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Right still waiting if we get 2.2/2.3p for all (1.8p dividend plus 0.40/0.50p selling shares), its ridicule but thats all .. after years here i will loss a 15/18% from 2,73p avg
"Yes you did. You could have sold your shares on the open market at 4"
Utter garbage, it hit 4p for a nano second and was a buy price not a sell price. It fell back to 2p in about 90 seconds, you'd never have got your order completed.
No we did not have the option to bale out at four. We had the option to wait for years.
And why should we have left at 4p when he claimed that AMC was initially promised 7p before being lowered to less than 1p?
Since we are only getting 1.80 per share he should just get the money and just pay us. We don't need anymore of his delaying tactics and nonsense. The longer we wait for payment, the greater the chance we will end up with nothing. I would like this payout to be finalised as quickly as possible. I'm not saying I don't trust RY, but remember what happened with the wait for the TEO results? We waited years, and it only arrived after he offered AMC to the Spiv for peanuts. The longer we wait for authorisation, the less we are going to end up getting. As far as the money in the bank, he can keep it. I, personally, will be happy to exit as soon as possible.
Db, Slowly probably' knows otherwise ' so stop talking s*it
Slowlyslowly hi, how do you rate the risk element here. What are the odds of Putin authorising the dividend, 100% guaranteed, 75%, 50%, 25% or less ? It appears the Bod wants to motor on in their EV’s. So what if it’s not authorised, is it to be paid out of the Market Cap or will it be cancelled ? POG has recently been delisted & posters on the bb stated that the UK regulator has given the Russians a free gold mine. The incoming PM may not be on the best terms with Putin. Three Months is a long time to wait in Dodge.
Also the subsidiary sale was reported in 2021 that cash pot will probably be diminished to some degree by now, unless you know otherwise.
Of cause this will carry on, ‘if possible’, it’s a good money spinner.
TDT that was my impression too,but here we are!! So what the hell do we know:))
MD
Tdt agreed.
Slowly, not unusual that the 'buyer' may have some synergy with the current amc skillset and gain some useful assets AMC may have. (not sure if they have any exploration equipment).
I strongly suspect they’ve got something lined up already.
TDT
RY wants to hook up with a new project, different location, different commodity but mining exploration 4m10s in:
https://youtu.be/xBv2cTuo0zA
sounds like he thinks the Amur team will be involved going forward
I'll try and find it. I suspect he means that they need to find a company wanting to come to market, and an improving market and political climate will make that process go more smoothly. The past 6 months have been a tough climate for companies wanting to list. If I find his comments, and have more to add, I'll comment further.
Slowly,the interview was on @Tim Blyth 1 on 11 Aug.just watched it again and he talks of projects outside Russia being looked at and Definately says Amc will not go away.Sorry I Am useless at cutting and pasting links,but would be very interested in your thoughts on his statements in that interview.
MD
"useless" sometimes they spell checkers make it worst.
Thanks Slowly... He seems to be getting paid in dollars, so I'm hoping the value of the pound continues to decline "at least until we get paid." Knowing how unless RY is, he will mess around, the value of the pound will increase, and we will receive much less than we could have.
Slowly,
Thank you for that and the follow on post - very informative.
Hi Slowly,it was during the last video.He did a pr thing before the vote.I can’t remember the network.I am short of time so can’t look back through,sorry.The link is in a few posts on here
MD
Let me pick up some of these questions.
@MD: Regarding Robin' s comments, could you pull out the exact quotation of what he said. The most recent RNS about the proposed disposal only mentions the ambition for a reverse takeover as described in AIM rule 14, which is what I'm describing. I'd need to see exactly what he said to comment how it fits with the options here.
@potato: I'm not going to make a share price prediction. The deal is with 2p per share. They have 0.4p per share in cash. They'll pay a dividend of 1.8p. That leaves 0.6p per share in cash, which they'll pay if they fail to complete an RTO and have to wind up. If it goes through, the listing is with something too, as I explained, but it's hard to calculate what. Say it worked out that we were then worth 1p, rather than our 0.6p cash, that would be reflected in how our existing shares are valued in the final deal, relative to how the target company's new shares get valued.
