Member Info for brookieboy69

My mistake 185k shares!! and already pointed out.

Sorry!

Wow - trade just gone through for £185k. Can't imagine that's retail buyers so could be institutions now buying.
So can see this pushing on further.

Announcement: Amur River Bridge Connected



Confirmation this morning about the connection of both ends of the Amur River Bridge.

According to local media, the authorities in China's Heilongjiang province have confirmed that the last steel beam of the Russian-Chinese railway bridge over the Amur River has been installed which means that the main span of the bridge has been connected. Full construction of the bridge is scheduled in July 2019 and is expected to be operational later in 2019.



Does this help Amur Minerals in terms of time and cost for shipping stuff in and out?

Loan restructuring and further advance



Amur Minerals Corporation ("Amur" or the "Company"), a nickel-copper sulphide mineral exploration and resource development company focused on the far east of Russia, is pleased to announce that it has extended the maturity date on the convertible loan facility (the "Convertible Loan") entered into with Riverfort Global Opportunities PCC Limited and YA II PN Ltd (the "Investors") on 13 February 2018, in an investment consortium arranged by RiverFort Global Capital Ltd., and undertaken a further advance.

Dear BoD

It’s been 6 months since “the completion of the sale of the Travel & Leisure Division will allow me and my fellow directors to concentrate our efforts to optimise the value for shareholders of the Group's project in Crete” was stated. So what’s the latest then please?

I couldn’t agree more. Sure there will be a cost, by why wouldn’t the BoD have the plot revalued (unless they’ve lost it)

AmurTigers I'd rather ask questions (what you call stupid) than be rude and ignorant.

Up 50%+, I'm being offered 4.2354p - is this just ramping? Seen it all before with AMC, as much as you see the de-,rampers. Untill I see this mysterious document, I'm tempted to sell half this morning (with the plan to buy back at 3p-ish).

Thoughts?

Delays must be because of an imminent takeover and probably on the cheap- 30-40p range. And then I woke up and it was all a dream. I won’t be buying any more at this point!

I understand the basic NPV calc, and the fact that a 50% discount might apply, so let's call it 70p. That's still one hell of a gap down to the current SP at 4p. is this discount really explained by:

- the Russian location
- the Russian political situation
- potential to not get funding, run out of cash and go bust
- impact of funding i.e. dilution
- fraud

Impossible to put a value on each, but 90%+ is incredibly large, even for these risks?

Language and presentation suggest the Travel business disposal is a short period from concluding, and hints at a price around £6m. This leaves the main Crete development valued at £8m. When we see the investment made in this part by an outside party in the next few months, MIN will be fairly easy to value and I'd suggest at a 3-4 times multiple of current SP.

Good news and I will add to my holding at this price.

A few observations from me, away from the petty sniping - Amur, like many small companies, has a risk of running out of cash. This is not new but the fact that recents announcements continue, around tieups with Russian companies to develop the transportation etc, give me confidence (although not 100% assurance of course). So for me, working capital is not a major concern - there is no doubt that we have valuable minerals. There is a very strong probability that we can economically dig them out and get them to market. So no concern there (unlike the situation here some years ago). So this risk has reduced for me - there could be further share solution - however, I don’t mind if I end up getting 80p rather than 100p. Tactically I am also topping up my holding at 3-4p so that my £ return is likely to be similar - main thing that remains Is getting the capital finance. PFS is a key step, but I want this to be a compelling PFS that captures the max value for AMC (including me). So I can wait and expect it in Q4 ‘18 Weighing this all up, I am still keeping my holding and increasing it by a small % when the price suits. Good luck to the LTH