AMA AMARA MINING

Trades on a forward P/E of just over
8.5 to 2013 ...Derd cheap imo.

Amara Mining PLC

FORECASTS 2012 2013
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

GMP Securities
01-10-12 BUY 1.80 7.76
Edison Investment Research
28-09-12 None 10.95 2.97 38.92 14.47
Westhouse Securities
13-09-12 SBUY 10.00 2.40 13.70 4.50
Seymour Pierce
03-09-12 BUY 9.07 2.64 25.25 7.56
W H Ireland Ltd
28-08-12 BUY 13.76 8.76 21.34 10.33

2012 2013
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 10.91 3.62 24.88 8.90
1 Month Change -1.29 -0.48 1.37 0.32
3 Month Change -2.37 -0.03 24.88 0.26


GROWTH
2011 (A) 2012 (E) 2013 (E)
Norm. EPS % -39.36% 146.20%
DPS % % %

INVESTMENT RATIOS
2011 (A) 2012 (E) 2013 (E)

EBITDA £22.95m £21.77m £33.70m
EBIT £13.32m £8.94m £25.12m
Dividend Yield % % %
Dividend Cover x x x
PER 12.75x 21.02x 8.54x
PEG f -0.53f 0.06f
Net Asset Value PS 18.76p p p

Cheers no probs but dont forget this is a beaten up sector so you have to take that into account and it doesnt make for easy/nice reading but dont ever forget .........he that dares ....................

PS ...doodles if you do find any other miners you think are worth a further look please lert me know here or on a e-mail........... cheers mick

Amara Mining plans £22m fundraising
StockMarketWire.com
Amara Mining is to raise more than £22m for further exploration at its Yaoure gold project in Côte d'Ivoire and to optimise Baomahun in Sierra Leone.

Amara plans a placing and subscription of 107,058,823 shares to raise £18.2m, before expenses, and an open offer of 24,468,439 shares to raise up to £4.2m at a price of 17.0p per share.

The completion of the placing is conditional upon shareholder approval. The placing is not conditional upon the open offer.

Amara says it is fully funded to the point of delivering a pre-feasibility study the Yaoure project in the first quarter of 2015.

The net proceeds of the placing will be used primarily to continue to advance Yaoure to the delivery of PFS.

The company delivered a preliminary economic assessment on 12 March, which confirmed the project's compelling economics and indicated that Yaoure should be taken to the next level of engineering study and economic assessment.

Amara says that at a gold price of US$1,250 and a discount rate of 8%, Yaoure delivers a post-tax internal rate of return of 32% and a post-tax net present value of US$688m.

The net proceeds of the placing will also be used to further optimise Baomahun, allowing Amara to continue to unlock the value of the project for all stakeholders. Following a geological review, Amara is planning to conduct a small-scale, highly targeted drilling campaign, which has the potential to demonstrate greater continuity of the high grade mineralisation of the deposit, increasing in-pit resources and de-risking the project.

This drilling will also help Amara to gain a more thorough understanding of Baomahun's underground opportunity, which has the potential to double the life of mine to 20 years with average production of 90,000 ounces/annum.

Further work will also be undertaken to review the proposed capital expenditure on the project to explore opportunities for a more cost efficient approach.

Executive chairman John McGloin said: "With the financing of the Yaoure gold project through to the pre-feasibility study completed, I am delighted with the support we've received from our existing shareholders and new shareholders to continue unlocking the value of our growth pipeline. It demonstrates that Yaoure is truly a tier one asset, and with its production profile of 325,000 ounces/annum over a 12 year life, it and has the potential to be one of the top 10 gold mines in Africa.

"There is significant exploration upside potential at Yaoure and the placing and open offer will ensure we are fully capitalised to add further ounces to the project's 6.3 million ounce resource base and to increase the level of confidence in the resource by upgrading it to the Indicated category and a portion to Measured. We will also continue the optimisation of Baomahun, maintaining a second strong growth opportunity for Amara. "The strong support, which the fundraising received, is testimony to the quality of Amara's portfolio and we felt it was particularly important to give our significant retail investor base the opportunity to participate in Amara's growth, as well as our institutional investors, in recognition for their loyalty over the past challenging year.

"I look forward to delivering drilling results for Yaoure throughout the next two quarters, followed by two mineral resources updates for the project in Q3 and Q4 2014."

Mining and Resources Investor Evening - London - 24th April 2014



The Shares Magazine 'Mining and Resources Investor Evenings' are firmly established in institutional and private investors diaries, so we are proud to offer you another chance to meet, hear from and ask questions of key senior management and directors of selected companies in the mining, oil and gas sectors.

