Member Info for Crazytowner

An acquirer is certainly possible, only just below the 3% notification threshold, it doesn't seem coincidental

I honestly don't know,
The price was climbing just before the previous placing and then the 75m occurred, this was only a week after the options so it must have occurred out of the blue.
Now we have the price climbing again and another quick surprise placing followed by a massive trade.
I am happy that AMC has the money at this critical phase, but as DestituteBroker highlights, there is always a lot more going on behind the scenes and PIs are the last to know

Pretty much bang on 3% of the company, which happens to be reporting threshold.
The pre market open time is extremely unusual.
This needs to be properly investigated as it initially appears that AMC just facilitated somebody closing their forward selling with the anonymous placing

Yup, occurred at 7.56am.

I'm going for these shares being held this time. It's got to happen at some point :)

The Bid, ask, spread and quantities are not in keeping with a company creaming off a quick 5 to 10%.

The updated share register in a week or so may well tell a story

Hey TDT,

I'm actually OK with this raise. Getting to the TEO is essential and this should open up a good 6 months where positive news can be released.

This raise occurred sooner than expected, I am hoping it was taken as the buyer appeared to be a better type of investor than we usually get.

I have taken advantage of the dip and added another 500k.

Going to be an interesting few months :)

The quantities on the Bid are huge, will be interesting if the new holder is not selling

Are the owners of these new shares going to hold or rinse through, we should see over the next few days.

The previous raise saw a very tight bid and ask as these were sold, so far that's not occurred.

The positive side is that this raise most likely secures the TEO and gives AMC cash until circa Christmas.

Absolutely Geng,

The world has been in lock down since March when we raised 500k, so very little of this will have been spent.
The raised a few weeks ago repaid this and so we are probably still sat with 500k.
This raise probably takes the bank balance to a million.

Many of us believe that the BOD are sat on results from the bulk sample / copper. We know the 2018 results have not been properly released. Why would it be so hard for them to release a positive update on the TEO and how they have navigated the corona pandemic.

All long term holders will be smarting at this

With this volume and the anticipation of news coming it this might not be too tough.

I guess it all depends who has been mopping up the shares and what their plan is

Hey CBS, I remember it well,
Frak breaking the news first on iii, then the is it or isn't it real, then the climb into the 40s. Feels like a long time ago.
and got a few more grey hairs.
I think that a lot of the LTHs are still about, but stopped posting when iii messed up their platform.
Hopefully some positive news from AMC soon and Adam being able to secure something sizeable this year.

Anybody feeling it.... wouldn't want to be out this weekend

:)

I would have thought our project, Kun Manie is automatically qualified for residency as owned 100% by a Russian registered company, ZAO Kun Manie from memory.

Agreed TDT

We were at 1p and volume was negligible. Then we started to rise and all of a sudden shareholders are picking up 75m shares being rinsed through.

This all occurred just after directors warrants were issued so must have been a rushed deal due to market abuse regulations.

AMC BOD have been played in this recent funding in my opinion

Updated.

Looks like a lot of the recent placing are flushed through.

Will be interesting to see the Bid and Ask this week

https://electrek.co/2020/04/09/study-pandemic-lockdowns-are-encouraging-more-consumers-to-buy-electric-cars/

It's hard to imagine just PIs all of a sudden went buying crazy on Friday when the price was bobbling under a penny a just few weeks ago, even more so when you take into account the TEO / licence warning.

The problem is that every investor here knows how absolutely appalling AMC are at hitting deadlines and most investors just don't believe what RY says anymore.

If they were obliged to add that statement, then they should have accompanied it with a clear current position of the TEO and the plan for completion.

75m shares at a penny, the board loading up on options off the back of the current pandemic .... RY has to go

Couple that with a Chinese stimulus package....

Was only a matter of time until this happened.