Member Info for Crazytowner

Lots of good stuff contained in the RNS, would calm those with even the smallest doubts, it seems to be very very close now

Whilst quite a few are stuck on a boring loop of past promises posts ....Yawn

The current reality is that External entitles are approving their elements and this is happening

It's really not that complicated now

A great start to the week with strong buying.

Looks like very few want to sell at this price which should continue to drive the price up ahead of the much anticipated financial sign off

Then it really is game on

Apart from the fact that there is, and they have.

I. E. The recent Ethiopian bank exemption from foreign currency controls

It certainly coincides with the whole Q4 sign off and project commencement that has been RNS'd multipal times by the company, exciting times ahead

Agreed, some great photo ops and publicity for signing off financing at such an event.

Decent volume with a decent rise now that the recent seller exited.

Someone always knows and someone always tells, so good volumes could be the tell for financing approval.

Would be nice to go into Christmas at multiples of today's price

Very happy with this update

Have only been in KEFI for a couple of months, so can't comment on previous events.

From this point looking forward it seems that financial close, first draw down, resettlement and construction commencement are less that 2 months away.

If the company is as bad as some are saying, it wouldn't have got anywhere close to the above.

The latest broker note gives about a 4p per share valuation, but this is extremely conservative, so I am expecting at least this, and significantly morewhen mine operations commence in 2 years

Looks like market has accepted it's happening here

Hard to imagine anybody being out now when final credit approval could drop anytime

It's getting harder and harder for people to be negative on this stock as project launch approaches

Yup, that's my take also.

To definitively end discussions would indicate that something the board believes is better, is near term.

Bought some here last week. Still researching but looks promising

Nope, bought 12m at circa 2p today hoping for a 50% return in the next 6 months

GB,

I don't see any recent debacle. You say RY did not understand what was involved with navigating the sale and payment through the sanctions imposed on both sides, well, thank goodness he uses companies that do, and who got it done.
https://www.fieldfisher.com/en/insights/fieldfisher-closes-sale-of-russian-kun-manie-proje

As for no plan B, I suspect we were already much further down the alphabet.

Gazzleberry,

It's easy to forget that RY was in discussions with 4 or 5 interested parties which could very likely have become a bidding war for the asset. To get to this point, he successfully drilled season after season, navigated complex Russian bureaucracy, a huge nickel slump and the annexation of Crimea.
It all changed with Russias invasion of Ukraine and the sanctions. We can only imagine what might have been from the leaked 100m starting point.

The sale price is absolutely rubbish but it's better than nothing which there was a real risk of and that money is now safely in our bank. I'm sure this wasn't an easy task either.

I will add to my holding here with the dividend money if the RTO is a mineral play and RY remains involved as I think he will add massive value to a western asset

RY will want AMC to be an unencumbered cash shell as soon as possible, therefore I think the dividend will be paid out within a month.

The minimal interest is irrelevant compared to the next phase of AMC.

Then we wait and see what happens next. Will the RTO be mineral, chemical, pharma etc. Is RY interested in being involved.

Well noticed hairydavey,

If there is 2 transfers occuring due to routing through and intermediary then it would be expected to take 6-10 working days.

The lack of an RNS today shows that there is no unexpected hold up

Hi Gazzleberry,

Hopefully not, I see a few other companies have released RNSs to say that they are not affected by the collapse.

As it now appears the funds haven't been received within the usual 3-5 days, I expect AMC are trying to find out what the hold up is.

It might be a day or so, it might be weeks.