Member Info for 1Calyps0

Re. Accept?? If they cannot be traded on the open market, what options are then open? I don't want to accept this offer, but it seems there is no other choice at the moment.

Thanks for that.

Morning all. Can anyone explain how loan notes work, please?

If you want in, don't hang around. It usually bounces off 300p although you could take your chances and wait for lower.

The Board of Afferro Mining Inc. ("Afferro", TSX-V & AIM: AFF) notes recent media speculation regarding the status of negotiations regarding a potential offer for the entire issued and to be issued share capital of the Company. The Company confirms that it remains in active discussions with all potential offerors from whom it has received approaches, including Jindal Steel and Power Limited. Whilst the Company has received approaches from a number of interested parties, there can be no certainty that a formal offer will be forthcoming.

Afferro Mining Inc. ("Afferro", TSX-V & AIM: AFF) is pleased to announce Afferro, Lybica Holding B.V. ("Lybica") and Afferro's wholly-owned subsidiary Mano River Iron Ore Holdings Limited ("Mano") have entered into an amendment to the agreement relating to the sale of Afferro's 38.5 per cent minority interest in Severstal Liberia Iron Ore Ltd. to Lybica, an affiliate of Severstal (the "Transaction"). The amendment provides for Lybica to pay US$50,000,000 to Mano in full and final satisfaction of the balance of the purchase price payable under the Transaction within seven business days from 13 December 2012. Afferro's CEO, Luis da Silva, commented: "By advancing the deferred element of the sale proceeds from our former minority interest, it enables the Company to strengthen its balance sheet in an uncertain economic climate, when cash is at a premium. After the receipt of these funds, the Company will have a cash position of US$90,000,000 leaving it well-placed to advance its projects, while continuing its negotiations with potential strategic partners."

Thanks guys. Not much I can do except wait now anyway but would rather wait with hope that my current paper loss will be negated.

Had these tucked away in a bottom drawer at average of £3.49!!! Anyone think I have a chance of breaking even?

http://af.reuters.com/article/metalsNews/idAFL5E8G66OB20120506 http://uk.finance.yahoo.com/news/enrc-set-spin-off-african-103437609.html

http://www.investegate.co.uk/Article.aspx?id=201205020700135333C

Well, the Chinese are paying £0.60 a share, so they think it's worth it.

Kazakhstan-focused miner, Eurasian Natural Resources (ENRC), expects production to be at full available capacity across all divisions in 2012, with increased copper volumes anticipated. The group plans a record capital expenditure programme of $2.7bn in 2012, as part of a total project spend of $10.9bn. The bullish outlook statement accompanied full year results for 2011 which showed revenue up 17% to $7.71bn and underlying earnings before interest, tax, depreciation and amortisation up 7% to $3.43bn. The group has declared a final dividend of 11 cents, taking a total pay-out for the year to 27 cents.

Doubled my holding yesterday - it seemed silly not to as I was in at £1.64, so brought my average down nicely. Long ways to go yet though.

LowerNorth - could be something in that going by the steady rise in SP.

Time to breeze through 3!

Nice steady rise. Interesting to note that there were no director sells during 2011.

Are we finally going to break through 290.00? Good to hold for the div. alone.

8% forecast yield !

Always good to see.

I am beginning to suspect that mulled wine works for LSE solely to input RNSs and news. He seems to be on every board here and seldom (if ever) responds to other posters.