Member Info for rickyroman

...if what is contained in the last email is true, then that is a staggering revelation. We were boxed in and effectively wiped out by a co-ordinated plan from our BOD, the very people who are vested with looking after the shareholders.....incredible. By now many regulatory and governmental bodies will have received our communications and I look forward to seeing a steady 'drip-feed' of replies, however mealy mouthed they are. Justine Greenings department must now be fully aware of what is going on as well as AIM and the LSE. I am going to repeat this because I am still in a state of bewilderment and anger.....we were wiped out because our BOD and Jefferies decided not to communicate an offer which would have saved African Minerals and its shareholders from financial oblivion.

...I think we all know that we could be on a 'hiding to nothing' here and out-manoeuvred by our opponents. They might have craftily positioned everything but the shell of AML outside UK jurisdiction, but until we hear from our legal team, this is purely speculation. We need a bit of luck and so far that has all gone to FT GOSL and the Chinese. Things can turn around though and I am convinced all is not lost.....yet !

...indictment of the destruction of AMI by the BOD, Chinese and GOSL. The plus side is that the whole story is now out in the open and will probably create more media interest now that Koroma is seen to be so heavily involved. The arrogance of Frank Timis and the rest of the board is almost beyond belief. Their attitude is simply one of 'screw the shareholders, we have our own agenda and nothing is getting our the way'. Once we have our legal team on board I will be fascinated to hear their opinions - ie. have the conspiritors done such a good job that they have covered every legal angle or have there been huge mistakes made in their single-minded quest for ownership and control of the assets......

...make that Greening, just a typo....

....I have just written to my MP, Edmund Davey and to Justine Green. As they are in adjacent constituencies I have pressed Davey to ask Green's department to investigate robustly what has happened, particularly in light of our aid during the Ebola crisis. More pressure for answers and a wider audience for our efforts. Frank Timis will no doubt now be aware of our shareholders Action Group and you can imagine him going 'pah, bunch of ******s, I've seen off Renaissance, I'm not worried about an action group'. BUT...Frank you stuffed us 'big time' and we are coming after you, however long it takes !!!

...I have just written a letter to Neville Khan demanding that his team's inquiry into what happened at African Minerals is as in depth and far reaching as possible, with no stone left un-turned. How it went from being a $6 billion company to being bust in just two years requires a full investigation. This whole story is gathering momentum and has all the constituent parts to grab media attention - ex-heroin dealer, greedy, manipulative Chinese partner and of course, the missing millions which disappeared into obscure accounts. I feel fairly certain Deloitte will do a good job, Frank wrapping up Marampa in another shady deal, probably did us a favour...did not show PWC the best light.

...will be tough as we head for de-listing. However, we have an Action Group with a plan and that is the key.This really is a David v Goliath scenario and no doubt FT and MH + SISG are laughing to themselves in self-congratulatory mirth....'how we shafted everyone...hahaha !!' We need a bit of luck, but all is not lost until our legal team tell us to walk away....onwards and upwards for now.....

...just picked up your email to Deloitte - absolutely fantastic, encapsulates everything that needs to be said to them but, more importantly, that we are a knowledgeable group of shareholders who have been defrauded of our asset by the combined efforts of SiSG, Frank Timis, the BoD and the GOSL.. I think we are all doing a very good job at highlighting why this company failed and with whom the 'buck stops'......

.. $10 million was allowed out of the HK account to pay salaries and taxes in Sierra Leone, so why wasn't the PXF payment of c. £17 million allowed to save the company. There was never any intention to save African Minerals and this must form the basis of our shareholder action. Quite simply: SISG did not allow the payment so that the company would default and SISG could acquire (steal) the company from right under the noses of the shareholders. How can it be construed in any other way that SISG set out to seize the assets by exploiting the incompetence / fraudulent actions of the BOD. Why did FT not borrow the money from one of his mates, like he did for Marampa. My opinion is they were they all in on the act...... and that includes the GOSL.

