GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video 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.
Let’s face it guys we have been totally f poked. Even if you vote Yes the bod will use the money to pay their salaries and maintain their lifestyle.
I say vote No and make sure this BOD don’t make anything either. If the buyer wants AmC he can pick it by buying shares and will probably pick it up for 2-3p. As a long term holder I’ll be yakknbn a loss but at least PIs who bought under 2p will get something.
I’d rather some PIs make some money than this f cktard bod.
CT,
Not good enough...........I will not be intimidated.
Voting no changes nothing from the situation we were in last week from where I am looking.
We did not even believe that there was a buyer then.
I would regret loosing my " investment" but I am prepared to chance a no vote, mainly as others have said due to the structure of the deal - and the breathtaking arrogance and ineptitude of this B oD.
Why can't Vlad just buy us out for $105m? That's a rounding error for an oligarch.
The deferred payments only benefits the BoD. Let them get their CVs up to date and find themselves a six-figure salary somewhere else.
CT.. voting No returns zero, voting Yes returns zero.
The main issue is structure of the deal, I reckon most would vote Yes if single payment was paid upon completion, shareholders would walk away with 6p ish.
The deal on the table is geared towards self protection, i.e keep the BOD wages coming in, job protection for the next 10 years. The shareholders will have no say or control over the sale proceeds.
Its a very terrible, but deliberately designed deal, I can't say with certainty, but don't be surprised if there are backhanders and special terms for the BOD...and s.hitty terms for the shareholders.
Kammy
If people are concerned about RYs salary, vote him out at a future AGM.
With the 400 posts over the last 2 days, I am yet to hear one person suggest how this deal could be improved with the acquirer holding all the cards, AMC unable to move forward without finance and no second bidder.
AMC needs to retain cash in the business to protect the contract.
Voting no will return zero, voting yes returns $105m in a long winded process
The terms of the deal are terrible, the bod have to put it to shareholders to protect shareholders. Vote however you see fit. If rejected and Vlad wants it bad enough he will come back with a better offer.
Top 8 shareholders own only 2.33% of the company.
You sound desperate. Perhaps some are thinking with a clearer head than you.
...payment structure, or rather lack of it, is the main reason for this deal to be voted against :-(
He's offered us a pittance but he wants to keep earning his wages for years. He's quite content too parasite off us and leave us with almost nothing. I'm not permitted to say how I feel about this man, but there comes a point in life when you realise you're being treated with complete contempt and must choose between bending down and taking it or rising up and being a man. Vote NO.... Tell him and the BOD to go ++++ themselves.
JPK - I did too but I sold up this morning without any regrets. AMC has given me many years of angst, anger and periods of dreaming but AIM is full of crooked dealers and deals so now I know exactly where I am at.
I could be wrong in not voting 'No' or indeed accepting the deal and hoping that it would be paid up as stated but 15years is too long for to keep 'fingers out of the till'. Voting 'No' just looks like we'd see a large steamroller put into play and I would finish up with less than what I sold for this morning.
I will not agonise over it anymore.
Voting no is not burning anybody but yourself and as has already been said
If the BOD resign with this vote not passing, it will be impossible to get anybody else and in the miraculous event they could, they would cost a fortune.
If the vote does not pass, how can AMC deliver the mine plan next June when unable to raise cash or have things signed off by western companies who can't now deal with Russia.
Anybody who thinks PIs have any power here or that RY does at the negotiating table is deluded
Could anyone please confirm how much the sp offer stands if the deal goes ahead? Sorry have not been following what has been going on lately. How do you also vote no if you are with HL? Thank you!
AaBD, whilst extremely disappointed with the proposed deal, I have perhaps unwisely taken a bit of a gamble at the current SP.
BIG BIG DIFFERENCE,the painting sold and the money handed over, with this deal,the money won’t be coming to the seller(the shareholders) Also the buyer will only have to bang down 15%
Deposit and sell it on before the transfer clears.Then disappear into the aether and most likely never pay the rest
MD
Henners007
Shareholders will and have had exit strategies for years.If After 12 yrs all I am to get is my break even sp which is 5p I would sell and never forgive my own stupidity for stupidity.
To rely on this bod to decide what I am entitled to after another 5yrs and then see what happens to the 10 yrs of 3mln per year thereafter is on one hand complete lunacy and on the other hand I will be dead.
On top of that I would be opening the door to this pathetic bod to draw salaries in to their dotage at my expense
MD
How can a painting be worth £195m an Amur $105m
Mind blowing
JPK - Unfortunately that is exactly how I see the the whole Robin Young (and Old) debacle that he calls a fair deal as he enthused over it in yesterdays RNS. I now know where I am with this AMC - unable to be conned anymore. The 15years payout means too many opportunities to diminish what is already a diminished end price not in keeping with anything RY has spouted out over the 15years I have been invested.
I thought his words in an earlier RNS when he informed of the original offer that the amount (£100M) needed to be improved. It was but only I suggest for him and his BOD members and of course the buyer. I suspect Norilsk will own AMC eventually for a song. Screwing the loyal investors for a few 10s of £M for what is a multi £Bn pound asset is more than a poke in the eye.
AaBD and Sharpeyes
They couldn't have come up with a worse deal if they tried and as usual the "Gravy Train" takes priority. Lets face it this is small change for our man, it's obviously designed to be divisive.
If they were going to return circa 2p on completion day most would vote for it but from my workings we'll be lucky to get 0.5p hence the current valuation of circa 1p.
As I said yesterday this has done the trick and I'm sure sting part 2 will be a full takeover at a much lower price than $105. The move is also being helped by some brokers only allowing sales.
VOTE NO and force him to buy the whole Co - lets face it he wants it!
So who are the big share holders? Can they get enough votes to get this through?
I agree totally. That they would presume we would continue to invest in another venture with them is beyond criticism. Should have gone with my gut and punched out in January whilst in profit.
I don't believe the offer is what the company would have wanted ideally but the terms of the offer could surely be altered to benefit shareholders more favourably.
As it stands we would be paid a pittance to start with & I doubt very much that we would ever see the remainder of the money.
The majority of us will make very little if any money from this proposal yet it still allows RY & co to take their salaries and spend any future payments as they see fit. So much for looking after shareholders interests.
The company promised better comms for years, if they'd delivered on this maybe feelings would have been different.
unfortunately they will have access to an itemised share register and know exactly what they are doing.
When I first checked yesterday, I assumed we would receive £84 million. After finally reading the RNS, I am disgusted by the conditions of the agreement and will vote no. Basically, I'm being offered roughly 25% of my money, with the remaining 75% taking another 4+ years.
They must know it will be rejected?
What a fail, unless you show another bidder this is such a questionable transaction.