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I thought that £35,000,000 came to £28,985,507 @ $1.2075 = 2.08p plus 0.30 of cash (£4.14 Million) total 2.38 pence.
There is value to be had here. I came to a similar figure. 2.38p
Good Morning all.....This is how I saw it on Saturday....and reposting today to the wider audience....FYI..
"Each to their own but with the £29m and perhaps £4m already in the bank.....£33m in cash gives us a NAV of £33m...which is equivalent to 2.37p per share....which is 190% of where we are today
If we pay out the £25m ....(1.8p per share)......we will be left with a NAV of £8m or therabouts.....which is worth nearly 0.6p per share.......A new project with a plan could easily put our market cap back to £15m or more!....which is another 1p + per share on top of the 1.8p per share
...which is more than the .68p we were in July etc. and we'll have had the 1.8p.....in our pockets besides (in itself is 44% uplift from now)
so it looks like we can easily double+ our money from new purchases of AMC today or close the gap by averaging down!
There is no sensible alternative than to accept the deal....we can only look at where we are today...and forgive past mistakes/intentions/guidance.....this acceptance will make us money from where we are now.......DOUBLE+...what you have NOW!"
There is 30% risk of a no vote....as 70% + will not vote or abstain.......a lot of previous no voters....are now wishing to perserve some capital...and will vote yes....and a lot of new "value seekers" have entered the scene or "re-entered" like me for instance.....and we will obviously vote yes. Most voters are sensible and understand that there is no alternative!
The "hard line" no voters.....who remain principled/ emotive (entitled to do so obviously), regardless, will be few!
Our only risk is Vladislav Sviblov not proceeding or Russia's administration not sanctioning the transaction.....and there is a near zero possiblility on this.....I have "dealt with" Vladislav Sviblov before on disposal of another share deal (TSG.LSE)...and he is an honourable gentleman.....who get's what he wants from Russia's Administration...!
This could work out to be an "exciting" New start for us all...! and profitable for us all...from where we are today.....There is no alternative to raise our SP other than this deal!
GLA
yes, you getting 1.8 but the company gets the remainder of the £35,000,000. £35,000,000 is 1.2075 pence so the company keeps a bit then add cash of £4.1 Million and it comes to 2.38 pence. So there is more than 1 penny in here.
Its a screaming buy.. and who knows a new bidder could appear. Then the sky is the limit. More upside than downside. Good for short term buyers who then vote to sell. Obviously.
Yes that's what i mean. buying around the 1.2/1.35 mark to vote in favor for 1.8
big buys now
2.38 of value for 1.30 pence.
The Russian Government will not block this as it is a good deal for Russians. They are getting a good asset on the cheap and will sign it through.
Strong buy
Gazzleberry
Kinross sold its assets last month with massive discount. The russian govt has agreed to disposal, it was svidlov who bought that too.
you are buying @2.38 pence of value 1.30p now.
No brainer. Good for new buyers but not the best for the LTH sadly. For every loser their is a gainer.
£35 Million equals 2.08 pence.
company gets the remainders from the 1.8 paid to investors. 0.28 plus the cash it has. Total value 2.38 pence. Best chance to make money on AIM. Earlier this was a 100% increase over the share price.. Buy to exploit the difference
I want the special divi which will give me 1.8p a share return. I will likely forget about the shares hold for at least 12 months who knows it maybe worth 1.3p again. :)
some mad thinki8ng about waiting for sanctions to end... there's close of half a million people been killed in this travesty of a war. russia has state monopoly on news so the country is behind the war... sorry, anti nazi special ops rhetoric. they're still selling oil and gas so they see no downside to splitting the world into democracies and dictatorships and mono-political states. the very idea of the sanctions ending is farcical. if this gets voted down the likelihood is that the company just fails, under the current situation. there is no waiting around, except for situations like FRR where holders still hope, 2 years on, that the mining assets there will somehow be reclaimed after a default claim.
take you money, have faith in better geo-political location next time and let the sp ride from there. you might see all your money back from a distressed buy (what, you think AMC is the only distressed potential seller out there?)
buy for 1.35 now and get 1.8pence and have a company worth 0.30. Total value 2.38.
So how does one turn 1.35 to 2.38? Buy now
I am with Halifax
I also waitin for reply.
Sad to say this but its was a very hesitant YES from me.... Take the bite and move on!
Nick
It was only 15m after sale and then another 10m after 12months. That wasnt worth as no reasonable divi would hav been given.
Couldn’t agree more. I will vote yes I’m afraid. Better than nothing at all.
I agree maestro, we would have got 25m and never seen the rest of the money. The BOD would not have given us a didvi and would have kept the money for another venture. Given the past performance here over the 12 or so years I been invested, i did not relish that prospect.
RR.
Exactly. Lucky to get out of Russia in these circumstances. Who knows someone else could come forward by then and if not lets grab the 1.8 pence on offer. Present price, 1.3 so it is 0.5 higher than todays price. Reject it and we could only have a cash shell worth 0.58 so that is worth 200% more. We are not going to do better than that. TAKE THE CASH.
I’m voting no as I believe it’s best to wait it out, this war and current sanction situation will not go on forever
I was a No last time.
It was going to take 15 years to get that money and most of it later rather than sooner. This lot arrives in about 90 days and still leaves a bit left over. Inflation would have knocked a lot of the value off, if you had ever got the rest of the money.
nm
Nick
What were you last time?
Interested to know who hav changed their mind after the last vote?