The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
No, AH is concentrating on AH!
This article from Seeking Alpha:-
https://seekingalpha.com/article/4405935-game-over-for-ice-vehicles-from-2022-evs-will-dominate?mail_subject=must-read-game-over-for-ice-vehicles-beginning-in-2022-as-evs-will-start-to-dominate-led-by-tesla&utm_campaign=nl-must-read&utm_content=link-0&utm_medium=email&utm_source=seeking_alpha
Now, if only AMC ....
Amur Minerals Corporation ("Amur" or the "Company"), the nickel-copper sulphide mineral exploration and resource development company focused on the far east of Russia, is pleased to announce that on 4 January 2021, Amur received its Q4 2020 interest payment of US$164,768 based on the US$ 4.67 million Convertible Loan Note ("CLN") investment for the resumption of production at the Northern Territories, Australia Roper Bar Iron Ore Project (the "Project") operated by Nathan River Resources Pte Limited ("NRR").
Pity there was no other news.
CT maybe they took AH's comments during his recent interviews about stopping the dilution as a criticism of how the BoD had managed the company?
Now we all know why the AGM was held in Salisbury and not in London.
The COVID situation was merely a very convenient excuse. The real reason wa that the board were terrified of facing intense questioning from a posse of very angry shareholders.
'Nuff said
It's beginning to look like it!
You have to ask the question, why their nomad keep resigning?
Perhaps they don't like the smell of fish?
Hi Geela
I don't think you know me under this avatar but I introduced you to the 'taniwa' group that communicated about two other AIM stocks that AB ran.
I hope you're keeping obscenely healthy amid all the chaos in Trump land.
Drop me a line and let me know how life is treating you.
Moscow is three hours ahead of London. I suspect that we might get an RNS at 1pm.
Amur Minerals Corporation (AIM: AMC) is pleased to announce that the Company's Annual General Meeting will be held at 10:00 a.m. (GMT) on Thursday 10 December 2020 at the offices of Brunton Publications Limited, 1 London Road, Bishopdown, Salisbury SP1 3HP, UK.
The Notice of Annual General Meeting will be posted to Shareholders today. Details of the resolutions for consideration can be downloaded from the Company's website, www.amurminerals.com .
Attendance of the General Meeting
In light of the Government's directive limiting gatherings to no more than two persons, it has become necessary to restrict physical participation at the Annual General Meeting in line with current guidance and legislation.
The Annual General Meeting will be kept as concise and efficient as possible and physical attendance will be limited to the minimum number of persons to ensure the meeting is quorate and to conduct the business of the meeting.
In order to assist with voting, and in the absence of a Q&A session during the AGM, the Company will post a presentation and Q&A session on Wednesday 25(th) November 2020. Shareholders are invited to submit questions in advance that will be incorporated into the Q&A. Questions are to be submitted to info@blytheweigh.com (marked for the attention of the 'Amur Minerals AGM') by the 19(th) November 2020.
The presentation will be accessible to watch from 4pm GMT on Wednesday 25(th) November 2020 using the following link: https://www.bigmarker.com/share-talk/Amur-Minerals-Corporation-Webinar-Q-A
"The loading of the first vessel has commenced using some of the low grade DMS iron ore stockpiles that were in existence prior to the purchase of Roper Bar by NRR. This cargo will be approximately 58,000 tonnes and has been pre-sold by the Offtaker giving NRR an expected revenue from the sale of approximately US$3.6 million.
With the recent injection of additional equity capital announced on 27 October 2020, NRR is now targeting four to five further vessels by the end of this year. The processing of previously mined blocks has also commenced, and the transportation of existing stockpiles and processed blocks to port is now operating 24 hours a day. The Roper Bar site is now fully equipped and expected to commence the mining of new blocks in due course.
Prior to the recent capital raise announced on 27 October 2020, NRR had also carried out an independent valuation focusing on the building, infrastructure, plant and equipment assets. This indicative independent valuation increased the equity value of these assets to A$76 million. A more complete revaluation of its assets will be carried out in 2021.
Under the terms of the CLN, Amur is entitled to a seat on the Boards of Nathan River Resources and NRR Group Pte Ltd. Mr. Adam Habib, President of Amur, is now on the Board of Nathan River Resources, and Mr. Robert Marsden who was nominated by Amur, has been appointed to the Board of NRR Group Pte Ltd.
