Amur Minerals Share Discussion Threads

[schachmeister] 10/3/2019 16:41

Good Post nvfda,it's always more credible when a post has some logical reasoning behind it like yours, so respect to you Sir.

I agree that if better financing is secured then this will indeed fly and contrary to what you think, I do not consider this to be impossible,although I think it unlikely at this moment in time.

This is far too risky to short at 2.9p,any funding /JV news and your fried.I'm just an opportunistic predator on the prowl and next week should be interesting one way or another.

[nfvda] 10/3/2019 15:27

Schech:You are shorting AMC. I respect you and your position. You have put your money where your mouth is and put forward your arguments to support your position. I wish we had more of you and less of the deramping idiots. I agree that if we take on more finance like Crede etc this will not be great for the short term share price. We do however now have a much more bankable asset which stands up to financial scrutiny. It is therefore much more likely that alternative financing can be found. You will say this is impossible of course but I happen to disagree. If better financing is found, you are smart enough to know this will fly. You can't keep quoting previous finance or share price performance as we are further along now. Such is the nature of oil and mineral minnows. I am very interested to see what happens next week (if anything). Nice to have you back on the board to stimulate intelligent discussion.

[schachmeister] 10/3/2019 14:29

In response to Qui quaerit reperit's post, which was far from compelling in its reasoning ? Any potential investor need only to look at the share price performance for the fairest assessment of just exactly how Amur Minerals are fairing and the share price shows a virtual wipe out (94% fall) in the last 4 years or a 91% fall since coming to market in 2006.

I think even the staunchest "sane" Amur supporters will be dreading the prospect of yet another Death Spiral starting at 2.9p to remove the little remaining value shareholders have left here.

The is Aim, The Wild West of the Investment World where 90% are guaranteed to lose,Amur Minerals is an excellent Aim example.

[qui quaerit reperit] 10/3/2019 14:07

Just filter the creatures! They are no human, paid derampers trying to save $100 so they can buy themselves and trade for $10 profits:) these creatures will be back to their caves as soon as they robbed newbies!!! Do not trust them!!!BB User FilterThese are the users that you have chosen to filter out from the BBs:User:e j blythegoofrobjrewing3loganairplat hunterroofer2russian turnip farmerschachmeistertialouise

[plat hunter] 10/3/2019 13:26

$10 a lb.. If you believe that Nickel will get to $10 and hold there long enough to sustain such a large project area then you really are clueless.

[schachmeister] 10/3/2019 12:45

It should be interesting next week here as the Riverfort loan deal concludes on Wednesday and Amur still need to repay around $1,600,000 (40%) that is still outstanding on the Riverfort loan...plus they also need another finance deal on top of the outstanding sum to remove the 'going concern' issue and secure the managements $1,500,000 annual salary and $500,000 annual cost required to remain listed on aim.

Shareholders can expect a 1p drop on announcement of another Death Spiral and another 1.5p drop over the next 12months as the 100.000.000's of millions of unwanted shares are sold relentlessly onto the tiny illiqid amc market.

Anyone who doubts this outcome need only check out the previous Death Spirals with Crede & Riverfort.
Crede took the share price from 12p to 2p and Riverfort have taken it from 7p to 2p and they still have $1.600,000 worth of shares to be issued by Wednesday.

There is nothing that can be done about this, it's just the way it is, the 7 man management team need $2,000,000 each year to pay their salaries and remain listed and no one,other than a Death Spiral Financier is willing to invest,so unfortunately, it's a necessary evil.

The private investor has only one realistic option when a Death Spiral is implemented on a company that you have shares in and that's to sell up and go short or simply sell up if shorting' s not your thing.

This investment advice has proved to be
totally sound here since Crede & Riverfort arrived some 3 years ago.

The problem for most P.I's here is that the losses are so large that its hardly worth selling as P.I 'Isphahan' has openly admitted over on the lse board.

It's a very sad & depressing place here and expensive lessons have been learnt but this is the cesspit of aim and it takes no prisoners, 90% will lose, those are the facts !


Disclaimer...Investments in Siberian Mining explorers can go down as well as lower and you are almost certain to lose your entire investment as proven here by the 92% fall in the last 4 years.

Please do your own research before investing as these companies are almost certain to decimate your investment.

Good Luck & Happy Investing !

[plat hunter] 10/3/2019 11:25

Have AMC hired that crucial employee to drive the digger for 6.5k sterling a year yet?

resource worth billions and yet a company in good such state, struggles to hire a digger driver on siberian wages.

If you send me your bank account number and sort code, my cousin in Nigeria will make you very rich as he is an exiled prince you see and he just needs a little bit of cash to unlock the vast riches, which he promises to share with you.

