Share Name Share Symbol Market Type Share ISIN Share Description
Amur Minerals Corporation LSE:AMC London Ordinary Share VGG042401007 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.075p +2.42% 3.175p 3.10p 3.25p 3.18p 3.11p 3.11p 1,146,785 16:35:20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.5 -0.1 - 18.87

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DateSubject
25/9/2016
09:20
Amur Minerals Daily Update: Amur Minerals Corporation is listed in the Mining sector of the London Stock Exchange with ticker AMC. The last closing price for Amur Minerals was 3.10p.
Amur Minerals Corporation has a 4 week average price of 3.35p and a 12 week average price of 3.72p.
The 1 year high share price is 14.75p while the 1 year low share price is currently 2.90p.
There are currently 594,433,617 shares in issue and the average daily traded volume is 3,242,483 shares. The market capitalisation of Amur Minerals Corporation is £18,873,267.34.
26/8/2016
14:56
roofer2: I know it's hot in the UK but...... Why does AMC share price keep falling ??? Madengland
24/8/2016
13:17
roofer2: Looking like crede will get another 200 million shares to short the AMC share price, with no other funding on the table, crede can do as the like now imo, atb R2
12/8/2016
11:42
roofer2: I'm a realist, all this talk of an airship is laughable, the point I'm making is the Russians don't seem to have done any plans on road route, that would boost the Amur region and AMC share price IMO R2
10/8/2016
05:19
crazytowner: Something has changed in the AMC share price ask these last few days, this is the time to get in. Obviously, do you own research
29/6/2016
21:55
sr2day: finally looks like Amc share price has worn eveybody down.well done RY,you managed to stay quiet and let everybody shout as much as they wish.this is a lesson to be learnt.
02/6/2016
08:38
roofer2: Good morning, the only good new that can ignite the AMC share price is an RNS re-funding, that seems a very long way of at the moment, millions of shares to be dumped at any price on the markers, all adds up to AMC hitting 3p lows at the best IMO, is there another share finance funding to fund cash burn ? The rampers appeared to have run out of ideas as AMC fall to 3p IMO ATB R2
30/5/2016
08:08
roofer2: AMC share price, so what will come first, a J/V to help fund mine development, government funding on local infrastructure or even another funding? IMO with the share price so low funding is out, there's no que or rush to do a joint venture with AMC, the local government are not awash with millions to invest on infrastructure when the mine development might not even happen, So what can rescue AMC share price, is the licence really worth £25 million ? never mind there's always a chance your CEO can do another rousing speech to increase the share price IMO, GLA R2
23/5/2016
08:54
thomscm2: Being a disgruntled shareholder who does not believe a single word that comes out of RY's mouth unless he is talking about Geology. I find no problem finding a reason why Crede only took some of their Warrants. Haven't they got up to five years to claim them? I have said before and i will say again, they are here for the long term not the short term as we have been given to believe. They are here to do a job and that is to make sure that the AMC share price never rises again to a level that would make the company look like anything other than junk. Anybody who thinks that Crede are not going to get their next tranche lives in cloud coockoo land. They must have them to make sure that the Master Plan can come to fruition. Only my opinion.
