Amur Minerals Share Discussion Threads

[neo26] 05/12/2022 10:51

Young remains in his job.

[neo26] 04/12/2022 14:04

Final stages of the disposal, surely they must be close now.

[induna123] 24/11/2022 17:27

Looks like somebody got out today. I wonder if he heard something?

[neo26] 14/11/2022 18:38

Return the cash and sell the company

[chris cat] 08/11/2022 10:30

Surely this difficulty wasn't a surprise, The sanctions on Russia and the movement of cash in and out of the country has been known for months

[kipper62] 08/11/2022 08:35

Why the hysteria and kicking RY. It is quite clearly stated in Oct RNS The sale has been approved by Russian authorities and the changing sanction situation is a concern....

'Robin Young, CEO of Amur, commented: "We are pleased that the Russian Federation has approved the Disposal of our AO Kun-Manie wholly owned subsidiary in the agreed amount of US$35 million. It is our intent to advance to Completion as rapidly as possible given the ongoing geopolitical situation where sanctions by various nation states continue to be modified on an ongoing basis.'

It's no good reading just the good bits abd glossing over the challenges. Realists don't panic. The sky isn't falling down folks.

[trickydickytwo] 07/11/2022 16:56

RTF

Don't despair. We live in unusual times and a hiccup like this, although probably foreseeable, only means a delay not that the deal has fallen through. I think that's clear from this statement.

"Amur and Bering are keen to complete the sale of AO Kun-Manie as soon as possible. The majority of our efforts are focused on establishing a chain of custody for the fund transfer which is fully compliant with the current geopolitical situation. We look forward to updating shareholders once the banking restrictions are successfully solved. With regard to timing, this is dependent upon banking institutions completion of their Know Your Client ("KYC") protocols."

They said the deal would be concluded around 1st. November so they're obliged to tell us something in the event of a delay.

TDT

[russian turnip farmer] 07/11/2022 15:01

absolute rip-off in its entirety

[typo56] 04/11/2022 08:57

The parties have discussed and agree that completion is scheduled around 1 November 2022 ("Completion") with the one time payment of US$35 million scheduled five days post Completion.

No RNS confirming completion yet. Hmm!

[maz2273] 14/10/2022 11:08

Thanks for that just thought I could still have averaged down

[avsome1968] 13/10/2022 23:11

maz

All you are going to get back is 1.8p a share, then it depends on what they buy ?

[maz2273] 12/10/2022 13:51

Looking for advice I'm holding 500,000shares in amc averaging 5.6p should I average down

[kumala] 03/10/2022 12:41

subsidiary in the agreed amount of US$35 million. It is our intent to advance to Completion as rapidly as possible given the ongoing geopolitical situation where sanctions by various nation states continue to be modified on an ongoing basis."As reported in various RNS releases and public domain news updates, a special dividend of 1.8p is to be paid within 90 days of receipt of the closing payment. With the key approvals now in hand, we shall complete our assessment of the classification of the dividend regarding shareholder taxation."Following Completion, we will turn our full attention to the future of the Company, where we endeavour to identify and secure another business opportunity to deliver value to shareholders."Future Strategy and Special DividendUpon Completion, the Company will move forward as an AIM Rule 15 cash shell and retain cash balances of approximately US$38 million after paying certain expenses and any Company related taxes relating to the Disposal.Following receipt of the consideration of US$ 35 million, the Company intends to pay a special dividend of 1.8 pence per share to be paid to Shareholders within 90 days of Completion. The Company has received tax advice that the Disposal is unlikely to attract capital gains or withholding tax. The Board proposes that the record date and payment date for the distribution of the post-Completion dividend shall be no later than 90 days following receipt of the consideration payment.The Directors intend to seek to acquire another company or business in exchange for the issue of Ordinary Shares in a single transaction (a "reverse takeover"), which will be subject to Shareholder approval. In considering the Company's future strategy, the Board will seek to identify opportunities offering the potential to deliver value creation and returns to Shareholders over the medium to long-term in the form of capital and / or dividends.The Company will be required to undertake an acquisition or acquisitions which constitute(s) a reverse takeover under AIM Rule 14 on or before the date falling six months from the completion of the Disposal, or be re-admitted to trading on AIM as an investing company under AIM Rule 8. Failing that, the Company's Ordinary Shares would then be suspended from trading on AIM pursuant to AIM Rule 40. If the Company's shares remain suspended for six months, admission of the Company's shares will be cancelled

[kumala] 03/10/2022 12:37

So looks like the deal goig through...re. latest newsflow from company at 12.35pm today..... Full payment agreed to be made for purchase. And 1.80p to be paid to shareholders within 90 days from completion. Then shares suspended till a reverse takeover or buy of new company within 6 months, otherwise shares delisted..........

[patio58] 29/9/2022 08:34

https://youtu.be/SyXP-IPer6c 4 weeks to go

[patio58] 27/9/2022 15:19

Moving on up

[neo26] 21/9/2022 18:39

Putin about to go gung ho?Will amc holders get burnt, lots of question..

[neo26] 20/9/2022 20:49

Will the russian federation agree to disposal or reduce terms or deal.Russia roulette...

[avsome1968] 15/9/2022 14:01

Yes, if it all goes through.

[younasm] 14/9/2022 13:09

Is this worth buying if we promised (but not guaranteed) 1.8p per share ??