....should of course read £250 million PXF

.......you thought it sensible and prudent to risk the entire company valued at $6 billion if there was a failure by AMI to pay the £250 Pre-Export Facility.....the lenders to that facility could take the whole mine operation.....really ???....that does not sound very sensible to me. Are your banks, shareholders, bond holders and GOSL aware of this clause ???

...probably best for you to move on mate, you seem to be getting yourself in a bit of a downward spiral. Yes, its pretty grim, it looks like we have been well and truly stitched up, but that is what the Action Group is all about....what do you want to do...roll over and die and let the fraudsters win. Posting for you is pointless, so maybe log in occasionally and see what is happening....rest assured, we all feel your pain.....

...if he is advising SISG, then he is going to be the key architect of their strategy and may well have been instrumental in formulating the PXF facility which is so crippling for AMI. Putting the AM Eng facility into admin, no doubt 'knocks' a few creditors and had little value anyway as it was personnel based. The more I think about this, the more sceptical I become - the suspension, the flights and negotiations in Honk Kong, the use of the rail and logistics by Marampa, the PXF scam - I feel that FT, Shandong, GOSL et al were in this up to their necks and had only one outcome in mind.....hit the shareholders, bondholders, suppliers and Renaissance and then start again. On the face of it, they have won and maybe they will ultimately, but life is not always quite so straightforward and whilst Timis got away with it at Marampa, I have a hunch he might not be so lucky a second time.... Miguel Perry is the one I fear most.....I got absolutely hammered in the ENRC fiasco and guess who was advising the Oligarchs...

....wow and you are in for a few quid too.....I wrote letters to AIM Reg and FCA yesterday and will be writing to each of the duo at Deloitte over the weekend. Lord Snooty had a point about 'disbelief and shock' but this is such an outstanding case of fraud, inept BOD, corruption and conflict of interest, that if we can't win this in some shape or form, what hope is there for similar 'class actions' around the world. I just don't think this is over yet.....

...I am baffled by this now, African Minerals own 75% of TIO, most of ARPS, so what happens now. At least Deloitte are a serious Administrator. I am left feeling, how did it all come to this....and what about the auctiob process, does this continue...???

..I have just written letters to both the FCA and AIM Regulatory Body this morning, heading them as letters of complaint. This obliges them to reply. I am concerned that the emails may not be getting through to the correct persons and it is easy for them to dismiss, A 'recorded delivery' letter, is not so easy. I am getting increasingly frustrated by the AMI board and their lack of updates / communication and just want to reiterate my appreciation to Grant and his team for all their efforts - without them we would have to 'write-off' our investment for good. Final thought: is the auction a sham organised by the GOSL to cover themselves with a cloak of transparency for the international community......sort of covers their backs.....though still a complete sham.

....of any Administrators being appointed or of a new NOMAD. The absence of a NOMAD does not surprise me as this was all part of the BOD / SISG plan, knowing full well that African Minerals would be de-listed and out of the public eye. I would have thought that Administrators were a legal obligation for a PLC, but I am not 100% convinced an offer from SISG might not be forthcoming.....last minute deal to grab the company on the cheap.....the silence is deafening !!!

...thanks Cantremember2, that all sounds fine by me. Just a prompt on this BB when we need to log onto AMI to make the funds transfer. Thanks again everyone for their great efforts......

...just caught up with the news and very impressed with what the Team have achieved..really well done. Also delighted that we appear to have a female lawyer onside...got a lot of time for women in business and they usually are harder working and more diligent. There was not really any alternative to this stance / action...shareholders were merely 'cannon fodder' to FT, BOD, GOSL and Shandong....their greed was all encompassing. This is a David v Goliath scenario and we have to remain focused and hope that the wealth of information and action by all parties, leads to our counsel deciding we have a real case and one which can be WON ...!

...encouraging start that you have a reply....with our BOD, Frank Timis as chairman, a voracious ex-JV partner....dodgy payments, dodgy claims, ripped off shareholders and one big asset.....we have a great story. Ksasar......its Tonkolili.....lee lee.......hope your new venture goes well !!