Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Good Find Jupitermars and Thanks for sharing it with
us !
Well, it's certainly good to see a neutral analyst saying that some significant announcements are coming in a few weeks.
Does this explain the absence of Amur from this year's EEF ?
The announcements could be anything from a JV/ Funding / PFS/ Road News ect, we can only speculate but I like the sound of what I'm hearing and may increase my position.
No wonder Robin was ouzing confidence in his last Proactive interview, he knows something's that we don't ;-)
I'm sorry Zen, I do apologise, what I meant to say was I have emailed amc on numerous occasions regarding their constant use of destructive Death Spiral Financiers and I have not yet received a reply.
And you will not get one. I have sent amc numerous
emails on various issues and I have never received a reply.
Conversely, I have always received prompt replies from Rockhopper Exploration and and a number of other small caps, so it all depends on the companies relationship with its shareholders as to whether you get a reply or not and amc has always had a 'No Reply' policy in my personal experience.
But Good Luck Noloss and keep us updated.
We all know the PFS is a 'live document' and can be updated as and when required so the reason it's being withheld is not because it's not ready ?
I wonder if Mr Young is concerned about releasing it into the jaws of a pack of hungry sellers ? Knowing full well that it will have little, if any, positive impact on the shareprice.And with a very low 3p sp-armed to the teeth with a very attractive PFS in a high demand commodity,he may then be concerned that some low ball (50/70% premium,5/6p) offers may come in after the PFS and then it could be game over for the 8man board with very little reward for their 12 years hard work discovering & proving up the $24 Billion Kun Manie Nickel deposit .
Now wouldn't that be ironic, the board would then rue the days they decided to use Death Spiral Financiers, and the incessant self-imposed suppression of the share price might just come back to bite them on their bottoms :)
Yes, The Proactive interview yesterday was certainly beneficial to the sellers and allowed them to dump over 1,000,000.
The 562,500 and three 187,500 trades posted at 15.59 bear the hallmarks of our financiers.
This selling put paid to any rise and sent the buyers packing.
Today there's been 6 small trades - so the sellers cannot operate but they will be quckly out of the traps again when the PFS is announced.This will be the sellers best day of the year whilst disappointed shareholders will see barely any increase in their investment.
Zen1, I still hold a few amc shares and feel the pain with you all.I know my posts are not popular but they are relative to the current situation and I did predict that the sp would 'crash' on arrival of yet another Death Spiral Financier, and crash, it most definately has, against the expectations of nearly all the posters here.
I would love to be proved wrong- so that I can sell my remaining amc shares for a profit but we have to be realistic and the simple fact is that Riverfort will have at least 100,000,000 shares to sell,Now we all know that's it's very difficult to sell in size here since Riverfort arrived and if we look at the overall daily volume, it's extremely low and a most challenging environment to sell in size.Crede have clearly shown this to be the case and have struggled to dump their 22mln unwanted shares over the past few years.Crede are probably only able to dump around 10/15million a year on this low volume, so it doesn't take much of a brain to estimate just how many years it may take The Riverfort Consortium to unload 100,000,000.
I want the sp to rise here but that simply cannot happen whilst the 4 Death Spiral Financiers are selling into all and any volume.The only way it can rise now is with a T/O, which may happen next year,so I'm content to hold on to my few remaining shares until this happens.I will be pleased to get 5/6p but the T/0 price is anybody's guess.
I do not expect a T/0 anytime soon but anything's possible in this game,especially now that oil's back in the $70s and large oilfields are becomong increasingly rare...If I was offered £1 now I would accept but post FID & after the Italian Goverment settlement, the T/O price would have to be nearer £2.
Yes Potatoe, the moment a few buyers appear Riverfort,Court,YA & Crede all compete against each other to bag the sell.
That's just the way Death Spirals work ! It is demoralizing for existing shareholders as these pro's can root prices to the floor for many years in illiquid stocks like Amc.
