African Minerals - AMI Stream Log

20?

rshah 16:32 Meetings Should be all over now. Let's see what they say in next RNS. Considering this trip for two sets of BOD must have cost over 100k ( business class tickets and nice hotels for up to 20 people) I think this is it. If they drew a blank in these meetings it's all over. Hopefully they did some sort of deal.

well , that kind of lifestyle BOD like , why not? do they spent own money? don't think so , from HK then is short way to Australia where mostly of them housing

That was 7010 shares, I mean.

Shares of African Minerals are currently being traded on OTC Pink although infrequently. The last trade there was Dec 3 when I bought 7100 shares at 0.0975 USD per. Hasn't been any offered below 0.185 USD since.

BTFATH1 ..... how you know workers are paid until December?

The iron ore price reached a fresh five-and-half-year low on Wednesday after surprisingly weak imports by top consumer China. The CFR 62% Fe 2% Al benchmark import price at the port of Qingdao tracked by The SteelIndex declined 20c to $69.10 a tonne, the lowest since June 1, 2009. The price of the steelmaking raw material is down just under 50% since the start of the year. Fears of a deteriorating outlook for China, buyer of nearly 70% of the world's seaborne cargoes, intensified after customs data showed a 15% plunge in November iron ore imports to 67.4 million tonnes. Year-on-year the decline was 13.4% and it was the first first November decline in the country's imports of the steelmaking raw material since 1998. The only other time November imports fell since records began was in 1996, according to Bloomberg. Another indication of declining demand was evidenced by shipping rates for iron ore carriers, which fell to the lowest level since January 2009. The once obscure Baltic Dry Shipping Index came to prominence at the start of the Chinese-led commodity supercycle around a decade ago. The London-based Baltic Exchange tracks the cost of moving commodities along more than 50 routes around the world and the index is down 63% year to date. Iron ore represents over 20% of the global dry bulk trade and freight rates for so-called Capesize ships which are the dominant vessels for the world's 1.3 billion tonnes seaborne iron ore trade, fell to $5,394 a day on Wednesday. Capesize vessels can haul roughly 160,000–180,000 tonnes and daily rates topped out at an eye-watering $234,000 per day in June 2008. 0 Co

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AMI with watling , and others , won't survive so long .even Shandong lum 3 billion dollars , look what they did wit company , and shares?> £4 p.e remmber

AMI , overpaid local staff, one of the reason , can't lower production cost