Amur Minerals Share Discussion Threads

[maybachfromlse] 30/9/2018 14:41

Hello Amurites.

Many holders in AMC have had enough of CEO Robin Young's constant lies and lack of working in the shareholders interest.

If you share this view, some of us holders are planning to use our holders voting rights to boot Robin Young from AMC at the next AGM, however we need more support.

Please post a rough holdings you are willing to use to combine with ours.

We are currently at 2.8m shares

[qui quaerit reperit] 30/9/2018 12:19

2. Yes Bwana he needs to because we need to start building the road next year,this year season is nearly over unless they will start building from the other end (300km) and by begging of next season hopefully about 100-150km will be done:)Have a good weekend too!

[callmebwana] 30/9/2018 10:45

I was just browsing through III AMC BB and came across a very amusing post by Banman.
on the 6th of June.I hope he does not mind me posting it on here.

JUST FOR LAUGHS.

Nickel reached an all time high of $54050 1/mt in May of 2007. That is $24.52/lb.
That would give us a throat gagging, eye watering,but clenching and underpants soiling in the ground value today of $86.5 BILLION.
NPV on earlier of :0) wait for it!! $10.15 P/S = £7.56.

LOL. :0).. LME Nickel Stocks falling, Nickel Price with it ! Anything is possible in this Mad World of ours. Nothing surprises me anymore.

[callmebwana] 30/9/2018 09:37

2-4 October AMC will be at The Minx Forum in Moscow. I wonder who will be on the podium this year from AMC ? Not Randy I hope.

My view on what is going on with Riverfort.

1) RY only drew $4 Million. from the deal.Why? He had the PFS but did not release it.
( As Cowboysteve on LSE found it on SRK website it was finished in 2017 I think ).
Why did RY not release the PFS? Because the deal with Riverfort would have diluted the shares far to much with this current deal also the PFS would have been not a strong one.
RY could have met Riverforts milestones,that they set out to get more money from them.
2) I think he has some good news that he will release to us shortly, Road Finance, PFS,,J/V or whatever.Good news it has to be to get this share price moving in the right direction.
3) He wants to re-negotiate the Finance dealt at higher share price with Riverfort.
Most deals can be renegotiated.
So, I will wait and see what news we start to get.
4) He announces to us the new deal with Riverfort at a higher share price.
Robin wants to pull two rabbits out of the hat not one. AIMHO of course.
Have a good weekend all.

[qui quaerit reperit] 29/9/2018 14:47

I know buddy,but maybe he missed it because he was busy signing the deal...:))

[callmebwana] 29/9/2018 14:22

Tad, Randy was missing at the EEF, why? How can AMC sign a deal ,if they were not there to sign anything ??
I hope you are right in a way,I think something is brewing in the aback ground with AMC but what ?
Many questions arise in my mind,that I can't answer.No selling by Riverfort etc !!
The biggest question is why no Media Week by AMC ??
Perhaps we will get an RNS on Monday that may clarify things? We certainly need some news whether good or bad.
PS. Just read RedLee's post at 11.16. on LSE BB. I tend to agree with his thoughts.
Perhaps RY is trying to renegotiate a new deal with Riverfort .

[qui quaerit reperit] 29/9/2018 10:23

The leader in the number of signed agreements was the Primorsky Territory (23 documents for 106 billion rubles), at the cost of agreements - the Chukotka Autonomous District (5 agreements for 360 billion rubles

