Member Info for Catchingpigeons

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

Fair point - noted and digested - tru's slant far more appropriate in current climate and good post fella well said

Anything that adds value and supported with data trends or fact is good enough for me dos although I don't understand it myself - it's always good to get a different take so it's a yes from me - Although that said the my own comfort blanket always has been and always will be the resource ,the well planned and carefully thought out de risking process, and the fact that Amed and Redbird both paid 15p on the past couple of fund raises not forgetting of course the IFC stake at 15% - furthermore it's now been pretty much proven that a relatively low cost quality pig iron product such as this is far superior agent than iron ore and realistically why wouldn't the bigger steel producers want a slice of this ? - the concern albeit a minor one in the longer term is that the test results were expected in August and actually came out in October which may ultimately delay the DFS and It is possible that if a financing option is not announced fairly soon - then maybe some dilution will happen - that said I can't see cash burn being too high at present as the only focus is the DFS and unless some serious mishaps have occurred then I can't see why that wud create a major cash call at this time - as expected the market will always price in a delay if timescales overrun and if it is early 2015 then that's maybe why the sp has tailed off and understandably so - but it cud be anything at this stage - what reassures me is that the last couple of updates have carried significant bullish tones despite the delays and as I have had absolutely no reason to doubt our Ben over the past few years - why would I do so now ? I've just got to be patient - still lots of news due re transport, mou's etc so keep the faith chaps I say GLA

Can anybody who actually subscribed for the rights issue provide me with one valid reason as to why they did ?

I've not said a lot on here of late but what I have always said Is "in Ben we trust " and after that update u know what ? In Ben we trust " great guy great news GLA

It took 77 days From the 29th April when we all thought we were in the final final stages of this tortuous process to the date of the last RNS on the 15 July updating us on the permitting delay - and now another 58 days have rolled by without a murmur - 135 days and still nothing as yet ! It is unbelievably slow even for Spain

I may be completely wrong here but if I read this right lets say I have 60000 shares I can buy 540000 at 0.005 aus dollars which is about 1500 quid on a google conversion of 1 Aussie dollar equiv to 0.57 British pounds and effectively values my existing holding at 2 parts of Frankie Abbott - so I don't think I wud recommend shaking a sh*tty stick at this offer 2 be perfectly honest lol in despair I may add

Nice one Wolfie good on you fella maybe there is some life left in there after all - that sounds a pretty genuine reply to me so let's see what happens - because to be honest I had this labelled as African dodo after that last RNS

What we do know- is that the original value of Dutwa and the other minor assets that AFE held were worth far more than what they actually got for them that's for sure but as we all know they were on their knees and had almost hob sons choice but to go along with the offer resulting in us holding 10pc in the guise of black down minerals under the bigger umbrella of black down resources - I'm not entirely sure and not now entirely bothered as it's far too late in the day for all that but from I have gathered NC will ultimately still have a major interest in Dutwa even if AFE goes pop via his interests in some of those other companies mentioned - so it would seem its not all bad for him is it - as the asset is still potentially worth a lot of wonga and it's still there - it hasn't gone anywhere - but unfortunately if the inevitable does happen - then it's a fair bet that any pi's of AFE won't see any of it unless they do pull a deal out of the hat - the offer of a working capital loan to see them thru as noble a gesture as it was - hardly inspires me to think any form of investing deal will happen soon - but let's hope I'm totally and utterly wrong - GLA

If you had read coca kola karims management statement about 6 weeks ago you might have believed that things might just be turning round despite the impending 12 mth time period to actually invest in something running down not that there had been any mention of that publicly one would add - but somehow I always feared the worst as I hadn't been able to truly convince myself that NC had any other intention but to get to this position from day one - I had not found anything to think p I 's interests would be safeguarded for a second and this is another sad if not totally unexpectedly bad day for the eagle

Why would someone sell nearly 2 million shares at a probable loss this close to permits and with news of a finance deal supposedly pending unless they knew something we don't ? Surely not another delay ?

