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

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?