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Averaged down to 1.88p. near enough for me as thought I was going to loose everything. Got to be a yes vote for me.
Yesterday, lizz truss said she wants to put more sanctions on russia what do you think russia will do. Will they treat british companies with respect?
I will say it again, anything is better than nothing. Take the deal..
Totally agree Maestro1. The first offer gave no reassurance that anything would be given to shareholders. Giving this BOD carte blanche to look for other assets with the money would have left us back in never never land.
Vote yes for me..
Kat
They will giv 1.8p divi and then the company will still havr around 0.6p a share in cash. Will be cash shell.
I think easy money..
still 35% profit from this point... averaging down will still make sense all the way up to about 1.65...
Simply buy more shares at this level and average down.
I'm sure this won't get voted down and the Decree 81 was in place at the time of the last offer. RY said they had already approved it then so no reason to doubt it tis time. The wording in the RNS this time is very clear in what will happen to the funds.
I've been buying heavily over the last few weeks so although half my target, 1.8 is a great result but it's not too late to turn 1.3 into 1.8 over a few months.
Ironically AMC is now one of the safest bets on AIM
Massive loss for me unfortunately.
I don't blame the BOD. The current circumstances with the war are to blame.
I always knew Russia was a risk so I have to take it on the chin.
Still, life goes on.
That offer was rubbish you would never have got most of that cash.
Yes there’s a big risk in waiting for another buyer as the current one may pull-out and nothing further may come along. The previous US$105 million offer is looking attractive now. Whilst the payment terms weren’t the best, the end value was 3 times the sum, just spread over a long period.
As at 31 December 2021 the Company had cash reserves of US$6,682,000, up from US$2,790,000 at the start of 2021 and remains debt free.
Kheldar
Cant blame russia, it was our large companies who threathened them by sayin they will dump all their assets in russia.
We will never get full value, this is great deal for amc considering the situation. They could have got nothing..
.....this helps explain the increased volumes Tuesday, Wednesday and Friday of last week.
This looks to me like this is the best we're going to get. Waiting for somebody else to come along and offer more is a gamble. The Chinese might enter the fray then again they might not. The old "bird in the hand is worth two in the bush" saying springs to mind.
Something is better than nothing and there is, as Geng rightly pointed out, the residual value of the listed entity with its cash in the bank of around $10m (another 05p to 0.6p per share).
Its going to be a real kick in the nuts accepting 1.8p (plus whatever else the listed entity settles at if you decide to bail completely) but at least you can move on and try your luck elsewhere.
That's my view at the moment but that may change over the weekend.
TDT
The deal has to be taken, there is no future for foreign companies in russia. Easy money for ppl who buy now.
Take the deal..
Aubery, Agree with fees, wages .................
"Big % uplift from current SP." Agreed, only if I had the balls to buy more haha!!
Not sure why I am so chirpy, I will be losing a fair chunk of money for anything below 0.0036pps, maybe because the nightmare is ending!!!
ffs, if you don't deal in courts outside Russia you'll become the next Grinner.
Think i'll pass.
If the shareholders reject this offer this is dropping below 0.5p - probably why people selling. We need to just accept this offer. We have put up a good fight but unfortunately the assets in Russia and we are screwed. The bastards made us spend our money proving up the resources and they are now going to come in and make billions.
Agreed Shadow … but the cost of the ‘deal’ will eat into lots of that.
I’m working on a worst case of 1.8pps and best case 2.0pps.
Big % uplift from current SP.
opps not £25,074,000m, haha I wish £25m
From Sale: $35m = £29m (exchange rate of 0.82)
In Bank: £5m (Money in the bank already)
Total Cash = £34m in the bank (this equates to 0,024pps)
0.018pps distributed to all shareholders = £25,074,000m
This leaves £9m to invest (or 0.006pps), what could they invest in with £9m?
For me, the deal has to be taken now
Yes but only $10m on completion the other isn't guranteed, what if the buyer goes bankrupt, or Russian Govt takes the licence?
Also need to factor in time value of money what is $105m today isnt that in the future need to discount it down
This offer at least allows closure for people. We take a loss and move on. The original offer was just maintaining the lifestyle of our BOD with staged payments , with a depressed share. Someone will make a fortune but sadly not us.
Even if there was no war I think this useless Bod would have found some other way to screw us.
Those saying this is a bad offer need to look at the detail and not the headline figure.
Sorry to be a bit grumpy but have been in this share for 3 years and just glad I'm getting out with my initial stake.
The useless BoD have spent all that money on salaries and delivered feck all.
Didn't there exist a compensation clause in the exploration contract to re-imburse all expenditures equating to 140% of costs incurred?
Anybody fancy a legal fight with the Russian Federation over this ? :-)
I don’t understand why folk are selling at 1.3ish when there is a nailed on return of 1.8p…
What is stopping the buyer hovering up at these prices to reduce their actual purchase price by a few %
Russian buyer…. Russian regulator signing it off, backing of BoD
Absolutely no other option than to reject and wait say 10yrs….no chance.
Done deal. 1.8p in the bag plus a chance of whatever is left, maybe a fraction of a penny per share
Well Gazzleberry, it was us shareholders that voted against the original offer!!!! AND we now have another offer to accept or reject. We are rapidly running out of time to extract any value from AMC at all.