Member Info for Renegade

Thats the point, who is buying and has been over the last week or so? I know for a FACT that some trades are mistakenly being reported as sells when they are buys. I can only assume that the smaller PI's are still picking up the mantle in the hope that this is still a risky yet reasonable investment. All blue today further proves my point.

On balance, going with NC may be our best opportunity for years. 10%, yes I'd take that if the future is secure and we do start to mine and make a profit. For me, it is likely that we will get bought out but at a far higher SP than we are today. Offers may have already been tabled and if so, it would partly explain why the II's have been so tight lipped and not dipped further into their pockets to bail out the company. Salkeld? Not so sure on this one. I half expected a further RNS to read that some II's had increased their holding. Without this or further BOD commitment, we can only assume that neither would want to throw good money after bad.

don't you not think that there have been choice words spoken between the past/current BOD and major shareholders? Company losses would have been a great place to start any meeting. Indeed, to be a fly on that wall would have been very interesting indeed. As you are aware, we are not privy to the internal workings of this company. Believe nothing you read unless its in a formal RNS. Even then I still have my doubts on some. As I have previously stated, this may be just ruse to flush out other potential partners? Should we go forward with NC, best case is that we find a potential backer and are bought out for the 10% we still own. It is likely that no potential backer (major) would want a small investment company as a thorn in their side. Meanwhile, why don't you ask yourself, who is still buying cheap AFE shares now that that the pump and dump brigade have gone? In the short term, the BOD need to drastically cut our running cost and preserve cash where they can. The next 6 months is crutial.

And now, With a vastly reduced company, we will only require the minimum number of Directors who warrant the minimum salary and minimum share option schemes for the minimum amount of work that they will now be achieving. Needless to say that they could now operate from a one bedroom flat in Peckham with no leckie or water connected. LOL.

In my book its always good have a bit of banter, it brings out alternative views and the best in people. Slander etc are reserved for other BB's. Mining Consultancy - I like that. Lets call it the Dutwa MC! Nickel production at less than $3.5lb is again AFE's marker. If we fail to profit on this and go to the wall, then so will many other miners. $600M is a likely show stopper (unless you are Chinese of course). Completing the BFS is NC's first priority. SP is likely to increase on completion of the BFS or further JV/TO. Will the £600K be enough to keep on trading? Who knows. We shall soon see.

Agreed. The best option now is for a potential TO/JV partner (after NC has had his cut ) to offer to buy out our 10%. When will this be? Sooner rather than later I hope.

a. Whats is in it for NC? b. Is NC a middleman? c. Has NC already identified a buyer/partner but would not declare it to AFE? d. Is all this linked to the AFE visits to Asia? e. Is all this related to the TO open office that AFE created? f. Why did Trevor Leave? g. Why are the major II's still here? h. Why did Salkeld buy in? i. Is this a TO by stealth? j. Does NC have access to $600M? Answers on a postcard please!

Yep, but still we retain 10%. FWIW, I fail to see the II's stratergy and what they get out of this. The IFC (and others) did not enter AFE to loose £5M ish? It makes no sense at all.

Spellings. 3/10. Must try hardder!

Or is this whole thing just a ruse to gain more time to flush out another potential TO/JV partner. The flag is now firmly in the ground. NC has offered 10%. The big question is, will anyone pick up the flag and offer more? Remember, nothing has been sighned yet and the II's are still here! Why?

Do you think that NC's involvement is why Trevor Moss left? Any thoughts? Co-incidentally, your thoughts on NC selling Dutwa fall inline with my own. He may be the person whon has the contacts to do so which our BOD have so far been unable to achieve. Any port in a storm would seem to be the key right now. Mid/long term, NC is likely to make a small fortune as the middle man. 10% of Nickel in the ground for the small PI is still an awfull lot of money though. Backed by the BOD and major II's who stand to loose a packet! Realistically I ask myself, would I have been content with this offer 2 years ago? You decide? Sooner the mining starts the better.

Not made the Top Risers tab yet. Lol.

Halifax Share Dealing NOW showing SP as 0.133p. Strange?

Halifax Share Dealing showing SP as 0.175p.

Did say thanks on the thread but this has been omitted?

Thanks for that. Very interesting indeed. Mogo, any thoughts?

I doubt you could buy this for £0.87M. Any sniff of a TO and the SP will surge forward. This suggests that the MM's are firmly in control now. Effectively forcing the BoD's hand. And still...................., no plan to go forward (FACT). Obviously, the BoD are not worried on the SP performance thus far. Lol. Very, very loud.

Whats the odds that someone like Salkeld Investments Ltd is picking up more of these on the cheap.

Mogo, Nope., Just a dummy to test the strength of feeling.

Offered 0.1445p for 100,000 shares through the Halifax.