Member Info for maestro1

They be on holiday just like the banks. Something needs to happen in jan. Shoukdnt take this long for money transfer.

Roger

Maybe shareholders should call an egm and vote this sucker out.

This is scandalous, the target date was 1st nov for deal to complete, so they must have been confident they would get the money easily, this was poor planning by RY.

Amc have agreed to dispose KM, do amc have to do minimum work commitments on the property?

If the directors are not careful the company might be taken on the free.

We were never told it would be difficult to receive money from Svidlov. Almost 4 months since shareholders agreed to sell.

When he wanted the 35m deal to go through on two occasions he did interviews with proactive, since then there has been nothing apart from saying more difficult to transfer cash to company bank.

The only way this doesnt go through is if the west start throwing more sanctions at oligarch and Svidlov is sanctioned too.

I dont think its delay on Svidlov side more to the fact west institutions dont want to deal with russia.

When RY was selling this to shareholders to dispose KM he was implying the hard part was to get authority from russian govt, that sailed through. Why on earth are directors taking so long if they having trouble then they should talk to the cypress accounting firm kiteserve.

RY doesnt care how long it takes hes getting over 12k per month regardless, seriously he really should step down..

They had target date of 1st nov but then they had banking issues, its been 6 weeks since then, surely if they are having problems they need to act.

Also if the money should come they should be ready to go asap, what exactly is RY doing now?

Maybe RY can give us an update via interviee just like he did when he wanted deal to go through

Jezzac

So what about this one, we going to pass the finish line?

Someone will pick that up on the cheap, the point i was making aus, usa and canada safe jurisdiction for western companies..

Canada is good also..

Dont think Svidlov will allow the delay.

They need a bank to accept barings money, surely there must be some banks willing to do business.. gone on far too long, sort it out.

Roger i too saw that statement in rns, RY must be crazy to put that in if he wasnt confident the deal will go through..

We have our frustrating days with amc but svidlov has been doing DD well before the war, he was prepared to pay over $100m for the project. Everything is on sale in russia now, he wont allow deal to collapse imho they have to find a way to get money into amc bank.

Its interesting a rto can add significant value, they can pick up a private company pay some cash and issue some shares to them.

Can easily be 10m-20m mkt cap company.

Make us believe again RY, get our money out of Russia asap.

I think investors are reading too much into this, every year directors ask for potential share issues.

There wont be any rto until KM has been sold and money in bank.

You do know they have $5m in bank at the moment.

Russia authorities have given the go ahead for sale its just getting money into western banks.

Hes getting around $20k per month for no reason, it out of his hands when the money will come to amc bank, the russian authorities have agreed to deal.

He should take reduce wage, he is shafting investors in my view. No way it should take this much time to receive our money.

Eidr

Its not kiteserve by any chance.

Interesting they say the banking issue can be solved anytime.

Eidr

No update on the KM disposal?

TDT

Point taken :)

Gazzleberry

Makes sense why lth may want amc to continue. Buy lithium asset for around 6m and spend 4m exploring that can significantly create value.

But we need the cash in our bank first..