The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Does a multibillion dollar sale offer seem so unrealistic now? Even $10 billion is only a bit more than a 6-bag from here. Bring it on!
How AMC’s nomad and the BoD itself could conclude that a decision to seek a TEO extension in October WASN’T information material to the share price that should be notified in an RNS, at the same time as the board was publicly stating the TEO was on time for delivery. That simply wasn’t true.
They really are clueless when it comes to PR that contributes to rather than damages the share price. And that’s having a direct impact on our wealth as shareholders.
To bury excellent news on the resource in an RNS that leads on a three-month delay in TEO delivery. FFS - why not two separate RNS notices?!?
This RNS states:
The Kun-Manie Measured and Indicated JORC resource has been increased from 118.2 million combined tonnes at 0.73% nickel and 0.20% copper to the newly defined Russian total of 150.6 million tonnes at 0.81% nickel (1,215,081 t) and 0.22% copper (328,529 t).
Reserve tonnages indicate a potential mine life ranging from a minimum of 24 years to a maximum of 41 years based on 6.0 mtpa
Using the 0.4% nickel cutoff grade, a total of 120.3 million of the 150.6 million total mineralised tonnes falls with the pit shell considerations. This compares to approximately 90 million ore tonnes mined in the PFS..
The ability to generate a copper concentrate creates a substantial and new source of revenue. The PFS assumed no recovered copper
But the headline is TEO delayed - give me strength!
To the TEO deadline of Dec. 1 repeatedly declared by the company and not walked back. Either we’re due a blizzard of RNSs in that time or we’ll be told something unwelcome next week. Once again this Bod’s communications strategy is cast in doubt.
Will be the lucky day for us all.
Of this month until the TEO deadline. There’s a lot of news to get out in this time and it’s time this share started reflecting true value for all LTHs.
£4
1.5p for me - been a lot of dark times waiting though. Still, I used to think I’d be lucky to get 10p for this share so these days are really amazing.
Thanks for your hard work. Could you add me please at £4?
GLA!
My dream is £5 based purely on the idea Dmitry wants to turn his 5p shares into £5. But I’m going to be sensible and say put me down for £4 - based on Rowka’s research rhat there’s $100b-plus value in the ground and guessing EUA will want 13-15% of it in the deal after bids from rival suitors.
It’s now a whisker away from that valuation after today - and more to come. Happy days all LTHs and well-deserved. Roll on Monday!
Haven’t commented here before but am also on AMC’s board. LTH here who bought in at 1.3 and then watched the long gradual slump into the 0.3s wondering what I’d done. Well I know now!
Just want to say well done to all the genuine holders here for holding their nerve during the wilderness years. I’ve enjoyed and learned from a lot of posters - Wand Grabbit and TDT first got me interested here and more lately Ian, Tillywhiz and Rowka have been sources of entertainment and information.
I dreamt the other night that Dmitry had a goal of turning his 5p shares into £5 shares. One can dream :) here’s to a great end to this epic story.
I’ve read strong arguments here for and against the proposal to permit up to 100 percent dilution. It has to be said RY’s recent track record of financing doesn’t inspire confidence but what intrigues me is the speed they are seeking to move at now. What’s the rush for?
Since any merger or j/v offer would have to be approved by shareholders, what stops them at that time seeking an EGM that also allows for an issue of additional equity to complete any deal? This EGM is happening at little more than two weeks’ notice so it can be organised fast.
What is it then that we are not being told about the need for speed in securing the right to issue 500m shares right away? I want the BoD to answer that question before I vote.
80% nickel - the cobalt reduction will help cut prices. The present crisis will be an opportunity for a wholesale shift toward greener production and boost for EV. Amur will get mined
https://marker.medium.com/a-new-battery-breakthrough-that-could-save-electric-vehicles-during-a-recession-c193ebdd3a5d
Is that AMC at least sorted out funding to get them to the TEO before this storm hit - there’s no point looking at the share price now for the next few weeks.
Not sure that’s the same company - they specialise in medical cannabis. Is RY getting high?
Plena Global Opportunities LLC? Can find no reference to the company online. Hopefully not a misspelling of penal...seriously, left in the dark again by BoD on financing. No idea if this is a good deal or not
Yes he does - but he’s Canadian and Macedonian by backgrounds so that won’t count for Russians regardless of his impressive connections. He’s been on AMC’s board a long time and there’s no visible sign they’ve helped the company progress.
Is a Russian on the board. Having worked in Russia, I have come to the conclusion that they are willing to embrace foreign investors but always want a stake in the business in return. AMC would be past the point of fine words with the local authorities by now and receiving actual financial support if they had a Russian presence on the board. They’ll continue to tread water imho until they do.
Eurasian Mining have Russians with stakes in the company and seats on the board - they have VTB now competing alongside China’s Citic to cut a deal on their assets. AMC has only tired phrases about “interested parties” who never amount to anything interesting.
None of the board appointments announced by RY have been Russian and the project is going nowhere fast despite the evident demand for nickel. Just my two rubles worth.