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Having trouble getting my head round the short position. If the company delists/ceases trading/goes into adm'n. then the shares become worthless or maybe untradeable. Then there is no loss to the shorters. If they really are the guys in the know that have massively shorted PFC and feel the end is nigh, surely they would have to massively buy before the bell tomorrow if they are to make any gain from their positions, if they had'nt already bought along the way, reducing their short for some profit. Head spinning with the logic. Come on you wizards, help de-fog my brain.
The change to pharmaceuticals might inject some interest, but will only inoculate AMC temporarily against totally dying. Without knowledge of the industry, it would have been better to have put our money on the horses. The result would be known immediately, and we wouldn't have to pay the jockey forever while he ran some eternal race.
Love the last paragraph..............."We show that sections of the Tanzanian East African Rift contain
most, if not all, of the prerequisites for an economic helium
province. Noble gas data from gas seeps in the west and east
branches of the Tanzanian section of the East African Rift System
contain 4
He concentrations of up to 10.5%. This, combined with the
potential 4
He generated by the Tanzanian Craton and surrounding
mobile belts of c. 7.0 × 105 BCF (2 × 1013 m3 4He (STP)), implies
that even with inefficient release, migration and trapping, these
regions could provide high-helium concentration reservoirs. In the
region of the Rukwa Basin independent prospective resource
estimates undertaken on behalf of the operator and their financial
backers suggest that there is a P50 (best estimate) of 138 BCF 4He
(2.78 × 109 m3 4He (STP)) potentially trapped within existing
trapping structures (Helium One Global 2020), which, if recoverable, would alone supply the current world consumption for 14 years"
The one exception to appeaser Trump not to take the USA into war was Jimmy Carter. So very sad that his long life of serving humanity is drawing to a close. If only we could find a few other leaders who contine to serve their country and peoples worldwide after their stay in office, instead of the money-making travelling circuses of ex-presidents/PM's we have today, wouldn't the world be a better place.
Why the hysteria and kicking RY. It is quite clearly stated in Oct RNS The sale has been approved by Russian authorities and the changing sanction situation is a concern....
'Robin Young, CEO of Amur, commented: "We are pleased that the Russian Federation has approved the Disposal of our AO Kun-Manie wholly owned subsidiary in the agreed amount of US$35 million. It is our intent to advance to Completion as rapidly as possible given the ongoing geopolitical situation where sanctions by various nation states continue to be modified on an ongoing basis.'
It's no good reading just the good bits abd glossing over the challenges. Realists don't panic. The sky isn't falling down folks.
I've never felt so uncomfortable in making a profit before. The rise of the SP from the recent depths enabled me to do so. However, when realising the circumstances which have enabled it, it almost seems obscene. I refuse to sit in judgement in conflicts. All come about because our leaders set themselves against each other, and humanity, for all its technological and scientific advances, is still hardly a rung or two up the ladder of social evolution. The young Russian lads, with limited training sent to their death, and his fellow comrades ordered to kill Ukrainian civilians are of equal pain to anyone who has a feeling for his fellow man/woman, who on a daily basis wish only to live an ordinary life as all of us do. Whether it is the death of an untrained soldier or an unborn baby, they are fellow travellers on our planet. They all deserve our respect, if not our tears. It is sad that so much comment here is adding to what separates us, rather than how at an ordinary man/woman level, all we want the same thing - to live in peace. I hope the peacemakers can make this happen. At 78 I am too old to naive. I shall be giving a substantial sum of my recent profit to the International Red Cross who operate in all countries without judgement for our fellow world citizens who are suffering. Perhaps if you feel as fortunate as I do to live in relative peace you may join me, and perhaps tone down some of the hatred.
No, the nearest we got to Armageddon was halted by the bravery of a Russian submarine officer hero Vasili Arkhipov whose brave stand against authority saved the world during the Kennedy missile blockade.
Whatever your trading experience it is difficult to express any reservation or doubts about outcome, without being pounced upon as being inexperienced, have an axe to grind, don't understand the value of the company, in someone's pay, or lacking patience. I remember attempting to get some balanced dialogue during the Amerisur fiasco, and suffering the same abusive responses. It wasn't long after the disastrous sale announcement that many devotees savaged the BOD. As a LTH there, and again here, I am hoping to offset the large capital loss suffered there against some profit here. We are all entitled to respect for our judgement of a situation, and a little kindness and understanding goes a long way. A favourite saying of mind from the desert is, 'Trust in God but tie your camel up' There's nowt wrong with caution, it can provide a valuable balance to our thinking.
Tillywhiz, After two years of mega positivity I think you deserve a medal for your tenacity. I picture you as Sysyphus eternally pushing that rock, or REM pushing an elephant up the stairs. Not even FTSE large multi-nationals take this long to sell. I wonder how long you can last before your back breaks, but we all appreciate your 'hang in there chaps' daily words.
A 'reasonable price' is what someone is prepared to pay for something....and if that is the only offer....and long term there's no other way to move to production, then that will be the accepted offer. As sad as that may be for us all.