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ORCA: I sympathize with your point of view, but take care that you don't miss the surge when Niger success is announced.
Big: it was about the New World Order, Freemasonry and the Federal Reserve so not strictly on-subject for this site.
Mik, Tks for yr interesting PM of 1/8, unfortunately I don't subscribe so can't reply privately.
I'm not sure PC, she has been representing AMMX since 2007, is a director of AMMX and a major shareholder. My guess would be that she is in the loop, though she has to be a bit Delphic sometimes as is necessary for PR professionals.
"..I believe the Free Masons sold us out..."
Mik, if you really believe such conspiracy theories, you can't be surprised if we don't take you too seriously. Or were you joking? I hope so.
Yes Hamre does sometimes seem to be living in his own world of wild optimism, but scam? No I don't think so either. It's his own fault that the market doubts his ability to pull the big contract off, and it's because of that that he is not making much of a killing on his own shares. I am still a believer but it gets harder by the month (and year).
See link below for reference to Ameramex charitable work in Niger.
http://www.nvcf.org/index.php?q=donate&list=c19
Thanks J Doggs, I heartily agree. I have much more invested in this stock than is sensible, but am confident that 2015 will be a banner year for us all.
I feel that logic is against its being a scam: if the contract falls through and company insiders sell their now-unrestricted shares in large quantities, the share price will plummet and their profits will be small. If a scam, not very well thought out!
A note on the timing of the "final" announcement: this may not be under AMMX's control, but rather that of the Government of Niger which may have other considerations than impact on AMMX's share price.
SP continues to drop.
Born
I think I left a space after "trade". Try this:
http://globaledge.msu.edu/countries/niger/tradestats
Born:
Http://globaledge.msu.edu/countries/niger/trade stats
Their source is UN Comtrade.
Ref the effect of the lower oil price on Niger's economy, note that oil is only 18% of Niger's exports. Ores are much more important at 50%.
This latest news has the ring of truth about it, a sensible compromise by serious parties. I expect this deal to succeed and launch AMMX into a new world of high achievement and high returns for shareholders.
If the most recent delay was really due to a bank decision-maker being in hospital, hard though that is to believe, then logically we should expect the final announcement about financing very soon. However the only announcement that would truly satisfy would be from the government of Niger, for which this is also a very big deal.
Sounds like the dog ate their homework.
Pro, that's great information. What is your source?
ORCA: ref 140m shares issued to Hamre and others: this was detailed in the news release of 5/16/2014. The price was .003 per share, the market price at end of 2013 when the shares were issued. This price was mentioned in CC of 11/14/2014. They have therefore made a killing, but the company could also have gone bankrupt at the time that they gave these loans+ services.
$5-6 by end 2017? I agree! But could you resist profit taking on the way up?
Aye aye cap'n!
I think it's just that repeated delays in the Niger business have sapped investor confidence.
All I want to hear is that they've received a $30m cash advance.
I agree. Monday should bring good news.
I agree. Monday should bring good news.
Lee was over in China for a while, I hope he was able to bring the big contract to a conclusion before the holidays hit.
Ok tks for the clarification.
But the text of that PR actually reads "Once completed the agreement will be provided to the Minister of Transportation and Prime Minister of Niger for signature. " Still if that PM is still in place the point is academic as you say.
Who signed the contract with Ameramex? Wasn't it the ex-prime minister?
That makes me feel nervous.
Mike: in answer to one of your excellent questions Lee said he put chances of Niger success at 80-90%. Unfortunately, in the light of past history, only 100% is really going to do it for the share price.
Moras
Just on the numbers, I thought I heard at the CC:
660.3 issued
432.2 restricted of which 85% insiders
228.1 float
So I would make the potential addition to the float a little more than you i.e. 65 million.
I agree with you that if Niger succeeds there is little to fear, as the potential 65 million sales will be overwhelmed by new buyers. If Niger doesn't come off, then paradoxically maybe the 65 million will not join the float right away as the holders may wait for something else to turn up, rather than sell low.
I give up. Will have to listen to the replay I suppose.
call disconnected for nearly 10 mins now. doesn't inspire confidence.
I've been suffering some virus attacks lately, and wonder if Ihub is the source - there are definitely some annoying pop-ups on this site. Anyone else had the same experience?
The last time the coffee project came up, Lee said that it would take a large amount of working capital to get going, I think he said about $3m a month, so not feasible at the moment.
You're welcome!
Mr Mutt: I believe that the company is on the level, that Mr Hamre is making sincere and energetic efforts to land the big Niger contract and other subsequent contracts, and that in due course he will make a lot of money for me. I've been a shareholder for five years and have a lot of patience.
I too am heavily invested in AMMX.
Moras
How about the last few months of 2013 when someone sold a huge quantity of shares, maybe 50m or 60m or even more, at prices all the way down to .0015? It seemed senseless, as even just based on the company's regular business a reasonable SP was ten times that.