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Amara Mining well funded & looking to do deals

By Robert Tyerman | Monday 27 April 2015


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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.


John McGloin, entrepreneurial chairman and chief executive officer of West Africa-focused Amara Mining (AMA), says he is ‘looking to use the value we have created to build a larger company’ and reports ‘corporate guys are busy in our data room’ in the wake of proposals for a a $10million (£6.6million) ‘strategic’ investment at a premium price of 16p by International Finance Corporation (IFC), an affiliate of the World Bank.


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