Member Info for Lucando

I think the timing of this RNS is telling. AMC had until December to submit the TEO and going by past performance they milk things until the very last minute, so why the change now.

The Eastern Economic forum is a couple of weeks away and this all seems timed to coincide with that in my opinion.

When people start talking about buying ferraris and porsches, that's the time to sell

Link??

There is no more digging

Indeed I have, but now as it plays out it seems you have called it right and I've called it wrong

Absolute dog of a share. The contempt held for shareholders is palpable.

With today's announcement and what has went before I'm wondering is this tied to the delay in the TEO.
On the 27th of October last year we became aware the NRR deal was not quite what it seemed. Subsequently in November we were notified the TEO was being delayed and at the start of Decemebr Adam was removed from the board.
The explanation for the delay of the TEO was spurious in my eyes. Could the real reason have been around the legal matters we were told they were discussing with solicitors.
What if it became apparent hostile manoeuvres were being made for the company and the only way to put these off was to withhold the TEO and risk the licence being revoked?
Now things seem to be moving and with the recent JORC I expect the TEO to be submitted anytime and well before the December deadline

You need to take off the rose tinted glasses.

The evidence for it going pear shaped is quite clear. We bought an income producing asset which was supposed to pay us CLNs for three year at the end of which we got back our original investment or converted it into 13% of the company.
To sell it now after less than a year indicates to anyone with the slightest intellect that the investment did not play out as hope, ergo, pear shaped.

Where did I say NRR wasn't good. I'm saying that it's went pear shaped as they have had to sell it

I think the silence has been due to legal issues in the background and AMC being told to keep quiet whilst it was getting resolved.
Whatever happened, the NRR deal has gone massively pear shaped in some way. We were diluted on the basis of finding income producing assets. Now that asset is gone what was the point of the dilution.
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.

Adam must have been up to no good

Another point to note is that the TEO is mandatory. Failure to complete it could result in the licence being taken away, therefore no one is going to make a move whilst this is the case.
If we see things speeding up and TEO being submitted it could indicate things moving significantly in the background

Yes, I believe this was the last study needed for inclusion in the TEO. It could never have been completed without the issuance of this so I agree that it mustn't be far away.
They have delayed the release of the JORC long enough so could easily have delayed it longer if they wanted to.
Exciting times and maybe a period of more regular news flow coming up

How to you infer that Peter?

We believe shareholders have a good cause to be optimistic about the future of the Company, and we thank them for their patience and continued support.

Yes, and no implosion of the company as some have been suggesting. All looks good

Why does it matter. Its news already priced in

Thanks Tigra. Was just thinking out loud.

Yep, I've got mine and eagerly awaiting any announcements.

I have never been invested in a company before that paid a special dividend so not sure how this will play out.
I think some of the figures being talked about here are quite astronomical, but let's say a special dividend of £1.00 ps was paid out.
Theoretically is it not possible to hold the shares to get the dividend and the day before the ex dividend date open a separate short as the price will fall by the dividend amount?
As I say, pardon my ignorance on this if completely wrong.

Nm