African Minerals Live Discussion

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4unme 16 Mar 2015

SISG, SL Gov and GB Watch out for your lives.

sheltie 16 Mar 2015

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?

liu 16 Mar 2015

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

liu 16 Mar 2015

Think Chinese will start april with mine and port ,

ckcl78 16 Mar 2015

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

4unme 16 Mar 2015

ckcl78 The goal is to get our investments back, we think we can do it.

ckcl78 16 Mar 2015

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.

4unme 16 Mar 2015

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

4unme 16 Mar 2015

ckcl78 We are taking legal action against, SISG, SL Gov and some AMI directors. Hope this helps.

ckcl78 16 Mar 2015

What are we exactly seeking for in this class action. Also forgive my ignorance on the subject but my understanding is that the company is going into administration, meaning that a third party should be appointed to either; try to manage the company back until it stays afloat or it liquidates all of its assets and use it's proceeds to repay back it's creditors first and foremost and then it's shareholders. Given that it's supposedly appointing an administrator my question is if a lawsuit should be brought at this stage.

zahids28 12 Mar 2015

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zahids28 12 Mar 2015

Iron ore could drop to 40 dollar temporaliry. To clean out high cost producer then back to 50-60.

zahids28 12 Mar 2015

Has anyone seen news regarding Roy Hill mine in Aus. It is expected to be running in 6 month with capacity of 55 Mpta. Funded by Gina Rinehart.

4unme 11 Mar 2015

Liu keep helping Now that you have my email address, keep sending info, and you know whom to send to. Thank you so much again Liu.

4unme 11 Mar 2015

Thank you Liu Liu, thank you for given us all the details of. We will nail all of them.

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