27/3/2016
18:23
trickydickytwo: Does anybody have a view on the attached spread sheet? The prices and volumes are taken from the Java chart starting 30th. November 2015 up to 24th. March 2016. The figures do not include trades on ISDX. https://www.dropbox.com/s/xkwh6p36r7207tj/Amur%20Share%20Trades%2030-11%20to%2024-03.xlsx?dl=0 If you look at the days prior to the funding deal being announced on the 14th. December its clear somebody was buying and buying large. Who pumped the share price up to 11p? After 17th. December volumes drop off dramatically. We go through a lull with the share price slowly declining until we reach a low of 4.75p on 16th. February then bang, volume shoots up again and the price rises. We then get the Crede RNS on 1st. March announcing they would be exercising the warrants. If Crede is intentionally suppressing the price in the run up to giving notice of their intention to exercise the warrants then why the increase in the share price? Why not the opposite? Of the 22m+ shares awarded after the exercise of warrants on 1st. March we were told they still had 12m+ on 17th. March. 10m disposed of in 13 trading days. That hasn't floored the share price has it? If Crede is the bogeyman the buying to increase the share price before the first draw down doesn’t stack up. Buying to increase the share price prior to the first tranche of warrants being exercised doesn’t stack up. In the run up to the second draw down volume increased and the share price dropped marginally but not massively. Does that sound like Crede is manipulating the share price? I suspect Crede has now off loaded all of their first tranche warrant shares. Since the 17th. March when they announced they still had 12.5m+ left over 20m shares have been traded. If they haven't move them all on they must be pretty close to doing so. What will Crede now do with their 32m+ 7.65p shares? I suspect they will sit on their hands with these ones for now. TDT
27/3/2016
08:17
trickydickytwo: The thing I find remarkable is the selective nature of the recent article by Share Prophets. If you look at Amur’s share price prior to the Crede deal being announced it was more or less in free fall. If memory serves me correctly it hit 5.5p on the 2nd. December. We can only speculate on what caused the rapid rise in the days following and prior to funding being announced but what we do know is Amur’s first tranche draw down of the new funding deal was done at 11p. In this market given the dearth of funding and the dire state of the commodities market at the time, nickel in particular, that was nothing short of a miracle. As with all things that appear to be too good to be true it turned out to be just that. The subsequent conversion of warrants for ordinary shares for nil value came as a bit of a shock and was certainly not what most PIs were expecting. If you consider what that means overall, however, it gives a cost for the first tranche of the Crede deal at 5.58p per share and not 11p. Given where the share price was heading prior to the Crede deal being struck does that seem so unreasonable? When you consider the state of the market, commodities in particular, nickel especially, does the price achieved seem like it was off the scale? We now have the second tranche exercised on 17th. March at 7.65p with 32,679,739 shares issued resulting in another £2.5m for Amur. We should now all have our eyes firmly fixed on this clause in the agreement. “In no event shall the Investor be able to exchange the Warrants for new Ordinary Shares unless the volume weighted average price of Ordinary Shares has been below the Subscription Price associated with each issue of Warrants for 3 consecutive days prior to the date of giving notice of an exchange of the Warrants and the Investor must have no interest in Ordinary Shares at the time of giving notice.” How many shares do they still hold? On the 17th. March we were told they had 8.83% of the shares in issue or 45,469,905; over 32.68m at 7.65p and 12.8m at approximately 5.58p. The current share price is 6.2p – 6.5p and they can’t exercise the 2nd. tranche warrants until they have sold all of the 45m shares. The average daily volume since the 17th. March has been in the region of 3m shares per day. Does that look like they are off loading significant amounts to you? Can they afford to offload? The one critical piece of the deal between Amur and Crede that Share Prophets neglected to mention in their article was this. “The Company has the right to call the Warrants at any time the Ordinary Share price is trading at a 25% premium to the exercise price of the Warrant for a period of 20 consecutive days and the average daily trading volume of Ordinary Shares during this period exceeds £450,000 in value.” So lets run through a few possible scenarios to try and establish if the Crede/Amur deal really is as bad as Share Prophets makes out. Crede decides to dump their current holding to secure the next tranche of warrants with a view to exchanging the warrants for ordinary shares at nil value. Keep in mind they can’t exercise the warrants until they have cleared out the shares they currently hold. In the process of doing so they would undoubtedly force down the share price even further thus crystallising and even bigger loss than they would if selling their 7.65p shares at the current share price of 6.25p. Prior to clearing out all the shares Amur releases a resource upgrade RNS or an infrastructure funding RNS or a holdings