Member Info for itisagame

Surprised that they didn’t buy stock and force the deal.
With the turnout it Would have taken very little buying to secure the deal for himself.

Yep, plenty of projects out there, A deal could be done as simply as giving PJ a call at POW and getting in on one of his existing or new projects as a JV, that would atleast secure the listing without going down the rule 15 route which was probably the bigger threat to the share price as it puts a time limit on things.
Majority of Shareholder Value creation is in the exploration stages of projects, probably not worth buying in to a “cheap” close to production mine with new shares because it would probably be cheap for the reason that it’s probably not that great and the seller wants out.

Well done on the collective effort and result.

Just had message:

Further to our previous communication, we have received an update regarding the Amur Minerals Corporation General Meeting event.

The deadline to elect has been extended. You now have until 17 May 2022 to submit your election.

Should still be >$25m mcap.

In the mean time, continue the Search for that other asset and generate shareholder value from that.

They will need to raise capital In Either case for any other asset worth perusing

It doesn’t need to spend it on progressing the mine, just let the mine tick over.

Or.. just JV the thing…

Better deals can be *done* if the billionaire can’t afford it someone else can, no rush to sell it, just raise a few mil for running costs if needed, it’s not expected to be in production till 2027 anyway.

Better deals can be don’t, if the billionaire can’t afford it someone else can, no rush to sell it, just raise a few mil for running costs if needed, it’s not expected to be in production till 2027 anyway.

Ive seen a nice gold asset up for sale in canada, think they will take $100m for it over 17 years?

Also “if” it has to be done this way, why not set up a subsidiary transfer the $30m loan to the subsidiary and then distribute shares in the new subsidiary to existing holders (on equal basis as current holding in the plc) with the aim of sending all proceeds from the $30m as dividends over time, that would cost very little in admin fees a year and that way current shareholders retain the benefit of the asset sale, and will not get diluted by any future dilution from cash raised for new asset which would currently be entitled to any dividends handed out from the $3m/ year if it gets paid for the 10 years.

He’s Making decisions based on what effects him personally and not what’s best for company.

You need to bin off the Robin and the other US members involved who’s country of citizenship is preventing them from operating in Russia and get someone from another country who can work “in/ “with” Russia without being threatened by their individual government for doing their job.

Is The only US tie is management?

Currency of sale is irrelevant and can be sold to shareholders in any. Sure most would take bitcoin for the Right price, and if at the right speed - full payment upfront.

https://m.youtube.com/watch?v=yZpIog7e-R4

Replace boat with a “billion £ mine”

Is there any reason for the need for to have a fire sale?

why can’t they just hold on to the asset ?

And Worse case just raise say $10m from shareholders to pursue another asset while it’s on back burner

If the deal goes through this Will be one of the only cash shells in the market that’s already got quite a bit of funding behind it, the ~$20m cash it should have = about 1.1p / share.

https://www.eureporter.co/world/russia/2022/04/19/anti-russia-sanctions-could-derail-680-million-sale-of-kinross-gold-russian-assets/

Hes clearly got access to capital and on a buying spree, the 15 year payment terms are an absolute joke.

very odd how a temp ceo was able to put it in admin in 6 weeks

Morrisons take D4e, banks take D4e, £100m raised via D4e and everything is hunky dory, company stays listed and approaches market to raise funds again in a year or so.

In that year they restructure, sell off parts, close losing stores, convert more to Morrisons

No actual new cash needs to change hands till the inevitable cash raise from a stronger position and debt can be repaid from funds raised .

It’s a possible route.

Should carry on rising now till rns after hours confirms offer.
Then it dips / rises to offer price.

I’m out atm, but only because I’ve got paper hands and completed a profitable trade as intended.

Will rebuy any dip but I doubt they come now they need equity to push deal through a shareholder vote.