I'm in this early as it is tipped to fly. Way undervalued for the assets it has imo--anyone else holding this one?

sorry Andy--I can't get into it. Thank goodness the sp is beginning to go up again.

...While we expect both financial and operational synergies to eventually flow from the Mano / African Aura merger, our view is that the majority of the enlarged groups value resides in those assets contributed by Mano. Putu dominates the portfolio, while New Liberty, with gold the darling of commodity markets, offers a very attractive wholly owned operation for the company. With Stellar appearing ready to demonstrate stand-alone value, this will provide African Aura with a valuable liquid investment to monetise should it need the cash to not only accelerate New Libertys development, but progress several of the Cameroon prospects. Adjusting our valuation for the share consolidation, our target price for the enlarged group is 321p and our stance, at 66p, is speculative buy. An article on
uk analyst website

Share magazine...

"Pinpointing African gold buys

A recovery in commodity prices and signs of
global economic recovery have revived market appetite
for risk. This is good news for mining stocks as
investors are once again prepared tp put their money
into exploration or development stories where revenue
generation could still be years away. Shares examines
the best opportunities for investing in Africa-based
junior gold stocks. Our key companies to buy are
African Aura Mining (AAAM:AIM), Goldplat (GDP:AIM),
Shanta Gold (SHG:AIM) and Stratex International (STE:AIM)

...


African Aura (AAAM:AIM) is active in both gold
and iron ore, the latter through a partnership with
Russian steelmaker Severstal (SVST). The gold
interests are less understood by the market as they
were inherited from the merger last year with Mano
River. The flagship asset, New Liberty, is located in
Liberia, a nation which has offered greater stability
since the conflict there ended in 2003. The current
1.4 million ounce resource may well become much
bigger as African Aura fills in gaps within the original
drilling and examines a wider area. A second
project is Weaju, 30 kilometres from New Liberty.
Although early-stage, there are signs of very high
grades at depth. African Aura also has significant
land holdings in Cameroon that show high-grade
potential in gold and iron ore. House broker
Evolution reckons the share price will hit 210p,
implying 196% upside.

BUY African Aura at 71p"

What with gold and diamonds and ore this looks a very promising multibager!!!!