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http://uk.advfn.com/news/UKREG/2012/article/50965163
http://www.investegate.co.uk/afferro-mining-inc.-%28aff%29/rns/metallurgical-testwork-results-update--nkout/201302040700099922W/
http://www.youtube.com/watch?v=95TqgDPVuAk&feature=player_embedded#!brbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbrbr

http://www.african-aura.com/s/Home.asp
http://www.afferro-mining.com/i/pdf/presentations/Putu%20Divestment%20Presentation.pdf

The above deal is worth 77p cash to AFF,so 61% left,
which works out at 124p + 77p = 201p to be completed by the 28th of this month.

Present SP 76p.

http://www.investegate.co.uk/afferro-mining-inc.-%28aff%29/rns/potential-offer-update/201301140700084202V/

I've just bought in,seems a no brainer and is ISABLE.

this is in a bid situation!! could be up to 140 take out price.

£1.40! There's no way the BOD would let it go for that. Based on the resources at Sundance next door and the value Hanlong have agreed to pay Sundance, AFF's value is north of £3, especially when you take account of the £60m in cash that AFF has!

The £1.40 you mention might be for Nkout only, which will still leave the other licences and the £60m for AFF.

We will find out soon enough.

Why is there a green line on the above chart which goes up to about 600p? It's making the whole thing re-scale.

If you look at the takeover price of Sundance Resources, (75 cents per tonne of contained iron) and apply that to Afferro, you get about 600 million dollars or maybe $5.50 per share.

Afferro is closer to the coast than Sundance.
The railway line (which will go from the port of Mamelles (near Kribi) to Sundance's mines) will pass about 20 miles from Afferro's properties.

Question: when you build a railway line, where do you get the steel from? Mmmm... import, so it'll be arriving in the port. Ergo, the line will be built from the port going Eastwards, and the first thing it will pass will be Afferro's property.

http://www.investegate.co.uk/afferro-mining-inc.-%28aff%29/rns/potential-offer-update/201301140700084202V/

http://www.investegate.co.uk/afferro-mining-inc.-%28aff%29/rns/media-speculation-regarding-possible-offer/201301170700087370V/

To think nad we jumped,earkier an SP of 100p against the present 82p? Not sure why they should need to update the same news,released 3 days ago??
m.com/Chart.aspx?Provider=EODIntra&Code=AFF&Size=460&Skin=BlackBlue&Type=2&Scale=0&Start=20130110&End=20130118&Fix=1&MA=&EMA=&OVER=&IND=&XCycle=DAY1&XFormat=dd&Layout=2Line;Default;Price;HisDate&SV=0"/>

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Because Bloomberg published an article yesterday, and repeated it today, saying that Jindal had pulled out of talks with Afferro, thus scaring people off and making them sell.

Afferro and/or Jindal probably thought that they didn't want lies out there in the market.

By the way, the share price today seems to have gone flat for long periods. Is trading suspended for a couple of hours or is something funny going on with the stock market's prices feed?


I like those horse burgers from Aldi, but I prefer My Lidl Pony.

I ate a bad burger and it tasted absolutely foal. It gave me the trots.
However, someone said that they taste better with French fillies.

http://www.investegate.co.uk/afferro-mining-inc.-%28aff%29/rns/board-changes/201301210700089618V/

http://www.investegate.co.uk/afferro-mining-inc.-%28aff%29/rns/metallurgical-testwork-results-update--nkout/201302040700099922W/

http://www.investegate.co.uk/afferro-mining-inc---aff-/rns/update-on-discussions-with-imic/201304170705035217C/

A 30/50% upside?

http://www.proactiveinvestors.co.uk/companies/news/56668/imic-confident-on-afferro-bid-after-financing-confirmed-56668.html