Member Info for ART123

In 5 years!!!! This is bonkers. In 5 years the exercise price should be more like CAD$5.00.

Maybe this is a mistake and we will get another RNS correcting the option/exercise price to $5.00 CAD.

If not then the shareholders should complain and get this figure changed otherwise this gives no need for the directors to do anything for 5 years to get these shares.

This is stupid and not the way stock options work.

I thought that share options for directors were always set at a much higher price than the current SP to encourage the management to overperform to get the share price to rise to a new higher level.

This issue/exercise price is stupid. And how can the BOD approve such a ridiculously high amount. Surely unless the exercise price is $1 or even $2 then it needs to have either independent or shareholder approval.

The shareholders should complain and get the price reset at 2,3, or 4 times this amount.

Typical of this shambolic management!!!

Maybe it would be a good time for the President and CEO to do a podcast - maybe with Zac Mir this time and for a proper length - say 30 minutes - during which he can gives us info regards when a CPR may be due.

Maybe even an evening presentation as he seems to have plenty to be talking about now to shareholders and investors.

Sp28

Okay I've found him now. How long has he been on the board?

Thomas Bowens, Non-Executive Director
Thomas Bowens is a certified professional geologist with over twenty-five years of international experience in the minerals exploration industry, and has spent the last nineteen years based in Mongolia (1998-2006) and Russia (since 2005).

Sp28

Who is Thomas Bowen please?

Let's face it they are not going to be able to sell a $30 Billion in-ground value asset for £100 Million. Someone else will want it and the price will go up. That's just being silly.

EUA only went up to 3p/4p when the For Sale sign first went up. Later, still without any confirmed offers, it hit 30p/40p.

That could well happen here - even allowing for the poor management here compared to EUA.

Obviously they should just put the For Sale sign up - as the management did at EUA - and see what value these two highly in-demand metals attract.

I see that AMC refer to it as an In Ground Reserve Value rather than an asset value.

I remember the day this rose from 3p to 15p in one day back in 2009. That was in response to an In Ground Reserve Valuation - see link below. Nickel was at $20,000/ton back then and Copper at $6,200/ton. The increase in In Ground Reserve Value is due to the 4 times enlargement of the JORC asset.

https://www.investegate.co.uk/amur-minerals-corp--amc-/rns/reserve-update---us-6.9bn-val/200908200700047238X/

30 June 2021
AMUR MINERALS CORPORATION (AIM: AMC)
Kun-Manie JORC Resource Update
1.3 Mt of Nickel, 0.37 Mt of Copper
Amur Minerals Corporation ("Amur" or the "Company"), the nickel-copper sulphide exploration and resource development company focused on the far east of Russia, is pleased to announce RPM Global's ("RPM") 25 June 2021 update to the Mineral Resource Estimate ("MRE") for its 100% owned Kun-Manie project ("Kun-Manie").
The MRE update includes all existing drill and trench results. The resource is contained within three deposits identified as Maly Kurumkon / Flangovy ("MKF"), Vodorazdelny ("VOD") and Ikenskoe / Sobolevsky / Kubuk ("ISK"). Based on a 0.3% nickel equivalent cut-off grade ("COG"), the global JORC ore tonnage has increased by 19.2 million tonnes ("Mt") (12.4%) to 174.3 Mt, by 156,000 nickel tonnes (13.5%) to 1.31 Mt of nickel (averaging 0.75% nickel) and by 53,000 copper tonnes (16.6%) to 372,000 copper tonnes (averaging 0.21% copper).

1.3 Mtons of Nickel @$22,000/ton = $28,600M
0.37 Mtons of Copper @ $9600/ton = $3,550M

= $32,150 Million

I've never known a share with as many posts as this one, most of which are positive, with a share price that is so stuck, so underpriced and so unwilling to move upwards. It's as if there is a huge Loan Note holding it back but there isn't one here.

Hopefully at some stage the selling will die out and some sort of a rerate can happen. In the meantime it's just depressingly boring.

It was a struggle today, falling as low as 31.25p before the Canadian market opened and pulled us back up.

r e t a r d e d

The Canadian market is up again, thank goodness.

Since this 'significant discovery' was announced the LSE has been nothing short of ******ed. If it wasn't for the Canadians we'd probably still be at 20p.

On the first day Canada went up by 75% and all we managed was a measly 15% and it's been no better since. Our market responded a little to their first rise but then couldn't wait to get back down. It's quite embarrassing really.

The Canadians will be over the moon that the LSE looks like it is finally going to let the SP rise.

I see that 88E is rising fast these days, despite 14,800 million shares in issue, which is nearly 3,000 million than during their 10 bag spike of 2021.

Does anyone know whether the management have mentioned that a CPR is in progress - or is that just speculation at the moment. Cheers in advance.

On Monday, post huge announcement, the share price struggled up to 31p before slumping and closing at 23.25 (up a measly 15%).

The Canadian market then saw something the LSE couldn't and rose by 75%. That led to a 40% rise here on Tuesday but it has fallen back for the last two days.

There is something about this discovery that the market isn't getting excited about.

Looking at what has been happening in this country with regards to gas and oil exploration licences anything is possible.

Certainly nothing is going to be certain until the permits are granted.