4unme
15 Apr 2015
Re: AMI Stream Log S7, were you with LOND shareholder action group. Have you got payment from them yet?
Superman7
14 Apr 2015
Cant wait for legal team to start!
sheltie
14 Apr 2015
AMI has definitely been taken off lse BB now.
rickyroman
13 Apr 2015
...still working ...just checking to see if we are still active on ii
4unme
13 Apr 2015
We are dead!!! Yes, splatted, we are no longer on LSE bb.
splatted
13 Apr 2015
well looks like we are off lse
4unme
11 Apr 2015
poosmells If Deloitte can sell the assets more than debt, whatever money left will be distributed to shareholders regardless of whether you join action group or not. If however, if SISG is the only interested party and buys the assets cheaply even bondholder may not get their investment back. Shareholder action group will be suing directors, accountants and brokers for negligence, misleading information etc. It will be a long legal battle. Unless they want to settle it out of court. hope this helps
4unme
09 Apr 2015
Restart Tonkolili According to the news in SL, SISG plans to start the mine by mid April. The administrators are on holiday, until 13th April. Questions- would Neville Khan and the team are ready for auctioning of AML's assets? When is the auction?
ckcl78
09 Apr 2015
Lordsnooty, you are right. Just because the company is in administration, it doesn't mean it has to be liquidated. Setting a new BOD and keeping the company running could be another alternative
ckcl78
07 Apr 2015
4unme, that's pretty sweet. That should add weight into our case.
4unme
07 Apr 2015
Institutional Investors We have two II on board with us to take legal action. I'm not allowed to say who they are.
ckcl78
07 Apr 2015
Also the stated value for London Mining's property, plant & equipment was usd 497 Mn and total obligations was usd 338.8 so it's no surprise that even creditors had to take a haircut during liquidation. In the case of AML total obligations (including payables) amount to usd 1 Bn and PP&E is valued at usd 2.4 Bn. So even at a fire sale I still think there should be something left for us
ckcl78
07 Apr 2015
Has anyone tried to reach any of these investors to find out if they are taking any actions? I'm also wondering how China Railway Feels about getting their stake wiped out in the worst case scenario. Wouldn't surprise me if they became a potential bidder
ckcl78
07 Apr 2015
M&G Investment management 12.05% (England), Capital Research Global Investment 6.93% (US), Northcroft Trading 6.54% (Switzerland), bangura 2.35% (UK), ING Investment 1.61% (Netherlands), Franklin Templeton 1.61% (Canada)
ckcl78
07 Apr 2015
FT 12.74%, China Railway 12.44%,
