Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Ooops! Sorry wrong board.
So what do we reckon then? 3, 4 or 5 Afren shares for one Seplat share. Taking into account that Seplat will soon be trading at £1.50p.
After two emails and no replies I called this number 02070025361 Asked if theres an update coming soon and the guy who answered said we will be updating the the shareholders
Is the one u need ive looked but cant see what happens at this point - what the Big RNS states is that the next set of conditions a-f I think it was of the arrangement needs to be met by 31/3 /15 so I can only assume as the investment process has started -then maybe the deadline is extended until that expires- but i truly do not know tbh so if any one can enlighten us please do so GLA
I'm no expert on the legal side but would have thought yes ur assumption would be correct unless something happens fairly sharpish - I also admit to being totally convinced Clarke and Karim were in this to obtain a potentially world class asset for peanuts and to run it down like they have by trfing AFE to an investment company thereby giving them 12 months grace to make a few noises exactly as they have only for it all to fall at the last hurdle resulting in a de - listing - now I know that sounds very cynical but that's what it's pointing to - I hope I'm utterly and completely wrong and a miracle happens very soon but can't see it given the deafening silence since the last RNS - truth is the dire straits Afe got into in the first place isn't or wasn't anything to do with them but the less said there the better - never say never I suppose but the signs aren't looking good
Have we got till the 11th February for things to be sorted or we lose everything?? 11 August 2014 African Eagle Resources plc ("African Eagle" or the "Company") Notification of Temporary Suspension African Eagle, the investing company that is seeking opportunities within the natural resources, infrastructure and services sectors, announces that, in accordance with Rule 15 of the AIM Rules for Companies ("AIM Rules"), the Company's shares will today be suspended from trading on AIM and AltX from 7.30 a.m. London time as a result of the Company not having completed an acquisition or acquisitions which constitute a reverse takeover under the AIM Rules, or otherwise implemented its investing policy (which was approved by shareholders at a general meeting) in accordance with Rule 15 within twelve months of becoming an investing company. The Company continues to actively work towards implementing its investing policy in accordance with Rule 15 and will keep shareholders informed of developments in accordance with the AIM Rules. In the event that the Company is unable to implement its investing policy within the next six months admission of the Company's shares will be cancelled.
thanks for ref. to myself. No worries in gold shares see elsewhere...I've still got 35mm x2 cameras but no film now lol. Old AFE posters- remember them all as good friends ,this was a happy place, reached 17.75p once. And MP was the miracle worker.still might be. Some of his interests elsewhere seem good prospects.
Nothing on the company web site regarding a de-list
hi Photomic1962, i bought some shares in AFE and have tried to sell them but i've been told they have been delisted, can you shed any light on the situation for me?
Wonder if that deal for acquring Lime Chem will ever happen? If it does, it may give poor old MOGO a chance to bail and get his money back. That's assuming he's still here, possibly the longest running member who has been on this board since God was a boy!
Still no news on here...
http://www.macrobusiness.com.au/2014/12/how-china-grabbed-control-of-the-iron-ore-price/
African Eagle Resources set to acquire Lime-chem Resources http://www.africanmining.com/news.php?id=2846
African Eagle is pleased to announce the appointment, with immediate effect, of Loeb Aron & Company Limited as its Joint Broker alongside Pareto Securities Limited.
Well, thanks for the email. This is rising from the ashes. Strongly feel Karim and co came in here with the intention of a reverse takeover..this must have always been the plan.
No problem. It's useful to get insight from the management of the company and understand the reasons behind their decisions.
Thanks for sharing that with us Wolfe - nice one - u can see the logic behind the deal that's for sure
Email from Rob McLearon this morning. Dear XXXX I am very well thank you. Unfortunately I can’t give you more detail at this stage on the transaction itself for regulatory reasons – once published the admission document will be comprehensive in this regards. I would certainly like to. However what I can tell you is that we would not be seeking to do this deal if we were not confident of its merits in the current price environment. Additionally a significant proportion of global supply is loss-making (mostly domestic Chinese) and it will only be a matter of time before there is a response on the supply side, which is what the majors are seeking. The Chinese mills have yet to re-stock in advance of the closedowns over the Chinese New Year which usually brings about a seasonal increase in the ore price. The views I have canvassed are that the ore price should be higher next year. Thanks, Robert
Yes you are probably right there fella as it isn't in the best place right now and both Clarke and Karim have more than enough experience of these things to think it worth a punt - more relevantly for us the next 6 mth timescale was getting very close and despite that email response u had a couple of months back I was beginning to wonder if it was the final call - I had stayed invested here as I had missed the opportunity to bail out as I had been here so long and affinity was too strong - a painful lesson and one I hope I don't make again - so for me and maybe many more besides I guess - so this is a welcome positive for me I have to admit
Maybe they are buying in at the bottom of the iron ore price market. http://www.indexmundi.com/commodities/?commodity=iron-ore&months=60
For those that haven't read it. http://www.proactiveinvestors.co.uk/companies/news/74547/african-eagle-switches-to-iron-ore-in-south-africa-for-its-next-venture-74547.html Prior to this I can't remember the last time there was any positive news. Hopefully this will signal a change of fortunes, albeit a slow one. It did seem strange that they have targeted iron ore given that this commodity has performed terribly with Chinese demand significantly drying up. But, my guess is they believe iron ore prices have hit the bottom and they are getting a very good deal on Lime-Chem Resources because of it.
For those that haven't read the RNS. http://www.proactiveinvestors.co.uk/companies/news/74547/african-eagle-switches-to-iron-ore-in-south-africa-for-its-next-venture-74547.html Prior to this I can't remember the last time there was any positive news. Hopefully this will signal a change of fortunes, albeit a slow one. It did seem strange that they have targeted iron ore given that this commodity has performed terribly with Chinese demand significantly drying up. But, my guess is they believe iron ore prices have hit the bottom and they are getting a very good deal on Lime-Chem Resources because of it.
Could be transformational news!
Well that was a nice surprise this morning -Nick Clarke dons his father Xmas suit and at least gives all AFE shareholders shareholders a glimmer of hope - and on the face of it looks a pretty interesting proposition - still a long way to go yet but it's definitely a step in the right direction so credit where it's due - nice one Nick let's hope it comes off