African Minerals Forum

millsm, that's exactly what I'm trying to figure here. Has it been announced officially that they have taken over our shares? The only way I can see this happening is that they liquidate all assets and SIGS buys them (which means that shareholders would have to get paid USD 1.3 Bn) or they would have start operations and do a tender offer to buy our shares (for which we should all agree to tender at a fair value). Otherwise, I don't see how they could have a claim on our stake on the company

Watch out for your lives.

Good to hear from you again Liu. Are you able to find out what IO is being shipped out from Pepel at the moment , is it from Marampa?

as Gibril Bangura announced, Only 2 flags left in Pepel , Sierra Leone and China ,

Think Chinese will start april with mine and port ,

Superman, by looking at the statements AIM's assets were worth above USD 2 Bn and debt was above USD 700 Mn. Considering the sluggish prices on iron ore, I'm sure those assets could not be sold at the stated value. However, if the administrators were to do an open bidding for the assets; we should be able to maximize the value of our shares. What I'm very worried about is that the liquidation takes place with close doors and the assets get sold at pennies for the dollar. In this case, I'd more than happy to go on full legal battle

The goal is to get our investments back, we think we can do it.

4unme, I'm absolutely not in favor of AIM's BOD and much less on SISG. It's quite evident that SISG is seeking to obtain the assets for pennies on the dollar. I've myself placed a good portion of my savings on this company on the hopes that it would be going concern with its management and BOD doing the right thing but that clearly wasn't the case (Timis' acquisition of London mines' assets made it quite clear). All I was trying to figure was to find out more about the goal of this lawsuit since I'm new to this forum.

We have enough proof to bring them down. If you are friendly with SISG, tell them to give us a fair value per share.

We are taking legal action against, SISG, SL Gov and some AMI directors. Hope this helps.