Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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We couldn't find it for the same reason you couldn't JEZZAC ....pfft ;-)
Typical Amur MO. Nothing changes.
TDT
No mate, with a lot of these AIM companies you will find they will update their website when they find someone who can use a PC. Hopefully later on this afternoon.
JEZZAC I've seen that link - the download just opens up a copy of the RNS with no resolutions ( at least on my tablet / browser) .
Are you able to post the resolutions ? Thanks
Its been there all day, im not sure why you lot couldnt find it... pfft :-)
https://amurminerals.com/notice-of-annual-general-meeting-20221110/
Well at least the RNS is now on the website,come on Mr Young you can do it get that well known Amc printer working and send out the resolutions,come on you can work it out how to press send.
After that ring the bank and see if the money is there.That’s if you’re up yet in sunny California
MD
And RY expects backing in a new venture ?
TDT,the way he goes about things(you couldn’t say business)is just so lazy.
MD
Hi MD
I guess that's what we've come to expect from Amur!
TDT
No
MD
"Details of the resolutions for consideration can be downloaded from the Company's website, www.amurminerals.com ."
Can anybody find this on the web site?
TDT
Today. Business Telegraph.
Ex- PWC staff set up Cyprus firm for Russian- linked clients.
A group of PWC partners has broken away from the firm to set up a new company in Cyprus that will service Russian linked clients.
Kiteserve, set up by three former PWC partners, will work for clients connected to Russia that “ big four” accountancy firms do not want to touch owing to a “ sanctioned anywhere, sanctioned everywhere “ policy.
Ticking up nicely
Have redrawn the rising channel, all that's happened is it's not so steep as it was. As always the sp just follows the chart to next support - horizontal, which is where the new rising channel is redrawn.
If horizontal support and the new channel fail then next support is down near 1p. Although I think it will hold and added quite a few yesterday and today, I'll also add more if it gets to circa 1p. Really didn't think we'd get another chance this low so thanks Mr Young's bank!
https://invst.ly/zg-4t
I wouldn't necessarily jump to that conclusion. We don't know what hoops other parties had to go through to complete their deals. Furthermore yesterday's RNS was merely updating the market on something they said would be concluded by the beginning on November. They were obliged to issue that update, conclusion of the sale or otherwise.
Criticised for releasing an RNS, criticised for not releasing an RNS. Damned if you do damned if you don't.
TDT
TD2 - Other companies have exited Russia, that's true. The fact that we can't, or are having difficulties, suggests to me that things have changed or there is something up with our transaction.
RY not RU!
Sviblov will be extremely keen to see this deal go through as he's getting a bargain. I'm really not sure he'd be thrilled if RU started playing delaying tactics simply to eek out a few extra monthly salary pay cheques. This will happen but perhaps not in the next few days. The instant there is an RNS saying the problem is sorted and they give a new date for the final transaction the sp will simply shoot straight back to 1.6/1.7. Easy top up.
BoldlyGo
That's not quite correct. A whole series of Western companies have exited Russia and found perfectly acceptable ways of doing so. On top of that this is not the first deal Vladislav Sviblov has done during what is essentially a Russian asset fire sale. Unless he has become sanctioned in the interim I can't see this as anything other than a delay.
HIGHLAND GOLD MINING LIMITED
21 October 2020
Highland Gold Mining Limited ("Highland Gold" or the "Company", AIM: HGM) is pleased to announce the appointment with immediate effect of Vladislav Sviblov as Chairman of the Board of Directors and Stanislav Luchitskiy and Anton Glazunov as Non-Executive Directors.
"On April 5, 2022, Canadian miner Kinross Gold Corporation (KGC) announced that they have agreed to sell 100% of its Russian assets to Russia’s Highland Gold Mining and its affiliates for $680 million."
As for Amur's bank refusing to accept the funds from the sale I've experienced similar admittedly on a much smaller scale. I'm owed money by an entity based in Qatar but, in the interim, my bank decided to no longer accepts payments originating from Qatar. I only found that out when they were kind enough to tell me they had returned the payment. It happens.
TDT
I'm confident this will go through ultimately, but I must admit this does bring to mind the final scene of the Italian Job:
RY: "Hang on a minute lads, I've got a great idea"...
Why the hysteria and kicking RY. It is quite clearly stated in Oct RNS The sale has been approved by Russian authorities and the changing sanction situation is a concern....
'Robin Young, CEO of Amur, commented: "We are pleased that the Russian Federation has approved the Disposal of our AO Kun-Manie wholly owned subsidiary in the agreed amount of US$35 million. It is our intent to advance to Completion as rapidly as possible given the ongoing geopolitical situation where sanctions by various nation states continue to be modified on an ongoing basis.'
It's no good reading just the good bits abd glossing over the challenges. Realists don't panic. The sky isn't falling down folks.
I don't doubt Spiv keen to complete this sale, of course he does, but this is not a last minute hitch that can be sorted with a few emails. Looks like the banks don't want to touch the Russian money because we can't prove who it comes from. Spiv could be a front man for a load of sanctioned oligarchs and unless we can prove otherwise, we are dead in the water.
Gazzleberry - if that was the case wouldn’t the RNS have told us so?
ShadowLess. - Good summary, but it’s a hold and not add for me.
Trying to seek any positives from the RNS
1- "Amur and Bering are keen to complete the sale" stated in the RNS
2- advancing to the stage where the bank was performing their DD means at that moment in time completion was imminent and money was about to be transferred imo.
3- maybe a opportunity to add more at a lower sp! If you have balls or ovaries the size of melons!!
Good luck all!!
Still the good thing is Bp got their money from rosnest
MD
Which bank did Kinross use?