Amur Minerals Share Discussion Threads

[marmar80] 15/12/2020 14:08

Reason I quit here a few years back. Lack of transparency and promises only. You can join me in jlp as this share has proper legs, management, no debt and growing cash stream.

[madengland_] 15/12/2020 12:00

As oppose to being currently allowed to tank!

[drh3] 15/12/2020 10:38

...Allowed to fly.

[drh3] 15/12/2020 10:37

I have always been quite a passive investor, but I'm not happy with the lack of transparency shown of late. There are too many things now piling up. Who would vote for 200m new shares but boot off the new guy who supposedly brought financial stability and had a plan ahead? Why was the TEO nearly ready months ago and now suddenly delayed with no confirmation that the extension has been granted? I have followed AMC story for a decade and it's a great asset. Hopefully it will be slowed to fly

[beltd] 15/12/2020 10:03

I will try and get some more details when I am back in NYC next week, but I believe Mr. Young et al may well be about to receive a more formal request for information from a number of disgruntled shareholders. I suspect the board are aware that this could get messy as you Brits say, so will be working on some proactive communication before their hand is forced.

[beltd] 15/12/2020 09:53

Good Morning MadEngland. My humble opinion is that shareholders should write to the company and nomad and raise exactly that issue. Although there is good reason to hold the AGM in the manner they did, shareholders are currently not privy to information that they would have been in the event of a normal AGM. It is worth notifying the FCA and ICO of this request.

[crazytowner] 15/12/2020 09:46

Yes, Nickel is playing its part. The PFS utilised $8/lb, will be nice to see an updated economic assessment with a more realistic long term nickel price.. As to their house in order, obviously something bigger occurring. There was good discussion on LSE over the weekend..The lawyer statement in the RNS indicates to me that the outcome was a surprise to the BOD..A PI protest vote would most likely have rejected the additional share issue authority and not AHs reappointment. . From discussions with other investors the general feeling is that whilst they may not be happy with communications, they wouldn't have voted AH out, also a lot of holders didn't make the effort to vote. . Assuming all directors voted in favour, and based upon the low voting numbers we saw at the EGM, then its very unusual that say circa 30m voted against AHs reappointment..My view is that this was an action designed to damage / hinder the progress with both the offtake partner and BFS funding AH has been working on.. As I have mentioned previously, I imagine AMC are going through shareholder register very very closely at the moment, hence why we have not yet had an update as stated in the RNS or voting numbers..We need some clarity, but suspect this is too important to rush and get wrong.

[gizmohican] 15/12/2020 08:44

nickel over $8.00 now and amc still cant get their own house in order

[madengland_] 15/12/2020 08:36

A thought, are AMC sat on information that they are obliged to share with shareholders? Surely if someone now holds a stake that has previously not been declared?

[inaminute] 14/12/2020 15:00

The problem is that some have had their credibility shredded because they clearly haven't got a clue what is going on. We have had all the assumptions stated as facts, by some, for too long. Perhaps finally their troops will see them for what they are. I do find it odd that so many are stating they didn't vote, given they apparently have so much tied up here.As for the rest of us we are left dangling again, when I for one hd assumed at the very least we'd have submitted the TEO and now be discussing the contents. Perhaps this vote has done us all a favour if it demonstrates finally to the BOD that shareholders should be treated with respect.

[madengland_] 14/12/2020 14:22

Needless to say, the informed posters on here have been talking about the poor governance of this business and receiving endless red thumbs from the multi moniker ramping Gimp Captain. You'd have thought Shafter and Robbing would have been more on the ball. Or maybe you wouldn't

[madengland_] 14/12/2020 13:58

Could be, with BVI listing they may avoided informing company. Habib still has a pile of warrants and adequate incentive to get the job done, so it does not block that. It does however show the BOD that someone can block things.... so it's a message? Could it be personal? Someone's nose out of joint at the appointment?You know how egos can be at play.

[thedon1] 14/12/2020 09:18

Remember this from 16th April 2020.

Are these the guys who ousted AH ?

