Member Info for ShadowLess

Yes I do Rover 62, I think it was announced in a RNS dated 16th Oct 2016, evidently for the time being at least nothing has come of it.

Hello MadMat

I think he had 25M share options 12M was vested immediately the rest was based on performance; off-take or investment. You could argue with the NRR investment he has the right to the rest of the shares which has not been taken yet.

The RNS quote from RY was poorly written.

A few paragraphs up clearly state AH association with AMC and NRR

"........ This remains to be completed and Mr. Adam Habib, President of Amur and a member of the NRR board of directors will notify the Company when complete."

Maybe of interest:

Following on the link from RL regarding Canda Nickel,

https://www.youtube.com/watch?v=X3xdlYUfFd0

5 min vid worth a listen if you can be bothered ,

CEO Mark Selby talks about Nickel Supercycle "coming sometime mid-2020", and gives his opinion why supercycles have happened in the past.

Sorry folks I meant gist !! Forget it, ignore my bs!! I am going back to bed!!

Cheers tdt,

wasn't meant to misled, hopefully ppl got the gesture of what I was trying to say.

Regarding the nrr deal, compared to past financial packages, the nrr deal is by far the best alternative, Again we are an aim company with no revenue, shareholder dilution was inevitable. Maybe AMC needed to diversify away from Russia, something that AH has said.

It's a fair point about capital being tied down for 3 years and was something I was worried about as well. As Spartacus has alluded to it is revenue generating dilution, also if we are looking at taking this to production then the time scales set seems to fit nicely when we may require debit to pay off the costs. On that note: 70/30 split debit Vs equity is that reasonable? From $600m needed to get things running $180m will be needed. Will 13% of nrr be worth anything like that? Or help reach that goal.

AH leading AMC board down a dark alley, I am not particularly a fan of AH (I have no facts to question his integrity other then past dealings , maybe he is too slick for me). But I don't see the other board members such as TB to be that naive . off take and debit is it really that unusual?

It looks like AH is still a member of AMC board which suggest it wasn't an internal decision (that being said , recent exodus of board members could still give some gas to this theory). If the 10% shareholder theory has more credence, then the placing and nrr deal seems to have worked out to keep the wolves at bay for the time being. In some ways having a hostile entity or entities in the shadows gives me some comfort in my investment (doesn't mean it will turn out ok) , but if there are wolves, there must be some juicy meet for them to linger in the shadows ready to feast!!

Haha sorry OTL there may be some truth in people taking advantage of a bad situation for delays, but still, it is not a bad excuse, haha, when was the last time you used the excuse of a global deadly virus threatening humanity and got away with it!! (actually, I used it the other day with my boss!!!! )

Better avenue of excuses:
1- The dog ate it!!
2- Your email must have got blocked/in my spam (I use this a lot)
3- Letter must have got lost in the post (old skool, for you youngsters yes, we use to send letters out, handwritten ones as well)
4- My computer crashed

In addition, RY is consulting with solicitors who some may argue are slimier then AMC board members!!!

PS: I am not laughing at you but laughing at the state of the world as we know it.

CT That is fair comment,

Still, if it was me I would take away any lifeline AMC had to make it more difficult,

come on AMC don't let me down!! I am not just saying this because I have some money involved, but I do believe that the AMC BOD have some integrity left in them!!! (this may be my fatal last words before my OH cuts my ........ off)

Hello CT

"I think somebody is positioning themselves to take over AMC and pay as little as possible."

If this is the case, so why vote in favour for all the other resolutions? the 200m share allocation sticks out.

If this is all true the BOD did one thing right and that is to derisk the project with the placing of $6.1m and corresponding deal with NRR, this may just be enough to keep the wolves away for a little longer!! add the 200m share allocation which will allow them to raise some more money to survive longer.

one thing to add, AMC still owe AH 12m shares, does he still qualify for these? is this the reason why the lawyers are involved as well?

