Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
Geng, instead of playing silly games, you would do better to give Agneissearner's posts some respect. He has provided us with information relative to the discussion i.e capital distribution vs special dividend and this gave you impulse to put him on ignore. Rather immature don't you think?
You have in more than 10 years often provided valuable information but I think you have now gone off the rails.
Indeed this is a very valuable asset underground but who will buy these minerals? The new investor will have to spend vast sums of money to extract it, build roads to move it and find a market under a sanctions regime. Of course the purchase offer is pathetic but think about it what other/better options are there if there is no market to offload the product to. It is obvious that the buyer has stretched the payment to reach a post Putin era where hopefully life returns to normal and sanctions can be lifted. Can Amur itself wait out this period? Of course our initial response would be to reject this offer but the dilemma Amur is in, is very complicated. It will not attract funds to take the project further and its demise would be a certainty. As a LTS of 14 years l stand to lose £400k
Time and time again RY has indicated that it was premature to discuss partnerships / take-off agreements or any other business arrangement to further the project . The reason given was obvious. Once you shake somebody's hand all other options are off the table or at best severely restricted. However you can not stop offers coming in , not even ridiculous offers. Rest assured, RY knows full well what the project is worth. That is also the reason why up till now no deals have been done. We are now less vulnerable than ever before. This offer that many of us posters are lamenting merely opens a door that RY wanted to keep closed until we are ready to talk turkey. However, it is what it is, so one can say that Amur is now "in play". - but not at £100M.
Huddersfield, it is easy for you to talk about "greedy one's". Take me for example 3.5 million shares at 12p and holding for 12 years. If you are happy to sell at 7p must I now also put a label on you and call you insane?
Lucando, you wrote "On the bright side we have funds now to cover us a couple of years and it is likely something will happen within that time frame".
We ,the very LTH 's have written much the same since 2011.
I have now held this share (AMC) for over 11 years. During this period there has never been an RNS with negative news/information, yet he share price is almost rock-bottom . WHY?
I have thought long about this conundrum. With the growing need for Nickel in EV batteries one would expect that a host of international companies in this industry would see that this company is vastly undervalued - if indeed it is????
One has to seriously consider that perhaps it is not. There has been no sign of the shares being accumulated, large volumes are still being dumped at present prices and one wonders who is selling? Selling at these levels (most likely at a loss), shows total lack of confidence. That is where I am now too. On the whole our management has done a shoddy job for their shareholders, which sadly do not include themselves. - ignoring the few odd share they own. Management is not invested in this company and neither is anybody else of importance. However I doubt that the low rating is due to them because a take-over and possibly even a joint venture would through them out immediately. By now there should have been serious discussions with industry leaders and there are none. If there were the share-price would reflect it.
Hence I have concluded it must be the location- Russia. Five years ago I had a fairly acrimonious argument with my stockbroker who very strongly advised me to get out of Russia. His reasons were, corruption and dishonesty in business dealings. At the time the share-price was 38p. I refused to listen to him which upset him so much that he asked me to move my account . Yes he did! Something is wrong in Russia. How else can a share-price collapse to nothing when resources keep growing and all along no negative news-flow. Most likely my broker was correct - it must be -LOCATION.
Hi Geng, Nice to see you hanging in too. I think I remember you as the God of the Gaps. Or may may I got this wrong, you have no idea what advancing age does to one's memory. Yes, at some point I had 1% of the company's shares. Sadly enough I have still got them. 12p is my average cost so you can see why I have given up on AMC. My old friend SASA mentioned that he had some hope in "TB". I am sure he is not talking about some dreadful decease . I don't even know who TB is, -that is how much I have put this share on ignore.
ATB.....(Yes, I think I know what ATB stands for).
The Nickle price - then.... Can I even remember when "then" was? Like SASA I am also one of the VVLTH.
SASA , are you also still clinging on? I keep being reminded by my broker that I have not looked at my shareholding for a very long time. It is because I have given up in AMC.
It's just not worth selling at theses levels, - just in case..... It is indeed the most disappointing share "investment" I have ever made, and I own several millions of them. My biggest mistake ,which is no doubt shared with others, is to have had believe in the £1 party .
I am relieved to read that you also gave up on iii. I thought I was just a technically handicapped browser, -gladly I was not alone.
You are quite right. My broker at the time "MAN financial" went bust and although I was paying "custody fees" every month it took years and much legal expense to get my shares back -and all along one can not trade with them! It is scandalous the shenanigans that go on. I would think that when shares are held in custody they are safe, clearly not so!
After all we are on the LSE in the UK and not in some banana republic. That's history now.
What surprises me about AMC, is that nobody of importance sees the value in it. Even today with all this potential excitement, i.e. the iron ore project with the Glencore involvement, the EV explosion, the right nickel (sulphide), close vicinity to major markets, large resource of minerals, Adam Habib, decent nickel price -- one can still buy the shares at a next to nothing price. IMO the reason for this frustrating situation is the location - Russia. .....and we cannot change that.
The PR also leaves a lot to be desired.
Hello Sasa. Good to see you are still around. Since the changes on the iii message board I have lost contact with fellow investors as I could not get to grips with the new format. I have been so disillusioned with my shareholding, which at one point was 1% of the company, that I had more or less written them off. All bought before the 40p rise. I never sold any. My standpoint was that whilst the drilling was still ongoing, more good news would follow and that the £1.00 party was a distinct possibility. I had no exit plan in place, so it is what it is.
So, Sasa, here we meet again. Remember our long discussions? In hindsight -you were right, the lack of diversification weighed heavily against me during the disastrous performance of AMC.
Perhaps their is a glimmer of hope that we may recoup our losses.
Geela, isnt it absurd that we have to a "matchmaker" between Tesla and AMC. Surely our management should be sleeping on Elons doormat to draw attention. Hopefully the interaction goes further than your tweets. If not we are surely doomed!
A fall of 9% on very small sales volumes shows desperation. If the PGM basket price holds up it would be a mistake to get out on the fundamentals for JLP. Perhaps sellers saw opportunities for quicker profits elsewhere.
I believe the best approach it to hold on and ride it out. The cash-flows will be more than adequate to service debt and I do not foresee another placing (unless of course there is another "must have" deal to be done), and if that is the case we should embrace it. After all is all about the P/E going forward.
Reading this board I conclude the following :
1. Colin and Leon are responsible for the Corona virus, leading to a collapse in stock markets taking JLP down with it.
2. We must blame them for the poor chrome prices.
3. We must blame them for the poor vanadium prices.
4. We must view Colin's share buying with suspicion (+/-300,000 shares), as he clearly attempts to support the share price.
5. Can Colin and Leon do anything right?
The fact is that we are possibly the lowest cost producers of chrome and PGM metals and if that means we are nevertheless losing money on chrome then think of the dire state other chrome producers are in.
We have a varied basket of commodities in the pipeline. To get there required entrepreneurial skills. We have the Sable refinery at a substantial discount to cost with a lot of time saved in not having to build one. This required negotiating skills.
We have partnered with big mining groups and share facilities with them reducing our capex requirements.. JLP has done a lot to make the future look positive and in my opinion the ongoing bashing of our directors is unwarranted and unreasonable. I have never understood those shareholders who relentlessly deride management but nevertheless wish to hold the shares. Get out and move on, .........I would say.