ALM - Alma Metals

boff · 15 December 2010

boff said:
and have the order sitting at 50.0 for today's open.

Eventually gave up trying to get a good price. Jumped in at 59c and of course the SP drops immediately. Anyway, the story is still good and this one should have some way to go. Why do I think that?
A commonly used figure for the value of coal in ground is 50c. These guys have over a billion tonnes and a market cap of $150m.

mr. jeff · 15 December 2010

Sorry I cant seem to copy the drilling map, but I'll summarize for everyone who won't / can't / want to look;

1st December 2010 Ann.

Basically the coal find is located in Botswana, Sese it's called.

AFR's tenement here is broken into Block A,B,C; all adjoining in a NW-SE orientation.

from ann: "Diagram 2: Resource delineation drilling programme showing progress to date. Drilling is now
complete in Block-A, and partially compete in the eastern half of Block-C. Drilling is continuing
in Block-C, and Block-B will be drilled in 2011."

- They have drilled block A quite conclusively with good results and confirmed extent of resource within their tenement

- They have not touched block B, but have some drilling history there which seems to have been promising

- They have extended from historic drilling in Block C successfully
but have not finished determining its extents.

Basically there is further newsflow into early Jan, then wet weather break, then resource estimate release end of 1Q11.

Could be a run for a little while. Might well be a good opportunity considering Botswana's standing as a country for mining...

Hope this helps.

jonojpsg · 16 December 2010

boff said:
Eventually gave up trying to get a good price. Jumped in at 59c and of course the SP drops immediately. Anyway, the story is still good and this one should have some way to go. Why do I think that?
A commonly used figure for the value of coal in ground is 50c. These guys have over a billion tonnes and a market cap of $150m.

Yep, even if you assume 25c a tonne, this one looks like it could run some more and still be conservatively valued...block C looks like being around 1bn+ tonnes by itself which would value AFR at $250m or 80c a share.

In the interview released today the MD suggested the top end of the exploration target could be exceeded too, 1.5bn+ tonnes!

mr. jeff · 21 December 2010

Today AFR is up 15% on no news but a reasonably large volume of around 10M. Looks like the interest generated last week is not dying down so quickly; closing at 67.5c.

I am holding and watching closely, tried to get a bigger position on the move this morning and it just ran away.
Will be interesting to see if this precedes a news item or whether this is further driven by coal's ongoing discussion in the media; or of course hope.

jonojpsg · 21 December 2010

mr. jeff said:
Today AFR is up 15% on no news but a reasonably large volume of around 10M. Looks like the interest generated last week is not dying down so quickly; closing at 67.5c.

I am holding and watching closely, tried to get a bigger position on the move this morning and it just ran away.
Will be interesting to see if this precedes a news item or whether this is further driven by coal's ongoing discussion in the media; or of course hope.

Hey mr jeff, i don't think any more news is required for this one to continue on its merry way for now, with the likely resource ann next year heading for the top end of the exploration range, IMO the SP could easily run to $1 (another 50% hehe) without overstretching the valuation. Looking forward to that

Huitzii · 7 January 2011

I saw somewhere (I dont know where but I took a mental note) that the next announcement is due on the 10th or the 11th of January ,maybe Monday morning...I hope.
Today I doubled my holding @.675 so Im hoping for a nice boost from the upcoming announcement, hopefully above the .80 mark would be nice
Clearly I hold AFR
DYOR

radioham6 · 16 February 2011

What a huge day for AFR Tuesday. Up 22% and a speeding ticket.

The volume is 11M + and why?

Any news I've missed out on seeing?

Comments Please.

boff · 16 February 2011

Well, as per their response to the ticket, they are due to announce Block B drilling results.
I figure that they are also going to announce leases on the land surrounding their current finds in the near future. That could more than double the amount of coal they have in the ground. Why do I think that? The moment they found all that coal, they would have hot footed it to the government office and laid claim to the surrounding leases. That would have been around 6 months ago. Time for an announcement.

AKB · 16 February 2011

Agreed.

I got in today at $0.975. Late to the party perhaps, but pending a good announcement on Block B, we could be in for a nice run to the mid $1.50 range. Money was tied up in FAR preventing me getting on board earlier

tlines · 21 February 2011

African Energy

Is anyone watching AFR . was interested to get any feedback as I am wondering how long to hold onto these shares . The price seems to just keep going up so I will keep watching . Thanks

joea · 21 February 2011

Re: African Energy

tlines said:
Is anyone watching AFR . was interested to get any feedback as I am wondering how long to hold onto these shares . The price seems to just keep going up so I will keep watching . Thanks

If you go to stock chat, you will find there is a thread on this stock.
Hello? Check forum jump!
Cheers

tlines · 21 February 2011

Re: African Energy

joea said:
If you go to stock chat, you will find there is a thread on this stock.
Hello? Check forum jump!
Cheers

