African Minerals Forum

MY21, nicely said!

hmmmm....AML

Grant, they are still our shares and they'd likely be traded over the counter. SISG can't take over our ownership just by delisting

I think some people are being overly pessimistic. SGIS getting claim on AIM's asset valued at their usd 200 Mn would raised eyebrows everywhere. Do not forget that major reputable funds such as BlackRock also have positions in AIM

Yahoo!

Billy1 - Do you have any further info that you could give us regarding overpriced contracts that may have been awarded to contractors? If needs-be, I can provide you with a private email address it you don't want to discuss it here.

I have read through all this discussions and I feel for every stakeholder, involved, everybody was misled by Management from day one I saw people with open cheque books appointing left right and centre appoint contractors to the the cost of million of dollars to bravo plant what a disaster to see the money going down the drain people put on garden leave since November 2014, they are still on garden leave with full pay others terminated how did they get to that surely we won't know for they are silent, don't answer back, we are up against the mafia, we workers are left jobless to to the lack of competency of management

I would have thought that before that can happen, there needs to be a court hearing or arbitration to decide how much of AML's 75% has to be passed to SISG to cover the debt of $167M. Whatever is left for AML after that would surely be open to offers?

I get the feeling SISG will end up going for a tender offer. They are fighting to avoid liquidation which means they want to keep the mine. The only way they can get the entire mine is that they do a tender. There's no other way they can take our shares

I agree, with iron ore prices at this new low perhaps it wouldn't be best to liquidate all assets at this point... A fire sale just like the one from londong mining would wipe out all equity and even force lenders into a debt haircut