Amur Minerals Share Discussion Threads

[crazytowner] 09/3/2020 07:07

ebomber, you are obviously posting on the wrong thread.... Get ready for the drop on the poor Tern financing just announced

[ebomber] 09/3/2020 06:24

I expect the "bucket shop" funding to be announced this week.

[seewhatlmean] 08/3/2020 21:59

BOOOOOOOOMMMMM!!!!!

[seewhatlmean] 08/3/2020 21:58

From the experts at Shareprophets:With markets in turmoil over the corona virus, it is a terrible time to be rattling the tin for cash-guzzling AIM stocks. And that brings me to jam-tomorrow Iot investment company Tern (TERN): how much cash has it got left and when's the placing?In theory, the answer should be that it has plenty of cash. After all, at its last set of number (to June 2019) it was boasting £1.4 million of cash on its balance sheet then raised £1.75 million in a placing and has just announced a portfolio sale to bank another £100,000 or so. So it is awash with cash?Not so fast! As I pointed out at the time, the position last June was that whilst current assets sat at £2.15 million, £0.78 million of that was trade and other receivables which in the past referred to monies due back to Tern from its investees which had little to no hope of being repaid. Meanwhile on the current liabilities side there were £468,000 of bills stacked up to be paid. So I would suggest the number in one's mind for remaining cash should have been £0.9 million at that time.The interims also recorded approx. £0.7 million in outgoings from Admin and other costs which I doubt will have changed very much and so just over eight months on I would suggest our tally should now sit at more of less zero.Since the interim period end Tern added £1.75 million from a placing. I would normally knock of 5% for expenses for that, but the cashflow statement from last year's interims shows that Tern actually coughed up 10% from its earlier placing to raise £1.5 million during the first half. That's a heck of a lot of coke and hookers. So shall we call the £1.75 million placing perhaps just £1.58 million after crony capitalists' costs? Add on the £0.1 million from the disposal announced last week, and Tern had £1.68 million to spend.The company told us on 12 November 2019 that since the interim period it had invested £1.1 million in its portfolio companies and last week we learnt that Tern had taken part in funding further loans to Device Authority which on past form will have cost it $0.3 million, or about £0.23 million – not that Tern has 'fessed up to that in an RNS yet (although I note that following my jibes over a loan secured over tax credits to Device Authority, Companies House now records that the loan is settled with the relevant filing submitted on 4th March – pleased to be of help!)In theory that leaves just £350,000 for Tern to play with although that £1.1 million may or may not include £0.5 million of loan note conversions and there will surely have been further outgoings to its investees since 12 November. But let's be uber-generous and call it £0.8 million, Except that figure will be falling by over £100,000 every month in admin and other expenses on past form, and one would assume there will be further payments of around £0.25 million per quarter to Device Authority.So I suggest that Tern will be all out of cash perhaps by the half year at the end of June unless it gets a placing away.In the meantime, Tern's FY numbers are due – which will mean demonstrating to the auditor that it has a year's cash in the tin in order to be signed off as a going concern. That'll need around £1.4 million just to cover admin and general costs – not to mention that its investment portfolio (including Device Authority) is still guzzling cash at a rate of knots.As such, it seems that a fundraise of at least £1.4 million is needed pretty urgently and I would suggest perhaps as much as £2.5 million would be needed, if I were the auditor, to sign this crock off as a going concern.The problems don't stop there. Tern's last placing were at 11.15p last October (following a disgraceful non-confirmation of a funding round for Device Authority which never happened, but which sent the shares temporarily skywards), 8.5p last April and 26p in July 2018. Now the shares are just 7.75p and markets are all in a spin over corona virus.That is going to be hard to sell –unless the discount is huge. 5p anyone? Less? Or will Tern be forced once again into the hands of death spiral funders – and we know what happened last time with that.In short, Tern is still – as per my tip of the year – a SELL

