Member Info for redbeast

You are correct. John M repeated in a recent interview remarks made at DAVOS 13 last year that AMA would consider selling BOH if right offer came along. Just posted on Mineweb. My turn to apologise. All very well but would we not be looking at a period of no production between Sega and Yourre. Money in the bank but no gold. So how would we resource another Samsung deal and so keep them onboard as a stragetic investor. All will be revealed in due course..

This was an interview some years ago and has no relevance to current prospects. Wasted space

AMA tipped in The Times newspaper today as the 'Tiddler to Watch' following yesterday's news.

Have read broker report that estimates that AMA will produce only 46,000 ounces this year compared with forecast of lower end of 50 - 60K ounces due to time lapse in leaching process of higher grade Sega oxide.. That will be 3 missed targets in a row! Also presentation at Investor Conference confirms Yaoure resource update and BOH optimisation for Q4 but Yaoure PEA now ' to follow at a later date' Missed targets and updates moving to the right again not good for market confidence and investment It is going to be a long uphill struggle. Still got my lifejacket at the ready.

We are done. All buying on average above 30p proceed to lifeboat stations immediately This is not an exercise. Got 500,000 shares but we are putting our lifejackets as violin ontinues to play Dark clouds gathering, Can see no way out at the moment Good swimming redbeast

Yourre resource upgrade, AMA podcast suggested could be of order 50% increase, Yourre Preliminary Economic Assessmentt (PEA), SEGA resource upgrade pushing life of mine beyond 21 months so that production continues until BOH on stream. The big one is BOH financing but at AGM they stated that as it will only take 6 months to build mine with production scheduled for H2 2015 finacing can be delayed until end 2014 when they hope economic climate (gold price) woulod be more favourable Jam tomorrow with a slither of risk if Sega does not overlap BOH