Amur Minerals Share Discussion Threads

[zangdook] 07/3/2024 09:55

Bear in mind some holders benefited from the status of the payment as a dividend and would be hard done by if the company were forced to revise that. I would hope a court might find it should be treated as a return of capital for yourselves without having that imposed post facto on everyone.

I had a similar problem myself with ELTA, had to pay a large tax bill for what was really just the return of my original investment.

[agneissearner] 07/3/2024 08:30

If any one is interested in joining an AMC Shareholders Share Action Group then send me an email via [e-mail] and let me know how many shares you own and I will create a spreadsheet that contains members email addresses and their share holdings.

I will then let you all know the total amount of shares members own.

I will not share members email addresses with anyone else and when communicating with members I will send the email to myself and then blind copy all of you so you will only see my email address and no one else's.

The tax issue with the special dividend is yet another reason to create an AMC Shareholders Share Action Group as I will then have members email addresses and I can email you all the document that I am going to attach to my tax return.

It is highly likely that HMRC will be of the view that the special dividend is subject to UK dividends tax so we will have to argue the case in a tax tribunal that it is a return of capital rather than income in the hands of shareholders.

If the Judges decide in our favour then HMRC will have to process our tax returns based upon that decision.

The Board of AMC really have left AMC shareholders in the dark re the tax treatment of the special dividend as there is no guidance loaded onto the AMC website and the RNS stated "We have been advised that there are no capital gains or withholding tax issues on the disposal".

The above guidance only applies to the disposal of the subsidiary that owned the mining licence and not the payment of the special dividend.

Why did the Board not ask their tax advisors "what are the tax implications for shareholders if we pay them a special dividend?"

Both the advisors and the Board were paid sufficient money to provide an answer instead of burying their heads in the sand and hope the issue will go away!

AGE

[zangdook] 06/3/2024 01:58

David - you should have received a 1.8p dividend in June last year.

[suehannah1] 05/3/2024 17:26

Shares still suspended. Board apparently trying to reverse takeover a Pharma company though no names and no guarantees. So not totally lost yet.

[david851] 05/3/2024 15:58

Hello guys.

I had health problems for the last 3 years which prevented me from using the board or monitoring my AMC investment.

I had quite a large position. - £75k at around 2p if memory serves correct.

What is the current situation here? Is my investment completely lost.

[zangdook] 04/3/2024 10:03

I see, it was suspended on 7 Sept so they're just in time to save the listing.

[zangdook] 04/3/2024 10:01

news. I suppose this is suspended? I sold out long since...

[bpc10] 12/9/2023 13:22

Have the directors trousered the $35m and turned the lights off?

[teaboy100] 07/9/2023 10:35

They haven't bothered with that directive in many years. No reason for them to start now.

[chris cat] 07/9/2023 08:24

BRV....I know mate, it's Turkeys voting for Christmas, its also the Directors Fiduciary Duties to do the best for shareholders and we all how how they focus on that!!

[billyrayvalentine] 07/9/2023 08:16

...cc, would you do it, if you had your snout down the trough? ;-p

[chris cat] 07/9/2023 07:30

Why can't they just pay out the remainder of the cash and liquidate the company rather paying the directors to go on a treasure hunt

[kipper62] 07/9/2023 06:55

The Sleeping Tiger has died in its sleep

[drh3] 07/9/2023 06:28

End of an era....

[marmar80] 06/9/2023 16:05

Suapension tomorrow?

[chris cat] 15/8/2023 15:52

Genius really, I wish I could get one of these gigs, Chase potential acquisitions whilst spending our remaining cash on salaries, don't find one in the time scale, delist, spend another 6 months spending the rest of the cash, then dissolution. Even if they found a company or an asset, would you trust them to monetise it? I'd rather just have what tiny amount of cash might be left and be done with it.

[yalo] 15/8/2023 11:50

That explains why the board rejected the offer made by Ascent Resources.They just need another six months to drain the company and then leave.

[chris cat] 15/8/2023 06:55

Probably enough to keep the BOD in clover for a year or so

[induna123] 14/8/2023 17:16

How much cash do they have now?

[topranking] 08/8/2023 06:52

Going into extra time

[jammytass] 08/8/2023 06:09

Game over!!!

[marmar80] 08/8/2023 06:07

Possibly their offer was too low

[zangdook] 30/6/2023 14:21

Final results out - I would have liked an indication of the current cash balance but I don't think they've given us one.

[marmar80] 27/6/2023 06:32

Saxo but I think they use Citi. That has happened only 2-3 weeks ago.