Amur Minerals Share Discussion Threads

[nando01] 27/6/2018 20:42

Read the RNS. It's in black and white.

[madengland_] 27/6/2018 20:30

Based on what Reggie?

[madengland_] 27/6/2018 20:12

There is always a possibility of a company failing, take Maplins as a good example. AMC is showing no distress whatsoever. Money in bank and progressing as planned. Stop scaremongering

[madengland_] 27/6/2018 20:11

Improved Operating CostsIn July 2017 RPM Global completed their independent review of operating cost estimates for Kun-Manie resulting in an estimated average C1 cost of US$1.78 per pound of nickel delivered to our planned rail siding. This would place Kun-Manie in the lower quartile of global nickel producers and also means that nearly all of our reported mineralised material above cutoff grade is available to mine. The result of this independent review provides considerable confidence for the economic evaluation of the potential of Kun-Manie.Financial OverviewThe Company remained debt free throughout the period with cash reserves of US$2.56 million as at 31 December 2017, down from US$8.20 million at the start of 2017. Subsequent to the 2017 year end, on 12 February 2018 the Company entered into a US$10.00 million convertible loan facility with Cuart Investments PPC Ltd and YA II PN Ltd, with the initial advance of US$4.00 million being drawn on 14 February 2018. As at the date of reporting US$0.80 million of principal and US$0.02 million of accrued interest have been converted for 14,071,436 new ordinary shares.

[madengland_] 27/6/2018 20:08

The report or the annual report? Have any poor reports ever been written about amc?

[jghale] 27/6/2018 19:49

In today’s report reference was made to the possibility of the company failing to continue trading without further induction of money.......has this ever been suggested before?

[madengland_] 27/6/2018 19:35

IMO this sudden spike in volume and "drop" could be nothing more than mm antics. There was no real news in today rns, in fact numbers a little better. With 2.6m in bank at end year and 4m since from convertible, we have cash to progress. I'd expect PFS soon although the delay is once again frustrating I know. Suspect many of the scaremongering posts were trying to buy a few today and I will not be surprised if we bounce up tomorrow. The trades today all look a tad contrived. Just saying

[madengland_] 27/6/2018 19:28

CMB - firstly hello!Pls tell me why you feel the PFS is off the cards now? As an annual review of 2017 I can see no reference to that. Reading lots posts there seems to be a lot scare mongering going on, and I know that's not your objective. Best,MadE

[thejaba] 27/6/2018 19:02

so pleased Duxy losing hand over fist

[callmebwana] 27/6/2018 18:37

They should take shares as wages for a whole year. Let's see what kind of deal they come out with next ? PFS ? Well we can forget that now ! Lies upon lies told by RY.
They want to do a DFS now? I just wish someone with deep pockets buys this out.

[watfordhornet] 27/6/2018 18:22

That's why they do not buy shares

[gerryjames] 27/6/2018 17:41

"It is with pleasure that I take this opportunity to present the shareholders of Amur Minerals Corporation..."

LOL.

[jobber1] 27/6/2018 17:09

Last time I looked at this stock, there was suggestions that Creed were all over it.

Is there profit taking still going on or have they just disappeared?

[reggie123] 27/6/2018 17:05

Looks like another fail, fail, fail once again from AMCBoth the Russian state + the big boy(s) have always known the score ...let them fail & just take the job on for nowt

[weegeordie] 27/6/2018 16:58

Can't see RY lasting much longer - too many costly mistakes.

[weegeordie] 27/6/2018 16:56

Loganair. I missed that,mind you I was reading it on a mobile! That explains a lot.

[qui quaerit reperit] 27/6/2018 16:52

Sold my EUA today with only 10% profit and got more AMC,holding over 2m now,great news me thinks and we should be up today not down,but its a great opportunity to add some bargain shares,now let's see what Robin got to say...:)

[loganair] 27/6/2018 16:22

If I was in RY shoes I would try and sell AMC for £250mln and thereby be able to give 40p per share to the share holders.

[apfindley] 27/6/2018 16:20

Yes that's what I read into it. They are going to need cash very soon. And it will be a significant ammount as the cash burn has always been high.

[loganair] 27/6/2018 16:10

"At the date of the approval of this report, the Group had not met the required milestones for receipt of the next advance of US$2 million. The Directors are currently in discussions with the investors to amend the terms to allow drawdown of the remaining amounts under the convertible loan facility however, the outcome of these discussions and the timing of the additional funding is uncertain"

The Directors have reviewed the Group's cash flow forecast for the period to 31 December 2019 and plan to continue advancing the project to DFS stage in 2018-2019. Should funds not be forthcoming in a reasonable timescale the expenditure plans could be adapted to prolong current cash resources. However, should the revised terms not be agreed and the repayment of the US$4 million initially advance is required, additional funds will be needed within twelve months from the date of the approval of these financial statements.