The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
http://www.amaramining.com/wp-content/uploads/2016/02/Warrant-Valuation-by-Arlington-Group-Asset-Management-Limited.pdf Is there anymore updates on the site. I can't open on my mobile
Afternoon all, I’ve spoken to Katharine at Amara about the lack of info about the takeover on Amara’s website and she says that unfortunately they are prohibited by the UK Takeover Panel from publishing information on the website at this time. By midday tomorrow there will be a special ‘mini site’ within the website where the information will be available, but they are not allowed to publish it anywhere else until then. She apologises for the inconvenience and is available by email ir@amaramining.com Thanks
Investors expecting the optimisation results for the PFS in early Q1 2016, so that should hopefully provide another share price catalyst and they’ll be based on the new resource so the economics should be significantly stronger than in the PFS (closer to the economics of the PEA, which obviously saw the share price rise considerably). I think we should see a slow rise over the next month...
Buys 1,275,017
Anyone give a reason for the large volume of buys today, specific reasons?
I have no idea who this guy is but thought it was worth sharing on another drop today http://kingworldnews.com/this-will-cause-the-price-of-gold-to-jump-hundreds-of-dollars-in-a-matter-of-days/
Great results today but it’s not the only good piece of news on the horizon. The company says they’re expecting the optimisation results for the PFS in early Q1 2016 so that should hopefully provide another share price catalyst and they’ll be based on the new resource so the economics should be significantly stronger than in the PFS (closer to the economics of the PEA, which obviously saw the share price rise considerably). Peel Hunt are still very positive: http://www.dakotafinancialnews.com/amara-mining-plc-earns-buy-rating-from-peel-hunt-ama/679260/ Also it’s good to see the directors buying so regularly in recent weeks – I don’t know any other company where two of the directors have bought 5 times in the past 2 months between them…
Looking at various sites today... **** Gold fell for a twelfth session out of thirteen on Friday, trading close to a near six-year low on rising bets that the Federal Reserve would hike U.S. rates next month and as investors pull out of bullion-backed funds. ***** Low gold prices in the third quarter attracted bargain hunters the world over, with U.S. buyers grabbing far more coins and bars than they did in any other quarter over the past five years. "There were significant gains in bar and coin demand in China and across Europe, but it was in the U.S. where we saw the most dramatic growth, with U.S. Mint Eagle sales reaching their highest level since the second quarter of 2010," Alistair Hewitt, head of market intelligence at the World Gold Council, said. According to the World Gold Council's Gold Demand Trends report released Thursday, global gold demand rose 8 percent on-year to 1,121 tons in the third quarter, with the U.S. clocking robust consumer demand growth of 62 percent. Third-quarter U.S. demand for bar and coins in particular was up 207 percent from a year ago to 33 tons, the highest level since 2010. Global jewelry demand also picked up, in what is traditionally a quiet time of the year for the segment. A jump in jewelry purchases was particularly pronounced in India, where consumers took advantage of low prices in July and August to bring forward purchases for October and November's Diwali festive season, sending on-year jewelry demand up 15 percent.
Not long before these guys start knocking on the door and Mark Bristow opens his wallet! Randgold Resources boosted production to a new record level in the third quarter of the year on the back of a steady all-round operational performance while stepping up exploration programmes designed to find its next world-class discovery as well as to expand its existing reserves.
It's great news today- Franklin's holding (which is managed by the company you have quoted below) has increased substantially and they are a well respected, specialist mining investor so this is another positive endorsement for Amara.
Over the last 4 weeks, very very confident BOD... 23-Oct-15 07:00 RNS Directors' Dealings Directors' Dealings 15-Oct-15 13:10 RNS Directors' Dealings Directors' Dealings 09-Oct-15 07:00 RNS Directors' Dealings Directors' Dealings 02-Oct-15 07:00 RNS Director Dealings Directors' Dealings 30-Sep-15 07:00 RNS Director Dealings Directors' Dealings
This should move today!!
For anyone who missed this last month - http://www.directorstalkinterviews.com/amara-mining-plc-390-2-potential-upside-indicated-by-cantor-fitzgerald/412678607 AMARA MINING PLC 390.2% Potential Upside Indicated by Cantor Fitzgerald AMARA MINING PLC using EPIC/TICKER code LON:AMA had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at Cantor Fitzgerald. AMARA MINING PLC are listed in the Basic Materials sector within AIM. Cantor Fitzgerald have set their target price at 50 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 390.2% from today’s opening price of 10.2 GBX. Over the last 30 and 90 trading days the company share price has decreased 0.05 points and decreased 5.05 points respectively. AMA has a 50 day moving average of 10.96 GBX and a 200 day moving average of 14.60 GBX. The 52 week high for the stock is 22.75 GBX while the 52 week low for the share price is 9.34 GBX. There are currently 503,857,359 shares in issue with the average daily volume traded being 246,603. Market capitalisation for LON:AMA is £43,829,453 GBP.
