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Hi westie50 & speedymeadie,
Thank you for your responses.
I may have to concede that I might have been a bit harsh in my choice of language and apologise if I have offended you, or anyone else.
It is clear to all of us that we are looking at the AMC situation from fundamentally different directions and I am happy to agree to disagree.
Couldn't agree more Speedy. My thoughts exactly
Hi Etank. I am of the opinion that a deal that has the potential to deliver £100mil/yr to our coffers should be repeated as much as possible and please do not refer to the deal making as "juvenile". Talk of our present BODs and management bringing KM up to a working mine is a bit fanciful, the skill set is not there nor is the nearly £1billion CAPEX required. I have stated before and will say again "please A.H. sell this huge asset ASAP at a fair price and source new deals with the funds" ATB Speedy
Etank - Re your post from yesterday, I don't disagree with your comments although "juvenile drivel" regarding comments about deal making is a little unfair.
Some people have said they've been here for many many years. How do they feel about sitting at below 2p (earlier this year) after many years of loyalty? So the company, if it was going to progress, needed someone new at the helm to inject fresh impetus into the venture. AH has not been faultless in his career but i think he has the credentials to take us forward.
Re the reference to 'deal making'. I use that in the looser sense of the word in that every stage completed is a 'deal'. So when the TEO comes in, a binding off take is secured.........these are all deals which Habib will have brokered.
I guess the coming months will prove whether he's worth his pay check !
Hi Garf,
"The management team has been strengthened considerably with a clear strategy which is being clearly communicated and is beginning to deliver. "
No question about that - totally agree! Just think they should concentrate on the task in hand rather than going off-piste too far.........
etank
First goal i am looking for is the updated NPV that will come with the TEO
Etank cant see alot wrong with your posr from my perspective
Rewind the clock a couple of years and the general consensus was that we needed to stop the share dilution, needed a financier and a decent marketing strategy. Since that point Tom Bowens has joined with extensive experience in the copper sector and was involved in the sale of IG copper. Adam has joined and the share dilution has ceased ... for now. The management team has been strengthened considerably with a clear strategy which is being clearly communicated and is beginning to deliver. All we need now is to produce the TEO on time and be patient.
Hi All,
I am invested in this share to afford my retirement in some reasonable style - which I would like to start in the not too distant future.
No-one could therefore ever possibly accuse me of being a de-ramper - I would like to think that I have a reasonably unbiased view on how AMC are doing. (yes, I am also an optimist by nature)
Whilst I absolutely concur with the feeling that AMC had lost focus on how to progress with this venture and therfore absolutely appreciated the appointment of Adam Habib - I did not invest on the merit of one individual!
I invested on the merit of a huge class 1 Nickel deposit with unbelievable potential given the sheer size, type of Nickel that is in the ground and how this commodity will play out in the near to mid-temfuture, let's say between 2 -5 years.
Personally I think quite a few people on here are barking up the wrong tree.
I do NOT require a deal making "genius" broadly speaking, I need someone who can finally get a bloody hole in the ground! That's all I need, speaking in VERY simplistic terms.
All this juvenile "deal making" drivel is totally missing the point in my opinion.
Just for a reality check for the juveniles please see below's quote from the RNS on the 02/09/2020s - if I need to remind you:
"Adam Habib was a director of Jubilee Financial Products Holdings Limited and some of its subsidiaries when they entered into a creditor voluntary liquidation. Adam was a director of (i) Jubilee Financial Products Holdings Limited when it entered into a creditor voluntary liquidation on 07 September 2015. The total estimated deficiency as to creditors was £896,733. It was dissolved on 21 February 2017 (ii) JFP Securities Limited when it entered into a creditor voluntary liquidation on 07 September 2015. The total estimated deficiency as to creditors was £69,468. It was dissolved on 10 February 2017 (iii) Jubilee Financial Products LLP when it entered into a creditor voluntary liquidation on 07 September 2015. The total estimated deficiency to creditors was £385,152 (iv) Jubilee Financial Products Hong Kong Limited when it entered into a voluntary liquidation on 12 October 2016. It was dissolved on 24 February 2017. "
Having said/quoted the above I also understand that during a successfull career the odd setback can occur - I have no particular issue with that per say! Hower IMO AH focus' ought to be to make the development of Kun Manie - or sale to the highest bidder, at a decent price, happen. Let's keep it simple.
I guess I am about to receice some disapproving responses, which is absolutely fine.
On the other hand there may be quite a few people thinking along similar lines.
Everyone's opinion is welcome for the sake of debate - it just that I reserve the right to disagree with some of you.
etank
He brokered the NRR deal
ok....
Glandore - No i can't point to any specific deal he has personally brokered. I was alluding to his lifetime experience in the banking/finance sector. Having held senior positions in Credit Suisse and Lehman Bros to name a couple, I believe he is quite a coup for Amur. That's what attracted me anyway
Hi westie,
Do you have some specific deals he has brokered in the past that we can look at?
I would add I invested here for one reason - Adam Habib. So I have a lot of confidence he'll knock AMC into shape. Before he joined, I just felt Amur was a bit rudderless, but now there's a direction under his leadership.
Sparticus - I guess by convention there'll always be more "likes" for a positive post the a negative one. On this occasion, at least the positive chartist offers a reason for his deduction whereas the negative poster literally does just that.
For me, I think we've drifted back enough for now. In the short-term buyers of any substance seem to have disappeared so we need them to return before the price is going to move up. Long term no problems for me (although i'll believe 40p when I see it!). Although I'm not hanging my hat on seeing much of a bounce, if any, with the TEO, aim is a weird animal so it wouldn't surprise me at all if we bounce.
Hi Sparticus - I agree with your 'stick and hold' policy here (and generally so with one's holdings) although so far, it's not paid off for all the LTHs yet but, under the new management / latest developments / improving outlook for nickel, etc., it should do quite soon - I hope!
The TEO, scheduled for early December, should provide an updated resource (inc. the withheld 2018 drilling results / reserves / NPV for us to conjure with for starters; beyond that, confirmation that the off take agreement has been converted to a 'binding' deal which AH has alluded to, should add more 'grist to the mill' as we move into next year - sasa.
Westie50
Logic would dictate you go for the one with the most recommends
With the caution they might not have a clue really,
But added to your own thoughts and research
MD
Yep know suprise, it gets talked down as almost exspected before it happens
Then you got the traders trying to make 10% quick, i just swich of to it
Some one posted couple days ago along the lines of would the LTHs take 40p for kun and then diversify more like Nrr deals
I would say yes i ll take 40p upto end of 2021
But after that no i wouldnt as i think the value realisation from there on would make it silly to except it
Adams deal with Nrr was a game changer imop, not right now but sooner rather than later
so in the meantime if traders want to make there 10% carry on ill just top up on the opotunitys thank you very much
The longer it bummbles along hear the more chance i have getting proffits from EUA into hear
reduce the average on my sipp got 4.5 years to do that, and increase my average on my ISA
The real money is made with the stick and hold not the in out shake it all about
You can stick that stress up your jacksie GLA
Over the past few weeks the general view has been that amc’s position is improving.If you skim the froth from the ten posts per day crowd It seemed as though we might get a small rise in the sp to at least raise a smile now and then.Well here it is,in the low 2’s.what a sham this market is.
As for charts,I think tea leaves in a cup may well be a more accurate guide.
MD
I’m not a chartist but two posts in succession have given totally opposite opinions. Which one is right?
This pullback is overdone now, the chart looks primed for a big move up. Cup & handle pattern looks very nice indeed.