[qui quaerit reperit] 29/9/2018 10:22

Wonder if this is the reason Amur has gone quite and announcement is pending soon....???VEF-2018 was a record for the amounts of signed agreements28/09/2018 # WEFFinal results on the number and volumes of documents signed at the VI East Economic Forum were summed up. A total of 220 agreements, contracts, memoranda, protocols worth $ 3 trillion 185 billion rubles were signed. This amount is 1.3 times higher than the WEF-2017."We are not chasing the excess of figures. Most likely this is evidence that the forum is a success, "- said Deputy Prime Minister of the Russian Federation - Plenipotentiary Representative of the President of the Russian Federation in the Far Eastern Federal District, Chairman of the Organizing Committee of the WEF Yuri Trutnev."The Eastern Economic Forum is becoming a significant event of the world level every year. Every year we see increasing interest from domestic entrepreneurs, the world's largest business, the political elite. This year, the WEF was visited by four heads of state, including the first arrived by President Xi Jinping of China. Our goal is to make the forum more interesting from year to year, and its results give a tangible result for the development of the Far East, "said Russian Minister of the Far East Development, Deputy Chairman of the Forum Organizing Committee Alexander Kozlov.58 agreements have been concluded with international and foreign companies. Of these, the majority of documents were signed with companies from China (31 agreements amounting to 290.6 billion rubles), Japan (16 agreements amounting to 1,591.1 billion rubles) and the Republic of Korea (9 agreements amounting to 9.5 billion rubles)."The agreements signed at the Forum have a high international component, which underlines the role of the WEF as a significant platform for multilateral cooperation at the level of companies, regions and states in the Asia-Pacific region. The implementation of these agreements will contribute not only to the socio-economic development of the regions of the Far East, but also to strengthening Russia's cooperation with the Forum countries, "said adviser to the President of the Russian Federation Anton Kobyakov. 21 Ministries and departments of the Russian Federation signed agreements on cooperation in various sectors. In addition, 15 regions of the Russian Federation signed 86 documents for a total of 683 billion rubles (information about which is not a trade secret). The leader in the number of signed agreements was the Primorsky Territory (23 documents for 106 billion rubles), at the cost of agreements - the Chukotka Autonomous District (5 agreements for 360 billion rubles).VEF-2018 (PHOTO REPORT)Most of the documents signed in the fields of VEF-2018 are related to the social and economic development of the Russian regions, industry and construction, international and interregional cooperation, banking, fuel and energy complex, high technology and telecommunications, and mining.Among the most significant documents is the agreement on the implementation of the project for the development of the deposits of the Baim ore zone between OOO GDK Baimskaya, KAZ Minerals PLC, the Government of Chukotka and the Ministry of Economic Development of the Russian Federation (360 billion rubles); an agreement to create a clean methanol and ammonia production facility between ZAO Nakhodka Fertilizer Plant and Far East Development Corporation JSC (279 billion rubles); an agreement between the United Aircraft Corporation (UAC) and PJSC Aeroflot on the delivery of the SukhoySuperjet-100 aircraft (210 billion rubles) to the airline; a credit agreement between Vnesheconombank and the Development Bank of China on the representation of the Russian state corporation in the amount of up to 12 billion yuan (120 billion rubles); a strategic partnership agreement between the Russian Direct Investment Fund, Alibaba Group, PJSC MegaFon and Mail.Ru Group, which will create the largest joint venture in the field of social commerce in Russia and the CIS to integrate key consumer Internet and e-commerce platforms in Russia (120 billion rubles).Recall, VEF-2017 was concluded 217 agreements for 2 trillion 496 billion rubles. At VEF-2015, 80 agreements were concluded in the amount of 1.3 trillion rubles. At WEF-2016, 216 agreements were signed for the amount of more than 1.8 trillion rubles).

[madengland_] 29/9/2018 07:46

And even if the news happened Monday and Riverfort had not made a conversion "Each advance will have a Reference Price ("Reference Price") equal to the average VWAP of the 20 trading days immediately prior to the date of the advance. Where the Company has elected not to repay an installment and the Investors have elected to convert, the conversion price will be the lower of 130% of the Reference Price (the "Fixed Conversion Price"), and 90% of the lowest daily VWAP over the 5 trading days immediately prior to conversion. The Investors shall have the right to convert each advance at any time at the Fixed Conversion Price."

[madengland_] 29/9/2018 07:38

Because we are on track with principal and interest payments..... suspect another conversion soon"As at reporting date the balance of the loan, net of issue costs, stood at US$2.4 million"

[seaclipper] 28/9/2018 17:42

No selling. ....why should they ...big news soon to hit....no brainer

[madengland_] 28/9/2018 16:07

Application will be made to the London Stock Exchange plc for 3,491,171 new Ordinary Shares to be admitted to trading on the AIM market with admission expected to occur on or around 25 September 2018No selling..... even on a news day

[jackbal] 28/9/2018 12:58

mad I hope you are correct with the hunch. Unfortunately for me I need to see it to believe it and the asset undoubtedly was worth a punt in my eyes. I think I said at the time I didn’t have much confidence RY hence a gamble and a risky one at that.

I hold another stock (won’t mention name as not my intention to ramp it) who are also sitting on huge as of yet pre production assets. However in that company they have institutional investors, the bod have huge skin in the game and all recent additions to the board were given option packages at healthy premiums to market. The company is also covered by a range of respectable brokerage firms who all have high price targets. All of those factors made me comfortable taking by far my largest position.

If you compare to the situation here it’s chalk and cheese.

Until RY shows his hand regarding financing I can’t get anymore excited about the asset.

For those that are putting confidence in him to pull this off you deserve every success as this is at highest risk end of high risk in my opinion.

