London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I agree TD2 but I do find the current radio silence from RY surprising. Despite some saying it's not unusual I feel it is and am hoping it's because he can't as I've waited long enough and with EUA going nowhere fast and Sound Energy a disaster I could do with a change of fortune!
Right, whatever is posted on advfn from the Chinese guy may or may not be truth, no idea. But what about official Russian Government Institution ( Far East Fund )? It’s official information?
PROJECT «KUN-MANYE MINING AND PROC...»
FULL NAME
Kun-Manye mining and processing plant
* INVESTMENT REQUIRED? - 0rub.
* INVESTMENTS SUM - ?66bn rub.
PROJECT STATE
Survey and assessment activities completed, the feasibility study of temporary conditions approved, mineral reserves booked, technological studies of ores and concentrates conducted, pre-feasibility study, in-house Opex, Capex, Cash Flows, TSF FEED, Open pit preliminary design prepared
Sorry, meant to say alright not right:) TDT, how much money is needed, yes this is exactly what I understood too, but they are stating that 0 money is needed... I have seen the same Far East Fund website many times and always they’ve stating that 66bn is required but now 0...I am not an expert in NDA things but struggling to understand any other reason for Amur Minerals to continue to keep silent...SP is where it is because of the point in a accounts with regards to “ongoing concern”. I am sure that’s the reason and we will find out very soon if that point is still a concern or no longer a concern. Can NDA stop accountants to comment about future funding? Thanks
Hi AT
Do you have the link for the website you have taken that from.
Thanks
S4
Hi S4,
https://investmap.erdc.ru/app
Search for Amur Minerals Project Kun Magnier if any problems just let me know.
Thanks AT and TDT. Much appreciated.
ATB
S4
TDT, on the map you’ve provided minvr.ru it is showing still only 6b rub required and must be not updated yet. On Far East Investment map it is showing 0 rub required,full link below:
https://investmap.erdc.ru/app/project/12614
I wonder why we are only at 2.5 p when we have got the 6bn rubles of Rubles we required.
TDT,best line of the year “for the hard of thinking”
31 degrees here first cold beer of the evening.
ATB lth
MD
6b required from 66b not that we have only 6bn, simple maths 66-60=6bn lol
And updated version showing 0 required and 66bn invested
I think we've been here before!
As much as I want funding sorted, I'll only believe it when we get an RNS to that effect.
We've had all this speculation from FED sites before - translation from Russian is part of the problem; context another; wishful thinking perhaps the biggest. There is no news until we get it.
Still optimistic and still patient
Yes we’ve been here before thanks to Frak, he managed to get info before it was officially announced ( License) Of curse its up to everyone individually to believe it or not but I really doubt that translation can be wrong by stating one sentence - 0 funding required...
From Leechang other side:
‘The EIA program assisted the project by introducing a $300 million strategic investor with $800 million in debt financing’
Assuming only 50% of the 800,000,000 is equity that is 15.594 Bn shares at current prices - still excited?
One assumes the board will have a better deal on the table longer term. But await RNS accordingly. V
Very excited because the debt financing will be a Government loan and will only need to start repaying once in production. Not my words - RY and RL
Of curse+6bn=Typo
MD
TDT
FRAK found the news a good number of days before company release...not hours.
Granted this is still fairly "close" compared to this "news" now being muted by AT
Frak put a post on ii board early on 19May.RY was in London and got a call telling him of the issue of licence on the Official web site,he hastily got a RNS released,but not before I bought some.
MD
It was amusing because market didn’t believe frak’s post or pick up on the announcement
either.
MD
History likes to repeat itself...
I feel we would have firstly seen a rising share price if this information were accurate and secondly an RNS would have been issued by now. I remember last year were we went through a prolonged period of no news and speculation was rife that we were in an NDA only for it to come to nothing. I have been invested here for 10 years and would love it to be true but beside the meteoric rise to 44p and a second rise to 16p this share hasnt really done much.
TDT, I don´t wish to blab on about it, but
it was definitely at least 3 days before the RNS....Its just no-one believed it as it was in Russian and tabulated in an "excel" type table which was difficult to use a std translator. There was even doubt from many folk at the time ref to Kun Magnier (in russian) been our KM,,,,I am lucky enough to know what was what then and took advantage and remember it well. I am not convinced RY is privy to all news first or indeed willing to share the news as soon as its in his hands.
To correct my post from yesterday the date of issue for mine licence was 22May2015 late in the morning at 10.02 after frak99’s post earlier that day
MD
Pretty sure it was only a few hours before official RNS. Still no update on key shareholders for last month either.
Frak’s post and RNS on the same day I disagree with PP
That is my position.end of confusion
MD
I remember the morning and it was definitely on the day. When the market opened without an announcement people didn't know whether it was true or not.
I really don't understand the position of people here or who want the company to do well so badly that they are prepared to lie and push half-truths and old news stories. The company won't perform well simply because of your *will.*
Either AMC have somehow found full funding and then kept it quiet from the (AIM!!!) market, or they haven't. Whichever you believe, you can't make up your own facts to support your position.
OK..IM GOING TO LEAVE IT AT THIS,
fRAK POINTED FOLK INTO THE DIRECTION OF A RUSSIAN WEBSITE ON THE TUESDAY OR WEDNESDAY...THIS IN RUSSIAN CONFIRMED THE LICENCE.
3 DAYS AFTER IT WAS ALL OVER THE PLACE AND AT 10AM THE RNS APPEARED
I KNOW...I LOADED UP ON THE RUSSIAN WEB NEWS
(JUST LOOKED UP ...CAPSLOK)