Amur Minerals Share Discussion Threads

[11_percent] 26/11/2020 00:05

"which should make this company massively massively undervalued."

Its aboutt he set of crooks that are running it.

[hughez87] 25/11/2020 21:20

Fully with your interpretation of today's news and share price performance Schachmeister!.Hopefully our faith in the fundamentals here are rewarded. :)

[hughez87] 25/11/2020 21:02

Disappointed with todays delay but I did not rule it out previously due to Covid and got hammered for it. Some panicked and sold, I managed to buy a few more around 1.80 which I am happy about. Traders hoping for a pre Christmas payout on start of December TEO submission have left the scene..Things to remember....We are in the middle of a pandemic, achieving TEO submission which put some sort of knock on effect was highly unlikely..In my opinion TEO is likely to be only weeks away given we had a Sept update and as noted only final pieces to complete and reviewed. I still think it could be before Christmas..Our resource and payables metals total have increased increasing final takeover value or JV payout to shareholders.. Robins interview was pretty encouraging and I liked how he talked about China and them wanting to dominate the EV market. He knows they will come knocking. I am still hoping for a price war between several interested parties..I reckon the board will start taking shares as wages again on success of TEO. This greatly de risks the Russian element. Let's face it our share price would not be this low with our asset without an element of risk. I don't blame them for preferring a salary for now with shares already banked..Don't panic as we should be heading north again in due course and a fantastic top up opportunity sub 2p has been offered to us. Our fundamentals have improved and we have plenty of good news to look forward to.

[upthepool] 25/11/2020 20:45

Ah, but the rwo are still voting down.They so need to get a life :-)

[upthepool] 25/11/2020 20:35

Had a look in as saw the price had dropped, so wondered why.It is so frustrating - another delay. Covid is a perfectly reasonable explanation for a delay, but given the history of this BOD it is not really surprising the share price reacted the way it did.The really frustrating thing though is that we all know the stuff is in the ground but can this BOD get it out, and if so, will I still be around to witness it.I notice that the two on the other board have not said much today, it is very hard to put a positive spin on this - although, to be fair, the numbers they talk about are huge, which should make this company massively massively undervalued.Confidence in the BOD is paramount though, and I still haven't got it - but will be looking in every so often to see if that changes.GL all

[11_percent] 25/11/2020 19:49

Agreed zb27,

You can not trust this lot as far as you can throw them.

This has been delayed for a reason.......as you say, some deal in background.

[zb27] 25/11/2020 19:40

Agreed TEO delay not great, and could have handled better, would also have liked to hear from Adam. But with Covid, it's a reasonable excuse. Massive positives - Mine Life from 15 years to potentially 41 years WOW!!! The other 2 deposits is 1 giant deposit. I'm sure once TEO is submitted the economics will be fundamentally improved from previous figures. Unless iv got blinkers on, for some reason I think there is something much bigger going on in the background. They already have the draft TEO in hand. To me for one reason or the other sounds like they purposely want to delay it.

[mackie] 25/11/2020 19:35

Time to call it a day with this one. Have made good money on the many spikes over the last 10 years or so, but still there is nothing coming out of the ground and I suspect not likely to.
GLA - DYOR

[forgottenchameleon] 25/11/2020 19:01

Thanks - Any mention of what happens in that time? At least the numbers seem better, and realistic in that only nickel and copper are being treated as commercial so that cuts out some potential for speculation. Presumably the NRR money keeps things ticking over so provided the licence isn't revoked (any feeling of the chance of that happening?) its back to the tedious waiting game again. At this rate my long position on boring RR will be more lucrative!

[inaminute] 25/11/2020 17:58

From the mouth of the horse, that is what he said in the presentation. After submitting the doc to them it will be 3-6 months before AMC can progress

[thomscm2] 25/11/2020 17:51

The investors who can get out of this share when it reaches between 4-6 pence per share and make a profit will be the lucky ones. Everyone else will lose money.
Having said that. It would appear that mega shares are being sold at 2-4 pence.
What does that tell you about the price that this share is going to be taken out.

Come back and tell me at the end in about 10 years and tell me right or wrong.

