look at the those very small AT trades, someone definitely controlling sp, judging the sentiment both here and the telegram group it seems they are resigned to the deal and most would agree to disposal. I think they will get 50% of vote for disposal now.
Kinross got around 25% value for their asset and it seems we will too. It was Svidlov who purchased Kinross too.
anyone selling now either already has 95% or are crazy, you can make 40% on your holdings and keep your shares.
AMC are getting on 25% of the value of KM, the deal should go through with ease should shareholders agree. Svidlov will make a killing.
i think in sept we will be paid, i think the NAV will be around 2.4p per share once we get paid, look at current sp 1.35p.
I believe the vote needs over 50%, most of them that voted no last time it appears will accept offer. They know they have been shaken down by mafia (russia)
Kinross was paid in 2 months of first deal, had the russian authorities not got involved changing the deal one can speculate it would have been done quicker.
Rem our ceo said within 3 months of announcing our deal, wont be surprised if its completed in september.
What happened in may, why didnt they vote then?
I think someone will be accumulating shares or hav been since deal. 50m shares is not alot.. we shall see...
Just watch RY interview he looks stressed. I think he knows this is our last chance to extract any money from russia its gone too far. Our chancelor was sayin today we cant let Putin win. What the hell...
I think svidlov can easily buy 50m shares and win the vote, on £650k worth of shares.
Last time around there was only 16% of sharecapitol held by disgruntled share holders.
I think the proxys have already purchased. He will make profit on amc shares also. Why are holders allowing them to buy cheap.
Guys everyone should vote, dont throw your vote away.
Whether its a yea or no. Lth and new investors all vote, only 22% voted last time.
So all investors email your brokers and definately vote dont waste vote.
The ceo is clear reject this and we get nothing. Kinross asset was worth over 1bn but sold for 340m, dont let this be another POG. Sonething is better than nothing...
REMEMBER KINROSS AGREED 640M WITH SVIDLOV BUT THE RUSSIAN GOVT WOULDNT GIVE PERMISSION TO SELL AT THAT PRICE AND SAID 340M THE MOST.
ITS NOT ONLY SVIDLOV BUT THE RUSSIAN AUTHOROTIES.
THESE LTH HAVE TUNNEL VISION, IF YOU WANT TO BLAME SOMEONE BLAME NATO SINCE 2014....
I think you are bang on the russian authority are anti west at the moment they will not want western countries to benefit.
Some here have tunnel vision, in winter when putins shuts the gas in europe it will get worse.
No other party is interested, 6 withdrew after war and all major banks who finance have been sanctioned, dont make this another pog.
You say you are sure he will make another offer. What if he doesnt?
The rns clearly says this is Svidlovs final offer, dorectors are not lying. Company has said this is final opportunity to recover sunk cost.
People like you have tunnel vision.
Just put it out there:
"The Company has been advancing the Project in accordance with the terms of its Detailed Exploration and Mining Licence and notes the anticipated life of mine capital cost estimate of US$ 1.92 billion, including US$1.14 billion for preproduction and construction costs of a 12.4 million open pit ore tonne per annum operation, as detailed in the TEO Project Russian feasibility study. The Company does not foresee this financing being readily available in order to advance the Project to production.
-- The Company has received no other proposals for the acquisition of Kun-Manie and is not in discussions with any other parties regarding a disposal of the asset.
-"- The Company does not foresee that another offer to purchase Kun-Manie would be forthcoming in the event that the current offer is rejected.
Cant believe some investors just have tunnel vision and believe another offer will come, this snippet and phrase used in rns "final opportunity". They still dont want to read what is in the rns, if amc run out of cash company will lose its asset no one will invest in russia, amc cannot hold onto asset and kick the can hoping another offer will come.
"...and has ultimately concluded that this is now the final opportunity to recoup the Company's sunk costs in Russia when taking into account a number of internal and external factors that have affected the Kun-Manie Project:"
Rns snippets, when big business men say its last offer then its last.
"The US$ 35 million offer for the purchase of our Kun-Manie asset is a last and final offer from Bering Metals LLC, a Russian incorporated company controlled by Vladislav Sviblov."
"Given the geopolitical situation, we HIGHLY recommend that shareholders approve the offer which at completion and receipt of a single payment of US$ 35 million, a special dividend of 1.8 pence will be paid to shareholders within 90 days of receipt of funds."
Should shareholders reject the sale of Kun-Manie, there are virtually NO alternatives available to our advancing development of the project. This includes a sale to non-Russian entities or to the ever increasing list of Russian sanctioned mining companies, funding institutions and banks. The majority of international resource associated entities within Russia have or are also withdrawing from Russian activities and operations.
"The Company does NOT foresee that another offer to purchase Kun-Manie would be forthcoming in the event that the current offer is rejected."
Its yes for me, we are at the end.
Directors said if the deal is rejected there are no alternatives to take the project forward.
Look at syria, russia, usa and iran are still in their. Nato and ukraine have said we will not negotiate unless russia withdraws fully, this isnt gonna happen. So this conflict will last years.
Amc is small fish, for all russia can do is take the asset away from us, what will we do? Take them to arbitration, how will we fund that? Will they care?
I suggest the no voters read the rns it states that this is Svidlov final offer, no more. Stubborn ones hoping for a miracle will not happen, you will lose it all. If you are so damn in losing it then take offer and give to charity as least someone benefits.
Last time only 22% of voting rights voted, 75% of those voted no, alot of finally conceded this time this is last offer so i see it passing.
Read the rns, directors and lawyers and nomads would have verified the rns.
Now that the deal is out in open am i right in saying Svidlov and his proxies can buy shares to get the deal over.
Only 15% of share capitol voted against the last deal, alot of defected from their now.
Im surprised not many of the lth are posting here after the current deal, they were in may.
Is the telegram group still active?
KinRoss received their cash in dollars, all those that were saying doubts on whether payment can be made.
Svidlov was also the buyer for kinross asset..
"TORONTO, June 15, 2022 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX:K; NYSE:KGC) (“Kinross”) announced today that it has completed the sale of 100% of its Russian assets to the Highland Gold Mining group of companies for total consideration of $340 million in cash. Kinross has received $300 million in U.S. denominated cash in its corporate account and will receive a deferred payment of $40 million on the one-year anniversary of closing."