Amur Minerals Share Discussion Threads

[nolosstillsell] 07/7/2018 09:28

Loganair

This is from the accounts..

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.

Looks a little different to your calculations don't you think?

[callmebwana] 06/7/2018 17:13

Yes the LADS. We, some of us- have been walking towards the 320KM with a few bums on the way for a long time. We will get there some day. :o)
In the mean time we will let Mr Logan entertain us. Have a good weekend all.

[thelads1] 06/7/2018 16:59

:)

cmb
A 320km road.....and ive been here donkeys !!

[madengland_] 06/7/2018 15:14

Lads - very witty! Enjoyed

[callmebwana] 06/7/2018 14:48

THELADS1. Never mind mate there would be other times yet. It is a long road we are on.

[loganair] 06/7/2018 14:25

nol - Since the 01st April AMC have issued 16.4mln new shares to cover Interest payments, fees and a small amount of loan capital repayment.

Almost any expenditure that AMC make they pay for in issuing new shares.

At the moment AMC are trying to draw down a further $4mln from their $10mln loan facility which will incur monthly interest to be payable in newly issued shares and the capital will also be paid for in newly issued shares.

[nolosstillsell] 06/7/2018 13:56

Loganair

Could you show your workings of how you calculated that because as far as I can see you are totally incorrect.

[weegeordie] 06/7/2018 13:55

I appreciated it!

[thelads1] 06/7/2018 13:47

I think my humour was wasted above....never mind :)
a good weekend to all

[loganair] 06/7/2018 13:13

Jack - AMC already have up to a $10mln drawn down loan with the the capital repayment and interest to be paid in shares.

At the current share price the interest payment alone means around 5mln new shares being issued each month.

[jackbal] 06/7/2018 12:51

Another factor is that volume is too low for these convertible loan arrangements. The door stop lenders will be fully aware and reluctant to swap funds for huge numbers of shares in an illiquid market.

Something's gotta give soon imo

[jackbal] 06/7/2018 12:41

Logan the problem with that analysis is that you are assuming no other type of financing other than share issuance will be available and also that shares will definitely be issued at this lowly Mcap.

You might be correct but it's a hell of an assumption.....

[callmebwana] 06/7/2018 11:05

Ha,Ha,haa. :o) Yes Tad you can turn the English language to humour at times.

[qui quaerit reperit] 06/7/2018 10:53

Lol Bwana:)) I did not mean that!!!:)

[callmebwana] 06/7/2018 10:46

Logan, I don't think AMC will be around in 3 years time. It will be bought out.
o/T.
In the mean time look up FFX. I have been holding that for a while or AAZ. I could go on but won't.
GLA.

[callmebwana] 06/7/2018 10:16

Tadaska ,a sense of humour LOL. What a great TOOL !!! :o)

[loganair] 06/7/2018 09:40

Just to cover the current expenditure over the next 2 years will mean AMC increasing the number of shares in issue by as much as 70% as the loans and interest on the loans are paid for by issuing new shares.

That's a lot of shares to come on to the market!!!


In just 3 years will mean doubling the number of shares in issue.

[seaclipper] 06/7/2018 09:35

Seems to me that most peeps on here expect a decent rise in our share price once the PFS comes through and the possibility of funding news that may follow from that., well if BCN is any guide to that scenario many on here are in for a shock because a PFS and FUNDING news has done NOTHING for them.

AT THE moment .

[thelads1] 06/7/2018 06:49

bit harsh calling duxy that..... :))

[qui quaerit reperit] 05/7/2018 22:25

Thank you duxy! What a great tool,will save me so much time in a future:)

[kumala] 05/7/2018 18:02

Fab... and we get an increase in share price by 5%.... hopefully bottom reached and we see more increases in share price moving forward. :)K

[duxy786] 05/7/2018 17:45

https://www.onlinedoctranslator.com/en/translate-russian-to-english_ru_en;jsessionid=813694FFE4DFB74787F68EB58FDF173F

[s0lis] 05/7/2018 13:19

OT

Has anyone found a way of traslating PDF's and .docx from Russian to English ?

[madengland_] 05/7/2018 12:37

Off BCN rns today....Bear in mind we are near PFD and what our ebitda will likely be! Highlights-- US$150 million senior debt facility secured with leading specialist finance provider at competitive rates-- Follows favourable Feasibility Study which assigned a pre-tax US$1.253 billion NPV8 to the Sonora Lithium Project