Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Very odd if no fundraiser? Long game here is Wressle. I hold ujo, but have taken a large stake here too on todays drop. 99% confident approval will go thru, one way or the other!
Either a v.large sell order being filled, or placing!
I'm a big supporter of #onz too. Bought in to the story back at .50 to .70. Trick is to find these gems early, de risk into the rise to protect capital exposure. I'm confident the sp can double given a little patince. No need to ramp #onz, the story will take care of itself. Check my tweets, transparency all the way.
consolidation would be the obvious step IMO.
buys showing as sells. I've topped up here, think it will bounce on HH news. Sometimes this stock if off the radar compared to other HH companies. I think that is the case today. Buy op IMO.
Based on previous RNS re no reverse take over and no plan to implement one, sadly I guess it is safe to say, this investment is a write off. Anything else is a bonus!
AMA has failed since placing announcement, share price at the time 19.45p. I get so ****ed off when aim companies do placings with city institutions and shaft the private investors. I have a large investment in this company (not so large at the moment!) You invest your money on the basis of research and dd, but in aim, that means bugger all. The city get to buy on a placing @ massive discounts. Then they flip the shares, adding more downward pressure. Shame on you Amara for shafting your pi investors. You could learn a lot from companies like sound oil, offered an open offer, pi's invited. Offer price 4.75p, massive uptake, great for company and investors alike. Sound oil now trades @ 15.50. Take note AMA, respect all your investors, and they will stick with you, shaft them, and they sell. Will hold on Gold prospect, but unimpressed with management!
shareprophets, you can view all material in firefox without logging in, but subscription is free so join up? I have cut and paste for you. Good luck to all AMA holders, this is a top share, just need gold to hold up. ‘Now is the time to start talking about mergers and acquisitions,’ declares John McGloin, boss of West Africa-focused Amara Mining (AMA), as the company prepares for April’s pre-feasibility study on its flagship Yaoure gold project in Cote d’Ivoire. A former City broker, McGloin is naturally receptive to the idea of corporate deals at a time when share prices in the sector are notoriously depressed almost irrespective of the quality of companies’ assets and prospects. Shares in Amara itself have eroded from 55p when it was floated as Cluff Gold on AIM in 2005 to 16.37p now, down from a 12-month high of 25.12p, despite what the company argues are promising pointers from Yaoure, which it reckons contains at least 6.8 million oz. of gold, nearly two thirds of it in the relatively robust ‘indicated’ category. Yaoure’s grade is low, at an average of 1.4 grammes of gold per tonne of ore, though there are higher grade sections, but so, according to Amara, are likely all-in costs, expected to be slightly below $700 (£463.50p) an ounce, against a current price of $1,167.90c. The present estimate of the capital spending needed to take Yaoure into production in 2018 is $360 million (£238.5 million), against Amara’s stockmarket value of £68.3 million, but McGloin says this anticipated cost ‘is likely to go down.’ He notes the ore is proving ‘softer than expected’, while independent studies put likely recovery rates at more than 90%, ‘a little less than we had hoped,’ according to McGloin, but still respectable. The deVoss family controlling US health and beauty product distributor Amway holds 15% and US gold fund Franklin Templeton has 13% of Amara, which lost £31.5 million in 2013 after heavy impairment charges and provisions and another £2.6 million in the first half of 2014. But, says McGloin, it is ‘fully funded’ for a bankable feasibility study on Yaoure by the end of this year, having raised £14.6 million at 16p in January in a placing supported by specialist investor Tembo Capital, which now holds nearly 10%. McGloin suggests Amara is ‘studying whether it is possible to bring the higher-grade ore up front’ at Yaoure, to enhance initial returns, arguing the soft ore will allow single-stage crushing and other cost savings. In June, the company will start to negotiate with the government for exploitation and other permits -- in the process ceding 10% of the project to the state -- ahead of elections in September, which the company argues should not upset things in mining-friendly Cote d’Ivoire. Elsewhere, Amara, which has finished production at Kalsaka in Burkina Faso amid
You would hope his track record on the NN is better, especially for the annual fee. Too much for me, for that price you need to trust the share picker implicitly, and go into the shares in a big way. I'm afraid I lack that confidence in Tom! My own track record is around 11% a year, (apart from last years oil losses -4%), so I'd rather back my own instincts. Will be interesting to see his next pick tomorrow, although I won't be investing, as I've gone big on some short term recovery plays this week. NMG,PFP,UJO all look interesting, (as always, research before investing!)
He took some punishment on Hotstockrockets for that call. I only joined HSR to view his performance as a stock picker. Apart from a couple of good calls, his record is dismal, I'm being generous! I just found calling INC a sell @ 0.069 naive and somewhat hard to reason. The reason he has not update shareprophets, is probably evidence of his rash call, which maybe he wants to forget? I have kindly reminded him of it however, @ http://www.shareprophets.com/views/10554/insetco-delay-loan-conversion-and-share-price. Will he reply?
love your optimism on INC, I hope you are right! I see this share @ 0.15 fair value now, @0.2 with news flow, 0.08 without. I'm holding. I don't know if you are members of HSR, I have been very vocal against TW. The muppet called these a buy @ 0.17, told people to top up @ 0.10, then changed his mind completely and said sell @ 0.069! I hope nobody did, this guy has lost the plot here, and a lot of people's money! The management team have a decent record, on aim this is crucial.