Amur Minerals Share Discussion Threads

[inaminute] 03/1/2020 19:12

Thanks CMBAnybody have any ideas about rate of cash burn? PM made it clear that spend this year will be significantly less than previous years as no drilling etc so essentially desk based. I'm not aware of what has been paid up-front already for the project work being undertaken by the sub-contractors so have no feel for overall requirements. Personally I think reserves update will flush out the JV's that will limit cash requirements for 2nd half of year, on terms that better reflect a truer value of the asset.I'm an optimist, as you may have gathered :-)

[callmebwana] 03/1/2020 16:37

Inaminute sorry to hear about your head cold sir.

Your post is well balanced but where is the finance going to come from in the mean time ?? Is my $64 question ?? The wages and overheads costs still have to be paid for.
I just post my views negative/positive as they maybe.
RY's words, as the so called II investor/s asked that AMC does not go back to River Fort for 3 Months !! Is RY going to go back to River Fort for future financing ??

Mr.S says there are other options there. Until RY changes his spots I will stick to my guns.
Some would look at me as a deramper. That is not true,I have a fair bit of my hard earned cash invested in AMC too. Just like Mr.TB's but my average is much higher then his and the BoD's average.
I could post a 100 good points about the resource too. What good is that if a lot more share dilution is to take place ?? Like Mr.S says we all have our own views and how we will play it out.
ATB.

[twigs3] 03/1/2020 16:24

RTF Thant’s a lot of the reason for AMC market cap, AMC NPV is based on a nickel price of approx $18k and its currently sitting at $14k so doesn’t incentivise investment or JV at the current price, yes nickel is forecast to go up in the coming years but it’s only a forecast so banks and investors will not invest until nickel has been sitting above or close to $18k for a while. IMO

[nolosstillsell] 03/1/2020 16:23

On the basis that imo it looks as though the 10% investors are not holding their stock and appear to be selling into the market. I personally thought the deal was less dilution than what another tranche with Riverfort would have been. No free warrants either and certainly no incentive to drive the share price down.

Granted it wasn't what we hoped for eg Jv etc. I just hope that comes next.

[inaminute] 03/1/2020 16:03

I echo that CMB, he's a trusted poster who has previously been commended by RY many times for his knowledge and perception.

[inaminute] 03/1/2020 16:01

TEO due 1/12/20. Let's take that date as given, although personally I wouldn't be surprised at an earlier submission (I know, shoot me down for that, but that's my feeling) It would be usual to therefore expect at least a first draft to be ready by 1/10/20 to go through internal checks/ re-writes/ due diligence/ informal Russian review (surely!) before final submission. We've been told the TEO opens the door for grant funding/cheap loans etc. My question is when would a prospective purchaser/joint venture partner have sufficient information to show their hand. The reserves will be known about very shortly (they (other co's) probably know it already), the cost reductions RY mentioned can be estimated by any competent company with relevant experience, and the mine plan will be being worked up now based on reserves of nickel and other metals. RY will already have the details of the funding/tax credits etc that can be reasonably expected from the various development Funds. What I'm trying to get to grips with is just how much money IS required to get us to that point in time when a jv/buyer must base their bid/funding on an asset-based estimate rather than the current derogatory company valuation. It surely can't be December so our requirements for 2020, and hence any dilution, may be a lot less than some people think.Somewhere in that brain dump is a positive statement, apologies that a head-cold has shrouded it somewhat!

[callmebwana] 03/1/2020 15:54

A very good post on the LSE BB thread by Red Lee if anyone has any interest.
Red Lee is a Banker by profession. A very clever man who knows his stuff about Mining.

[twigs3] 03/1/2020 14:24

They are going to have to raise a fair bit to complete the TEO and it has to be completed by December 2020 otherwise they could lose the project is my understanding, happy to be corrected.

[callmebwana] 03/1/2020 14:23

Mr.S.
Thank you for your above post.
From past experience it has been burnt fingers by RY,s financial dealings for the LTH's.
Lanstead were kind of OK. Then CREDE were introduced as LTM II investors ??
Hardly !!
One of them had also done bird if I remember correctly !!I looked at them as part of USA underworld people and sold out a lot of my shares then.
They literally took AMC to the cleaners. With warrants and dilution !!
Then River Fort !!

