampa and Cape Lambert can sell its oxide material at any time during the period of this agreement. In the event that Timis Mining sells the mine, then it will use its reasonable endeavours to incorporate the sale of Cape Lambert's Sierra Leone Projects at the same time.Should the mine be sold without a sale of Cape Lambert's Sierra Leone Projects, then the Royalty and Bridging Finance obligations continue with any new third party owner and the new third party owner will be obligated to purchase the oxide material on the same basis as agreed between the parties.If Cape Lambert sells its Sierra Leone Projects without a sale of Timis Mining's Mine, then the Royalty and Bridging Finance obligations continue with any new third party owner of Cape Lambert's Sierra Leone Projects and the new third party owner will be obligated to sell the oxide material to Timis Mining on the same basis as agreed between the parties.AnalysisThe agreements with Timis Mining includes the US$12 million purchase of a royalty that could provide Cape Lambert potential payments of up to US$56 million over four years.There is potential for the first royalty payments to be made within the next three months.In addition, Timis Mining will also have the exclusive right to purchase 100 million tonnes of oxide material from Cape Lambert's Sierra Leone Projects at a price of between US$3 and US$5 per tonne, which could potentially earn between US$300 million and US$500 million.This agreement represents an opportunity for the company to make use of its $69 million in cash, receivables and listed securities – including $38 million in unrestricted cash.Cape Lambert is also contemplating continuing its long standing dividend policy, where appropriate, of returning any surplus cash to shareholdersThe royalty agreement has the potential to provide the company with additional free cash flow which could be returned to shareholders.It is rewarding shareholders with a $25 million payout though a $0.04 per share dividend in two equal fully franked payments.
paul the octopus
22/10/2014
18:28
You've forgotten to add IOF to that list
major dome
22/10/2014
17:29
Still hoping that LOND recovers are we! It's dead! No amount of wishful thinking will change it
newzealander34
22/10/2014
09:31
The definitive list of AIM companies about to go bust: Tangiers (skint) Tower (skint) Sefton (crooks and skint) KEA (skint) NEW (shower of crooks and skint) Range (skint) London Mining (went bust on 16th Oct) Ultrasis (set to delist very soon) VOG added to list 17/10/2014
travls
22/10/2014
09:30
So does it become de-listed over here and all share holders are defunct?
analcime
22/10/2014
06:14
The deal is structured to facilitate a takeover. Timis probably intends to flip it into African Minerals when the dust has settled and AMI have the next batch of Chinese Investment.
miamisteve
22/10/2014
06:12
Cape Lambert Resources (ASX:CFE) has entered into a binding terms sheet to provide Timis Mining with US$20 million in financing to assist with acquiring the Marampa Iron Ore Mine in Sierra Leone. This consists of a US$8 million 12 month bridging loan and a US$12 million royalty purchase. The company will receive a US$2 per tonne royalty for four years from iron concentrate exported from Timis Mining’s Marampa mine. This could be worth up to US$56 million with the first royalty cheque expected within the next three months. Timis Mining will also have the exclusive right to mine and acquire 100 million tonnes of oxide material from the company's Sierra Leone projects at a price of US$3/t to US$5/t. This could potentially earn between US$300 million and US$500 million. “This funding agreement represents a very good deal for the company and for its shareholders,” executive chairman Tony Sage said. “The Timis Mining owned Marampa Mine is expected to produce between 5 to 7 million tonnes of iron concentrate per annum which means a potential income stream to Cape Lambert of between US$10 - $14 million per annum or up to US$56 million in total over the term of the royalty. “With the proposed income stream from the royalty agreement and sale of oxide material, Cape Lambert is contemplating continuing its long standing dividend policy, where appropriate, of returning any surplus cash to shareholders.” Timis Mining Agreement The agreement is divided into the US$8 million Bridging Facility and US$12 million for the purchase of a royalty. The Bridging Facility is repayable in 12 months and incurs interest of 3 month US LIBOR (London interbank offered rate) + 6%. This principal and interest will be repaid to Cape Lambert in one payment at the expiry of the 12 month loan period and can be extended by the parties on mutually agreed terms. Under the royalty, the company will receive US$2 per tonne of iron concentrate exported from the Marampa Mine. The Royalty is payable on a quarterly basis over a four year period and will commence from the first shipment of concentrate from Marampa following the completion of its acquisition by Timis Mining from the administrator of London Mining. Oxide Ore Sale Cape Lambert has also negotiated the sale of oxide material from its Sierra Leone Projects to Timis Mining, which is located adjacent to the Marampa Mine. Under the terms of the Agreement, Timis Mining will have exclusive rights to purchase 100 million tonnes of oxide material, or such greater amount as defined by further drilling from Cape Lambert’s other Sierra Leone Projects. The price at which the oxide material will be purchased from Cape Lambert is expected to be in the range of US$3 to US$5 per metric tonne, potentially earning between US$300 million and US$500 million over the life of the mine. A drilling campaign to increase the upside of Cape Lambert’s oxide resources is planned to begin 12 months after Timis Mining commences mining at Cape Lambert’s Sierra Leone Projects. This drilling campaign, together with any costs associated with mining operations, will be borne by Timis Mining and not Cape Lambert. Rights to Match Timis Mining may sell its interest in Marampa and Cape Lambert can sell its oxide material at any time during the period of this agreement. In the event that Timis Mining sells the mine, then it will use its reasonable endeavours to incorporate the sale of Cape Lambert’s Sierra Leone Projects at the same time. Should the mine be sold without a sale of Cape Lambert’s Sierra Leone Projects, then the Royalty and Bridging Finance obligations continue with any new third party owner and the new third party owner will be obligated to purchase the oxide material on the same basis as agreed between the parties. Should Cape Lambert sell its Sierra Leone Projects without a sale of Timis Mining’s Mine, then the Royalty and Bridging Finance obligations continue with any new third party owner of Cape Lambert’s Sierra Leone Projects and the new third party owner will be obligated to sell the oxide material to Timis Mining on the same basis as agreed between the parties. Analysis The agreements with Timis Mining includes the US$12 million purchase of a royalty that could provide Cape Lambert potential payments of up to US$56 million over four years. There is potential for the first royalty payments to be made within the next three months. In addition, Timis Mining will also have the exclusive right to purchase 100 million tonnes of oxide material from Cape Lambert’s Sierra Leone Projects at a price of between US$3 and US$5 per tonne, which could potentially earn between US$300 million and US$500 million. This agreement represents an opportunity for Cape Lambert to make use of its $69 million in cash, receivables and listed securities – including $38 million in unrestricted cash.
