Personal and undiluted views
Amara Mining

2149 days ago

Amara Mining - merger with Perseus, hold at worst....

Amara Mining (AMA) has announced a recommended offer from Australia-headquartered Perseus Mining, with Amara Chairman and CEO John McGloin emphasising “Perseus has the strong balance sheet to move Yaoure into production and an experienced operating team. This deal therefore addresses two of the major risks facing a junior developer”

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2153 days ago

Amara - really bullish claims on Yaoure: buy

Amara Mining*(AMA) has announced results of an optimised pre-feasibility study, re-emphasising that “we expect Yaoure to be among one of the lowest cost, largest new gold mines in Africa”.

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2179 days ago

(Good) Yaoure News from Amara - buy

Following a mineral resource update for its Yaoure gold project in Côte d'Ivoire in November and capital and cost estimates generated in a pre-feasibility study announced in May,  Amara Mining* (AMA) has announced an increase in the portion of higher confidence (‘Measured’ and ‘Indicated’) resources which fall within a designed project pit (‘mineral reserve’ and here based on an optimised pit shell corresponding to a gold price of $880 per ounce).

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2219 days ago

Video: Amanda van Dyke's Gold Panel at Gold & Bears

On the gold panel at Gold & Bears chaired by my friend the Van Goddess, Amanda van Dyke are Peter Hambro of Petropavlovsk (POG), John McGloin of Amara (AMA), Dominic Frisby and Angelos Demaskos. Enjoy.

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2229 days ago

Video: John McGloin Chairman Amara Mining presents at Gold & Bears - November 28 2015

Amara (AMA) is one of only two gold stocks we rate as a buy on the Nifty Fifty website I run with Steve Moore. And this presentation demonstrates why the shares are cheap

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2254 days ago

Q&A with John McGloin of Amara Mining

As one of only two gold stocks I follow I thought it opportune to catch up with Amara Mining (AMA) and its CEO John McGloin. I do rate these shares as a buy. And so we chatted.

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2348 days ago

Amara Mining Interims - still a buy

Amara Mining* (AMA) has announced results for the first half of 2015 as it continues to advance its Yaoure gold project in Côte d'Ivoire.

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2439 days ago

Amara Mining - Yaoure PFS News

Amara Mining* (AMA) has announced the results of a pre-feasibility study for its Yaoure gold project in Côte d'Ivoire. The shares are currently 5% lower, at 15p, on the announcement as a net present value, at a 10% discount rate and $1,250 gold, of $228 million compares to $566 million in a 2014 preliminary economic assessment.

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2460 days ago

Video of John McGloin of Amara Mining presenting at UK Investor Show

John McGloin, the CEO of Amara Mining, was among those manning a stand at UK Investor Show 2015 and also doing a 20 minute presentation. In case you missed John in action, here is the video.

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2462 days ago

Video of the Mining Session at UK Investor starring Amanda Van Dyke, Poulden, McGloin & Bell

Once again this main stage panel at UK Investor Show 2015 was chaired by scruffbum Ben Turney. On the panel were Amanda Van Dyke, John McGloin of Amara Mining, Andrew Bell of Red Rock Resources and Richard Poulden of Wishbone Gold.

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2465 days ago

Amara*: new funding is good news

Amara Mining* (AMA) has announced a proposed $10 million strategic investment by International Finance Corporation, a member of the World Bank Group and the largest global development institution focused exclusively on the private sector…

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2477 days ago

Amara 2014 results comment

Amara Mining* (AMA) has announced results for the 2014 calendar year, emphasising that “we are now well positioned to deliver the next major African gold mine”...

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2554 days ago

Amara placing and legal update

Amara Mining (AMA) has announced a conditional-on-shareholder-approval 16p per share placing to raise gross proceeds of £14.6 million ($22 million) – ostensibly to enable further exploration of its Yaoure gold project in Côte d'Ivoire and to fund it to the point of making a construction decision for the project, including the delivery of a bankable feasibility study late this year. However, the company also faces some potential  - albeit we think low risk - legal nasties… 

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2568 days ago

Amara Mining - truly cracking news from Yaoure

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.

These numbers are based on a pit optimisation using a $1,500 gold price, and reported at a 0.5g/t cut-off, though it is again emphasised that the “resource remains robust in lower gold price pit shells” 

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2646 days ago

Amara Mining, drill results and thoughts on the share price of the ONLY gold stock we are tipping

Amara Mining (AMA) has announced further results from the 2014 drilling programme at its Yaoure gold project in Côte d'Ivoire which “continues to confirm high grade mineralisation throughout the deposit”.  This is the ONLY gold stock we are now tipping on our premium Nifty Fifty website.

