The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
well, i for one will not help that oligarch make a 100 million over night with my vote...just cant accept it. 35mil is rubbish no one can tell me what i know is true is not....that's it...that will not be the final offer for that project i am sure, once he goes another will get the nod from him and offer a higher price...he is going to flip it within a few months for over 100mil...he does gold and he does not develop discoveries.
so, 1.8p dividend and amur buys new project and injects cash in to it, mkap rises over a 12m month period, and share price recovers to over a penny and maybe goes up to a few pence...hopefully 9mil investment from amur is worth 30 mil in a couple of years, but 10 mil is worth 0.9p a share so hopefully 3p plus in a couple of years, could be worse...most mining projects fail though. Amur was a discovery and a very rare one, so i just cant be positive at all about what's on offer.
2.08p per share it is. 1.39billion shares total. some posts on here say amur will add the cash in account to the pay out..pfff more like take some off it...might get 2p per share cash, unless I'm wrong, tell me if i am.....what money is amur planning to use to reinvest? cash call to shareholders? or some money hidden away somewhere? what are the accurate figures? the deal is so vague....what money is amur using to but another project by reverse takeover?
if only we knew what amur will buy with the cash, we are being asked to vote on the unknown, not in the way Brexit was offered, much worse, no idea what happens if we vote yes or no, only thing offered is the 1.8p dividend..what is the £29m sterling worth 2p a share? if no other asset is purchased and a success of course which is what would be the factor that drives the share up to a few pence in a couple of years. se best case is 1.8p dividend this year, amur aquires a new project, the cash investment from amur improves the value of the project and the share price recovers from 0.3p which it will fall to after payout of the dividend, to lets say 3p if all goes well and the new project become worth £20m to £30m so a very optimistic but possible return of 1.8p dividend plus 0.3 or 0.4p closure or see what happens with the new purchase if amur get one, if i knew that they will for sure it would sweeten the poison slightly...its a bad deal. That's not in doubt, but if i lose everything i have invested in this, its save £5k fly to Mexico have a party and pay a local thug $2k to shoot me in the back of the head, I pay him i mean not someone else. And I'm not emotional about that decision, it just a lucid assessment of my own future in the wake of this disaster....this f'n world I'm not kidding..
its pass round the revolver time....wait hoping time will heal and it will do at some point, but will that be in 1 year or 10 years before east west relations improve and some sanctions lifted mean russian invbestments are not like the black death to the rich mining companies out there,.
just now we shareholders are really in the middle of a storm and our ship has dropped anchor, do we jump on to the life boat and take the hit, hoping RY has the appetite to find another project in his late 60's ..all i see is BS....maybe he is not done and will find something and sharse will rise about a few pence in a couple of years when the new " dream project"we all are imagining in our despeate hearts, moves forward with out investment. i am so bitter i just do not know how to feel, lost 50% on POG and missed out on £130k profit and now this, no doubt will miss out on £200K profit if the sale goes through, if it does, then i just hope the new investment amur makes works out and get the share price paid back or hopefully increased which is for me 1.447p ...i am just so sick that i just cant even consider the offer...it is russian roulette, walk away from a dream investmemt with my deposit back only to try again after years of waiting for these kind of profits....or turn it down and face the unknown consequences...gutted..but recover to try again inother investment or maybe pile back in on the next one amur gets if they do and bag afew hundred percent on that..i am an optimist and will embrace another start if i have to make it, its just 1.8p is miserable and if they do not buy another project, 2.5p total maybe..just so so dissapointing for me...if had the £50k dividend here and another great buy was sat there waiting for me to pile in and double my cash, i would still feel bad about it....i just am unable to say yes or no with any passion at the moment...see how i feel next week..
that gives the situation 2 years + before construction of the approved mine plan would be expected to commence.
hopefully at least there will be a cease fire and negotiations taking place, well before that 2+ year period ends and sanctions being reduced to allow banks to operate with western companies within Russia at least, the west is quietly very concerned about hyper inflation and economic depression is a possibility, difficult to stimulate shrinking economy that has hyper inflation. fuel and domestic, industrial energy prices are going to really bite this winter and next year, the perfect storm is on the horizon, the west knows it, i honestly believe the west gambled that Russia would not go all in with the land forces and got it wrong soon we are all going to be paying for this massive screw up on every bill paid and shopping bought. I honestly do not see what is so appealing about making right wing Ukraine such as close friend just to help oust a pro Russia regime without any election, and guess what the US and its allies have screwed Europe and them selves just to stop nord stream2, well done JB what a stupid president.
1.no western BFS. ( pointless due to sanctions)
2.complete and submit mine plan 12-18 months ( has to be done to keep license)
3.wait for GKZ to complete approval of mine plan 3-12 months ( fixed timetable GKZ)
shareholders will have to wait and see what offers arise during the upcoming period above.
not confident $105m would get enough votes to pass even if it was all paid to shareholders in 1 payment, and that is not any where near on the table. I am hoping a reputable company such as Norilsk would be able to throw a good bid in for us to consider.
Amur no doubt is at a crossroads here, our board and CEO are not the BOD to run amur when it enters industrial production, that's obvious, equally obvious is the fact that amur need outside consultancy assistance to find investment from china, hopefully after the TEO we will see that materialise. I could not do a better job than RY has., but different investors have different goals. i am happy to wait another 2 years to get over 12p a share confident that our investment is better handled carefully and navigated through this time with patience and cognisance.
totally irrational statement. RY is very clever, he is harnessing shareholder support, no way would that deal have been approved, but a deal was reported and and a deal was offered, and that is good for amur going forward. your failure to recognise this obvious strategy if a burden for us who can see the truth.. such is life in the top 5% IQ.
cheers, i try to explain things as i see them based on previous interviews with RY about the strategy for taking the project forward rather than baseless theories found on here, i started logging in on here during the conflict in Ukraine and out of motivation burdened upon me by the recent offer for KM. but sometimes you just cant ignore some of the harmful interjection written on here, one has to write down a more rounded and based understanding just to help people who may read comments on here to help them decide whether to invest or not, which off course i want to encourage and also protect my investment. the way forward for AM is relatively simple, as i have written below, it will require careful navigation of the sanctions, but amur can still take it all the way to production if they have the ambition to, but maybe no that far now, but Chinese banks and commodity companies are huge buyers of Russian minerals, and that is also a key goal for the RF govt, so that should continue to be the focus of a strategy towards attracting investment in to the project. this is not a national emergency in the UK, it is a self imposed geo political policy, moving away from investment strategy to geopolitics, every coin has 2 sides and you need to see both sides of the coin before you flip it to see where it lands, and what that really means to the other party.