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$35m is £29m.
1.8p per share divi is £25m
They had £5m 6 months ago in bank. £4m remaining from dizposal. £9m total is around $11m, couple of million cashburn so they will hav around $9m.. not bad..
where is the 10mil you say amur will have after the 1.8p is paid out? thanks
there market cap is just over 11m, has been over 20mil this year.
that seems a positive way forward, but tell as if you were writing to someone who hates maths, where the $10m figure is arrived at.
Will hav around $10m, they can buy an asset for couple of million and explore it.
Look at mila in australia, gold exploration. Mila has purchased and are exploring for under 10m what is there mkt cap?
buy another venture with what money? all the huff about new investments and dividends. Load of BS...after the 1.8p payout, what money does amur have to buy another mining project, can you answer that?
Husato
Shareholders reject this then sp goes to 0.6p and you wont even get 1.8p a share ever.
There will be alot of cheap assets around especially with the way the world economies are and im convinced amc can buy one.
1.8p a share divi and remaining in a good asset.
2.08p per share it is. 1.39billion shares total. some posts on here say amur will add the cash in account to the pay out..pfff more like take some off it...might get 2p per share cash, unless I'm wrong, tell me if i am.....what money is amur planning to use to reinvest? cash call to shareholders? or some money hidden away somewhere? what are the accurate figures? the deal is so vague....what money is amur using to but another project by reverse takeover?
if only we knew what amur will buy with the cash, we are being asked to vote on the unknown, not in the way Brexit was offered, much worse, no idea what happens if we vote yes or no, only thing offered is the 1.8p dividend..what is the £29m sterling worth 2p a share? if no other asset is purchased and a success of course which is what would be the factor that drives the share up to a few pence in a couple of years. se best case is 1.8p dividend this year, amur aquires a new project, the cash investment from amur improves the value of the project and the share price recovers from 0.3p which it will fall to after payout of the dividend, to lets say 3p if all goes well and the new project become worth £20m to £30m so a very optimistic but possible return of 1.8p dividend plus 0.3 or 0.4p closure or see what happens with the new purchase if amur get one, if i knew that they will for sure it would sweeten the poison slightly...its a bad deal. That's not in doubt, but if i lose everything i have invested in this, its save £5k fly to Mexico have a party and pay a local thug $2k to shoot me in the back of the head, I pay him i mean not someone else. And I'm not emotional about that decision, it just a lucid assessment of my own future in the wake of this disaster....this f'n world I'm not kidding..
I think they have fallen in love with the stock, i will say it no western banks will invest in russia for next 10 years at least.
I think this is the best deal they will get.
After soviets collapsed energy companies which were profitable were sold at massive discounts. I think amc have got a get out of jail card. If russia just take the asset its gone nothing can be done.
having already turned down a deal that was worth 3 x this the most vocal on the bbs talk like maga conspiracy theorists. they've no interest, having spent several years in this, to take a £30mill deal, just like they wouldn't take £100mill before but now feel aggrieved this deal now isn't that one!
daresay when russia finally just confiscate it they'll talk about how that £30mill deal should have been taken!
and i'd be getting on with it b4 recession drains the liquitity out of most AIM shares....be the PHOENIX....and not the opposite...can't think of one ...lol....but you know what I mean....goodnite all!
Hi Manuel, good to hear from you and hope you're well...
Yep, you win some, you lose some - fortunately for me, Serica has produced more than the £55k odd I'll lose here with, hopefully, a fair bit more to come from them - hope you've still got yours... ATB - sasa.
husata ...unless i'm mistaken...i work out that you will made 60% profit on accepting this offer....or zero and 100% loss risk?
'blocking the deal was in respect of the despatch of the $ proceeds outside Russia after the 90 day delay, post agreement to it, not the sale itself - sasa.
Oh well at least sqz did us a bit of good Sasa.Some CEO’s do a good job don’t they.
