Member Info for Piltick

If good news about the licence is imminent, would it not make sense to wait until they can publish the news, then go for a placing on the back of (hopefully) a higher SP?

Best answer to that problem, stop using stop-losses! It's a feeding ground for the MMs, they will always drop the price to catch the stop-losses, at any level.

My mistake, I see that the previous forecast for 2015 was much better than 2014, but this still looks like an over-reaction.

Seems to me that this is an over-reaction. They haven't really announced anything we didn't know before, and the forecast for this year was already the same as last year, so nothing new there. But everyone seems to be nervous about anything to do with oil, so the slightest negative mention and down she goes.

Why have they wiped all of the previous postings? Are they running out of space on their hard drive?

I sent an email to the company enquiring about the lack of Trading Update, and received a reply from the CE to say that they hope to release the results for 31 March circa end May, together with a Trading Update. I'm hoping that there may be some good news in that lot!

Delisting doesn't mean that the company has been wound up or disappeared. It means it's no longer listed on the Stock Exchange. It is still a registered company. Let's bear in mind that an administrator is not appointed simply to wind up a company, they are there in effect to replace the BoD and if possible to manage the business and save it, to do whatever is in the best interest of the company and the shareholders. Winding up should be a last resort. Admittedly it doesn't look as if AML can be saved, from the info that we have been given, but it just might be possible for the administrators to pull a rabbit from the hat and do some kind of deal with SISG?

Thanks for that Robsky.

Don't worry splatted, you're not being discriminated against, they took down mine as well!

Last year TRAF released a Trading Update on 1st April, but this year we're approaching the middle of April and still no update. Anyone have any feelings about this, whether it could be good or bad news?

They will be sending us a full list in the next day or so.

4unme wrote: "Or you can post on discussthemarket.com" The good thing about the "discussthemarket.com" BB is that all of our historical postings on here has already been copied across there, automatically, so we can access our historical postings even when they are deleted from this lse BB. The "discussthemarket.com" BB is open for access by anyone, but if you want to post direct on there then you will have to register. But that is easy and straightforward.

Grant said: "Never going to happen SISG want this for themselves... Deal is done." And also, as I've said before, no-one will want to get involved in AML's 75% share because no-one will want to have SISG as 25% partners. That's why there will be only one bid, from SISG.

"Probably not the most honest thing to do, but we could always hijack another board. I.e. A share where there is no chat at all..." Yes, Willu, a BB like London Mining, for example?!

Begger: Our new BB is not discussthemarket.com, that's a different thing alltogether.. Discussthemarket.com is open to all, contains a full copy of all the postings that are on here, and will still be there after this one closes.

If anyone is concerned about this BB closing this coming week, remember that all of our historical postings are preserved on the discussthemarket.com BB. That one is open to view by anyone, but if you want to post on it then you need to register.

Yes begger, I think we can safely assume that.

The operating subsidiaries own the mining rights and the assets. These subsidiaries will survive if AML is wound up, because they will no longer be subsidiaries of AML, they will be wholly owned by SISG because SISG will have bought AML's 75% by forced auction. After that auction, AML has no involvement in these subsidiaries, so AML can vanish, without affecting the operation of the mine at all.

I don't believe that any other party will be interested in bidding for AML's 75% because no one in their right mind will want to be involved in an operation in SL with SISG as 25% partners. I am of the opinion that that's been the stumbling block all along, and that's why there was never any chance of AML getting anyone else to take a slice of the Tonkolili project as long as SISG were involved. And, SISG knew this, and used it to their advantage. Now as AML's 75% share in the operating companies is up for forced auction, SISG will be the only bidder, and with no "reserve" price, they can buy it for as little as they like. I believe that they will pay AML just enough for AML to pay their ordinary creditors because they (SISG) will want to the seen to be supporting the local SL community. I don't believe that they will pay any more than that, so that any banks, lenders, and shareholders will get nothing. IMO.

I'm concerned that all of the corruption and illegal manipulation may have taken place offshore in SL and therefore beyond the reach of the UK legal jurisdiction. Of course we can still go after FT, if he has any assets or money in the UK, which he may not. I have wondered for some time if FT may be in over his head here, perhaps he has been out-maneouvered and out-corrupted by the masters i.e. the Chinese and the SL Government.