Member Info for Henners007

What's not to like. Discount widened far too much, Rogan topped up, healthy quarterly income stream with good chance of capital appreciation aswell. Big company name managing the investments. I love stock picking but happy to let the professionals manage a chunk of my hard earned without seeking expensive advice!!!

Yup. And some skin left in the game. The Russia risk remains, ringing loudly in our ears though, hence the share price not truly reflective of what should happen. A bird in the hand and all that.

Yup. And some skin left in the game. The Russia risk remains rising loudly in our ears though, hence the share price not truly reflective of what should happen. A bird in the hand and all that.

Roger65, "all things being equal" which they very rarely are with AMC of course, if the money for the sale looks to be forthcoming the share price will rise above 1.8p. It must do simply because you will get a special divi of 1.8p. The remaining shares will be worth say 0.2p. For the brave there is a clear arbitrage situation here where you could make a rapid return of c40% from today. But this is Amur minerals and there is a war going on. Stating the obvious I know but Mr Market is saying to us quite clearly the payment WILL NOT get approved by the Russian authorities, otherwise the current share price would be much closer to the 1.8p.

Well Gazzleberry, it was us shareholders that voted against the original offer!!!! AND we now have another offer to accept or reject. We are rapidly running out of time to extract any value from AMC at all.

Correct. Providing the offer is acceptable to us very fickle Amur shareholders!! AND as I read it a carry interest in a new venture.

Wishful thinking Ilovesushi. If shareholders reject this offer, we will be holding Amur shares for ever and a day hoping that the Company is not "nationalised". I am very surprised a deal has even been constructed. As I read it we will get a special dividend of 1.8p per share AND still have a carry interest in a new AMC venture (but not in Russia).

The share buy back will not increase debt, it is financed from free cash flow.

There is much naivety articulated on this board at present. RY is not responsible for the war. He brought an offer to shareholders to retrieve some value. We rejected it. The probable outcome for Amur is a likely appropriation by the Russian authorities. We should understand this, however unpalatable it is. In Russia, internationally recognised Rules of Law went out the window in February.

RY is trying to sell a listed company with majority non Russian shareholders during the worst military crisis since the cold war. Wake up and smell those beans. It ain't going to happen anytime soon.

That 1.15 million shares is the largest single transaction I have seen pass through IOF. And I have been a shareholder for probably far too long!! Activity behind the scenes.

The RNS clearly states that the mine value today is at the offer price (albeit at the bottom end of the price range). AMC obtained an independent valuation.

MD I feel your pain having been invested for the same interminable length of time, but when you weigh up what is happening in Russia and the fact that some value (no matter how trivial) is on the table with a carry forward for future value aswell I do not see a viable alternative. Even if we could kick out the BoD (which I would not be in favour of), who the heck would wish to replace them given the jurisdiction of the mine site. Sending a message of "I don't care if I do lose all my invested money in AMC" is not a sound investment practice. Risk mitigation is Accept the offer on the table (no matter it is a bitter pill to swallow) and keep what little faith we might have left. If the proposition is rejected I think we can safely say the end game would be long and slow with a share price probably languishing well below the 1p level, which it has visited before. If we believe the proposition will be adopted there is even an arbitration opportunity given the current share price is well below the offer on the table.

When you consider the "difficult" situation AMC finds itself in due to the ongoing conflict, the ability to extract any value is commendable. I am no more happier about the plan than any other long term shareholder but at least value will remain for a future enterprise with payments back to shareholders over the medium to long term. My knee jerk reaction was vote no but having read and reread the RNS a few times now, I have changed my thought process. We get cash back and a potential investment in another mining enterprise. The heard mentality of lets all go down with the ship together actually makes no sense at all. I would much rather get 5p in the £ back than nothing.

Got to be a "reasonable" chance that Sneller, Newlands and Banks no more about the inner working of IOF than us common folk. As always, follow the money. Long may the rising share price trend continue.

What happens in 2024 W.H.L.?

Kammy, be careful what you wish for. There is the small matter of a war currently being fought which directly impacts Amur. Shareholders do not need an RNS for that snippet of information. We are all better off not tuning in to AMC until this awful war has been terminated. Personally I expect no news until afterwards. Any news in the interim is unlikely to be positive.

Fascinating RNS. We complain on this BB about lack of news flow. AMC had no need to update their position regarding sanctions, and we probably, on balance, would not have expected them to either, but they did (and promptly). AMC are not actively carrying out much activity at all which makes the RNS even more interesting. Are they saying that the ongoing takeover discussions will not be impacted by the sanctions? I hope so.............................

Great find. So they are now recruiting senior hires in the E.U. aswell as the U.S. No company does this on the basis their product "might" be in demand.

Flatcap - you should still be able to hold your shares within your ISA. They will still be traded on the London Stock Exchange. Just doubled my share holding. Company trading successfully but negative sentiment towards Index eviction + the ongoing shorting has taken the sp to lower lows. The 10% share buyback is a strong indication of what management think of the situation. Value will out (eventually).