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I didn't vote Crazy.
I do hope, not for your sake but for all the people that have invested in this Co., that Robin Young can turn things around and we all end up with a fair value pay out from this, but currently I, like a lot of others, am starting to get concerned.
At the end of the day CT you know no more than the rest of us, you can't paint over those cracks forever.
CT... (your statement)
'Its all very well PIs looking to blame the BOD, demand answers and request a re vote when quite frankly it's our own faults for not mobilising and voting.
We have caused this current problem and I hope it can be rectified. Blaming AMC for past issues is just a cop out when the vote was all about looking forward.'
Sorry mate, WRONG !!
Not just recently but for last several years we have been lied to, treated like mushrooms, promised things that never happened without explanations, and the positive things that have come through invariably turn pear shaped. The culmination of which has now built up into a total mistrust of anything they choose to scantily throw us.
Only a few weeks ago, Adam Habib's interview with Zak Mir, Mir was foaming at the mouth with the excitement of the payback from NRR, the idiot couldn't have got it more wrong if he tried,
quoting that we'd get the Gross figures from sales paying no regard to the cost of sales or the fact that we'd only get (eventually when we convert)(now) 13.4% of it. And, totally ignoring the fact that until we do covert we would only earn 14% on the loan, paid quarterly.
But, what did Adam Habib do.... he agreed with the fool and also egged him on !!
Sorry but the buck stops with Robin Young, and until he can start telling the truth about what's actually going on with this Company all sentiment is lost. If he doesn't come up with 100% truthful facts very soon, AMC could end up dead in the water, with only him to blame.
Is this what I want NO. I hope this oversized BoD can prove they are worth their money.
AIMO
MD, if yesterday's news was positive and the SP went up 50%, they would have already issued a RNS stating 'We know of now reason why the shareprice ....'
I'm afraid their PR is a shambles, just like the way they run this Company !!
Crazy, at the moment it doesn't matter how much you try to polish this turd, it is still a turd.
It's no good telling everyone how many millions of shares you have and how they can influence the voting, because, if the next few RNS's aren't positive, you are going to wish you didn't hold quite so many.
I too have supported this Co. for well over 10 years, at the moment, I'm seriously starting to wonder why.
This BoD never cease to amaze me, at every juncture the have an amazing ability to let the shareholders and themselves down.
I actually thought that by the end of the year we would have turned the corner and heading back up, now look at the mess again, w*nkers. !!
As for Habib.....snake oil salesman !!
Let's face it, a bit more business acumen along with good PR over the years leading up to where we are now and we could have had several 100 million shares less than we currently have and a better SP to boot.
Yes Robin Young, you have cost some loyal supporters a very good pay day here !!
True, but the second time he mentioned funding he did go on to explain how we get it.
Cobalt...
There is a quarterly interest payment on the $4.67m annually 14%, roughly £126,000 per quarter 1st full payt will be paid early Jan '21
Sorry for previous double post !.
Re: Presentation
Did anyone else pick up on the fact that RY twice mentioned funding from FEDF when talking about the TEO submission. 1st time just after 9mins when he referred to getting the acceptance from Russia after 3 to 6 months he first says funding and quickly changed tack, and later in the interview about getting a percentage of overall project costs in funding namely for the road and powerlines. So it seems the TEO will unlock Russian funding.
Get it done Robin !!