Member Info for ismalia

I don't think that the market has woken up to the potential at AMED as the copper price rises. MGR that brokers copper into China as well as other commodities will be benefitting and that is why AMED advanced more money to MGR. The copper mine investment will also have added value and the rig will be a massive bonus.

Good news also AMED could also benefit trough their new investment and their Broking business MGR

Copper price on the increase which can only help the new copper mine investment and the Broking of MGR. Also the value of the yard should be realised at some stage. The MC of less than £5m substantially undervalues AMED IMO.

0.20p is about right, but when trading starts in the shares I would expect them to be considerably higher to reflect the asset base and earnings potential.

Sorry the sp will be 20p not 2p. Shares to be in issue just under 19m suggests MC of £3.8m plus the £5m to be raised

Share consolidation means we continue to retain our percentage holding and the consolidated sp will be about 2p. They will raise up to £5m at the price but we knew that. I will certainly put my name forward to add further as I see the valuation going forward as being worth a lot more than 2p. I can see this moving strongly forward on admission.

I think the truth is that the RTO effectively caused the shares to be suspended for a length of time dictated by the Rule Book and not by ALO. It should be appreciated that there must be a fair amount of work to be done to satisfy an admission document with several professional offices involved. ALO have said that the admin doc should be out in early July which of course is where we are now and we still do not have it. Like any journey there can be hold ups caused by any amount of different reasons. If you look back over the past six months or so there is some large investors putting new funds into ALO and my gut feeling is that they do not want to lose their money. I feel sure there is much work going on to bring ALO back to market and I would rather it take the appropriate time to do it properly. My holding is 24.75m and I am fairly relaxed having relooked at all the MJ media releases, and as far as I know that is all we have to go on with anything else being down to frustration and speculation.

Because the company shares have been delisted it does not mean that the business ceases to exist

I haven't a problem with the delist - this was simply a time factor to comply with and it was not met. The pressure is now off MJ and Co so we can expect a new admission when the appropriate work is complete. There is some big investors here who are looking for good returns and will not allow ALO not to list in due time. Nothing has changed IMO as far as the RTO is concerned.

MJ told us it would be a Transformational deal. Sure will be if investors lose the lot

We have no accounts to consider but the company has an obligation to call a meeting on an annual basis so for that reason I feel it will be adjourned and probably called for the same date as the EGM to obtain approval for the RTO. I may be wrong but we will soon know. It will of course be after the market closes.

I think we can forget the AGM this afternoon which I suspect will be adjourned.

Importantly what's the cost of getting it out the ground?

Don't forget the consolidation.

The company does not have your money - it's the person you bought your shares from and I expect they wish they had not sold them to you.

Good buys continue at and after the close which makes for an interesting time.

A little interest by the looks of it.

AGM this afternoon. It will be nice to get an update on the rig and also the current trading of MGR. massively undervalued on the potential sale of the rig. Strong investors and no borrowing.

The AGM is on 30th June which is six months after the year end. I think the Accounts for the year to December will be issued on that day and the AGM will be adjourned to a date that will coinside with the EGM to approve the RTO and readmission, making the end of July for the new shares to start trading. It should be well worth the waite.

There will be a consolidation perhaps 100 into I and a fund raise which existing shareholders will be able to subscribe for. Then there will be an admission at a price that will be attractive to see it away at a premium. I think there are some big investors here that will want to use ALO to grow.