[nolosstillsell] 10/3/2019 10:41

Hi CT, On page 1.16 of the PFS Summary it has the NPV for $10/lb in the sensitivity table.

I do get where you are coming from re the Bod etc.

[tialouise] 10/3/2019 09:10

Looks like the tide is going out permanently lol

[e j blythe] 10/3/2019 01:34

Looks like the tide is turning.

Keep the faith.

Fill your boots, lads!

[crazytowner] 09/3/2019 23:55

So the general perception is that nickel long term price is 10, yet AMC use just 8, with no reference to an NPV based upon 10.We have had years of delayed information which has simply made it easier for the drip feed financing agreements to take 20% whilst holders and buyers are locked in at losses. The EV market is coming / here, if the current team can't begin to monitise it, then we need a different team

[crazytowner] 09/3/2019 23:46

Very positive for the end game here, very frustrated with the interim.AMC need to show the market that they can do more than just drill holes.It's about time they start to show the long term holders that there is a strategy in place to get this sold.

[loganair] 09/3/2019 16:52

Edison - Analysing the discount: From resource to sanction, published in January 2019, we calculated that, excluding outliers, the average value of companies with projects at PFS stage is 9.9% of attributable NPV, with a range between -15.4% and 51.3%. On the basis of Amur’s published NPVs (at US$8.00/lb Ni), this would imply a valuation for the company of US$60.8m (or 8.7c/share) based on the toll smelt option, or US$97.8m (or 14.0c/share), based on the low-grade matte option. However, given the relationship between valuations and IRRs seen in our report, coupled with both scenariosâS64;™ high IRRs, these percentages could increase to 13.0% for the toll smelt option and 15.9% for the low-grade matte option, implying valuations of US$79.9m (or 11.4c/share) and US$157.0m (or 22.5c/share), respectively. These compare with valuations calculated in our April 2018 note of 15c and 27c respectively, based on a 10% discount rate applied to forecast dividends (although these were calculated at a nickel price of US$7.50/lb and assumed equity dilution at a 4.4p share price).

[nfvda] 09/3/2019 16:27

I too believe a substantial share purchase by the BOD would send a great message and potentially would trigger a decent rerate. Not holding my breath on this one though...but it's the classic bit of news that could come at any point. For the time being, it's comforting to know my sins agree with the professionals...that is that relative to peers, we should be between 11p and 22p for current known status. That's a useful rise from here and is where we should be NOW. The really big numbers will not come for another couple of years, but the price should drift turbulently up from here. I wouldn't suggest anyone invest their life savings in amc...but it's a decent risk / reward from these levels. I'd just skip this board as frankly, for this share, LSE has a much more intelligent discussion forum ?

[inaminute] 09/3/2019 15:40

I would like to see the directors increasing their holding, I thought the previous monthly amounts were ridiculously low and probably caused more trouble than having no scheme at all.In a much more positive note, I keep returning in my mind to the November presentation. At the time we had the furore over the delay to the PFS and the cancellation of the media week. RY made a point of saying some parties, particularly the Chinese, had taken longer to complete tasks (due diligence?) than had been expected but that they were meticulous and thorough. What has been the outcome of that? What have the Chinese been mulling over that we have yet to see? So many possible connotations, hopefully we'll see before too long

[roofer2] 09/3/2019 08:48

CMB you really don’t know what your doing never mind saying, your now changing stance to what I’ve been saying for years, more funding share dilution till it all goes pop!
Imo

R2

[roofer2] 09/3/2019 07:48

That Bwana has been eating far too many kebabs with cheap moonshine, truly lost the plot but no one takes the clown seriously, he is only bar staff at the local !
Imo

R2

[bwana4] 09/3/2019 05:56

Production to start 2023, yes AMC starts Mine build in 2022 and production will start a year later.
It is the Road build news that I am looking forward to. The road will be shared by other Co.s as well. If they start the road build some time in 2020 everything falls in place,better still if they start work on the road this summer,a bit confusing as the document says work starts 2022 and production in 2023. That needs clearfying.
I am hoping the Russians get their finger out and get the road finance sorted.
Time always answers our questions anyway.
I know the Chines are good at construction so give the contract to them to start work on the road.
Any news re the road build finance and Boom for AMC share price.
WHAT SHARE PRICE THEN RATS??
ATB to all LTM Holders, GL as well.😃ԅ18;😆😀;

[tialouise] 08/3/2019 22:38

Is there one to get rid of you lol amc price reversal next week Rodney lol

[duxy786] 08/3/2019 22:26

One to get rid of the idiots off here....https://petition.parliament.uk/petitions/242399