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1.08, for three years? What three years were they then, I've been here, on and off, since before the 46p spike, which made me a few quid, i don't remember an sp of 1.08p at any point in time. So you're in a healthy profit now, likely to make a lot more from here, but it's not enough, you want more? Or wrong board or just enjoying torturing the inexperienced.
Hi tricky x consultant ah who brought massive enthusiasm to amc , with contacts and experience charisma, put 100k or so of his own money into amur last year, I wonder what return he would be looking for. (We are still awaiting an explanation from amur over his non election )
Ibizamatrix1998 I don't want to depress any LTH but around 1.08. I was stuck here for 3 years and with the non-stop dilution, i never made a penny profit. Unless they release good news, that's different, then i'll load up.
For me it’s quite simple. I look at other junior explorers in the nickel space and I compare them to Amur, Horizonte being an example. I then ask myself one simple question, given the relative differences between these nickel explorers is Amur lagging in terms of its MC and the answer, IMO, is no.
Given where HZM is at in the development cycle if their MC is £110m then Amur, in relative terms, is doing well at £24m.
I've been involved since August 2009, I watch this every morning, a few hundred small investors will be watching too. There's a few reasons people are not buying. Massive dilution... still no road, SP was higher before we got the license, zero communication, can't trust a thing released by Roy Rogers, all news at least one year behind promise, etc, etc...I'm not invested but will be when I consider the SP low enough. This is now a bottom feeder buy, anything else is too risky.
A reasonable exchange of views is so nice to see,perhaps there is hope yet.Now what is needed is some sort of effort from the bod to show they still have any interest in the company and at least make some sort of communication with its shareholders. MD
Look at Horizonte Minerals. They have Glencore and Teck Resources on their share register, a royalty deal with Orion Mine Finace, about $25m in cash in the bank, their debt finance in place (to be confirmed once the equity side it tied down), excellent infrastructure, over 4.5m tonnes of nickel over three project and are located in the mining friendly jurisdiction of Brazil.
Their MC is 4 to 5 times Amur's. Admittedly they're lateritre as opposed to sulphide but they are much further down the road with a much bigger resource and are well within the lowest cost quartile.
With everything they have going for them Horizonte should either be much further ahead than Amur or Amur should be much further behind (in MC terms that is).
After 11 years its difficult to remain positive, I know that feeling only too well, but I think your assessment is wide of the mark.
Yet, mines get built in Russia and PIs have made money. Lots of it.
Yes, Russia is very corrupt. I have a history with Russia and it is indeed very corrupt. It’s what a long period of socialism does. If nobody owns anything, nobody cares for anything like it was there own. If there’s no link between profit and work, then you do what you can to get by. You can’t erase this kind of thinking. It exists anywhere there is centrally planned governments.
Anyway, the reason the SP is low is the same reason the profits are potentially massive. Risk . Lots of it.
When people talk about Putin being a gangster etc they don’t realise it’s actually his “lot” who are trying to NOT continue this corruption. To most Russians, Putin is the Tony Blair - the modern, business minded guy.
Russia is an enormous, ungovernable country. There is only one way to manage it and that’s very ruthlessly. You can’t apply western logic to it. That’s the issue we have understanding it, and you never fully will as a westerner.
I have now held this share (AMC) for over 11 years. During this period there has never been an RNS with negative news/information, yet he share price is almost rock-bottom . WHY? I have thought long about this conundrum. With the growing need for Nickel in EV batteries one would expect that a host of international companies in this industry would see that this company is vastly undervalued - if indeed it is???? One has to seriously consider that perhaps it is not. There has been no sign of the shares being accumulated, large volumes are still being dumped at present prices and one wonders who is selling? Selling at these levels (most likely at a loss), shows total lack of confidence. That is where I am now too. On the whole our management has done a shoddy job for their shareholders, which sadly do not include themselves. - ignoring the few odd share they own. Management is not invested in this company and neither is anybody else of importance. However I doubt that the low rating is due to them because a take-over and possibly even a joint venture would through them out immediately. By now there should have been serious discussions with industry leaders and there are none. If there were the share-price would reflect it. Hence I have concluded it must be the location- Russia. Five years ago I had a fairly acrimonious argument with my stockbroker who very strongly advised me to get out of Russia. His reasons were, corruption and dishonesty in business dealings. At the time the share-price was 38p. I refused to listen to him which upset him so much that he asked me to move my account . Yes he did! Something is wrong in Russia. How else can a share-price collapse to nothing when resources keep growing and all along no negative news-flow. Most likely my broker was correct - it must be -LOCATION.