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If a transfer or a deal could not go through why put it to the sh’s.If you are wanting to carry out a transaction such as this you surely do the research.You don’t have a egm and then find out it can’t be done and then ignore those sh’s.We are 4 months down the road.We have been in this position before thinking no news is good news or the old chestnut of “things going on in the background or behind the scenes”Always with the same result NADA..
I don’twish bad things on him as some do,but the time for niceties and patience are gone.
As I said before where’s the @##king money.
MD
If only it were that easy. Truth of the matter is none of us know if it is or if it isn't.
TDT
My point entirely open an acc. In a country that will accept it and get the money under AMC’s custody and control and out of Russia GET SOME BUSINESS DONE
MD
Patience
MD
My point is he is a useless businessman and your mention of the international situation is misplaced.As I mentioned previously companies such as Red Bull have continued to sell their products in Russia for the past 12 months,I am sure they are receiving payment.
RY deserve no allowance of any patients because he is inept and costing shareholders money
MD
Gaz- how can you even try to defend this guy or the situation share holders find themselves in now?
There’s a degree of loyalty, faith & hope beyond which lies stupidity/madness. I believe you’re there mate!
Think RY is a bit more KFC than KYC !!
OTL
Russian government ok’s the deal and 4 months later Robin Young and his bod cannot find somewhere to bank the Money.
MD
There is not a single case in the history of Robin Young’s leadership that puts up a good case for having patience. He never comes up with the goods.He has never come up with a good deal to take Amc forward.
Good Geologist,completely useless deal maker!!
MD
Roger65, that's not a fact. That is your opinion.
We ate an exploration company with money in the bank for now so until I see an rns stating that I will exercise patience.
GLA
Whilst unlikely to yield a response of any kind, it may be worth messaging the Company via their website to request an update on the sale of the mine. If they see enough volume of similar requests from shareholders then they may be prompted to issue an update via an RNS.
RY can’t hold negotiations of any kind for a new venture until he knows the money can reach the AMC bank account. We’re currently in limbo where effectively we have an asset worth zero. If the deal falls through which is looking highly likely then AMC will be bankrupt very quickly. Sviblov might even be playing for this and then swoop to take it for real peanuts! RY has royally fu..ked up. He may well have rapped back in Nov and done a deal with Svib to are no solution is found for say 6 months - so he at least gets some salary out of the deal. Then it all goes t.ts up and shares holders left with nothing. Wouldn’t put anything past these two. Nearly 4 months now without a word from the company. Gotta admit it looks dead in the water and RY just horribly out of his depth.
The only hope I am clinging to is the fact that they haven't issued an RNS stating the Banks have outright refused the money, I suspect that if there was any leak of this the SP would drop like a bomb down to 0.2 and below!!
No news the SP will draft slowly down.
with Theodoros here, Good luck all!!
“On one of Sviblov's yachts, drinking champagne and having caviar spooned into every orifice?”
Until the deal is done.
Then he’ll accidentally fall out a third floor window
Buys outweighing sales and the sp is falling.
Doesn't make sense unless this deal is going to fall through and we are stuck with no asset. Hope AMC have a new venture in the pipeline, and we get a false rise to a good rns
Good luck all, hope we can at least turn a profit for the years of patience
tks ffoxsake. I don't often smile when reading anything related to AMC and especially RY. Turd that he is.
On one of Sviblov's yachts, drinking champagne and having caviar spooned into every orifice?
I wonder where RY is currently putting his feet up? Three months since the last communication and yet we are supposedly in the middle of a sale transaction...? Not in the least bit shady or dodgy eh Robin?
I wonder if the BOD ever pushed the sale of the project in China. Might have been a relatively easy way around the sanctions if the project was just sold to a Chinese entity.
Might be looking at it simplistically, granted!!
So the sale must be ongoing. However, there must surely be some time limit in the contract ..I can't conceive of a contract which gives the purchaser an indefinite amount o time to complete the purchase.
They are obliged to inform the market if there is a material change to their circumstances/the business, whatever that might be, but I presume you know that?
TDT
Thanks for the reply TDT
OTL
The audited accounts up to December 2022 should be announced on 30th. June and the interim results for 2023 will be out September then there is the AGM at the end of the year. Apart from that they're not obliged to issue/do/say anything else.
TDT
We all know that directors have a “duty” to report to shareholders and the Market but is there a statutory limit to how long these silent gaps can be ?
OTL
It will come to an end when RY has spent all the money