Member Info for Moneyman64

Very poor management by RY again.
Why could this RNS not be issued a few days before the result RNS?
Right resource,right time,right place but wrong management.
With RY in charge the resource may as well be on the moon.
Hopefully buy out by large corporation with ability to develop the resource will be forthcoming -if this does not happen this will not end well for the ordinary shareholders

Ok what is the reality of the situation then?
Why have the milestones not been meet?
What do you consider to be incorrect in my opinion then.?

Standard accountants jargon does not usually knock 20% of a company's shareprice.
We need to know why the milestones have not been meet-RY should not have signed up to them if he had any idea they could/would not be meet

Many posters here seem to be reading the RNS through rose tinted glasses or have had too much sun today.
The facts are
1-RY and the team have not the milestones they were suppose too.-we need explanations why this has happened and not the usual "waffle" from RY and his sidekicks
2-this has resulted in the company not been able to draw money that it requires
3-this has resulted in a possible going concern problem -not good for any company.
The situation is clearly not good and the company could go under.
RY should swallow his pride and look either too
1-Sale the company.
2-Find a genuine joint venture partner with deep pockets.
The suggestion that the milestones have been missed on purpose to cut out Riverfort is clearly ludicrous.
If the milestones had been meet there was no requirement to draw more money from Riverfort and why is RY still talking to them for more funds ?
Sorry to set out the reality of the situation but that is the way things currently stand

RY has to be bear most of the blame here for the shareprice-misdeadlines,bad finance deals etc.
Note some here are saying the shareprice does not matter.
Think if deadlines etc had been meet and promises kept the shareprice might have been in the region of 20p to 30p
If the shareprice was at these levels and not 4p raising a few million would not be a problem

I am not so sure about any SP enhancing news is on the way.
Ever since Crede got involved the share price has only gone one way.
RY has broken promises,missed deadlines and generally undermined/ decimated the value of the long term shareholder's investment.-he would have known there were problems meeting milestones at the LSE presentation a few weeks ago -he should had been truthful then.
The market would have lost any confidence it had in RY ability to run Amur long ago.
Hopefully there will be a takeover approach so at least to let most shareholders get their money back but I doubt RY will even tell us if there was on.
Remember the spike to 40p shortly after the licence was granted-this was probably the level of the "cheeky takeover offer" RY casually dismissed without even consulting the shareholders.
Now through incompetence,broken promises,dodgy finance deals and missed milestone RY has managed to destroy more than 90% of this value.
Please RY be honest with your shareholders and tell us why you have missed the deadlines and stop deceiving your long term shareholders

Perhaps RY would be good enough to explain to the shareholders why the company has not been able to meet the milestones needed in the time required.
Absolute disgrace -all the ramping by RY and his sidekick at investor presentations and on the proactive channel etc and all he does is continually Miss promised deadlines and let the shareholders down.
Exciting time for the company-I don't think so
Time for him to stand aside for someone who can keep promises to the shareholders

In relation to the publication of the PFS "shortly" could mean at any time this century (hopefully)

Rumour has it the PFS publication has been delayed to 2035 to coincide with Elvis Presley's 100th birthday comeback concert. Meanwhile the shareprice is anchored to 5p and the exciting year (almost half gone) has turned out to be a damp squib for long term shareholders

It amazes me that some posters are dismissing the missed PFS deadline as not mattering. Broken promises and missed deadlines is the catalyst for destroying investor confidence in a share and of course has a negative effect on the shareprice. Hence whatever RY says or does not say and whatever happens to the Nickel proce we have been stuck to 5p every since the announcement of the "Great Riverfort finance deal" To boast shareholder confidence a board should aim to under promise and over deliver-not the opposite

See 3375994 shares have been issued to Riverfort in settlement of $200,789 interest and loan repayment At an exchange rate of $1.35 to �1 this equates to an issue price of approx 4.4p -not a bad deal for Riverfort if they can flog the shares on for circa 5p quickly.-remember any profit they make on share sales is in addition to loan interest, RY was doing his best last night to sale the shares on behalf of Riverfort at the LSE presentation Hopefully a lot of finite things happening behind the scenes and positive meetings taking please-only time will tell and hopefully something material/someone will appear from the shadows perhaps once the PFS is issued that will take the shareprice to a higher base level-15p to 20p would be nice for starters as a new base Bit disappointed that RY seemed not to be concerned/even happy with the current shareprice whereas John Peters from SML clearly stated that in his opinion SML shareprice was far too low and hence he had introduced huge management incentives to get the SML's shareprice to more than 3 times it's current price.

