African Minerals Live Discussion

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MG 03 Sep 2015

my loss is high, so have to check every possibility to get something back

sbp1988 02 Sep 2015

Personally gonna use my losses in AMI to offset the tax I need to pay on my gains, elsewhere!

MG 02 Sep 2015

Hi, new here. Any idea if there is a group who put a claim against AMI?

Ripley94 31 May 2015

FRANK TIMIS ON WIKIPEDIA Shocking reading states he was convicted of supplying heroin in Australia.His career is shocking .. If AIM Stocks are run by people with this background they are even more risky then i thought.He is running a few more on AIM .

LordSnooty 23 Apr 2015

Iron ore prices enjoyed their biggest one-day jump since October 2012, rising 5.9% to more than $54/metric ton - still near 10-year lows - after BHP Billiton (NYSE:BHP) announced it is slowing the pace of its expansion program. Analysts say the decision will lower BHP's capex profile over the next few years to preserve free cash flow to support the dividend and balance sheet, and could deflect some of the negative public commentary about surplus supply.

LordSnooty 23 Apr 2015

Not that it matters any more, but:

LordSnooty 23 Apr 2015

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4unme 22 Apr 2015

MY21 he meant 26 March

4unme 22 Apr 2015

MY21's view on this deal Whilst we can not prove this legally; this sale appears to have been orchestrated by a subsidiary of Shandong to Shandong itself with the tacit support of Government of SL and using an imposed timetable by SL Government as a so called legitimate reason why it was sold within 4/5 weeks from enforcement of the security under the default provisions of the original project finance loan to ensure other interested parties expression of interests was not entertained. It is extremely sad and disturbing to see this state of affairs. Whether or not the Receivers were able to stop this transaction once they were appointed on 2nd April will never be proven either way. I am just sorry for all innocent shareholders of AMI who have lost huge sums of their hard earned savings in this appalling manner.

4unme 22 Apr 2015

PWC sold AML's assets cheaply [link] HONG KONG and LONDON, April 22, 2015 /PRNewswire/ -- Shandong Iron and Steel announces that it has acquired the 75 per cent stake in the Tonkolili Iron Ore mine in Sierra Leone it does not already own. Following the acquisition of the stake previously owned by African Minerals (AML), Shandong now owns 100 per cent of the equity of Tonkolili as well as the associated infrastructure company African Port and Railway Services. Shandong now intends to take appropriate steps to return the mine to full production and to protect the assets against the imminent wet season. The mine has been on care and maintenance since November 2014. The acquisition follows a worldwide sale process run by the security agent, Madison Pacific Trust, assisted by PricewaterhouseCoopers. The sale was prompted by AML's inability to meet the Project's further financing needs and was undertaken in a time frame which reflected the Government of Sierra Leone's anxiety to see a satisfactory resolution of the Project's difficulties by mid-April. Whilst a number of parties expressed interest in the sale process, Shandong was the only party willing and able to take over the AML stake and to provide the support and assistance necessary to return the Tonkolili Iron Ore mine to production. Shandong has invested more than $1.67 billion in Tonkolili over the past five years, including over $170 million in connection with the recent acquisition of the AML stake, and will provide further funding as required including $600m to progress Phase 2 of the Tonkolili Project, which will see production lifted to 25mtpa. Shandong will now work with the Government of Sierra Leone, the Project's employees and all other stakeholders in Sierra Leone to ensure this high-quality long life asset, which is of key economic benefit to the people of Sierra Leone and provides employment to many, returns to production in a timely manner.

4unme 17 Apr 2015

hungry Visit private bb. All the information is there

hungry 17 Apr 2015

what's the latest news

4unme 17 Apr 2015

Re: AMI Stream Log it is late to join action group.

4unme 17 Apr 2015

SISG plays dirty trick [link]

luvlydamsel 17 Apr 2015

Hello, is it too late to join the action group?

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