The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Is a jewel in the rough I have a good feeling here. We should have an update on the RC drilling before end of November and then a regular flow of updates to follow. IF this was pumped as such I would class it more as a tip as I think we are only just about to begin the positive journey. Like sage has said it doesn't take much volume to get this moving, with very little free float once we have a positive rns and the volume comes hold tight!!!
on advfn http://www.guardian.co.uk/world/2012/nov/14/african-union-plan-troops-mali
Late trade 'buy' gone through after close everybody.
holders meeting tomorrow 11am will we have an rns as to the outcome, tomorrow afternoon or mon? then theres the upgrades to the access roads, finalising the rc drilling campaign, maybe news on the other caracal permits was it 2 more to be agreed cant remember off the top of my head? Have i missed anything, just trying to gage the possible news flow before drilling updates. posted on advfn earlier, http://twitter.com/theminingmaven/status/261168675040686081 MiningMaven‏@theminingmaven MiningMaven - A Win Treble? 3 new gold stocks on MiningMaven http://bit.ly/Tg9AvO
Couple of 200k buys today :)
MiningMaven Published on Monday, 01 October 2012 14:44 "...As readers will know, we prefer to gain our exposure to gold and silver whilst it is still in the ground, via investments in precious metals exploration and development companies operating around the world; and we manage our risk (and expectations) accordingly. Right now, we are heavily reinvested in these stocks and we buy them, not because we’re looking to shave a 10-15% profit (we leave those kinds of returns to the Money Managers!), but because we are looking to make a return of around 10-15 times our original investment. And that, obviously requires a very specific kind of ethos. As we enter into what is traditionally a very strong season for gold demand, the valuations for the explorers are still at exceptionally low levels. This is likely because the speculative money is only just starting to return to the markets. With gold and silver as drivers, we expect that the stocks will shortly begin the process of re-rating leading them much higher in the months and years ahead.... ...AFRICAN MINING & EXPLORATION (LON:AME): With cash of £2.3million and a portfolio of licences in the South West of Mali, this £3.2million explorer has significant cash runway and highly prospective ground to work on. Exploration is ongoing across the portfolio and, bizarrely, the market seems to have missed the significance of a major acquisition (Caracal) which was announced in early July 2012. We will be producing a full Value Proposition on AME and will articulate our thoughts on the company and why we believe that, through its work on the ground, it may just deliver a major value uplift." Full article... http://www.miningmaven.com/mining-blog/showing-up-on-the-radar-our-october-pm-stock-picks/
Rns everyone!
not that it really matters but by the looks of it today 155,478 were sells and 159694 were buys Some showed as sells as you could buy below the mid price.
At the trades today there's actually only a couple of sells @ 3.75 - 3.8 ish the 3.99s were buys 1 was mine
Don't think anything strange going on here, just sellers getting impatient due to the lack of news and were not too sure when we are due some. Question is tho fair enough to sell out now if you believe the share price will drift BUT ,this is my thinking anyway, will you be able to buy back in at or below the price you can sell at now? don't think so personally don't think this will slide that much, that means if you want back in you will have to make a profit on your money to cover the spreads prob around 10% to buy back in where you started atm ,chart is improving tho and after a retrace hopefully we'll get some updates
sellers this morning theres no reason to sell other that impatience i guess or a little panic seeing someone sell some.
Gourbassi East project ------------------------------- Recent structural interpretation by AME’s technical team has identified multiple IP anomalies (chargeable and resistive). Short term work program ---------------------------------- The drilling of 4 RAB fences successfully started in August 2012 to test continuity and extent of mineralization and test the other IP anomalies. Planned RC holes (1200mtrs) to test continuity of mineralization and length of strike. Follow on diamond core drilling. Medium term opportunity ---------------------------------- Once initial RC drilling confirms continuity, width and length of mineralization, resource drilling can commence. Current mineralization suggests that definition of an inferred resource may be achievable with 3000mtrs of RC drilling.
Couple of points to note from the presentation slides that I know a lot of you are already aware of but here goes…… - Only 84,213,306 shares in issue. - 45.8% of shares NOT held in public hands. - AME have a large land holding in Mali a total of 642 square km. Several projects are in close proximity to current significant mines / resources. - Small but well placed junior exploration company. - In house primary exploration capability. In house equipment: - Rotary air blast / Auger drilling rig - Logistics and support vehicles - Ground magnetics equipment and analysis tools - Mobile tented exploration camps, with ancillary equipment - Well funded / low cash burn. - Highly experienced board and team, good technical people with discoveries under their belt. - Good prospects for a maiden resource in the Kossanto block. - Possibly the best reconnaissance capability for a West African junior. - Investigating additional asset opportunities in neighboring territories. Various power point slides on their various projects can be found on the September 13th presentation. __________________________________________________________________________________________ It is also noted on the financial slide of the presentation that there is the potential to issue 3,515,000 shares for Caracal gold aquasition. This was noted in the Caracal acquisition RNS. “If AME elects to proceed with the payment of GBP1.25m as set out above and where a JORC compliant Proven and Probable reserve of greater than 500,000 oz is established, AME shall be liable to allot 3,515,000 ordinary shares to the Seller.” This equates to around 35p per share based on the above. __________________________________________________________________________________________ This had good support at around 6p – 8p per share before worries about the political in stability came about in Mali albeit in the north of the country where AME DO NOT operate. Taken from the Caracal RNS back in July. “The Board believes that the current political instability in the North East of Mali should not negatively influence the Company's ability to operate on any of the current or new exploration licence areas." __________________________________________________________________________________________
Think ive got a copy of the presentation sent to me on my email i will try to post something if i can. If not this is what my email said. David, It will be there tomorrow. Here is a copy. Regards, Michael. The presentation will be on the website as of tomorrow.
Looks like MWA and NVTA doing well today all thats needed now is for people to realise the potential of AME :)
Nothing tends to go up in a straight line! buy on the dips if you believe in the fundamentals of the company. Still a bargain imo and very much under the radar, partly i suppose due to the in frequent rns releases? once people start to do a bit of research into ame they will see the potential here.
See advfn for a good update courtesy of idontpost
Looking forward to idontposts update on the investor evening over on advfn, sounds very positive. your right sage doesnt take much buying pressure to move this..:)
to see an update here to coincide with the investor evening agree sage could come late tomorrow?...... but could still be the morning after the investor evening fri at 7am as long as any information, if it involves anything price sensitive, is released before trading starts. Still getting to grips here i do hold. not many posters on here or advfn looks like your holding the fort atm sage more people will turn up when we get few more updates. be nice to know where they are currently at and the plans for the short medium term, roll on tomorrow.
Thanks for you reply will have a read up