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https://finance.yahoo.com/news/were-hopeful-amur-minerals-lon-144641682.html
"The good news is that in our view Amur Minerals' cash burn situation gives shareholders real reason for optimism..."
Really great research guys! Time to get a new office bot? :eyeroll:
Oh yes RY needing a close period to not speak to share holders.Made me smile that one.
MD
So RY ignoring all investors. Is it close period?
We probably have $4m in bank, more than enough cash but i would prefer if the directors take a paycut at least till funds have been transferred.
It would be nice if funds get transferred by the end of month now that will be surprise.
Shadowless
So you believe they have a bank but is doing due diligence?
They say they approached multiple banks with regards to transfer the bank could instantly tell them if they transfer from russia.
Jezzac ;)
That being said, my kids write to Santa every year, they always get a reply!! Here's hoping!!!
More chance of getting a reply from Santa Claus. :)
Maestro1
Apologies for the late reply, I have recently contacted AMC via email regarding any updates, Mine Plan deadline concerns, and a plan B/C if the banking solution fails. No response yet.
A response would be nice but don't expect one in a timely manner.
Unlike some, I do believe they have approached banks in response to completing the transaction and the delays are within the banking systems.
If I get a response I will post.
They surely have money till then regardless if KM is sold or not.
Fingers crossed we hear something soon.
Next AGM is Dec 2023. I reckon something might happen by Oct or Nov then as RY will want to keep taking his salary.
Didn’t realise it was a whopping $25k per month. For delivering???
RY he gets close to $300k per annum.
In the rns dated 7 nov, RY stated "With regard to timing, this is dependent upon banking institutions completion of their Know Your Client ("KYC") protocols."
This to me suggest they have a bank, but its been over 9 weeks and still no update, this is scandalous. KYC doesnt take 9 weeks.
Shareholders deserve proper update, nov update was vague.
brookieboy - they don't give a sh.t! How many times do I have to say it RY and the BODs are not aligned with share holders here. They're in for their salaries and it's all about keeping the gravy train moving along. Always has been. Things were very much easier two or three years ago but now times are so challenging people have to realise the chances are they will lose everything. RY will draw this out for as long as possible. The next communication will be an announcement saying they are making progress with the banking issue but it's still unresolved for now. Another 6 months salary. If they can they will take this up to the next AGM when they probably realise the'll be voted out.
I thought RY's monthly salary was $15k?
kwinee
"RY has a substantial stake in AMC."
RY does not have a substantial stake in Amur. Of the 1,392,872,315 shares in issue he has 6,369,318 or approximately 0.457%. That's not substantial and at 1.8p per share represents approximately £114,650. That's just over 5 month annual salary.
We are where we are. Exaggerated claims, no matter in which direction they blow, help little. This is simply a case of bail if you think this is going to result in no sale or sit tight if you do.. Nothing said or done here will impact in the slightest the eventual outcome.
TDT
Not sure this is true. Robin Young holds only 10m shares, so market value only £100k. So about the same as 3 months’ remuneration from AMC.
We can criticise him for the Russian war, without which are share price would probably be 10x higher now, but that’s clearly unfair. But what I cannot stand is the poor or non-existent communications - missed deadlines, and relevant points that are never followed up over the last decade. That’s led to the complete mistrust that we have now. If only the Board realised this and bothered to send out an RNS or 2.
2 x 20k trades is a rollover.
When the money comes to amc within 90 days we will get divi.
Shadowless- have you phoned company, i cant get through to him via email no phone.
Kwinee, there definitely is a minimum term hold post dividend payment receipt, something like 90days but I'm not 100%sure of that. I just wasn't sure if there is a pre dividend requirement.
Thanks
My understanding is that there is neither.
Some people have faith... 2 x 20k buys today.
Is there a cut off date for acquiring shares and receiving the dividend, or is there only a restriction on how long you must hold your shares post dividend payment?
TIA
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.
It is more likely that RY is working towards concluding this transaction and also plotting the next steps on a RTO
To get a deal done in this climate is difficult and will require patience.
To me it suggest cos we are in sale process the mining plan deadline pauses. This is my opinion.
We should still enquire with amc to see whether its true we do not want them to down the line say we expected the deal to go through blah blah blah but we missed deadline.
All shareholders should contact amc whether by phone or email for confirmation.
Info@amurminerals.com
Julian
But the rns on Nov stated that timing depends on banks KYC, this to me implied the bank is doing dd.
"....With regard to timing, this is dependent upon banking institutions completion of their Know Your Client ("KYC") protocols."
Worth looking again at the post of Shadowless on the 5th Dec following his attendance at the AGM. They were supposedly in touch with multiple banks and awaiting a positive response but if nothing materialised might look at Cyprus .Perhaps they had in mind Kiteserve .In any event with a month having gone by it is not unreasonable for us to expect an update. Whether we get one of course is another matter!
This is a question the company should answer, i emailed them see if i get response.
Hoping fund transfer is done by that time, 5 months to go..
Hello Maestro1
Did RY tell you that at agm?
No.
The june date for the mine plan was in the Feb 2021 RNs
Whether the deadline is paused due to the sale is anyone's guess.
Shadowless
Did RY tell you that at agm?
Now that Putin has agreed to disposal wont that be paused until deal concluded?