RNS announcing that Norilsk are a 5%+ holder or any one of several other different possible pieces of good news. Where would that leave Crede? Nursing a large loss on a rapidly rising share price. This is where the crucial part of the Crede/Amur deal that Share Prophets chose to ignore can kick in. If the share price rises off the back of a positive RNS Amur’s call option comes into play when the ordinary share price trades “at a 25% premium (9.56p) to the exercise price of the Warrant for a period of 20 consecutive days and the average daily trading volume of Ordinary Shares during this period exceeds £450,000 in value”. If the share price rises significantly Crede may well sell into it but how big an impact will 45m shares have on a really good RNS? How many of these 45m share will they have left to sell when/if this does happen? What has become clear to me now that I have had time to consider the Crede deal in more detail is this. Normal fund raisers are done at a significant discount. As the City spivs catch wind of a company doing the rounds with the begging bowl the share price goes into retreat. By the time any deal is done most shares have usually been hammered. The funder, not wanting to risk holding a shed load of shares after the deal is made public shorts the share in question prior. They’ve offloaded the shares before the deal is made public and everybody is happy (except LTH’s who, as usual, end up getting screwed). A traditional deal like this doesn’t penalise failure and doesn’t reward success. In fact it's a rather lazy deal, in my opinion, because there is no pressure on anybody to perform. The funder makes a packet, the company gets its money, the merry-go-round simply keeps on turning. Now consider the Crede deal. The first tranche of approximately 45m shares resulted in £2.5m to the company (ignoring fees). The average price per share was 5.6p. When one considers the average share price during the month prior to the deal being announced, the continuing poor performance of commodities at the time, nickel in particular, and the fact the funding for junior explorers had dried up and was at a historical all time low that is not a bad result. We would have liked more, of course we would, but in this climate! Now consider where things are currently at. The second tranche has been drawn down. Crede, at 17/03/2016, held 45m Amur shares at an average price of approximately 7.25p. If they offload now they make a loss. They can’t exercise tranche 2 warrants until they do offload. If the share price increases on the release of good news and complies with the conditions Share Prophets so conveniently neglected to include in their article Amur can exercise the call option which would bring in another £2.5m at a cost of approximately 26m new shares. Of course if it all goes the other way, Crede offload their 45m, acquire millions of additional shares for nil consideration and start the process all over again then there will be dilution. In short, if Amur don’t progress, release good news and get the share price up then the deal with Crede will see not the death spiral predicted by share price but a significant increase in the number of shares in issue. On the other hand if Amur does release good news and the share price increases Amur will do very well out of the Crede deal. The idea that the Crede deal is one sided is very short sighted. It’s an arrangement which rewards progress/success but penalises failure. Is that not the way it should be? You have to wonder why share price decided to exclude the section of the deal covering Amur’s call option. You also have to wonder why they chose not to mention the likely outcome of a positive RNS. Was that a conscious attempt to manipulate the market by omitting a significant aspect of the deal or to acknowledge the potential outcome of a positive scenario? Or is it just shoddy research? You also need to look more closely at Vast Resources to understand why their deal appears not to be working so well for them. They have three projects in the pipeline. Pickstone/Peerless - Zimbabwe – 50% of a gold project in a basket case of a country where title is not secure and sequestration common. Baita Plai – Romania – 80% of a copper-silver-zinc-lead-gold-tungsten-molybdenum project which is tied up in a legal dispute. Vast describes the mine thus “Due to lack of capital investment and modernisation the mine became uneconomic and was closed in 2013”. If it was uneconomic in 2013 then…….. Manaila – Romania – 50.1% of a lead, zinc, copper, gold, silver project where phase 1 LOM is only 3 years and considerable uncertainty surrounds the viability of phases 2 and 3. You also need to look at the recent history of this company to get a flavor of where they are at and why their deal(s) with Crede may not be working to their advantage. I’ve included a couple of links for Vast Resources which might make it a bit easier to get a handle on them. As always DYOR. TDT https://www.dropbox.com/s/7cq84k0k8d0jcrw/VAST%20RNS%2004_01_2016.pdf?dl=0 https://www.dropbox.com/s/gdg1jegaki1fx9t/VAST%20RNS%2007-03-2016.docx?dl=0 https://www.dropbox.com/s/8lsi6gl3bhs13s4/Vast%20-%20Zimbabwe.pdf?dl=0 https://www.dropbox.com/s/v2elz7vqf3c09o9/Vast%20-%20Baita%20Plai%20-%20Romania.pptx?dl=0 https://www.dropbox.com/s/pnv9viiqv6vifos/Vast%20-%20Manaila%20-%20Romania.pdf?dl=0
Amur Minerals share price data is direct from the London Stock Exchange
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