Member Info for joecandive

My money has landed in my Interactive Investor Account. Although it has hasn't cleared yet. What a 14 year rollercoaster!!!

Auction

Looks as though it's 1st December 2020, which gives over a full year to get all the mechanisms in place prior to submitting the TEO.I feel we are bubbling along nicely albeit rotton Market Cap/Share price.When the J/V ,Take off agreements are put in place I think AMC wi'll try and restrict shareholders jumping ship to sustain the share price.

In my view the PFS has delivered a comprehensive position of were we are at now.This is now far from another punt on penny shares.The PFS is a constructive and concise business plan of the way forward.The numbers add up to turn this project into World Class Producing Resource.That,incidentally, Amur Minerals PLC are the 100% licence holder on....Whats not to like about that eh? If we can wait a decade to get to this point a few more years of activity and planning,finance and construction ain't gonna be a problem for this particular investor.
GLA DYOR

I have never posted but been invested since 2009.Prior to investing in AMC I done my research and due diligence.Only after that did I convince myself that they were worth a punt.Why would RY (Geologist Cum Laude) bank his reputation on an almost imperrratrible mountain region in Russia.My take is he also done his due diligence and got the initial baseline data to also take a punt.Yes I know he gets payed well,but each time I see or hear him I get the feeling that this his his life's work and Swan song.I have hoovered up shares in both the good times and the bad over the last decade with an average of 6.8p.Bit I have never faltered in the believe that this will come good at some point.Maybe just maybe 2019 is gonna be AMC's year. GLA DYOR

BOOOOMMMM!!!!

64.91258.16(14.38%)

Highlights: -- Further 4,248m drilled in Q1 2011 at Nkout Centre and Nkout East -- Hole NKDD012 at Nkout Centre intercepts 548.5m of banded iron formation -- Potential direct shipping ore identified in 3 additional holes over 1.5km of strike at Nkout Centre -- Reconnaissance drilling at Nkout East adds 2.4km of drilled strike length -- A minimum initial target set at 500Mt for Nkout East -- Revised Mineral Resource Estimate expected in September 2011. Luis da Silva, Chief Executive of Afferro, commented:

Apr 05th 2011 - Edison Investment Research today published a report on African Aura (AAAM.L, LSE:AAAM, LON:AAAM) entitled "Two-for-one". In summary, the report says: African Aura (AIM, TSX) is an established exploration company with iron ore and gold assets in Liberia and Cameroon and a 14% stake in diamond producer Stellar Diamonds. Next week, African Aura will split its iron ore and gold assets into two new entities, Afferro Mining (iron ore) and Aureus Mining (gold). Current valuations for African Aura suggest that the share price is trading at a discount to African Aura’s iron ore projects, and no value is attributable to its gold assets; as such the split represents an opportunity for African Aura shareholders to receive a two-for-one deal once the restructure is completed on 13 April 2011. We will publish comprehensive

Luis da Silva, President and CEO of African Aura commented: "I am delighted that the proposed split of the Company's assets has been approved by shareholders today. The management believes a real opportunity exists for investors to buy-in to the split concept and the upside that they believe will be created by holders receiving two new shares in the resulting pure iron ore and gold entities, Afferro and Aureus, respectively. The last day of trading in African Aura with the right to receive a share in Aureus Mining will be 7 April 2011."

DJ African Aura Mining Inc. SHAREHOLDERS APPROVE PROPOSED SPLIT OF ASSETS TIDMAAAM RNS Number : 3369E African Aura Mining Inc. 05 April 2011 NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES. April 5, 2011 TSX-V: AUR AIM: AAAM African Aura Mining Inc. Shareholders ApprovE PROPOSED SPLIT of Assets April 5, 2011, African Aura Mining Inc. ("African Aura" or the "Company"), the TSX-V (AUR) and AIM (AAAM) listed exploration and development company with divisions focused on iron ore and gold projects in sub Saharan Africa, is pleased to announce that, further to its recent press releases, the proposed restructuring of the Company's assets involving Aureus Mining Inc. ("Aureus Mining") pursuant to a statutory plan of arrangement (the "Arrangement") has received the requisite shareholder approval at the Company's special meeting of shareholders held today (the "Meeting"). The Arrangement was approved by 99.61 % of the shares voted at the Meeting.

Explain IO please!

cheers for the heads up guys

Thanks for that.Its whether the value transfers over to the 2 companies or whether the actual share price drops to reflect the the new companies.Yep got the bit about owning the same amount of shares in each company,but it will be exactly the same as owning all the shares in AAAM if the value halfs.

Would it be right in saying that when the company splits the value of it will be halfed.For instance if the share price was 300.00 on split we will than have XXX amount of shares in each company valued at 150.00.Is this correct?

Seriously happy with that statement from the Chief Exec.This has been an excellent investment.

Seems the market likes the news on the company splitting into two separate entities.

Good find mulledwine.I have been in this for 18 months and only recently have stared hitting a profit.

Very interesting.Maybe this is the reason for the steady rise.Good post Mindy123

This seems to be going in the right direction.Has there been any news?