Amur Minerals Share Discussion Threads

[dancing fred] 10/5/2022 17:05

As far as I see it it depends what mr Robin young intends to do as a cash shell. If he sits on his backside and does nothing for 4 years and takes his whopping salary then he surely is doing a number on us. If we vote no and lose everything at least we can have the smug satisfaction of knowing that he to gets nothing. This deal is almost criminal.

[sipptrader88] 10/5/2022 16:18

Market value circa £16m
Post transaction market cap/cash shell £16m
over 4 years...maybe more loaded to end of 4 years £64m will come into the company (without capital raise)
Maybe then can return say £16m in dividends.....so we get our capital investment (if investing today) back 100%
I appreciate why many of you feel the board has lost credability and therefore we may see very little of £64m

but with this £64m coming in over 4 years for the price of £16m or so today .....I will take the gamble.....just numbers that appear to make sense to me (from today moving forward).

[beltd] 10/5/2022 14:00

You know who's buying!!!!

[beltd] 10/5/2022 13:43

The share price is 100% being manipulated here. Wonder if this whole thing is on the FCA radar?

[billyrayvalentine] 10/5/2022 13:43

...n26, wot :-o

[mold breaker] 10/5/2022 13:40

neo
Wow had long did it take you to think that up?

[neo26] 10/5/2022 13:32

If you dont accept u wont get nothing.Russia is not a good place to do business.

[showercubicle] 10/5/2022 13:29

Just voted against at Barclays, no problem.
Must get your proxy vote at least 7 working days before the date of the meeting so don't delay.

[mold breaker] 10/5/2022 13:28

P58 AGREE

&…. Current Mcap not far off first and second payment? Whose selling at these prices?

[patio58] 10/5/2022 13:23

Anyone voting yes to this particular deal needs their head testing, tell them to come back with a more realistic offer.

[mold breaker] 10/5/2022 13:02

The way I see it if you vote for the deal (in it’s current format) shareholders have lost what little control they had.

Vote no what’s the worst that can happen, revised terms? no deal? Russia take back license (highly unlikely), better offer?

I can’t see much downside in voting against in my humble opinion.

[mold breaker] 10/5/2022 13:01

The way I see it if you vote for the deal (in it’s current format) shareholders have lost what little control they had.

Vote no what’s the worst that can happen, revised terms? no deal? Russia take back license (highly unlikely), better offer?

I can’t see much downside in voting against in my humble opinion.

[mold breaker] 10/5/2022 13:00

The way I see it if you vote for the deal (in it’s current format) shareholders have lost what little control they had.

Vote no what’s the worst that can happen, revised terms? no deal? Russia take back license (highly unlikely), better offer?

I can’t see much downside in voting against in my humble opinion.

[beltd] 10/5/2022 12:33

This price drop is a tactic. You can sell multi millions of shares! Wonder why! Don't sell. Vote no.

[gizmohican] 10/5/2022 12:29

Has any one got the circular / notice with resolutions to vote on yet? if so please could you post it. many thanks

[nfvda] 10/5/2022 12:25

From: Dave85Sale thoughtsToday 11:551/2Just recoding my personal thought process, I tried to take a step back and be holistic....Timing is important in investing Just because amur is vulnerable due to the current geopolitical situation and an entity is attempting to leverage the situation, doesn't mean shareholders should choose this time to press the sell button with a yes vote.Look at the precise timing of this offer - at a time of extreme fear in wider markets.RY from 17.34 mins (below link) explains cost of mine plan to be in range of 300k to 1m usd this would seem to be well within affordability of amur based on most recent cash balance. Have read chat here and elsewhere that we can't complete mine plan due to lack of funds and that that would lead to license loss - this view point doesn't seem to stack up against RY statements/cash levels in amur (post sale of CHL/NRR for >6m usd)?https://youtu.be/GlCA0vKi0_YI think it is important to understand what amur owns - one of very few known/advanced large scale Ni sulphide deposits in the world, at a time when consensus is for very near future very high industrial demand for materials produced from such deposits.Discoving such a thing is very rare, advancing such a thing to where KM now sits is very time and capital intense and happening to have ownership of such a thing at the upturn of a commodity cycle where Ni & Cu are expected (many gigafactories already, more coming) to see positive demand shifts is a great position to be in.I also think its important to realise both what we do not know, when will Russia/Ukraine situation ease significantly/end, how many shares the purchaser already controls, how much of any funds raised would actually get to SHs, what the reaction to a no vote would be.&What we do know (from articles) 75% of votes that are actually cast are needed for sale to happen (- I suspect purchasers success at present would rely on some non-voting), once sold KM is gone, once yes vote wins everything is out of our hands, if the sale is voted against we keep KM and have a chance to get better deal later (week later or 1 yr or 5 yrs), this is a time at which KM is valued by industry at the very low point of a range of fair value (& that FV was calculated at nickel prices much lower than now and a little goes along way with Ni price sensitivity), time value of money is an increasingly signifcant consideration due to very high inflation, cash balances are sufficient for amur to wait this situation out for quite a while yet, the likely buyer was always more likely to be non-western so current/prolonged western sanctions/attitude change has less effect on eventual sale/funding etc, current sanctioning doesn't include amur, there is current interest in acquiring KM and this was the case before the war too, the hard sell is being put forward by some to vote yes, Russia/Ukraine unrest will ease at some point, we get to find out the reaction to a no vote only if a no vote wins.I strongly suspect PIs still have the ability to prevent this deal but motivation to actually cast a no vote (if they decide that is their wish) will likely be key.If I were the purchaser I would try to create the impressions that this is a take it or leave it deal, and that the vote is a given - it'll be yes anyway/the lowly pi is powerless, you'll get more from selling the shares now than you'll ever get from KM sale once discont factors applied uncertainties factored in.Maybe, the more accumulation that occurs the sweeter the deal will get as they are increasingly paying themselves, however, any 'playing along for now' with this in mind is a very dangerous game, imo, it would need a on-side motivated board (2b shares max issue - (>25% backup)), an attentive register analysis and shareholder organisation/cooperation - not apparent for amc.Relative to voting yes a no vote outcome is more unknown.Relative to anytime in the last five years this seems the (up there at least) absolute worst time to sell KM.The down side from the offer to zero is much much smaller compared to the upside from the offer to potential future proceeds from KM (from a future sale or otherwise) therefore risk reward dictates a no from me.The idea of 7p all cash was a no from me, anchoring me to 105 usd with these terms won't change my mind to a yes if 7p all cash suddenly appeared as real later, btw. Happy to wait for more, don't know if that is right or wrong tho obviously. Upside vs downside viewpoint whilst considering knowns and unknowns.

