Amur Minerals Share Discussion Threads

[neo26] 08/8/2022 10:06

Every year the board hav to be reelected, good chance to vote em out as no large investors holdin above 3%.Its inevitable we hav to let it go.

[neo26] 08/8/2022 10:04

Remember this has been up for sale well before the war started.Management hav said no other offers received nor will they if this is rejected.The future in russia is unknown, cut your losses and move on. We are approachin a recession and this can kill the company.Remember there will be license requirements they wont be able to sit on it for years hoping another offer comes.

[captaincad] 08/8/2022 09:59

I wouldn't bet on that nfvda, I have been here years with a sizable holding. I have had enough and will be voting YES. I will also be voting the board out at the earliest opportunity with whatever is left, unless they pull the proverbial rabbit out of the hat!

[nfvda] 08/8/2022 09:47

You are forgetting China. China is where a better offer will come from. They just can't right now. Note to traders...this share looks like a near guaranteed 40% profit from these levels...please don't be fooled. There are a lot of long term holders who don't post on forums much but who hold most of the shares. Most of them will be voting no. The very vocal « take the deal » crowd are mostly short term traders who don't have the fire power to vote this through.

[perch3] 08/8/2022 09:02

want to disagree with you neo but can't

[neo26] 08/8/2022 08:05

Lol, look at all rhetoric, nato say there wont be peace until russia withdraw fully from ukraine, that isnt going to happen.The west stole 250 billion dollars of russia foreign reserves Russia could easily take all western assets in russia.With most oligarch and banks sanctioned more offers are not coming.When russia shuts the taps in winter bigger problems will occur so its best to take money and walk away.

[skasher094] 08/8/2022 07:11

Buys obviously going through as sells

[induna123] 08/8/2022 07:08

or, a cheeky bid from the chinese may come in ;)

just sit back and wait, no need to do anything.

[sipptrader88] 07/8/2022 06:27

and to add to that....if this offer was made in any other jurisdiction...other than Russia.....our share price would already be at 2p - 2.2p

When we get the vote over and done with.....I expect the share price to go to 1.9p....and after the 1.8p is paid out...there will be an RNS showing what £ remain as firepower to buy an asset or merge etc. The new share price will be born at that point e.g 0.5p?


I strongly expect the deal to be honoured so with the share price @ 1.28? to buy Monday.......what a gift? Make your on mind up.....no guarantees in this life...just death of body!

GLA

[induna123] 07/8/2022 06:08

A lot of distressed assets out there which have lost 90% of their value over the past year. maybe they'll find a bargain. Just stay away from russia ffs.

[neo26] 06/8/2022 23:11

BwanaWhen 1.8p per share divi will be paid they will still have 0.6p a share in cash in bank.Listed company can buý good greenfield project.

[bwana4] 06/8/2022 22:54

Look guys stop dreaming !! You will get the 1.8P and that's about it !!Doubling your money et.etc is a dream !! The money that is already there,in the bank,you won't see much of it if any ! RY will continue to get his wages and so will the rest of the BoD. Invest that money in what ? Look for opportunity else where ! Where??
The guy has a good paying job and he ain't giving it up anytime soon AIMHO of course.
I have taken a big hit with this share over £60+K but hey ho , I am still alive and living my life !!
ATB and live for today and you never know what tomorrow holds in store for you.
GLA.

[sipptrader88] 06/8/2022 19:21

Cheers metis20...bankrupty on LSE!

[metis20] 06/8/2022 17:24

"They'll look after the purchaser here....he also bought me out of TranSiberian Gold (TSG) from memory! They'll do as he asks!"

[sipptrader88] 06/8/2022 16:33

some of you may decide to say no and take a punt on a better offer coming in.

Indeed I understand and perhaps there is indeed another offer coming for you.....but you have to action it..!

Take the 1.8p....then sell the 0.6p....or wait to see the new asset and sell at say 1p? (if you don't like it.)......buy whatever new share in whatever company you wish.....it could do really well for you......Two of mine ALL + PXC I hope for x10 Multibaggers and I've been in some that have mulibagged by x hundreds......these opportunities are out there...DYOR.

Alternatively say no....and if the vote overall is no....then we lose the lot and have nothing left for a newstart if so desired that could lead to prosperity......I have lost 100% on many companies....and done so well on others...I have watched my porfolio of 30 shares....lose 90% between 2012 and 2017...losing 100s of thousands.....and I'm like the phoenix and rising back.... about half way now! You got to keep on fighting....or it's just a sad story to tell for the rest of your lives....over half a pint or a tinny....GLA

[sipptrader88] 06/8/2022 11:34

They'll look after the purchaser here....he also bought me out of TranSiberian Gold (TSG) from memory! They'll do as he asks!

[neo26] 06/8/2022 10:57

I think they need permission from russian govt.Which they will get.

[kickingking] 06/8/2022 10:26

Is there some easy money to be made here or is more complicated. How will the special dividend be payed out when other Russian operating companies have had to cancel theirs as they can not send money to shareholders in what is known as unfriendly countries.

[sipptrader88] 06/8/2022 09:54

Easy Path here to more than DOUBLE your investment.....Each to their own but with the £29m and perhaps £4m already in the bank.....£33m in cash gives us a NAV of £33m...which is equivalent to 2.37p per share....which is 190% of where we are today

If we pay out the £25m ....(1.8p per share)......we will be left with a NAV of £8m or therabouts.....which is worth nearly o.6p per share.......A new project with a plan could easily put our market cap back to £15m or more!....which is 1p + per share

...which is more than the .68p we were in July etc. and we'll have had the 1.8p.....in our pockets besides (44% uplift from now)

so it looks like we can easily double+ our money from new purchases of AMC today or close the gap by averaging down!

There is no sensible alternative than to accept the deal....we can only look at where we are today...and forgive past mistakes/intentions/guidance.....this acceptance will make us money from where we are now.......DOUBLE+...what you have NOW!

GLA

[petgeo] 05/8/2022 21:03

Well, given the circumstances and perspectives of the special dividend...they have my permission. ??

[neo26] 05/8/2022 20:14

Is ther a telegram group?

[moneyman50] 05/8/2022 17:28

Well done Robin-price once 41p a share and now wants a pat on the back for selling us for just over 2p!
In two minds whether to accept or reject -Unjustifiied invasion of Ukraine can’t last forever (sorry special military operation) and neither can Putin but logical side says take the money,reinvest elsewhere and hopefully recover some of the loss!

[nav1000] 05/8/2022 16:59

this is what Robin Young said in the RNS

"Should shareholders reject the sale of Kun-Manie, there are virtually no alternatives available to our advancing development of the project. This includes a sale to non-Russian entities or to the ever increasing list of Russian sanctioned mining companies, funding institutions and banks. The majority of international resource associated entities within Russia have or are also withdrawing from Russian activities and operations.

The Company does not foresee that another offer to purchase Kun-Manie would be forthcoming in the event that the current offer is rejected."

No more offers, no western company willing to buy, what if the remaining cash is burned, will it be like POG?

Whoever though POG will go bust?