Member Info for MadMat

another one for the ignore list

its no where near 11m
facts are indeed facts and you need to check yours. you seem to just be making them up
https://www.statista.com/statistics/269729/documented-civilian-deaths-in-iraq-war-since-2003/
https://www.statista.com/statistics/269037/responsible-for-civilian-deaths-in-afghanistan/

It's been suggested by others on this board that the co. should be wound-up and all the cash distributed. This is an idea I'm starting to think is the best option.
There is actually no other viable option on the table at present. The AMC website still says "Amur Minerals Corporation is a developing mineral exploration company focused on base metal projects in the far east of Russia." FFS
There is no plan for what comes next... and even if there was then who would trust the bod to deliver against it.

When we receive the cash, assuming we have about 5m remaining from the Nathen River sale... that should give us about $40M cash in the bank. No debts no assets.
With 1,394m shares in issue that's 2.8 cents or 2.38p per share.
Surely that would be a reasonable valuation until the divi is paid.

Can anyone see that happening?

Or... is faith in the BoD so poor that a co. will continue to be valued as it is?

In my view the share buy back is a good thing. Its shows confidence in their own future and spare cash available to investing themselves.
The fundamentals also look good. Divis @ about 5%,
2022 profit more than double that of 2021 and the best for 5 years
SP at a 6 year low, even though profits are at a 5 year high.
For me this is a buy… so I’ve bought some.

Tricky, you serious think I'm trying to do something... ? Other than converse... I previously thought making such accusations would be beneath you.

"Suggesting the buyer is responsible for all of this"... FFS...
Do you .... can anyone ... seriously hold the buyer or seller responsible for any of this?
I don't believe either party started the war...
Bye

TDT2, sure ... plenty of company's have sold their RF assets... and in these cases would you happen to know if it was the buyer who got the buyers cash out of Russia....
or was it the seller who got the buyers cash out of Russia ?
Perhaps that's an over simplification... it's not getting the cash out of Russia that's the problem... (that's been approved but Putin himself I believe)... its finding a western bank able and willing to receive it... perhaps that's something RY could help with... perhaps RY could do more.
But as always the onus of payment is on the buyer...

hi... the problem is that Russian money is now dirty money and no bank in the West can touch it.
So who is best placed to find a way to clean it... any kind of round the houses route... transferring money to Belarus, then Switzerland, Cayman Islands etc.. so it eventually turns up in a legitimate looking account that we can accept funds from must surly be down to the buyer to figure out.

The other possibility is that sanctions are a policy and can be waved, I would think... with special permission from the foreign office... If the foreign office says a UK bank can accept it then I'm sure they would. Perhaps making that case is something Robin could be doing.

I want my divi also...
bitter regrets for not selling at 3.5p this time last year... greed on my part...
Desperately hoping this deal will come of....
But if the buyer cant stump up the cash... I'm sure we should blame the seller

As I said earlier... what I would like to be hearing about is a plan B... ie we have our mine plan coming together and we will meet that key milestone... or has the mine plan been abandoned as all our eggs are in the Spiv basket

perhaps spiv wasn't ready in October...
maybe the lawyers were still messing about
either way, I don't think we can blame Robin for the impact of sanctions...

Why cant Spiv take it upon himself to get his cash out of Russia? Open a bank account in Cyprus... via third parties... whatever it takes.

I don't see how the cash flow problems of Spiv are something Robin can be expected to help with. Its Spiv's job to get his cash to a place where he can use it.
What I would like to be hearing from Robin is that the mine plan is progressing and will meet the deadline for delivery.

My concern is the longer this goes, the greater the threat of loosing the asset.

Well, I'm sitting on positions with a few of the major airlines and I'm betting they'll all double or better through the course of 2023.

As people tighten their belts due to inflation etc, its the budget airlines that will recover more quickly than the premium ones.

If anyone has a reasonable fundamental based explanation of why SPs are lower now than during lockdown then I'd love to hear it. Otherwise I'll continue with the view that these prices are exceptionally low driven by sentiment... and as that improves so will the SP.

excellent news IMO... lower costs, shared assets & facilities, more streamlined organisation, better service levels
All good for the business...
I expect there are a few middle / senior managers worried about their job security.

How can a co that goes from a 6M loss to a 90M profit in 1 year, be valued at only 38M ?

we're pretty close to the 5 year low... and have recently started paying divis again...
Bodes well to me
But look at what the brokers say

Broker Recommendations for BT (BT.A)
Date Broker Recommendation Old Target New Target Rating Type
02-Dec-22 Citigroup Neutral 185.00 130.00 Reiteration
01-Dec-22 Berenberg Bank Hold 190.00 190.00 Reiteration
29-Nov-22 Barclays Overweight 220.00 220.00 Reiteration
25-Nov-22 JP Morgan Cazenove Overweight 285.00 265.00 Reiteration
15-Nov-22 Barclays Overweight 220.00 220.00 Reiteration
04-Nov-22 Berenberg Bank Hold 140.00 140.00 Reiteration
01-Nov-22 Deutsche Hold 140.00 140.00 Reiteration
31-Oct-22 Barclays Overweight 220.00 220.00 Reiteration
10-Oct-22 Deutsche Hold 140.00 140.00 Reiteration
13-Sep-22 Deutsche Hold 140.00 140.00 Upgrade
06-Sep-22 Berenberg Bank Hold 220.00 190.00 Downgrade
02-Aug-22 Barclays Overweight 240.00 240.00 Reiteration

I think most of the private UK residential customers are happy... it's always the unhappy ones you hear from.
The vastly more important thing is the satisfaction levels of the big customers.... Nato, MoD, UniLever... and so on

I cant see anyone using StarLink in areas where FTTP or even a reliable copper line is an option. But that leaves quite a lot of areas, particularly outside the UK, where StarLink is the cheaper of the available options.... such as Sat Phones or private VSAT.
I don't see that StarLink represents any serious competition to BT.

strange they claim not to have a UK presence when on their website it says they do...
https://wizzair.com/en-gb/information-and-services/about-us/company-information#:~:text=Wizz%20Air%20UK%20Ltd.,%3B%20registration%20number%3A%2010982241).

Either way.... anyone traveling in these uncertain times without travel insurance, needs their head looking at imo

I'm probably not the only person on this board wondering 'what's so funny', so perhaps you could enlighten us...