We would love to hear your thoughts about our site and services, please take our survey here.
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.
having already turned down a deal that was worth 3 x this the most vocal on the bbs talk like maga conspiracy theorists. they've no interest, having spent several years in this, to take a £30mill deal, just like they wouldn't take £100mill before but now feel aggrieved this deal now isn't that one!
daresay when russia finally just confiscate it they'll talk about how that £30mill deal should have been taken!
and i'd be getting on with it b4 recession drains the liquitity out of most AIM shares....be the PHOENIX....and not the opposite...can't think of one ...lol....but you know what I mean....goodnite all!
Hi Manuel, good to hear from you and hope you're well...
Yep, you win some, you lose some - fortunately for me, Serica has produced more than the £55k odd I'll lose here with, hopefully, a fair bit more to come from them - hope you've still got yours... ATB - sasa.
husata ...unless i'm mistaken...i work out that you will made 60% profit on accepting this offer....or zero and 100% loss risk?
'blocking the deal was in respect of the despatch of the $ proceeds outside Russia after the 90 day delay, post agreement to it, not the sale itself - sasa.
Oh well at least sqz did us a bit of good Sasa.Some CEO’s do a good job don’t they.
MD
computer posted this b4 I was finished ...but in retrospect nothing much more to add...really ...we just got to clean the plate/take the deal/ make money...and move on ....average down to take advantage or recover some underwater flotation to limit losses...whatever.....I've had some total losses with no opportunity to do anything about it.....here you have been given a lifeline.....but you have to buy and outlay morre cash....some will not....I understand that...but I hope you do! GLA
Personally I wish we had gone with the $105m deal...and when we didn't I sold up....and rebought same stock today..... bit higher price...on gamble numero2....may win...may lose...that's the way it goes....but if the deal goes through....I double my money....and so does anyone buying in now
after all these years of funding, hoping and waiting.
We're in the 'last chance saloon' now, folks, make no mistake and they're only two realistic choices available to us:-
1. Accept the 1.8p divd now in respect of the sale of the Irosta sub which holds the mining licence and run on with its parent, Amur Minerals, with some $10m cash in the bank currently, hoping they can find an alternative scheme outside Russia to invest in subsequently or, if you think the deal is 'Yes' to proceed but might not get approval from the RF even now, then:-
2. Sell your AMC shs forthwith for some 1.25p in removing that risk and have done with it.
That's my take on this denouement, fwiw - sasa.
if the first offer was terrible due to dodgy payment timetable then there IS the only offer. i know many will aggressively state they'd rather lose it all than agree to such derisory terms but if this offer isn't taken the next move is just as likely to be its confiscation, if the war goes on, with all the reciprocating threats and actions.
at least there's a second life here, providing it goes to plan.
sorry for the hard conclusion to this but at least the next project will probably be in a safer, non-toxic territory. and, whatever opportunities are out there, the state of the world economy means that, if something IS bought, it's going to be for pennies in the pound.
First offer was terrible due to payment timetable, this offer terrible due to amount 1/3 of previous. IMO quite insulting. Also found the RNS almost threatening/bullying. Not impressed at all!!
GLA
DK
I’d rather they gave shareholders remaining money for them to buy something…
Wasted years; they’d pretty much given up anyway even to sell it at 100m, now 1/3 of that; how much was spent developing it? Basically the business model is to sell £10 for £2. I’d sell it to the Russians and once I’d got the money have an accidental fire that destroyed all the company data
IMHO there is 3 options
1) Take the offer, 1.8p per share divi and keep the shares hoping amc pull a rabbit out of the hat in terms of new acquisition
2) Refuse the offer and wait till the war ends and hope all sanctions have been taken off everyone and offer company to someone else.
3) russia steal the assets and we get nothing
these are the only 3 options, no further offers will come, with option 2 amc will continue to burn cash, will anyone want to pump further cash into amc? more dilution.
Shell, BP, Haliburton the big boys are losing big on their investments they are pulling out.
