Amur Minerals Share Discussion Threads

[rougepierre] 27/5/2020 14:48

Fair enough...I posted it on the wrong Board...

[crazytowner] 27/5/2020 14:45

Your post really wasnt good enough to justify posting twice

[rougepierre] 27/5/2020 14:41

Posted earlier today on the other BB...

Good morning...some of you may have come across me on SOLG and ATYM, where I am a large holder (600k SOLG)...

I've been in AMC before and, having realised some funds elsewhere, was looking for somewhere to start investing...

Purely by chance I noticed that the share price had been hammered here 25%, so I looked up why...

Frankly, despite the placing coming so soon after the previous one, such a fall is nowhere near justified. The new shares will represent less than 5% of the revised total in issue...

However, this is not smart by the BOD and I believe you can look at it two ways...

On the one hand it looks like total incompetence or that they couldn't get more than £750k last time...

On the other hand, and as many people have mentioned, there is clearly a stream of positive news due in the next few months so...

Maybe the BOD genuinely thought the previous placing would be sufficient, together with the loan facility...

But frankly the latter looks plain daft to me and equity has to be a better alternative if indeed the proceeds are being used to repay the initial advance...

Looking at SOLG, the announcement of the off take agreement with Franco Nevada has been a massive foundation to the shares and has provided SOLG with enough to get right through to PFS next summer and do the additional drilling, so...

My guess is that a potential offtake may not be far away here, at which point AMC's financial challenges should be abated and Kun Manie can sail ahead...

Whatever, having previously sold out at over 10p, this opportunity seemed too good to miss, so I'm back in at 1.17p and will keep it under review for further buys...

I have learned through several experiences, most notably ATYM and SOLG, where by patience and averaging I've made six figures out of each so far, that it takes far longer than you think to bring a mine to production or at the very least to where the figures are set in stone so that financing can be concluded...

Which is why I waited until 0.75p to buy KEFI, 1.42p to buy ARCM, 3.89p to buy JAY and 1.17p to return here...and also why I still eschew FOG and ARS...

Hope this helps...

AIMHO as usual and DYOR...

[ary82] 27/5/2020 14:27

Leechang, looks like the big news you were expecting didn’t come!!!!???

[crazytowner] 27/5/2020 14:24

They have conserved cash in the business by taking shares instead of salary..They have had a monthly share purchase in place from the open market..Tom Bowens stuck 160k in..Don't let the facts get in the way of your deramp

[loganair] 27/5/2020 14:10

They took newly issued shares the once as Amur do not have enough money to pay their salary with this is completely different from purchasing already issued shares with their own money.

[crazytowner] 27/5/2020 13:56

Absolutely. I'm sure that there would have been 2 or 3 months fat in the programme, the problem is that it will have just been used up.I get the letting off steam, the price was too low.

[crazytowner] 27/5/2020 13:51

Perhaps you have missed the fact that the chief exec and CFO are taking shares instead of a salary

[loganair] 27/5/2020 13:45

2019 - Amur were saying they were looking for a JV with a company that is experienced in Nickel & Copper and Russia & China jurisdictions and how these jurisdictions work.

If this is one of the big mining companies and they would like to then Amur would be willing to sell outright to them.

Amur is still talking to the Russian Government about them paying for and putting in infrastructure that the mine will need.


2020 - Amur are saying they are looking for a "Off-taker," and that the significant capital need will be paid for by the Off-taker to liberate Amur's asset and to get the mine up and running.

It's too early for any company to get involved with Amur however they're watching this space!



When ever any Amur directors are asked about purchasing shares in Amur themselves their standard reply is "We're looking into it."




1. Other junior Exploration companies in the mining sector have already got involvement by the big miners such as BHP etc - so how come it's still not the right time for these companies to get involved with Amur???

2. Amur has now been talking to the government for 4 years to get them involved with paying for and putting in infrastructure for the mine and so far nothing has been forthcoming. The Government has already paid to have infrastructure put in for other mining companies and it doesn't take these companies 4 years to have this government in put - so why is it taking Amur so long and Why are they still waiting???

3. Why are the Directors of Amur still needing to look into buying shares in Amur the company they are directors of instead of actually buying shed loads of shares in Amur if it is such a good bet???

[inaminute] 27/5/2020 13:43

The TEO has always been key, it unlocks the funding door, as we've been told repeatedly. That's why the Dec deadline should only have ever been a backstop, not a target date, and plenty of contingency should have been built in to their project plans and funding plans to deliver it. To leave us all second guessing for so long is unacceptable. I'm just letting off steam Crazytowner :)

[crazytowner] 27/5/2020 13:21

I understand your frustration Inaminute and time will tell whether purchases at this price were a bargain.News flow is bound to have been held up with the global pandemic, maybe staff stuck in various countries, delays in sample results.. The TEO is absolutely key, without it we are worthless, there's a good chance that this raise was to allow acceleration of the works so that we can still complete on time. With our asset, I wouldn't like to be beholden on the Russian Government extending the deadline to account for the months just lost.

