Member Info for brookieboy69

Why is everyone so grumpy? News is imminent and, with a bit of luck, we will be a bit closer to the prize with this stock.

So let's get back to revealing announcements on Russian websites, comparing views on AMC, or sharing Qs to put to the Board.

Good luck to everyone, and hope this will be an Amur Xmas.

I’ll go for 31 Dec, but I’m not specifying which year.

Made a couple of small purchases this morning at 8:15. Neither showing on here - thought this website combined trades from all places? If not, then we may be only seeing part of the daily story (for good or for bad).

EGM for a Russian investment being held in Salisbury?

But our greed still keeps us invested Joe?

I do share the frustrations vented by a number on here. Why don’t we, as collectively significant shareholders/owners of the Company, compile a list of questions we want answered by the BoD in an RNS? We can collate all Qs on here then refine to say the top 3. Request an announcement by 31 Jan.

Suggest disclosure of the detailed 2018 drilling results is one of them.

We may need to honestly declare our AMC holdings so that the significance of our joint position is understood by the BoD (rather than just being part of a nominee position).

Permanent Conditions TEO Update

I'll go for Jan 16th at 7am, but I'm not saying which year.

Hope you all have a prosperous 2020

Only 6 working days to give us a Q4 update. What are the chances of this actually happening?

My guess £10-20 in next 12 minutes

I suspect that the Asset Manager has bought these shares on behalf of their funds that have Bank of NY as Depo/Custodian. Someone like Blackrock, into one of their Mining funds, would fit the bill.

From AIM listing rules "An AIM company must issue notification without delay of any relevant changes to any significant shareholders"

I don't think many people would debate that this week's share issue was of a "significant" size. I guess AMC have met the rule requirement via this week's RNS, but you would normally expect the significant new shareholder to be named.

Not sure that's true - they are bound by LSE AIM listing rules (wherever they are registered) I think (although that may not be much comfort).

The fact that I can get an immediate quote for almost 2m shares, is a really good sign i.e. many large buyers must be out there. Have only seen this rarely with AMC over the last decade.

Think I've got it - this is simply record keeping as part of WIM being replaced by 2 new IMs; Blackrock & Park Hill (see link below). Perhaps Link is fronting this by name, but Blackrock & Park Hill are the ones deciding how & when to sell the assets.
So in conclusion, no RENE stock has been sold on the market, and no change in beneficial owner (it's still owned by WEIF).

https://www.thisismoney.co.uk/money/markets/article-7580743/Savers-frozen-second-Woodford-fund-charging-fees.html

I'm not sure that's true. Link have always been the ACD of Woodford Equity Income Fund (WEIF). Nothing has changed in this regard.
Woodford IM, however, have been replaced as investment manager, by Link, on WEIF.

That's probably not helped with the RNS, that I am still puzzling over, but the above is true!

I'm a LTH, but agree with many on here. This update actually contains very little, and do I have faith in Dec 2020?
As the owners of the company, we deserve much more detail on a number of things.

A poor show Robin.

Rene_to_40p: how do you know that Woodford has been selling?

What a wonderful day.
My message on 11 Jun included "So I think selling pressure will continue, further compounded by those evil short sellers, well in to the Summer. Therefore I would wait (probably sub £2) before investing.". Not everyone agreed with me at the time, but it was about right.

So if you got in below £2 I'd say that was quite wise, but volatility will continue (I still think that Woodford has plenty that is will HAVE to sell) - just sit it out like I'm going to do.

I suspect that Woodford still holds a number of RENE shares, say £10m in his Equity Income Fund alone (based on 10 weeks ago). However, that vehicle will come under enormous selling/redemption pressure when it comes out of suspension, and stocks like RENE will have to be sold. In fact many stocks will have to be disposed, or significantly reduced, ahead of the suspension being lifted - he can't afford to not have enough "cash" a 2nd time.

So I think selling pressure will continue, further compounded by those evil short sellers, well in to the Summer. Therefore I would wait (probably sub £2) before investing. The counter-argument is that this share could produce block-buster news at any time - not only is this clearly immediately good for the SP, but it will also deter the shorters.

Very interesting times - and for genuinely long-term investors like me, I will remain invested and just observe the gyrations.