Mr. Marsden is a Mining Engineer with over 25 years of international experience, 18 of those years with Rio Tinto. In 2013 he established an independent mining consultancy, providing technical, economic, and strategic advice to the resource sector covering Australia, Botswana, Brazil, Canada, Finland, Ghana, Madagascar, Peru, South Africa and Zimbabwe. During this time Mr. Marsden has consulted on iron ore projects in Australia, Brazil, South Africa and Canada.
Whilst with Rio Tinto, Mr. Marsden conducted the commercial review of over 40 investment proposals on behalf of the Investment Committee covering acquisitions, disposals, project funding and project expansions.
As well as representing Amur's investment in NRR, Mr. Marsden will also work alongside the Company's management on the Kun-Manie nickel/copper sulphide project."
Akr40
The sub text to your question, it seems to me, that you might base your decision whether to invest or not may be influenced on what someone on a bulletin board says?!
Can anyone think of a single good and legitimate reason why the RNS did not say how much was receive?
I can't.
gwm121 were you away from school the day they taught paragraphs?
Amur Minerals Corporation ("Amur" or the "Company"), the nickel-copper sulphide mineral exploration and resource development company focused on the far east of Russia, is pleased to announce that it has raised GBP6.1 million (approx. US$7.97 million), before expenses, through the placing of 348,571,421 new ordinary shares of no par value of the Company (the "Placing Shares") at a price of 1.75 pence per Placing Share (the "Placing").
The proceeds of the Placing will be used, in part, to subscribe for US$4.67 million in secured convertible loan notes ("CLNs") in Nathan River Resources Pte Limited ("Nathan River Resources" or "NRR") which owns the Roper Bar Iron Ore Project (the "Project" or the "Roper Bar Project") located in the Northern Territory in Australia . The remaining US$3.26 million will be used to fund the continued development of the Kun-Manie nickel copper project, general working capital and to pay expenses relating to the Investment and the Placing.
Highlights
-- GBP6.1 million raised through the placing of 348,571,421 shares at a price of 1.75p
-- Acquisition of Carlo Holdings Limited ("CHL")
-- Investment in CLN's by CHL
-- 14% coupon paid quarterly
-- Convertible after 3 years to 19% of the equity of NRR for Amur (based upon current issued share capital of NRR)
-- Roper Bar Project
-- 446 million tonnes @ 39.9% Fe JORC resource defined
-- 4.76 million tonnes @ 60.1% Fe JORC reserve defined
-- 194,000 tonnes of stockpile available to ship from October 2020
-- Pit-to-port infrastructure in place
-- Off-take agreement with Glencore
SP Angel Corporate Finance LLP ("SP Angel") acted as broker to the Company in connection with the Placing.
Robin Young, CEO of Amur Minerals Corporation, commented :
"Rarely do opportunities avail themselves where very near-term accretive value and cashflows are available to a mineral resource company. Our due diligence has confirmed that there are several positive components that offer such upside potential. Key to the successful restart of the Roper Bar Project, Nathan River Resource's management team is highly experienced in iron ore production.
"Further, the current near production status allows for a rapid resumption of the production and shipping of Direct Shipping Ore as substantial stockpiles of high-quality iron ore are currently ready for loading and transport to the Chinese market. The long-term offtake agreement with Glencore, one of the world's largest global diversified natural resource companies provides us with security by having a partner of substantial import."
Adam Habib, Advisor to the Board of Amur Minerals Corporation, commented :
"Working with Glencore we have been able to co-invest in the Roper Bar Project which presents Amur with a potentially transformational investment opportunity, that will provide Amur with an income stream via the convertible bond leading to an equity stake in a significant iron ore
.. some of the long term and very regular posters are at present!
Ginty are you still "busy"? Building a bunker?
I think that analyst was away from school the day they 'did' decimal points!
.. the regular posters?
All got tin hats on?
Piface
Try using paragraphs. It makes reading your posts much easier and possible more enjoyable.
TDT, I just love that freudian slip, "pervious". So appropriate!
It gave me a delicious little chuckle.