Last 0.28 GBp
Change Today 0.00 / 0.00%
Volume 0.0
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As of 2:30 AM 08/11/14 All times are local (Market data is delayed by at least 15 minutes).

african eagle resources plc (AFE) Snapshot

0.28 GBp
Previous Close
0.28 GBp
Day High
0.28 GBp
Day Low
0.28 GBp
52 Week High
04/10/14 - 0.48 GBp
52 Week Low
04/1/14 - 0.17 GBp
Market Cap
Average Volume 10 Days
-0.0040 GBp
Shares Outstanding
Dividend Yield

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african eagle resources plc (AFE) Details

African Eagle Resources plc, through its subsidiaries, explores for and develops mineral deposits, including nickel and gold ores in Tanzania. Its principal project includes the Dutwa nickel project consisting of deposits in Wamangola located in Tanzania. The company was formerly known as Twigg Minerals plc and changed its name to African Eagle Resources plc in September 2002. African Eagle Resources plc was founded in 1996 and is based in London, United Kingdom.

7 Employees
Last Reported Date: 06/19/14
Founded in 1996

african eagle resources plc (AFE) Top Compensated Officers

Founder, Director of Business Development, Me...
Total Annual Compensation: 114.9K GBP
Finance Director, Director, Chairman of Audit...
Total Annual Compensation: 59.3K GBP
Operations Director, Member of Exploration Co...
Total Annual Compensation: 159.8K GBP
Compensation as of Fiscal Year 2013.

african eagle resources plc (AFE) Key Developments

African Eagle Resources plc Announces Audited Earnings Results for the Year Ended December 31, 2013

African Eagle Resources plc announced audited earnings results for the year ended December 31, 2013. For the year, the company announced operating loss of GBP 3,352,245 compared to GBP 34,856,284 for the same period a year ago. Loss before tax was GBP 3,267,492 compared to GBP 34,745,456 for the same period a year ago. Loss for the year was GBP 3,267,492 compared to GBP 34,745,456 for the same period a year ago. Basic and diluted loss per share was 0.44 pence compared to 5.67 pence for the same period a year ago. Basic headline loss per share was 0.17 pence compared to 0.48 pence for the same period a year ago. Cash flow used in operating activities was GBP 1,670,123 compared to GBP 2,387,153 for the same period a year ago. Payments to acquire property, plant and equipment was GBP 1,955 compared to GBP 87,964 for the same period a year ago. Headline loss for the year was GBP 1,272,198 compared to GBP 2,965,317 for the same period a year ago.

African Eagle Enters into Unsecured Loan Facility of Up to £365,000

African Eagle announced that it has entered into an unsecured loan facility of up to a total of £365,000 with CEO of the Company, Nick Clarke, and Chairman of the Company, Kola Karim. The terms of the Facility Agreement include that it is available for draw down until 30 November 2015, accrues interest at the rate of 5% per annum from day to day and is calculated for any period on the basis of the actual number of days elapsed and a 365 day year. The Facility and accrued interest is repayable on the earlier of 31 December 2015 or the completion of a successful fundraising that forecasts, at the time of such fundraising, that African Eagle shall have sufficient working capital to operate until 31 December 2015 after full repayment of all sums due under the Facility Agreement. The Facility will be used by African Eagle for general working capital purposes. The Facility Agreement is a related party transaction under the AIM Rules. Robert McLearon, being the only director not involved in the Facility Agreement as a related party, considers, having consulted with Beaumont Cornish Limited, the Company's nominated adviser, that the terms of the Facility Agreement are fair and reasonable insofar as the Company's shareholders are concerned.

African Eagle Resources plc to Report Fiscal Year 2013 Results on Jun 24, 2014

African Eagle Resources plc announced that they will report fiscal year 2013 results on Jun 24, 2014


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