Member Info for OAPK20

Remind me how bad weather affects assay results ?

Important points-

1. 240 days after the last submission in all other cases.

2. The duration of pending cases can vary significantly, often taking several years to reach a conclusion. The average duration for ICSID proceedings is typically around four years.

Please provide a link confirming International Mining Company Invest inc have confirmed last submissions and the process is complete.

Better still provide the AMG RNS confirming International Mining Company Invest inc have confirmed last submissions and the process is complete.

Or explain the Definition of Pending in ICSID Context

General Meaning

In the context of the International Centre for Settlement of Investment Disputes (ICSID), "pending" refers to cases that have been registered but have not yet been concluded. This means that the arbitration process is still ongoing, and a final decision or award has not yet been issued.

Implications of Pending Status

Active Proceedings: Cases marked as pending are actively being processed. This includes hearings, submissions, and deliberations by the tribunal.

Timeline: The duration of pending cases can vary significantly, often taking several years to reach a conclusion. The average duration for ICSID proceedings is typically around four years.

Transparency: ICSID maintains a database that lists all pending cases, allowing stakeholders to track the status and progress of each case.

Importance of Pending Cases

Pending cases are crucial for understanding the current workload and efficiency of the ICSID arbitration process. They reflect ongoing disputes between investors and states, which can have significant implications for international investment and relations.

Given the above I’m surprised you didn’t look at Kyrgyz authorities and recent developments.

The reason I said unless International Mining Company Invest inc get their licence back.

In June 2024, the Kyrgyz parliament voted to lift the ban on uranium mining. This decision was made to stimulate the economy, which has been struggling due to the impacts of the COVID-19 pandemic and international sanctions. The government anticipates that resuming uranium production could generate significant revenue, estimated at around $2 billion.

Mining Licenses and Environmental Concerns

The government has begun reinstating mining licenses for uranium extraction. However, this move has sparked protests from environmental activists and local citizens. They express concerns about potential environmental disasters, especially given that some uranium deposits are located near sensitive areas like Lake Issyk-Kul.

But given they have raised a case with ICSID are they prepared to end proceedings to get their licence back at the risk of getting shafted or will the Kyrgyz parliament reinstate the licence so the proceedings are dropped.

Keep pumping though 👍🏻

Video is 25 days old (uploaded 1 Feb 2026) — most of the content was already known from prior RNS and company updates.

• No major new catalysts or numbers disclosed (no resource size guidance, no production start date certainty).

• Cautious phrasing on timelines and geology tempers hype.

• Current share price (~2.6-2.8p range recently) is dominated by post-dilution overhang and waiting for assays/JORC — one old interview does not move the needle materially today.

• Low engagement on the video itself (typical for niche mining podcasts) means limited new retail/institutional reach.

Current Context (26 Feb 2026):

The fresh Mining Licence RNS is far more immediate and positive than this interview. The licence directly de-risks the “planned Initial Mine” area and validates the development path Long discussed in the video. The interview provides supportive narrative “colour” but the licence is the real near-term driver.

Company Strategy: “Dual strategy” — build a modest, cash-flow-positive initial mine while continuing aggressive drilling to expand the resource. Emphasis on bootstrapping with low-capex modular plants (500-1,000 tpd) to generate cash for further exploration instead of repeated large equity raises or debt. Goal: “Make money for shareholders from the bottom up.”

• Agadir Melloul Project: Shallow sedimentary copper deposit with near-surface mineralisation (low capex/opex advantage). Additional rhyolite copper-silver zone (potential separate project) and unexpected shallow gold intercepts (e.g., 2.5 g/t over 1m at ~20m depth — “worth $400-500 per tonne”). Compares favourably to nearby Tizert mine (130 Mt @ 0.9% Cu) but notes Agadir Melloul is shallower and has multi-style mineralisation.

• Drilling & Operations: Now running its own diamond drill rig (cost savings, flexibility, less downtime). In-house approach praised for speed and control in Morocco’s skilled local ecosystem.

• Timelines & Milestones: Maiden JORC resource targeted mid-year (end Q2 / early Q3 2026) — sufficient for initial mine. Pilot plant work via Afrey Lab (Marrakesh); feasibility study starting immediately. Construction decision targeted H1 2027. Modular plants to produce ~1,500-2,000 t contained copper/year initially with ~50% margins at assumed $14k/t Cu.

• Morocco Jurisdiction: Strongly positive — “underexplored with real opportunity”, stable, supportive government, excellent local expertise (drilling, plant construction). Long credits introduction via Zambian contacts and COO Nerdine. Views it as “rocket fuel” for the right geology.

