LSELondon South East
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LOND The buzz
28 Nov 2014
Another Mistake was made by LOND I heard a rumour that LOND was offered access to African minerals railway and shipping route for their iron ore. It was a much cheaper route than road hauling, barging and transport by small vessels. LOND made the mistake of doing their own thing and having to borrow lots of money to fund it.The B
LAM Topalov
28 Nov 2014
Re: Nomura maint 200p tgt Large drop in price of crude I would guess
PIL winningstreak
28 Nov 2014
Re: Cheap... Now at 200p, how much cheaper do the shares need to get before folks can see the bargain value here? I hold enough for my balanced portfolio and would not normally buy more, but now tempted to top up...Or has someone knowledge of bad news on the horizon? If so, pleaselet us know.ws
AVV Hardboy
28 Nov 2014
Re: Fall today I'm guessing as a lot of their business is in the oil industry & yesterday's OPEC meeting ended with members disagreeing to do nothing, the oil price has been falling and share prices of all businesses associated with the oil industry seem to have been coming down in sympathy.
MBH smilingmickey1
28 Nov 2014
Energy cost savings My understanding is that a high proportion of brick making cost is energy. Michelmersh should be getting the benefit of lower operating cost to improve it's bottom line.
AGM sage in the hills
28 Nov 2014
Re: Too ..... something .... Funnily enough Wiz-bang, i used to hold SSL ... the makers of Durex , ..... they got bought out ... ....... made a packet of 3 on those ....SAGE
WRN vivat
28 Nov 2014
This suspension is way out of order in my view. Shorly means within a couple of days not over a week. If this does not come out of suspension by Monday the BOD have lost considerable credibility. The last RNS was totally misleading and this week has been stressful to a lot of PI's who are holding but cannot sell or buy. This had better be good Doug and you had better deliver the goods. We do not want another QPP disaster but I am quietly confident
MSMN M33 Investor
28 Nov 2014
MSMN AGM fun and games I see all resolutions were passed but note only just over a million votes were in favour of the share incentive package, which was dwarfed by the 12m abstentions.Put another way, around 89m shareholders did not vote / support the package so should the company be able to implement these bonuses?[link] what Uncle Tom would make of it?
AMI 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.
GRL cartonet
28 Nov 2014
SARAMA RESOURCES SWA in Canada, is a much better buy. [link] RESOURCES Cash on hand: 2.7 M GBP Market Cap: 2.67M GBP (!!!!!)GOLDSTONE RESOURCES. Cash on hand: aprox 1M GBP. Market Cap: 11M GBPBut that is not all....... it gets much better: Sarama just did a big deal with ACACIA MINING (FORMERLY AFRICAN BARRICK GOLD) to fund an exploration program up to 14M in 4 years !!![link] further links and stuff to read:[link] Dinning's Sarama Resources Ltd. (SWA) edged up two cents to six cents on 2.79 million shares. The company has attracted a big-name joint venturer to its South Hounde project in Burkina Faso. Acacia Mining PLC, which was known as African Barrick Gold until today, plans to earn 70 per cent of South Hounde, in exchange for $1-million now, and $14-million worth of exploration over the next four years. This is Sarama's second South Hounde joint venturer in as many months. Four weeks ago, it combined one of its South Hounde targets with Savary Gold Corp.'s (SCA: $0.025) similarly named Hounde South project. That JV is in promotable territory, sitting just south of Endeavour Mining Corp.'s (EDV: $0.50) Hounde project, where Endeavour is planning a $315-million gold mine. Acacia already has an interest there through a 2-per-cent NSR royalty on future production. With the majority of Sarama's South Hounde taken care of, Sarama has $6-million in working capital to explore at its Savary JV or at its other gold properties. It has one in Mali and three in Liberia. Sarama is exploring next to Aureus Mining Inc. (AUE: $0.32), and like Aureus, it too has strict Ebola protocols.Today Acacia's chief executive officer, Brad Gordon, said the new name comes from the African acacia, a hardy tree that thrives in difficult environments. Mr. Gordon has already proven that he can thrive in a difficult environment. When African Barrick (64 per cent owned by Barrick Gold) recruited him in August, 2013, the stock was trading at 110 British pence, down from 600 pence in 2011. Mr. Gordon embarked on a $100-million cost-cutting mission, firing hundreds of workers at the company's three gold mines in Tanzania. The villagers surrounding the North Mara mine were the most displeased and to express their displeasure 2,000 of them armed with machetes, stones and hammers tried to scale the mine's three-metre concrete fence this past January. The police were called and one rioter was killed. Mr. Gordon has not cut any community spending; African Barrick spent $11-million on North Mara community projects last year, and it has retained each one of its 50 community counselors. Despite the local difficulties, Mr. Gordon managed to boost Acacia's stock up to 265 pence, as the price of gold was falling. He has also managed to bring all-in cash costs down by $500 an ounce to $1,015. He aims to reach $900 an ounce next year. This is not his only plan for 2015. Since October, he has been looking for a new big deal in Africa. (Presumably, it is not today's joint venture with little Sarama.) Acacia has around $500-million in working capital, and Mr. Gordon has his sights set on a fourth gold mine saying, "If you're looking for producing assets, they've never been cheaper."
PLE medik
28 Nov 2014
Re: Possible reason for sudden increase Why I thought, IMHO, Monday could be interesting? SP seemed sensitive to the timing of the coverage. Very soon after the article, just before close, the price started to climb. Tried to buy and got a quote for 7.4. Will be interesting to see if there is any further news over the weekend. Just speculation, but it could be that the roadshow is finally resulting in some positive PR coverage which could lead to new investors?
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