Member Info for Culpepper

Suliaq could get spun off in the end, subject to take-up I suppose, as a subsidiary - with them already putting a different board in place.

Https://www.londonstockexchange.com/news-article/AMRQ/holding-s-in-company/17086348

JLE been selling. Presumably to finance JV with their initial input of £4m, helicopter, rigs, and all that.

He hasn’t, probably, and whether or not, it’s an inference, chosen to be put forward, around listing price.

Rubbish, isn’t it?

This board has tended to be good on imagination, poor on execution, though it’s all worked out just fine in the end.

No. Done for today, Cheeky Boy.

You see, I don’t know, you lot might be over enthusiastic on the AsX listing.

Just history, on the board, postings, is all.

Well, it’s being built up to AsX listing, and maybe a year thereafter, on sp.

After that, arguably a mite slower.

Well, CEO has made it clear, more than once, it’s an exit strategy for insider investors.

They’ll carry on, building the company and its value, ti an acceptable offer is made.

He’s made no secret of that.

I mean, nobody can read the company updates and say it’s not shaping up from a company perspective.

And the sp will follow. Sometime. Perhaps when, as ive convinced myself, seller out.

No secret, I’m 78 going on 79.

Thanks for chat.

Amaroq management have distinguished themselves as shareholders. Hence interested in sp, to retire on. And a bit of salaried lifestyle, plus, in the meantime. ‘‘Twas always thus.”

Us lot know our place. It’s the primary market that allows companies to fund progression. So there’s deals to satisfy both.

Us lot, secondary market, simply speculate on the orice of existing shares. The price came together, as seen recently.

You do what you do.

Sometimes I wake up in the morning and say that’ll do me, and I sell. Holiday, washing machine, whatever.

For me, gut feeling mostly prevails, based on common sense - I hope.

They say DYOR. I do. Don’t always work out though.

My major personal experience on going private was with Mxc Capital. Delisted, just like that, no vote, nothing, no alternative. On grounds share price did not reflect company value. Share price obliterated. I bought more. Not regretted it, profitable as they sell up, but youre in the dark when it happens. Still got £40k in it. Want to see it back.

Destroys the interest bb denizens have.

Not happening here though. Waiting, maybe, for a major to buy out, as Olaffson says. Or carry on.

You seem a little miffed.

I’m not in the least bit miffed. Exactly the opposite.

Sorry, just read yours. Any company worth its salt will progress from aim. My view, is all, is if it wants to, and prepared to pay.

Everyone says it’s Wild West.

I disagree. Some decent companies outgrow it.

I think Amrq is one such professional company and will, it seems, go to London stock exchange main market next year.

I’m in Greatland too, doing much better for me than here, maybe over hyped at this time, ASX expectations and all that. It’ll reach a stage where it becomes what it is. Amrq isn’t there yet, far from it, with a visionary, but very careful, budget restrained board.

Their (ggp) gold grades, said to be brilliant, bear no resemblance whatsoever to what we know, so far, for Nalanuq, and possibly what Amrq might turn up, Nanoq and others.

300 Tpd sounds like nothing, but a lot for this market cap. ( I ain’t much into that, down to accounts, isn’t it, or should be ) Grade is king, AISC. Why planning, buying into, Hydro power - cost of oil, long term, sustainability.

I’m in both, a relative biggie looking to get bigger, and a big fish in a small bowl, doing the same, on the final mining frontier.

Of course you’re right, on buying in the market, yet that would not have permitted them, and according to Mr. Wyvill, to bring forward infrastructure for phase 2, of itself bringing 450tpd high grade forward, and improving earlier, the revenue stream the company seeks, which will first come at 300tpd, not far off in mining terms. They now have no need to rush about, to please me and you. Whilst having a new mine, diversifying their interests, in their back pocket.

Of course, the institutions canvassed to buy at a price, market price, and the company took advantage of the opportunity to strengthen the balance sheet until Nalunaq comes on line. At no cost to pi’s. Win, win.

And as Mr. Wyvill pointed out in interview, they’re shareholders too, and limited the opportunity to £45m.

From what I see, Amaroq is a straight up, take it or leave it company. Focused cautiously, on diversification and growth.

Just a quickie. Seems to me the synchronisation of announcements may be more relevant.

All the best.

Taken as a whole, the company assets, cash, over subscribed at this price (twice ), events to Christmas, seem diametrically opposed to share price movement as things stand. That will change.

Have a good weekend.

It appears a halt was called in Canada again, no idea of background.

https://money.tmx.com/quote/AMRQ/news/5907440602427641/Canadian_Investment_Regulatory_Organization_Trade_Resumption_AMRQ

Only just listened to that. As good an insight in basic terms as we might get, strategy and measured confidence on execution, backed by cash.

And I can see it all happening, over time.

For now, Nalunaq going well, and some excitement around Nanoq.

Https://www.lse.co.uk/rns/80M/sale-of-kangerluarsuk-project-for-up-to-us2m-s16vfki5qbbbj1r.html

Just in passing.

So Amaroq have a mine to reopen at Black Angel, and from 80 mile a partially explored parcel which has showed promise.