We only have to look how long it's taken Crede to sell a relatively minor ( in comparison to the Riverfort Consortium) amount of shares, we are talking years of incessant selling and the buyers will not return in size until Riverfort are spent because they know that it's impossible for this share to rise whilst The Riverfort Consortium are selling into all and any volume to recoup their loan money.
It's a truly horrible situation for genuine holders and observing the volume since Riverfort arrived, it's not unreasonable to conservatively expect this incessant selling to continue for at least another 5years.
I was mocked and ridiculed when I sold most of my holding on the arrival of Riverfort, most here refused to believe that it was another Death Spiral, the deluded ones (like Noloss ect) stated that this finance deal was not like the Crede deal,this was a good deal for all parties and not a Death Spiral because the price would rise above 9p to hit the predetermined milestones and that Cuort & YA probably wouldn't sell anyway at such a low price,they would wait until the 9p milestones had been achieved and then everybody's happy.Riverfort interests were the same as p.i's,both wanted a higher shareprice and they were expected to get it on the strength of the milestones.
Of course,It didn't work out like that,It never does with amc, it worked out exactly like I & DB said it would, the deal failed at the first hurdle,the milestones agreed by the Amc ceo were not achieved and the deal collapsed.
Now at 3p, there are very few buyers because of Riverfort & co and when the PFS is finally released I expect a temporary 0.50 to 0.75p rise before Riverfort/Crede/YA & Cuort begin selling into the rise and stifling it.
The usual pathetic scaremongering from Booboo.
The truth is Booboo has absolutely no idea if the next rns will be a placing or not ! I would expect an rns on the coal production figures would be far more prudent 'before' a placing as opposed to 'after' a placing....and that's saying that there is going to be a placing - as once again, nobody(including Booby) knows if & when the next placing will be.
Strong Finish and Rockhopper Investors will be keeping a keen eye on what Premier Oil has to say on Sea Lion in its update tomorrow.
Interesting article on Upstream too, it's clearly going to be an exciting end to the year for Rockhopper shareholders-with the finance & FID both expected before year end.
2018 could still be Rockhopper's Year !
Yes Booby, I have to concede,you are right.The few remaining Rgm Bulls ( a very rare breed nowadays) did not expect the sp to hit new lows on the coal production news.
I don't think it matters what RGM say anymore because the market simply does not believe a single word they say.
I'm not expecting anything when the figures for the coal production are announced,regardless of how good they are,It will not matter,maybe another 10minute,10%/20% rise if we're lucky but that only facilitates the endless waves of disgruntled shareholders that are seeking exit on any rise,no matter how small.
Maybe Regency have turned the corner but it really doesnt matter because there are so many disgruntled sellers waiting to sell on all and any positive news- that it's a lose lose situation !
Another placing imminent, at 0.25p ?
The loan repayment due soon, so endless millions more confetti sold to the Mms.
It doesn't get more depressing than this but I'm sure Your goodself, Mr Magic,Cgull,AB'slovechild,Zumore,(when he returns), and all the other Regency Haters will show any potential investors ( even though there are hardly any) that it's far worse here than anyone could ever imagine !
Yes Maybach, it's utterly Bizzare!
The board have spent 12 years in darkest Siberia discovering a $24Billion Nickel Deposit and soon the time is coming to realise their goal and monetize the asset.Yet, for some Bizzare reason,none of the 8 board members are interested in receiving their pay off and will simply walk away with a 'free holiday' for all their efforts and then begin to look for a new job.
CEO Robin Young has amassed £80k's worth of amc shares over the 12years he's been in charge and when you consider he's on $330k a year, he will be devastated & absolutely gutted if a T/O occurs because he then loses his $330k salary and even if a 300% premium is paid, he will not even receive one years income as pay off in a T/0.That is ridiculous!
The other board members like Paul Gazzard & Lou Naumovski hold around £1.8k worth of shares each - So their payout is totally insignificant.
Does Anybody here have any idea5 why the entire 8members of the amc board have absolutely no intention of receiving a decent pay off when they are taken out and made redundant ?
