RE: 're very disappointing5 Mar 2021 10:53
I'll say this quite honestly (I have a very small holding here, it's part of my high risk, high reward bucket).
The last RNS was actually pretty insightful, and told the market a few things. The one major takeaway is that this is all going to take a veeeeeery long time. This share is bottom drawer stuff, and it still may not come good. The main avenue for capital will likely be a sale (the money needed to build a mining venture of the scale we are talking about here, is absolutely HUGE. Think Sirius Minerals, but ten or twenty fold.
My guess, is that they will drop a big funding RNS at some point, and talk about debt raising... but which will eventually be an equity raise or two, to see us through to a sale to a Russian firm. This is text book junior mining stuff.
This really could be an incredible venture for the right company, but Amur won't take it all the way to operational status (we are an exploration company primarily).
my two cents.