Yes, of course, that would never happen,especially in far east of Russia-where everything is always played by book !
One only has to look at all the satisfied (not) shareholders of mining explorers that Jinchuan have aleady taken over to see that any concerns about cheap take overs is indeed unfounded.
But like you naively said, we can just refuse the take over..lol..
You obviously don't know how this game is played
! Jinchuan (or similar) usually take a 51% (or more) controlling stake on return for a cash payment and promise of investment,they then gradually fabricate difficulties with viability of the mine,extra costs ect ect and force (note the word force) through a cheap take over with little gain for shareholders.
Check out all the disgruntled mining explorer shareholders that have already been taken out by Jinchuan,some even set up action groups against Jinchuan but all to no avail.
Make no mistake, this is the Wild West of the investment world where anything & everything goes !
Sure, like you, I'd love 45p too, and I hope we get it but I'm also realistic about the possibility of a cheap TO here,so I'll be taking profits on the spikes and scaling down before the TO.
Regarding the definition of the word stalemate,you are just being pedantic ! I was simply using the word ' loosely' to describe the current situation in amc.
As you know Ive had Soot on ignore for the last year, although I do get the jist of a few of his posts based upon how others respond.
Soot will always be remembered on this and the other boards as the individual that voted to keep Crede whilst stating that they didnt care if they got wiped out as they were on a free carry and the share had been fun.
As a benchmark for anything that occurs in the future, seeing Crede through T4 & subsequently T5 as he desired would likely have resulted in AMC issuing 500m shares for just 5m GBP (If we base Crede getting the warrants for free as they always have). Thats just 1p per share!
As it is, work has continued unhindered with an incredible 2017 drilling season, no further cash raises to date, Medea have come on board and identified opportunities and what will be an incredible PFS is imminent.
So personally, I have no interest in his posts. At the end of the day I am certain that for the most important decision we shareholders had to make he will be proven massively wrong.
What really cracks me up is that he will ultimately owe the likes of myself and all others who recognised how bad the Crede deal was for his AMC return being better in the future than his decision would have led it to be.
Schachmeister. You being the chessmaster will know that a stalemate means game over. Regarding ridiculous take-over offers, - well we do not have to accept them. As there is nobody holding a large stake, a crazy offer cannot be forced through. In any case crazy offfers attract other interested parties. I would imagine a potential byuer would start building a stake which would also help the share price. I expect a take offer price to be close to the two year high of around 45p.
It seems my impression that our management were inept is bordering on positive compared to Meister&Meistre Inc. who seem to think that the companies aim is to use and abuse the pis
Oh well this time next week,month or year as they say
This would also answer my niggling question of why the board won't touch their own company with a barge pole and may also explain why we have no ii's.
Yes Soot, the 400% premium is a classic headline type with many of these small explorers that get taken over.
I like this line of thinking, it's far more realistic,although Jinchuan usually only pay around a 50% premium.
Jinchuan & Norlisk will both be out to brutally rape amc shareholders and they will do all in their power to get Kun Manie as cheap as they possibly can.They will use every trick in the book & many more tricks that aren't even in the book to pick Kun Manie up for a Nickel & a Dime.
And when SP Angell our brokers didn't mention us but mentioned a copper company in Georgia I got the feeling we were being sidelined to let the price drift down to 2p then someone buys us for 10p ........big headline "400% premium on small British miner in Russia!"
I don't know if I'd pay much heed to a car dealer..by telling about EV Rovers down the road he ain't going to sell many today is he?? Guess he's looking forward to selling his next car in 2023!!
Having read the link below it seems that every nickel source is being looked at except us! Almost as if we are being deliberately ignored... Esp again as our broker in an interview re EVs chose not to even mention us??
I begin to wonder if we are Norilsk's , maybe to be picked up a decade down the road, but nobody has told RY or us yet?
I was at my local dealer today and EV is coming big in the car industry and that's from a company which are late to the stage , it be interesting what they have in 5 years time , Tesla have paved the way for the oil hungry past manufactured vehicles
Soots don't look you going to be disappointed with this
Talk of the devil.....
What does he mean by a deal being fair to existing shareholders? What sort of deal would meet his criteria of fairness so that he would not rabble rouse to go against the board?