This is one puzzle the Chessmaster cannot solve,to me it defies all manner of logic and suggests that either the entire board are stark raving mad or they are clever & cunning with their advantage of foresight for the companies future prospects ?
That was a confident & competent Proactive interview from the amc ceo and it was interesting that he said,with a wry smile,that they might not need to increase their shareholding next year (meaning it could be T/O time). I like that but I just do not get why the board have no desire to benefit from the T/0 ?
Collectively, the entire 8man board only own 0.5% of the company,they could buy £5/10,000 worth of shares every month if they wanted and if you thought there was a good chance of a T/0- then you'd want to load up as much as possible to be rewarded for all the hard work and loss of future income.
The payout,when it comes, will be miniscule for the board,most serious p.i's will receive more than the board and I just cannot get my head round why the entire 8man board have absolutely no desire to be rewarded on the T/0,when they will all lose their jobs.
It's very strange !
Does no one here think that it's rather strange that the entire 8 man board see absolutely No Future value in their own company ?
This is clearly proven by their enforced £600 purchases,if they saw any value, they'd want to load up like Noloss,CBS,UK Sreve and many others here have.
The board clearly know more than anyone else about the future prospects of their own company and from his $330,000 annual salary Robin Young reluctantly invests £7k pa ( or around 2% of his salary) in his company during its massive growth phase to appease his disgruntled long-suffering shareholders- who have seen their investment wiped out ?
The 8 amc board members ( big companies need 8 on the board) have reluctantly just wasted another £600 on their own worthless shares.Every tranche they have bought has been at a loss,no wonder they never wanted to buy any but at least they can be pleased they are only buying with their pocket money.
Yet another big vote of confidence for the Kun Manie project,lol..the extremely large board might get a weeks holiday in Rhyl when the the T/O finally comes if they keep buying at this rate.
What I posted was the truth, please check the past rns's for proof and you will see the DFS was indeed due in Dec 2017 and that the company may not be a going concern next year and that the finance package from The Riverfort Death Spiral Consortium has been terminated , but pay no attention to me, just take a look at the share price/graph and then count how many shares Riverfort will have converted to sell,when the $4million loan is settled,then check the daily volume and see for yourself what you think may happen to this incessantly sold share.
PDYOR and Good Luck.
Dc13769....I think your on the wrong board Sir !
There are no timetables, schedules or anything here and any that were planned like the DFS were never met and cancelled without any explanation.
They are running out of money now and no financier/investor on the Planet will touch them,even the last resort Death Spiral Financiers cannot operate here anymore.
But the end is coming, Amc may ( as stated in amc rns) not be a going concern next year, so the inevitable 2p buyout looks to be on the cards.
Yes, the board were shamed into buying shares by disgruntled shareholders and the Ceo on $330,00 a year buys £600 worth every month to show how much confidence he has in the project.
With the help of the Telegraph article I was able to buy at 36.50 this morning.I think around the mid 30s is the lowest point of Rockhopper's new trading range and around 43 is the highest.So unless circumstances change, the mid 30s will generally be a good buying opportunity.
The Telegraph article changes nothing, SL's still on and with $70 oil is a No Brainer, so we know progress is continuing and although the export finance may be less than hoped,the analyst expects a solution to be found,just it may take a little longer than anticipated but that's not a problem for investors with a 6/12 month time frame- who could also be likely rewarded with a $100,000,000 windfalll from the Italian government.So we have two very good reason for holding Rockhopper for the next 12months or so.
It's just the way the market works.Rockhopper is far more sensitive to FI than pmo and has already been significantly marked up in anticipation of SL being sanctioned,whereas pmo has not risen at all on SL and may even fall on sanctioning.
The Markdown will be nothing serious nor long-lasting,so for long term shareholders it's an insignificant inconvenience and only delays the inevitable sanctioning of SL.
But the market will have it's way and rkh will me marked down in the morning, maybe a good buying opportunity ?
Expect a Mark-down tomorrow morning.