RE: Interesting Day Tomorrow ?30 Apr 2024 20:38
Fwiw, this is my latest email from earlier today
FAO:
Amur Minerals Board of Directors
Amur Minerals Remuneration Committee
Richard Morrison (S.P. Angel)
Adam Cowl (S.P. Angel)
Good morning,
The RNS on the 3rd March stated that the company expected to be in the position to issue the RTO Admission Document before the end of April 24.
Not only was this RNS issued the day before de-listing was due, it mentioned a Head of Terms Agreement signed months before which had not even been notified to shareholders.
It is now the end of April and there has been no Admission Document and no update on progress.
I have emailed the company and nomad previously with respect to the below points, none of which have ever been acknowledged or responded to:
Reduction in Director Salaries & Fees due to reduced work since sale of Kun Manie
Notification and cancellation of future voting rights for the huge share purchase prior to suspension (over 3% threshold) that was never notified
Missed corporate mission statement RTO date
Missed Kun Manie sale RNS second dividend distribution
No appropriate RTO available
With the sale of Kun Manie completing over 13 months ago and AMC having limited cash, the directors salaries / fees over this period far outweigh the current and any future value in their shareholdings.
It is therefore my belief that the directors and shareholders interests are clearly not aligned and that it is not in the best interest of the company to be spending substantial amounts of limited cash searching for an appropriate RTO which clearly does not exist.
Should a shareholder vote on the RTO occur in the near future, I ask that shareholders be given the option to clearly vote on the winding up of the company and distribution of the remaining cash
The lack of engagement, responses, updates and adherence to deadlines has gone on long enough. I will therefore be looking at the options available to me to preserve and return capital.
Kind regards
.....