african minerals appears to be upping its stake - possible takeover / offer?

50p coming sooooooooooooon!! 8-)

Spectacular!!!!!!!!!!!! As Ben james says. Cynic hope you didn`t sell out on the last little dip. 8-) 50p coming!!

no i didn't ..... i tried to buy some more the other day, but could not get at the price i wanted, but have enough

Couple of pence here and there isn`t gonna make much of a difference when its a pound +. Just waiting for another 5 grands worth of funds to free up this week, then another top up for me 8-)

What a fantastic stock, I'm up 41% this month alone, tiz in my Sipp.
50p next call?!!

Keeps on rising......looks like a mine, with early cash flow perhaps, and that always sends shares up....might jump not by one penny but in 5 to 10p a go if the steady rise continues...and it looks as if it will....

there's a danger that we (the lemmings) get totally carried away by the hype

Cynic, Once we get more jorc news, which isn`t to far away. It will all be fact not hype...... I personally think we could be looking at 1.00+ here at some stage. aimvho..dyor

yes, except that bao cannot afford to develop it, so they'll have to sell at least part of the biz in one guise or another ..... it must also be several years before production comes on stream

cynic do you mean this is a pie and gravy tomorrow share?

i really don't know ..... thanks to Number2 Son, i was in ..... i subsequently sold out (he didn't; silly boy not to bank any profits, as i told him) and later bought back

i am currently undecided what should be my next move - it won't be to buy more at this juncture

At approx 40p / share per 100mt FE in the ground (based on industry averages), the following is quite possible, based on drill results and RNS's to date. Based on the programme of works this year:

May, June, July - Massamba group Trend Jorc expected - 300mt
August - Tenge/ Ruoni, after yesterdays news - 300mt
October - Singore - 100mt

Thats an estimated Jorc'd resource of 700mt by October, or 2.80 / share before dilution.

That doesn't include the resource at Monte Muande or the other resources such as copper (drilling to be commenced in July), gold, coal phosphates etc.

excuse me for asking, but aren't goodies in the ground pretty much worthless until you get the damn stuff out?

cynic does that apply to the likes of RKH as well?

Cynic,

If they are worthless we are currently overvalued by 43p.

All other exploration co's are worth nowt also.

Stop being silly!

The valuation I gave above is based on the industry average for resource in the ground.

yes hali, that is what logic would dictate, but a "hope" element has a perceived value and yes, i do still hold RKH though not without misgivings

with regard to BAO, its rise has been exponential and it is also an MM only stock, albeit that there are perhaps a dozen of them ...... common sense tells me that (significant?) profit taking is far from unlikely, not least because we are now within a day or two of fiscal y/e ...... with that in mind, i have just banked a(nother) good profit, but retained a full (100%) holding at cost

PS - do you remember SOLG, a similar rocket of just a few months back?

timed that one wrong! ..... ah well, better profit banked than lost and still plenty in the portfolio

Cynic i know you took a profit which iam not knocking but O U C H ! ! ! I always think some shares are for trading and some are long term holds. And this is a long term hold imvho. I bet no2 son has a big smile on his face. gltu

he does he does and hope it stays that way for him ..... i don't really regret cashing in a some chips as was quite overweight .... as it is, i still have 100% stake at cost and that is showing a decent profit, so why should i complain? ...... just think, you could have been buying EOG!

Just had to take some profits here this morning.....might be a mistake....still hold some.....