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Isn't there meant to be some rule where they cannot accumulate shares while negotiations are ongoing?
That being said, many ways to break the rules!!
I think Geng will tell you to 'Feng Off' hahah lol
Sorry I get my coat!! brought nothing to the discussion..............................
ART123
Maybe the way to go, but for me, the timing is not right, at the very least get the TEO signed off and published, maybe go as far as the Mine Plan in place, gov funding for the road, international tension easing, Metal price at record highs, only then maybe we see true value. This would mean a few more years!!
SP28
That’s right, currently, the baseline has been set at 100m (this could change), As some have highlighted already, they offered before the publication of the TEO and during the potential conflict, what value will the fully signed off and published TEO with improved figures be worth?
RY and the team, can they hold your nerve and get the best deal? I for one will not accept 100m!
Hello Etank
I wouldn't accept a £100m offer, that being said
@ 6.9 pence a share would mean a 100% profit for me, bear in mind I have been here 8+ years!!
What I would say, it would be a great time to buy some asserts on the cheap with what is going on in the world today, maybe a cheeky informal offer was made!!!
I have no evidence to back my statement up, but I do not believe RY would take such a low ball offer (besides I don't think his share average is any good either!!!! ).
We have money in the bank and AMC can ride the difficult times ahead.
Hello CBS
"I hope im wrong but this has all the ingredients of an RY RNS stating that the board are unaware of anything going on at the moment."
Past experience with AMC, they usual squash such rumours with an RNS and believe an RNS will be published, Conversely, If AMC does not issue an RNS then in my opinion an offer was made.
Interesting, thanks TDT
Hello TDT
Please excuse my ignorance on this,
Euroclear Nominee account appeared for the first time in December, but could it have been around longer than that? for example in the 'Others' category?
If the above is not possible then does that mean they started to accumulate in December? Not sure if the Volume stacks up!!
Reason for asking, curious to know what kind of average they are accumulating at!!
Hey Wand
Sounds like a sensible plan,
Made a little bit of money on EUA (should have made a lot more, but my bets were on AMC rather than EUA when EUA were in the single figures dohhh ). Still have some EUA and may add a few more to average up.
The EUA LSE Board though!! cracks me up!! You could write a psychological thesis titled "Bipolar nature of investing" based on that board!!!
I guess that when things ever hot up in AMC, it will be the same??!! Could be soon
Hello WandGrabitt
You naughty person!! Don’t tell me you sold your profits in EUA and now planning an assault on AMC? You either timed your entry perfectly or just missed the boat!! EUA going down and AMC up!! (please no smut haha)
EUA looks like it is heading towards the 20s again without news, maybe keep your powder dry to add there?? ??
Usual Caveats
"Placing coming?"
I doubt it.
Accepted
Errm 8adger
Being mistaken for TDT is not necessarily a bad thing, as TDT is well informed.... sometimes ;-) haha!!! but still.................................
FROM SHADOWLESS
Hello 8adger
Hope so.
that being said, I don't believe it was a so-called 'hard deadline' and with AMCs track record and the dependency on Russian agencies input, I wouldn't be surprised if negotiations were extended beyond the said time frame proposed.
I guess there are a number of outcomes from the end of the negotiations that may need to happen before the TEO is signed off.
1- All agree that the TEO is perfect and no modifications are needed. The TEO then can be signed off, Translations can be done, Mine plan, BFS can continue as planned....................................
2- The TEO is s**t and there is nothing there to be had, 'we disagree and the TEO needs to be completely scrapped'. This is the end of the road for AMC.
3- The TEO is great, BUT, blah blah blah additional work is required!!!
I suspect option 3 is the most likely outcome and that additional work will be needed before the TEO is signed off. At a guess, some of the work can be done in parallel with continued negotiations, but others may take longer than the proposed six months.
Obviously, I am hoping for number 1 and that in Feb AMC can announce that the TEO is now complete.
All IMHO and have been wrong many times
I guess the other issue is what investment strategy the accumulator has and whether they are in for the long haul (whatever that is) or whether they will be happy to double/treble............ from these lows.
Thanks, tdt
But do you think RY is in Cahoots with the 'someone or knows something but not saying? Some are entertaining this scenario.
Apologies for being overdramatic, but sometimes I just think of the children!! 'Won't somebody please think of the children '!!!!!
Sorry, I am losing the plot now!!!!!!!!!
Thanks tdt
I was more curious with the suggestion that RY and someone or some entity who is accumulating shares are conspiring to do something malevolent against the best interest of the SH.
Hello Geng and Astar
Not sure I recall AMC stating a lawsuit is planned against AH? I understand that lawyers were consulted about the situation, but a lawsuit brought against AH??
For me, the outcome that he was ousted is good enough, it's obvious we will never find out the truth.
What is the thinking behind the accumulation of shares and RY's, and I quote Geng on this, 'Coy' response? Do you think he knows someone is accumulating for a hostile takeover and if so, not acting or acknowledging it means he is willing to let the company go for cheap or any other scenario for that matter?
The fact that RY was presented with some difficult questions and tried to address them was a positive for me.
Yes, would have been nice if the presentation was more polished (don’t think the inquisitor was great either) but the whole exercise was to answer questions from SH.
Need to rewatch to absorb what was said.
But the general gist;
- TEO is at its final stages and will be released by end of Q4 2021. (Not sure what ‘released ‘actually’ means and whether SH will see it or more work needs to be done, such as, translations, internal review….).
- Main focus has been the TEO and after that the Mine plan and BFS.
- Battery testing/downstream processing/MHP (battery ready product) will be looked at in 2022.
- Off-takers, Not the time to be signed up to anyone because it doesn’t give flexibility, hinder other negotiations etc….
Guess like many, my questions was around things like, C1 cost, Capex, BFS which was addressed by RY but not necessarily answered. Once the TEO is published many of the questions will come to light. I did ask about Directors buying but it wasn’t asked.
Reading between the lines, the PFS is redundant now and that the additional findings which are included in the TEO should see an increase in NPV.
It is fair to say that the project has got this far and the statement that the TEO will be released by Q4 2021 must mean that the project numbers presented are realistic and thus the project is ‘economically viable’. Not sure if this ultimately means that SH will see fair value, but the optimist in me likes to think RY and the team are trying to maximise SH value. The only issue is that they are looking at every angle!! Just got on with it!!!!
Erazzel – Slightly harsh haha, the fact that RY seems to be a bubbling boffin in the interview (I mean that in a good way), reminds me of ermm me in similar situations!! Prefer it to AH, look what he has done for EUZ!!!
I guess we continue to chug along!!!
Geng, I am with Astar here, doubt HZM will see 3.45, if it does, I will invest—feels like cheating on AMC!!!!
https://amurminerals.com/content/wp-content/uploads/20211112-Notice-of-AGM.pdf