Member Info for sasa43

Hi ShadowLess - I think that a 'cash shell' can stay on AIM for some six months afterwards. The risk, though, is that they invest in or buy something / anything, just to stay listed on it. Shades of 'Here we go again...' spring to mind, so it's a 'No' from me - sasa.

Hi Isphahan - all very cogent points with the current state of affairs, granted.

However, the issue is more to do with the minimal offer being voted upon and, more particularly, the staged payments 'risks' for us shareholders in Stanmix just buying AMC's subsidiary, Irosta, which happens to hold their very valuable mining licence looking further out.

Had the offer been for the Co. itself, all in cash and upfront from such an unlisted entity, that money would have been paid out to all the long suffering shareholders as some compensation - as it is, it's supposedly to fund Amur Mk 2 - looking for something else to spend the proceeds on - not an enticing prospect for me, anyway - sasa.

Echo that, TDT - especially the last bit about making a cash offer for the entire Co if Sviblov really wants KM and upfront, too, in entirety for distribution to the shareholders.

Good, well reasoned post from Cowboy, as usual - sasa.

Hi Geng - thanks for coming back to me on your thoughts here...

Put like that (non - voters being taken as assenters to the deal which I'd forgotten about, tbh) I see where you're coming from; oh, well, we'll know soon enough... sasa.

Hi Geng - thanks for that useful overview on the NAV outcomes , assuming the deal proceeds.

What makes you think it's already a 'done deal', though / the voting procedure will be merely 'going through the motions' at the AGM? You're almost certainly right that Messrs Young and Sviblov would have already arranged clearance from the RF if it goes through but unless there's been a radical change in the equity ownership figures over the past week or two, there's no meaningful institutional presence on the register; that's always been Amur's 'Achilles Heel', if anything, has it not?

Ergo, if the deal goes through 'on the nod', as you anticipate, it surely would be outrageous in view of the heavyweight % ownership of the Pi s already on the register - sasa.

is unpleasant for all readers, especially ranged against respected, VLTHs, like TD2, Geng & ors, whose useful input over many years has been very helpful. We're all very disillusioned / shocked by this latest T/O offer and its un-enticing details but the only question now is: 'How best to deal with it'?

There are only three realistic options available to us, of course 1) sell now and be done with it or 2) vote it through, albeit reluctantly, or 3) vote it down and see what transpires.

If you hold on, it's anyone's guess what the outcome of 2 and 3 might be; it seems that option 2 should be slightly safer for the ongoing, whereas option 3 could prompt a 'cash up front' re-think payment, here and now to save the deal (in the absence of an alternative Russian or Chinese offer arising) but Mr Sviblov might equally refuse and walk away...

Personally, I'm opting for No 3, fwiw, as I feel the present owners of a multi - billion $ asset like this should get more than the paltry 6p ps currently on offer but if the present political hiatus genuinely precludes that, then it should at least be paid in full upon signing the deal.

If RY can't secure that improvement from the buyer in order to pay the owners of the Co for it and it's 'game over' for us all, then I / we ultimately lose the final penny involved - worth a try in my book, anyway - sasa.

Hi NewK - no surprise that MF underplayed the upcoming North Eigg 'spud' result after the Rowallan disappointment - better to under promise / over deliver and all that, if it comes off.

If successful, the sp impact will be all the more dramatic; if it isn't, then the 30% CoS he alluded to he can claim as his cautionary comment on the prospect and it won't dent the cash reserves too much, either - sasa.

Brilliant, Manuel - really made me laugh that - sasa.

This agreement to sell KM for 'peanuts', given its huge value with Nickel riding so high is a lamentable RNS after all this time (12 years in my case) and although it's extremely unfortunate the opprobrium now being heaped upon Russia and anything connected with it has occurred at this time to stymy any reasonable offer for the asset, if 6p ps is all AMC can get for it, then this Russian opportunist should pay up front and in cash, so we can all be done with it, at last! - sasa.

over the past few trading days (c 25%) I'd expect an RNS ('We know of no reason', etc.,) or one stating the reason for it. C'mon, ACW / MF - your assistance, please - sasa.

Yep, could be that, QuintusC, since the only other alternatives I can think of to explain this sudden sp decline is a large seller reducing their position (odd, though, given the cheap metrics already and ahead of North Eigg) or there's another production delay to be reported - 'leaky ship' and all that ... sasa.

It brings into stark relief the costs of gearing for indebted businesses versus the 'freedom' from it for cash rich concerns like Serica; they might now begin to be earn a bob or two on their burgeoning cash deposits for the duration...

With no consumer interface to worry about and gas much sought after for the foreseeable, Serica must be amongst the most desirable holdings in these conditions - brings comfort to me, anyway, with so much running in its favour currently and if the upcoming 'spud' of North Eigg
proves successful, well, say no more... sasa.

Quite so, Otho; have to agree with that - sasa.

Given your obvious disdain for HMG (to a degree understandable) upomega and, by extension, Serica that you're involved with, I suggest you sell up to bring yourself some peace of mind - sasa.

Thanks for your summation of the Q&A session, flex - very useful.

Thought this mornings reaction to BP's 5% sale of its equity interest is a bit severe but, no matter, Serica's best year in prospect continues apace and the sp should soon be on the march again, especially with the hunt for gas underway in earnest - sasa.

Cheers, Rye - that's helpful - sasa.

Hi RELLIM - certainly agree that it would be a very positive move by them to leave the 'nursery' behind - let's hope that it's a question they get to answer or even shortly afterwards.

The last time I asked MF about it he said it was always 'an aspiration' - well, I can't think of a better time to get promoted / gain more exposure for Serica than now...sasa.

Thanks, upomega - appreciated...sasa.

today but I'd ask them when they're going to move off AIM with everything going for them this year and now being a £1Bn + company, etc.,? - sasa.

Agreed, Investoroilgas - I, too, have been invested here since 2011 and other LTHs, like Mommur / RELLIM / Newk, etc., have been blessed with a very successful journey with this so far.

It wasn't that easy, initially, remembering the earlier days when rights were offered at 18p, I recall and having never tapped shareholders for anything since, is quite remarkable for an AIM energy stock and reflects the sound management we have running the ship, not least ACW, so feeling chuffed about these elements coming together is perfectly understandable.

Had events not turned out that way, those who put a decent sum into Serica a decade or more ago would have probably lost a packet by now, so good luck to them who now enjoy their good fortune and long may it continue - sasa.