African Minerals Forum

anon if people are willing to give you their shares at under 40p you did the right thing to take them

I don’t know how much longer we are going to see these shares at give away prices. There was a lot of hype about ebola, which basically started the day a lady died at Gatwick getting off a plane from Sierra Leone. It later turned out that lady did not even have ebola. Then the press sensationalizes some story where an unnamed person with a big axe to grind makes an irresponsible affidavit; and everyone just soaks that up and just assumes the head of the company is a liar and a thief even though there is nothing tangible to actually base that on. And of course amid all that buzz there were also 2 “real” issues: (1) the ability to survive as a going concern which was actually covered in the 2013 annual report (note 3 p 63) and (2) the low price of iron ore. Now with the necessary cash secured and corporate survival no longer in doubt, all that remains is the iron ore spot pricing. And even at today’s low iron ore price these shares have got to be worth at least £2.00.

I feel your pain guys

I have a theory that tewoo have agreed a price with African Minerals as to the price they want to buy it will keep dropping until that price is reach and that will be

anon3 very sorry for your loss lessons learned

Anyone holding these share need to look at these falling more I should have got out in September

Short sellers should be investigated HMRC and to the tax paid and also should carry an extra tax paid

I would look at all aspects before you buy caution is the name of the game with these shares

I decided to sell there falling a steady 2% it will not be long before they are £1

Could be another QPP playing and shorting