M&g Eur Aaa Clo Share Price (AAAM)

this company AAAM put the split 2 for 1share a day before, so that we bought share at around 195p-200p on that day, after spliting we do not get double share in both company, just to get a hugely reduced share price of AFF for the same number os share but only worth 75% of the purchased value. what a stupid company with stupid action to knife clients like this!

Posts have started on the the new AFF and AUE tickers.... See you on the other side!

EXPECTED TIMING FOR COMPLETION OF RESTRUCTURING African Aura Mining Inc. ("African Aura" or the "Company"), the TSX-V (AUR) and AIM (AAAM) listed exploration and development company with divisions focused on iron ore and gold projects in sub Saharan Africa, wishes to remind its shareholders that, further to its recent press releases regarding the proposed restructuring of the Company's assets with Aureus Mining Inc. ("Aureus Mining") (the "Arrangement"), the expected completion time of the Arrangement is 12.01 a.m. (Toronto time) / 5.01 a.m. (BST) on April 13, 2011 (the "Effective Time"). As previously announced by the Company, for settlement purposes, the last day of trading in African Aura shares with the right to receive Aureus Mining shares was April 7, 2011. At the Effective Time, African Aura will be renamed Afferro Mining Inc. and will hold the Company's iron ore assets. The shares of the Company are expected to commence trading on April 13, 2011 under the new CUSIP 00818V103 / ISIN CA00818V1031 / SEDOL B66MTK4, with the symbol "AFF". Aureus Mining will, on completion of the Arrangement, hold the Company's gold assets, a 14% holding in Stellar Diamonds Plc and cash and cash equivalents equal to 40% of African Aura's total cash balance immediately prior to the Effective Time (estimated as being approximately US$10.6 million based on information available at April 6 2011). It is expected that the shares of Aureus Mining will commence trading on April 13, 2011 under the CUSIP 051547107 / ISIN CA0515471070 / SEDOL B60MMJ0, with the symbol "AUE". The new website for the Company following the completion of the Arrangement will be www.afferro-mining.com and the website for Aureus Mining Inc. will be www.aureus-mining.com.

http://www.investegate.co.uk/Article.aspx?id=201104120700067203E

Evolution Securities issued a "buy" rating for Africa Aura Mining* (AAAM) with a 280p target price. Since the company confirmed its intention to split, the broker notes that the 200 million dollar (122 million pounds) run-up in the share price over the past two months reflects the market's recognition of value in the two parts of the group. Furthermore, although the two groups have much to achieve in order to ensure the success of this split, Evolution believes the opportunity for management to focus on a smaller number of projects presages good news. The shares fell 5.5p to 187p.