The evening offers an unique opportunity not only to hear about the latest plans from some of the most exciting companies in their sectors, but also to put your questions to the people that matter. What is more, there is a free drinks and canapés reception where you can mingle with industry leaders and fellow investors. Make sure you don't miss this unique opportunity to get the answers you need from the people who matter.

The evening conference is tailor-made for private investors and professionals who already have exposure to mining and resources stocks, or anyone who is considering putting money to work in these exciting and dynamic sectors.

Tickets are completely free but places are strictly limited so register now.

REGISTER NOW

Date: Thursday 24th April 2014

Venue: Novotel Tower Bridge, 10 Pepys Street, London EC3N 2NR

Registration: 6.00pm

Presentations: 6.30pm followed by a drinks/canapés reception

Companies Presenting:


Amara Mining (AIM:AMA)

http://www.amaramining.com

Amara Mining plc is a gold developer-producer with assets in West Africa. With over 10 million ounces of resources, it has the largest resource base of any London-listed junior mining company and its Yaoure Gold Project has the potential to be one of the top 10 largest gold mines in Africa. A Preliminary Economic Assessment was delivered for Yaoure in Q1 2014, generating compelling financial returns including an IRR of 32%. Besides Yaoure, Amara has a producing mine, Kalsaka/Sega, that is forecast to produce 60-70,000oz in 2014 and a second strong growth opportunity in its Baomahun Gold Project.

Speaker: John McGloin, Executive Chairman


International Mining and Infrastructure Corporation (AIM:IMIC)

http://www.imicplc.com

International Mining and Infrastructure Corporation plc (“IMIC”), listed on the AIM Market of the London Stock Exchange, is focused on unlocking value opportunities in the African iron ore space which are currently constrained by the lack of infrastructure solutions. IMIC is seeking to establish an important asset-ownership position in the West and Central African iron ore mining sector through investment in junior miners and related infrastructure.

Speaker TBC

Leni Gas & Oil (AIM:LGO)

http://www.lenigasandoil.com/

During 2013 Leni Gas and Oil plc ("LGO") continued to build production potential and long term capacity in Trinidad.

Speaker: Neil Ritson, CEO

Tower Resources (AIM:TRP)

http://www.towerresources.co.uk/

Tower Resources plc is an AIM-listed, London-based, independent oil and gas exploration company with a regional focus on sub-Saharan Africa

The Company holds a 30% working interest in a licence comprising three blocks offshore Namibia through its operating subsidiary, Neptune Petroleum (Namibia) Ltd., and a 50% interest in three contiguous licences, onshore and offshore, in the Sahawari Democratic Republic through its subsidiary Comet Petroleum Ltd.

Speaker: Graeme Thomson, CEO

MORE COMPANIES TO BE ANNOUNCED

REGISTER NOW

DRESS CODE: Business attire

Nearly a year since last Posting here . . . . Zzzz

Try another message board , i think they have a lot of low cost gold but no money to mine it , trying to get a deal with another company to mine it, i think that is the problem

Rights Issue, maybe? - they've been saying "...there's Gold in them thar Holes..." for rather too long . . . Get digging!
If yr right aldwick, ie that money is tight, then you'd think there would be plenty of takers to start the rich metal flowing . . . . but it seems not.
However, the Rule in the City is to leave retail investors out of any profit opportunity, so maybe [ AMA ], will raise funds by Dilution....or a Loan at an unattractive Rate - that was the downfall of CMR ((DYOR)).

Oh deary. . . . . . . . . sp at 2 June 2015, abt 14p.

I also own AMA.

Looks like a Boost for shareholders ( 29 Feb 2016 )- DYOR----to join a bigger business - perhaps this is what AMA needed - it looks like a Done Deal, - so we shall have to wait and see . . . .

Any contrarian Views...?

Now merged with Australian PERSEUS based in Melbourne.
Any views here?
Amara [AMA] will disappear from this site . . . but shouldn't still we have a platform (here), to discuss our investment?
Can't say I'm very impressed with AMA Execs, who failed to get anything of value for shareholders..... which led to a funding issue and this Merger.

EDIT ( 20Oct2016) - could MoneyAM please put Perseus into the searchable words listing? Just rec'd a voting form and couldn't (yeh Already!) remember this had been Amara Gold, which was Cluff Gold originally.
At the time of the t/o it was suggested this AIM ( really?) listed co - was also listed in Toronto ( and probably Australia, why not?).....might list on AIM in London . . . but since they don't appear in the UK Press, it's difficult to know their plans. Reading some alternative source, it seems P has interests mainly in Africs - prob Amara's but little else. . . . anyone really know?