Member Info for Carmzy

This will be my last post to this board as I am very much done with this company and their decade of falsehoods and failure and the happy clappers here who prop them up.

Why post at all? Because the SP falling below 10p is the death knell, the fat lady singing, the dead canary in the mine. That anyone would stoop so low as to try and spin it positive is a sickening combination of dumb and dishonest. If you're listening to that nonsense, then you deserve to hear reality too.

Warrants get exercised when the SP goes up or stabilisers above the agreement price. That's how the lenders make a profit and provide the funding to the company. When the SP falls below that price they do not get exercised, they expire worthless and the company DOES NOT GET THE MONEY. In short, it is an abject disaster for the company that needs that funding. That's why we saw desperate RNS with no new information as the SP continued to sink towards 10p. Those two RNS contained nothing but narrative - they even say in one of them that the RNS is primarily to provide positivity to the market!

Whether you buy, sell or hold at this point is up to you, but do so without illusion: this company is in considerable trouble, has not delivered a single successful project in ten years, has a history of claiming an RTO was in the works and then failing to deliver one and now finds itself with an SP below the price it needs to get the funding it says it needed to carry on as a "going concern". Beware and best of luck.

Lol "the CEO failed to deliver on an RTO therefore he is more likely to deliver one" - have you heard yourselves? Chadwick's cv is littered in failure, why do you think he ended up at AMG before the last CEO scarpered?

Funding instruments were arranged for an SP of 10 which the current SP is below. Do the happy clap brigade not understand what happens in such a situation? Warrants don't get exercised and the company DOESNT GET THE MONEY. Why do you think we've seen such desperate RNS publishing with no concrete news just as the SP threatened to sink below the requirements? I mean honestly you lot sit there attacking others when you don't even know how these things work!

That this company is desperate for an RTO lifeline is not in question. Their ability to deliver one is!

Why would a company rename itself after a mine it failed to acquire? Why would a company announce an "RTO" that turned out to be a competitive bidding process that they failed to win? Why would a company continue to post positive narrative with no concrete progress? So many questions all with the same answer: they want to keep diluting so they can continue getting paid their outrageous salaries!

It's particularly sad and weak to say that angry LTHs are part of some conspiracy to "talk the SP down", especially given the ten years of failure this company has delivered. Everything negative posters have said has come true and not a single thing the happy clap brigade has said has happened. The SP doesn't need talking down, the actions of this company so that all by themselves.

Smooth has been saying "pre-rto phase" for the best part of three years, how long's that phase? 😆

Then he says there's "nothing to suggest the deal will not go through" - what about:

1) the fact that most rtos complete in 3-6 months, 3 months for a micro cap and it's been 8 months since they announced this one and there is nothing signed and no timelines?

2) the fact that the last "RTO" this company announced ended up not only failing, but not turning out to be an RTO in the first place?

3) the fact that this company has made a zillion promises but not delivered a single success in ten years?

4) the fact that the company renamed itself after a mine it then failed to acquire?

5) the company claims a head office that doesn't physically exist?

None of that gives cause for concern? Making unevidenced fantasy claims that this "RTO" is "85%" likely to succeed doesn't make it real. On the contrary there's no evidence at the moment that the company is currently able to deliver anything - all we have is their very tarnished word. I mean right now the SP doesn't even meet their stated requirements!!

Yet the happy clappers continue to post their sunshine and rainbows. So I feel perfectly justified in reminding them that the last RTO was "progressing well" until suddenly it wasn't. And then it turned out to have never been an RTO at all but a competitive bid process.

But sure, you boys go ahead and believe everything this BoD puts out. It's not like they've failed to deliver a single successful project in ten years. Oh wait, yes they have. Ten years of raising just enough to pay their own wages while delivering nothing for shareholders. I mean why wouldn't you believe them, right lads? 😆

This update comes more than eight months after the proposed RTO was announced and still provides no firm completion date, agreements signed, valuation confirmations or shareholder timetable - all of which you would very much expect by this point especially considering that this is a microcap and that (in their own words) one that needs and agreement and doubts it can continue as a going concern if it doesn't get one.

For people to try and spin that positive is absolutely shameful. The lack of anything concrete after all this time suggests either delays and unresolvable issues behind the scenes OR (like last time and what I suspect) there is no RTO at all and this is a competitive bid process that the BoD does not have the funding to secure.

The drilling results are described in provisional language (“initial volumes”, “pending validation”, “expected to include upgrades”) and overall, the RNS reads more like narrative desperation than anything concrete. At this point EVERYONE should be worried, pretending otherwise is delusional.

"the purpose of the update is to increase confidence" - mission failed! I mean nothing says you haven't got an update than admitting the market isn't responding to your false narratives than explicitly saying "please have confidence, things are happen, really they are!" Christ.

