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JoeBass
I have castigated you in the past for blatantly using multi-monikers to get your point across not because of what your opinion is. You ONLY NEED to say it once.
JoeBass Hi. Off topic re another share I believe you still support, GGP. I hope you don't mind me me intruding here over from the GGP board and only this one message from me. No malice on my part at all, as I am firmly of the belief you are still a supporter and have some faith in the stock still, but you left the board due the on- board sniping that goes on at weekends mainly! Just a question from myself, who also still believes in the company; do you still believe Scally is a winner? I ask because despite the downturn in fortunes ever since the first set of results...I believe it's still a winner! Would welcome your thoughts.
ATB
Hi Sasa,your phrase “positive on the potential” of Amc is spot on,it sums up how we all were,it also gives the reason for so many LTH’s fever pitch frustration at the terrible treatment they are getting with regard to lack of achievement by the board and their zero communication.
Adam Habib’s aspirational thoughts are a thing of the past and it’s just back to the same old silence.As I have said before when KM does happen it will be inspite of this bod not because of their skills
MD
Hi sasa, thanks for your reply, you say,
"I've clearly been quite wrong in mis - reading the management's ability to 'bring home the bacon'"
I think a lot of LTH (if they're honest with themselves) share your above view as of today, yet not many have the backbone to admit it, particularly those who have castigated me in the past for criticising Young's ability to bring home the bacon.
Fair play to S44DYK, as we have crossed swords in the past, he has now seen Young in a different light.
The asset is too big to ignore, but the man in charge is woefully out of his depth.
Hi Joe, hope you are well, too...
As you and many of the LTHs on here know, I've been positive on the potential for AMC for a very long time but, so far, I've clearly been quite wrong in mis - reading the management's ability to 'bring home the bacon' here with their poor SH relations just exacerbating matters.
All holders, especially the LTHs, are understandably very disillusioned by the woeful performance to date, as I am, too - one can only hope, therefore, that something positive will yet emerge to change the collective mindset... sasa.
Perhaps, on balance I prefer Principle 1. This was updated on the same day in February this year, and note, no mention of short term value. Buckle up and bring along a few packed lunches, if we didn't already know, we have a good while longer to travel.
Principle 1: Establish a strategy and business model which promote long-term value for shareholders
The Board has concluded that the highest medium and long-term value can be delivered to shareholders through the continued development of the Kun-Maine sulphide nickel deposit located in the far east of Russia. The Company will continue develop the project to increase its value whilst simultaneously looking for suitable strategic partners who can assist in bringing the project to production.
I hope you're well sasa and yes we've been around a VLT, too long.
I've probably read every post from you over the past decade and this is the first time, sadly, we must agree to disagree.
This situation is not good for any of us, many of us have been here several years, sucking in the lies and being misled. Up to the back end of 2017, I had supported RY and gave him the benefit of the doubt. But a time comes when you feel someone is giving you flim flam.
Since 2017 it's actually got worse, there is a post earlier that kind of gives you the gist, from 2015,
"This funding and securing it now means they have 90% of the DFS funding requirements already secured and they do not need to spend time or resources on securing more finance - the balance they expect will come from the Far East Development Fund."
And roll on end of Q1 2021, where are we now? , we don't know, thats the problem and we're being diluted into submission.
He had the opportunity in the last RNS to give us some hope that we're still on track to deliver the TEO in Q1, but no, nothing, that tells me, here we go again, end of year, another year we don't get back.
We have no line of communication with Young, he refuses to reply to any shareholder, constantly says he will update and never does. Leaves us all guessing and speculating, thats a bit rude/disrespectful to say the least. A shocking and disdainful attitude.
This is the only means we have to show him our discontent with his appalling lack of communication and clarity with ongoing affairs, that's if he still reads this board, which I very much doubt.
So I will not stop bemoaning and criticising him, as is my right, untill he shows some respect to us and delivers, one way or the other.
This ill will towards him is self inflicted and easily avoided, this is not his private company and he has a duty to keep us fully informed, good or bad.
Not one shareholder here wants this to come good more than I do.
I will not do as he does and stay silent.
I finish with AMC corporate governance code, updated Feb 2021.
"Principle 2: Seek to understand and meet shareholder needs and expectations
The Company remains committed to listening and communicating openly with its shareholders to ensure that its strategy, business model and performance are clearly understood and communicated. Understanding what analysts and investors think about us, and in turn, helping these audiences understand our business, is a key part of driving our business forward and we actively seek dialogue with the market. We do so via investor roadshows, attending investor conferences, maintaining regular updates on the Company's FAQ page and our regular reporting.
Amur is committed to providing full and transparent disclosure of its activities"
The above cringeworthy code makes a complete mockery of RY.
Link, for those that have not seen it.
https://amurminerals.com/corporate-governance-code/