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I wonder where RY is currently putting his feet up? Three months since the last communication and yet we are supposedly in the middle of a sale transaction...? Not in the least bit shady or dodgy eh Robin?
I wonder if the BOD ever pushed the sale of the project in China. Might have been a relatively easy way around the sanctions if the project was just sold to a Chinese entity.
Might be looking at it simplistically, granted!!
So the sale must be ongoing. However, there must surely be some time limit in the contract ..I can't conceive of a contract which gives the purchaser an indefinite amount o time to complete the purchase.
They are obliged to inform the market if there is a material change to their circumstances/the business, whatever that might be, but I presume you know that?
TDT
Thanks for the reply TDT
OTL
The audited accounts up to December 2022 should be announced on 30th. June and the interim results for 2023 will be out September then there is the AGM at the end of the year. Apart from that they're not obliged to issue/do/say anything else.
TDT
We all know that directors have a “duty” to report to shareholders and the Market but is there a statutory limit to how long these silent gaps can be ?
OTL
It will come to an end when RY has spent all the money
Morning All,
Haven't checked in for a long time here and have been trying to keep optimistic the banking gets sorted.
My simple mind says there must be a solution. MD's point about Red Bull still being sold in Russia would sit alongside many other western brands still being sold in the country, and money must be being repatriated in some way.
I won't confess to being familiar with the detail of the sanctions but with brands operating, gut says there must be some way of overcoming the banking issue.
What I don't like is the radio silence from the BOD. Appreciate its the latest in a long line of poor comms, but at this juncture, even an update saying situation is as was, would be appreciated.
Anyone have a guess of when this saga will come to an end one way or another?
TheEast
I lost 45%, and if I hadn't sold, it would now be more than 60%+ I'll never forget the RNS on January 25 telling shareholders that he received a £100 million bid. Since the summer of 2017, I think we have all been done us all up like kippers. That this is still listed is incredible.
Wax lyrical if you like,your self importance still rises through.
The complexities of the market make no difference.The directors of Amc and their well-being have always been the priority here,sadly that’s the area most were,including me were a bit thick.
MD
Hi MD, that’s not my point there are some very intelligent posters. Intelligence isn’t the issue, it’s that they don’t focus on the Industry aspect. Same with all these bb’s. Intelligent posters post about what ‘they’ think is relevant without any knowledge of how the Stock Market works & others blindly follow. Sometime’s a gripe at Market Makers, that’s all. It’s a sweetshop without any consideration of what’s occurring behind the counter. With more liquid listings We are trading against the Industry but with illiquid stocks the controlling interest is more prominent. Look at last years graph, if you think the wide swings are due to PI’s little trades, your mistaken.
What’s going on here, obviously very little. Is that due to circumstances or other ?. Surprisingly there appears to be a desire to continue with this listing & the carrot has always been the wonderful deposit. I hope you get your Divi, but if it’s not forthcoming I don’t think anyone will be surprised.
Read your own post and it’s quite clear.All you seem to post is condescending remarks about pi’s lack of intelligence.
On this particular bb the only thing that the pi’s can understand is that they were told a dividend of 1.8 pence would be paid for the sale of A mine.The deal was agreed in October and we are all wondering why we’ve heard nothing.
Perhaps with your vast knowledge you could tell us as it seems the ceo of amc will not
MD
Hi Spud, I think these bb’s are very dangerous. The stock market is not what it appears. Joe Public focus’s 100% on the Company & what they can find on the Internet. For the Industry sitting in the background, that We interact with & are running the show. They focus 100% on the listing mechanic’s & values being traded etc, to profit. I ‘never ever’ see any mention of the Industry on these ‘Retail’ bb’s. Which I find quite astonishing. Even PI’s trading do not appear to understand the set up & mechanics involved. It all looks so simple, Posters have no idea.
Red Bull are still selling their product in Russia I see.Perhaps AMC should open an account in Austria as money must be flowing into Red Bull’s account.
Meanwhile we once again wait in another of Robin Young’s silent spells.
MD
I should have said a penny, but it isn't even worth a tenth of a penny.
DB, do you recall the £1 party from back in 2009? LOL, it's now worth a tenth of a penny. Still worth ten times too much, though.
Does anyone remember this bb a few years back, a guy posting that all he needs is 22p to get his money back….. not a chance in hell. Newbies don’t look back at the previous posts do they. It’s all been discussed before, years ago.
Sviblov will end up getting Amur for nothing. One twitch from Putin will signal some dodgy deal and AMC end up with zilch. I’ve written this off. Was too greedy and bought back on at 1.2 hoping for funds to transferred and Icd get out at 1.6. Only £4k but a loss is a loss. RY not trustworthy , reliable or competent. He’ll be ok though you can be sure of that.
Geng
Im really concerns now, we didnt sign upto this when he wanted us to agree deal he madenit feel like it would be easy, we deserve an update.
You get directors who dont care about shareholders, unbelievable how he is treating shareholders.
KYC doesnt take 4 months, i know Kinross deal was delayed cos Sviblov financer was sanctioned is it really something to do with that maybe?
BAT is a multi billion dollar company and can grease the palms of many a banker and government personnel.
AMC isnt and cant.
British American Tobacco expects to complete the sale of its Russian business to a local partner this year, the FTSE 100 group told investors Thursday.
I wonder if they will have as much of a problem recovering the sale proceeds as AMC appear to be having ?
Catsalmon - it's people like Robin Young that do that. Not me. Filter away if reality offends..
Just to reiterate rog65...deramping That.. you do the exact same on several boards here. Get a real job, not one that parts inexperienced people from their money. Sc3m
T3at