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seem to have sold then rebought then sold again ! enough to trigger the rns requirement.
Crucially, the decision to sell was made after the Elephant Copper RNS announcement. ?
Thats 10M gone then! http://www.africaneagle.co.uk/news-article.asp?nid=1726882.xml&xml=http://cws.huginonline.com/A/139385/PR/201309/1726882.xml
Dealmakers
TIDMAFE 30 August 2013 African Eagle Resources Plc ("African Eagle" or the "Company") Elephant Copper African Eagle notes an announcement made on 29 August 2013 by RTG Mining Inc. (TSX:RTG), regarding Elephant Copper Ltd. ("Elephant Copper"). As announced in the circular sent to shareholders on 5 July 2013, African Eagle remains interested in 9,050,000 shares in Elephant Copper, representing approximately 14.4% of the issued share capital. The full announcement made by RTG Mining Inc. is set out below: "SALE OF INTEREST IN MKUSHI COPPER JOINT VENTURE FOR US$13.1M 29 AUGUST 2013 RTG Mining Inc. (TSX:RTG) (RTG) is pleased to announce an agreement has been entered into for the sale of RTG's 51% interest in the Mkushi Copper Project in Zambia for US$13.1m (Transaction). The sale to our joint venture partner, Elephant Copper Ltd. (Elephant Copper), is subject to conditions precedent, with completion expected in mid September 2013. The purchase price of US$13.1m will be satisfied by the issue of US$6.6m in new fully paid ordinary shares in Elephant Copper and a US$6.5m unsecured redeemable convertible note (Convertible Note). The Convertible Note will be repayable on or before 1 January 2015, unless converted earlier, and will have an exercise price for conversion equal to the lesser of US$0.45 and 1.36 times the IPO Price (as defined in the agreement). Elephant Copper is in the process of completing a "go public event" (IPO) through a transaction that would, after obtaining regulatory approval, be the qualifying transaction for Credent Capital Corp. If Elephant Copper enters into an "alternative transaction" (a sale of 20% or more of the shares or assets in Elephant Copper or similar transaction) both parties have rights to convert the US$6.6m share issue into a cash payment and Elephant Copper is entitled to redeem the Convertible Note early. Elephant Copper has also agreed to repay on or before 1 January 2014, certain debts owing to RTG, which are currently in the order of US$1.35m. ABOUT RTG MINING INC. RTG Mining Inc. is listed on the main board of the TSX and is a mining exploration company focused on identifying new gold development and operating acquisition opportunities. RTG is now run by the previous management team of CGA Mining Limited, which successfully merged with B2Gold Inc. in a US$1.1bn scheme of arrangement in January 2013. RTG also holds a 51% interest in the Segilola Gold Project in Nigeria (in dispute), the largest undeveloped gold resource identified in Nigeria and holds a 51% interest in the Mkushi Copper Project in Zambia, the subject of this announcement. At the Segilola Gold Project, Ratel Group has identified an indicated resource of 520,000 ounces of gold contained in 3,658,000 tonnes at a grade of 4.4g/t and an inferred resource of 97,600 ounces of gold contained in 790,200 tonnes at a grade of 3.8g/t in accordance with NI 43-101. NATIONAL INSTRUMENT 43-101 COMPLIANC
are you still holding ?
from 12.39 Is this why we have been held back this afternoon ?
AFE picking up, coming back to life. Patience will be rewarded.
This is ripe for next week trade! We gonna hit 1p.GL
Terminology is what it is. This share will rise up.
But you said "About to blow"... and it's in fact gone down. There's nothing "About to blow" here at the moment, so do not see the logic of making such a statement.
Buys coming in, company now safe with recent news and share holdings/assets In other companies. We will see one pence soon enough as this moves fast when it goes. Plenty in at higher prices, just look at the chart history. Try also MARL, tiny number of shares, price of 1.6 pence and 3 year highs of 50 pence!!!
AFE is looking like a very good investment. GLA.
I'd love for you to actually support such a comment with evidence.
About to blow!!
About to tick upwards:) GLA
there's some supposition and quite high risks but see my previous post about the players..the biggest hurdle is still getting a dealer for Dutwa able to pay for a BFS ....statements about x dollars "in the ground" at Dutwa from 2009 onwards blew up, on it being "in the ground"..which the market discounted GL
you've now got a mix of- 1. MP and NC and other new people-high flyers involved withi and without AFE itself 2. Elephant to float with high hopes 3. Coburg in there 4. Dutwa and Mkushi effects GL
Coburg at 55p and 75% spread having dropped back 30% the other day,unchanged so far-watching that one...
GLA!
its a bit complicated at first reading but either money will be coming to AFE, or if only shares they can fund raise on the back of as I was saying.Life should now go on anyway past next month at the very least.At the most-who knows ? Anyway now instead of a basket case AFE are back in business! GL