African Minerals - AMI Stream Log

oms008 , surely somebody there can clarify this email.

liu , how do you explain this?

Dear All, As many of you are aware, the shareholders of the Operating Entities (AML, Shandong Iron & Steel Group (SISG) and the Government of Sierra Leone) are in advanced discussions to secure additional funding for the Operating Entities, which, if successful, would enable the operations to resume in the near future. During this period and in order to ensure that we do not prejudice the outcome of those negotiations, we need to ensure that we manage the Operating Entities in accordance with the Companies’ by-laws and respect the decisions taken by the Companies’ board of directors. Following yesterday’s email from Alan Watling, I thought it necessary to clarify the delegations of authority that apply for the Operating Entities approved by the Operating Entities’ Board 1. All business related to the project companies should be decided by the project company board and not the AML board (Board decision 19 June 2014); 2. On 9 January 2015, the Boards also resolved to ‎proceed with the separation of the Operating Entities and AML to ensure that the Operating Entities could operate on a stand alone basis going forward. Following Alan Watling’s decision to resign from the Operating Entities’ Board on 10 December 2014, I have been appointed as acting CEO to help provide direction and support during this challenging period which I will do within the remit provided by the Boards. Therefore, any decisions, financial or otherwise, relating to the Operating Entities will be taken by myself and my team. I am hopeful that an agreement will be reached between our Shareholders in the near future and, subject to the relevant approvals being obtained, we will be able to secure the additional funding necessary to restart our operations and Phase 2 expansion. I hope the above clarifies the relevant delegations of authorities and I would like to take this opportunity to thank you all for your dedication, professionalism and support during this challenging period and I will keep you updated with regards to developments in due course. Should you have any questions, relating to the above, please feel free to contact Frank Timis (Chairman of the Board) or Kweku Lisk (Secretary to the Board). Kind regards

[email protected],,,, [email protected],,,[email protected] ,,,,,,,,,,,,,,,Dear All, As many of you are aware, the shareholders of the Operating Entities (AML, Shandong Iron & Steel Group (SISG) and the Government of Sierra Leone) are in advanced discussions to secure additional funding for the Operating Entities, which, if successful, would enable the operations to resume in the near future. During this period and in order to ensure that we do not prejudice the outcome of those negotiations, we need to ensure that we manage the Operating Entities in accordance with the Companies’ by-laws and respect the decisions taken by the Companies’ board of directors. Following yesterday’s email from Alan Watling, I thought it necessary to clarify the delegations of authority that apply for the Operating Entities approved by the Operating Entities’ Board 1. All business related to the project companies should be decided by the project company board and not the AML board (Board decision 19 June 2014); 2. On 9 January 2015, the Boards also resolved to ‎proceed with the separation of the Operating Entities and AML to ensure that the Operating Entities could operate on a stand alone basis going forward. Following Alan Watling’s decision to resign from the Operating Entities’ Board on 10 December 2014, I have been appointed as acting CEO to help provide direction and support during this challenging period which I will do within the remit provided by the Boards. Therefore, any decisions, financial or otherwise, relating to the Operating Entities will be taken by myself and my team. I am hopeful that an agreement will be reached between our Shareholders in the near future and, subject to the relevant approvals being obtained, we will be able to secure the additional funding necessary to restart our operations and Phase 2 expansion. I hope the above clarifies the relevant delegations of authorities and I would like to take this opportunity to thank you all for your dedication, professionalism and support during this challenging period and I will keep you updated with regards to developments in due course. Should you have any questions, relating to the above, please feel free to contact Frank Timis (Chairman of the Board) or Kweku Lisk (Secretary to the Board). Kind regards Gibril Bangura Executive Chairman SL/Acting CEO

AML, will start soon, it takes time for re-start mine , no problem with port (operating at the moment ) )

even when a deal is done it might still take another month to reopen on lse

i think it is a lot more important to have a good deal that creates value for us rather than a bad deal that means the market smashes us I can wait a long time

One of them refers to operations and one of them to finances.What is interesting is that they are both recent and clearly indicate movement of some type.With Alan it is due to costcutting and making sure the corruption stops and with Gibril I am not sure.I do not know how the operation works.But as alan is not in sl and Gibril is i think they need to separate the issues

why they should know, who cares, look seems like there is something between those 2 CEO, read last memo issued by Gibril , mow new one by Alan , what you think? fyi

people are not happy with what you are writing..but they say they donot want to stop you