Member Info for Rover62

Black rock CEO talks graphite

https://www.youtube.com/watch?v=WSQR0V8-L2Y&t=1374s

I do sincerely hope you are right.

We need to hope someone with a large amount of cash comes along.

Maybe we should hope that the BHP Anglo American deal falls through and BHP wants a nickel mine as a consolation. Wonder if Glencore would be happy with that. Or even Vale taking it back.

We can only hope. 😂😂😂😂

It looks that there is about £2 million left in the coffers. So place your bets on yes or no. A yes vote will enable you to access your investment which you can start to play the game again, stick, twist or fold. You have the choice. A no vote will mean you are in the hands of the board. They may well return the cash left, but after some time and some more ‘expenses’ extracted. You have no choice.

I think the question people should ask themselves is a simple one but difficult to answer.

What will I get if I vote yes or no?

If a yes vote then on their value on day one of trading you should be able to calculate. You’ll be able to sell on a specified date.

If a no vote then what’s left in cash of Amur after all expenses of the RTO and wind the company.

You’ll not know the residual value nor a date when the value will be realised by you.

Another observation is that Amur shareholders will own 36.36% of the new company (8,705,452/23,939,986) for the price of £3,292,878 minus the operating costs of Amur since 31 December and transaction costs for the deal.

I honestly hope that some value can be realised.

HOWEVER,

In a fire sale I would not be too hopeful that the sale of assets would even cover the debt.

I’m open to being persuaded so please elaborate on your calculations.

Amur

Current value

MCAP

1,392,872,315 @ 0.089 = £1,239,656

Equity value, as defined in the audit account 31st December 2023

US$ 4.124 million or in gbp exchange rate 1.2524, £3,292,878

Total shares in new company

23,939,986

Amur shareholders share

1,392,872,315 / 160 = 8,705,452

Big assumption here that day one of the new company will have a value of £5.5 million OR value per share £5.5 million/23,939,986 = 22.97 pence per share.

Amur shareholder’s share

8,705,452 x 22.97 = £1,999,642

Make of it as you will.

I have only a passing interest as I sold out before the special dividend having been a long term holder.

I would like to take a glimmer of hope but alas I’m failing.

The only way I think of recovering anything is if the company with it’s subsidiaries were structured in such a way that each part was ring fenced and protected from the other without each being a guarantor for them. However I don’t think that is the case.

15th May is the next critical date. News before then maybe good after then bad.

RNS, no surprise, delay in the transfer of subscription funds.

What will the opening share price be tomorrow, what direction with it go in and what will the closing price be?

My only guess would be an opening price of 1p as that’s the funding price.

But I know nothing 🤪😩

Historical silver prices

https://www.macrotrends.net/1470/historical-silver-prices-100-year-chart

No, but should have sold then. Hindsight is beautiful.

Ruth, please don’t lie!

The actual quote from Matt.

The Board intends to minimise any further dilution to shareholders by building near term cashflow to fully realise long term production goals.

My concern is the statement

In 1984 four truckloads of hand sorted ore

Old data and hand picked!

52 week high £1.72.

Today £0.0035

99.8% loss

And I thought I’d slice 😩

Well all resolutions passed, no surprise.

Back trading on 7th May.

I haven’t a clue whether the ‘new project’ is good, bad or ugly because I can’t find much about it. We just have to wait for Matt to spill the beans.

Below is what I’ve found.

State of Idaho company registration

https://sosbiz.idaho.gov/api/report/GetImageByNum/037154174211037117040079243244114115092122125012

https://www.miningreview.com/uncategorized/peter-major-head-mining-cadiz-corporate-solutions/

https://miningindaba.com/speaker-list/peter-major#:~:text=Peter%20Major%20was%20born%20in,up%20and%20worked%20through%201981.

https://www.iol.co.za/business-report/companies/major-force-989707

https://www.biznews.com/global-investing/2022/07/08/peter-major-gold-relative-value

https://thediggings.com/mines/21332

The good thing is Matt has been out there looking for opportunities.

The bad thing is it’s not what I invested in, a graphite opportunity in Tanzania.

My initial thoughts are ugly. How did Matt find this opportunity? A seedy bar at a mining conference? Peter Major seems to have been around the mining industry, but is back in Kellogg living in a shack. He’s found an ‘opportunity’ in a very old mining district just down the road from where he lives. Is this his last hurrah to fund his retirement? Peter has been peddling the Canyon Silver mine for four decades firstly with GNT mining. I can’t find any production results.

I currently need a lot of convincing.

I know where it is, but still none the wiser as to the company or the mine, or more impotent potential.

We just have to trust Matt. 😱

Cont, I do take your comments on board. I did sell all of my stake. On the last RNS. I’m absolutely sure that I’m not trading to try and recoup any losses, those are too vast. Even a profit of a couple of pounds would seem a win.