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So when someone asks you if you are under an NDA you say
“I can’t comment on that”
As opposed to
“I can’t comment on that as I’m subject to an NDA”
Leave the NDA chatter alone folks. At this point it’s starting to sound like an STI.
I suppose what im saying is that with undisclosed nda....you have a better chance of getting to the end of the process before any competition starts and you are in a much better position if no-one takes you on.....but also in a much stronger position to battle it out if someone does.
Thats true...it would not effect what your willing to pay but surely effects your bargaining position.
If your willing to pay 100 then your likely to open up at 60...or in the case of an aim company say 40.
However, if someone knows your looking and they come in with 80 (publicly)...that puts you on the back foot straight away....they will be offering 80 subject to dd unless they confident of public disclosure.
You cant then offer 60 and try to get it away as a good deal because you have done dd...we as shareholders and the market would not like it and the bod would be stupid to support it.
However, if you did dd and offered 60...even if someone came in with more, you might still get it away if you then had the support of the bod (you satisfied what they want) and they maintain that your deal better and it would take the new offeror a long time to do dd...if they wanted.
I have seen a few cases like this and the famous one 10 years ago or so was african minerals or something like that (camb?) where they managed to get it away despite higher offers...they had support of bod and some of the bigger holders insti who honoured the agreement.
I have not explained that well but i know what im thinking...hh
Didn’t make myself clear at the end there!
Is an NDA a red herring?
Clearly you wouldn’t want people knowing you were interested, so it would be necessary for that. But it isn’t important relative to what someone would pay for the asset.
This is an interesting discussion and clearly we’re all trying to see into the dark. Hopefully some information will be forthcoming that lights up the way soon.
A thought though re if an NDA were in place. Presumably the thinking is that any interested party would be concerned that if it became public that they were in the data room there would be an uplift in the SP, increasing market cap and so forth.
However, (i’m Open to being disagreed with here) but if someone is looking at the company they would be looking at NPV, the drilling data, CapEx etc. All the hard data in fact.
Therefore, if an offer were forthcoming it would be based on this data regardless of the market cap.
So is an NDA a red herring?
This debate goes on in all boards when there is such a lack of news but its rarely true that one is in place.
That said, if i had made an approach to a company with regards to taking a stake or making an offer, i would want an nda that was not disclosed also....any mention of an nda regardless of names mentioned alerts other interested parties thay the clock is ticking and fast...so there would be a good chance of being gazumped before you even completed due dilligence....you just would not leave yourself open like that unless you strategically thought that your competition could only make a low offer and the deck was stacked in your favour.
So who knows but i feel a lot more comfortable seeing bowens come in and buy that amount of shares with cash....if he does similar at the end of this month, i will be on it.
As daft/ convenient as it might sound, NDAs can stipulate there be no mention of even an NDA bring in place. Not sure what that means if there are a multiple NDAs, how that's navigated by a company
Talk of NDA being Speculation is Valid. Just as everything else on this BB.
That being said
We were informed via RNS of an MOU with Jinchuan. We were not informed of this MOU coming to and end or to that effect.
This is a Fact no one can argue with. So to say Jinchuan are still around and interested is not speculation but an informed conclusion on my part.
Russian does not need the Nickel as such. China does.
GLA
S4
Just speculation on my part of course!
I agree CT, you can almost see the direction we are headed in since Tom became involved and with that FEDF investment, it would seem to increase the probability some sort of tie up between us and Malmyz
the only thing you can say is that bowens has bought shares....and we have had many other acronyms.. but nothing has happened and that bowens is on board does not mean anything will happen soon.. ie within months..I am still looking at years!..but would be happy to be proved wrong.. very happy!
I agree CT. From memory RY used to call it a mining 'hub' but 'complex' is the same thing. I also recall he said AMC would be at the centre of it all.
Robin and Tom did not enter into that LOI on a whim, they are both extremely experienced in their fields and in Russia.
So parts of that RNS appear to becoming true, I. E. FEDF assistance, mining complex.
We now have Tom on board,
The recent RNS portrays business as usual, but it most definitely is not
Well neither of us have access to their job specifications or contracts of employment so like with most investments you trust the CEO to employ the team he needs.
Sorry I cant be of any more help.
I am asking what are they doing for the $50k?
Well you clearly assume not a lot. But just because you assume something doesn't mean people should be "let go" as you put it.
If RY needs them, then at $50k a pop they can stay as far as I'm concerned.
here you go:
https://amurminerals.com/letter-of-intent-with-ig-copper/
Whether its $50K or $1m the point is.. what are they doing??
About the same as other Execs do I expect.
But you said relatively high and I assume you mean relatively high to other Execs so imo its not high.
If people haven't refreshed themselves...
The Far East Development Fund just funded a smelter and Tom Bowens is on our Board.
https://amurminerals.com/content/wp-content/uploads/RNS-LOI-IG-Copper.pdf&ved=2ahUKEwiYl5Gno9rkAhVGTxUIHV7oBvYQFjAFegQICBAC&usg=AOvVaw0PuERD37oAlB5ahxUeYIF3
$50k a year each is too bad.''...For doing what...??
$50k..is about 1.5 million AMC shares??
I personally don't think $50k a year each is too bad.
'' LOI'' whats that then loss of interest??
The Russians are after Gold.. the big crunch is coming..
The AMC board has done everything possible to get AMC going... we could not ask more from them.. I have yet to hear a suggestion as to what they can do!
We just have to wait!... and I would not be unhappy to see some of our employees..''let go''! what are these relatively highly paid execs doing?
The when is now, hence the Russian Government have funded a mining complex.
Interestingly, RY was talking about the Far East Development Fund / Government funding a smelter a few years ago, which just so happened to coincide with the LOI to explore a joint smelter.