"Equity Placing

Amur Minerals Corporation is pleased to announce that it has placed, subject only to admission to trading on AIM, 75,000,000 new Ordinary Shares in the Company (the "Placing Shares") at a price of 1p per share to raise gross proceeds of £750,000 (the "Placing").

WH Ireland Limited is acting as Financial Adviser in relation to the Placing (the "Financial Adviser").

Reasons for the Placing

The funds raised are to be applied to repay the initial advance from the loan note facility from Plena Global Opportunities LLC, the details of which are set out in the announcement of 12 March 2020, and also for general working capital purposes to progress, amongst other things, the work on the Company's TEO."

Who had this 10% for nothing ?

[crazytowner] 14/12/2020 09:05

Interesting that there was no RNS this morning.If the discussion with lawyers was simply around what capacity AH could continue to work for AMC, the answer would have been provided quickly.The general feeling is that whilst posters are critical of the BOD, none would have voted out AH.Something bigger going on now which I imagine involves a thorough investigation of the shareholder register

[swanvesta] 14/12/2020 08:45

What nonsense. Not long ago the NRR investment was top of the agenda on these boards. If you don't have an answer to my question, that's fine. But don't waste your breath telling me it's suddenly uninteresting.

[madengland_] 13/12/2020 18:37

Good to see the ramping ship have toned down their ramping, although they had no choice given this thread has totally exposed their antics, whilst the "insider" (aka manipulated traders) relationship has shown itself. I hear Crazytowner has been trying to recruit rampers since his influence has been dissolved

[schachmeister] 13/12/2020 15:20

The Iron ore shipments are not of much relevance to Amc until they convert and that won't be for another 3 years and then its providing the ore price & amc share percentage is still high enough to make that option attractive,so I wouldn't be too concerned about the ore shipments for the next few years as they will have zero impact on the amc shareprice.Sure,the higher they are,the more profit and better position NRR will be in but for AMC it's just a loan coupon until they decide whether to convert or not.

[swanvesta] 13/12/2020 14:51

Any update on NRR iron ore shipments? Especially in the light of China/Australia political issues.

[schachmeister] 13/12/2020 12:35

The removal of AH from the BOD has certainly taken the directors by surprise.Sure,there were a few disgruntled p.i's wanting Habib out because of his wife's 'ill thought out' share selling but the amounts were insignificant and few rational holders would have voted him out on that basis.On the contrary,most hold him in high regard because he has,by far, the best credentials of all board members for progressing and monetising the asset.

In a matter of months,he's already put into motion a viable plan to take Amur forward by securing a stake in NRR through his Glencore contacts and he's currently doing some very important work on the binding offtake(again with Glencore),so its hard to imagine he's been ousted by a few disgruntled p.i's.And we know he wasn't voted out by the BOD either due to the fact they are now liaising with their lawyers on the matter!

We can therefore reasonably ascertain that he must have been voted out by a large shareholder or a group of large shareholders. They could be all under 3% or maybe they do not even need to declare their holdings under BVI rules ? or they could simply not declare their holdings,like the hedge fund Asia Capital did with Premier Oil,they held a 19% undeclared short on the company (the biggest short in europe) and knew a slapped wrist(small fine) from the FCA was worth breaking the rules for.The Hedge fund should have made 155 declarations but were content to simply ignore the rules so don't expect big players to abide by the rules on BVI registered Amur,that trades on the Wild West of Aim.

However,until we hear more from the company we can only speculate who it may be (Russians/Chinese/Prvate investors ect) and the reasons why (someone doesn't want an experienced heavyweight like AH negotiating for Amur) but in the meantime I trust/hope AH will continue regardless,he still has his financial incentives and his task of monetising the asset remains to be fulfilled.

[crazytowner] 13/12/2020 10:14

A couple of observations..I wonder at what point AMC were aware that the reappointment would not pass..If there was an issue with something, one of the attendees could have used the "self isolation" card, postponed the AGM and bought a week to resolve / present a clear picture to us..Would anything have stopped 3 shareholders turning up as a surprise and putting their hands up..More questions than answers at the moment, but is very clear to me this was a vote to cause disruption, hamper AMCs plans