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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
Morning All,
Haven't checked in for a long time here and have been trying to keep optimistic the banking gets sorted.
My simple mind says there must be a solution. MD's point about Red Bull still being sold in Russia would sit alongside many other western brands still being sold in the country, and money must be being repatriated in some way.
I won't confess to being familiar with the detail of the sanctions but with brands operating, gut says there must be some way of overcoming the banking issue.
What I don't like is the radio silence from the BOD. Appreciate its the latest in a long line of poor comms, but at this juncture, even an update saying situation is as was, would be appreciated.
Anyone have a guess of when this saga will come to an end one way or another?
TheEast
I lost 45%, and if I hadn't sold, it would now be more than 60%+ I'll never forget the RNS on January 25 telling shareholders that he received a £100 million bid. Since the summer of 2017, I think we have all been done us all up like kippers. That this is still listed is incredible.
Wax lyrical if you like,your self importance still rises through.
The complexities of the market make no difference.The directors of Amc and their well-being have always been the priority here,sadly that’s the area most were,including me were a bit thick.
MD
Hi MD, that’s not my point there are some very intelligent posters. Intelligence isn’t the issue, it’s that they don’t focus on the Industry aspect. Same with all these bb’s. Intelligent posters post about what ‘they’ think is relevant without any knowledge of how the Stock Market works & others blindly follow. Sometime’s a gripe at Market Makers, that’s all. It’s a sweetshop without any consideration of what’s occurring behind the counter. With more liquid listings We are trading against the Industry but with illiquid stocks the controlling interest is more prominent. Look at last years graph, if you think the wide swings are due to PI’s little trades, your mistaken.
What’s going on here, obviously very little. Is that due to circumstances or other ?. Surprisingly there appears to be a desire to continue with this listing & the carrot has always been the wonderful deposit. I hope you get your Divi, but if it’s not forthcoming I don’t think anyone will be surprised.
Read your own post and it’s quite clear.All you seem to post is condescending remarks about pi’s lack of intelligence.
On this particular bb the only thing that the pi’s can understand is that they were told a dividend of 1.8 pence would be paid for the sale of A mine.The deal was agreed in October and we are all wondering why we’ve heard nothing.
Perhaps with your vast knowledge you could tell us as it seems the ceo of amc will not
MD
Hi Spud, I think these bb’s are very dangerous. The stock market is not what it appears. Joe Public focus’s 100% on the Company & what they can find on the Internet. For the Industry sitting in the background, that We interact with & are running the show. They focus 100% on the listing mechanic’s & values being traded etc, to profit. I ‘never ever’ see any mention of the Industry on these ‘Retail’ bb’s. Which I find quite astonishing. Even PI’s trading do not appear to understand the set up & mechanics involved. It all looks so simple, Posters have no idea.
Red Bull are still selling their product in Russia I see.Perhaps AMC should open an account in Austria as money must be flowing into Red Bull’s account.
Meanwhile we once again wait in another of Robin Young’s silent spells.
MD
I should have said a penny, but it isn't even worth a tenth of a penny.