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Personally i view mining stocks who are exploring, awaiting licences and uneconomical at their current commodity price as high risk.
With TK financing all but approved, a supportive government, a strong commodity price and not a complex mine construction, KEFI for me is low / medium risk with enormous reward (and this is ignoring saudi)
If the sign off RNS were to land Monday morning there will still be posters saying HA will never get it done.
The end of May is obviously the deadline agreed by all parties to get financing resolved.
With the credit committee approval granted last week, the final signature could occur at at time
15 working days left :)
Tomorrow is a ..... Wouldn't want to be out for the weekend ".... Lol
For those posters stuck in the past, looking backwards.... You do realise that this is now passing you by don't you?
:)
Worth remembering TW's comments re TK farm in and the cash that it would generate to advance Saudi.
Coupled with previous RNS and discussions with interested parties, future raises may not be necessary
Its fantastic news and highlights what a good time it is to take a position in this company.
Re-rates looking great for the short medium and long term
It's not about the Fear Of Missing Out (FOMO) anymore.
Within 3 weeks we will have Financing sign off and a significant rerate to the share price.
There is a real possibility of a sustained double / triple bag in the next few weeks and then further gains through towards production.
..... And this isn't even considering a farm in or the Saudi assets
Only a matter of time.
TW's bearcast filled in the gaps and provided pretty important additional info that the RNS didnt include.
Smellyben,
I have no intention of selling. My plan is to enjoy the re-rate from here up to and following financing and hold well into production. Simples :)
Only 3 weeks to go (could be 2 if TW's flippant comment towards a poster in his Bearcast happens)
As TW mentioned, for todays RNS to have been put out as it was, the Nomad would have seen the supporting evidence of the dates and validity of information.
I wonder if the funding and saudi update will occur in quick succession to give maximum effect of rerate
According to TW he was sitting on insider news re 2nd bank from HA
2nd bank was sitting on final credit committee meeting last thursday and it went through.
Everything passed bar formal sign off of loan, probably before end of the month
TW bearcast ..... "If you can't see that the project is over the line .. you need to get to Specsavers"
Luv it :)
The last placing was a surprise, however, the company now has circa 5m cash and is stating sign off within the next 17 working days at which point the share price is going to rocket.
Once finance is secured, mine construction underway and strong saudi assets involvement i think KEFI becomes a strong takeover target prior to production
An extra 10% .... whats not to like :)
With everything on track for financial close within the next 3 weeks and project now launching the days and weeks ahead are going to be exciting
Quite possibly something will be released very soon.
Looking back at yesterday's RNS, it does appear to have been a cleansing exercise that would be necessary before an RTO.
Not really any other reason to have released something so out of date
Fwiw, this is my latest email from earlier today
FAO:
Amur Minerals Board of Directors
Amur Minerals Remuneration Committee
Richard Morrison (S.P. Angel)
Adam Cowl (S.P. Angel)
Good morning,
The RNS on the 3rd March stated that the company expected to be in the position to issue the RTO Admission Document before the end of April 24.
Not only was this RNS issued the day before de-listing was due, it mentioned a Head of Terms Agreement signed months before which had not even been notified to shareholders.
It is now the end of April and there has been no Admission Document and no update on progress.
I have emailed the company and nomad previously with respect to the below points, none of which have ever been acknowledged or responded to:
Reduction in Director Salaries & Fees due to reduced work since sale of Kun Manie
Notification and cancellation of future voting rights for the huge share purchase prior to suspension (over 3% threshold) that was never notified
Missed corporate mission statement RTO date
Missed Kun Manie sale RNS second dividend distribution
No appropriate RTO available
With the sale of Kun Manie completing over 13 months ago and AMC having limited cash, the directors salaries / fees over this period far outweigh the current and any future value in their shareholdings.
It is therefore my belief that the directors and shareholders interests are clearly not aligned and that it is not in the best interest of the company to be spending substantial amounts of limited cash searching for an appropriate RTO which clearly does not exist.
Should a shareholder vote on the RTO occur in the near future, I ask that shareholders be given the option to clearly vote on the winding up of the company and distribution of the remaining cash
The lack of engagement, responses, updates and adherence to deadlines has gone on long enough. I will therefore be looking at the options available to me to preserve and return capital.
Kind regards
.....
It is why I am trying to press the company to state that should an RTO not be approved the company will be wound up, therefore giving shareholders a true choice when voting
Also why I am now looking into how a shareholder can have a company in the BVI wound up