OmniChart

AMI nomnom 21 Nov 2014

From Minesite First it was London Mining. Now it looks ominously like London’s neighbour in Sierra Leone African Minerals is also about to go to the wall.The simple cause for both collapses? Iron ore prices hit a five year low this week.Having said that, it’s not quite over for African Minerals. There is US$102 million in restricted cash that could be made available to the company by major Chinese shareholder Shandong, and there is also the lingering presence of the company’s founder Frank Timis, who has been known to be extremely creative when it comes to deal-making.Frank’s already bought up the old London Mining asset, and there was much interest at the time in the manner in which he did it. Not for African Minerals was London’s Marampa asset, once Frank had got hold of it.And now we know why, as if we hadn’t already guessed. African Minerals itself is teetering. So will Frank come to the rescue of African Minerals too? Hard to see how he can do this, especially since African Minerals itself states that it sees no alternative source of funding becoming available, and that structuring a new debt facility is not currently possible.But there are other ways. One highly intelligent industry watcher suggested to Minesite recently that nationalisation by the government of Sierra Leone might be followed by subsequent sale back to Frank.It’s an outlandish idea, but not one that’s completely in the realms of fantasy. After all, Frank’s known to be on very good terms with the government, and there may be some mutual interest there in keeping the Chinese from gaining complete control on the cheap.Because that’s what’s likely to happen if African Minerals stands any chance of getting Shandong to release the restricted cash, as broker SP Angel notes.“We see little reason for Shandong Iron & Steel to pay up for the Tonkolili asset since the restricted cash belongs to them”, said the broker in morning commentary on Friday. “They could in theory take over the whole company and then release their own cash to keep the mine going. The only reason for them not to do this is if they want the operational expertise of the current African Minerals team on the ground.”Investec struck an even more sombre tone. “This reads a lot like death throe convulsions for African Minerals”, it said.[link]

TMMG lambrini girl 21 Nov 2014

Re: tomorrow's results SELL..initial target 32p..

AMI rickyroman 21 Nov 2014

..heavyweight shareholders..... ....its easy to think that we are the only ones concerned with outcome here...but a large chunk of AMI is owned by Prudential, M&G, Capital Group, Blackrock and Northcroft. They have seen the value of their holdings tumble and will, I hope, play a key role in the outcome of this 'stand-of' between the board and SISG.

FLG oldjoe1 21 Nov 2014

Re: FLG Chart Breakout, very positive LOL yes only bought it this morning at 8.40am....derd jammy..........WOW.....skinny have you seen this after hours take over statement for FLG......talk about getting lucky........Aviva agrees to possible 5.6 bln stg deal to buy Friends Life21 Nov 2014 - 185Nov 21 (Reuters) – Insurer Aviva Plc said it had reached agreement on a possible deal to buy Friends Life Group Plc for 5.6 billion pounds ($8.8 billion) in stock.Under the terms of the possible offer, Aviva would offer Friends Life shareholders 0.74 shares for each Friends Life share. ...The deal indicates a value of about 398.9 pence per Friends Life share, a 15 percent premium to the stock's Friday close.Friends Life shareholders would also receive an amount in cash equal to any Friends Life final dividend for the 2014 financial year. (1 US dollar = 0.6388 British pound)(Reporting by Roshni Menon in Bangalore; Editing by Saumyadeb Chakrabarty) (([email protected]; within UK +44 20 7542 1810, outside UK +91 80 6749 1136; Reuters Messaging: [email protected]

LEK swooped 21 Nov 2014

Re: Just as stated..Up Up Up Well I first bought in on 29/08/13 at 37p and 35p, sold 37044 shares on 3/02/14 @ 70.51, back in again 17/03/14 @ 55 and sold 1/05/14 at @ 64, thus far the profits I've made on LEK have been fabulous and whether TA works or not, it certainly has for me thus far, imo I'm now going for round 3.

SMDR CharlieHarper 21 Nov 2014

Re: this aint over you really know nothing one4all Ophir energy are looking for a revenue stream so why would they buy one then sell it again?only offer on the table is Ophir's...115.9p"bula alone is owrth north of £2 per share"Your a goon of the highest order who knows nothing and understands even less...away and ramp yirsel intae a stupor mushroom boy.best of luck

LRE lambrini girl 21 Nov 2014

Re: Ex Div £5 target...

GBG lambrini girl 21 Nov 2014

Re: Sell off SELL initial target 107..

DCD longtermBLVR 21 Nov 2014

Re: "multi million dollar" order! and remember...Craven said in September they had 50 broadcaster collaborations, which may potentially lead to production deals!...even 5 like this one would be highly significant...ignoring follow up sales of Rights.by next year these should be turning into positive cashflows - DYOR

STOB InvestorBot 21 Nov 2014

Re: Stobart Biomass latest [link]

STOB InvestorBot 21 Nov 2014

Re: Stobart Biomass latest Stobart £110 million biomass construction project gets go ahead at Widness site. Should be a great long term investment for the Group and us shareholders. [link]

PTV sage in the hills 21 Nov 2014

This is what will happen .... sp will trickle back down ........ to sub 0.30It is waiting for consolidation of order, and firming there ... will then continue up to 1p +It will then slide back rapidly ..... until there is a consistent flood of new CONFIRMED orders With the" Int of Things", smart everything, and cr_p tv channels, this will happen.SAGE

FLG losingithandoverfist 21 Nov 2014

Re: FLG Chart Breakout, very positive not as much as the offer by aviva !!

GDG GiveMeTheFacts 21 Nov 2014

EDISON £36 NAV per share by 2020 New Edison report now available since funding made available.

LEK Max V 21 Nov 2014

Re: Just as stated..Up Up Up Not wanting to deny you your beliefs but I have never had it explained to me why I should believe in charts rather than events. I have this feeling that they might have worked for blue chips a few years ago but not with oil explorers in 2014.But to be fair, nothing else works for oil explorers in 2014 either. I pruned my portfolio savagely a few weeks ago but wish I had followed my heart in June or so and done it then. LEK is still in the portfolio though so I hope we all do well.