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2663 days ago

Amara Mining – New Estimate at Yaoure: clear value in the shares

Amara Mining (AMA) has announced an updated Mineral Resource estimate for its flagship Yaoure gold project in Côte d'Ivoire – emphasising that “with over 4 million ounces contained in a single economic pit and compelling economics benefiting from low cost hydro-electric power, Yaoure stands out as the pre-eminent gold development asset in West Africa”.

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2667 days ago

How bearish can we be on mining stocks – the world’s No 1 analyst Roger Bade warns things will get worse

The world’s No 1 mining analyst Roger Bade of Whitman Howard has produced his quarterly review and while there are a few new buy ideas, such as Amara (AMA), on the whole his tone is as bearish as ever. Anyone who says how some mining juniors should be “viewed with contempt” is a top man. Although Mr Bade’s less than complimentary words about the quite excellent Women in Mining organisation run by mining guru Amanda Van Dyke (pictured left since she is a tad more photogenic than Mr Bade, actually that is not Amanda but I cannot find a pic of her on this website) have “been noted”.  Naughty. The review makes for sobering reading for anyone still investing in this sector. Mr Bade writes: 

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2674 days ago

Amara Mining – A real rarity a Quality gold stock on AIM

Amara Mining (AMA) has announced further encouraging drilling results from its Yaoure project in Côte d'Ivoire. Most AIM casino listed gold miners are a total waste of space, Amara is a rare quality play.

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2691 days ago

Amara Mining: Great Drilling Results and the Loathsome Peter Hain MP buys shares

We are well ahead on our tip to buy shares in Amara Mining (AMA) We told Nifty Fifty readers to buy at a 15.75p offer – the stock is now 23.75-24p. But there was interesting news last week implying that there is more upside still.

First came news of further drilling results from its key Yaoure project in Côte d'Ivoire demonstrating strong continuity and high grade areas. With further intercepts including 31 metres at 4.2g/t gold, 10 metres at 6.1g/t and 4 metres at 25.2g/t, the company emphasised that “this further increases our confidence in the Yaoure deposit and underlines the potential for selective mining of the CMA zone”. 

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2711 days ago

Amara Mining – we are well ahead on share tip but there’s more to come – Yaoure news

Steve and I have avoided tipping gold stocks on our Nifty Fifty website but we made an exception for Amara Mining (AMA) suggesting readers pile in at a 15.75p offer. The shares are now 23p and there was cracking news a couple of days ago. This stock is starting to hum.

Amara Mining announced further drilling results from its Yaoure gold project in Côte d'Ivoire which “include exceptional intercepts, demonstrating high grade areas within the Yaoure Central Zone and the presence of mineralisation in ‘information gaps’” and “continue to confirm the high grade nature and continuity of the CMA zone”. These are expected to expand the mineral resource and reduce the strip ratio. 

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2798 days ago

Amara Mining: Follow the Board & Buy

AIM listed Amara Mining (AMA) has announced that its producing Kalsaka/Sega operation returned to EBITDA profit in the first quarter of the 2014 calendar year but that “the head grade mined in Q1 2014 was below expectations and accordingly Amara expects production in 2014 to be at the low end of the previous guidance of 60,000-70,000 ounces”

Kalsaka/Sega production was 16,263 ounces of gold in the quarter, with the company reporting an overall net loss of $4.58 million for the period, though noting that “the closing cash and bullion balance of $7.3 million was augmented during Q2 by the $30.5 million fundraising (before expenses), ensuring that Amara is fully funded to deliver the initial Yaoure feasibility study in Q1 2015”

It particularly emphasised that;

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2858 days ago

Amara Mining - ahead on our share tip despite placing - still cheap?

Amara Mining (AMA) has announced a proposed placing and open offer of up to a total of 131,527,262 new shares at 17p each to raise up to £22.36 million before expenses – the funds to be primarily used to advance the company’s Yaoure gold project in Côte d'Ivoire, but also Baomahun in Sierra Leone. We tipped this stock at a 15.75p offer price on our Nifty Fifty website and so at 16.5p-17p are marginally ahead. What next?

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2862 days ago

Tickets to UK Investor Show on April 5 Start going in the Post Today – still 10% of seats left!

Praise the Lord that I am in Bristol not London today as various other folks are right now stuffing envelopes with letters, tickets, full speaker line up details as we start to post out tickets to the UK Investor Show on April 5 in Westminster. All tickets ordered as of today will be sent by last post Friday with most going out TODAY.

With 44 big name speakers lead by Nigel Wray, Ben Edelman, Vin Murria, Terry Smith, Evil Knievil and Lucian Miers the show is known as the UK’s Number One Investor Show. The full list of presentations can be found HERE.

