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CBS wow you can type so much faster than I can
MD
You guys are surely not suggesting some sort of collusion with regard to the purported buyout.
Surely that would be like thinking the AIM is somehow not quite on the level or say that the LME Is not atall fair and forthright.Now that us mere mortals are so underwater that the light has disappeared and the oxygen level is failing it’s really difficult to have any coherent thought.
Oh there is just one,How’s California Mr Young,I trust the salary is keeping you comfortable.
The standing order was set up by you some YEARS ago from a company that you are the registered CEO.
Perhaps you could drop us a line some time.
You have extracted it for long enough now DO SOME THING !
MD
To Ronald and Roger: I accept your points here. TBH at the time just after the offer announcement I did query huge trades that were taking place any time the sp levitated toward 4p. I still cannot fathom how they could have been anything other than sells, and that neatly ties into the narrative that the potential acquirer, having spent some months buying quietly, used the offer announcement as a pretext to exit their position at what must have been a fairly substantial return.
All assumption on my behalf and as TDT has pointed out previously, the latest shareholder register shows that a large number of shares showed up in the Others account in the Feb update. What however may be the case for March I assume will be somewhat different. No idea.
That being said, lets examine the pros and cons here
Cons:
- KM is located in Russia, always has been, and that has forever weighed down the sp. That Russia is at war with Ukraine only amplifies this characteristic and I'm sure we can all agree that it is down to this that the sp has cratered recently.
- Minimal comms from the BOD: Again, nothing new here. Comms have always been quiet here, and perhaps no more so than recently where I would assume it's well-advised to keep quiet.
- TEO: official documentation has still not been released to the market when expectations for this as spelled out in a Nov 2021 interview gave the impression this would have been received and transmitted to the market by end of Q1 2021. Whether this would even be transmitted out to to the market in the current environment (see point above about keeping quiet) is another question. No idea.
Pros:
- Cashflow: There are few costs outside of RY's $ salary, and some other, much lower costs (rent perhaps, a study or two...) there are very few outgoings, and the sale of the NRR convertible note in 2021 secured $6,137,019 in July of 2021. Given the low overheads at the moment that's a good moat to bide our time with.
- Nickel: Obviously has done well. Whether the current quoted price of around $17/lb remains following the resumption of trade tomorrow on the LME is anyone's guess, however I don't expect prices to sink much and they could go much higher from here. Time will tell, but lets just say these aren't the $3/lb prices we saw back in 2018.
- Corporate Structure: Yes, the shares of Amur Minerals are quoted on the LSE's AIM. AMC itself is owned by a BVI registered company which in turn owns the Irosta Trading Ltd asset in Cyprus, which in turn owns the Kun Manie license. I believe this corporate structure was created to offset various risks such as those that we see today vis a vis action taken against Russian companies. May also work in favour of offsetting any suspicion that the asset may be yanked by the Russian gov't (Kun Manie itself is operated by Russian company ZAO Kun Manie), which is to say...
- Minnow: The co produces no cash, and the asset will no produce no cash any time soon. Not exactly worth the paperwork to se
It’s a huge fiddle , the sorries about some pie in the sky buyer , no official statements, speculator’s pile in with money , people in the know check out at 4p, , just before the invasion, what a coincidence , come folks admit it we have all been took .
Does anyone here still believe AMC is going to be sold? I thought it was accepted that it was a deliberate p & d as key individuals knew what was on the horizon and it gave them a chance to get out at a higher price. This one's dead in the water isn't it? approx 30% below the sp even from before they announced news of a possible 'sale' for £100m. Yeah right.
If the times piece was right and Sviblov is the buyer, he isn’t on the sanctions list updated today.
".....targeting civilians may be misguided and more down to ineptitude which is now becoming desperation."
I don't think so. I think it was always a part of their strategy in the event that the Ukrainians didn't roll over and welcome them with open arms. Just look at Aleppo and Grozny.
TDT
TDT,
Good watch and yes worth the time!
A few weeks ago I didn't really believe the whole 'smoke and mirrors' thing, suspected there was a double bluff going on, but looking at the bodge job so far it's looking like the points raised in the clip are true. The idea they are deliberately targeting civilians may be misguided and more down to ineptitude which is now becoming desperation.
