rickyroman
07 Dec 2014
,,,louie liu... ....you come across as one very disgruntled ex-employee........I guess you were fired...!
nomnom
04 Dec 2014
More AMI news in media Interview with AMI vice chairman[link]
rickyroman
03 Dec 2014
...4unme.....great post.. .....there seems to be a strong bond between the Sierra Leone government and AML with a 'can do attitude' which says 'we are all in this together and we will sort this together'. Good timing with a senior bod from the World Bank visiting SL too........
nomnom
03 Dec 2014
Cash at bank [link]
rickyroman
02 Dec 2014
...Navo...good statement.. ...strong, robust statement from Sierra Leone. I am content to put my faith in a satisfactory deal with SiSG and appreciate the continuing supprt of the SL government. There are so many 'knockers' out there, desperate in their own creepy way to usher in the demise of AMI with 'I told you so....aren't I so clever'. I think Frank Timis is a bit more formidable than most imagine and those in power in SL are happy to remain positive and supportive of him.... ..... as a shareholder with a hefty chunk of shares.....he has my support too.
rickyroman
01 Dec 2014
...okay, I can live with that... ....all these guys are doing a great job in the most arduous of circumstances with everything possible being stacked against them to make life even tougher....As for all the 'boneheads' on here saying THE END ....ADMIN....ITS ALL OVER.....and I include you John Henry in this lot.....you were like the witches in Macbeth....shame on you.We are down....but not out yet...bravo to the Board and all the staff at Tonkolili and Pepel.
rickyroman
01 Dec 2014
...thick or not ! ....can your friend tell me how much money AMI has in its bank account. Come on you lot, get a grip, most of you are like a bunch of kids running around in the playground........
rickyroman
30 Nov 2014
..the shorters dream scenario..... ....ebola at the mine was all they wanted and the price would have dropped to 2p. Suspension is the best route for us at the moment and we just have to hope all those people at Tonkolili get the support and medical assistance needed. It is important to note that ebola has been in the district since September.......no getting away from the fact that this is a desperate situation for one of the poorest nations on earth.
nomnom
29 Nov 2014
Good news? Well, well. AMI will be OK?[link]
zombynation
28 Nov 2014
This project will survive and be prosperous It is an open secret that the biggest private sector employer in the country, African Minerals Limited (AML) is in serious financial difficulties as far as the Tonkolili Iron Ore project is concerned.Pundits are even predicting an imminent collapse of the Tonkolili-Iron Ore Project.This is as a result of the refusal of china-based company Shandong Iron and Steel Group (which is having 25% stakes in the Tonkolili Iron-Ore project) to release some two hundred and eighty four million dollars for the sustainability of the project at a time when deadly Ebola and massive cut in international price of iron ore is ravaging the project.The project has been losing some thirty million dollars monthly for the past several months, thus resulting to the current unfortunate financial position of the project.This reality notwithstanding, it is clear falsity and incorrect insinuation to state that the Tonkolili Iron Ore project has deteriorated to a state of bankruptcy, when the Hong Kong account of the project can still boast of hundreds of millions of dollars.Evidently, African Minerals Limited (AML) which holds some seventy five percent (75%) stake in the Tonkolili Project, and Shandong Iron and Steel Group (SISG), owner of the remaining 25% stake, unanimously agreed in August of this year to release some two hundred and eighty four million dollars from the project’s Hong Kong account, so as to keep the project alive and running at a time like this.This agreement was widely publicized in UK and China newspapers and it was all good news for the Tonkolili Iron-Ore Project in particular and Sierra Leone as a whole.It therefore came as a surprise when news broke out lately that Shandong has refused to instruct the bank to release the funds even after AML has signed for the release.While the action of Shandong is being widely viewed as a deliberate attempt to undermine the project on a selfish agenda, the Chief Executive Officer (CEO) of Timis Corporation, Mr. Frank Timis is said to have vowed to keep the Tonkolili Iron-Ore project alive.Mr. Timis is reportedly exploring all possible avenues including using his business assets as collateral to secure some five hundred million dollars bailout for the project.This is not coming as a surprise to those who are familiar with the passion that Mr. Timis attaches to providing employment for Sierra Leoneans and boosting the country’s national economy.It is however sad that the Government of Sierra Leone, which has immensely benefitted from African Minerals Limited and the Tonkolili Project is seemingly not associating with the international businessman to salvage this looming catastrophe.The importance for the government to show appreciation to AML at a time like this cannot be overemphasized, as the collapse of this project will not only render thousands of Sierra Leoneans jobless but will even result to social unrest in the country.This unfortunate situation facing the Tonkolili project is definitely solvable, especially if Mr. Timis gets the required support from stakeholders, especially the Government of Sierra Leone.As all of this is happening, Timis is having sleepless nights strategizing to keep this project alive and shame detractors.
Rock on warringah
27 Nov 2014
Re: ...my hunch is SL govt... Show me the last IO company suspended this long that came back with the equity being worth anything.Not going to happen I'm afraid.
forwardloop
27 Nov 2014
Re: ...my hunch is SL govt... I do so hope that you are right.But experience tells me in investing in small caps that everyone is in it for themselves, and PIs are bottom of the heap.why do they need us now (& most institutions for that matter) if they can sort out funding somehow themselves, become de listed then reap all the benefits for years to come.A very glum FWD
rickyroman
27 Nov 2014
...my hunch is SL govt... ....I think that press release yesterday from the Ministry of Mines & Minerals was a warning shot across the bows of any 'would be pirates' hoping to nick AMI on the cheap.The combined mines of Tonk and Marampa must have a total workforce of more than three thousand + all the port and infrastructure jobs dependent on the project. The President and his ministers are going to look closely at this, the excellent track record of Frank Timis and all the other Chinese investors and with a little luck, commonsense will prevail.Don't forget we are going to be a very Low Cost producer and six to twelve months is nothing in a 60 year mine life.Its tough and I have virtually everything in this, but we need to keep optimistic and focused when all around are negative and writing us off......
Ripley94
26 Nov 2014
Re: ...Mona Liu sa... As i type why is this site showing today low 7.6 and high 17 up 53% ?when it is suspended.
rickyroman
25 Nov 2014
...Mona Liu sa... .....sorry mate........I'm out too
