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Been a long term sufferer holding physical AG - I know you get a premium over spot for coins/bars but given the debasement of the $ in the last 10yrs one would have hoped for a better return by now. We touched high $40s an Oz in 2011….
Given the obscene paper market weighing against Silver and Gold do we think that the gold backed BRICS settlement currency may break us out of the doldrums if adopted ? If gold goes up we tend to tag along - which currency we could cash in with is an interesting question if a viable $ alternative emerged
QE to infinity for all currencies cannot be the future - digital central currencies fill me with 1984 style dread - surely some basis of value must return to currency markets rather than the QE shower we currently get hosed with - debasement of currencies has always proceeded the collapse of empires
Buy ? Sell? Hold? - all thoughts welcomed !
Evening everyone
Some of you already know about the telegram group for AMC - currently there is an effort to collate shareholder numbers to form a group of at least 10% of the outstanding shares in order (to try) and get better comms for us long suffering shareholders with a bit of strength in numbers
Currently had pledges of around 72m or 5.5% of the shares.
The aim is to get 3-5 representatives of the 10% to approach the board with our mutually agreed concerns and request clearer communication channels (amongst other things)
I know we cannot post links here but the app is easy to download and the channel easy to search if anyone interested
The Russians will not want millions of potential tax revenue being left in the ground due to AMC not having the monies/capacity to get into production - this is why I think AMC will be asked to sell to a big Russian miner in short order (Thursday 2nd announcement is my hope….car needs a MOT) :)
Russia is a touchy place - as a western business you walk a tight line. AMC probably want to ensure they are whiter than Siberian snow - clarifying the funding process to ensure they do not create a false narrative on Government monies would be prudent thing if you are in the spotlight and need their help in the future.
TEO in 4 months before everyone thought is still a positive !
This feels like it wants to go - given what we have, the current EV craze as well as the debasement of the dollar I think we should be sitting at 6-7-8p whilst we waiting on the other issues we have discussed for the last (feels like) 100yrs
Fully agree - this is the BoD biggest issue
They always seem to never address matters head on in plain language - AH was a real tonic in that regard as his interviews gave the shareholders a real lift with a clearly articulated plan
Come on RY - tell us the whole picture - we know the resource is good but AIM is much more about confidence in the BOD’s ability to deliver the goods when they say so
Thank you
A placing is one thing however you have alleged far more serious issues as I listed below
Do you stand behind all the claims you have made or is the placing the only thing of importance as far as you are concerned ?
Robert Jones - thanks for the warning
Just so I am clear - I have to sell because
1. The company is going to lose its licence due to new laws and Russia deeming the asset strategic
2. A placing at 1.5p is incoming (which is already forward sold) of 200m to knock the share price - does this assume that the nomad is unaware of no1 as they would be perpetuating a fraud if they did?
3. The proceeds of the placing (circa £3m) is purely for the benefit of Adam Habib and Mrs to buy a stake in another investment which will not be (?) beneficial to AMC shareholders (like NRR is in your opinion?) and this money is also to pay board wages in what is simply a lifestyle business - prior to loss of licence of course
4. Multiple Bod controlled connected spv’s/ltd companies are going to switch any assets into these businesses and leave shareholders with nothing - assuming they have any assets after the licence is revoked ?
5. There are two Amur Minerals in existence which will do the same thing as no. 4 - again assuming same as above
6. Only You know all the above because you understand risk management and also know certain people who have informed you of the above
Any thing else I have missed from your recent postings?
In the normal business world you are right - JF should of stopped supplying them oil until monies paid (with interest) however this is the Wild West - if JF did that the KRG and vested interests would of pulled the licence and put GKP out of business and then awarded it to a “compliant” company - GKP did not have the financial muscle to risk it
Hedge funds don’t have more info as that is insider dealing
What they have is other people’s money to **** away with little or no consequence to them
Need more regular updates from AMC and couched in unambiguous language now we near the end of the phase before financing/JV(?)and plans for production assuming the regulatory side is taken care of properly (it will be imho)
NRR is a big tick as they now have a income however the PR is Ratner levels sometimes
Need the BoD to earn their pay which is not softball interviews with paid promotions !
Happy Xmas all and 2021 will be our year ......
You shameless fraud - copy and paste !
As Urals you posted the same rubbish 5500+ times - not to mention the other 25,000+ posts under other avatars
ALL OF THEM WRONG
But don’t worry people - this “professional” says a sale will be agreed in days.......
Because accepting an offer is not GKP’s shareholders decision to make - its down to the KRG
They own the oil
They control the licence
They set tax’s and payment fees
They are the only permitted customer
They can pay what they like , when they like
They are in a perpetual argument with Iraq about who owns/owes monies/oil
They are corrupt kleptocrats who steal billions whilst their population struggles for basic necessities
Understand that and understand what GKP is really about
It’s a feudal system out there - they hate the west and don’t care about our laws - only how they can enrich themselves
He’s a real person - his Facebook page was distributed before on line (before disappearing) - I expect any assets are on the wife’s /children’s names. Usual tactic of the dishonest
Once this plays out and the useless FCA produce a minor wrist slap then the game will begin again
Trends are fine if the company model remains basically the same - a company like coke a cola for example
Events shape share prices when companies are in their infancy so you must look at what is to come before relying on trends. Been in AMC for an age but the last 12 months has seen a significant de-risking and we appear to be finally in the right place at the right time - NRR is a bonus
2-3 big announcements before Xmas around TEO and resource update along with a binding off take will see any trend obliterated (as we saw in 2010)
GLA
We know there’s been a double/triple company murder. The perpetrators have been all over the internet and social medial and WhatsApp boasting of, & trying their best to justify themselves. The useless morons at the FCA will take a few more months to conclude what we have all known for years
There will be some meaningless censure and a fine and then the cabal will look for their next victim when out from under the spotlight - a burnt out shell resources company with an obscure listing perhaps ?
I did Wonder if they will try the fad of Blank Cheque firms which have had a couple of high profile IPO raises. Richard “snake oil subsidy” Branson raised $480m so I’m sure AE and his chums will feel they can get a few % of that number if they tried ...
Fire up the WhatsApp group and dust off the religious posts ..