Not a very good record at all IMO !! The last fiasco of giving close to 10% of AMC to a so called investor that could not be named ??
Then the BoD springs a surprise that Mr.Paul McKay had not been taking wages etc,etc !!
Hardly good actions of a faithful BoD with the interest of their share holders !!
Now I would like the faithful ones to counter my views.

I think the BoD's reputation is in tatters. Some may ask me, why I am still here??
Well I am invested in the resource and not the BoD.

As they say,the market is a voting machine and later it becomes a weighing machine.
So Mr Market only values AMC at £15 Million !!
You can fool some of the people some of the time,you can't fool all of the people all of the time . I won't put a penny in this stock until I see what financial deal the BoD comes out with. AIMHO of course.

[crazytowner] 03/1/2020 14:17

Mr Skint,. It is inaccurate to think that the scope is limited as there are number of options are available.. 1. They simply call an EGM and ask for more shares. They obviously now have a friendly 10% holding.2. They enter into an off take agreement..3. They sell part of the Russian subsidiary that actually holds the licence..Anything could happen, but you can u can be sure whatever does, the RNS will be confusing to PIs with the risk that not even the board understand the deal

[mr skint] 03/1/2020 11:49

With regards to finance, I recall seeing a number of communications from the company, stating, several financial options are/were available.

It's up to the ceo to decide which option represents best value and return for all concerned. It does appear, as Mr Noloss quite rightly highlights, they have limited scope this year to create unwarranted dilution of shares V value.

Value creation should be uppermost in their thinking for the immediate future, this would alleviate many concerns highlighted by Mr Towner.

[mr skint] 03/1/2020 11:12

Thanks for your input Mr Towner, I understand what you're saying.

[inaminute] 03/1/2020 10:56

I totally agree CMB, as this is a new board it would be really good if we could all filter the proven idiots, rather than give them the oxygen of a response. I'm not suggesting for one moment we exclude anyone with a negative take on events, but we all know some sad characters crop up solely to disrupt and destroy the credibility of a share board.

[goofrob] 03/1/2020 10:39

I agree with Ebomber...placing coming here...cannot see a justifiable reason to invest. Quite the reversre. But GLA..

[callmebwana] 03/1/2020 10:28

Please use FILTER !!

[crazytowner] 03/1/2020 09:47

Ebomber, you are a proven liar, deceitful, fantasy hindsight trader..You are total scum

[ebomber] 03/1/2020 09:45

31 dec 2019 RNS announcement in attempt to hide the significant cost implication and massive placing monies to keep the lights on in 2020.

Ouch!

[nolosstillsell] 03/1/2020 09:43

They will need to be careful regards any potential fundraising this year as they only have 150m shares.

[ebomber] 03/1/2020 09:40

According to company now less than 19 trading days before next placing announcement.

Ouch!

[crazytowner] 03/1/2020 09:17

Mr Skint,I believe that a NPV of over 4 billion is achieveable with a more realistic forecast nickel price of say $10.5/lb and production of say 10m ore tonnes per year (when incorporating 2018 results). . As a long term holder, it feels that the closer AMC get, the more they progress and derisk, the more painful the dilution has become..The recent placing has 3 points that I am uneasy with. 1. The percentage sold for the cash received 2. The secrecy in the broker / fund manager3. Have AMC secured 10% of future votes from a grateful broker / fund manager who will accept a takeover offer at half of what many long term holders would?

[callmebwana] 03/1/2020 08:31

LOL,Mr.S.
I know AMC has Gold but I think as you have pointed in your previous post,
Playdium and Platinum play a much bigger role for AMC.

Gold has risen from $1200 to $1541 today, I read somewhere that the FED was shorting Gold !! I just followed the Central Banks,they have all been buying Gold, from here to Timbuktu !! The EU Banks were selling Gold before now they are net buyers !!
Weak $ will push the price of Gold close to $1700 this year IMO.
The best preforming share in my portfolio has been AAZ.