RE: Shareholder Presentation thoughts27 Nov 2018 12:14
I wouldn’t argue with any of the points made about last night’s presentation. It was good to meet up with fellow shareholders and I’d echo the thanks to Robin and Paul for their efforts.
As ever with Amur you either believe that so much is happening but you can’t be told, or you don’t. The complexity and enormity of the task is evident but personally I do think our patience will be rewarded.
The manner in which the ‘going concern’ issue was dealt with was reassuring. As an accountant I appreciate why it had to be there, as a shareholder I was reassured this was more of a technicality than a statement that further funds would not be found to keep us moving forward. Indeed, at the end of a long conversation about future Nickel prices, dual pricing etc Robin’s comment of ‘we can wait’ was illuminating.
Robin would not be drawn on any specific date for the PFS other than Q1 2019 and I don’t blame him. One or more third parties pulled the rug from under him to scupper the Media week and he made a number of comments about how certain parties are slow and methodical in their work/analysis. When it comes though I have no doubt, personally, that it will be accompanied by a raft of further news/RNS’s on or shortly after the date of publication to join up some significant dots.
Timescales to production are too optimistic, ‘probably’ the dates currently mentioned are unrealistic. Not a surprise and not too bothered about that myself as when the ducks are lined up the impact on the share price will outweigh any issue about a missed deadline quoted pre-pfs. On that point of deadlines, Robin did undertake to inform us from now on, in advance, if a deadline is going to be missed. God help him if Q1 deadline was missed but I doubt he would have said that if he felt there was any likelihood of that happening.
Overall worth the effort to attend and I do hope this is part of a series of meetings that can contain more detail as we move forward.