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maestro - 'looks forward to letting us know when the banking issue is resolved'.
He lied. He'll shortly be $45k richer for this hold up and probably hasn't done a thing to resolve the issue.
If you believe this will eventually come good and he'll deliver then yes 1p or sub is a bargain but any investment in Russia now as risky as it gets.
fyeburnmouth
You need to remember what you've posted previously before you go claiming to have bought and sold many times.
25th. May 2022
"As a very LTH I have been struggling to make sense of Amur for years but always hopeful of at least a small profit on my investment av of around 5p."
TDT
Bought and sold many times at 3p,8p,10p20p etc. and even some at 40p but always held on for the big one which I thought would come.Certainly not a disaster financially but a disappointing end for the "amur dream".
Last few weeks been takin adv of the fall under 1p. Reduced my average significantly, the rns in nov RY stated he looks forward to letting us know when the banking issue is resolved. Surely he is not that much of a psycho writing that in rns.
Svidlov is gettin asset at around 75% discount. There is always a way, if its delayed and delayed who knows the war might be over by then and we might get multiple parties interested. Svidlov will want this done asap.
Please dont tell us you went from 1p to 44p but didnt make any money.
Wish I shared your confidence; but here`s hoping . Amur has been one long long wait since my original buy at 1p 15 or more years ago!
Getting some interest back, remember special divi of 1.8p a share and you keep your shares in new company.
RY is confident the banking issue will be resolved. Anyone buying now makes decent chunk profit.. im hoping to hear something this month.
Two reasonably decent sizes bought today
Big spread..
Those £125k trades were a rollover, has been happening for months. There must be a large order in the background as the small trades today wouldn't cause such a move in the MMs. Earlier you could buy for circa 1p now I'm getting quote 1.29p on quite a small qty. Could just be MM's trying to tempt some volume.
Interesting, just after those two £125,000 trades yesterday....
May just be a bit of MM fun but suddenly flipped!
Roger
Alot of us are annoyed at RY cause he should have had communication with the bank, but if he wanted to shaft us he didnt have to goto svidlov to renegotiate for 2nd time. He could have just strung us along.
Putin signed the decree, that was the major hurdle in my view. The nickel in ground is worth $37bn. So Svidlov will not want to walk away..
I think he probably has an conscious he surely wont do that, i think the biggest hurdle was to get permission from Putin to dispose the asset, this has been done.
The rns is NOV implies they are confident of finding a way to transfer money with western sanctions.
Enel sold their asset in june 2022 and in late oct 2022 it was completed.
Maestro - good info but…I think AMC is a very different kettle of fish to Kinross. The money involved is a tenth of those sums and we’ve got someone hell bent on delaying the deal (our own CEO Robin Young) so he can squeeze out as many months salary pay cheques as possible. I don’t very much he’s really looking into other options at his age and will be focusing on getting out as much money for himself as possible before holding his hands up and retiring. It would suit RY to wait until the war is over until this is sorted - and that could be years - as effectively he can retire now, put his feet up and draw $15k per month cos his holidays and world cruises. He has the perfect excuse to sit back and do nothing for as long as the sanctions remain in place. He could sack anyone else working for the company, increase his own take home pay and squeeze as much out of the cash reserves until he’s voted out at the next AGM.
Honestly? I think our money is gone here. RY is both clueless as to how to progress things from here and is focused on his own greed rather than looking it for the interests of share holders. Gloomy? Yes. Realistic? Sadly yes. It’s a typical AIM heist.
If you look at Kinross they went to similar process to amc, they first agreed to $680m with svidlov, this was in installments over long period. The russian authorities agreed to cut price of $340m plus 40m after 12 months. Now they received their money back in june and original deal was agreed in april.
Hopefully we should hear something this month for amc.
The only positive i see is this from nov rns.
"..We look forward to updating shareholders once the banking restrictions are successfully solved."
So clearly RY believes this can be solved.
Roger
The first deal was worth $100m, hes purchased kinross which was over $350m. This is loose change for Svidlov..
But didn’t the first offer outline a purchase over several years ie piece-meal? Suggests to me Sviblov prefer to delay…? Maybe he hasn’t actually got the cash ready atm? Or maybe he knows damn well if he’s patient he could end up getting it for even less? I don’t know. I just wish RY would either get on with it or fall under a bus so someone else cd be charged with the task. Any one would be more competent than RY.
Some of those reds were buys, hopefully we hear something this month.
Svidlov has been interested in KM for over a year now, he would want this to go through. The western banks will want to know where the money is coming from.
Looks mostly red to me going by the LSE trade list. Not that that's in any way shape or form an accurate reflection on what is ever really happening!
A nice stream of buying last few hours. Would expect news now
Of hard labour has Mr Young produced since the announcement of the approved deal on 03oct.
Oh well I suppose the £72k he’s had since that date will no doubt has helped him cope
I think it’s probably dollars,but I don’t have a dollar sign on my key board.
Its high time we were told what is going to be done with Amc Mr Young,you’ve had your sport with the s/h’s you’ve had the Christmas break,you’ve been paid.
Just Tell Us
MD
Jezzac
The russian side agreed to deal its the companies bank which refused to take the money. RY should not be taken $24k plus per month in this situation.
To ask the obvious, RY still drawing salary? We all know the answer, so, it begs the question, what value is RY providing?
The BOD should stop taking their salaries, and should only be paid in lieu once the sales funds get deposited and distributed to the shareholders.
Kammy