Hi Visa, when a stock is in a down trend assisted by shorts & share placing's, it is very difficult to stop without massive volume buying. However when holders can no longer be induced to sell & stop losses can no longer be taken out, the price bottoms. I think that this may be the case with amc & the increased holding by Crede looks encouraging. The only time to 'invest' in stocks is 10 year cycle corrections & 'growth' stocks at that. Lesser grades of stocks ie aim, are for trading only.
This was around 10p pre licence noloss don't keep dangling the carot this is well under valued by 12p at the least. CON men ARE at work here there is no way the sp should be this low now and the mere fact trading is going on below 5p tells me for sure. No wonder britain is falling to pieces how come the media does nt pick up on this. You see this is what happens when people just sit back and allow it, just like everything else in britain ie all your industry gone the lot but had the people stood and made a stand against it, then we would still have ship yards / mining / ect . Makes me cry when they say we going to build more houses RIGHT ok what with ? inported materials and labour we don,t make anything any more. So lets take a look at the aim market has cpx moved up NO has ukog moved up NO so the share price on amc is floating below 4p do you really see this taking off and some says hang on ANOTHER 18 MONTHS are you daft or what ? I tell you all now this share sp at present IS CORRUPT and i dont spend all day on the lse infact i seldom look at the sp BUT FOR GOD SAKE SOMEONE WAKE UP I KNOW YOR OUT THERE. POST A STATEMENT DO SOMETHING DONT JUST LET THEM ROB YOU.
I don,t visit here much not since last year when the mms put a dreadful low spread during the rise to 44p and down again which allowed some huge sells. Having been in amc for some 8 years now im shocked by this present share price and disgusted with mr young and others too, I now don,t see any future for amc as the time scale ???? from drilling to production seems endless. What i find really interesting is the vast amount of british sovereignty thats being bought up over here along with vast amounts of property in london at an alarming rate seems endless. I don,t think amc want to get to production infact whats going on here is trading below most investors due to the very low share price. im just about fed up with all of this and our politicians that are more interested in selling off britain or incriminating the british rather than bring about a proper lawful system seems very worrying. How on earth the share remains this low after being granted the licence is shocking to say the least also why did it reach 44p in the first place????? of course the reason is it greatly damaged amc share price due to pumping and dumping and the mms should be investigated by the fruad squad.
My thoughts on the road are that if the FEDF announces they will fund us now, and the company announces through the market the SP will move north. However this allows Crede to sell into it big time making obscene profits. I don't think the company or any of us want that. In fact a slow burning death for that company would be my preference.
So a delay on that front would be good. Like they say we'll see. I am not going to whinge about Crede not being able to make hay though. **** no. V
I am perhaps more inclined to the view that Russian bureaucracy in putting in place the mechanisms to dish out funding for the road is moving at it's own pace and RY will give us this news whenever available.
I think the Toll Smelter hybrid option is a response to the very difficult conundrum that RY faces regarding equity dilution, in the same way that streaming has been flagged as a way of mitigating this dilution issue. On the optimistic side if we have net $500m of financing at a potential max of 50/50 debt/equity then $250m even at say 30p is 833m shares, that will be painful, even if still highly profitable in the end.
Initial Toll Smelting is perhaps an option that will need to be carefully considered unless: 1) The SP starts to head north in a big way (a road funded RNS may do that) 2) A streaming deal is particularly attractive and can easily cover off any 50% equity need (I think the asset will be attractive to a streamer) 3) Russian debt finance at 80% is available and cash flow can support this 4) The FEDF also help finance the smelter as part of their hub vision and want it operational sooner rather than later. 5) Any road funding can be structured in a way that creates an asset on the b/sheet of Amur and is available as shareholder's funds in any deal with a banker.
Really we need to see minimum of LGM or even Refinery to extract most value at a project level, but there is so much inter-play with dilution going on here, and so much rests on what happens with the road.
I also think some of the comments seen in the RNS are about negotiating points with the FEDF, but we will have to wait and see on that one.
One thing I do know is that if given the opportunity to vote on further shares I will vote against it and ask the company to take it's chances back in the market place. With the project improvements seen since that Crede deal was struck ie a JORC resource statement showing far better numbers than anticipated, fantastic drilling results so far this season, an upcoming DFS compliant reserve statement and an improved market outlook better funding options should be available. Although I do fear that T4 & T5 can go ahead within the existing authority.
I have no concern regarding any slippage and in no rush to get my money out as I did that last year. A top slice is programmed in, then the rest can ride all the way to dividends if necessary. I would prefer the asset to be sold further into the next bull market if possible and when much more of the known potential in the ground becomes 'scores on the doors'. So personally I am open to the idea of a further exploration year post the DFS, provided the fund raising for this is sensible and the outlook for market prices continues to improve.
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