African Minerals - AMI Stream Log

what's the latest news

Hello, is it too late to join the action group?

Cant wait for legal team to start!

AMI has definitely been taken off lse BB now.

well looks like we are off lse

Lordsnooty, you are right. Just because the company is in administration, it doesn't mean it has to be liquidated. Setting a new BOD and keeping the company running could be another alternative

4unme, that's pretty sweet. That should add weight into our case.

Also the stated value for London Mining's property, plant & equipment was usd 497 Mn and total obligations was usd 338.8 so it's no surprise that even creditors had to take a haircut during liquidation. In the case of AML total obligations (including payables) amount to usd 1 Bn and PP&E is valued at usd 2.4 Bn. So even at a fire sale I still think there should be something left for us

Has anyone tried to reach any of these investors to find out if they are taking any actions? I'm also wondering how China Railway Feels about getting their stake wiped out in the worst case scenario. Wouldn't surprise me if they became a potential bidder

M&G Investment management 12.05% (England), Capital Research Global Investment 6.93% (US), Northcroft Trading 6.54% (Switzerland), bangura 2.35% (UK), ING Investment 1.61% (Netherlands), Franklin Templeton 1.61% (Canada)