There are also 90 growth companies attending not only manning booths but also in most cases doing 20 minute presentations for those really interested. Ranging from Advanced Computer Software, to Minoan, to Leni Gas & Oil, to Amara Mining the full list can be found HERE

We still have 10% of the seats available so if you wish to join 1,500 other active investors in London on April 5 please book your seats NOW HERE

I hope to see many readers of this blog in Westminster on April 5

Best wishes

 

Tom Winnifrith

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2958 days ago

Amara Mining - New Resource Estimate: Buy

Amara Mining (AMA) has announced an updated NI 43-101 compliant Mineral Resource estimate for its Yaoure gold project in Côte d'Ivoire – which represents a 71% increase in the company’s overall mineral resources; to 3.7 million ounces ‘Measured and Indicated’ and 6.4 million ounces ‘Inferred’. 

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2994 days ago

Amara Mining - Cute deal

Gold developer-producer in West Africa, Amara Mining (AMA) has announced that it has entered into a agreement to acquire $10 million cash, a drilling operation and three Liberian exploration licences for 51,846,782 new Amara shares (ostensibly $11 million).  It is a cute deal. 

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3012 days ago

Buy Amara Mining at 14p

Investment Case: Having made some less than flattering comments on what benefit shareholders in AIM and Canada-listed gold miner Amara Mining (AMA), the former Cluff Gold get from having Peter Hain MP on the board as a non-executive director, I sense the company’s Chairman John McGloin met up with me with some trepidation a couple of weeks ago.

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3046 days ago

What does AIM listed Amara Mining get from Peter Hain MP?

There are some Non Execs who add credibility and there are some who are just a pointless cashburn – meet Peter Hain Labour MP for Neath and a Non Exec at Amara Mining (AMA) since March. Shareholders in this company have lost a packet so what does Hain bring to the table?

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3123 days ago

Amara Mining - The Goddess is very clever. It is Official

Within a minute of me having a pop at Amara Mining (AMA) for its joke PFS published today the Goddess is onto me by email. You do not hear from this bird for weeks and then suddenly "Do I get credit for calling it right?" Okay, Ms Goddess you may not (yet) be an East End Girl but your intellect matches your beauty and so to put the record straight: "you are very clever."

Satisfied?

 

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3123 days ago

Amara Mining - Baomahun Feasibility Study is a joke

AIM Cesspit listed Amara Mining (AMA) is today’s entrant in the “fantasy world of feasibility studies” with an absolute corker relating to its Baomahun project in Sierra Leone. This is beyond a joke.

The long delayed National Instrument 43-101 compliant Baomahun Feasibility Study is finally out. Amara states that it shows the project to be “robust” and to have a Net Present value of $127 million. At 14p Amara is capitalised at £23 million.

Hello sailor, where do I buy the shares? Oh hang on, wait a second

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3282 days ago

Amara: Weak numbers but a good investment. But not good enough

Dual AIM and TSX (Canada) listed West African focused gold mining company, Amara Mining (AMA) has announced 2012 production results for its Kalsaka mine in Burkina Faso ahead of a full-year results announcement scheduled for 27th March. I commented positively on the company in November and the following updates my view after this latest news from the company…

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3330 days ago

Buy Amara Mining at 65p – worth 99p to 124p says top broker Ocean Equities

Top broker Ocean Securities has published a buy note on Amara Mining (LSE:AMA) in which it suggests that investors buy the shares at 65p with a target price of 99p. I long followed Amara, formerly known as Cluff Gold on t1ps.com and I also regard the shares as very cheap. As I shall explain below.

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3347 days ago

Amara Mining (Cluff Gold) Baomahun Results Analysis

I tipped Cluff Gold (CLF) in September 2011 at 96p on t1ps.com, the website I founded in 2000 and left three months ago to set up the Nifty Fifty
. Like most AIM listed gold shares Cluff has taken a beating but the shares have rallied in recent days and are now at 63.25p following the release of a new resource estimate for the Baomahun project. Those who nibbled at 58.5p the other day after I published a detailed analysis here will be feeling reasonably happy.

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3353 days ago

Amara Mining (formerly Cluff Gold) Q3 Results – On Track: shares very cheap -

I tipped Cluff Gold (CLF) in September 2011 at 96p on t1ps.com, the website I founded in 2000 and left three months ago. Like most AIM listed gold shares Cluff has taken a beating and the stock closed at 58.5p today after the release of third quarter numbers. To reflect a change of leadership the company has now changed its name to Amara Mining (AMA). That seems like a bit of wasteful corporate PR willy-waving to me but, ignoring that, it seems to me that the fundamentals look increasingly attractive for Cluff, sorry Amara, and that this is not reflected in the stock price. Here is why.

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