Amur Minerals Share Discussion Threads

[loganair] 04/11/2019 11:12

£1.2mln before expenses = £1.05mln after expenses.

£625k goes to pay off the Riverfort loan leaves them with about £400k.



Late AUGUST - Amur Minerals Raises Over GBP150,000 As Non-Executive Takes Shares. This £150k has lasted barely 2 months which means the £400k AMC have just got will last them maybe until the end of February next year, if they are lucky.

[loganair] 04/11/2019 11:06

Nearly 87mln new shares have been issued in the past 7 days to just keep AMC running for another 4 months.

[greenelf] 04/11/2019 11:05

Or there is just buying pressure..

[loganair] 04/11/2019 11:03

"that the Company has raised GBP1.2 million before expenses through the subscription of 70,588,235 ordinary shares of no par value of the Company ("Ordinary Shares") at a price of 1.7 pence per share ("Subscription"). The subscription is by an asset manager specialising in natural resources."


It seems to me the AMC share price is being pushed higher to allow this asset manager to sell their shares they have bought at 1.7p to the Private Retail Investor at a lot higher price to make a very good profit for themselves.

[ebomber] 04/11/2019 10:58

Roofer2

Understand ShareProphets will confirm the AMC crisis in an excellent article later today.

It is criminal the ramping from the cartel when AMC needs $1 billion to exploit this resource and generate revenues in 10 years!

Clearly an opportunity for them to exit.
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Roofer2
4 Nov '19 - 07:14 - 16 of 20

Yet another 70,000,000 dumped onto the market, looking on the bright side, more for Duxy to buy !

Meanwhile the death spiral continues as the S/P crash towards record all time lows !

Companies like AMC are what give the AIM market a very bad name
Imo

R2
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[duxy786] 04/11/2019 10:51

It matter not. It's time to look forward and this low price is simply a massive opportunity for those long term.No ramp, please do your own research. I am invested here and have n interest in the price going up. Happy to listen to alternative views.

[gizmohican] 04/11/2019 10:36

LME WEEK 2019: Nickel market must focus on class 1 material to sate battery appetites
The nickel market must switch its focus to class-one nickel production if it is to meet projected battery demand, analysts said during London Metal Exchange Week 2019.

Analysts are concerned that traditional production focus on stainless steel may prevent adequate supply of battery-preferential nickel coming online even though this sector will eventually eclipse stainless steel demand. “The exciting area for nickel at the moment is that more nickel will be consumed in lithium-ion batteries and will become [a] bigger [nickel consumer] than stainless steel in time," Fastmarkets head of base metals and battery research, William Adams, said. Fastmarkets research expects more than 500,000 tonnes of nickel to be used in lithium-ion batteries for electric vehicles (EVs) by 2025, compared with 100,000 tonnes in 2018. The anticipated transition to 8-1-1 NCM chemistry batteries for EVs, which will comprise eight parts nickel to one part cobalt and one part manganese, will further bolster this requirement, though the timeline for market uptake thereof is more uncertain. But while nickel production has focused on ensuring supply for stainless steel, which occupies a 68-70%...

[gizmohican] 04/11/2019 10:21

wonder how many shares riverfort still have to sell

[gizmohican] 04/11/2019 09:53

hxxps://www.proactiveinvestors.co.uk/companies/news/906191/amur-minerals-seeks-to-move-on-from-riverfort-as-fund-manager-pumps-in-12mln-of-new-money-906191.html

[ny boy] 04/11/2019 09:44

Have been accumulating recently at these sill prices, when they strike a big deal on the major project the share price will be 10/12p +

Just waiting for my retire early stock (STX) to announce their US lucrative commercialisation deal, then I will add substantially here

[qui quaerit reperit] 04/11/2019 09:37

It happens Mad, I have done many repeating mistakes in my life too...and think everyone has too...But now time to relax and watch a Santa rally:)))

[qui quaerit reperit] 04/11/2019 09:35

Cheers buddy:))

[madengland_] 04/11/2019 09:32

It's the same mistake, twice.....

[gizmohican] 04/11/2019 09:29

Tad just for you and all your hard work......booom!

[qui quaerit reperit] 04/11/2019 09:15

Mad, we all humans and all make mistakes. If RY made mistake should he step down despite what he has done to the company? My answer is - NO. Nobody is perfect and in stock market it is the end result what bothers me, not a journey to it...and even RY said, some time ago, a bumpy road ahead of us...and he was right...now final road stretch where you can accelerate full power...:)

[bwana4] 04/11/2019 09:11

Giz I can't post chart news as I don't have access to my data.

Giz I will post on the AAZ Wanobi thread.
I will ask him to post a chart. He will do it for me.
All welcome to see it there
I will ask him right now.
GLA.

[qui quaerit reperit] 04/11/2019 09:04

Now we need the share price back to 10p where it was when the riverfort loan was agreed...10p please before any further rns!!!:)))

[gizmohican] 04/11/2019 09:00

Bwana how the chart looking pal

[greenelf] 04/11/2019 09:00

A massive turning point!!

[qui quaerit reperit] 04/11/2019 08:58

This is something we all waited for years to happen!!! Get rid off such " investors" and they have finally done so!!! Well done Robin Young!!!

[hubs] 04/11/2019 08:58

A Placing RNS that is also the first RNS leading to an share price rise for about ten years it seems! Couldn't make it up...but very welcome. Onwards and upwards.gla

[buzzarn] 04/11/2019 08:56

Great news. Time to top up.

[gizmohican] 04/11/2019 08:51

I like this bit the best

GBP625,000 of the proceeds of the Subscription will be used to repay in full the convertible loans outstanding to Riverfort Global Opportunities PCC Limited and YA II PN Ltd (together "Riverfort")