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Barclays showing 168.
1.8p Div paid 90 days after 1st November?
Many thanks for this Billy. Good of you to give such a detailed account.
Until we get confirmation of a named buyer who’s made an offer it’s all white noise.
Last week’s RNS was a mess in its timing and content.
RY and his team have failed in communication over a number of years. They’ve missed deadlines and been inept at updating us with news on Jinchuan for example. The Habib experiment and foolish predictions re NRR was another case.
However, they’ve been genuinely shocked by the lack of interest in KM as we all have. I recall RY telling us in London 3 years ago ONE Kun Manie deposit would be needed EVERY year once the EV market takes off. Let that sink in..
Let’s all hope this is the beginning of the end where multiple interested parties come forth.
Thanks TD2 and Mike.
6+ years as a holder but the news of Irosta owning KM came as a surprise. I must have been asleep/bored when RY mentioned that.
Ary
I’m not happy with 7-8p. My average is 12+ But I’m grateful for small mercies. RY has no time for us LTHs. He’ll get his consultancy bonus with the new company and be a very rich man.
The RNS should have read ‘we consider 100m to be a fraction of the value’.
7-8p is certainly better than 2p. As you say Norbert, it feels like a bit of a windfall should it happen.
I’m shocked they’re considering a £100m offer.
It can only mean the directors will get paid off somehow.
My cynical view is RY is furious at the leak and was going to RNS it at the last minute. He has no regard for LTHs.
‘The Company confirms that it is in discussions with a potential purchaser to sell its wholly owned subsidiary, Irosta Trading Limited, for approximately the indicated price.’
Not exactly playing hardball are we?
Good RNS the other day.
No RNS. Money presumably going into the region (which is great) but not to AMC directly.
I’d love to be wrong (break even 15p+) but we need clarification.
Has a PP ever matched the current SP? I doubt it. The investor is in the driving seat and can negotiate a price lower than the SP.
· Necessitated by delays induced by the Covid-19 pandemic where the impact of working remotely, the need to maintain social distancing and timely availability of key contract personnel, the Company submitted the application to amend the delivery date of the 1 December 2020 TEO. The amended delivery date for the TEO has been extended to 1 December 2021.
So predictable they wouldn’t meet their Q1 target.
Thanks for this!
Thanks TDT.
An incredible development.
‘Having reached the end of the year, our lead contacts with NRR President Adam Habib and Mining Advisor Robert Marsden are now compiling the close out report for AMC's Board of Directors’.
Poorly written but AH remains AMC’s President (we think..) and RM is a director of NRR.
Like many I’m waiting and hoping for a breakthrough. Difficult to sell up when one’s average price is much higher than current SP.
Hard to be confident when I look at the state of their website. It’s embarrassing how they fail to update let alone inform interested parties. According to it, AH and PM are still very much involved. No updates on the licence renewal etc.
It’s beyond amateurish.