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totally off limits... except when it comes to stuff that we want...
indeed, Russia was never an easy place to do business... but business was still done
off limits for western companies
MadMat
Even if peace were to break out tomorrow Russia is going to take a very long time to shake off its pariah status. Russia was never an easy place to do busiess before the invasion of Ukraine. Its now off limits for western companies and is likely to remain so for many years to come.
TDT
Point taken but I think you know what I mean... another 6 months and the commercial/business situation with Russian could be far better.
We’re not selling a mine. Before KM can become a working, producing mine it will take several more years and over $1.4B.
TDT
Just watching the 10pm BBC news and they're talking about Russian politicians calling on state TV for peace talks with Kiev...
I hope we're not about to sell our mine for a song just as peace breaks out.
Oh this well drag on alright. The CEO is not going to esp forgive shareholders for taking his pension off him when they voted that first rubbish deal down. There’s something afoot here and I’d lay money on him trying to persuade share holders to spite him to buy something new with their money -, or else who is going to pay for all his holidays and Christmas pressies?! Share holders surely won’t expect poor Robin Young to go away empty handed after all the amazing hard work he’s done for us and all he’s given us over these last couple of years? Surely?
Sounds like a good way for him to not get voted out in December
MD
1st. November for the transaction to complete and for $35m to be paid then a divi to be paid after that within 90 days. In theory this could run into January 2023.
TDT
Twas Moi - 25th Aug:-
"The interesting wording that appears to have slipped by is they are buying Kun Manye for only $5M the other $30M is to repay debt to Amur. This may be how it's going to get past the Russian regulation (if it hasn't already), if they do decide on a 40% haircut it may only be on the $5M. This may account for RY's ambiguous interview regarding the 1.8p
Also will remove any long into the future claim against the RF regarding ownership, in their minds Spivlov will have made a totally legal purchase and their hands are clean."
Somebody, can't remember who, pointed this out before.
"The aggregate purchase price is comprised of US$5 million in respect of the entire issued share capital of Kun-Manie and US$30 million for assignment to the Buyer of the benefit of all loans owed by Kun-Manie to Amur. "
I wonder how important the way this deal has been structured is to us actually getting the full $35m.
TDT
Interims..
https://www.investegate.co.uk/amur-minerals-corp--amc-/rns/interim-results-2022/202209090700038344Y/
We lose a Great Liz and gain a thick Liz.
Blah blah blah blah blah blah.give a rest.
MD
I never called for the murder of anybody. I wished our politicians would have taken every step towards brokering peace talks, but they are more than happy to profiteer from the whole situation.
Madmat linked a story that claims the people who have taken responsibility for the death of Darya Dugin have Putin on their hitlist, the only thing I'm assuming is that he is not using them to kill himself.
Yes, and Europe will suffer because our childish leaders wont talk the 'enemy' Putin. I have more to fear from my own so called leaders than I do from Putin.
HonestTom
You don't feel inclined to express similar concerns for the 10's of thousands of people, both Russian and Ukrainian, that have died as a result of Putin's invasion of Ukraine or the millions of people that have been displaced?
As for Darya Dugina you're assuming that Putin had nothing to do with her death.
As for Putin he is not a perceived enemy, he is an enemy.
TDT
So now we are just casually wishing for the murder of our perceived enemies to protect our investments? How many daughters of Putins allies would be acceptable collateral damage?
Whilst we have a ****** in the White House and an opposition party in Parliament who you wouldnt trust to run a bath let alone a country im afraid we will get much of the same for next 2 years.
Agree MadMat, the world would be a better place without him.
The glimmer of hope is that someone assassinates Putin and sanctions are eased.
I hope AMC is still working on the mine plan, just in case its needed.
https://www.news.com.au/finance/work/leaders/putins-days-are-numbered-claim-assassins-responsible-for-darya-dugina-death/news-story/f54382748cdcade08ae3e5119958650f
https://www.spectator.co.uk/article/alexander-dugin-darya-putin-russia-ukraine-assassination
“Truss’s fiscal plans may help households but probably not the pound and the talk about the Bank of England doesn’t help,” said Roberto Cobo Garcia, head of G-10 currency strategy at BBVA in Madrid. “Global risk appetite may need to improve somehow to stop the pound carnage.”
Meanwhile Citigroup Inc. strategists Adam Pickett and Benjamin Nabarro advised clients Wednesday to stay short sterling, writing that Truss’s plans to freeze energy bills are increasing market concerns over the country’s balance-of-payments position.
“The current account is being eroded by high energy prices and Brexit,” as the domestic growth picture remains weak, they said. “This is leading to capital account inflows drying up at a time when the UK needs them the most.”
State Street strategist Lee Ferridge cited a similar line of reasoning for ongoing pound weakness.
Truss’ plans are “going to expand the deficit and it’s going to be huge,” Ferridge said Wednesday on Bloomberg TV and Radio’s “Surveillance.” “You got a significant current account deficit in the UK, as well. You can’t have twin deficits both over 10% of GDP. That’s not a developed-market scenario we are used to.”
https://www.bloomberg.com/news/articles/2022-09-07/pound-risks-bear-market-slide-as-new-prime-minister-glow-fades?cmpid=BBD090722_BIZ&utm_medium=email&utm_source=newsletter&utm_term=220907&utm_campaign=bloombergdaily
Tough times ahead.
TDT
Brookieboy,
Agreed, but I don't think we will see the other 0.01p, it will probably go towards the new asset they are working on/ have lined up.
TDT - Agreed, Dizzy Lizzy wont have to do much for the pound to drop further...
brookieboy69
I don't think Thick Lizzie will need to try that hard to achieve parity with the dollar.
TDT
Since last month the value of the Pound has dropped by about 5% vs the Dollar. So the 1.8p payout, should be closer to 1.9p now. If Truss tries hard enough we could get closer to currency parity when the Russians pay up, so more GBP for us!
Small crumbs of comfort for me, but I'll take it.