Listen fella I think all of us have at least one example where the board of directors of a company would certainly appear to be more interested in taking their high end monthly salaries as opposed to be working in the interests of its shareholders and evidenced by missing deadlines not renewing licences , making poor decisions on financing etc etc but in all truth I'm not sure u will find many if any who consider this BOD as anything other than hard working ,diligent astute and extremely conscious of their responsibilities to its shareholders - which is possibly why some of the responses have come out as they have - there are good and bad examples of most things on life and IMO this is most definitely a former -good luck with your remaining investments all the same

Following today's update it is at least a tad reassuring that matters still appear to be on track albeit even the company wording sounds weary of it all now - but it almost beggars belief that after 2 years in an economy that is still trying to dig itself out of the mire and create jobs and opportunities that this process is still not finally resolved with yet more delays - one shud not be at all surprised as the sp has hardly flickered despite being the project being so close which says it all in essence - the equally long awaited finance news ultimately depends on the license so no further updates there being possible and so the wait goes on - it's no wonder our cynicism is tested to the limits - from the last update on the 29/4 - 77 days have passed and they are only now chasing a final final response - it is unbelievable

All I would say here is whilst that last RNS was ok I readily accept it was a underwhelming based on previous issues and that should always make you ponder - but I still believe the fundamentals haven't significantly changed as bigwod has rightly said although no one can deny it did have a different feel to it - so it's completely understandable to see the reaction with the sp as that is what uncertainty does - so the decision is for investors do you sit tight and watch it drift and top up along the way - do you sell out completely and either jog on or buy back in at a lower price or do you sell some and keep a core holding with the same idea - as I've found out to my cost with BEM the problem can be our loyalty to a share can sometimes see us forget that in instances like now- even selling at 10 and buying back at 8 - if that proves the low point is surely not being disloyal but a pretty wise move - I haven't but wish I had - keep the faith fellas Baobab s track record to date has been spot on and that is worth a lot unlike most other boards who couldn't run a bath

With a couple of notable exceptions the one problem with most AIM listed companies is their constant failure to keep to timescales and deliver what they say they are going to do when they say they are going to do it - which in essence is the definition of quality. For me the delivery of the DFS on time with all the salient points thoroughly investigated,researched checked and doubled checked for accuracy and relevance of content,with all key components properly de- risked following rigorous and in depth testing by carefully selected and professional reputable experts in their field is paramount in Baobab moving this on to the promised land - and what this does for me is says it's all in place it's moving in the right direction and it's likely to be on time - if it is and does deliver on the expectation then the reality will look after itself IMO - happy days for all of us then fellas

Listen fella if I had made the amount of profit you have on ur LGO punt people could say what they wanted and it wouldn't bother me a jot -good luck to u mate nice one - I'm really chuffed for anyone where it comes off big time cos that's what we are all in this for - the risk is in winning and always will be - so good on you fella and don't rise to it mate u don't have to - Lol

Yes that's probably a very smart move as the Sp hasn't been this low in 5 yrs so even if it spikes on permit news ur entry point is still likely to be much less than the rest of us unless u had continually averaged down of course or are a relatively new investor with a low entry point - so whilst I am very hopeful we can pull this off I too despite my impetuosity to do otherwise have taken the same view - permits and financing are key here as they always have been but after waiting 2 years it's been hard going trust me - but once resolved it's hopefully happy days for one and all - the June/ July date in the last RNS if past form is anything to go by would be July at the earliest so if it is June by some miracle- I for one would be well chuffed GLA

Some good points fellas but the Bottom line is that even after Thursday/Fridays falls the price of nickel has still risen by 30pc over the past 12 months whilst all this has been going on which makes the demise of the Eagle even more disappointing especially to the many long term holders of this stock - but we are where we are - and if NC can pull it off it will make him a fortune and perhaps rightly so for his enterprise - if not then the previous regime have a lot to answer for as they miscalculated badly even if it wasn't done intentionally but that's why investing on Aim will more often than not leave u feeling the blues - but as the saying goes - it's never over til it's over so whilst that remains hope springs eternal GLA

thanks for that fella - Things are obviously happening in the background and i cant truly see the current incumbents putting money into this without good reason not withstanding of course that Dutwa is a truly world class asset with nickel shortages around the world currently making it even more frustrating to see us where we are and where we have been over recent times - point being i for one am well down on this one having invested back in the good old days but now like plenty of others i'm sure at 0.25p merely hoping for a miracle i guess - i cant truly confess to having any real confidence that NC has shareholder interests at the forefront of his mind - but to be fair to him his investment stake to date and the need for him to invest another 20 million as part of the funding condition is the only hope i have - but time is running short and we are fast approaching the s--- or bust so i just hope for all those invested here its not the latter -GLA

Agreed one would hope so - am i right in thinking that as an Investing company AFE would have to carry out some aspect of their role as an investing company within 12 months from the General meeting which i think was 22/7 /13 and if they didnt their shares would be suspended on AIM if they hadnt done anything by 18 months then it would be bad news as comapny would have to be wound up and any value passed back to shareholders - i know thats a way off but surely they must have to do something soon otherwise step 1 will inevitably happen - will it not - any thoughts anyone ?