Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Gone aswell
your ramping didn't help
seller gone.
Expecting a bounce today, news must be close, Expect an announcement shortly. Potential to multibag from these levels. Shoreline are big players. Not much downside from these levels, GLA
Discovered by African Eagle in 2008, the Dutwa Nickel Laterite Project is located in Northern Tanzania. The Bankable Feasibility Study being undertaken on the project has recently been suspended. However, the Strategic Partner search is still underway to seek assistance in funding the completion of the Study. Over the past year, significant work has been completed towards the Feasibility Study, including: •Significant technical work •Logistics studies completed •Extensive metallurgical testwork including: ◾Flow Sheet Design, basic engineering nearing completion ◾Benefication ◾Results confirm the process via atmospheric tank leach (lower risk, less technically and commercially complex than heap leach or HPAL) Key Project Parameters The Dutwa Nickel Laterite Project comprises of two hill top deposits, Wamangola and Ngasamo, which are 7km apart. The Laterite Project is targeting hill top open pit mining, which minimal pre-stripping and a low energy blasting which will minimise mining costs. The nickel laterite ores will be beneficated through straightforward low energy scrubbing, which will discard around 50% of the ore quantity and the resultant higher grade lower volume ore feed will be processed in a hydrometallurgical treatment plant to produce around 27,000tpa nickel in concentrate (i.e. an intermediate nickel product which requires refining) using atmospheric tank leaching. Life of mine is projected to be around 20 years. The concentrate is expected to contain around 50% metal in the case of a mixed sulphide product (MSP) or 35% in the case of a mixed hydroxide product (MHP).
Think a few people will be taking advantage of any weakness if there is any ;)
owned by these 2 well respected players means only one thing to the sp.surprised it dropped today but if you look at yesterday after hour rns will give a guess why mms dropped the sp.blue day tomrw unless theres more to sell off
Interesting times here. I think NC is going to use Karim/Shorelines capital to prove up Dutwa and the other assets he acquired on the cheap. AFE to become Shoreline's AIM investment shell? Karim is a big player in Nigerian Oil. Why else would a big gun like shoreline come on board. Quite hefty buying today. Lets see what tomorrow brings. GLA
After todays RNS, it is my belief that both NC and Karim can now INDEPENDENTLY acquire up to 30% of AFE shares EACH before offering to buy out the company. If correct, it could mean that they COULD jointly own nearly 60% of the company and at that point, control the company. A possible TO by stealth maybe? Your thoughts please.
Today's rns means NC has sold to Karim. Both of these guys are on the board now and me thinks that they are going to use Karim's company shoreline as a vehicle for the takeover...just thoughts..
We should get more news soon, NC is on the verge of a takeover offer.
I know right... what is the end game here?! Is there something in regards to the privately held elephant copper holding... there must be something that the company holds that they are after... otherwise why bother??? Maybe the like the name...
Especially if he is referring to mine blowing up... that is definitely bad for shareholders...
Trust any advice when someone says Boom
Massive investor on board http://www.shoreline-group.com/
here then?Any ideas?
Boom times ahead
Shoreline/Kola Karim have 16% of shares now Nick Clarke* 228,057,332 26.18 87,119,892 10.00 Shoreline nil nil 140,937,440 16.18
The disposal wasnt in the market from what i understand but in a straight sale to NC?
Paul Colucci's disposal of 14,285,714 Ordinary Shares once cleared this will move so hang on and if we get news then double boom.very limited downside hold out a few months for a multibagger
LOL, where do you get all this stuff from Sharky... 2p miniumum??! And what director sells.. they sold to NC?? Oh well at least its fun I guess.
New Director Kola Karim: http://www.forbes.com/pictures/fjdd45hfi/kola-karim-nigeria-group-managing-director-and-chief-executive-officer-of-shoreline-energy-international/ Karim is the Group Managing Director and Chief Executive Officer of Shoreline Energy International, a Nigerian conglomerate with interests that span oil & gas, power generation, engineering, commodities trading, infrastructure and construction across sub-Saharan Africa. In 2012, Shoreline Energy partnered with U.K-based Heritage Oil in acquiring a stake in OML 30, an oilfield asset in Nigeria for a reported $850 million. An avid polo player, Karim was named Young Global Leader class of 2008
All buying now, looks like a good finish. dutwa and other assets 2p minimum, looks like director sells have cleared. holdings RNS after hours and board update to come
big block of buys just went in. pretty sure theres been order filling here, false prices given too.