Member Info for CPFC84

What will be key is when cash starts to flow back to AMC. I am hoping NRR have access to cheap debt so repayments, dividends and investment in capital can all be accommodated by operational profits. Time will tell. My hope is that all shareholders want a mix of all three and run the business was accordingly.

"The CLNs will have a 14% coupon, paid quarterly, and will be convertible at the holder's option at any time from issue until 15 days prior to their maturity date on the third anniversary of issue. Amur's CLNs will be convertible into 19 per cent of the current issued share capital of NRR."

I may need to re-read the RNS, but to me it implies AMC can convert when they want to.

I don't know much about technical analysis. What I am looking out for is the CLN being converted to a 19% share of NRR. I believe private investors will take confidence from this that they will not be diluted to a great degree in the short to medium term. When the placing over hang has gone, along with this, I think the price will drift upwards. The price of iron ore staying where it is will help as well.

Are you not worried about the funds that need to be paid to Kansai soon?

As a former mug punter who purchased shares here, it would sadden me if any investors, especially newbies, put their hard earned money here. I appeal to anyone looking at this not to buy. If you don't believe me look at the RNS over the past 5 years and the story is clear. If you are down here cut your losses and get rid of the shackles this dog of a share has over you. When I sold it was like the lifting of a prison sentence. Put it down to a very steep learning curve and don't let your savings be determined by the track record of Mr Bell.

Every now and then I wonder if things have changed here. Appears not. The only business model here is to run up 'admin' expenditure for the benefit of the management team.

For anyone who still holds, my deepest sympathy to you, and I hope you find the strength to sell and rid yourself of this miserable financial experience.

I find myself her after a few years after selling, only because my gmail has been spammed by an RNS announcement. Nothing changes it seems. I would urge you to sell. When you do, mentally, it is like a prison sentence being lifted. You will be gutted you made such a loss, but you won't realise how much holding crap shares hold you back until they are gone. Best of luck to all locked in holders whatever you decide to do.

Seems a bit overkill on a 10k sell. Are there going to be late reported sells in the background?

Looks like another 100k shares purchased, and BID up to 12.5p. Seems to be creeping up slowly but surely.

However you all have my sympathy. Gutted for all who have lost money here, especially those who went in too deep and needed the money back.

My sympathy to all those who invested here. Gutted for you all - was not aware of this company until mentioned on another BB, but good luck to you all with your finances :-(

Not adding anything to the excellent research and analysis of oldstockbroker and others, just saying I have some of these and trying to arrange my finances where I can buy more. Things I like (1) Share buy backs is great safety net for us all (2) Operates in a boom area geographically (3) Lowly geared (4) Professional and informative website. Quite a few companies recently where I did not invest purely because the information I wanted wasn't clear or not available. Only risks I can see are regime based, but that is probably based on stereotyping rather than reality.

Yeah big Palace fan. Who's your team? I only noticed CLI due to the amount of director buys on investegate. Looked into it further, only bad point is the gearing is high, but guess that is the nature of the beast for a company in property / rent.

Surprised this board is so quiet. Any other holders out there? I like the fact S Mortstedt keeps buying, shows a lot of confidence for things to come.

Might more be a way of saying the cash position is comfortable despite loan repayments, etc. However a silly way of doing it. Would rather the buy backs ceased forever and a dividend be declared. Will continue to watch with interest, see if I can pick the bottom.

Can't believe it's so low. I guess the low mine life and wait for production is keeping it down. If I can ever get out of BHR and AMC I would like to buy £5k's worth here. With less than 100m shares in issue, market capitalisation of only £25m ish and decent project figures I'd have thought this could be a x2 or x3 multi bagger by the end of 2011? Would anyone disagree or are there more causes for concern other than the low mine life?

Looks like this is a consolidation.

I have been watching the debate on this board btw TBG1 vs Everyone else for some time now. For what it is worth TBG1 has a point, MCR were only able to get placings at a 50% discount. To me that means they are already finding it hard to get finance in place, and will continue to do so for the near future. However MCR do have assets with good potential, so to completely rubbish the company is somewhat harsh, even though the directors do not have any holdings in MCR. For what it is worth, I put about £400 in here when I saw it dip 40% the other day. Thought it was worth a punt, it's not going to bankrupt me if I am wrong, but might be a nice return if sentiment returns. For that to happen MCR BOD need to restore trust with it's shareholders. I do think both sides are not balanced in their opinion though... Oh and Illhavesomebhr, nice to see BHR beginning to turn the corner, even if the sp is not reflecting the progress they have made on Moz. Wonder what the hold up is with Tas licence though?