The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
fake news
The only downside to the Special Dividend is that it's classed as Income Tax so HMRC will want their cut of it so further degrading it's return value. I have a 3.1p average holding so will be underwater on this regardless.
"spineless yes voters... terrible insight in to the deal making process in Russia....there will be another buyer...guaranteed RY just wants an easy ride in his last few years at work..."
That has to be one of the most dumbest ignorant posts ive seen in a while and on LSE thats saying something..
husato
Today at 1123 you posted :
spineless yes voters... terrible insight in to the deal making process in Russia....there will be another buyer...guaranteed RY just wants an easy ride in his last few years at work..
You also called another poster an absolute mug .
On the 7th August you post and ask a number of very relevant questions :
ask yourself this question....
will the SMO be concluded before winter sets in?, will Ukraine and Russia agree a cease fire? will Ukraine cede territory to Russia? will Russia back down?
could the war be in stalemate through winter?
could Ukraine and Russia rearm through winter?
could Russia declare war in Ukraine and call up reserves and go full invasion with Belarus helping?
is it likely the economic change in Russia west relations reverse in the next 2 years?
can Amur minerals find another buyer in the next 12 months?
could amur minerals declare force majeure and or run out of operating funds?
all very influential answers one should consider when making this very unwelcome choice.
As gutted as i am, bordering on heart broken, i am going to accept and make afresh start with the dividend and hope amur reinvest well and get a few pence for my holding down the road.
On the 9th August you post :
Voted NO today 3 million shares.
Fair enough you have changed your mind / position we are all entitled to do that . However , does your 360 turnaround mean you should be as unpleasant to other posters who have asked themselves the same questions you asked and have taken your original position ?
REMEMBER KINROSS AGREED 640M WITH SVIDLOV BUT THE RUSSIAN GOVT WOULDNT GIVE PERMISSION TO SELL AT THAT PRICE AND SAID 340M THE MOST.
ITS NOT ONLY SVIDLOV BUT THE RUSSIAN AUTHOROTIES.
THESE LTH HAVE TUNNEL VISION, IF YOU WANT TO BLAME SOMEONE BLAME NATO SINCE 2014....
husato where are the counter bids from Nornickel and RCC now ? ( Vladimir Potanin of Nornickel is a recently sanctioned individual but as far as I am aware the Company are not sanctioned)
Why are they prepared to lose a multi - billion asset to VS ?
Husato...what are you being paid for these comments?
spineless yes voters... terrible insight in to the deal making process in Russia....there will be another buyer...guaranteed RY just wants an easy ride in his last few years at work...
absolute MUG...
Just put it out there:
"The Company has been advancing the Project in accordance with the terms of its Detailed Exploration and Mining Licence and notes the anticipated life of mine capital cost estimate of US$ 1.92 billion, including US$1.14 billion for preproduction and construction costs of a 12.4 million open pit ore tonne per annum operation, as detailed in the TEO Project Russian feasibility study. The Company does not foresee this financing being readily available in order to advance the Project to production.
-- The Company has received no other proposals for the acquisition of Kun-Manie and is not in discussions with any other parties regarding a disposal of the asset.
-"- The Company does not foresee that another offer to purchase Kun-Manie would be forthcoming in the event that the current offer is rejected.
Cant believe some investors just have tunnel vision and believe another offer will come, this snippet and phrase used in rns "final opportunity". They still dont want to read what is in the rns, if amc run out of cash company will lose its asset no one will invest in russia, amc cannot hold onto asset and kick the can hoping another offer will come.
"...and has ultimately concluded that this is now the final opportunity to recoup the Company's sunk costs in Russia when taking into account a number of internal and external factors that have affected the Kun-Manie Project:"
Im registered user, dont work for company nor do i know anyone in the company.
Maestro1
Without wanting to be offensive, you have been very busy of late, I assume you are not working for AMC?
Rns snippets, when big business men say its last offer then its last.
"The US$ 35 million offer for the purchase of our Kun-Manie asset is a last and final offer from Bering Metals LLC, a Russian incorporated company controlled by Vladislav Sviblov."
"Given the geopolitical situation, we HIGHLY recommend that shareholders approve the offer which at completion and receipt of a single payment of US$ 35 million, a special dividend of 1.8 pence will be paid to shareholders within 90 days of receipt of funds."
Should shareholders reject the sale of Kun-Manie, there are virtually NO alternatives available to our advancing development of the project. This includes a sale to non-Russian entities or to the ever increasing list of Russian sanctioned mining companies, funding institutions and banks. The majority of international resource associated entities within Russia have or are also withdrawing from Russian activities and operations.
"The Company does NOT foresee that another offer to purchase Kun-Manie would be forthcoming in the event that the current offer is rejected."