Good work Pablo, Ive been averaging down for the last 2 years. A very healthy retirement pot ;)
With regards to the 16-23....the average target price amongst our 9 covering analysts is 26.8p and none of them have a target below 20p, which is almost double our current share price. Surely that would be quite a good uplift? Here are all the current analyst target prices for Amara: BMO Capital Markets Market perform 20p Canaccord Genuity Buy 28p Cantor Fitzgerald Buy 50p Cenkos Securities Buy 24p GMP Europe Buy 30p Mirabaud Securities Buy 30p Stifel Nicolaus Europe Buy 28p Peel Hunt Buy 27p Whitman Howard Hold 30p I think the announcement of a JV would deliver a big uplift in the share price but there are other catalysts coming up too, such as the Mineral Resource update in November and the results of the PFS optimisation in January, which will focus on reducing capex and increasing headgrade. I hope this helps.
In terms of the gold price, it’s important to Amara because our share price tracks the gold price so if the gold price is performing more strongly it’s likely our share price will follow suit (as we have seen over the past week already). This in turn means that if Amara have to raise money again next year (we currently have US$12.5m so we’re well funded for the near term), Amara will be able to do it at a stronger price, which will cause less dilution for shareholders. It also means that if another company tries to take us over they will have to pay more for Amara, creating more value for shareholders. Basically, the gold price is the biggest driver of value for us and it’s incredibly important even though we’re not in production yet.
Onwards and upwards. More positive news... http://www.sharesmagazine.co.uk/news/amara-shines-in-gold-rally#%2EVh9zo_lVhBe
“Gold is continuing to benefit from the weakness in U.S. dollar and safe-haven buying due to growing uncertainty about the direction of the stock markets,” Fawad Razaqzada, analyst at Forex.com. “The U.S. earnings season is about to kick into a higher gear this week with lots of banks reporting their quarterly results,” he said. “The fear is that companies may disappoint the already-low expectations, while concerns over the health of Chinese economy may also undermine risk appetite.” On a technical level, gold has also “caught the attention of momentum speculative buyers after the precious metal broke above a key resistance level and downward-sloping trend line around $1,140 last week, which is a short-term technical bullish development,” said Razaqzada. Gold futures have picked up more than $50 over the past two weeks as investors have been emboldened by the view that the Federal Reserve won’t raise benchmark interest rates soon. Low rates can make gold, which isn’t an interest-bearing asset, more appealing. In addition, a weaker dollar can boost buying of dollar-denominated assets like gold. “Gold tends to gain when central bankers lose credibility, and Fed members are now pretty much arguing in public over ‘lift off’ before year’s end,” said Adrian Ash, head of research at BullionVault.
Mr McGloin acquired in total 110,420 Ordinary Shares at 9.05 pence per share. Following this transaction, Mr McGloin and persons connected to him are interested in 1,782,826 Ordinary Shares representing approximately 0.42 per cent of the Company's issued ordinary share capital, all of which are held beneficially. Once again, the Chairman supporting the price and showing investors that he’s putting his money where his mouth is.
Morning Brian, Update and some answers to your questions and hopefully helpful to AMA board members. Moving forward, you can ask questions to Katharine directly. She is very responsive and a source of valuable information. 1) Three digit share price – the share price was much higher in the past due to the gold price at the time. In 2011 the gold price hit its all-time high of US$1,900/oz and as the share prices of gold companies track the gold price, most gold companies including Amara performed very strongly. Since 2011, the gold price has fallen by US$800 and today sits around US$1,100 so as a result, the share prices of gold companies have fallen substantially too. If the gold price had stayed flat over the last 5 years then I would expect our share price to be stronger now than it had been in the past as the company has made considerable progress, including adding nearly 7 million ounces of gold at Yaoure to our resource base. 2) Algy Cluff’s exit – Algy chose to step down as Non-Executive Chairman so he could return to his oil and gas roots and John McGloin stepped in. As I have told you before, I believe very strongly in John McGloin as a leader and I joined the company to work with him. John was the person who saw Yaoure’s potential, which had been ignored for the previous years by Algy Cluff and his team. If John had not chosen to invest in Yaoure in 2012 and 2013 through drilling, the company would probably have gone bankrupt last summer when Kalsaka/Sega finished production as we would have had one exhausted mine and one project on care and maintenance due to Ebola (Baomahun), with no other story to tell. John McGloin saved the company. 3) “Virgin patch of land” – Yaoure isn’t a virgin patch of land, it’s a brownfield site and has been mined twice previously as an oxide operation (where just the gold at surface is mined and the higher grade ore further down is ignored). It was first mined by a French company called Compagnie Miniere d’Afrique in the late 1990s and then by Cluff Gold in the mid-2000s. When Cluff Gold ran it as a small oxide mine it was operated very inefficiently and lost the company a lot of money so management chose to close it in 2011 during a period of civil unrest in the country. When Algy Cluff left the company, there was just 0.2 million ounces of resources at Yaoure and today that has increased by 34 times to 6.8 million ounces. The company has owned Yaoure for 10 years but only under John’s leadership has its true potential been recognised. Katharine Sutton Head of Investor Relations katharine.sutton@amaramining.com