We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Yes , it is fast track Russian bankruptcy. Start watching from 17.08 (for a minute and half).
https://www.youtube.com/watch?v=Acn_NsJDs_0
Ceasefire and sale Rns.
The 2 things I'm looking forward too.
the asset seize threat was only to companies that had chosen to leave Russia,
this threat was made so they could keep the businesses open and suply chains going to save jobs, they also said the seizure would be temoprary until the companies return
so this is nothing close to the rubbish being spouted on here by some,
GLA
How are Iran, Afghan a problem?
Iran won't sing or dance to the US tune, the US will go any length to protect the 51st state, even though the latter is on another continent.
Afghan, we (UK/US) created the mess there, supported and backed the freedom fighters at the time of the Russian invasion, those fighters fought hard and the Russians left, and the UK/US and West turned their back on Afghan, and broke the promises to help re-build the country.
All about protecting self interests....lol
Kammy
I wait when Putin will nationalise all businesses and then all greedy traders who are supporting Putin's war will lose their money. That will make me happy...
Red are buy too?
" Anyone have any ideas what they're doing since then?"
That's easy simply enjoying the ~ÂŁ300k salary plus expenses, with nowt to do and no need to tap up shareholders for more cash for a while, what's not to like!
Hi Sasa,although as you indicated we are all extremely worried by the bodâs poor performance,I was more of a mind that we have not had a chance to eyeball these guys for a very long time.
Concern has now turned into suspicions.It beggars belief how bad the communication become.
All the best Sasa hope all is good with you and yours
MD
Hi Manuel - if I did, Mr PG would have to buy me a lot more than a coffee, given this mysterious state of affairs! - sasa.
TEO was submitted in August last year, or at least that was when it was RNSd. Nothing substantive going on on the ground that I'm aware of at least. Anyone have any ideas what they're doing since then?
Itâs hard to fall on your sword Norbert when youâre still on the floor from the latest kicking.
Our CEO will continue to play his usual blinder.That being stay out of sight and receive his salary until the cash runs out
MD
Sorry if posted already but I read it only related to companies above a certain value which I thought was ÂŁ16m. I'm hoping that we're playing a blinder here and that the low MCAP actually prevents us from being nationalised.
Some of you are going to have to fall on your swords and help this drop a little further until this blows over!
âHave they been dupedâ I just wish I was in the UK âcos I would Definately have a drive down to Salisbury and ask the board member there and ask him in person.
Hey Sasa youâre not that far away,couldnât you go and buy mr PG a coffee;)
MD
At the time trading didnât feel ârightâ post the news of the potential sale. Iâve never seen a share trade at such a discount (very quickly close to 50% of a proposed value). People say the RNS said âup to 100mâ, it doesnât it says approximately which usually means very close to. Iâm sure like many others despite the bad feeling I couldnât possibly sell having held for so many years, with the expectation of an improved offer or bidding war. But the whole thing doesnât sit right with me, and now left hoping itâs not wipe out and we can keep our heads down to get back to the position of another bid in the coming yearsâŚ
Manuel: literally the only skill I picked up at school.
CBS wow you can type so much faster than I can
MD
You guys are surely not suggesting some sort of collusion with regard to the purported buyout.
Surely that would be like thinking the AIM is somehow not quite on the level or say that the LME Is not atall fair and forthright.Now that us mere mortals are so underwater that the light has disappeared and the oxygen level is failing itâs really difficult to have any coherent thought.
Oh there is just one,Howâs California Mr Young,I trust the salary is keeping you comfortable.
The standing order was set up by you some YEARS ago from a company that you are the registered CEO.
Perhaps you could drop us a line some time.
You have extracted it for long enough now DO SOME THING !
MD
To Ronald and Roger: I accept your points here. TBH at the time just after the offer announcement I did query huge trades that were taking place any time the sp levitated toward 4p. I still cannot fathom how they could have been anything other than sells, and that neatly ties into the narrative that the potential acquirer, having spent some months buying quietly, used the offer announcement as a pretext to exit their position at what must have been a fairly substantial return.