Thanks . I have seen these threads and was just looking for anyone with a close interest and ideas on how far these shares may go . Thanks

boff · 13 July 2011

Well that's been a disappointing run over the last 4 or 5 months. I do however believe that today's trading halt for an announcement regarding a capital raising may signal the light at the end of the tunnel.
Why? Here's a very brief time-line.
AFR target leases surrounding their existing coal finds.
The government puts a moratorium on mineral leases until September.
AFR appoints Mr. Marole as chairman of their 100% owned Botswana subsidiary (he previously held the position of Permanent Secretary at the ministry of minerals, energy and water resources).
And now the capital raising. I am confident that this means that AFR is very confident that it will be granted the new leases and that it needs the money to explore those and to develop its existing finds. I don't think that Mr. Marole would have taken thie job if this was not the case.

My 2c...

mr. jeff · 8 November 2011

boff said:
Well that's been a disappointing run over the last 4 or 5 months. I do however believe that today's trading halt for an announcement regarding a capital raising may signal the light at the end of the tunnel.
Why? Here's a very brief time-line.
AFR target leases surrounding their existing coal finds.
The government puts a moratorium on mineral leases until September.
AFR appoints Mr. Marole as chairman of their 100% owned Botswana subsidiary (he previously held the position of Permanent Secretary at the ministry of minerals, energy and water resources).
And now the capital raising. I am confident that this means that AFR is very confident that it will be granted the new leases and that it needs the money to explore those and to develop its existing finds. I don't think that Mr. Marole would have taken thie job if this was not the case.

My 2c...

Can it go much lower with a massive coal resource like it has ?
Maybe ask the shareholders of CCC ?

boff · 8 November 2011

Sorry for not posting. I sold out of AFR on 26/9 for 0.375. My average buy was 0.49.
I still feel that the current debt crisis has a way to play out and September saw me sell about half the portfolio, partly in the expectation of being able to buy back in again at a better price and partly just a 'risk off' kind of move.
So right now I'm hoping the SHTF in Europe over xmas and I can pick these back up in the 20s in Jan.

mr. jeff · 8 November 2011

boff said:
Sorry for not posting. I sold out of AFR on 26/9 for 0.375. My average buy was 0.49.
I still feel that the current debt crisis has a way to play out and September saw me sell about half the portfolio, partly in the expectation of being able to buy back in again at a better price and partly just a 'risk off' kind of move.
So right now I'm hoping the SHTF in Europe over xmas and I can pick these back up in the 20s in Jan.

Boff sorry that was tongue in cheek at the 1000+ "I can't believe the market doesn't rerate CCC" threads on other forums.

W.R.T AFR, it seems that the excitement is gone and the show is over, volume has evaporated and I am guessing that there are a lot of D&D subscribers who rode it down if the initial tip is where it gapped up December last year.
I have not investigated to understand what may be the current issues, as I am currently distracted by other stocks, but I am watching for a bottom to form as I participated in the ride up and made a good trade out of it, it seemed to have significant potential which probably has not completely evaporated unlike current buyers, which leads me to the idea that upon turnaround, it might be all on again very quickly.

Anyone that follows AFR and feels like pressing buttons, do so and fill me/others in, would be good to see some more posting.

radioham6 · 11 January 2012

Yes been a while since a post on this tread. I see a gain of around 16% today.
A New year and all markets seem to look brighter.

I can't see any news relating to this gain.

Or is it just a more positive outlook with the new year?

Comments.

radioham6 · 6 November 2013

6 November 2013

AFRICAN ENERGY PARTNERS WITH ACWA POWER TO DEVELOP 300MW POWER STATION

African Energy Resources Limited has released a webcast of an interview with Managing Director, Dr Frazer Tabeart, commenting on the recent signing of a joint development agreement with Saudi Arabian based ACWA Power and submission of an expression of interest with the Government of Botswana to build,own and operate a 300MW coal fired power generation plan.

www.brrmedia.com/event/118244

Cam019 · 8 May 2017

Quite thinly traded but Thursday shows lots of strength with that extreme volume wide range up bar closing on a new high for the last 18 months. Friday is even more interesting with a high volume narrow spread down bar. More strength showing. Demand has to be buying up supply here otherwise we would have seen a wider range down bar. Could possibly see a gap up to open this morning. Let's wait and see.

Garpal Gumnut · 1 October 2018

I'm bullish on AFR as they have been spending quite some dollars in the energy supply sector in Botswana, a stable southern African country surrounded by vagabonds and nutters. The latter may be dull enough to buy off AFR's grid in a new partnership. At present 0.023, cheap as chips. They have re-entered a promising trading range and I feel they may have bottomed.

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