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Funny ain't it - the way my thoughts keeps coming back to how much more receptive shareholders would be to a low offer if there's no cash left in the bank?
Hi GB33,
I know we've touched on this issue a couple of times, but I do feel that £75 mill would do it right now, maybe a bit less. It's still a good return for our new director.
Hi JoeBass,
I probably argue for a little bit more based on 10-12% of an uprated NPV that includes the 2018 data. Perhaps more in the $100-150mn range, given it's an asset sale, not a company valuation. But £75mn could do it!
£75 million ? .... gotta be kidding ? ... that's giving it away.
OTL
"that's giving it away."................ correct.
But, no cash in the bank and an offer on the table of 10p per share, what would you do ?
Remember that's more than 5 x current mcap.
I think we’ve all been more than patient with the company. RY needs to translate right place right time to a decent funding deal and a decent share price. I’ve always been one for under promising and over delivering, it’s a shame the company can’t say the same. Good luck all
I take the 10p (higher than my break even) and reinvest in HZM with it’s institutional and large miner shareholders and it’s £30 million in the bank to get things going.
Come on RY-offer me 10p per share plus for my shares if you have any confidence in Amur
Hi TDT, I was more alluding to the over promising RY has done for instance release of the PFS by the end of 2017, Crede as a long term investor, return of shareholder value, PFS as a living document.
I totally understand we are beholden to the market conditions to hit the sweet spot, just feel we are lacking the business element of delivering and am afraid we won’t be able to take advantage of the market conditions.as ever hoping I’m wrong
I feel like I only ever post negative comments.
But as I've been here 9 years or so maybe I have that right
I've mentioned in the past that we could be the victim of a cashflow squeeze where interested parties wait till the money runs out
We still appear have nothing concrete from anyone re a JV, takeover or pretty much any involvement at all
So - should we be looking at mothballing until a more attractive time? It isn't a great option, but everything feels a bit hand to mouth just now, and it has done for some time
We have no income, and the availability of debt or equity funding (even on the terms we've signed up for so far) will cease at some point
The find is huge, but how long do we tell the story about the smelter in the Steppes?
Hi Echosounder,
I would say now is very much a do or die moment in AMC's history. These last interims were the first time (at least as far as I've looked back) where Trade & other payables ($969k) were higher than Cash & cash equivalents ($688k). Even throwing in TB's $200k doesn't balance it.
You have to be pretty confident about your creditors and have good working relationships with them in this circumstance.
The directors would have clearly known the cash situation was deteriorating. They could be pretty confident (IMO) that Riverfort would be there if needed, as Riverfort can't run the risk of AMC failing while they still have a large loan outstanding. Much as they put up the $500k in March when they were still owed $1.2mn.
Yet they haven't taken anything so far - so there's a plan.
I can only speculate about what it is and how it will work out for shareholders. But I believe there'll have to be something in it for us to get voted through.
I don't believe AMC will be allowed to go bust and its assets get distributed in a fire sale.
Here's hoping ……….