heading to 5quid by sep and 10quid within the year

next big riser today after lond ;

Hi Gibby,
Have posted the above charts.

I bought in on Friday... do you still think this could be the next big riser ? and if yes, why so ?

cheers skyhigh - some brief reasons below - wouldnt expect this to remain under 20p for much longer at all:

Nearly 3 billion is assets
300 million in cash
Back to profit end of the year
60 year mine life
Lowering production costs hugely
Increasing production
Big stake from shandong
Excellent infrastructure railway and shipping


Iron ore price rising as expected / chinese demand rebounding http://www.theaustralian.com.au/business/markets/iron-ore-price-jumps-4pc-to-us8310-a-tonne/story-e6frg916-1227089575360?nk=e9fd8bbdaae11c492d3d3a93b5702914

et cetera

sorry to anyone in lond but their demise is strategically very good news for ami

blue here today

gla

dont forget isdx

cagey day so far

yeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

last 10 minutes frantic bot buying - been waiting all day for that - set up very nicely for monday and the rest of next week - expecting lots of news here soon

still cheap but will just become more expensive

gla

http://www.cityam.com/1413777896/sierra-leone-s-finance-minister-joins-london-mining-sale-talks

this bodes extremely well for ami and sl:

http://www.bbc.co.uk/news/world-africa-29685127

buy low sell high - works for me :-)

getting closer :-)

http://www.capelam.com.au/IRM/Company/ShowPage.aspx/PDFs/3362-10000000/TradingHalt

update
Cape Lambert Resources (ASX:CFE) has entered into a binding terms sheet to provide Timis Mining with US$20 million in financing to assist with acquiring the Marampa Iron Ore Mine in Sierra Leone.

This consists of a US$8 million 12 month bridging loan and a US$12 million royalty purchase.

The company will receive a US$2 per tonne royalty for four years from iron concentrate exported from Timis Mining’s Marampa mine.

This could be worth up to US$56 million with the first royalty cheque expected within the next three months.

Timis Mining will also have the exclusive right to mine and acquire 100 million tonnes of oxide material from the company's Sierra Leone projects at a price of US$3/t to US$5/t.

This could potentially earn between US$300 million and US$500 million.

“This funding agreement represents a very good deal for the company and for its shareholders,” executive chairman Tony Sage said.

“The Timis Mining owned Marampa Mine is expected to produce between 5 to 7 million tonnes of iron concentrate per annum which means a potential income stream to Cape Lambert of between US$10 - $14 million per annum or up to US$56 million in total over the term of the royalty.

“With the proposed income stream from the royalty agreement and sale of oxide material, Cape Lambert is contemplating continuing its long standing dividend policy, where appropriate, of returning any surplus cash to shareholders.”

Timis Mining Agreement

The agreement is divided into the US$8 million Bridging Facility and US$12 million for the purchase of a royalty.

The Bridging Facility is repayable in 12 months and incurs interest of 3 month US LIBOR (London interbank offered rate) + 6%.

This principal and interest will be repaid to Cape Lambert in one payment at the expiry of the 12 month loan period and can be extended by the parties on mutually agreed terms.

Under the royalty, the company will receive US$2 per tonne of iron concentrate exported from the Marampa Mine.

The Royalty is payable on a quarterly basis over a four year period and will commence from the first shipment of concentrate from Marampa following the completion of its acquisition by Timis Mining from the administrator of London Mining.

Oxide Ore Sale

Cape Lambert has also negotiated the sale of oxide material from its Sierra Leone Projects to Timis Mining, which is located adjacent to the Marampa Mine.

Under the terms of the Agreement, Timis Mining will have exclusive rights to purchase 100 million tonnes of oxide material, or such greater amount as defined by further drilling from Cape Lambert’s other Sierra Leone Projects.

The price at which the oxide material will be purchased from Cape Lambert is expected to be in the range of US$3 to US$5 per metric tonne, potentially earning between US$300 million and US$500 million over the life of the mine.

A drilling campaign to increase the upside of Cape Lambert

fantastic rns today - onwards and upwards

onwards and upwards - rerate tomorrow :-)))))))))))))))))))))))))))))))))))))))))))

gla

sure glad to be in ami this morning - about to go cash positive and fantastic rns valuing ami circa $6 billion bucks v current mc only circa £45m - hmmmmmmmmmmmmmm

blue ahead i believe

African Minerals Limited

Appointment of Administrators

Further to the announcement of 6 March 2015, the Company advises that pursuant to orders of the High Court in London, Neville Kahn and Ian Wormleighton of Deloitte LLP, 66 Shoe Lane, London, EC4A 3BQ have today been appointed as joint administrators of the Company and of its subsidiary African Minerals Engineering Limited. None of the Company's other subsidiaries are affected by today's announcement.