Member Info for oldstockbroker

NAV will be interesting to monitor. I will have to change my model as they are paying out as well as buying back in. Been OK on the NAV estimate so far, but will need to have a re-look, although net result will be the same I think. Not sure of the Tax implications re Capital Gains and dividend. Looking at activity in Macau I am looking for a further 20% growth in NAV, and with buy back in place should see a further 25% growth over next 12 months.

A rather facile comment. Part time chartist are of no value. Suggest you look at the facts. Enough have been posted about the reality of AMA. I could post about charts but would bore you to tears, a fairly complex subject and nothing to do with a Stock that is going through change and are mainly used by Fund managers trying to beat the index-which they normally fail to do. Let us just focus on the developents at AMA and would welcome some serious input.

I gather from Amara that they believe the Samsung partnership will continue. Samsung have expressed their interest in continuing to work with AMA either for the development of Baomahun or Yaoure. Once AMA are in a position to start construction of one of those projects, it is likely that formal meetings with them about putting another debt facility in will take place . The purpose of the current US$20m facility was always as a ‘test run’ for a larger facility to enable AMA to build their next mine. If this happens I have faith that the management will negotiate satisfactory terms with regard to the return on Investment for such a project, and Katharine says the terms are likely to be very similar to the current facility.

I took the B share dividend. Seemed a good idea at the time and just had to click a box in my account. Maybe I missed something. I did not read that thoroughly to be honest. Just thought B shares would not be traded and value same. Nice to get a bit back, although I am very happy with this holding and will continue to monitor NAV.

Good question re Samsung-I will ask Katharine. My view is I will support issue as Cash going into company and I have total faith. See no reason why share price should fall-AMA has had a large P.I share base historically and guess some are concerned. But I think we are seeing a change with a good institutional base being developed. I assume(have no knowledge)that the road show last week went well, and it seems the new Broker's are doing a good job. Long term I have a feeling that key investors see the value and if AMA cannot deliver for whatever reason the natural will occur-a Takeover-most brokers seem to have a value of around 40p currently, but this will go up as full reserves emerge. In my opinion. But I hasten to say I did ask the question and AMA have had no approach for a couple of years.

The shares were bought by an institutional investor, which is great news as it means the market no longer has to worry that Orezone will sell their shares without a buyer and damage the share price. I gather Orezone have their own cash requirement for their developments, so suits all. Van Eck are not doing this with-out decent reasearch, and the price was good in my opinion compared to the risk of trying to buy in the open market. The Loss reflects a write down, not cash movement, so the Cash movement will reflect the Samsung loan repayment. Post the placing and Open Offer AMA have now a good potential of delivering some serious returns to shareholders-on a five year view I would expect dividends to start being paid. Short term the level of institutional support at last is encouraging and more Broker's seem to be taking an interest.

I think just consider why people invest-to help create wealth. Of course you can just trade. Markets are not manipulated as I am sure as you all know they are overseen by the LSE and such a comment should be referred to them so they can investigate. Pedro666 -OreeZone were always a seller-an institution purchased them. You will realise how they came by the shares-Sega. Amara is a decent and well managed company and in my opionion are doing the correct thing re-financing and obviously have Institutional support now at a good price. I would whinge if this placement had been done at a 30% discount , but it was not and we should be pleased. I admit I purchased at a low price compared to others, but seen my stake double and then fall. I am still holding and will take up offer to support future developments-i.e give the company some cash, not just buy and sell second hand shares. I think it unlikely we will see the shares move down as placement has been completed as I understand. But do your own research and if you want to contact Katharine at the company. Katharine.Sutton@amaramining.com.

The point is we are being offered new shares-not 2nd hand shares. I.E we are investing cash to help the business develop it's undervalued assets(in share price terms). We are not being diluted-the Cash is going into the balance sheet. Looks like at last some good institutional support coming in, which can only be good. Anyway I will take up what ever I am offered and will watch with interest as this company develops the huge potential it has for the future. But I am investing for long term, not looking to trade.

Looks good news-I thought this might happen and glad we can all participate. Better than some other alternatives.

This is one of my key holdings. Company is buying back, distributing income- a no brainer for me. Nice earner over the next three years.

Shares were placed with an Institution. We knew they would be sold and I suspect we will now see increased interest from Funds.

New York-based hedge fund Libra Advisors will close its doors to outside investors, the latest firm to choose life as a family office over dealing with new regulatory headaches and the vicissitudes of investors.

Pretty sure that is the end of them. I will check but does take time. I will email now.

Looks like this morning was the seller fund closing out their position. As stated they are selling a s reducing fund size dramatically.

No idea-probably just an adjustment. All changed from my days we used bits of paper !! But could be any thing, but not a code-which some forums believe in-total fiction.

I think you should just accept this board is a bit more focussed. SOLG board is just a load of rubbish on the whole(I do have a tiny holding). AMA is a good company with great assets-you will have seen my comments after a meeting with the company. We did have a bit of flurry 9 months ago, but thankfully has died down.. I am sure that we will see some more positive news over the next 9 months and am happy with the way the Company is progressing, as a long term investor.

Email Katharine at Amara -Katharine.Sutton@amaramining.com. It is a very interseting gold play in my opinion.

Having looked at the figures and future potential, I think AMA should look at a placing with institutions with P.I's given the option to be involved on similiar terms. This will allow us to participate in this exciting future growth of the company and take away the Fund who might lend the cash and take an option, which would dilute us. As stated I have been toldthey would not exclude the P.I if this was the route they followed. Be interested to hear fellow shareholder's views on this-the one's in for the medium term rather than the traders.

Hi- if you have concerns contact Katharine-she has OK'd for me to publish her email address. Katharine.Sutton@amaramining.com. That applies to anyone who has any questions.

I put £-the company reports in US$. The cash position was US$20m at the end of December 2013 as reported. All figures are quoted in US dollars, as is typical for mining companies. it’s likely AMA would end 2014 with approximately US$5m after paying off the remaining Samsung debt, if they didn’t do any drilling at Yaoure.