MD
This is not about me being positive or making excuses. Its fact.
The drill result for 2018 have been communicated to us last year. Even the elusive final 5 holes are in an RNS.
What has not been communicated is the modelling of the resource upgrade. It has been stated by a number of posters that this has been done/must have been done by now. Well the fact is it hasn't. As I said - Its currently being done.
Whether I like that or not that's how it is.
Reserves Estimate - compiling resource estimates incorporating the newly defined mineral zones identified during the 2018 field season. Resource modelling is underway. Oreol is presently compiling the resource estimates for each of the three deposits of Maly Kurumkon / Flangovy, Vodorazdelny and ISK (the now linked Ikenskoe / Sobolevsky and Kubuk deposits). Completion is expected in Q4 2019.
It's currently being done.
Or maybe a strategic partner as per recent Rns.
Oh ok thanks.
Overall a good Rns imo.
Did anyone else notice the note 9 towards the end that has number of shares..
28,403,045 with a settlement of US$ of 590,408. It has no date! Is this the next conversion?
Ok many thanks GB33.
DShox
From memory the monthly repayment is due around 21st of each month so Riverfort will most likely be in possession of a convertible note for this months repayment. However AMC does have the right at this sp to give notice to repay the balance in cash. So if a partner or proper investor stumped up then yes they could be repaid. Same would obviously apply in the event of a sale.
DShox
Considering how much is now owed to Riverfort and the recent example that they are infact willing to allow a run up in sp before selling, I wouldn't be at all surprised if they now have half an eye on their warrants. They will be aware that to make money on those they need a higher share price so I am not sure they will want to be so heavy handed going forward with regards to share price erosion.
The mid accounts may come tomorrow or latest Monday. If these contain some positive nuggets then this may help the sp going forwards. If they are received poorly then the sp may take an unwanted hit.
Its all guess work as usual though.
Just wondering how many you think Riverfort may have left now. Cant be many. Im thinking that we have probably bottomed and the next conversion (which should be a lot less than the last one) will come soon based on the low Vwaps of the last few days.
TIA.
That's better.
So NDA's have been in place then.
I don't attribute the fall in the sp over the last 12 months to dilution.
If you look at the actual true dilution via the increase in shares compared to the percentage fall they don't add up. This is about fear. At some point that fear will be removed. When is the unknown.
I agree CT. From memory RY used to call it a mining 'hub' but 'complex' is the same thing. I also recall he said AMC would be at the centre of it all.
The new poster was removed swiftly. Thanks admin. I wouldn't be surprised if they take further action against the individual at some point for constantly wasting their time and breaking the rules of the BB.
Well neither of us have access to their job specifications or contracts of employment so like with most investments you trust the CEO to employ the team he needs.
Sorry I cant be of any more help.
Well you clearly assume not a lot. But just because you assume something doesn't mean people should be "let go" as you put it.
If RY needs them, then at $50k a pop they can stay as far as I'm concerned.
About the same as other Execs do I expect.
But you said relatively high and I assume you mean relatively high to other Execs so imo its not high.
I personally don't think $50k a year each is too bad.
AmurTigers,
It's in Russian so I can't read it. Could you explain what you mean please.
That's ok Gamer no offence taken. I have had plenty of gripes with RY and AMC over the years. I prefer to deal with those myself. CBS will confirm that I questioned RY and Paul Mackay quite considerably at the meeting in November last year. We all have doubts and concerns, but we all handle them differently.
Good luck to us all anyhow.
Just one example of why it may suit for the sp to be low is so that AMC can give notice to repay Riverfort with perhaps some of the funds a partner may bring. If the sp rises too much they don't have that option.
Anything could be going on tbh.