• Financial Approach: Funds from recent raise dedicated to drilling, maiden resource, feasibility, and pilot work. No mention of immediate further raises; focus on generating internal cash flow to reduce dilution risk.

• Risks & Caution: Explicitly notes geological uncertainty (“gold size unknown — need more drilling”), permitting timelines, and that “things change”. Does not overhype gold or guarantee size of resource. Conservative on exact timelines.

Unless International Mining Company Invest inc get the licence back then 9.9% of International Mining Company is zero value to AMG. Unless International Mining Company Invest inc announce a dividend to share holders on a successful claim how do AMG monetise any part of an award.

International Mining Company Invest inc are pursuing $63M but realistically they will get 5-30% of that and pay 40-55% out in legal fees from any award.

Hearing was scheduled in Washington November 2024, but all those claiming AMG own the Uranium already know that.

“A lawsuit was filed against Kyrgyzstan in international arbitration due to a ban on uranium mining, the Ministry of Justice of Kyrgyzstan said, 24.kg reports.

Now, at the International Center for the Settlement of Investment Disputes in Washington (USA), the process of appointing the composition of the arbitration tribunal by the parties in the framework of arbitration proceedings with International Mining Company Invest inc. is being completed. (IMC), the report said.

In September 2022, a petition to initiate arbitration proceedings was registered. The company's claims against Kyrgyzstan relate to the alleged illegal expropriation of investments in a uranium mining enterprise. The company lost its license due to the introduction by the authorities of Kyrgyzstan of a moratorium on exploration activities and the development of uranium deposits from January 1, 2020.

The amount of the claim is $63 million plus legal costs.

The ban on prospecting, exploration and production of uranium deposits in Kyrgyzstan was introduced from January 1, 2020.

CentralasianLIGHT.org

December 29, 2022”

IMC Invest v. Kyrgyzstan

International Mining Company Invest, Inc. v. Kyrgyz Republic

(ICSID Case No. ARB/22/25)

Details of investment

Exploration and production licence for the Kamushanovskoye uranium deposit.

Summary of the dispute

Claims arising out of the Government’s 2019 decision to ban uranium mining, halting the claimant’s mining project at the Kamushanovskoye uranium deposit.

Arbitration Rules

ICSID (International Centre for Settlement of Investment Disputes)

Administering institution

ICSID (International Centre for Settlement of Investment Disputes)

Tribunal -

President

Fernández-Armesto, J.

Arbitrator

Appointed by claimant

Alexandrov, S. A.

Arbitrator

Appointed by/designated to respondent

Douglas, Z.

IIA breaches alleged

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims. Indirect expropriation

IIA breaches found

Pending

https://icsid.worldbank.org/cases/case-database/case-detail?CaseNo=ARB/22/25

https://globalarbitrationreview.com/article/kyrgyzstan-faces-icsid-claim-over-uranium-ban (requires subscription)

https://www.iareporter.com/articles/uranium-mining-ban-triggers-bit-claim-against-kyrgyzstan/ (requires subscription)

If you have a document or link to a document that proves otherwise please post it and explain how AMG owns the Uranium deposit.

You pretend AMG owns the uranium. It doesn’t. It owns 9.9% equity of a private company that owns it, with no licence, no cash flow and no way to turn that in-situ number into money. The arbitration outcome is still months away at best, with any cash even further out.

3 May 2019

Farm-in Agreement update on Uranium Project. MetalNRG plc (NEX:MNRG) today announces that it has suspended the terms of the farm-in agreement with IMC (the "Farm-in Agreement"), announced on 27 March 2019 (the "March Announcement") in relation to the Kamushanovskoye uranium deposit in Kyrgyzstan with a side letter dated 3 May 2019 (the "Side Letter").

Under the Side Letter, MetalNRG and IMC agree that:

* IMC will waive the obligation of MetalNRG under the Farm-In Agreement to transfer to IMC the Initial Payment of $400,000, payable upon MetalNRG's proposed Admission to the Official List.

* From the date hereof, and throughout the duration of the Uranium Ban, IMC will waive the obligation of MetalNRG under the Farm-In Agreement to make the Tranche Payments on each of the Agreed Dates.

* From the date hereof, and throughout the duration of the Uranium Ban, the Right of First Refusal (as defined in the Farm-In Agreement) shall continue to apply in favour of MetalNRG.

* If the Uranium Ban continues for a period of 12 months from the date hereof, MetalNRG shall have the right to terminate the Farm-In Agreement in its entirety by written notice to IMC and MetalNRG shall not be liable for any unpaid payments thereunder.

