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Kwinnee
At least your response clarified which if the options in the last sentence of my post is the more likely.
TDT
Which narrative is that exactly?
Substantial or not is subjective to what you or I believe substantial to be. Not a matter or being true or not. However we can both agree that he would rather his shares be worth more or something rather than less or nothing.
Therefore cant believe he is motivated to sabotage anything (which was the narrative I was referring to).
I imagine we all use this platform for information, news and opinion to try and ease fears or worries about the money invested. I do. Perhaps I am trying to remain positive until there is a reason to be negative.
If that is a narrative then so be it. Cant see how that position can be questioned.
They've already got a potential source of funding on their doorstep.
https://www.youtube.com/watch?v=Iibs7buNwxQ
TDT
https://www.theguardian.com/world/2023/mar/02/russia-run-out-of-money-oleg-deripaska
going to need foreign investment
Shadowless,yes that is where I stand too.Just update us to the current state of affairs.
Gazz,I get that,but frustration seeps through.
None of us know all the ins and outs of the process,that’s why I don’t understand the silence.There was always the feeling that management didn’t want to ruffle the Russian establishmement feathers,but that is all past now.This is a sale by us to a Russian company.If it can’t be done tell us.If it can tell us how it’s going ,it’s not a state secret.Do something.If the shell can be sold do it.If that can’t be done wind it up and put the misery behind us.
MD
kwinnee
While I generally agree with the sentiment in your post I have to question how you've arrived at that position. Joined LSE 10/08/2022, five posts in total, including your latest, all on Amur and a really questionable one where you claim:-
"RY has a substantial stake in AMC.
The sale price does not make him a billionaire.
However it is still worth considerably more to him than sabotage or continuing to take a salary."
which is simply not true. Robin Young only holds 6,369,318 shares with 3,900,000 options which I very much doubt he will exercise. If the deal goes through at 1.8p he will trouser £114,647 which is less than 6 months salary.
So the question to ask is why are you pushing this narrative? What do you know or, more likely, think you know?
TDT
kwinnee
agree, although it may be stating the obvious it would be nice of the BOD to give us an update, even to say 'we too are in the dark blah blah blah ', 'we are still waiting....'
I still think there needs to be more patience and context. Appreciate it is hard when it comes to money, but it seems to be too easy to jump to a doom and gloom position. Quite common in the world at the moment, especially when the facts are unknown or unclear and communication is poor.
The last news was the deal was verified and waiting to conclude the banking transaction. If something had fundamentally changed we would have heard by now. Any other opinion, whilst entitled, is just that.
We have no idea what is involved in such a transaction. We therefore have no idea if the time scales we have experienced are reasonable or not. Comparing it to other transactions, whilst useful, is also dangerous as we have no idea what circumstances it was completed under.
Well I’m pleased for you having had such a well travelled life.
I think perhaps we should mainly stick to the fact that we are shareholders in a lse registered company.The ceo told us 5 months ago a deal had been done to sell KunManie.If he did not think it could be completed,why did he announce and ask shareholders to vote for it.
We were told the Russian government had agreed to the sale.I say again what is happening and where is our money.
MD
If attempting trading illiquid stocks make a note of the Spread. In this case currently 13.64%. The highest I have see this at is 42%. A low value buy at these rates gets the stock noticed, which is the intention. For the Trader, selling volume at the Bid to make a profit is not an easy task. It’s a common practice to hold the Bid at or below the PDC.
Depends on what you call eastern Europe. I've lived in Poland and Latvia and was told on several ocassions in both countries that they're central Europe not eastern. I was told that almost as often as I ws told the Russians are a bunch of bar stewards.
TDT
Gazzleberry,
I think you have a point.
All depends on the perspective.
Your interpretation of the reality, my interpretation of the reality and the unbiased reality - are three different things.
Not easy to disentangle.
e-tank
TDT, thank you,
I forgot about those. 4p is wishful thinking I know but we can all hope
Gla
Theodoros
These trades are not buys but roll-overs. They pop up every 20 days or so.
The share price is not going to flick up to 4p. The current offer on the table values the shares at a tad over 2p; offer + money in the bank " residual value of the listed entity.
TDT
TDT
Just shy of 6million shares bought in 2 transactions!
Has someone smelt something or caught wind of a possible incoming RNS??? Or is it just the MM's
Be a huge profit if the sp suddenly flicks up to a moderate 4p!
Interesting
with a 23% spread... don't get too excited.
After the destruction of Iraq and the mass murder of the innocent, the west has a nerve. But everything is okay in Lala Land.
Simply disgusted by some of the posters on here. How they reconcile their own thought processes is beyond me.
Is your surname Corbyn?
Is your surname Chamberlain?
Jayden: we should be doing everything we can to negotiate a lasting peace. Instead western governments, especially the smaller EU ones, are merrily spending their way to generations of debt and economic failure and…most importantly many, many, many more deaths of innocent civilians and huge numbers of soldiers. If this war has spread across Europe and is still going in 5 years time will everyone still be saying we were right to go toe to toe with Putin and refuse to negotiate? All the deaths were worth it! Really?
I’m afraid the western powers are not blameless in all of this. They poked the bear too often over the last 15 years and eventually Putin snapped. Now look at the mess. Definitely Putin’s fault it’s escalated to the current situation but he wasn’t sitting at home thinking this up on his own without any antagonism coming from the west.
What would you prefer to sacrifice, some territory and land or world wide peace and millions of lives? That’s my point. The path we’re clearly on at the moment is and can only end in one result. Putin will never withdraw but hey you keep believing all the propaganda and tell yourself ‘we can win’. We can’t and there will be no winners. AMC and the fictional $35m will not matter one iota once the first tactical nuke hits the ground. Think the west has to be ultra careful now not to further antagonise China or were another Step closer to those red buttons coming into play.
Gazzleberry.
Well if it is Russian Restrictions that are the current problem,we ought to be told because the 7th November RNS clearly indicates the problem at that time to be "Western Introduced Restrictions".Not my trawling through them has come across the specific instrument,so I have given up on that one.
Geng .Presumably we are no longer in he rising trend so I wonder what sp horrors the chats indicate to be awaiting us
Sounds like you're somehow blaming the rest of the world for somehow not negotiating with a fascist state.
Sounds very much like you're saying we should force Ukraine to give putin some of its land and people to murder, so you can get on with your comfy trading life.
Utterly sick minded thinking.
Don’t dwell in the past, it’s history, look to the future. I’m sure all the current focus is on the next version of AMC. Primarily finding an asset at an obtainable price, as Cash-Shells can not remain listed indefinitely. The listing issues ie Trading Volume at around 17 to 30 trades per day. Obviously this will not sustain those that depend on it & Marketing to Joe Public for Funding. Anyone using L2 will be aware of the reduction of Industry participants. Fortunately the current situation presents plenty of time, with so much to work on.
Can’t see there being any reason for the sanctions to come to an end on March 31st, sadly.
Western politicians are digging themselves in for the long hall and proving every bit as intransigent as Putin. Slowly and inexorably it appears our great leaders Biden/Sunak and from the EU (although there are some showing signs of intelligence and keen to work towards finding another solution other than obliteration) are happy to take us into WW3. I don’t hold out any great hope for the Chinese peace plan and fear the only way this war will end is when Putin is no more and someone from within the Russian political elite seizes an opportunity to change course for the good of everyone.
AMC and its $35m imo can be forgotten about. RY will put out a statement when he has to fit end of year results or AGM to the effect that a solution is still being worked on and…thanks for the salary. I’m working really hard. honestly…..