Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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There is more in this: Another bid can and will appear. 200% Premium and I may think about it.
They say this is a final offer, don`t believe it. Its a starting bid. The Russian want the asset..
So buy at 1.3p and get a 1.8p dividend? A 30% + profit in a few months? Or am I missing something here?
Are we being paid a DIV so its not a capital payment?
So will lose huge amount in capital loss, and pay top rate taxon the special dividend?
At the price of a couple of nice houses in London, any chance of another bid.
They have done very well in poor conditions here. 1.8p and you keep the shares. Your choice if you sell or keep after the Divi. Well played Robin Young. Also a Buy below 1.3p if seen, no brainer!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Says who? Hear say surely
1.8 pence as a special dividend.
No after dividend pay out , AMC will be wound up.
This will be a dividend and you will still hold shares on the live market right?
Up over 60%. That's the reason for the buying under 1p. Smart money hoovering them up..
Best offer AMC will get.
Look at BP and Shell walking away with £££ losses at least we are getting some money back.
If its less than you wanted, then buy now and vote YES at least you'll get a tidy £ profit when the divi comes.
.... is an understatement. i'm lost for words. sad day
bbaggis,, 12p average here also
Not only that, they will also take part in the vote this time and make sure the deal gets voted through
Geng, why would anyone be selling at 1.36 when the offer will be 1.8p ?
As holders give up and sell, they'll be picking up the shares at under 1.8p and get their money back with the 1.8p dividend.
The first offer would have got the SP to at least 2.4p short term and possibly 4-5p over time.
Highlights:
· The total consideration for the Transaction is US$ 35 million to be paid upon completion of the Transaction. The Transaction consideration is payable in US$.
· The divesture price represents a premium of 119% to the Company's market capitalisation of 3 August 2022 (£13.2 million) and 44% to the current Kun-Manie book value of US$24.3 million as at 31 December 2021 in Amur's latest annual report. The closing share price on 3 August 2022 was 0.89 pence per share.
· In addition to shareholder approval of the Transaction at a General Meeting scheduled for 24 August 2022 ("General Meeting"), completion of the Transaction requires the approval by a newly created Russian Federation government commission per the Presidential Decree No. 81 dated 1 March 2022 (which specifically addresses change of control of western held assets) and the consent of the Federal Antimonopoly Service of Russia.
· If the Transaction receives approval at the General Meeting and all other consents and approvals, following receipt of the consideration of US$ 35 million, the Company intends to pay a special dividend of 1.8 pence per share to Shareholders within 90 days of Completion.
Lost a chunk on this ..one of my first forays into aim 7 years ago.
12p average so well and truly shafted.
Absolutely awful offer. Shafted is not the words I’d be using.
lol when shareholders reject the deal and get nothing :/
.....
So the final shafting has arrived
Xmas is coming for the Turkeys......
"Dorsch says Chinese-backed Indonesian nickel laterite supplies can fill a gap globally, but are unlikely to find favour with Western battery and carmakers who want sustainable nickel supply, with Russia quickly looking challenged from an ESG perspective as well."
“Will it be acceptable for Western battery and auto manufacturers?” he asked.
“My impression is that it’s not, so without really the Indonesian supply, without the Russian supply, we can foresee the price going again, very, very high, like what we saw in the LME when the LME effectively shut down back in March.
“And we see there’s going to be massive shortfalls of class 1 or battery grade nickel.”
https://stockhead.com.au/resources/diggers-and-dealers-bhp-tips-evs-will-send-nickel-demand-up-to-300-higher-in-the-next-30-years/?utm_medium=email&utm_campaign=Lunchtime%20-08-02-2022&utm_content=httpsstockheadcomauresourcesdiggersanddealersbhptipsevswillsendnickeldemandupto300higherinthenext30years&utm_medium=email&utm_campaign=Morning%20email%20Wednesday%20August%203&utm_content=Morning%20email%20Wednesday%20August%203+CID_eb1533a99cbd1ffcf1a7f61ad801b0c2&utm_source=Campaign%20Monitor&utm_term=Diggers%20and%20Dealers%20BHP%20tips%20EVs%20will%20send%20nickel%20demand%20up%20to%20300%20higher%20in%20the%20next%2030%20years
If this is even remotely close to what will eventually play out then the Chinese will be doing deals in Russia for years to come.
TDT
Astar,
Correct, not many places you can make 25% profit in a few days. Although I think there is more to be had here, my target is 3.9p