* If, within 12 months of the date hereof, either (i) the Uranium Ban ceases to be in force or (ii) the government of the Kyrgyz Republic allows IMC to progress work under its existing mining license for the sole purpose of processing waste (an exemption under the Uranium Ban), MetalNRG may, in its sole discretion, elect to re-enter the Farm-In Agreement, subject to the adjustment, if necessary, of the Agreed Dates in relation to the Tranche Payments and valuation of the Uranium Project.

IMC has continually held that its activities at the Uranium Project of 'cleaning' the peat and contained groundwater, which carries high levels of uranium (such uranium often contaminating the local water supplies), amount to those of processing waste.

IMC holds a mining licence with concomitant rights. The license was officially granted by the government of Kyrgyzstan in April 2019. MetalNRG's current economic interest in the Uranium Project, as a result of its total investment to date of US$170,650, is 8.5%

All about the drilling and assays now

L2 timing strongly suggests inventory transfer aligned with a new market maker becoming active — not random trading.

Same day CANA appeared on L2.

The trade executed at: 0.4125p

Bid range: ~0.40p Offer range: ~0.45p Mid ≈ 0.425p

Print below mid, inside liquidity zone, not aggressive.

Looks to be a negotiated transfer price.

Market makers do NOT usually appear without inventory.

They need stock to make two-way markets, manage client flow and stabilise spreads.

Where does that stock come from?

Block transfers.

Market makers do not join dead order books.

A new MM entering implies - Expected future flow - Anticipated liquidity demand - Willingness to warehouse risk.

Often preceding corporate news windows, promotional liquidity cycles, and volatility expansion later.

If 10M were genuine selling you’d see

Bid vacuum

• Spread widening

• MM withdrawal

• Fast markdown

None happened.

Not Institution/Large buyer slicing orders or one or two execution algos working continuously? Or is it ?

Repeat sizing

181

909

1818

3636

54545

119115

Temporary cap?

Net accumulation looks to be 8-10Million shares net bought.

13:25:40

That's a trade with conviction

Amadan

If you have a document or link to a document that proves otherwise please post it and explain how AMG owns the Uranium deposit.

You pretend AMG owns the uranium. It doesn’t. It owns 9.9% equity of a private company that owns it, with no licence, no cash flow and no way to turn that in-situ number into money. The arbitration outcome is still months away at best, with any cash even further out.

3 May 2019

Farm-in Agreement update on Uranium Project. MetalNRG plc (NEX:MNRG) today announces that it has suspended the terms of the farm-in agreement with IMC (the "Farm-in Agreement"), announced on 27 March 2019 (the "March Announcement") in relation to the Kamushanovskoye uranium deposit in Kyrgyzstan with a side letter dated 3 May 2019 (the "Side Letter").

Under the Side Letter, MetalNRG and IMC agree that:

* IMC will waive the obligation of MetalNRG under the Farm-In Agreement to transfer to IMC the Initial Payment of $400,000, payable upon MetalNRG's proposed Admission to the Official List.

* From the date hereof, and throughout the duration of the Uranium Ban, IMC will waive the obligation of MetalNRG under the Farm-In Agreement to make the Tranche Payments on each of the Agreed Dates.

* From the date hereof, and throughout the duration of the Uranium Ban, the Right of First Refusal (as defined in the Farm-In Agreement) shall continue to apply in favour of MetalNRG.

* If the Uranium Ban continues for a period of 12 months from the date hereof, MetalNRG shall have the right to terminate the Farm-In Agreement in its entirety by written notice to IMC and MetalNRG shall not be liable for any unpaid payments thereunder.

* If, within 12 months of the date hereof, either (i) the Uranium Ban ceases to be in force or (ii) the government of the Kyrgyz Republic allows IMC to progress work under its existing mining license for the sole purpose of processing waste (an exemption under the Uranium Ban), MetalNRG may, in its sole discretion, elect to re-enter the Farm-In Agreement, subject to the adjustment, if necessary, of the Agreed Dates in relation to the Tranche Payments and valuation of the Uranium Project.

IMC has continually held that its activities at the Uranium Project of 'cleaning' the peat and contained groundwater, which carries high levels of uranium (such uranium often contaminating the local water supplies), amount to those of processing waste.

IMC holds a mining licence with concomitant rights. The license was officially granted by the government of Kyrgyzstan in April 2019. MetalNRG's current economic interest in the Uranium Project, as a result of its total investment to date of US$170,650, is 8.5%

“RTO isn’t dependent on the market trading above 10p.“

Dilution is though.

The tapes look far more like positioning ahead of a litigation award update than a “distressed, must-raise-now” placing.

It does not look like a classic emergency pre-award placing — but it does look consistent with preparation for a post-award funding event (or optionality around one).

Not to say it won’t happen before any award.

