zahids28
26 Feb 2015
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email [email protected] to buy additional rights. [link] But while the west African country has yet to get the all-clear from the World Health Organisation — it needs to be Ebola free for sixty days — this week government ministers and a string of Sierra Leonean business leaders called for fresh investment to restart the battered economy.
zahids28
26 Feb 2015
News from SL (Yahoo); US military is now scaling down Ebola operations in Liberia / SL as the severity is now declining and this could result in re-investment into the area.
yelol
25 Feb 2015
I might add, I'm not a UK citizen (and don't live in the UK either), so I cannot participate in any MP mailings...
yelol
25 Feb 2015
I guess I own about 5000 shares (I have to check). Does not add much, sorry guys... I should be able to get an exact number by tomorrow and could then mail the info.
zahids28
22 Feb 2015
This mine truly has potential to be world class mine and I do not think chinese would want to see this end up in hands of westeners at a fraction of a price. Esp since it has been them who have provided all onitial capital to get this thing to the state that it is in now.
zahids28
22 Feb 2015
But what happens now? If the mine is put into admin there is a huge risk that so much effort of 4 years of work might be sold in admin for peanuts. I do not think SISg will eant this so a funding solution either by them or 3rd party could be just round corner. If AMI falls into admin FT will lose his stake and access to railway which he needs for Lond. But there will be another huge risk for him. 3rd parties may outbid him for the sale of the mine in admin which is practically set to run at ultra cost low value and at 25 Mpta pa.
zahids28
22 Feb 2015
... thus putting the mine into C&M.
zahids28
22 Feb 2015
From reading the RNS on 16th and previos ones it looks like AMI were on track for setting a record. I think funds must have been used to upscale the mine to 25Mpta which was mentioned. This upscale was part of phase 2. However, it now looks like pretty certain the chinese are clearly not happy about something. Perhaps the risk of ebola entering the camp also proved a risk
liu
17 Feb 2015
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email [email protected] to buy additional rights. [link] Man of iron Corporate announcements tend to be drier than the Hebrides once were on the Sabbath. African Minerals has therefore challenged the conventions of the genre with a notice that is freighted with emotion. This depicts chief executive Alan Watling as a good man in Africa, battling bad weather and the Ebola outbreak at a Sierra Leonean mine to meet targets and keep staff healthy. Unusually, given that he has resigned, Mr Watling supplies a quote. Here he thanks executive chairman Frank Timis and praises “tens of thousands of decent, hard working people†for beating “overwhelming oddsâ€. But this is no ordinary resignation. Mr Watling has quit because the mine has been mothballed following a slump in ore prices. The Aim-quoted business lacks the funds needed to resume production. Its shares have been suspended. African Minerals had hoped Shandong Iron and Steel would agree to inject funds. So far, the Chinese group has declined. It is hard to know who else Mr Watling might have in mind when he says he has “lost the respect of — and for — our partnersâ€. Companies generally avoid barbs against collaborators who might support them financially. It smacks of a recklessness born of desperation that African Minerals has done so. [email protected]
liu
16 Feb 2015
Yuen Low, analyst at Shore Capital, described Mr Watling’s resignation and the decision not to replace him as “as an ominous signâ€.
liu
16 Feb 2015
said , Gibril Bangura , boss , owner , deal with Chinese , keep locals employed , (only locals )
happygilmore
16 Feb 2015
The DSO was never taken advantage of because I'd the metallurgy and that is why they failed.