MD
computer posted this b4 I was finished ...but in retrospect nothing much more to add...really ...we just got to clean the plate/take the deal/ make money...and move on ....average down to take advantage or recover some underwater flotation to limit losses...whatever.....I've had some total losses with no opportunity to do anything about it.....here you have been given a lifeline.....but you have to buy and outlay morre cash....some will not....I understand that...but I hope you do! GLA
Personally I wish we had gone with the $105m deal...and when we didn't I sold up....and rebought same stock today..... bit higher price...on gamble numero2....may win...may lose...that's the way it goes....but if the deal goes through....I double my money....and so does anyone buying in now
after all these years of funding, hoping and waiting.
We're in the 'last chance saloon' now, folks, make no mistake and they're only two realistic choices available to us:-
1. Accept the 1.8p divd now in respect of the sale of the Irosta sub which holds the mining licence and run on with its parent, Amur Minerals, with some $10m cash in the bank currently, hoping they can find an alternative scheme outside Russia to invest in subsequently or, if you think the deal is 'Yes' to proceed but might not get approval from the RF even now, then:-
2. Sell your AMC shs forthwith for some 1.25p in removing that risk and have done with it.
That's my take on this denouement, fwiw - sasa.
if the first offer was terrible due to dodgy payment timetable then there IS the only offer. i know many will aggressively state they'd rather lose it all than agree to such derisory terms but if this offer isn't taken the next move is just as likely to be its confiscation, if the war goes on, with all the reciprocating threats and actions.
at least there's a second life here, providing it goes to plan.
sorry for the hard conclusion to this but at least the next project will probably be in a safer, non-toxic territory. and, whatever opportunities are out there, the state of the world economy means that, if something IS bought, it's going to be for pennies in the pound.
First offer was terrible due to payment timetable, this offer terrible due to amount 1/3 of previous. IMO quite insulting. Also found the RNS almost threatening/bullying. Not impressed at all!!
GLA
DK
I’d rather they gave shareholders remaining money for them to buy something…
Wasted years; they’d pretty much given up anyway even to sell it at 100m, now 1/3 of that; how much was spent developing it? Basically the business model is to sell £10 for £2. I’d sell it to the Russians and once I’d got the money have an accidental fire that destroyed all the company data
IMHO there is 3 options
1) Take the offer, 1.8p per share divi and keep the shares hoping amc pull a rabbit out of the hat in terms of new acquisition
2) Refuse the offer and wait till the war ends and hope all sanctions have been taken off everyone and offer company to someone else.
3) russia steal the assets and we get nothing
these are the only 3 options, no further offers will come, with option 2 amc will continue to burn cash, will anyone want to pump further cash into amc? more dilution.
Shell, BP, Haliburton the big boys are losing big on their investments they are pulling out.
Only one option for me, take the deal.
its pass round the revolver time....wait hoping time will heal and it will do at some point, but will that be in 1 year or 10 years before east west relations improve and some sanctions lifted mean russian invbestments are not like the black death to the rich mining companies out there,.
just now we shareholders are really in the middle of a storm and our ship has dropped anchor, do we jump on to the life boat and take the hit, hoping RY has the appetite to find another project in his late 60's ..all i see is BS....maybe he is not done and will find something and sharse will rise about a few pence in a couple of years when the new " dream project"we all are imagining in our despeate hearts, moves forward with out investment. i am so bitter i just do not know how to feel, lost 50% on POG and missed out on £130k profit and now this, no doubt will miss out on £200K profit if the sale goes through, if it does, then i just hope the new investment amur makes works out and get the share price paid back or hopefully increased which is for me 1.447p ...i am just so sick that i just cant even consider the offer...it is russian roulette, walk away from a dream investmemt with my deposit back only to try again after years of waiting for these kind of profits....or turn it down and face the unknown consequences...gutted..but recover to try again inother investment or maybe pile back in on the next one amur gets if they do and bag afew hundred percent on that..i am an optimist and will embrace another start if i have to make it, its just 1.8p is miserable and if they do not buy another project, 2.5p total maybe..just so so dissapointing for me...if had the £50k dividend here and another great buy was sat there waiting for me to pile in and double my cash, i would still feel bad about it....i just am unable to say yes or no with any passion at the moment...see how i feel next week..