When is the last day to get the dividend? When all approvals go through, they'll issue an RNS giving the record and ex date.
@Phantom: What do the board get out of it? If they hold shares, they take part in the uplift. In any case, it's like whenever a board member has completed their time of service. There may be a golden farewell, or may not. It's all part of the deal they negotiate. Often it includes warrants or shares for the departing board. But they need to negotiate a deal that will get the approval of the target company and of the AMC shareholders, so it can't be too tilted in favour of their personal pockets or it won't go through.
If the scenario described is the aim why did RY talk of better political climates and Amur not going away.
It didn’t sound the same idea that’s being talked of.I don’t know or care,but hey ho
MD
Slowly...Could you please inform the group of this? We have been promised a 1.80 divi and I think AMC still has a few million. How much higher do you anticipate the SP to go? When is the last day we may sell our shares and still get the dividend?
Very interesting- nearly all of which I was unaware off .
How do RY and the other Directors benefit- esp in the situation they are expected to “ walk away “ once a RTO is complete and they have nothing to offer the Company ?
Many on this chat will have held through an RTO before, but it seems others don't quite understand what happens. Those to whom the following is familiar, please bear with me, this isn't written for you. But it seems some discussing what happens next might appreciate some explanation.
Misconception 1: Because Amur will have a couple of million cash left, we'll look to buy into a project of that kind of size.
Reality: We wouldn't look for a project to buy with our cash. This would be a reverse takeover, where the target is much bigger than the buyer. We basically issue new shares to give to the current holders of the private company that we take over. That's their payment. Instead of owning their own company, they own the lion's share of what is currently called Amur Minerals, which in turn owns 100% of the formerly private company. Along with the former owners of the formerly private company, we own the rest, along with any who take part in a raise if one is done at the same time.
Misconception 2: The next phase is another chance for Robin to have a go.
Reality: His job is for us to find a private company looking to list through an RTO. It may be nothing to do with natural resources - could be pharma, tech, anything. Almost certainly, unless the experience alignment is too strong to refuse, he and the other board members would leave when the RTO completes, leaving the founders of the target company to run the newly listed company, which will also not be called Amur. They'll find other board members to plug any gaps.
Misconception 3: The value of this company, ex dividend, is basically just our current cash.
Reality: Our value comes from 2 places: our cash (which becomes working capital for the target company), and our listing. Listing on the stock exchange, from scratch, is expensive and time consuming. There are still many checks before the FCA will accept an RTO prospectus, but it's much simpler to be taken over by a cash shell (that is already a public company) than it is to list from scratch. So what we are worth, once we are a shell, is quite a bit more than our cash balance.
If this all goes through, our current directors' job is to say to the world "We are a non trading public company, London-listed, with a couple of million in cash. Anyone out there running a private company who'd like the listing and the cash we've got? Talk to us, we could join forces.". If they succeed, we reap the uplift, and embark on a new journey in a completely different type of company, probably in a different sector and with different management.
Many have expressed doubts with regards to what value the BOD in its current form can bring post dividend payment. Well, this is the time when Robin and his sidekicks show what they’re made of and if he is going to slowly run down the company, or return some of the faith long-term (& short) holders have given him in the past. We’ll find out soon enough. My opinion for what its worth is that Robin has looked downtrodden and stale for a number of years and along with his age not up for another challenge but id be happy to be proven wrong. Have a good weekend all.
If Sasa has gone - so will I. I have been in here since 2008 and yes was part of the £1 hype-full gang. Shoulda coulda woulda and all that. Have significantly reduced my holding here at considerable loss but its done now. Take the little bit of money left and spend it on beer and skittles (a beer, a skittle !). All the best to those who remain.