[schachmeister] 25/11/2020 17:38

Well gentlemen,we got news as I expected and yes,The delay on the Teo was a little disappointing but the prospects for Amc are still just as good as they were beforehand so for me this dip is simply another excellent opportunity to increase my holding. Amc's nickel is still in demand and nothing has fundamentally changed,so its only the traders and weak holders who got hurt today.I was never going to sell any shares on this news nor any other news until there is a very serious rerate and then I shall still retain a core holding for the eventual Take Out..The Chessmaster will happily wait patiently for his reward and it will be significant.

Granted,the management haven't played it skilfully with todays rns,they should have warned shareholders of the possibility of delay earlier but maybe they thought/hoped it could still be delivered on time right up to the last moment,who knows,at least they had the prudence to apply for an extension with all the covid issues.

The important question now for investors is, have the reasons for investing here changed ? My answer is an emphatic No... just the shares can now be bought more cheaply thanks to the kind traders and weak holders who gamble on whims with Gnat like timespans and lose 90% of the time.

Setbacks happen and this is Russia,so investors must expect a number of things will be out of amc's hands and done the Russian way and in Russian time,like the signing off of the Teo.Traders looking to make a quick buck here will find it tough going but those holding for the medium term need not be concerned by the day to day price movements and sit back awaiting much bigger longer term gains.

I expect the traders and weak holders will grant me some more favourable buying opportunities in the coming weeks and i'm thankful to them for that as i'm more confident than ever that Amc are going in the right direction and have the right product for the right market and at the right time !

[madengland_] 25/11/2020 17:02

Well delayed as expected. Unfortunately also as expected this is announced after AGM QA, showing mgts approach to shareholders.Welcomed the accompanying info sent but suppose they knew they had to send something and it's lots data but nothing market moving, unlike the delay which has managed to clobber us all.Robbing creates more shareholder value.... blame COVID

[forgottenchameleon] 25/11/2020 17:02

Inaminute: where does the 3-6 months Russian prevarication figure come from? At least now we know why Lady Habib sold some shares...to buy a super fast printer for Robin to make his documents on in time...looks like her gamble failed. Ah well, 2021 surely can't be as bad as 2020...

[younasm] 25/11/2020 16:46

31/03/2021 end of Q1 - maybe another excuse will push this to next summer

[inaminute] 25/11/2020 16:30

Absolutely outrageous to wait until now to advise us of this delay. In the RNS and the presentation they have said they have applied for an extension. Nowhere does it say it has been granted.Once finally submitted he is now saying 3-6 months after that whilst Russian authorities deliberate before they will be in a position to move forward. Cue share manipulation given inevitable radio silence for most of 2021. Another kick in the teeth for some of us who were perhaps finally getting a little optimistic about light at the end of the tunnel. Sick of it.

[russian turnip farmer] 25/11/2020 16:25

schachmeister don’t worry, you’ll be able to average down…again.
This unfortunate RNS now gives me a chance of buying value, how low is this going to go down?

[greenvulcan] 25/11/2020 16:09

FFS! It's utterly exasperating- delay upon delay, that said a proper read of the PDF & RNS does provide positive future figures - I have been here since 2008! So will most likely be able to walk up to this in January and do a FINAL top up at lower than this SP2021 is to be the year of the Amur Tiger then! IMHO GLA LTH

[avsome1968] 25/11/2020 16:09

Well what's a couple more months ?

[trickydickytoo] 25/11/2020 15:42

I see the ramping gimp ship has gone quiet.

[gizmohican] 25/11/2020 15:15

And they leave it this late in the day to inform us....ankers!

[gizmohican] 25/11/2020 15:14

Not surprised at all, another missed target!

[greenelf] 25/11/2020 15:04

The muppets. At the last moment, "we can't submit docs on 1st December". Pitiful and digraceful.

[zb27] 25/11/2020 14:49

Exactly. Non Binding Offtake = TEO Requirement. Binding Offtake = Help with funding the BFS.

[madengland_] 25/11/2020 14:47

Yep I can see how my post may have confused you, indeed we have a non binding offtake. There may well be news on binding off takes