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Tygra I was referring to that it was double the current SP. It’s a rubbish offer but a sign of the situation we are in.
I know the 2 companies are different but they share one similarity - location of assets. I just don’t see many suitors paying good money for anything Russian based at the moment.
Agree that if a sale can’t be done at a good price ( now or later) then we may as well mine it. However I’m willing to wait out a few years to try to get maximum value, whereas it seems you are not? You state that a sale a few years down the line is not in the best interests of shareholders, but ask AMC holders if they’d prefer their 1.8p now or 8p+ in 2024 for example. The same bodes for us here. Patience is all that’s needed.
Tygra - what do you actually want here? Look at Amur today, seemingly desperate to sell out at any offer. Are you happy with a 10p dividend for all of EUA assets? This would be the equivalent. Nobody is going to pay anything close to full whack for anything in Russia right now.
The war has put an indefinite amount of time on the sale in my opinion, it could be pushed back years.
Hmm it’s good there’s an offer but it seems like a really poor one. The BOD keep accepting lowball offers, the BOD haven’t put anything forward yet so I’d like to think that they are just rejecting anything that doesn’t meet their valuation.
Feel sorry for any LTH in Amur, only recent investors after a quick buck will be happy with todays news.
Market worries about Russia I suppose, POG have just applied for administration. However they have a lot of debt and a bank are calling in a loan of $200m that they can't pay. EUA don't have this problem and can ride out this period.
I emailed a few weeks back to see how Artems's appointment would work with Dmitry being the M&A officer, the reply I got was that the company would consider if this requires clarification. I didn't receive anything further and there's been no RNS so I would assume there's nothing of note to report.
Stop reading too much into tweets, not everything is a cryptic message.
They simply gave a small update on the new vehicles arriving and referenced the upcoming Chinese New Year as it's a global celebration in the same vein as Christmas.
Amur have 1.3bn shares in issue, if you add in the infastructure costs of ~$1.4bn that the buyer would need to pay, you’d need to add around an extra 79p per share. I know it doesn’t work this way but it’s something to have in mind when comparing to EUA that does not have these costs. The buyer will be considering this when putting in their bid.
Sorry, relative newbie here. I see some familiar faces from over on EUA board but I'm not invested here. I've read through a few RNS and the company website and wondered if the cost breakdown for the planned infrastructure was ever released?
The planned 320km road and power generation - I saw that powerlines were too expensive. Apologies if this was released, I couldn't find this.
It seems that for the amount of proven nickel you have , up to £100m is quite low? I wondered if it was the remoteness of the site perhaps being factored in?
Anyway, great news for all invested today and I'll be sure to look into this company further.
If anything I think it'd be the opposite?
They are talking about yearly revenue for Nickel and becoming Nickel focussed. Along with Hydrogen/ Ammoia being new developments, i'd think they are likely to be kept on.
Long9 - an AIM company I'm invested in, Braveheart, issued a special dividend last year which was more than the current share price. The potential special dividend has no relation to the share price, the share price will jump up upon the announcement.
Similarly, the director owned a lot of stock in Braveheart and was keen to pay the high special dividend as it lined his own pocket.
https://www.proactiveinvestors.co.uk/companies/news/935603/braveheart-investment-group-pays-out-huge-special-dividend-935603.html