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EXCLUSIVE: Robin Young, CEO, Amur Minerals #AMC talks long-term strategy


Member Info for redknight1


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Member Since: Tue, 2nd Mar 2010

Number of Share Chat Posts (all time): 314
Number of Share Chat Posts (last 30 days): 1

Last Posted: 2 May '18


Post Distribution over the last 30 days




3 Oct '16

Someone's bought 100k at 85.5/86.5/87.5/92 over the last 2 trading days...

More to come...?
30 Sep '16

There is one simple conclusion from this report...

At an average copper price of $2.88/lb for the 16.5 year LOM, the NPV of THIS MINE ALONE is $445m...

That's £340m...

Or 291p per share...wait till the analysts get their teeth into that...

And this is for only ONE of the SIX projects we own...the others include a gold prospect...

So...I've bought another 5,000 at 86.1p...

GLA
28 Sep '16

Hi Guys

Sorry for your losses in the past...I was a relative latecomer and now hold c130k at c86p average.

I'm afraid I couldn't disagree with mepobre more. Four reputable brokers have just updated their targets to between 160p and 225p, following the last half yearly report that states we will reach full production of 9.5mt pa in Q4 and will be throwing off positive cashflow provided the copper price remains above $2.15...

That is a massive transformation from a company that over-promised and under delivered under HAA.

There is a Resource update to come which could pleasantly surprise, after which Directors will be free to buy shares...

I have traded these at the margins recently, buying down from 90p to 77p and then turning the added shares about at 89.5p waiting for another opportunity to move in, which I have today with 5,000 at 85.9 so far.

I'm sure you will do your own research, but I expect to sell half my core holding at twice the current price in the next year or so and keep the rest 'for free' earning juicy dividends for at least the 16.5 years mine life.

A raft of commentators are foreseeing a copper deficit from 2017/8 onwards; ATYM are expecting a price in the $3s or higher within that time frame. Some of the recent broker forecasts were done on the currently known resource and a price of $2.25 so with full production of 45,000 tonnes a year you can work out that a move to $2.50 would add almost $25m to Gross Revenues...

Anyhow...GLA and hope you didn't mind the response...

AIMHO as usual...
28 Sep '16

Just doubled back in having sold half 2 weeks ago at just under 0.8p...

Onwards and upwards...thoughI will increase if they fall further as I think this is a smart play with virtually no capital costs..and a dual ASX listing to come...
20 Sep '16

See above in Brokers ratings
20 Sep '16

Click on Broker Ratings above...that's all I've got other than a post I've seen on ADVFN...
20 Sep '16

Sorry...autocorrect...Finncap upgrade...
20 Sep '16

Finical upgrade from 195p to 209p today (see above)...and that's before the resource report...or Directors' Buys...?
9 Sep '16

However, I've banked the profits on most of those 22,000 at 89/90 today, which reassures me somewhat when I add those selling prices to the bid for 50,000 at just below the market quote 2 days ago...

Why sell...? I bought them on a T+20 and I have a personal rule to never pay for T+20s if I can avoid it. Looked like too good an opportunity for a quick buck, so I took it....still got c130k so I'm chilled going forward...
8 Sep '16

Never admonish...especially when you can't spell... ;-)


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