Member Info for MadMat

some trades logged after the bell... does anyone know if they're buys or sells?

17-Nov-22 18:09:59 2,199.00 17,570 Unknown* 2,206.00 2,220.00 386.36k
17-Nov-22 18:09:57 2,199.00 4,698 Unknown* 2,206.00 2,220.00 103.31k
17-Nov-22 17:53:29 2,210.901 31,466 Unknown* 2,206.00 2,220.00 695.68k
17-Nov-22 17:37:16 2,199.00 15,813 Unknown* 2,206.00 2,220.00 347.73k
17-Nov-22 17:34:10 2,199.00 15,941 Unknown* 2,206.00 2,220.00 350.54k
17-Nov-22 17:08:34 2,199.00 15,941 Unknown* 2,206.00 2,220.00 350.54k
17-Nov-22 17:06:23 2,196.826 19,254 Unknown* 2,206.00 2,220.00 422.98k
17-Nov-22 17:06:23 2,196.826 19,254 Unknown* 2,206.00 2,220.00 422.98k

All I’m trying to say is that seeing Russian politicians calling for peace talks is very encouraging and suggest to me that better time ‘could’ be on the way.

Imagine 3 months from now Putin is removed (or dead), and new Russian leadership is trying to build bridges with the West. We might regret sell our asset at today’s knock down price.

Of course, it could go the other way and the Russian guy calling for peace talks yesterday could be found swinging from a bridge today.

totally off limits... except when it comes to stuff that we want...
indeed, Russia was never an easy place to do business... but business was still done

Point taken but I think you know what I mean... another 6 months and the commercial/business situation with Russian could be far better.

Just watching the 10pm BBC news and they're talking about Russian politicians calling on state TV for peace talks with Kiev...
I hope we're not about to sell our mine for a song just as peace breaks out.

The glimmer of hope is that someone assassinates Putin and sanctions are eased.
I hope AMC is still working on the mine plan, just in case its needed.

https://www.news.com.au/finance/work/leaders/putins-days-are-numbered-claim-assassins-responsible-for-darya-dugina-death/news-story/f54382748cdcade08ae3e5119958650f

https://www.spectator.co.uk/article/alexander-dugin-darya-putin-russia-ukraine-assassination

"Warehousing shares up until the point where you feel you have enough to win the vote"
Isn't preventing this the precise reason for the 3% limit without declaration... Clearly that can't be enforced but surely if foul play is suspected the vote can be annulled. ... or can it not?

are we talking about futures contracts...
... these are different from the Spread Bets and CFDs that PIs used...
futures contacts are a tool for professional traders... are they not?

I would also like to be enlightened Geng... when you have a few minutes please.
What is this 'rollover' of which you speak?

and your point is ???

https://www.theguardian.com/world/2022/jul/03/liz-truss-mulls-seizure-of-russian-assets-in-uk-to-give-to-ukraine

Did anyone see this article?

My feeling its designed to put pressure on the oligarchs… who will put pressure on Putin. How must it feel to have your 50Billion nest egg confiscated… or the threat of that.
You’d be on the phone to your oligarch mates plotting how to kill Putin and replace him with someone with some business sense.

The sanctions and seizure sabre rattling is all fair on this front of the war… But if this actually happened then I’d expect western assets to also be seized.

rosscorp, pretty much agree with all that... except I'll not be "content to accept ZERO rather than accept the offer presented."
I will stand my ground in the belief a better offer will come... but if it doesn't and we loose all then I will be far from content.

agreed, enough said on that matter.
thanks for your intelligent input guys

I have absolutely not said "we will get an upfront offer"...
I may have suggested the fact Kinross got one increases the prospect that we might....
To which you said "Cash upfront aint gonna happen.." and now we understand the basis of your view... so thanks for that.

I think you're taking a guess at what's going on in the mind of the Kinross buyer... and assuming the same will be going on in the mind of our buyer.
guess work + assumption = low degree of certainty

I understand what you're saying... but I'm not sure it necessarily follows that to get an upfront offer you need to be in production. Seems like a leap of logic to me. Or did I miss something?

JEZZAC, why do you think a cash up front offer wont happen? It happened for Kinross that we know of and possibly others that we don't.
If they want the assent then a better deal will appear as it seems unlikely the asset will be nationalised...

I think most of us here would agree with that, but the sale terms of the current asset and what to do with the cash we receive are two entirely separate subjects.

I'm considering the 680M as a fair valuation at the time, in the same way our NPV is also a fair valuation at the current time.
So if they got half their fair value maybe we can get half of ours too.
Personally I see the payment terms as part of the deal. So when the payment terms are improved, massively such that most of the cash is paid up front, then in my view so is the deal.

I take some comfort from the facts that
a) the Kinross deal was improved
b) our TEO based, conservative NPV is know out there... and this must surely be considered a fair valuation

So an offer at 50% NPV with payment upfront would work for me... just...!
Otherwise I'm prepared to wait it out.