A kindly reminder those that try to spin this non-update as positive: AMG need an RTO to happen to survive impending death. The only thing they have to offer is being on the market, the very notion that successful drilling outcomes sway decision making us laughable! The whole point of micro cap RTOs is they are a quick and relatively easy way for a company to get to market. The average micro cap RTO completes inside 3 months from announcement. Yet somehow after nearly nine months this one has no other update than "someone's done some drilling". Absolutely abysmal.

Dear oh dear you happy clap brigaders are getting desperate now aren't you? Trying to celebrate a holding RNS as though it were actual news?

Let me explain it for you nice and simple, seeing as you clearly don't understand how this all works: it's common practice for major investors and investment firms to take sudden 10%+ positions in microcaps that claim to have RTOs in the works - they do so because having a holding above 10% grants rights to information and data regarding the proposal, allowing a real assessment based on facts, not BoD narrative. It's normally a win-win situation for the investor/firm as they either get in on a potential profit or sell at a small profit, as their sudden buy triggers retail to go hoopla and follow suit.

We've seen that twice in recent weeks and both times the investment firms dumped all their stock shortly afterwards. Read what you will into that.

This (not an)RTO was announced in June last year. The average RTO takes 3-6 months from point of announcement yet seven months later there is no news on this one and it is still being described as "proposed" and "in discussion". Micro cap RTOs are supposed to be quick and easy!

Coupled with this company's history of announcing an RTO which then turned out both to fail and have not been an RTO at all, you have to question whether any of this can be trusted, or if it's yet more nonsense from a BoD who has a history of not delivering anything other than ways to keep paying their salaries.

Another non-update from this non-entity, clearly with an eye to further share dilution.

"Discussions" have been "underway" for more than seven years regarding this 10% stake in a Kyrgyzstany "potential uranium mine" and just like everything else this company has done in the last decade, absolutely nothing has ever come of it! This is self-evident by the market's total non-reaction to the RNS. They heard it all before this shower!

Last week smooth literally said "the RTO doesn't require any funding", this week he starts a thread with "RE: Funding in place for the RTO to complete"... I really hope nobody is listening, cause this bloke hasn't got a clue what he's talking about!

Happy clap brigade: this is all good news, were gonna be millionaires rodders!

Delusional and dishonest.

Speaking of burnt traders, how's that 25% increase to holding you supposedly made (in no volume) last week smooth? Looking good is it?

Anyone who's ever touched this company has been burnt.

"Long term view"? This company hasn't delivered a single success in ten years - how long term do you want?

The only people "spitting misinformation" here are the ones posting how wonderful everything is everyday on no news and accusing anyone who says anything negative of being part of some conspiracy. This company is a decade long epic list of failure. Even the company name change was made for a mine they then failed to acquire for petesake!

A 5m dilution and borrowing money to pay off existing loans, coupled with no update to the supposed "RTO" (in fact. The language has been rolled back significantly) and yet the happy clap brigade are out here saying everything is rosy. Delusional or dishonest the lot of them.

This company exists solely to fund the lifestyle of the BoD and has not delivered a single success in ten years. There's nothing rosy about it whatsoever.

Funny how the happy clap bridge continue to post multiple times daily on no news, yet never mention their "announcement window" - that was supposed to be last week wasn't it boys?

A bit like claiming to increase your holding by 25% when there's no volume whatsoever, the "announcement window" was yet more made up nonsense from a crew of folks who've been claiming this shower of a company was about to turn the corner for three years... Imagine being wrong for three years 🤣

Increased his holding by 25% yet we can see all the transactions and that aren't any over a token handful of shares. So either it's yet more nonsense from the leader of the sunshine brigade, or his holding is miniscule. Either way he's been caught peddling again.

I notice he hasn't mentioned what happened to his "announcement window" last week... Surprise, surprise. This company hasn't delivered a single success in ten years but he thinks he knows better!

😂 😂 😂

Where are the happy clap brigade? They've all gone very quiet since their "announcement window" was proved to be yet more nonsense! "Yeah but, not but, yeah but..." same tired excuses for years. Don't you get tired of being wrong?

Well that was some "announcement window" this week that the sunshine and rainbows brigade assured us would happen wasn't it? More made up nonsense from folks who don't know what they're talking about! Hate to say I told you so. Again.

"Not long now" though, ehy boys? You've only been saying that for three years. Maybe if you keep posting nonsense one day it will come true!

😂

Dear oh dear, the same rubbish day after day posted inspite of the fact there's no news. "Recycling stock" - abject nonsense. I honestly can't tell if this bloke actually believes he knows what he's talking about or just wants to sound like he does. Spoiler alert folks: he doesn't. He hasn't got a clue how any of this works and it's evident from the non stop daily drivel he's "recycled" for three years.

If there was any real belief in this "RTO" the SP would have gone up after the last update. The problem is, the last update was not good news at all - that's why the SP sunk. To infer anything else, based on FCA changes or whatever else is beyond delusion. Buyer beware.