Baukaw, You need to do some research on African Minerals (AML)...

Baukaw,
You need to do some research on African Minerals (AML) before you try to compare.
There is no comparison. AML resource is predominately a magnetite ore body of less than 30% Fe. AML is also 37.5% owned by Chinese Interests, which are refusing to hand over $102m. Yes they are in trouble but who caused it and what is their game plan ?

Check out their Annual Report:
http://www.african-minerals.com/system/files/uploads/financialdocs/AfricanMinerals-AR13.pdf

Then check out their latest finance updates:
http://www.african-minerals.com/media/press-releases/financing-and-operations-update
http://www.african-minerals.com/media/press-releases/financing-update-1

No comparison at all.



Now looking at London Mining - you really need to do some reading and keep up with events in Africa. Here's some help :

copyright link/finance/newsbysector...apsed-London-Minings-Sierra-Leone-assets.html

(By the way, as is reported, "Frank Timis, the chairman of African Minerals, has struck a deal to buy London Mining's operations in Sierra Leone out of administration.")

And Cape Lambert shareholders are a happy bunch :

http://seekingalpha.com/instablog/4...ources-banks-first-royalty-cheque-for-marampa

Here is an extract:

Cape Lambert Resources (ASX:CFE) has banked in the first royalty cheque from Timis Mining Corporation in relation to the Marampa Iron Ore Mine that could total A$12 million this year.
The payment of A$400,000 was received for the first shipment of iron concentrate in December 2014.
Another $3 million royalty cheque is due in the March quarter.
This follows the acquisition of the mine by Timis Mining from the administrators of London Mining Plc in November 2014.


Yes Baukaw, I have done my research, now do yours.

Cheers,
P

GLTALH