Member Info for maestro1

Katstrangler

I dont think they will allow it to fail this time around, total of 22% voted last time around and i feel proxies may buy shares under 1.8p and get it passed.

Sviblov recently completed cut price deal for kincross russian assets last month, the end is near with amc russian asset.

If the shareholders agree to deal then Putin will allow it to be sold. Sviblov recently completed deal with Kincross for their russian asset, 2 months ago they agreed $680m but last month they agreed cut price of $340m due to russian war. So 50% discount in a few months.

https://interfax.com/newsroom/top-stories/80224/

Amc holders should be lucky they getting something back.

Hufc

"Putin could issue a special waiver in certain cases for the deals to go ahead, the decree said, and the government and the central bank should prepare a list of banks for the Kremlin's approval. The decree mentioned no investors by name."

Svidlov is getting the asset on the cheap, he is an oligarch so it will be done..

The guy has been in negotiation with amc for a while, no other offer has come.

Cant believe some will on spite not accept deal, just giv money to charity rather than lose the lot.

I think this time around they will have the votes. Hav their proxies buy shares under 1.8p.

Pog was a sound company, sanction put them in a bad spot, now it will be sold heavily discounted to some russian oligarch. Probably 10% of value.

Get your divi and sell the rest will make more than 2p.

Etank

1.8p per share is special divi, you will still keep your shares after special divi and the company will still have around 0.6p per share in cash to continue trading.

Bankruptcy

That is my point, they will have around 2.4p per share in cash and a listed company. It adds value, there will be alot of assets under stress in coming months so amc will find some bargains with remaining cash.

Oracle

What a bunch of nonsense, alot of damage has been done.

When do you think war will end?
They have sanctioned russian banks and oligarch, this will not change over night.

I think for at least 10 years relationship with russia will be poor.

Very good chance the asset is stolen from us in mean time if we decide to keep, burning current money just to maintain asset. They will want certain development of the asset we wont be able to kick can. Ppl can pay russian roulette but this is the best deal we will get. Nato want russia to get out of whole ukraine this will never happen.

Well you will end up with nothing. I think this time it will pass.

Such is life, no one expected war, no one expection inflation and cost of living crisis. Current climate im glad we get something back.

Im takin divi and leavin shares in for a year at least.

No doubt if there was no war and no western sanctions on russia and its banks, the asset is worth 100m plus.

Thats not going to happen, europe wants to end relationship with russia, this deal gives us something.

I still believe if they find a nice greenfield asset and they explore can add further value than current 1.8p special divi.

$35m is £29m.

1.8p per share divi is £25m

They had £5m 6 months ago in bank. £4m remaining from dizposal. £9m total is around $11m, couple of million cashburn so they will hav around $9m.. not bad..

Will hav around $10m, they can buy an asset for couple of million and explore it.

Look at mila in australia, gold exploration. Mila has purchased and are exploring for under 10m what is there mkt cap?

Husato

Shareholders reject this then sp goes to 0.6p and you wont even get 1.8p a share ever.

There will be alot of cheap assets around especially with the way the world economies are and im convinced amc can buy one.

1.8p a share divi and remaining in a good asset.

I think they have fallen in love with the stock, i will say it no western banks will invest in russia for next 10 years at least.

I think this is the best deal they will get.

After soviets collapsed energy companies which were profitable were sold at massive discounts. I think amc have got a get out of jail card. If russia just take the asset its gone nothing can be done.

IMHO there is 3 options
1) Take the offer, 1.8p per share divi and keep the shares hoping amc pull a rabbit out of the hat in terms of new acquisition
2) Refuse the offer and wait till the war ends and hope all sanctions have been taken off everyone and offer company to someone else.
3) russia steal the assets and we get nothing

these are the only 3 options, no further offers will come, with option 2 amc will continue to burn cash, will anyone want to pump further cash into amc? more dilution.

Shell, BP, Haliburton the big boys are losing big on their investments they are pulling out.

Only one option for me, take the deal.

take the 1.8p divi and then remaining cash the company can buy a nice lithium asset or a gold asset somewhere else.

you will still keep your shares and received 1.8p divi per share.

Rover62

read the rns no other interested parties involved, no other offers made. No more offers will be made, remember we have sanctioned alot of oligarch and we cant take payment from them nor sell to them.

this is last salon...

"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."

Patiencepoor

to a western company it was worth 100m but no western company is willing to buy or trade in russia.

FOR god sake look at POG how that has collapsed, look at evr holders i bet most will take their money back even though that company makes significant cash.