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Share Views Episode 9 - Early Stage Investment Opportunities


Amur Minerals Share Chat (AMC)



Share Price: 3.38Bid: 2.94Ask: 4.00Change: 0.00 (0.00%)No Movement on Amur Minerals
Spread: 1.06Spread as %: 36.05%Open: 3.02High: 0.00Low: 0.00Yesterday’s Close: 3.38


Share Discussion for Amur Minerals


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8adger
Posts: 91
Off Topic
Opinion:No Opinion
Price:3.38
RE: Dear Mr Young
Today 00:10
Splendid questions on all lth's lips. Let's hope we get some answers.

I would like to make one point though. In this time of negativity amongst long termers. I strongly suspect all will be forgiven/forgotten if and when we get some news which pushes the share price north.

Perhaps we should all wait for the RY memoirs.
 
Crazytowner
Posts: 114
Off Topic
Opinion:No Opinion
Price:3.38
RE: Dear Mr Young
Wed 22:53
Continued......

4. Over the past 9 months, Crede have crossed shareholding thresholds many times and continue to do so.
Could you please explain why AMC have not issued RNS’s on each occasion & why under the Memorandum and Articles of AMC the shares have not been disenfranchised.

5. Shareholders refused the share issue authority at the recent AGM with a view to stop further tranches to Crede and terminate the financing agreement.
As the date for Tranche 4 has now passed, could you please advise on what basis it did not occur, the effect on the agreement and the current status of the agreement.

6. In light of the appointment of Paul Gazzard as a Director and his historical advisory services to AMC, could you please advise what his role was in due diligence & recommendation of Crede as a source of finance.
How does AMC benefit by providing him with a directorship instead of continuing with consultancy services?

7. In March 2016, AMC committed to update the FAQs in a more timely manner as well as update the backlog. This has this not occurred, why?

8. As the board believe that AMC is presently undervalued, why are we not seeing Director share purchases from the open market?
As lock out periods appear to be frequent, couldn’t Directors not enter into monthly share purchase commitments that would negate such periods?

9. What were the total votes for and against each of the resolutions at the recent AGM?

10. Could you please clarify the 450,000 GBP value requirement element of the Crede agreement that enables AMC to call the warrants.
Is it 450,000 GBP value per day for 20 consecutive days, or is 450,000 GBP an average based over 20 consecutive days?
i.e. would a single days trading of 45m shares @ 20p per share satisfy the 450,000 GBP requirement?
Crazytowner
Posts: 114
Off Topic
Opinion:No Opinion
Price:3.38
RE: Dear Mr Young
Wed 22:51
Not quite sure I see the point in posting questions on a bulletin board yet not sending them directly to AMC.

Here are the questions that I presently have lodged with FAQs / info@amurminerals.com

Pre AGM

1. With the current share issue authority having been reached, it is not possible for tranche 4 of the Crede agreement to occur.
It is suspected that under the agreement the board is required to make all reasonable attempts to ensure sufficient share issue authority exists, that the board are contractually obliged to vote in favour of additional share issue authority & alternative equity deals cannot be entered into without Crede’s consent.
With Crede’s actions to date contrary to the long term institutional investor we were led to believe back in December, the share price has crumbled, the dilution is increasing substantially with each tranche and investor confidence is extremely low.
Could you please explain why AMC have now called an AGM instead of an EGM and avoided clearly presenting and explaining the situation to shareholders.

2. At the current share price and lower, the share issue authority will not be sufficient for tranche 5 of the Crede agreement to occur.
Why has AMC only asked for a share issue authority of 200m shares?

3. It has been stated by the company that it is presently funded through to the completion of the DFS. Can you please confirm the following,
i. Based upon the current cash balance, an additional 5m GBP (Crede T4 & T5, warrants not paid for) is enough to complete the DFS without having to secure additional financing.
ii. That the above cash is sufficient to ensure that next seasons drilling will not be affected (reduced / cancelled).

4. Does the board of directors believe that if the Crede deal is terminated early due to insufficient share issue authority, they can secure alternative funding on better terms.

5. Does the board of directors believe that if the Crede deal is terminated early due to insufficient share issue authority, there will be any negative effects to present discussions with 3rd parties (FEDF, IGC etc.)

6. Under the agreement with Crede, is the Black Scholes valuation model applicable in the event that Crede pay cash to exchange the warrants to shares?

Post AGM

1. Could you please explain the significance of the show of hands & proxy votes at the recent AGM, in particular, which methodology decided the outcome of the resolutions.

2. Following the refusal by shareholders to grant additional share issue authority to the company at this time, could you please advise whether the agreement between AMC & Crede has now been officially terminated.

3. Could you please advise whether the Black Scholes valuation method is applicable in the event that Crede pay cash to convert their warrants to shares.
SchachMeister123
Posts: 59
Off Topic
Opinion:No Opinion
Price:3.38
RE: Dear Mr Young
Wed 18:05
Oh, I see *****y's (TDT) out again,seeking his usual needles confrontations !
Boredom or anger ? Decide for yourselves !
TrickyDickyTwo
Posts: 809
Off Topic
Opinion:No Opinion
Price:3.38
RE: Director buying
Wed 17:13
sandyR1

You obviouslt don't know what a close period is. Try reading the rules.

https://www.dropbox.com/s/ss5fmd6mx5oa5xc/AIMRulesforCompaniesJune2009.pdf?dl=0

TDT
TrickyDickyTwo
Posts: 809
Off Topic
Opinion:No Opinion
Price:3.38
View Thread (2)
RE: Dear Mr Young
Wed 17:05
"many private investors read and take note of his posts."

Unlike your posts which most people ignore.

TDT
cossy
Posts: 15
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:3.13
Post AGM
Wed 15:57
I am pretty sure that something positive will be released feeling in my gut...may of course be wind but the mining area is getting larger and i believe with higher quantity of resource?
I also got a good feeling from the AGM there didn't appear to be any worry in the room from BOD no matter the vote outcome
max2mentor
Posts: 526
Off Topic
Opinion:Hold
Price:3.13
RE: Post AGM
Wed 13:51
Short timeline of events :-

1) Financials - by Friday - anyone's guess what to expect here ?

2) Reserve/resource update - early next week more likely - prior to Minex conf in Moscow - so RY can update participants on the last year's activities ...consequently some good news required I guess before entering the "den"

Money deal required by ...say end of March possibly ?

Just my view

GLA
cossy
Posts: 15
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:3.13
View Thread (3)
Post AGM
Wed 12:05
An awful lot of half empty glasses currently and i fully understand why!
However interim's are being prepared and there should/could be some good news after all the new drilling results are included and info for the DFS?
And perhaps a reference to new funding ...in my dreams perhaps
Keep the faith which i know is difficult
Nolosstillsell
Posts: 1,832
Off Topic
Opinion:No Opinion
Price:3.13
RE: Post AGM
Wed 11:42
I find it hard to disagree with a lot of what you said Vertigo.

At present we are very much in the dark and need quite a few answers.

Interims tomorrow or Friday latest may answer some of them.

Fingers crossed.




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