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Well let’s wait and see Joe.RY May not have the fitness he once had but Kun Manie is his big project
OTL stop that or you’ll be on the naughty step
MD
A comment regarding the men in charge. No one is perfect and indeed they have their own baggage. My own analogy is re another company i'm invented in, EML. Graham Clarke is now in charge there and he has the baggage of SXX to carry (he was former director there). So i'm confident there as despite his past issues, he has a world of knowledge re Potash and is the best man to have in charge. I'd use the same analogy for our current Bods in that they might not be perfect but they're probably right up there with who you'd want to have in charge. I'm certainly comfortable and look forward to more appointments as time goes on. Apologies for the OT.
MD, Mr Bowen’s has history in dealings and I am still waiting for the Russia angle with this ‘strategic deposit’ for me he is I hope working on that side and hopefully after the TEO we might see something positive. While yes the ‘deal maker’ Adam is working on a different future side! As for Mr Young, a geologist who IMO does not have the ‘final hurdle push’ but will still provide experience in all things mining!
One last word from me which will not go down well on here is that if my thoughts on Russia and Norilsk are correct then after the TEO is complete and the firm off take is done with Glencore then why even start an expensive BFS when the Russian TEO is sufficient for the potential buyers. Just wondering what the sale cost could be but again we need more information from the mine and a TEO first! Things could move very quickly IMO after TEO, but yes all we can do is guess until the RNS’s drop in the mail!
It will go I hope down one path or another! Which one ?
Hi Etank. Thanks for the earlier post, no offence taken and none given. Been in AMC for what seems for ever, rode the SP up to 44p and down to where we are today. Everyone has their own strategy and wishes, mine is a preference for a asset sale at a fair price and investing in further projects. There are many reasons for my wishes, Russia, CAPEX, management skills are just a few of my reservations. ATB Speedy
MD ..... was that hands on the tiller or hands in the till ?
OTL
"Schafer and Mr Young have their hands firmly on the Tiller
MD"
God, I hope not, we don't need another Titanic job here.
Also at the time Mr Bowens Was touted as the deal maker
MD
On 7aug 2019 Amc announced the appointment of Tom Bowen’s to the bod.With Adam Habib seeming to be the great hope for the future what are the thoughts on mr Bowen’s has he been benched,if not what roll is he carrying out.
While AH is the public face at the moment I’m sure that Mr Schafer and Mr Young have their hands firmly on the Tiller
MD
Hi Westie50 & Tuckman,
Thank you for your thoughts - I appreciate the time given,
etank
guitarman001
That is a very difficult question to answer with so much variable
Personaly i have quite alot of confidence in Adam at the momment after what he has done since joining Amc
And on that note i am 50/50 he could pull another rabbit out of the hat and blow us away
Either way with finacing in place there should be some uptern in sp 2/3p conservative added to the Teo/2018 drill update/conversion in Nrr deal to better cash, theres lots to see hear
Just keep reminding your self of that, and like me you will have know worrys at present
i am always half full, but also unsuprised with a possable googly
8 years on aim reaserch to be as confident as possible but protect your self
Morning Etank - That's always an interesting conundrum and probably one we all think about in most of our investments. i'e why isn't share XYZ higher than it is? My own personal view is that production is a long way off and only then will the true potential be realised. I know it's not fashionable to compare other stocks, but that was exactly what I did when researching here as i've ben a long term holder of HZM. Their assets are probably better than here and much further advanced, so i thought here I was getting in at a decent price.
For the future, yes the TEO, Binding Offtake should provide a spike, but personally I can't see a massive increase in sp until maybe finance is arrange or the 100's of millions of dollars are coming our way. Also remember I have a a very conservative way of looking at future potential, so this is not me being negative, just realistic in my mind. I'll leave it to others with their sp predictions. Incidentally I have nothing against positive sp hopes, as long as posters come up with their reasons. Just saying 'this will be 20p by Christmas' with nothing to bak this up just leads me to ignore them.
We know we have two different goals - I am hoping AH will arrange a buyer sometime next year and I think you're looking more long term. Good luck with that as i goes if we're still here in 3-5 years time, then you could reap a very healthy reward.
I tend to not do share price predictions as there are so many variables here but I do think we've pulled back enough now. If the off taker is Glencore then surely the market will like this?
Anyway, in the true spirit of aim, this will probably start to move back up as expected news becomes more imminent!!
It appears the 1 trade at 11.01am sparked interest for a few ??
thanks for posting the AH interview link guitarman,
Very good to heard we're on track with the TEO...
It really seems the future is looking very promising indeed for AMC...
Looking for anything under 2p to go in large and then hope to see a good rise 5p + by end of year
etank, I just hope for your emotional state that you are not expecting too much from this `sheer potential` . Yes IMO it is undervalued at current MCAP but I also doubt we will see a much higher MCAP until a `deal` is made. Cash is king at the moment and potential here is many years away. However a `sell` (don`t shoot the messenger as all IMO) would move the MCAP. The NRR deal if all goes to plan will generate lots of cash but still the market says no. So what else will move the SP, potential is not working as we can see, even a funded BFS from an offtake maybe will give a breif spike but the market IMO does not like long periods of time. For me I still am going for my 5-20p estimate Q1 and the sale of Kun Manie. Again IMO it will be a lot cheaper than the `100`s of millions` that are touted on here and I also think it will `anger` LTH`s who are expecting more. Norilsk will take it but for me no high expectaions no disappointments although if I dont make my 5p in Q1 then I will have to rethink my future planning with shares!
Still whatever price it goes for will give the company many opportunities to develop its portfolio.
Good luck all including the board police, this is just my lane of thought and no one should even think of investing for what is said on a chat board, they deserve to lose money IMO. This board will go crazy next month for TEO build up so all I hope for is an increase in the SP, I will swicth off when it does go mad as it does not help anyones mental state when the pressure builds!
As they say, When the fun stops !
Hi westie50,
Thank you for your post - and likewise.
What I do not get, notwithstanding our differences in approach, is the fact that this share is at the level it's at - clearly there are not enough people out ther who have grasped the sheer potential of this.
How is this possible?
I have put as much of my funds in this as I can afford to - and I am not concerned about the outcome, as this has only one way to go - sooner or later.
etank
Thank you westie50 - and likewise.
etank
Thanks everyone. Some exciting developments potentially ahead to send a rocket up the valuation then.
Updated reserve figures
My thoughts exactly WYTT.
I cannot recall which Adam Habib interview (there aren't loads out there) but the second to last I believe where he said there is a lot of news to come out in the next few months - I believe that interview took place in September and he was referring to a band of time from then until around Jan/Q1 2021. Lots to come. This is the time, if you believe this is a worthwhile investment, to collect some more shares and sit on your hands.
Best of luck all
CBS
Sounds like a bunch of effort when some kind fellow investor could just summarise for me in 2 sentences.
Thanks.
Allthatglitters, DYOR, you are just being lazy. If you want to invest, read back through the rns'.
3p+ would be jolly nice.
What do we think the market is awaiting to again value the company at a more reasonable figure?
Cheers
I should have added Etank - no offence taken and good luck with your investment
Well done Etank. I admire you for your post. Very few on here would make that sort of post.
I'm no spring chicken (turned 60 this year), so if i'm going to make money I want to enjoy it hence my short/medium term hopes of a buyout. Maybe you're younger and have more time to wait for a bigger reward? Well I totally respect that as well. Hopefully we both agree AH is a positive for the company and I'm positive for the future.