Member Info for Crazytowner

Worth keeping an eye on https://www.telegraph.co.uk/business/2019/01/05/ex-xstrata-boss-sir-mick-davis-launches-new-mining-venture/

I do believe RY when he says that the delay is due to including information requested by potential stakeholders (the Q3 2018 to Q1 2019 delay only).

There was a September Media event scheduled a month in advance, this wouldn't have been done if there were any concerns of the numbers as this has been worked on since 2017.

First conversion was for Riverforts year end P&L / Balance sheet.

Second was due to rising share price and they wanted to purchase at a lower price ahead of news due to share quantity calculation.

Obviously just my opinion

Oversold, news that many had not picked up on or last trading before Q1 2019 and the expected PFS (I'm expecting it sooner than later).

The first 800k shares lifted the share price 50%, so this will truly rocket on the right news in my opinion.

Roll on tomorrow

How about simply accepting that the Russian Government doesn't always consult AMC and I'm sure other companies about every decision it makes.
It's thanks to the likes of Frak (who broke the licence news) and Tad who put the research in to give Pis a good chance.
Who they choose to share their work with is completely up to them

Sageman, M2M posted the link for you.

2019 is our year so 2nd of Jan (just to make sure we have as many days as possible) :0P

A few points from the last RY interview have remained with me.

To very clearly state that AMC will not be drilling next year is important as I think it is finally showing the shift from explorer to pre production (sale sign truly up). I think that RY has always been extremely comfortable with the exploration and perhaps part of the reason for the delay in PFS was that his focus was on the 2018 season.

The strategic plan that is mentioned as very close should give a clear path that AMC intend to follow towards production. I am very interested in its content and the timescales. Putting this out to the market will show an intent that AMC will be judged upon.

The share price is rubbish at the moment (although it suits me as a buyer). The resource is excellent, the future demand and location look good, so whats holding it back.

I think that there are two key elements, 1, The difficulty of western institutional investors to get involved due to Russian location and 2, Whilst the PFS has been delayed for the right reasons, RYs credibility has taken a massive hit with PIs (traders & holders).

I maintain that RY has done a great job so far and must stay involved, however, i don't think our board have the right mix going forward into the next phase to deliver the takeover. I suspect quite a few holders and watchers share my view on this.

Absolutely no concern for me here though, a clear strategy close, a updated PFS close, discussions occurring with interested parties. I get the feeling that 2019 is going to be a very different year for AMC.

What I will add is that should we now go into an AGM with nothing new or tangible to show that the plan is sound and being followed then it will be difficult to not voice displeasure via votes.

Our share price could go ballistic if we get a 7am RNS of AMC's strategic plan on the Monday when Norilsk are presenting in London later that day.

One of the parties who have guided what they want to see in our PFS? Possibly.

In my opinion, the delays to the PFS are for the right reasons.

I view the PFS as a sales document which is aimed at big players. It is not for the likes of myself, a PI, so that I can pat myself on the back and say I got this right, I am already confident in that.

1 chance to make a first impression, if it takes a couple more months to ensure AMC have it nailed down to provide the sort of comfort to those who arAMC are currently in discussions with, no problem with that at all, I will be adding.

Looking forward to seeing the strategic plan, RY was keen to impress how close it was at the end of the interview.

Agreed gwm. Although I think any potential suitor with deeper pockets and better access to finance would look to own smelter ASAP.

Interesting post over on ADVFN implies we will be up and running by 2020.
This would require some significant announcements imminently

Well worth a read, ties in with the the article / speech from about a year ago relating to market disruptive events occurring at the same time (electric vehicles, self driving, uber style network) <br /><br />Why you have (probably) already bought your last car - http://www.bbc.co.uk/news/business-45786690

Agreed NLTS, it is a busy week of meetings, which is why I am disappointed that AMC are not attending them with their PFS hot off the press and in the public domain. I am hoping that RY has something great lined up which is why it has been so delayed, but wonder whether he has reverted to his comfort zone with the seasons drilling and not given the PFS the priority it requires. Awesome if it's the former, if it's the later then there needs to be restructuring / strengthening of the board. Just to clarify, I don't mean RY to be given the boot as I think he has an important role to play, however RS & BS, I'm not really sure what they do.

Maybach,
Mentioning crede, a deal which ended in 2016 is a desperate attempt at a response. The deals between crede and Riverfort are different in so many yand have been discussed at length on here, so I'm not going to indulge you.

As for RYs interest, at present it is 5.5m shares and options, you obviously don't think that's worth him wanting to deliver a high takeover price. Muppet

Filtered

Maybach, i think you are one of the few people who still incorrectly bleats on about death spiral agreements here, the share price dropped when the deal was announced, not too surprising as people misunderstood it, it also dropped on going concern quote, again not an unexpected line in accounts for companies such as amc. Apart from that the share price has been stable, this is not the behavior of a death spiral agreement.

As for RY and long term holders, he is one, with an interest in delivering a great takeover price.

I've always believed that this financing agreement was much more collaborative than previous ones.

There's plenty of possibilities that they could have become aware of that has now locked them out, preliminary PFS numbers, something on the road, a deal to buy them out of the remaining liability.

Whatever it is, I think we'll find out soon, in the mean time it seems that the share price will creep up in anticipation

Their selling seems to have reduced dramatically, perhaps stopped altogether.
As they have been happily converting and selling profitably at this level I have 2 theories.

1. They suspect there is good news short term that will alow them to sell more profitably.
2. They are aware of something that isn't in the market place and this is preventing them from trading.

My opinion is that its 2, as if it was 1 then they'd have stopped selling a few weeks ago

To blindly trust in the BOD is foolish. If we had carried on with crede then we'd had issued circa 500m shares to be in exactly the same position we are now having only issued 30m ish, this was only 2 years ago. So whilst I have enormous respect for RY and the job he has done so far, I don't believe that we presently have the right team to cross the finish line. All the missed deadlines and imminent promises matter, not only RYs credibility and market confidence, but schaffer, our chairman is supposed to me managing the board

Media week.... Must start 24th, so expecting something sizeable this week prior to it. All buying has been muted by Riverfort selling. They are making a nice 20% plus 9m warrants. Usually boards have posters saying "added" not at the moment here, so who has picked them up? Tried to open a spreadbet long here with a family member, IG happy to let trade in other shares, just not AMC, even though fully cash backed down to zero. NLTS, many still believe in the end game, just not in the people we have to deliver it as we move out of exploration. This project isn't going US, Europe, possible Russia, but most look likely China.... So where is something? Anything? Where are PGs high wealth individuals? What is jinchuan doing. Ry has a great relationship in Russia, who is in China? Wtf is savage and schaffer doing for their money? Riverfort... Notable points were being able to buy out of arrangement.... Keep kicking PFS down the road and alternatives will not be forthcoming. Agm not far away, RY up for reelection and you can bet they'll want the recently expired warrants back.