Exciting I have to say!!!

So the theories are;

Theory 1: Entity/entities with large enough holding to want AH out because he is doing a good job. Entity/Entities what AMC to fail/low the price so that a hostile takeover can occur.

Theory 2: Maybe it was a simple mistake in counting the votes? Numerically challenged vote counter, Computer bug. Recount and we will find that no shenanigans have occurred. You have all been watching too much TV!!

Theory 3: BOD voted him out because he has ruffled some feathers, funny that Mr. Brian C. Savage and Mr. Ljupco ("Lou") Naumovski left or ousted maybe after AH was appointed? Did they have enough votes to oust AH? or AH was doing something dodgy? ‘Handbag Gate anyone’

Theory 4: Take over/JV, we do not need him anymore! I would take 80pps plus divs thank you!!

Theory 5: COVID-19 is a smokescreen to take away our liberties and install chips in our bodies so that they can……………………………. Opps sorry wrong forum where is conspiracy _theory.com

Another one to add, which is just as plausible

Maybe it was a simple mistake in counting the votes?
- Numerically challenged vote counter,
- Computer bug,

Hello CBS

is it true that as a BVI incorporated business, statutory disclosure of significant shareholdings may be different and may not always ensure compliance with the requirements of AIM Rule 17. therefore the 3% rule may not apply?

MD, we are all in the same boat, 'SHARE' some of the med, please!!!! (Sorry I will get my coat!! ). I stand corrected AH was on the NRR board as well as Mr Robert Marsden RNS dated 30 Oct 2020.

I brought some, dear god help me!!!

AMC just do something right so that I stop buying thinking I am getting a bargain!!

I think they new already , this may explain the absence of AH for the q and a

MD someone was represent amc at the nrr board, the name escapes me !!

I cannot believe he was not voting in because of performance alone!!

cossy he was assigned President and Executive Board Member to the Company Effective 1 September 2020

RNS 7393X 02 September 2020

Hello Sasa43

For me that is the long-term view of why the ore shipment RNS from NRR is important, but I am guessing that MD was referring to immediate/short term share action. An NRR RNS shipment news regarding current stockpile, in my opinion, will not move the share price much. I expect the share price to range from 1.7pps/1.6pps to 2.2pps in the next coming months without news.

Interestingly if you took the average share price of Oct 2020 of 1.94pps before the RNS announcing the delay (26th Nov) and Yesterday’s share price of 1.835pps. the drop between the two is 5%. Maybe it is me, but I am surprised the share price hasn’t on averaged dropped more, considering the TEO is a major milestone deliverable which if not met AMC lose the license? (not sure if this is factually true!) Or has the market priced in the fact the TEO will be accepted?

I see NRR as a vehicle to reduce equity dilution by selling the stake in NRR (assume it lists at a good price) or substantial dividends. I think some have mentioned it already but AMC need about $600million to develop the project. A debt/equity split of 70/30. (is this reasonable?) this would mean AMC will need $180million. Could NNR be worth $180million?

just some random thoughts

Hello TommyTheDog

Not a holder here but been looking in with interest.

I cannot see this as being oversold. When looking at RSI indicator I see it above 30 and well above its all-time lows of 16’s.
The July upward trend all be it short has been broken
Without news, and during the xmas period I see this ranging between 0.85 to 1.1. Current support is 0.95

If 0.85 is broken this could go as low as 0.6

The fundamentals may change this however
As RoronoaZoro121 has alluded to
Gold projects, on a good run now. Warren buffet investment outfit has even invested (at one stage WB had criticised Gold and said he would never invest in gold….blah blah blah )
Copper, EV evolution , technology advances they all need Copper

gkb47 this “ PSI, i.e. Placing and Salaries Indicator, the higher it is the worse it is.” Made me laugh, I will slyly keep this in my back pocket and unleash it on another board, and claim it as mine!!!!! hahahahahahaha