All assumption on my behalf and as TDT has pointed out previously, the latest shareholder register shows that a large number of shares showed up in the Others account in the Feb update. What however may be the case for March I assume will be somewhat different. No idea.
That being said, lets examine the pros and cons here
Cons:
- KM is located in Russia, always has been, and that has forever weighed down the sp. That Russia is at war with Ukraine only amplifies this characteristic and I'm sure we can all agree that it is down to this that the sp has cratered recently.
- Minimal comms from the BOD: Again, nothing new here. Comms have always been quiet here, and perhaps no more so than recently where I would assume it's well-advised to keep quiet.
- TEO: official documentation has still not been released to the market when expectations for this as spelled out in a Nov 2021 interview gave the impression this would have been received and transmitted to the market by end of Q1 2021. Whether this would even be transmitted out to to the market in the current environment (see point above about keeping quiet) is another question. No idea.
Pros:
- Cashflow: There are few costs outside of RY's $ salary, and some other, much lower costs (rent perhaps, a study or two...) there are very few outgoings, and the sale of the NRR convertible note in 2021 secured $6,137,019 in July of 2021. Given the low overheads at the moment that's a good moat to bide our time with.
- Nickel: Obviously has done well. Whether the current quoted price of around $17/lb remains following the resumption of trade tomorrow on the LME is anyone's guess, however I don't expect prices to sink much and they could go much higher from here. Time will tell, but lets just say these aren't the $3/lb prices we saw back in 2018.
- Corporate Structure: Yes, the shares of Amur Minerals are quoted on the LSE's AIM. AMC itself is owned by a BVI registered company which in turn owns the Irosta Trading Ltd asset in Cyprus, which in turn owns the Kun Manie license. I believe this corporate structure was created to offset various risks such as those that we see today vis a vis action taken against Russian companies. May also work in favour of offsetting any suspicion that the asset may be yanked by the Russian gov't (Kun Manie itself is operated by Russian company ZAO Kun Manie), which is to say...
- Minnow: The co produces no cash, and the asset will no produce no cash any time soon. Not exactly worth the paperwork to se
Itâs a huge fiddle , the sorries about some pie in the sky buyer , no official statements, speculatorâs pile in with money , people in the know check out at 4p, , just before the invasion, what a coincidence , come folks admit it we have all been took .
Does anyone here still believe AMC is going to be sold? I thought it was accepted that it was a deliberate p & d as key individuals knew what was on the horizon and it gave them a chance to get out at a higher price. This one's dead in the water isn't it? approx 30% below the sp even from before they announced news of a possible 'sale' for ÂŁ100m. Yeah right.
If the times piece was right and Sviblov is the buyer, he isnât on the sanctions list updated today.
".....targeting civilians may be misguided and more down to ineptitude which is now becoming desperation."
I don't think so. I think it was always a part of their strategy in the event that the Ukrainians didn't roll over and welcome them with open arms. Just look at Aleppo and Grozny.
TDT
TDT,
Good watch and yes worth the time!
A few weeks ago I didn't really believe the whole 'smoke and mirrors' thing, suspected there was a double bluff going on, but looking at the bodge job so far it's looking like the points raised in the clip are true. The idea they are deliberately targeting civilians may be misguided and more down to ineptitude which is now becoming desperation.
Back on AMC, another visit to 0.89 is still looking on the cards, if it holds will be another good opportunity to trade/accumulate.
Yep, in spite of what is going on geo-politically, Kun-Manie must surely be looking attractive to a number of parties right now, given the current metal prices. Even if a sale did fall through, it doesnât change the fundamentals, so would only be a matter of time until another potential buyer came along.
https://www.wsj.com/articles/london-nickel-trading-to-restart-wednesday-with-caps-on-price-moves-11647319846
A maximum 5% move in any one trading session on the current quoted price of $48,078 would be $2,404. That's approximately $4B onto the in-ground value of KM.
TDT
TDT