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Tiny m/cap of £15 Million - they could have a bigger m/cap with an asset acquire for a few hundred thousand $'s and some quick drilling.

The management have got too used to this one asset business. They need to do some work on a daily basis for their large salaries.

It's no good the management sitting around waiting to acquire a new asset for tens of millions of dollars which may or may not happen. Assets such as those held by GGP and SOLG were acquired under duress for low $100,000's. They need to get on and do something.

In retrospect........

I retrospect this is probably something that could have been brought up by the PI's who attended the GM yesterday.

The management have virtually switched off here, even though it is not looking very good for the long term prospects in Russia.

Instead of moaning or looking glum about how unlucky they may have been, surely it is time to get on the acquisition trail and find something that could created real value here. Look at GGP, SOLG, and many others particularly oilies - all companies that re-invented themselves and found huge new assets that have added huge value to the share prIce.

If the sale had been voted through, which we know it was not, then AMC would have become a cash shell and they would have needed to acquire new asset(s) to maintain the listing.

Maybe a good idea would be for the management now to acquire one or more new assets, especially while they are relatively cash rich, and then if the sale goes through, or not, or if things go belly-up in Russia, or whatever, then they at least have an asset. The requirement would obviously be to acquire something in a nice safe environment.

There are lots of prospects being acquired all the time in Australia, from pure gold to copper/gold to copper/nickel (which is where the management expertise seems to lie).

Lots of posters were ****ging off Robin Young, though the general consensus amongst those that attended the GM yesterday was that he should stay, but at least if the company go ahead and acquire further asset(s) that will at least give the BOD's something to do and to justify their no doubt large salaries.

Just an idea.

I've seen that a lot before over the years on various shares. Pre-open shows a much higher share price. Then news comes - here it could be the TEO, or an improved offer, etc - and all of a sudden that higher price that showed up unexpectedly is the day's share price. 4p!!!!!

It might be a good idea if RY put the information that was given out at yesterday's GM about the TEO to the handful of share holders present and as relayed by them. This will let the market know exactly what is going on and when it may realistically be expected.

Well with the TEO imminent according to Robin Young at today's meeting I doubt whether any buyers at 1.40p today will be too worried or at risk of losing any money.

Quite, because there are a lot more voters who could turn up to vote No (these being PI's) but it appears there are probably not a lot more Institutionals around that didn't vote Yes today.

$105 Million was a low offer anyway. The original speculation RNS gave an indicative price of up to £100 M - which at the time was up to $135 M though the exchange rate £'s v's $ has fallen since then to the current $125.

At least any potential offerer knows not to try it on with some stupid low-ball offer.

If you think about it the shareholders rejecting the offer is very little different to the BOD just rejecting it without going to the shareholders. This isn't over with this buyer. If they really want to buy the asset then they will have to either make a bigger offer or offer a lot more as up front cash. This could be 2p, 3p, 4p overnight.

Back to 2p????

Maybe the buyer will come back to AMC and offer it all in cash - that might just get a Yes vote!!!!!!!!!!

That is a big No vote - so that deal was a mile off.

The buyer may come back at AMC and offer to pay more cash up front - possibly a lot more!!!!!!!

Looks like someone has been profit taking already - though in a negative manner.

12661 shares bought at 39.49 at 8.16
12661 shares sold at 38.551 at 8.25

Someone is a bit hasty I think. If you look at the chart this usually rises for several days at a time and the share price is at a low as of this morning.

I'm sure if Zak Mir was on to this he would be pointing out all sorts of moving averages and resistance/support points but even to my limited chart interpretation skills this looks good for a short term rise.

That should say "The contract is expected to be delivered in 2023." While the January contract was due to be delivered in the current financial year as the financial year ends on 30th September then that is probably why it will fall into next year's figures. It may well still be completed within this calendar year.

NEW CONTRACT AWARD

Tekmar Group (AIM: TGP), a leading provider of technology and services for the global offshore energy markets, is pleased to announce the award of a significant new contract to provide an integrated engineering solution, including Cable Protection Systems ("CPS"), for an offshore wind farm project in the US. The contract is expected to be delivered in 202

Alasdair MacDonald, CEO of Tekmar Group, said : " This landmark contract award strengthens our position in the US offshore wind market and represents an important milestone in expanding our geographical presence, a key driver of our growth strategy. The contract builds on our encouraging recent contract momentum, including the Dogger Bank Wind Farm, and highlights Tekmar's range of in-house engineering capabilities to address complex engineering challenges and de-risk cable protection projects. We look forward to delivering on our part of this project. "

Funny that but the last significant new contract they announced on a special RNS on 13th January 2022 was "for a value in excess of USD 10 million".

Should this be worth less? The earlier contract was in the Middle East. This one is in the USA.

They have cash now with the recent placing at 45p and the share price in January was mid-50p's.