miamisteve
22/10/2014
06:02
Can't see any mention of AMI!!!!!!!! Cape Lambert finalises US$20M Funding Agreement to Timis Mining Corporation Key Points:  Cape Lambert negotiates US$20 million financing agreement with Timis Mining to fund its acquisition of London Mining Marampa mine assets  Funding agreement with Timis Mining includes: o US$8 million 12 month bridging loan; and o US$12 million royalty purchase and is conditional upon Timis Mining securing the London Mining assets from the administrator  Cape Lambert will receive US$2/t royalty for 4 years from iron concentrate exported from Timis Mining Marampa mine  Royalty to provide income stream to Cape Lambert of potentially up to US$56 million over 4 years with the first royalty cheque expected within the next 3 months  Timis Mining will have exclusive rights to mine and acquire 100Mt of oxide material from Cape Lambert’s Sierra Leone Projects at a price of US$3 to US$5/t, potentially earning between US$300 million and US$500 millio
sweepie2
21/10/2014
22:55
AMI Announcement to come sometime between now and Thursday 23rd October, start releasing the mooring ropes. The securities of Cape Lambert Resources Limited (the “Company”;) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Thursday, 23 October 2014 or when the announcement is released to the market
sweepie2
21/10/2014
22:35
Only the BBC and WHO stating it http://www.bbc.co.uk/news/health-29707393
sweepie2
21/10/2014
22:27
Sweepie - ebola vaccine in next 3 months? Thats too optimistic. The best scientific estimate is next 12 months.
jungmana
21/10/2014
22:00
AMI heading towards a huge day tomorrow Looks like funding has been secured IF this article is correct, price could zoom tomorrow and with Ebola vaccine on the way in the next three months who would argue with £2 sometime in the next few months. These are the Australian investors, they have also suspended share dealing pending an announcement if it is the LOND assets then an announcement must be close, expecting a big day tomorrow Taken from the Australian link - mentions London mining... Cape Lambert close to iron deal TONY Sage’s Cape Lambert Resources is believed to be closing in on a deal that will see it pick up an iron royalty in West Africa. Cape Lambert, the main listed venture of entrepreneur and Perth Glory owner Mr Sage, went into a trading halt yesterday pending an announcement regarding a “new investment opportunity”. It is understood Cape Lambert will announce it will contribute around $US20 million ($22.7m) into a financing package that will be funnelled into a distressed bulk commodities asset in Africa. In return, it will pick up a royalty on future production that could start generating money for Cape Lambert before the year is out. The obvious candidate for the package would be London Mining, which collapsed into administration this week just days after it announced that its efforts to secure a rescue package were unlikely to leave any value for existing investors. London owns the Marampa iron ore mine in Sierra Leone, which has sufficient reserves to support a 40-year mine life but which has been hit hard by both falling iron ore prices and the fallout from the Ebola virus
sweepie2
21/10/2014
20:43
Frank Timis ready to rescue London Mining - Today, 8:42 PM African Minerals chairman close to securing deal to buy Sierra Leone mine from collapsed Ebola-hit London Mining http://bit.ly/1hAMc5m
joan1234
21/10/2014
20:36
AMIAfrican Minerals chairman close to securing deal to buy Sierra Leone mine from collapsed Ebola-hit London MiningFrank Timis, the chairman of African Minerals, is close to securing a deal to buy London Mining's operations in Sierra Leone out of administration.Last week London Mining toppled into administration after failing to find a buyer for the business as it struggled with debts following a slump in iron ore prices.Sierra Leone's finance minister Kaifala Marah flew to London last weekend to join talks about the potential sale of the Marampa mine, which employs 1,400 people in the West African country and has iron ore reserves expected to support production for the next 40 years.Timis Corporation is said to have secured financial backing in Australia to acquire the operational Marampa mine.Mr Timis's African Minerals owns a neighbouring iron ore mine, the Tonkolili project, in Sierra Leone and is expected to enter into a joint venture with Marampa.Earlier this month the business also hired bankers at Standard Chartered and Jefferies to evaluate a possible debt restructuring for African Minerals.http://www.telegraph.co.uk/finance/newsbysector/industry/mining/11177815/London-Mining-warns-investors-will-be-wiped-out.html
paul the octopus
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