The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
''In the current circumstances, I'm surprised RY managed to get as much as he has for it, in fact even managed to get anything''.
Very noble of you Mrs Young!
The only reason I can see sanctions not to be lifted quickly if Putin was to be removed is that there would be calls for some of the Generals (what’s left of them – reports say up to 12 have been killed, which is almost unheard of in western armies) and Senior Ranks to be tried for war crimes.
I believe that the potential buyer of AMC has been very shrewd in his negotiations with his timing nearly spot on and with him going through the appropriate channels (I never bought into some of the more outlandish ideas on here – nobody wanting to be taken seriously on the world stage would buy a resource that’s deemed to have been stolen and certainly not in the current climate of sanctions). Maybe a few weeks back would have better suited him as its now clear that the optics have changed both in the Ukraine (clear for weeks) and now Russia. I hope I’m wrong but, I’m afraid that this may already be a done deal which after all this time and not inconsiderable patience from loyal PI’s will be a shame. A bit more patience and hard-nosed negotiation from a capable bod would have carried the day. Wrong time, wrong deal, wrong bod.
Just voted with HL. I wouldn’t sign off a BOD, SOW, Specification, DJR, DSR, ADMS, Construction Strategy, Risk Assessment, or any other document without seeing and checking it first as that would be completely unprofessional. I see this as no different. I voted to reject the offer.
Understood MadMat. I was think more on the lines of yachts being seized than bank accounts etc. frozen
yes, the next 10 years will be like getting pecked to death by ducks!
MadMat
If the asset was seized by the RF couldn’t the UK government retaliate in some form, for instance assets seized so far are confiscated?
Always makes me chuckle how LTH’s wear it like a badge of honour and that they have some form of insight that everyone else hasn’t and that from a 10-minute (or less) chat 6 years ago they’ve gleaned everything that can be about an individual. Well guess what, nobody had any insight into this thin gruel of a deal not even the self-proclaimed soothsayers/LTH’s.
Having listened to the interview I’ll admit I’m torn on what to do with regards to the vote and I’m uncertain for the following reasons;
It’s my view the BOD of AMC has taken more than enough wrong turns since the licence was issued and so I feel we could have potentially avoided this scenario if deadlines had been met.
The potential buyer is nothing more than an opportunist/chancer.
I’ve grown to dislike Robin Young, as I believe he’s been duplicitous over the years along with simply not being up to the job.
It’s an extremely poor deal at the worst possible time.
I’d like to see all documents produced by third parties that pi’s money have paid for.
What exactly do the BOD do/produce to justify their salary’s? As far as I can determine all document, studies etc have been produced by third parties who will have their own internal checking & signing off procedure.
I do believe that other markets particularly in Asia could have been explored over the past number of years as the metal is in demand.
However,
I do feel that RY hand has been forced on this as intimated in the interview.
RY says it’s the best deal that can be struck at such time. Well id have to take his word for that.
Also,
What’s stopping us just waiting it out? The war in the Ukraine will end sooner, or later.
RY mentioned other potential markets such as the DRC. No thanks.
Overall, extremely disappointed with everything concerned with AMC. Time to lick my wounds and console myself with a single malt.
All the best to all holders of this share whatever you decide to do.
and
''Western companies are pulling out of Russia and field work will be extremely difficult to get signed off''. What field work??
''Westerners are advised against travel to Russia''. id be surprised if any of the bod have spent much time in Russia over the last few years anyway.
''Clearly unable to raise cash in future and apparent complexities behind the deal''. See into the future can you?
''Additionally, in order to move Kun-Manie into a development and production phase, significant further investment is required to be made, including significant expenditure on infrastructure and access roads and there is no guarantee that Amur will be able to source and execute financing agreements to meet this required spend given the current volatile market. This also complicated the execution of this transaction'' None of this is new, or immediate.
That’s right Crazytowner the BOD have done a fantastic job in creating value for us ever so humble PI’s. Now off you go and make your boss a cup of tea. Know your place man.
Rover62 yes we have to have a fire sale because as we all know wars go on for ever.
Don’t be getting bent out of shape old chap. Unless you can read minds, a crystal ball, or the veils have parted for you, your right to an opinion doesn’t make your opinion valid. I’ll choose to ignore your, or anyone else’s judgement based on nothing tangible if that’s ok with you.
''most would approve a deal if it meant 6-7p or probably less'' taken a survey on this have you?
I don't know where to start with this! I didn’t know we had the real Forest Gump here! Shouldn’t you be shelling shrimp somewhere?
Thanks Geng. If you can keep posting your charts please it would be appreciated. The more educated comments/posts on here the better. That rules you out bakeryfish.
Geng things have moved on a little bit in the last 24 hours and so has your view/analysis remained the same?
Don't do anything daft Bakeryfish. Oh and don't forget to look under your bed before going to bed as you never know what's under there!
All you people pearl clutching about Putin and the reluctance of the west to deal with such a tyrant, please educate yourselves about business with certain despots (behind closed doors of course) that have taken place over many years. Failing that make yourself a tinfoil hat and climb under the bed with a well-thumbed copy of The Mail, or some other such sorry excuse of a newspaper. With regards to the current BOD being the right people to take this project forward, well there’s been an abundance of evidence over the years to suggest that they are not, unfortunately.
Message for RY (who I believe looks in here every so often). As you have no intention of doing the decent thing and jogging on, shoulders back, smarten yourself up, show some enthusiasm and crack a smile occasionally.
I don't think for a second that a company would choose to do that no. However, any company is only as good as the knowledge and experience within its ranks and I've seen little evidence over the years to suggest that the bod (although I have confidence with the latest addition) have what it takes (knowledge, contacts etc.) to obtain anything better. Are you suggesting that of all the companies out there none would have been able to secure better packages over the years? If you are you need to get out more.
Also, ‘’ The discussions over dilution are a bit short sighted’’
Been in this share for 7 years pal and witnessed enough false dawns, missed deadlines and half-truths from RY that would have cost anyone else their jobs in an accountable business.