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Look at EUA
I am amazed at the naivety of some posters here or they're being disingenuous.
I see there are no limits to AMC surprising PI's (but unfortunately no surprises when it comes to the share price).
I would not be surprised if they end up with a JV type deal....give up a chunk of Kun-mani in return for an income stream.
I can not see this story ending well for PI's IMHO.
Has anybody found the resolutions yet?
It is quite possible Adam is opening options and avenues that AMC had never considered before, or had available.
The annual share issue authority remains in place, so it's not as though they can just issue the full asking.
There is no instant dilution. It would be great if they never do, but if you take EUA as an example they have 2.6 billion in issue and if there plans come together it could be a super multi bagger.
This could happen to AMC aswell.....
Did they not just raise 500k with some share give away to obviously get to a point, this is something different imop
"Such potential transactions include acquiring interests in revenue generating assets or financial instruments within the mining sector to provide the Company with a reliable source of income going forward, or where the Company will be able to add short to medium-term value."
To me, and going on past experience, that sounds like more death spiral financing
Why dont we weight and see what's said Friday and the coming months, I am going to try stay positive, I need to after not selling out at 44p I dont think give details of a merger trying to spike the sp and saying in the same breath once th sp has climb greatly we are going to have the value back down, I prefer low and then rise your way is an mm perfect play ground imop
So you want the to tie up a merged when they got no cash and are vulnerable to a very low ball offer ? I would imagine we would get about 3p for the company....I don't mean 3p a share, I mean 3p for the company, your looking at this very negatively imop, I for one am happy things are starting to perculate
What? If they have a potential merger in the offing and can provide details of this and ask for shares then, then yes this is possible
Come back to you first on news ? I would imagine that's not possible
No. I would be asking the company to come back to me when they have concrete news of a potential merger.
We have seen our value decimated by the actions of the board. They cant be trusted to act properly with a further billion shares.
Maybe if RY stood down that would entice me
If your against it, your basically tieing Ry hands behind his back and then probably forcing the company to run dry and fold up, that logic is bizarre, how many mining companys do you think get to production on under 1 billion shares ? Answers on a fag packet please
You vote for it then. I wont be
Communication on the extra billion ? Your going to get that Friday, would you rather bumble along in the 1/2p club, or would you rather get things moving abit and get in the 10/20/50+ club ? The previous Rns was more interesting that it first looked
I get your frustrated arnt we all you either have conviction in the end goal or you dont ?
I'm against it because I don't trust him to use them in the best interests of shareholders.
Against it because of past performance. Where is the value that has been added with the existing billion? Where is the communication to shareholders? Etc
Not sure why you think this is a problem, we need more money to further the project, and I would imagine something is going on in the background this is very positive in my view, stop worrying about halving the price and more about a multi bagger imop