Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Amara Mining - truly cracking news from Yaoure

By Tom Winnifrith & Steve Moore

8 January 2015 05:31

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Amara Mining* (AMA) has announced an increase in total mineral resources at its Yaoure gold project in Côte d'Ivoire from 6.3 million ounces to 6.8 million and a 63% increase (to 4.4 million ounces) in the higher confidence ‘Indicated’ resource.

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Comments

wildrides

8 January 2015, 08:12

Great share ………. ged in cheap while you still can . Obviously I am a holder ;-) When Ebola goes to non expo phase it will gradually go up again to 25 p with nowt new happening . when summat actually occurs …… watch out. ..
paul

8 January 2015, 10:18

Been a shareholder in AMA for a long time, unfortunately not at current prices. However, the potential of this operation is probably one of the best in Africa. I would be surprised if Randgold didn’t came knocking. They like an operation where the mine costs are low, and the grade of metal high. This ticks all the boxes. I have bottomed down on this one, so fingers crossed, or I’ll be off to the soup kitchens for my meals in the future!
Marc Johnson

8 January 2015, 10:24

Hi Tom

Can you do a write up on PREM you mention AMA are a good tip however compare the IRR and capex with PREM and you will an IRR which is multiples of AMA coming at 457% and they will be producing alot of money per month when they start producing in April/May time.

Kind regards
Hi Tom

8 January 2015, 11:38

I agree Tom. Prem has been completely overlooked in the mining sector. IRR of nearly 500%. Mcap currently circa £5 mill.
They will have annual pre tax cash flows above their mcap soon with further resource upgrades to come.
Well worth a look

ATB

Eyeguy
Eyeguy

8 January 2015, 11:42

Hi Tom

I agree with the above comments about Prem. You talk about net cash and profit on your quindell bearcasts and how few aim stocks under £50 mill mcap actually turn a profit. I agree.
Prem will make more than their mcap in annual profit for 15 years based on their PEA with IRR nearly 500%. Further upgrades at the RHA project to come too.

ATB

Eyeguy