Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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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.
Patiencepoor
to a western company it was worth 100m but no western company is willing to buy or trade in russia.
FOR god sake look at POG how that has collapsed, look at evr holders i bet most will take their money back even though that company makes significant cash.
Vote yes and get something for the weekend as the barber used to say.
At least for me it will draw a line under this shambles.
From the sale of “YOUROASTEDUS HOLDINGS” or whatever Cypriot bs company it is.
We will get a pittance and Robin can carry on his life of luxury.
At least with the start of a new era of Amur Minerals all expectations can be written off from day one
MD
Then you may well get nothing?
im actually pulling my hair out with some of these stupid posts, the war will not end anytime soon, more sanctions will be put on by both nato and russia. No western companies will touch a russian asset for a very long time, russia govt decides who can transfer assets to other companies. Now AMC are selling to an russian oligarch so im confident they would agree to this.
Look how a Russian company with strong assets POG has collapsed, some of you are not being realists, you reject this, AMC holders get nowt.
Buy some shares now and make some money back for all who are at massive loss, if this deal is rejected AMC holders will get nothing. GET THIS IN YOU HEAD.
Too much damage has been done with west and russia,
russia are making it very difficult for western companies to leave with new regulation everyday.
It’s worth $100m now - this is another terrible attempt to bounce by RY and co. to bounce shareholders into accepting a bad deal. They have to defend our interests, not try to bail out because they’re tired. $100m upfront fir sale would get my vote. $35m for a $35 billion asset is a joke.
Geng,
I think this has become more personal now
You have someone here who can pay a lot more if they wanted to but no they want it for nothing and at the same time using these scaremongering tactics..
This is just wrong !!!
Markettimer, It's the other way the west don't understand how deals are done in Russia, especially the current climate!
My view is this is a take it or leave it offer - the clue as it was with the last deal - is RY only ever refers to the WAR as Russia's SMO. He's treading on very thin ice and his wording is obviously being very measured, the whole lot could be taken for nothing. Rejecting this deal will be the same as throwing your money away. Strangely some here would cut their nose off to spite their face - madness!
But as you constantly buy the SP will go up. And you have the risk that the RF may decide not to permit the payment, and Robin may increase his bonus to £10m for achieving so much for the shareholders.
So good luck with that strategy :-)
Going to be a good week next week. I expect competing bids, no matter what they say. At worse a sweetened bid to get it over the edge.
Good luck all long termers.
Do you all not find it strange that this offer is put forward in August ….exactly when the head of the Ukraine secret service stipulated the war would end in August …be a great laugh accept peanuts and the war ends…lots going on behind closed doors
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
But i say yes to offer because i preffer to recover 60% of my money than loosing all at 2,75p AVG. Sad times
Those who think the offer is too low aren't selling so makes no sense why the share price isn't at least 1.6p+.
Hold for gold next week.
If sell Jupiter for 5 million dollars
If someone interested
Geng,
My view on any AIM share is that it is not an investment for long term "stable" growth. There are other investment vehicles more suited for that. Any investment i have in any AIM company, is, rightly or wrongly for the purpose of a potential larger return on my investment. More risk = more reward, so in that sense, yes this particular investment is more a "gamble" than the those i have in funds etc...
I never stated I'd rather lose everything than take some cash as that is not the option in front of us. I said im comfortable rejecting the deal with a view that a bigger return could be further down the line and i'm comfortable with the consequences if that view proves wrong.
duh
Yes or No we shall find out soon or later
Im sure its going to be a yes from those looking to make a quick buck
But those who's holding the bulk of yhe shares will have the final say
Yes.
No
i think it depends on each shareholders own circumstances and what price they brought in at. Anyone who brought in last week will be looking at over a 100% gain, then there's others who are sitting on 90% plus paper loses and for some of them 'The captain might aswell go down with the ship' then get a measly payout.
That attitude (assuming a loss) is exactly why most investors (or should I say gamblers) lose money on AIM.
So you would rather lose it all than get out with a bit of cash - think about what you are saying????
Part of me completely agrees with the sentiment here about asset in Russia, we wont get a better deal etc...
Another part of me is thinking, im on a chunky loss here at 1.8p and it is a bargain price for the potential of the asset. Nobody knows what the world will look like in 6-12 months, rejecting the offer and sitting tight for a while could payout. I know that could result in a total loss of my investment but I (and I assume everyone who invests in AIM), have only invested what i can afford to lose. There is more potential upside than downside by rolling the dice. If I had to vote today, I'd reject the deal. Just my opinion on my own situation!!