Member Info for Piltick

So it seems they deliberately defaulted to engineer this situation. If they had obtained written moratorium, then SISG wouldn't have been able to do this. So that, at best, is negligence.

Yep, well done, worth a try.

Timis in Offtake talks with Gerald Metals re Marampa IO Reuters dated 1st December, but I hadn't seen it before. http://www.reuters.com/article/2014/12/01/us-mining-sierra-leone-timis-aml-idUSKCN0JF2UD20141201

Whatever FT may have lost in his shares in AML, he may have gained even more in behind-the-scenes deals. And of course he's got Marampa. Now it will be very interesting to see if he is still able to ship IO from Marampa through the rail infrastructure and Pepel Port. We will know very shortly when we see what happens with the Gypsum Integrity which is currently berthed at one of the loading arms at Pepel.

PitchPutt: I too am at a loss to understand how SISG can take control of the entire mine with rail and port infrastructures, for a default of $166 million. I thought they would only be able to claim a % of the shares in these assets to cover the debt, but it seems not. I also wondered, like you, why FT couldn't raise that amount to save the company. Perhaps there were other deals going on behind the scenes that we don't know about - not yet anyway!

xtw: Perhaps you should discuss with Grant by private emails.

"So if the mine opens with SISG running things our shares could be safe?" Superman: Sadly, no. It seems that AML doesn't own any part of the mine any more, so if it re-opens then AML doesn't get any share of the profits. It all goes to SISG.

Yes we still hold our shares. SISG has just taken away the assets from AML, but AML still exists as a company, only it has nothing. Our shares are suspended. Hanging, in other words. By the neck!

oemail: Well, that is very interesting! It's all starting to make sense. I think!

If the media in SL are in lock-down, it has to be on the orders of someone in a high place. Do we know anyone in a high place? YES WE DO!!

I wonder if Bangura is still a director on any of the boards?

Well done m'lord. Perhaps you could raise the issue next time your in the Upper House?

Well done John! (And BTF of course!)

(I know I shouldn't!) We have been talking about the PXF debt being $166 million, but in fact the actual default was only for $17 million, wasn't it? So if that is the case, surely FT et al could have scraped up £17m to save handing over all of the assets to SISG? Makes it seem even more like a fiddle.

I've sent another email to aim investigations, updating them, and attaching a copy of the latest ShareProfits report (in pdf format.) I've copied it to my mp, and also to the sfo.

5.21% brilliant!

Did anyone else NOT get an email response back from aiminvestigations, or is it just me?

I recall someone on this BB, a few weeks ago I think, saying that FT wanted to put AML into admin but SISG was stopping him. Couldn't understand at the time how they could stop him doing that if he wanted to. Now we know. I can't remember who said that, it may have been Liu, who isn't responding any more. Strange.

Done that.

Agree!