Stock data
| Market cap. | £22.6m |
| Last close | 3.25p |
| High / Low (52 weeks) | 10.1p / 3.2p |
| Stock market listing | AIM |
| Forecast net cash (£m) | 3.6 |
| Forecast gearing ratio (%) | N/A |
| Team | Resources - Mining |
| Sector | Mining |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | (23.53) | (51.55) | (68.65) |
| Relative * | (19.77) | (47.57) | (65.54) |
* % Relative to local index
Other companies covered in sector
| Y/E Dec | Revenue (£m) | EBITDA (£m) | PBT (£m) | EPS (fd) (p) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2009A | 0.0 | (1.4) | (1.4) | (0.6) | N/A | N/A |
| 2010A | 0.0 | (1.1) | (1.1) | (0.4) | N/A | N/A |
| 2011E | 0.0 | (1.1) | (0.9) | (0.3) | N/A | N/A |
| 2012E | 0.0 | (1.1) | (0.9) | (0.2) | N/A | N/A |
Last updated on 17/04/2012
Latest research
£8m fund-raising
Update | Mining | 11/04/2012
Metallurgical results
Update | Mining | 30/03/2012
Dutwa project manager
Update | Mining | 09/01/2012
New CEO marks change
Update | Mining | 16/09/2011
Positive PFS progress
Update | Mining | 04/08/2011
Gathering pace again
Update | Mining | 22/06/2011
Economics updated
Update | Mining | 15/03/2011
Hills of money
Outlook | Mining | 28/01/2011
62% increase in NPV
QuickView | Mining | 20/12/2010
Sale of uranium assets
QuickView | Mining | 22/11/2010
Investment summary
African Eagle Resources (AFE) has announced it has secured (non-binding) commitments to raise up to £8m (before expenses) via an equity placement of 200m shares and will issue placing warrants to subscribe up to 100m new ordinary shares at 5.5p per share. These proceeds will allow it to progress its Dutwa bankable feasibility study (publication due early 2013) through key development milestones. AFE also announced a non-underwritten open offer to eligible shareholders of up to 100m shares at 4p to raise gross proceeds of £4m (contingent on a minimum raise of £6.9m in the first offer). Also, it has made four changes to its board, introducing Trevor Moss as CEO, Andrew Robertson (CFO), Chris Pointon (NED and interim chairman), Don Newport (NED) and Julian McIntyre (NED); with Euan Worthington (chairman), Christopher Davies (operations director), Geoffrey Cooper (NED) leaving and Mark Parker taking a part-time role.
Last updated on 23/04/2012
Industry outlook
A tonne of Ni currently trades at c US$18,100/t.
Last updated on 23/04/2012
Key management
| Trevor A Moss, CEO |
| Andrew Robertson, FD |
Company address
| 2nd Floor 6-7 Queen Street London EC4N 1SP United Kingdom View website |
