4unme
27 Mar 2015
0244075333 If Chinese are taken over the mine it is quite likely that they will bring their own people from China for management job.
0244075333
27 Mar 2015
can some one tell me,is it possible that SISG will re-call all the employees back,including all the expart workers??
ckcl78
27 Mar 2015
If they have plans gain full control and delist the company, they will have do a tender offer to purchase our shares. Keep the faith gents!
ckcl78
27 Mar 2015
Bonds, if I'm not wrong the bonds issued for AMI were convertible bonds. They can only be converted to equity and if they don't plan to go that way then they have to wait in line before the main creditors to get their money back. If this rumor that SISG happens to be true, it just shows clear indication that they interest in gaining controlling stake on AMI but once again. It doesn't mean that our shares have been wiped out
ckcl78
27 Mar 2015
MY21, nicely said!
0244075333
25 Mar 2015
hmmmm....AML
ckcl78
25 Mar 2015
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
ckcl78
24 Mar 2015
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
zahids28
24 Mar 2015
Yahoo!
sheltie
23 Mar 2015
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.
Billy1
22 Mar 2015
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
sheltie
22 Mar 2015
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?
ckcl78
22 Mar 2015
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
ckcl78
19 Mar 2015
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
ckcl78
17 Mar 2015
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
