Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Kammy
https://twitter.com/ZaksTradersCafe/status/1508480905727381508
courtesy of Stu_1978
ps: strangely written article.
Kammy
Fair point about the sanctions being in play for years to come. I do think people/orgs find loopholes around some of the sanctions imposed. Some argue that the loopholes are designed to allow businesses involved in commodities like oil and gas to seep through!!
The sanctions will have little effect on China who I believe may have a role to play, China and Russia have already started policies to develop the far east. and with what is going on, China will be rubbing their hands at the Spring sales in Russia!!
I do get the 'let's get this over and done with' point, and the major risk of Russia, nationalising, penalising, going back on their word for foreign business, ww3 ....... need to be factored in. Although there is no real evidence that this will happen yet!!
I think Amur_isagogo said it, the market has no appetite for the TEO or sale or anything to do with Russia investment yet with the horrible things happening in the world.
Sycho that made me chuckle until I realized I must be a bigger tool, to follow the tool!!
I'm with CT,
releasing the TEO numbers now servers no purpose now.
In fact, even if buyers have the TEO numbers (and they are positive), with the current climate, AMC will be in a weaker position when it comes to any negotiations of a sale. Fair value, we will not get.
AMC have money in the bank which will last a while, AMC board need to sit tight, hold their nerve and wait. If needs be, string the discussions along (they are good at stringing people along!!). I have waited this long for my investment to mature, I can wait a little longer to ensure we get the best deal or something that resembles a fair deal, otherwise I am prepared to lose it all!!
Just my views, still trying to be positive, naive maybe so!!!
Hello justinterested15
There is always exceptions to the rule, hopefully this will be one of them. Good Luck All.
Justinterested15
"The answer to all this is for them to revolt against Putin."
Unfortunately, history shows that the chance of the people revolting against a dictator like Putin is rare! An army coup may be different.
The funny thing is sanctions are designed to course disruption to the perpetrators and civilians. It is hoped that the civilians would revolt because of the sanctions. It is the civilians that end up suffering more than the perpetrators;
The irony is, The civilians are too busy finding ways to survive, in some extreme cases you will see families starving and the only people helping are the powers of the country 'Would you bite the hand that feeds you?'
"So if the bod decided to put Irosta up for sale at the price being banded around, you would be ok with that?"
One of the major grievances amongst shareholders is that we haven’t had enough information to make an informed decision. The release of the TEO may help us answer the question.
The next news will be (and I hope) the approval of the TEO, followed by the full report released within the public domain. If all is well and good, I expect sentiment will continue to be positive and a little rise in the share price may happen. For some, it may be an opportunity to top slice if they are that way inclined!
Made me chuckle
What is even more worrying is that they went to the trouble to convert the stated £100m in the RNS into $134.9m
My take on this all is similar to CBS in that the next news is....
TEO approval,
TEO results,
Funding from Gov,
Offer > £100m
When does all this happen? I don't know but I do know that it takes me a long time to buy a watch.....
Discussions of a potential purchase with the Other Half (this is a precursor---- many months of compliments, sweetness, flowers and chocolates !!!! )
Said watch proposal approval from the Other Half
Results as in how much I can spend
Funding from the bank
Should I offer 30% < published price!! (negotiations begin!!)
My opinion is worth as much as yours, but what I do know is that the assert is has not been given away for nothing yet.
Hey ForrestGump
For me anyway, the fact that they are only in 'discussions' and that the discussed offer has come before the TEO is signed off and released, tells me the buyer was chancing their luck.
I could be totally wrong here (and it is not unusual for me to be) but no offer will be put to shareholders until at a minimum the TEO is released and like some have said the TEO hopefully will add value.
The flip side is if the BOD present an offer to shareholders before the TEO, I would personally take it.
Rover62 and F1ddy I agree.
I am not surprised that the BOD are in discussions with potential buyer/s for xx million and believe that they have been for many years, It should be part of their job to be in regular discussions with potential buyers. I don't think every discussion (if not all ) warrants an RNS. In this instance, information was leaked, speculation grew and the share price acted accordingly, I guess they had to issue one.
For me, the RNS uses the word discussions which is very different to negotiations of an official offer
The BOD would be wrong to dismiss the discussions of 100million especially if the buyer is credible. I expect the 100million is the baseline to build upon.
Yeltsin? actually, maybe not, he likes a party or 2 as well
Sorry Sp28 no.
We don't know 4 things
Hello Lucando
But will they have an option?
I hope the other option would be to continue with the initial plan, Hold off until the TEO is published, Sign off the mine plan, BFS ........ For me, all this adds value.
They have money in the bank, they have reduced some of their other overheads over the years. If the TEO is any good then I like to think that people will see an offer of 100m is too small.
This is Russia though....
Stating the obvious here but TB experience will come into play here.
Unless there is a major f*ck up with the TEO, I cannot see them letting this go for 100m
Hello WandGrabitt
You may be right about the FSP, that being said, regarding EUA, even after the FSP period was over, no formal offer was made or announced, unlike AMC!!
I to have added, I must be mad!!!
Sorry people I am bored so, been racking alongside other things, my brain.
RY is in ‘discussions’ (interesting choice of word AMC used, they are only in discussions and not at the negotiation phase) with a potential buyer, did RY need to issue an RNS? No.
Was RY under some NDA with the potential buyer? Probably Yes.
Did the leak benefit RY or the Buyer? In my mind it benefited RY, some have said the leak forced RY hand, so they had to issue an RNS, maybe it was planned that way??
Hello sasa
Hope all is well and the path for you to feel better is not too difficult to traverse. Although I haven't contributed much to the forum, I have read your contributions and have respected the balance view you have.
Hello Blackrhino1
You may be right, and I totally understand the grievances of LTHs and some of the criticism put forward is more than justified.
It may seem I am an RY nut hugger, maybe it is his Father Christmas characteristics, but I acknowledge that he and the team can do better.
As you say, we are where we are, with the way events are moving, maybe AMC will regain the trust of shareholders?
Hello fission
I am not going to go through all the deliverables they have delivered, and to be honest, and things they haven't delivered, but what I do know is that they have got us here today to this point, whether that is good or bad is all relative.
As Blackrhino1 has said, we are where we are, maybe RY and the team will come up trumps, I hope so as 100m will not do.
Tdt
Are you agreeing that I am a fool!! Many would agree!!
gwm121
In all fairness to AMC they did attend regularly mining conferences in the past (some will argue it was just a jolly for the directors, maybe so, but in many countries deals during copious amounts of lavish food and drinks are made, not sure about Russia but still true in China , if enough drink is flowing, you end up with a new brother!!!)
They hired Medea (2017) to undertake an analysis of global debt markets and potential strategic partners, admittedly, as per AMC, we didn’t hear anything resulting from it, but they did go through the motions.
Maybe they have a list of potential suitors already and no need to shout about it, maybe it isn’t the time, their main focus is on the TEO/ Mine plan/BFS…….. and rightly so at a minimum the TEO should be signed off and released if the numbers stack up to the promise we have had then this will put us in a better-negotiating position.
Maybe I am the only fool here, but I don’t believe RY and the AMC board are a collective of evil people who are planning to screw shareholders!! Are they human and worry about their own skin first and foremost yes, probably, but an offer of 100m for XX amount t of years of work is not a legacy that RY will want to have?
The flip side is:
The TEO is a disaster, there is nothing in the ground, the 100m is the best they will get……. RY sign on the dotted line asap!!!