The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
voters should refuse the offer, it will not be the last, the Directors and CEO do not have thier own savings in the shares only shares issued as employees of the PLC..i am more confident that another offer from a russsian entity will appear regardless of the advice from the founder of the company...although i respect RY,he is clearly looking for an escape route for an easier life...i do doubt we will be share holders in a dcent assest in 12 months time owned by AMC corp with such a small amount of cash to invest, best case is they do aquire an asset or part of one but need the share holders to pay in an otther 20 mil or so to take to pre production, maybe a small co who can not list or raise funds, or a distressed asset...it will not be the solution it apears you are being "sold" in the video....time to hold and be confident in the assets appeal of KM...
salesman's dream aren't you....buried treasure awaits you if you just sign here....ooooh what a venture....i can see it really 5 million for a near production asset...pppfffff...more lies...it will be 0.3p final dividend and RY off to work for a consultancy for a few years through his off shore connections in Russia...you lot are so gullible....
RY was almost apologetic for bringing the first offer, had to explain why he had even been so wasteful by doing so...don't be a mug and accept 1.8p plus change...no way....twice that at the very least. Plus royalties....oh dear me, you really believe there are only sanctioned miners in Russia. You have all pooped your pants.. shame on you all who accept this miserable offer...someone just bough POG mines for £600 million cash, approved in the UK courts!!!!....loads of middle men queuing up to buy it once that hood as moved on....wake up, did you invest in Russia without knowing how things work over there...believe me Russian business men are not running around in Z relax t shirts,,,someone wil buy this mine for much better money...what a con set..
will they take my new crypto coin " Z coin."
no its has to be US dollars..
final offer from consortium, no sanctioned people is $70 mill US all cash
i think they will do that, or they will be all going to st Petersburg on the same cruise ship, all with bucket hats and sunglasses taking lots of photos.
mmmmmm, i wonder..
i month later...
telephone rings in the offer.
RY..zzzzzzzzz uchhhhhh oh quick the phone robbo.
RY, hello who is that?
Unknown Russian henchman. Its a friend of MR S,
RY..ok how can i help
UF.
we can make new offer, but it is from offshore shell company close by...
its 35 mil first year then 20 mil over 2 years and 10 mil in 3rd year....or 50 mil cash offer..
RY, lets call a meeting...
MR S, how did the meeting go robin?
RY, well i did tell them but they just will not sell the largest nickel project in Asia for the price of an illegals' tailings mine in Botswana.
MR S, ok thankyou robin.
RY, is that it then?
MR S, someone will be in touch wink wink.
MR S, its like this, i will make a cash offer, ok?,
RY. sure the shareholders will i am sure that please
MR s, its 35mil
RY, wow thats a big reduction, im not sure they will go for that
MR S, its up to you robin to sell this to them
RY, how, what do you mean
MR S, you have to kk make sure they know this is my final offer and they have no choice
RY, i do not think they will accept this offer, why not increase the offer to make sure buy adding some deferred payments
MR S, you really must tell them this is my final offer
RY, but surely you can increase it to an upfront amount and something next year for amur to use etc.
MR S, you must tell them this is my final offer
RY, you will put the word out if they decide its a trick and the third offer will almost be certain to be from a friend of yours and something in between the 2 deals offered
MR S don't worry you will be alright, i know people, i want the KM site but ypu have to help me here and i can help you to get this done
RY, will i will certainly tell them that.
MR S..its important you do.
mmmmmmm...i wonder...
MR S, 35mil...
if this russian investor is truley done with this offer i would be suprised, its usually 3rd and final offer, never accept the first two...but if he does pull out, then anotthe rrussian entity will emerge more likley an asssociate or rival who will not bid against the current buyer t avoid internal issues in the russian buisness world its just not dome over there..anotther buyer will emerge with anoter offer or two, i say NO and atleast 75 million should be the price..
why is it £35 million only and not £35 million plus £70 million over several years, a better version of the original offer?
what a rip off, i am voting no, and i am betting on another offer being made despite what has been said, which is slightly more than what was said along with the first offer, i am emigrating anyway due to circumstances which make the only option for me as things are ( not money reasons) .VOTE NO i want the 105 million offered before but with a better payment structure...35million up front about 2p a share and the rest in a reasonable amount of time, plus a new amur minerals asset...that is it....im done...period.
yes, this is still a 50% winner for me, not the 400% is should have been, but i have slept on it and and will take the 50% profit and their are plenty of small to mid cap opportunities to double the money every year, and i will be watching for those. I ignore the more proverbial comments on here, just simple rational decision has to be made, i feel sorry for those who will actually take a loss if the sale goes through, but i have also taken a bitter loss on POG this year..so i will take this small profit and embrace it and take inspiration form it and get many more like it in the future.
ask yourself this question....
will the SMO be concluded before winter sets in?, will Ukraine and Russia agree a cease fire? will Ukraine cede territory to Russia? will Russia back down?
could the war be in stalemate through winter?
could Ukraine and Russia rearm through winter?
could Russia declare war in Ukraine and call up reserves and go full invasion with Belarus helping?
is it likely the economic change in Russia west relations reverse in the next 2 years?
can Amur minerals find another buyer in the next 12 months?
could amur minerals declare force majeure and or run out of operating funds?
all very influential answers one should consider when making this very unwelcome choice.
As gutted as i am, bordering on heart broken, i am going to accept and make afresh start with the dividend and hope amur reinvest well and get a few pence for my holding down the road.
i ujst cant stomach 2p or even 2.3-2.5 p total
if i knew the next venture was as good as nathan river which did well or even if adam habib was still there who borkered that deal, i might have some confidence in a new project delivering on top of the special dividend as to double the payout, i might feel some hope.
RY knocking on in years over 65 isnt he?
i just cant escape the feeling that another buyer will emerge, but then i have serious doubts too that one, will and as some say what hapens if things get worse and Amur just cant continue operating....so i jsut cant vote yes, but i am too worried to vote no, and if i am to worried to vote no then common sense tells me to vote yes....but it is just too low for me to do that aswell...if it was a bit higher..it might feel a bit respectable, but 35mil is just rotten.
and i do not drink alcohol, or consume any other intoxicants at my age...but i know and see clearly another persons tactics, even when their motive or string puller is not clear, however in the situation the tactic used by the buyer is clear as drinking water....do i need to explain, i choose not too let you know what i know and much i can see...somethings even you and your clever clogs partner can be sure off....i am sure 2p is another low ball offer and it is NO...from me and tell the idiot to shut up..
im trying to focus on the offer price, not the huff and pressure, 2p a share total sucks, suck so bad id rather go on a mass shooting then accept it. 2p my back side, you must be mad....we keep being told end up with nothing, we all do anyway on the last day, so why live in shame..id rather loose with dignity, then live in shame...