[callmebwana] 28/9/2018 12:44

O/T.
I see the Naked Trader has bought into FFX !! @ £1.38. His target is £1.70.
I mentioned FFX quite a while ago on here.NAI.

[madengland_] 28/9/2018 12:21

Jackbal, the absence of Riverfort selling is interesting, as I don't think they would get an early look at a PFS but I do think they'd get a nod to maybe keep off selling. Timings of agreements on finance suggests news (PFS one would presume)could be early October if you believe the assumptions made by some of the posters on LSE. Tbh I can't be bothered trawling back through any rns. I do think however that something else will be announced around the PFS. I now believe it's done and being held back. The total lack of acknowledgement of Randy non attending the EEF is to me potentially a sign of talks. This speculation came from some good posters on here and I admit I was cyclical, very cynical. But I have a hunch. If wrong we have a PFS at some point, be it October or soon

[jackbal] 28/9/2018 11:07

Interesting to read some of the posts today.

Personally I fear heavy dilution before Russian loans are available.

I have timed my purchaes badly (6p ish average) and can’t blame anyone other than myself for that but RY and his team have clearly overpromised and the cynic in me says this was simply to create volume to allow more loan conversion and that he has been slippery.

I won’t be putting another cent in to this but being a gambler don’t want to take losses.

I sincerely hope that anyone that is adding is rewarded for not being cynical.

Good luck all

[callmebwana] 28/9/2018 09:56

Next step for RY after the completion of the PFS is to apply for the TOA from the
Russian Government. For the mine design to be approved by them.
After the TOA the FEDF can perhaps give/loan the funds to build the road.I don't know how the Russians view this project. If they want it done pronto then perhaps the road money will come after the PFS. It is all going to take time for sure.
GLA.

[callmebwana] 28/9/2018 09:27

Morning all.
A while back I did post that the PFS was completed by SRK on this BB.
Cowboysteve on LSE BB found the PFS listed on the SRK website. SRK website shows all the PFS's completed by SRK, AMC was listed on there. .
Ry would be very busy updating the PFS right now with the new drilling figures and the mine design. JORC reports coming in, etc.
I know AMC are going to need more funds and they will probably come from Riverfort.
Just waiting for the news to come from RY. Patience required IMO.

I think something big is happening in the background. It will all come out in time.
I also posted last night that Riverfort are in the know to,hence no selling by them.
PDYOR.

[seaclipper] 28/9/2018 09:03

madengland - well what a change of stance - very pleased you have - all will be revealed soon - perhaps you should have considered a top up when we were @ .0386 as I did - but still a bargain ...happy days .

[madengland_] 28/9/2018 07:48

Its a very confidently well written report. I am going to top up over next week. This looks good. Expect the PFS and JV news in one go. When? Not too certain it good be a few months

[madengland_] 28/9/2018 07:44

Roger, that my friend is the billion dollar question. In the past when we had delays with RPM, the company was quick to point that out. We totally appreciate that the PFS is complex, but I agree the delay is not justifiable. The next funding tranche which RY has signalled he wishes to draw down requires that milestone. Interesting he mentions the relationship with Riverfort is good. One possible scenario is that he has something in the pipeline at which point we may not need more funding of this type or that he knows the Sp will be higher so less equity will be used. He's holding back the PFS deliberately.? As a few on the board have speculated while I've been getting a bit grizzly and cynical, it's possible that Randy didn't turn up to EEF for the reason that we are respecting the late stage of talks we are in with a JV. Interesting RY has still not mentioned Randy failing to go to this.... and he's not even entertained answering the question. I'd say we are in the late stages of a deal, that the PFS has opened the door to. We get the PFS and the deal in one hit. The subsequent loan draw down in needed is at a much higher sp, which also explains why Riverfort aren't selling. They'll have had a quiet nod.I better start writing my letter of apology to RY!

[gizmohican] 28/9/2018 07:25

Using March 2018 metal prices for all commodities, the Ni Eq grade is 1.02% (2017: 1.03%) containing a total in situ metal value estimated to be in the order of US$ 21.3 billion (2017: US$ 10.4 billion). The in-ground value increase of 105% is due to the addition of 50% more metal and the increase in nickel, copper and cobalt prices during the most recent 12 months. Metal price changes account for US$3.6 billion of the increase over the 2017 MRE with the remainder (US$ 7.3 billion) being attributable to the newly defined resource.

[thelads1] 28/9/2018 07:13

but will not impact the release of the Pre-Feasibility Study ("PFS") which is in a very late stage of completion.