I take the opposite view-the large shareholders in HZM will want to see a good return on their investment and therefore act as a control on the board. There is no such control in Amur and the likes of Norlisk can just wait on the sidelines for Amur to run out of money and then snap the project up at "fire sale" value I.e zero after the appropriate fees to the liquidators ans lawyers etc. The Amur retail shareholders therefore get totally frozen out of any returns All large companies have institutional investors

Personally I think it is good to compare Horizonte with Amur and not to be dismissed completely out of hand by some for doing so. It is true that Horizonte raised funds at 1p and 2p but look how the shareprice has performed since-now standing at 4.5p-has the Amur share price appreciated in a similar way in respect of the initial placing by Crede at 10p-no since the Riverfort lot good involved it has been hovering around 5p despite a huge update in resources and other RNS trying to get the shareprice moving. Horizonte have two tier 1 assets-Aragulia and Vermelho and appears to be fully funded for 2018/19 -not reliant on a trickle finance agreement where it is the interest of the financier to keep the price down to get more shares. Horizonte also has significant shareholders-Glencore have 5.2% and Teck Respurces have 14.7%. Amongst the institutional investors are Canaccord Geniuty at 10.5% and JP Morgan at 8.2%. Hzm does not require huge infrastructure expenditure to reach the project Who do Amur have? Bearing the above in mind it seems logical that HZm is valued by the market higher than Amur.. Only time will tell which is the better investment-holding a similar amount of shares in each my money would be on Horizonte to have a mining operation up and running first and hence their shareprice will appreciate faster

Some very relevant questions that should be in mind of all long term shareholders. Do not understand the Rampers attitude in relation to Amur and "the see no evil hear no evil approach" There is little evidence that RY has acted in the interests of the long term shareholders and the company appears to have been used over the last two years as a wealth creating vehicle for the likes of Riverfort,Crede and of course RY. I would also like RY to explain why to date he has being unable to attract a long term genuine partner to the project-say a Chinese or South Korean big player and not let the long term shareholders participate in the raising of further finance. There is also the missed deadline on the PFS -promised to us before Christmas as a live document that could be updated and of course the broken promise in respect of Crede being a long term investor. Perhaps RY should take a pay cut until the shareprice is back to double figure and the money could be used to employ a genuine finance person to act in the interests of the company and it's shareholders and not in the interest of the likes of Riverfort

We shall see which one gets to 10p first -gets taken over or signs offtake agreement-HZM or Amur.? Have roughly the same number of shares in each

RY is in London to try to raise some interest so that his paymasters Riverfort can flog a few more shares. This is going to end in tears unless 1-there is a takeover bid/joint venture-but why not wait until Riverfort have rinsed out the remaining value in the company shares. 2-Some sort of offtake agreement with say a major car manufacturers. Wonder if we will ever see the mythical PFS we are kept being promised or will it be delayed another six months -no doubt due to RY's I-pad not working. Suggest people check out the latest HZM podcast to get an idea of how to run a potential Nickel producing company. Jeremy Martin seems to be already lining up "offtake agreements" and also hinting at a possible buyout if the price is right.

Is that the same PFS that Mr Young said would be issued before Christmas. Therefore would not bank on this being issued anytime soon

Take a look at the RNS on the 13 April for example 1820108 shares issued in settlement of $100066 which using an exchange rate of $1.4 to �1 equates to a issue price of 3.927 p per share. All the other transactions are at a similar rate. Perhaps I have misunderstood but where does your figure comes from? Just concerned that the long term shareholders are being "taking for a ride" over the deal. Have held shares since 2011

Take a look at the RNS on the 13 April for example 1820108 shares issued in settlement of $100066 which using an exchange rate of $1.4 to �1 equates to a issue price of 3.927 p per share. All the other transactions are at a similar rate. Perhaps I have misunderstood but where does your figure comes from? Just concerned that the long term shareholders are being "taking for a ride" over the deal. Have held shares since 2011

Another RNS designed to keep the shareprice just above water but firmly anchored in the low 5's due to the Riverfort Finance deal. Waiting for the second RNS around 4.15 this afternoon say Riverfort have converted another tranch of shares at approx 3.9p giving them another 25% profit at the cost of the long term shareholders