Back on AMC, another visit to 0.89 is still looking on the cards, if it holds will be another good opportunity to trade/accumulate.
Yep, in spite of what is going on geo-politically, Kun-Manie must surely be looking attractive to a number of parties right now, given the current metal prices. Even if a sale did fall through, it doesn’t change the fundamentals, so would only be a matter of time until another potential buyer came along.
https://www.wsj.com/articles/london-nickel-trading-to-restart-wednesday-with-caps-on-price-moves-11647319846
A maximum 5% move in any one trading session on the current quoted price of $48,078 would be $2,404. That's approximately $4B onto the in-ground value of KM.
TDT
TDT
Geng
To put it into perspective.
Population of New York City - 8.4m
Population of Russia - 144m
GDP of New York City - $1,501B
GDP of Russia - $1,483B
Even the UK has a GDP almost twice that of Russia. The bottom line, despite all their achievements and enormous untapped potential, both human and natural resources, Russia is a poor country where the overwhelming majority of the population live in grinding poverty.
This is an interesting take on the Russian concept of reflexive control and is worth 16 minutes of your time to watch.
https://www.youtube.com/watch?v=eXFDc-44YeE
TDT
The end of Covid and Putins War have pushed GAS prices to an all time high. The Irony is that Russia is now exporting record levels of GAS to Europe! Maybe this is Putin's real motive, despite all the sanctions Russia is benefitting financially from this war and Europe are spending even money keeping it going by supplying weapons and accommodating refugees.
I don't think any asset grab will effect AMC, in the scale of things, we're probably well under the radar.
Looks like the games are about to begin. Haven't Biden, et al, done their work so well with multitudes of Western assets now likely to be sold to China for a song?
https://youtube/nJmkq8R5bhA
Let's just hope we aren't included on the nationalisation list.
GLA
Is the BOD alive...if yes, why are they so silent, no update since the forced RNS
If dead, when was the funeral? Did anyone go?
Kammy
...it works, once you put article's original link into search (y)
Amc should sell for the £100m.
Let me guess...
Complete withdrawal, including Crimea, Donbas & Luhansk.
Recognition of Ukraine as an independent, sovereign country that can do whatever it wants.
Total immunity for Putin against all War Crimes.
Sorry folks the link I posted does not seem to work ( though it did bring up the article from behind the paywall on my tablet to let me read it )
https://archive.ph/z6To
Using archive.today ( with thanks to CBS )
March 13 (Reuters) - Russian and Ukrainian officials gave their most upbeat assessments yet on Sunday of progress in their talks on the war in Ukraine, suggesting there could be positive results within days.
Separately, U.S. Deputy Secretary of State Wendy Sherman said Russia was showing signs of willingness to engage in substantive negotiations about ending a conflict in which thousands have died. More than 2.5 million people have fled.
A Russian billionaire who owns part of sanctioned bank, bought a 29% stake in Petropavlovsk. Would he have bought it if he thought Putin would nationalise it? Seems good omen for Amur. Article in todays Times. Sorry behind paywall. https://www.thetimes.co.uk/article/co-owner-of-sanctioned-russian-bank-takes-stake-in-petropavlovsk-rvsj8vtpw
Quite remarkable TDT, analogous in some ways to govt bailouts of financial institutions. Unlike printed money however, there can only be a finite of deliverable LME nickel at the SRB. I would imagine if the lowers that be go with that approach the market will smell blood and continue to bud higher. Nothing quite like the proceeds of throwing off a government operation that can’t possibly intervene endlessly.
Thanks for the article. If anyone else wants to read it the archived link is here:
https://archive.ph/JqCtd
Ok
In my mind I’ve put this share in the total loss column, however, I’m still here so in my heart Im really conflicted, do I hope to it’s going to make a little or I no longer feel comfortable holding this share. I’m going to stick it out and see.
pepemartinez
I don't want to be rude by not replying to your post but at the same time I don't want to offer an opinion. What I think is not really relevant, especially in this market. There is nothing you can reference that makes offering an opinion meaningful. What we are seeing right now is so far out there as to make an opinion on where it all might go or end up meaningless.
Have said that I'm hanging on, more out of curiosity than expectation.
TDT