Only one option for me, take the deal.
its pass round the revolver time....wait hoping time will heal and it will do at some point, but will that be in 1 year or 10 years before east west relations improve and some sanctions lifted mean russian invbestments are not like the black death to the rich mining companies out there,.
just now we shareholders are really in the middle of a storm and our ship has dropped anchor, do we jump on to the life boat and take the hit, hoping RY has the appetite to find another project in his late 60's ..all i see is BS....maybe he is not done and will find something and sharse will rise about a few pence in a couple of years when the new " dream project"we all are imagining in our despeate hearts, moves forward with out investment. i am so bitter i just do not know how to feel, lost 50% on POG and missed out on £130k profit and now this, no doubt will miss out on £200K profit if the sale goes through, if it does, then i just hope the new investment amur makes works out and get the share price paid back or hopefully increased which is for me 1.447p ...i am just so sick that i just cant even consider the offer...it is russian roulette, walk away from a dream investmemt with my deposit back only to try again after years of waiting for these kind of profits....or turn it down and face the unknown consequences...gutted..but recover to try again inother investment or maybe pile back in on the next one amur gets if they do and bag afew hundred percent on that..i am an optimist and will embrace another start if i have to make it, its just 1.8p is miserable and if they do not buy another project, 2.5p total maybe..just so so dissapointing for me...if had the £50k dividend here and another great buy was sat there waiting for me to pile in and double my cash, i would still feel bad about it....i just am unable to say yes or no with any passion at the moment...see how i feel next week..
I agree, the Russians are controlling the game. I know another offer will not be forthcoming, but that’s not to hope.
As I said I will accept this offer.
take the 1.8p divi and then remaining cash the company can buy a nice lithium asset or a gold asset somewhere else.
you will still keep your shares and received 1.8p divi per share.
Rover62
read the rns no other interested parties involved, no other offers made. No more offers will be made, remember we have sanctioned alot of oligarch and we cant take payment from them nor sell to them.
this is last salon...
Having considered the position we are in, I have come to the reluctant conclusion that I will accept the offer. (I hope a counter offer will be made.)
The reason is that we have been shafted well and truly and now just want out with some of my stake in tacked.
I did vote no on the last offer hoping for better up front terms. However the situation has got worse and now believe the Russians now control this game. So this is it.
It’s a sad day all round.
Worth Averaging down to come up from underwater......
"If you think about it ....the current MC of AMC is £18m.......this deal will give us £28.8m and we already have £6/7m? so......,.,.if I was able to buy all the shares up with my £18m...and accept the offer.....I would be more or less guaranteed to double my money!
Obviously I haven't got £18m...and a lot of holders would not sell....but the "takeaway" here is......I should buy as much as I can.....and will double my investment in short order.....provided the deal goes through.
The more people that do this...the fairer chance my strategy will work! GLA"
And yes brookieboy69...the sp may rise...but maybe others will sell...to keep the book balanced...and RF has not got the power of VETO....the vote will be made by all shareholders!
"Should shareholders reject the sale of Kun-Manie, there are virtually no alternatives available to our advancing development of the project. This includes a sale to non-Russian entities or to the ever increasing list of Russian sanctioned mining companies, funding institutions and banks. The majority of international resource associated entities within Russia have or are also withdrawing from Russian activities and operations."
Perhaps those that vote no.....will leave their funds in AMC....NEWCO....More for those that vote Yes...lol...kidding!
I had greater hopes than $35 million. Not a lot, is it?
Do any of you read the figures - the book value of the asset is $24M - that's all its worth. To get the values you are talking about will take years and cost billions
The offer is 50% above the book value AND in the current climate I think it's exceptional.
of losing all IMHO so only bought a small amount. I've read a few posts on here and can't believe some are saying vote against this deal! Are you for real? It's likely you will get NOTHING IMHO if you vote against this deal. In fact even if you vote for it the situation could change and the deal may not happen, and so you may lose all your investment anyway.
Open your eyes and read the RNS!
All IMHO.