Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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As a very long termer having bought my first 1m shares at 6p and even invested another £125k into this at 23p in the heady rise to the 40p days and did not sell thinking it would go much higher (greed and foolishness on my part) . Got my Average down to 4p over the years and even sold 150k at 11p a while back. Like many here would say If Only and would have - could have - should have !! Not any More the shares I have are Voting Yes for this Deal .As much, as I like most on here want and deserve a Better Outcome the one thing We are not alone in Encountering is the Unpredictability of Mr Putin and the Russian State. So very regrettably Its a YES from Me .I wish us all luck in getting this Passed Both at our EGM and the Russian Authorities !!!!!
I wrote this out of my portfolio many months ago and said I’d wait till the end. For me this is the end. I can make money elsewhere from the payout rather than wait and wait…….zzzzzzz
I will have lost money but will at least get something. To me it’s a no brainier. I’ll accept very reluctantly.
My average is 12p
There will be a huge capital loss if no other offer received.
PLEASE could one of you accountants categorically say if the special dividend can be treated as a capital gain/loss
woe.. a multi billion nickle and extras assett proven for someone for the price of a couple of houses in London
Otherwise there will be a huge capital loss... ANDA TAX CHARGE ON THE DIVIDEND received ! That doesn't seem right
If Mr Young and board get involved in another discovery would they be receiving similar salaries and benefits?
I will take this deal. I lose 40% of my investment but it’s better than nothing or the “directors club” deal.
Plus still keeping shares, perhaps another 1.8p in 20 years, who knows!
im trying to focus on the offer price, not the huff and pressure, 2p a share total sucks, suck so bad id rather go on a mass shooting then accept it. 2p my back side, you must be mad....we keep being told end up with nothing, we all do anyway on the last day, so why live in shame..id rather loose with dignity, then live in shame...
no way 2p a share rather go their myself and put a complaint in.
at least twice that offer for me to maybe abstain and maybe kick a few stones on the road, but i will vote no, to the latest nonsense and that is final for me..
well, i for one will not help that oligarch make a 100 million over night with my vote...just cant accept it. 35mil is rubbish no one can tell me what i know is true is not....that's it...that will not be the final offer for that project i am sure, once he goes another will get the nod from him and offer a higher price...he is going to flip it within a few months for over 100mil...he does gold and he does not develop discoveries.
Well you will end up with nothing. I think this time it will pass.
you intend to accept your offer, for your shares...im not...i will not accept that offer.....rather take that flight to Mexico.
Such is life, no one expected war, no one expection inflation and cost of living crisis. Current climate im glad we get something back.
Im takin divi and leavin shares in for a year at least.
so, 1.8p dividend and amur buys new project and injects cash in to it, mkap rises over a 12m month period, and share price recovers to over a penny and maybe goes up to a few pence...hopefully 9mil investment from amur is worth 30 mil in a couple of years, but 10 mil is worth 0.9p a share so hopefully 3p plus in a couple of years, could be worse...most mining projects fail though. Amur was a discovery and a very rare one, so i just cant be positive at all about what's on offer.
No doubt if there was no war and no western sanctions on russia and its banks, the asset is worth 100m plus.
Thats not going to happen, europe wants to end relationship with russia, this deal gives us something.
I still believe if they find a nice greenfield asset and they explore can add further value than current 1.8p special divi.
could be worse then
that clarifies the figures thankyou
$35m is £29m.
1.8p per share divi is £25m
They had £5m 6 months ago in bank. £4m remaining from dizposal. £9m total is around $11m, couple of million cashburn so they will hav around $9m.. not bad..
where is the 10mil you say amur will have after the 1.8p is paid out? thanks
there market cap is just over 11m, has been over 20mil this year.
that seems a positive way forward, but tell as if you were writing to someone who hates maths, where the $10m figure is arrived at.
Will hav around $10m, they can buy an asset for couple of million and explore it.
Look at mila in australia, gold exploration. Mila has purchased and are exploring for under 10m what is there mkt cap?
buy another venture with what money? all the huff about new investments and dividends. Load of BS...after the 1.8p payout, what money does amur have to buy another mining project, can you answer that?
Husato
Shareholders reject this then sp goes to 0.6p and you wont even get 1.8p a share ever.
There will be alot of cheap assets around especially with the way the world economies are and im convinced amc can buy one.
1.8p a share divi and remaining in a good asset.
2.08p per share it is. 1.39billion shares total. some posts on here say amur will add the cash in account to the pay out..pfff more like take some off it...might get 2p per share cash, unless I'm wrong, tell me if i am.....what money is amur planning to use to reinvest? cash call to shareholders? or some money hidden away somewhere? what are the accurate figures? the deal is so vague....what money is amur using to but another project by reverse takeover?
if only we knew what amur will buy with the cash, we are being asked to vote on the unknown, not in the way Brexit was offered, much worse, no idea what happens if we vote yes or no, only thing offered is the 1.8p dividend..what is the £29m sterling worth 2p a share? if no other asset is purchased and a success of course which is what would be the factor that drives the share up to a few pence in a couple of years. se best case is 1.8p dividend this year, amur aquires a new project, the cash investment from amur improves the value of the project and the share price recovers from 0.3p which it will fall to after payout of the dividend, to lets say 3p if all goes well and the new project become worth £20m to £30m so a very optimistic but possible return of 1.8p dividend plus 0.3 or 0.4p closure or see what happens with the new purchase if amur get one, if i knew that they will for sure it would sweeten the poison slightly...its a bad deal. That's not in doubt, but if i lose everything i have invested in this, its save £5k fly to Mexico have a party and pay a local thug $2k to shoot me in the back of the head, I pay him i mean not someone else. And I'm not emotional about that decision, it just a lucid assessment of my own future in the wake of this disaster....this f'n world I'm not kidding..