Member Info for ShadowLess

bori550

Guess I am holding off counting my chickens until I can count the money in my pocket!!

Personally, the delay suits me, when I can I will keep adding, anything below 1.7pence is a bonus. Yep, still a chance that the div may not be paid out, but the risk is less than what it was.

Astar, no problems.

Maqsood7, you are wrong

"Following the disposal of Kun-Manie on 06 March 2023, Amur Minerals became an AIM Rule 15 cash shell and accordingly, is required to make an acquisition or acquisitions which constitute(s) a reverse takeover under AIM Rule 14 on or before the date falling six months from the completion of the disposal"

The time is ticking as we type!!

GB
"Everything has to be scrutinised for what has been said and, more importantly, what has not been said"
Agree, I would go as far as to say this about 99% of the CEOs on AIM!!

What I would say is the declining share price and delays over the many years have allowed me to average down to the point that IF the dividend payment becomes reality, my loss is massively smaller, although the investment amount is larger. So in some ways, I am grateful for the decline!!! After the dividend payment, I would not invest any more cash but will keep some shares in the locker just in case something happens !! unlikely though.

For new investors, it’s an opportunity to invest, earn a very small profit (based on the 1.8 div only and not the residual value left over ) and have a free carry of shares. This scenario can only happen with AMC!!!

BUT the risk is as GB, MD and many others have highlighted.

Pappiklon

The actual reverse takeover process shouldn’t take very long, that is one of the main advantages over IPO which could take months vs weeks (omitting any snags).

I am led to believe that AMC has been in informal discussions with candidates, including opportunities going back to when they invested in NRR. In a recent video, RY did say that they have also been approached by several people. But nothing concrete.

I am hoping that during the delay, limited as it was, they have continued discussions and moved some forward.

My understanding, worst case scenario, they have 12 months from completion to do something or will have to be delisted.

kwinnee

agree, although it may be stating the obvious it would be nice of the BOD to give us an update, even to say 'we too are in the dark blah blah blah ', 'we are still waiting....'

The only hope I am clinging to is the fact that they haven't issued an RNS stating the Banks have outright refused the money, I suspect that if there was any leak of this the SP would drop like a bomb down to 0.2 and below!!

No news the SP will draft slowly down.

with Theodoros here, Good luck all!!

brookieboy69,
“New deal from China comes in for Amur - a whopping 5p”

It’s funny before the war started, there was speculation about a deal that would return around the 6pps, at that time if that was recommended by the BOD, I think many shareholders, including myself, would have turned down the deal!! How things have changed ;( . I would snap your hand off for 5pps that!!!

That was a large transaction 3.5m shares!! looks like a buy to me, and NOT a rollover.

I must be losing it, I have started to comment on trades now!! AMC come on, give a dog a bone!!

Oh I see what you mean, nice idea, not sure how accommodating the buyer will be to do that also at some point amc will still need to deposit the cash and the banks will do their checks .

EIDR -- made me chuckle.................

Hello MadMat

Just wanted to understand what you mean.

There has been no indication that the buyer cannot stump up the cash, the issue is, AMCs banks (assuming the banks are within the UK jurisdiction) are currently performing DD/KYC on the money that AMC wishes to deposit. To my understanding, the DD/KYC will include such things as money laundering and sanction checks on the buyer.
Things such as:

- Who the buyer is (even though the buyer may not be on the sanction list they may have some links to people who are!! )?
- Where the money from the buyer has come from? so on and so on.....

Even if RY gets a bag full of $100 notes that = $35m he will still need to deposit it somewhere unless he keeps it under his bed!!
......

This is my understanding anyway

Jezzac ;)

That being said, my kids write to Santa every year, they always get a reply!! Here's hoping!!!

Maestro1

Apologies for the late reply, I have recently contacted AMC via email regarding any updates, Mine Plan deadline concerns, and a plan B/C if the banking solution fails. No response yet.

A response would be nice but don't expect one in a timely manner.

Unlike some, I do believe they have approached banks in response to completing the transaction and the delays are within the banking systems.

If I get a response I will post.

Hello Maestro1

Did RY tell you that at agm?
No.

The june date for the mine plan was in the Feb 2021 RNs

Whether the deadline is paused due to the sale is anyone's guess.

Think the deadline for the mine plan is in June 2023!!

Sorry guys, turned up late to the meeting, no chance to ask questions!!

Did meet Eidr who updated me on the meeting. To be honest was more interested in the characters he has met from the lse board!!!

I will summarize what eidr told me which I think maybe useful. Eidr if I have misrepresented what was said than please correct.

1. Russian requirements to complete the deal has been signed off and done. No delay there
2. Buyer still wants the deal to go through
3. AMC are in communication with multiple banks to transfer money. Banking issue could be resolved anytime, it's out of their control.
4. RTO opportunities still being investigated, some of them go back to the Nathan river days, but nothing concrete until money is received.
5. When the div is paid is still unknown.
6. If the banking issue still a concern than could look at a Cyprus banking solution.
7. Eidr to buy the rounds in if the deal goes through.!!

Useless update really , but there you have it.

Eidr thanks for the chat, see you in the next AGM!!

MD

I am planning to go, although waiting for HL to send me what I need to attend, will report as requested.

MD, if AMC is still alive, I will be there, I will bring popcorn!!!!

EIDR- usually I contact HL (or however the nominee is) via a secure message to say I wish to attend the AGM. Normally they send you a letter signed providing proof to the company at the meeting that you are a valid shareholder, this letter allows you entry.

If that is the case Gazzleberry, that would be a good reason for me to attend and voice my concerns, putting it politely!!