50m options granted. Exercise price: 0.65p. Vesting over 3 years (July 2026 / 2027 / 2028). No performance conditions beyond continued service.

Management expects material upside above 0.65p. They are positioning for medium-term value realisation. They are not behaving like a board about to crater the stock.

Any placing post-win would add further dilution — but at much higher prices. Hopefully.

Corporate & JV structure

Ascent Resources Plc (AST) – listed parent

• Ascent Slovenia Ltd (ASL) – 100% owned

• Ascent Malta – holds 75% JV interest in Petišovci

• Geoenergo – 25% JV partner, concession holder (now insolvent)

JV economics (per JOA, confirmed by tribunal)

• Ascent funded 100% of costs

• Entitled to:

• 90% of production revenues until cost recovery

• 75% thereafter

This is why historic production cashflows are so material in the domestic arbitration.

DOMESTIC ARBITRATION & GEOENERGO INSOLVENCY

What ASL is legally owed (confirmed)

Production revenues (binding tribunal award)

• €2.89m – already accepted by administrator

• €4.99m – final arbitration award (July 2025)

• Total: ~€7.88m

Plant & movable property

• Conditional claim: €3.04m

• Subject to handover memo (company stated intent to complete)

Ancillary claims & costs

• Abandonment-related funds: ~€0.11m

• Arbitration costs:

• €79k creditor claim

• €56.8k cash payable immediately

Total gross domestic claims - €11.2m

What is realistically recoverable?

Critical facts (from RNS):

• Cash in estate (Sept 2024): €1.66m

• Production ongoing

• ASL = ~82% of recognised creditors

Realistic recovery range:

• Low: €3–4m

• Mid: €5–6m

• High: €7–8m

On a fully diluted basis:

• ~0.3p to 0.6p per share

ECT / ICSID CLAIM

€656.5m damages claim

Based on:

• Expropriation of 75% economic interest

• Lost future value, production, reserves

ATE insurance:

• Covers adverse costs

• Does not take the award

Deductions will be:

• Legal/arbitration costs

• Insurance premium

• Enforcement leakage

• Tax

But no fixed % giveaway.

Realistic award outcomes

% of claim. Gross €. Likely net to AST

5%. 33m. 15–25m

10%. 65m. 40–60m

15%. 98m. 70–85m

20%. 131m. 100–110m

SHARE PRICE IMPLICATIONS (FULLY DILUTED)

Domestic arbitration only (no ECT) - 0.35–0.6p

ECT outcome scenarios

Net ECT €. Pence/share

€20m. 1.8–2.0p

€40m. 3.5–4.0p

€60m. 5.5–6.0p

€100m. 9–10p

Add domestic recovery: +0.3–0.5p.

Combined fair-value bands

Scenario. Fair value

ECT loss. 0.35–0.5p

Weak win. 1.5–2.5p

Base win. 3.5–5.5p

Strong win. 7–10p

This aligns exactly with:

• The 0.65p option strike

• The market refusing to price >1p pre-award

Responding in kind to you.

Any doubts just look at satellite imagery for Adams Scrub Road at Koloona and the Yammacoona Estate Road and distance involved.

“Access to the site is presently via the Gwydir Highway, Adams Scrub Road at Koloona and then Yammacoona Estate Road. In their present state Adams Scrub Road and Yammacoona Estate Roads are not suitable to accommodate the traffic “

.

ABORIGINAL COMMUNITY

The Anaiwan Local Aboriginal Land Council, 29 Ruby Street, Tingha is the relevant Land Council for the local area.

Two principal pieces of legislation provide automatic statutory protection for Aboriginal heritage and the requirements for its management in New South Wales. These are the National Parks and Wildlife Act 1974 and the Environmental Planning and Assessment Act 1979.

The guidelines listed above will be used as the basis for an archaeological and cultural survey to be carried out by a suitably qualified archaeologist engaged by the proponent.

No more than a few hectares will be exposed at any one time as mining is progressive and conducted in a series of pits, which are progressively rehabilitated as each pit is excavated. This ensures that only a small area of land is disturbed at any one time.

The sand would be extracted using open cut strip mining methods, however, the selection of the final design parameters and scheduling are a complex suite of decisions that are based on economic, environmental and mining engineering principles. Pit design and operation would be dependent on further sampling

“Access to the site is presently via the Gwydir Highway, Adams Scrub Road at Koloona and thenYammacoona Estate Road. In their present state Adams Scrub Road and Yammacoona Estate Roads are not suitable to accommodate the traffic that would be created by the project so the proponent is in

discussion with Gwydir Shire Council to develop an alternative route to Warialda Rail that would avoid

farm residences.”