Member Info for CJoner

Am I being stupid or doesnt that take the market cap to £130 mill? with 60% cash or equivalent? Whats up with the SP. This means funding for the other projects. Why hasnt the SP shot up??????

Looks too me like somebody knows something. Anybody got a view?

What a fantastic result given that I thought this was gone, dead and buried. Nice to get some good news in the current market. The BOD have done a great rescue job.

http://www.african-aura.com/i/pdf/presentations/Afferro+Aureus%20Factsheet.pdf For information

Sorry that didnt quite read right the discount for sentiment etc is off of the 363 mill to 646Mill to get to my estimated SP of £3.7 to £3.8 which is still undervalued.

Just dug out my old notes and can give you my own view on SP DYOR etc Based on a comparison pricing model using the following criteria Cost of extraction similar to Consolidated Thompson Market price for IO prior to CT Deal $0.9/tonne Consolidated Thompson deal less a 40% discount $1.74/tonne (Actual deal done at $2.9/tonne but very high revenues due in the next two years) Risk discounts applied for: inferred status -82% Target status -90% Africa discount -25% Company value for I/O only £303 mill to £586 mill Gold and Diamonds I had valued at approximately 60 million from memory but I have lost my calculations. Any one else got any calculations? Any way my value of the two companies separated therefore £363Mill to £646mill I expect an joint SP of £3.70 to £3.80 provided something else in the World doesn’t go bang again. You then factor in a discount for AIM, market sentiment, the economic cycle etc The upside is if they quickly raise the status of their IO assets ie A JORC report to indicated or measured and a production date would have significant multiple increases. GLA

I have done the calcs on the company "Target" IO and the upside is enourmous up to 18 times before production current SP ------downsides Africa, getting to production and the IO price in 2015. UP side if this company announce sgoing to production in 2013 say its a multi bagger --- The good signs are splitting the company the BOD are looking aftrer the shareholders, IO still in demand, not far from th coast, target IO much larger than current IO------you pay yoir money and take your chance... I have paid and waiting.

My guess is a 30% increase. I have based that on the current total mining assetts.

No that is not correct. Each part of the company will be valued based on its own value ie mostly its assetts. So oe company will have the IO and be valued accordingly the other company will have the gold and diamonds and be valued accordingly. I believe the BOD think that the current value of AAAM is based on the IO only and therefore think it is in the interests of the shareholders to split the two so that all the assetts get valued. I would descibe it as a confident move in the interests of the shareholders. Theoretically if it works we should end up with a good rise.

Such a quiet board for this hidden beauty. BOD are very confident -enough to split the company in two, massive upside in the offing 3 x iron ore plus the CPR-JORC rises of maybe 3-6 times thats a 9 to 18x increase.

HI All I am a newby and just got caught by Moil as one of my first investments. Have a read of this http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/8235930/Madagascar-Oil-tax-in-dispute-before-float.html They were already in dispute when they floated