[seewhatlmean] 08/3/2020 21:58

From the experts at Shareprophets:With markets in turmoil over the corona virus, it is a terrible time to be rattling the tin for cash-guzzling AIM stocks. And that brings me to jam-tomorrow Iot investment company Tern (TERN): how much cash has it got left and when's the placing?In theory, the answer should be that it has plenty of cash. After all, at its last set of number (to June 2019) it was boasting £1.4 million of cash on its balance sheet then raised £1.75 million in a placing and has just announced a portfolio sale to bank another £100,000 or so. So it is awash with cash?Not so fast! As I pointed out at the time, the position last June was that whilst current assets sat at £2.15 million, £0.78 million of that was trade and other receivables which in the past referred to monies due back to Tern from its investees which had little to no hope of being repaid. Meanwhile on the current liabilities side there were £468,000 of bills stacked up to be paid. So I would suggest the number in one's mind for remaining cash should have been £0.9 million at that time.The interims also recorded approx. £0.7 million in outgoings from Admin and other costs which I doubt will have changed very much and so just over eight months on I would suggest our tally should now sit at more of less zero.Since the interim period end Tern added £1.75 million from a placing. I would normally knock of 5% for expenses for that, but the cashflow statement from last year's interims shows that Tern actually coughed up 10% from its earlier placing to raise £1.5 million during the first half. That's a heck of a lot of coke and hookers. So shall we call the £1.75 million placing perhaps just £1.58 million after crony capitalists' costs? Add on the £0.1 million from the disposal announced last week, and Tern had £1.68 million to spend.The company told us on 12 November 2019 that since the interim period it had invested £1.1 million in its portfolio companies and last week we learnt that Tern had taken part in funding further loans to Device Authority which on past form will have cost it $0.3 million, or about £0.23 million – not that Tern has 'fessed up to that in an RNS yet (although I note that following my jibes over a loan secured over tax credits to Device Authority, Companies House now records that the loan is settled with the relevant filing submitted on 4th March – pleased to be of help!)In theory that leaves just £350,000 for Tern to play with although that £1.1 million may or may not include £0.5 million of loan note conversions and there will surely have been further outgoings to its investees since 12 November. But let's be uber-generous and call it £0.8 million, Except that figure will be falling by over £100,000 every month in admin and other expenses on past form, and one would assume there will be further payments of around £0.25 million per quarter to Device Authority.So I suggest that Tern will be all out of cash perhaps by the half year at the end of June unless it gets a placing away.In the meantime, Tern's FY numbers are due – which will mean demonstrating to the auditor that it has a year's cash in the tin in order to be signed off as a going concern. That'll need around £1.4 million just to cover admin and general costs – not to mention that its investment portfolio (including Device Authority) is still guzzling cash at a rate of knots.As such, it seems that a fundraise of at least £1.4 million is needed pretty urgently and I would suggest perhaps as much as £2.5 million would be needed, if I were the auditor, to sign this crock off as a going concern.The problems don't stop there. Tern's last placing were at 11.15p last October (following a disgraceful non-confirmation of a funding round for Device Authority which never happened, but which sent the shares temporarily skywards), 8.5p last April and 26p in July 2018. Now the shares are just 7.75p and markets are all in a spin over corona virus.That is going to be hard to sell –unless the discount is huge. 5p anyone? Less? Or will Tern be forced once again into the hands of death spiral funders – and we know what happened last time with that.In short, Tern is still – as per my tip of the year – a SELL

[seewhatlmean] 08/3/2020 21:58

From the experts at Shareprophets:With markets in turmoil over the corona virus, it is a terrible time to be rattling the tin for cash-guzzling AIM stocks. And that brings me to jam-tomorrow Iot investment company Tern (TERN): how much cash has it got left and when's the placing?In theory, the answer should be that it has plenty of cash. After all, at its last set of number (to June 2019) it was boasting £1.4 million of cash on its balance sheet then raised £1.75 million in a placing and has just announced a portfolio sale to bank another £100,000 or so. So it is awash with cash?Not so fast! As I pointed out at the time, the position last June was that whilst current assets sat at £2.15 million, £0.78 million of that was trade and other receivables which in the past referred to monies due back to Tern from its investees which had little to no hope of being repaid. Meanwhile on the current liabilities side there were £468,000 of bills stacked up to be paid. So I would suggest the number in one's mind for remaining cash should have been £0.9 million at that time.The interims also recorded approx. £0.7 million in outgoings from Admin and other costs which I doubt will have changed very much and so just over eight months on I would suggest our tally should now sit at more of less zero.Since the interim period end Tern added £1.75 million from a placing. I would normally knock of 5% for expenses for that, but the cashflow statement from last year's interims shows that Tern actually coughed up 10% from its earlier placing to raise £1.5 million during the first half. That's a heck of a lot of coke and hookers. So shall we call the £1.75 million placing perhaps just £1.58 million after crony capitalists' costs? Add on the £0.1 million from the disposal announced last week, and Tern had £1.68 million to spend.The company told us on 12 November 2019 that since the interim period it had invested £1.1 million in its portfolio companies and last week we learnt that Tern had taken part in funding further loans to Device Authority which on past form will have cost it $0.3 million, or about £0.23 million – not that Tern has 'fessed up to that in an RNS yet (although I note that following my jibes over a loan secured over tax credits to Device Authority, Companies House now records that the loan is settled with the relevant filing submitted on 4th March – pleased to be of help!)In theory that leaves just £350,000 for Tern to play with although that £1.1 million may or may not include £0.5 million of loan note conversions and there will surely have been further outgoings to its investees since 12 November. But let's be uber-generous and call it £0.8 million, Except that figure will be falling by over £100,000 every month in admin and other expenses on past form, and one would assume there will be further payments of around £0.25 million per quarter to Device Authority.So I suggest that Tern will be all out of cash perhaps by the half year at the end of June unless it gets a placing away.In the meantime, Tern's FY numbers are due – which will mean demonstrating to the auditor that it has a year's cash in the tin in order to be signed off as a going concern. That'll need around £1.4 million just to cover admin and general costs – not to mention that its investment portfolio (including Device Authority) is still guzzling cash at a rate of knots.As such, it seems that a fundraise of at least £1.4 million is needed pretty urgently and I would suggest perhaps as much as £2.5 million would be needed, if I were the auditor, to sign this crock off as a going concern.The problems don't stop there. Tern's last placing were at 11.15p last October (following a disgraceful non-confirmation of a funding round for Device Authority which never happened, but which sent the shares temporarily skywards), 8.5p last April and 26p in July 2018. Now the shares are just 7.75p and markets are all in a spin over corona virus.That is going to be hard to sell –unless the discount is huge. 5p anyone? Less? Or will Tern be forced once again into the hands of death spiral funders – and we know what happened last time with that.In short, Tern is still – as per my tip of the year – a SELL

[crazytowner] 08/3/2020 19:38

As per IG .... Currently 100% of investors are long.The only shorts on AMC are the imaginary ones of the childish Tern investors..Total scum

[seewhatlmean] 08/3/2020 11:20

Are you saying that Ebumber and Gooey Frog are compulsive liars?Surely not.