[showercubicle] 10/5/2022 10:30

Meeting on 25th May London

[beltd] 10/5/2022 10:22

Well def shaking out holders with stop losses. Wouldn't surprise me if allies of Sviblov. RY has been asleep at the wheel

[nfvda] 10/5/2022 09:52

How to vote: thanks to PappliklonFirstly as of now I cannot find the circular as referred to in the RNS on the Amur website, I don't think its up there yet if someone can find it please post the link.Important to note the first word on yesterdays RNS is 'Proposed' , that's because until shareholders vote in favour it's only a proposal.While it's preferable to attend, because there may be shenanigans at the meeting, It's important to also note that you do not have to attend the meeting to vote, you can register your vote with your broker.If you are going to attend be sure to request your authority to vote letter from your broker as soon as possible as they take time to issue, I would suggest this week, I have waited almost 2 weeks in the past for these to arrive, Some brokers are quicker than others in issuing. This letter says how many shares you have authority to vote with, some brokers charge for this, others don't. If you can't make the meeting remember every vote counts, you are not powerless, you have a vote. In order to cast and register your votes call your broker, a broker is who you bought your shares through, ie Barclays, IG, Hargreaves etc, the department you want to get through to either to vote by proxy (with your broker rather than attend) or by attending is normally referred to as 'Corporate Actions'. A point to note until the company issue the circular and the motions that are going to be voted on the broker can't register your vote and as far as I can see that hasn't been done yet despite it being referred to in the latest RNS.Your best point of contact in registering either for the letter or doing your proxy vote is your broker, its pointless trying to contact the company, even if you could contact them they would just refer you to your broker.If you hold shares with more than one broker you will need to contact them all.Some on here seem to think this is a black and white issue, imho it's not. If the 'Proposal' is rejected by shareholders it gives the 'Board' the authority to go back to the proposed purchaser and renegotiate as per the shareholders collective wishes.Whether you want this proposal to go through or not it's important that you vote otherwise you are giving your vote to RY to utilise as he sees fit.Take the 5-10 minutes and register your votes, not much more than it takes to write a post on here and it's your money at stake here, you have a choice, I suggest you use it.

[strange ip] 10/5/2022 09:36

RNS may use your IP address to confirm compliance with the terms and conditions - WTF HaHaHa Robin you was looking in to ppl's eyes and robbing them!

[the skipper] 10/5/2022 09:30

Putin is facing the biggest military embarrassment of all time and will be gone soon from whatI’m hearing and seeing, so I’m staying on to vote against this deal. It should bounce back anyway once the panic sellers have left the room imho as votes will need to be bought on both sides of the deal.

[inaminute] 10/5/2022 09:09

I wonder if the BOD will lower themselves even further and take up the options they gifted themselves before if the voting is close?

[the skipper] 10/5/2022 09:05

Zen, the deal sucks but instead of voting against the deal it seems that shareholders are voting with their feet and getting off the bus. If an entity associated with Sviblov hoovers them all up the vote will sadly be a fait accompli.

[beaversbad] 10/5/2022 09:04

Should we bail out now or keep holding ????