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It's an intention to bid. Not a done deal. It should be taken to a vote.
"Ascent is currently only minded to proceed with the Indicative Proposal on the pre-condition that a recommendation from the Amur Board is ultimately forthcoming."
The Board of AST must be joking as AMC is worth a minimum of 2.15p!
So no share premium at all based upon estimated cash in AMC.
An opportunistic bid!
AGE
Take it with a pinch of salt !! Dated 08/22
https://www.alignresearch.co.uk/ascent-resources/ascent-resources-recent-prospective-cash-settlements-look-to-reduce-future-dilution-risk-dramatically-buy/#:~:text=Most%20recently%2C%20Ascent%20announced%20the,excess%20of%20%E2%82%AC500%20million.
"AST (I was a previous share holder) is even worse than AMC hehehe"
Maybe its the only way AMC management can look good!
It looks like AST going through a lot of disputes !!
And until RY issues a statement, this news is going to cast a shadow over the SP IMO. Glad I didn't get tempted to buy anymore today.
I had shares is Ascent years ago until they ran into difficulties with Slovenia (I think?). Very surprised to see this RNS TBH. It doesn't look like much of a deal for AMC holders and I don't really think RY would be interested in merging this dead duck with an even deader one!!
Give it time - I bet we'll find out AMC have spent more than expected and the cash at bank is much lower than the $5M
Funny how AST SP is up on news and AMC's down!!!
There is always 1 winner and 1 loser, we should be used to this
I think its fair to say they will get nothing from AMC side...
So effectively we would be psying them a premium, well at least they have had no response from Amus as it is indeed laughable
....Thats coz they need shareholder approval
Despite multiple conversations with the Board of Amur and multiple follow up correspondence, the Company has as yet been unable to elicit a written response to their offer.
:-)
Do you remember Paul from AMC guess where he works now?
Laughing my rear end off - they dreamt this up last November - explains why the SP never got above 2p in run up to Divi.
This should be illegal - no value at all for the AIM shell - RY has exceeded my expectation yet again, his ineptitude is magnificent !
There's more than 5mill left in bank so .175 +abit more
Might reduce the 21/1 share ratio
Its giving us partial share in /18/20 million valued company
Whats this €500 euro claim thingy ? They might have access to ?
Our 5mill +cash injection should push them along nicely
We are giving abit of discount but hopefully gaining some stability
New board members with more control, whats not to like
Was going to ofliad some spare shares in my sipp that I'd increased during the div cycle
Now I am thinking maybe let's see what happens
It will certainly firm up the price, all games aside imop
0.175p per share - class act and i guess he keeps some gravy flowing!
SP will drop to around 0.15p now
Slowlyslowly
thanks for your very informative and clear worded post below. GL
Paulb76,
thanks very much for your kind reply. GL
Destitute,
You comments today, prove what I have though all along...
You obviously know nothing about AMC but very much make out that you know everything.
Have a read of the RNS and you will get the picture...
Suggesting the share issue has doubled prove you know nothing.
BB2
That's a relief! got the monkey off my back now after losing 90% of my investment
Thank you slowlyslowy. Much appreciated.
Destitute,
You comments today, prove what
@Phoenixy - you do not. As your nominee, Halifax will deal with it for you. It's their bank details that the company needs, not yours.
The previous share prices have been revised down to deduct the 1.8p per share dividend. Websites / charts that adjust for dividends will have done this, deducting exactly 1.8p. However, as I explained to someone else here earlier today, for most of the period leading up to the ex date the share price was below the 1.8p dividend price. That means the dividend was never fully priced in, so the correct amount to deduct will be somewhere below 1.8p. But such websites have no other calculation to go off - so they subtract 1.8p. But because we were trading slightly above, or even below, dividend, that gives some crazy calculations - like the Google Finance 500% gain on the day
I have share dealing account with Halifax iwebsharedealing. Have been shareholder of AMC since 2014. Do I need to register elsewhere in order to get the dividend. Please help.
Thanks