[inaminute] 27/5/2020 13:12

Crazytowner, you've been open about your share purchases and I can see why you're keen to support the positive hypotheses, but the absence of news to support all these moves by the Board is beyond contempt. I've argued so many times for the BOD, on the basis of why they may have done/said the latest sharekiller, but today felt like a kick in the teeth. No more buys without rock solid news, I'm not throwing good money after bad.

[crazytowner] 27/5/2020 12:59

There are other options which you have missed..- This was a different type of investor to previous ones..- The board just sired up funds to get to complete the TEO.- There was always going to be a need for another raise circa October, but there was no guarantee that money would be available..I'd say AMC probably have circa 1m in the bank now, a string of good news ready to be released, a large holder, funds through to TEO completion and an experienced individual in Adam talking to the right people.

[rougepierre] 27/5/2020 12:22

Good morning...some of you may have come across me on SOLG and ATYM, where I am a large holder (600k SOLG)...

I've been in AMC before and, having realised some funds elsewhere, was looking for somewhere to start investing...

Purely by chance I noticed that the share price had been hammered here 25%, so I looked up why...

Frankly, despite the placing coming so soon after the previous one, such a fall is nowhere near justified. The new shares will represent less than 5% of the revised total in issue...

However, this is not smart by the BOD and I believe you can look at it two ways...

On the one hand it looks like total incompetence or that they couldn't get more than £750k last time...

On the other hand, and as many people have mentioned, there is clearly a stream of positive news due in the next few months so...

Maybe the BOD genuinely thought the previous placing would be sufficient, together with the loan facility...

But frankly the latter looks plain daft to me and equity has to be a better alternative if indeed the proceeds are being used to repay the initial advance...

Looking at SOLG, the announcement of the off take agreement with Franco Nevada has been a massive foundation to the shares and has provided SOLG with enough to get right through to PFS next summer and do the additional drilling, so...

My guess is that a potential offtake may not be far away here, at which point AMC's financial challenges should be abated and Kun Manie can sail ahead...

Whatever, having previously sold out at over 10p, this opportunity seemed too good to miss, so I'm back in at 1.17p and will keep it under review for further buys...

I have learned through several experiences, most notably ATYM and SOLG, where by patience and averaging I've made six figures out of each so far, that it takes far longer than you think to bring a mine to production or at the very least to where the figures are set in stone so that financing can be concluded...

Which is why I waited until 0.75p to buy KEFI, 1.42p to buy ARCM, 3.89p to buy JAY and 1.17p to return here...and also why I still eschew FOG and ARS...

Hope this helps...

AIMHO as usual and DYOR...

[ebomber] 27/5/2020 11:48

With one third of AMC placing stock forward sold as demonstrated in high volume activity in just the last fortnight it just leaves 30 million left to be placed.

They have 10 weeks to place this balance before next placing and subsequent dilution.

C'mon Robin you need to show respect to your LTH's and maybe a good time to resign?

With $1 billion of funds to move to resource production in the next 9 years we will be down to 0.25 pence in 2021.

Death Spiral!

[crazytowner] 27/5/2020 11:47

Brasso,Totally disagree, I think this is a different investor.The spread hasn't tightened like before and the Bid hasn't fallen to the placing price.The market opened down meaning nobody got to sell in the 1.2 to 1.5 range, and it looks like they are having trouble buying back in

[brasso3] 27/5/2020 11:21

QQR

I think the people taking part in this placing are the same persons who were involved in the last one. They have been allowed to sell down some of their holding to buy back in again at lower levels.

[qui quaerit reperit] 27/5/2020 11:06

I find it very weird...as soon as someone starts buying large chunks they dump more shares in to the market...its like to stop someone accumulating a %%%

[induna123] 27/5/2020 10:08

The only saving grace for me is that BPC is moving in the direction.

[mr skint] 27/5/2020 09:58

Mr Nando01,,,,,,,,,,,,"We have a significant amount of news now to release and maybe little to no placings required."

I really hope that is the scenario we now face.

[jammytass] 27/5/2020 09:49

It’s definitely a full time scan rinse and repeat to pay the board of directors wages and then suddenly the company is sold for no money back to the Russians con artists can anybody google the complete history of Robin Young and his past track record with companies

[nando01] 27/5/2020 09:41

We are always going to have to do placings. We are not producing so that is our only income source.
If we release news what and do placings what would we have left?
No matter what happens the placings would be sold into.
Say for instance the 2018 results had been released already, we would still be at this price as the placings would have seen to that.
We have a significant amount of news now to release and maybe little to no placings required.
Is it not better to have all the news available to cause the proce to rise when there is no need for dillutuve placings and therefore have a rising price from said news?

[madengland_] 27/5/2020 09:29

Mr. Skint its are rhetorical question, but one asked while sat in a room with a rather large elephant

[brasso3] 27/5/2020 09:23

We are going into a deep recession. Robin is just making sure he has a salary for the next 2 years!