I spent two years working along Sam Bottell as he worked with minesite and oilbarrel and he is a good, honest and clever chap. Now that he is starting his career freelance writing as well as an organiser of the UKInvestor Show I have no hesitation in helping him along via this blog as a guest contributor. As such I bring to your attention a share tip from him from TradingResearch Point…
AIM listed Afferro Mining (AFF) is a West African focused iron ore play. With a solid net cash position and an attractive portfolio of assets one can make a solid case for buying the shares on fundamentals, a case strengthened by the recent recovery in the iron price. But there is also a corporate angle with the company admitting just before Christmas that it can “confirm that it is in discussions with multiple parties which may or may not lead to a strategic investment or a proposal to acquire the outstanding shares of the Company.” Not surprisingly the shares have rallied from a year low of around 40p in the second quarter to a share price today of 101.25p today, valuing it at £106 million. But arguably there is more to come.
on TradingResearchPoint | Comments