Member Info for Crazytowner

BlackRhino,
You say hedging their bets and that's fine, let's not forget that the answer clearly added that it is dependent whether the company is in a close period or not

BlackRhino,

I asked that question because of the confidence that the board and senior management must have in the project (as well as preserve cash) to have done it previously.

My interpretation of their answer is that the same individuals who participated before are not receiving salaries, but at a later date will choose whether to be back paid or receive shares

I asked this question in the way that I did in order to find out whether there is currently something being worked on that the shares will be required for or whether they just wanted the shares in their back pocket in case something comes up.

Everybody will have their view of the answer, but here is mine and how I arrived at it.

As a shareholder of AMC, they were duty bound to answer my question as it directly pertains to the EGM resolutions, specifically what the shares are to be used for.
The beauty of being invited to ask by email is that the questions can be very specific.

If they didn't answer it, then it would be obvious that an NDA is in place, so they couldn't do that, especially as I had published my questions on the bulletin boards.

I didn't expect them to be able to say yes, hence the avoidance of answering is as expected.

The key for me is the importance of them not saying no.
If there wasn't one in place, then I believe they would have had to answer no. This is because they have an obligation to honestly answer my question and they wouldn't be bound by an NDA.

My conclusion is that something is being lined up and is close.

Totally agree cossy, am happy with the non binding element for the below reasons.
Prices are expected to rise, Adam has delivered this in just a few months and I don't think will have a problem turning to binding, it keeps us unencumbered for the majors watching us.

A very good read.

http://www.mining.com/web/new-king-of-copper-trading-sees-demand-coming-back-stronger

I have given up wondering about it and how it only seems to be on AMC.
The 212k was my my buy, yet showing as a sell.

Well, one of the recent funders appears to still be selling with the shares being picked up by the market. Volumes remain high. Will be interesting to see what happens when they finish.
Lanstead exiting caused a big jump, crede exiting caused a big jump.

Cheers GB33, I decided to add when we found out Robin and Paul were taking shares instead of salaries. The low price meant I was able to accumulate more than I expected.
I think that there is something big coming with this latest announcement and am adding like crazy

GB33, yes, I have added more. The 9m rounded up

9m in favour

The board of directors are clearly saying what the shares are intended for and the need to be able to move and act quickly.

There is no mention of progressing the TEO, BFS, DFS, working capital etc. etc.

I am a bit fed up of the posts of people saying that they don't trust the board, if that is genuinely true, then sell up.

It couldn't be any clearer to me that this is the start of the end game, the big pay day that I originally invested in AMC for and I will be voting YES to all the resolutions.

Anybody looking to aquire a 25% stake or so will undoubtedly want a seat on the board..... Surprise surprise, one just became available

They purposefully cleared any debt.
They just raised cash extremely early.
They are now saying that they need the authority to raise quickly should mergers, acquisitions or investments present.
Adam was brought in specifically for these purposes.

I will be voting yes to all resolutions.

The statement is quite clear for why the want it and the need to be able to act quickly.

Large mergers and acquisitions are occurring and AMC being one of them is what we have all been waiting for.

Going to be an exciting few months in my opinion

Has anybody found the resolutions yet?

It is quite possible Adam is opening options and avenues that AMC had never considered before, or had available.

The annual share issue authority remains in place, so it's not as though they can just issue the full asking.

Could well be the end, there was the 28 million which at just under 3% seems to have moved to string hands, the balance could quite easily have been rinsed through by now.
I guess we will see ilwith how the trading occurs tomorrow

A good news Monday coming up.... Let's hope so, its about time

Also, we haven't seen the customary bid drop to the placing price and then a narrow spread as they are rinsed into the market.
It looks / feels like something is quite different

Morning DB,
As you like to tell us that we have no idea what is going on in the markets, what's your view of the huge delayed trade?
It is obviously associated with the placing.
The just under 3% reporting threshold is interesting, has a person or entity just taken an anonymous position in AMC?