Member Info for ShadowLess

It's a good point, -- I, too, expect, the deal to be completed by then!!

Was hoping to glean anything from the team regarding the RTO, and the future, has the BOD got anything left in the tank for me to keep my holding after the div is paid!!

Haven't been to one in ages. Time to look RY in the eyes (trying not to poke them into his skull ) and see what he has got left!!

Trying to seek any positives from the RNS

1- "Amur and Bering are keen to complete the sale" stated in the RNS
2- advancing to the stage where the bank was performing their DD means at that moment in time completion was imminent and money was about to be transferred imo.
3- maybe a opportunity to add more at a lower sp! If you have balls or ovaries the size of melons!!

Good luck all!!

Maybe of interest

https://www.charteredbanker.com/resource_listing/cpd-resources/the-role-of-kyc-when-it-comes-to-sanctions.html

I hope that the 'personal guarantee ' still stands for this deal too!!!! You cannot go back on your word Vladislav Sviblov, it's been RNSed!!!!

The completion of the deal is a huge milestone and price-sensitive one, therefore an RNS is expected with some kind of statement regarding the monies being paid in 5 days' time after the completion.

OblastTigers does make a good point regarding any collapse of the deal will have to be RNSed, but we cannot assume the deal is 'completed' because it hasn't collapsed.

What is everyone’s trading strategy on this

Assuming completion/money received -> SP around 2.1p (conservative estimate).

After the announcement is made
1- “Get the F*ck out while you can you fool”:- Trade all shares for 2.1p, therefore no AMC skin in the game and move on.
2- “You think you're pretty smart!!”:- Trade all shares for 2.1p, wait to see if SP falls and buy back in lower (before ex-div date)………...
3- “Seriously, you are not very smart!!”:- Wait for div @ 1.8p to be paid (up to 90days), then sell shares (see what value the market thinks of what is left, hopefully not lower than 0.3p).
4- “You deserve to lose it all”:- Receive div @ 1.8p and keep the shares to see what the BOD can do.
5- “The completion is not going to happen/BOD will screw you over”:- sell now and stop adding!! sell sells sell

Some will say I am crazy, but I am hedging towards option 4. The main reason is, over the years of accumulating I have built up largish holding, maybe only chance to have such a large holding in a company.

Not sure if 2 and 3 end up being the same !!

One hopes that the AMC team are not all sitting there with an abacus working out the tax implications for shareholders and are actively looking out viable RTO opportunities!!

Compared to BION, AMC is more attractive as they will have more money in the bank (after the div payout). what is interesting about BION is that they have around £504K in cash and cash equivalents, yet their market cap is £1.1m.

Neil777

To clarify, if not known already,

it is expected that, among other things, the approval of Decree 81 and consent from the FASR be completed within 90 days of the signing of the SPA which was in August. Worth noting that the approval and consent are obtained by the buyer (Bering Metals LLC).

Although there was no explicit statement referring to when the funds will be deposited to AMC, if we assume the said timeframe includes money being transferred to AMC , AMC will then pay a special dividend of 1.8 pence within 90 days of receipt of the cash.

Therefore, we could be looking at the div being paid to us shareholders in Jan 2023.

As maestro1 has said, once the money is AMC bank, it has been derisked, until then, anything can happen!!

"RNS Number : 1126V
Amur Minerals Corporation
05 August 2022"

nibble = nimble haha

At the time of writing, I was nibbling on a chocolate bar!!

Hello Henners007

Not sure if I totally agree with "Mr Market is saying to us quite clearly the payment WILL NOT ....", if this was the case I would expect the share price to be lower..., maybe??

As an investor, can I consider myself as the market?? admittedly I do only own 0.0000000000000001% of AMC!!! my personal outlook on this is and may explain why the share price is where it is ...

1- The continuation of the war adds uncertainty; there is still a chance that the deal will not be approved even though RY is confident that it will. I haven't heard of a similar deal in Russia not being approved !!

2- Timescales mentioned, as TDT has highlighted this, that we could be looking at Jan 2023 for div payment, in the meantime, savvy investors may see better investments that will payout sooner. I am certainly not one of them, just not nibble enough, therefore adding small amounts in AMC, and bringing my average down is more appealing. In addition, the timescale proposed still gives enough time for Putin to change the rules !! ( I think there is a common theme !!)

3- Trust in the BOD, to be able to bring the bacon home......

Early mentioned that the share price may drift lower without news, I would add, I think it will start to raise again closer we get to 1st Nov in anticipation of news, MM will play their games if you believe in those things, (caveat being Putin and the West don't do anything silly!!)

I doubt there will be any news, if there were I would expect the share price to react accordingly—past experience of a leaky ship.

up = approval of the sale by the relevant people / RTO
down = approval denied
bouncing in the range/may even slowly drift below 1!!!! = no news

An observation from the video posted by Trojan, thanks, by the way, RY made a point to indicate the share price is 1.3 while discussing the dividend of 1.8, that was a clear sign for me to add more so I foolishly did!!! someone shoot me!!!!

Rover62 makes sense.

Thanks for the honest response guys

Thanks, Sasa

Yes, the risk that Putin will just pull the plug on the deal still weighs heavily on my decision not to plough my savings in here. Good Luck

TDT, deluded as I am, I am interested to see what else they may have to offer, hoping the BoD wants to redeem themselves, and add value to shareholders who are remaining and still alive!! Actually, maybe, I too, have been here too long!!! Good Luck to you TDT... I think you and I need it!!

MW, understandable, GL

Hello Sasa43 and Rover62

Rather surprised that you have sold out now, is there doubts about the deal being approved? doubts about the timescale for the deal to go through? is it because you do not think RY will distribute the dividend as he says he will? I guess selling now takes the risk out of the equation.

I assume the other opportunities risk vs reward is better than a 'guaranteed '1.8p div within let's say worst case 5 months (about 20% increase from current share price) plus any residual value once the div is taken out which equates to around 0.5p. In essence, an additional 47% loss when you have recently sold out (unless I have my understanding completely wrong which wouldn't surprise me) .

If you both wish not to respond then go F*ck urself!! , haha only messing around, either way, good luck in life Sasa43 I will probably see you in PUR ;-( another fine investment choice I made!!

ShadowLess

Rosscorp
maybe so, but I think the market wants to see firm confirmation, an RNS of approval should see a steady rise, I agree.

Blackrhino1
I don't expect to see it, but if the BoD were to purchase shares with their dividend payouts, some have already alluded to it already some performance Vs reward structure on the next venture. A clear Project plan................

Rover62

Agreed, there could be a chance that the RF reduce the sale price between the two parties, look at the Kinross deal

April 05: Sale of Kinross Russian asset for $680m agreed.

June 15: Sale completed for $340m (https://www.globenewswire.com/en/news-release/2022/06/15/2463020/0/en/Kinross-completes-sale-of-Russian-assets.html)

On another note:
Took the RF just over a month to approve the deal, so maybe Octoberish to complete the transaction and have money in the bank?

Thanks

Sounds like they may have another venture already in the pipelines (at least in discussions)