As the previous "financiers" would seem to be stuck in limbo unable to exit I wonder what sort of financier will come forward to finance the next round of exploration? And will they be willing to put up with another peasant revolt?
I dont have a problem if funding is coupled with the PFS as long as it is fair to existing shareholders.
With the previous deal turning out the exact opposite as expected, it is important that management have learnt lessons and get a future one right.
I understand that the complexities around directors buying shares, but even I am finding it hard to believe that in the past 3 years there hasnt been an opportunity for them to either purchase or set something regular up. I really would like to see them put their hand in their pockets so that they consider and understand PI concerns in dilution situations.
The current pinned share price in the 7s is in my mind providing a false level of stability as Crede have been happy selling / dripping the free shares AMC chose to grant them into the market in the 7 8p range.
The subsequent lack of news and unexplained delay in the promised PFS has prevented Crede from exiting quicker which in turn has prevented the share price from rising to a more realistic level.
I think most on here feel that with a current audited PFS issued, no overhang of Crede, improving market sentiment to Nickel and management delivering to quoted timeframes we would be comfortably trading in the teens. An update on Jinchuan activities, the road, interactions with the far east development fund also couldnt hurt.
I think a large portion of director warrants are expiring shortly. I hope that there is a marked improvement in the share price and news flow before they come back asking for them to be replaced.
Yes GB33, Crede are indeed happy to sell at any price but they still need volume.There has been little or no volume for them to sell into over the last few months.Try to place a sell order for 1/2 /3 million amc shares with the mm's when the volume is low (like now)and you will then understand why you need buying volume.
When you sell in size on small illquid stocks like amc,there has to be some buyers or the mm's will have to reduce the nms to such a small amount that it's simply not viable or practical to trade.
Crede know this and will only place sell orders as and when the volume allows, it's simply the best way for them to recoup cash for their unwanted shares.
Even p.i's like myself have frequently experienced difficulties selling or buying illquid shares when the voulme is low. So for a company like Crede with 15million to dump, it requires a patient & skilful approach to dump such amounts without completely ruining the market in the said company and being thus left with milions of unwanted shares that they cannot sell.
It is indeed currently Stalemate here..There is no volume for Crede,so Crede can't sell and the sp hasn't moved for ages because the buyers are spooked by Credes presence,whilst the sellers (Crede aside) refuse to sell at this low price,and there's currently no big news to break the deadlock either,so that is Stalemate ! Yes, this will change at some point in the future, but at the moment we have a stalemate situation.
Schachmeister. A stalemate it is certainly not. The side who's move it is, is just taking it's time but the game will continue with many more moves to follow. As usual with your posting you are backing it both ways. "Crede could still hang around for 15 months or gone in a few days". " small chance amc will surprise us and announce some 'big news' but I don't anticipate this". Thanks for this enlightening info.
Crede can't sell ! They will have been lucky to sell any shares whatsoever over the last few months. There is no volume to sell into and hasn't been for months.
Crede hate holding unwanted shares, even if they are free, and they will be eagerly awaiting the PFS,so they can resume business.
I do think 'something is brewing' and I expect finance for this seasons drilling to be announced alongside the PFS or in the days following. As to the reaction of the sp to the above news, it all depends upon 'who' provides the finance ?
Obviously, there is always a small chance amc will surprise us and announce some 'big news' but I dont anticipate this and I expect little more than a mini-spike on the rns/s before Crede start unloading their millions of unwanted free shares.
At the current dump rate Crede could be here for another 15 or so months,depending on the volume,or they could be gone in days on 'big news' !
Now, back to sleep everyone, Zzzzzzzzzzzzzzzzzzzzz
I hear what you're all saying, but he is notorious for missing stated timelines. he has done this for years. A FTSE ceo would not get away with it. You would think he had learned this lesson many times over.
A savvy CEO, would not continue to promise news on timelines, when variables may affect delivery.
worth running the rule over.
debt free by the end of this year ,maybe even Q3
100oz of gold this coming year.has averaged earnings before optimization early Q2 2018 of $80mill
yet same market cap as AMC??
i would suggest its worth many times this price.
worth running the rule over, dividends got to be only a year away surley?
obviously wont be worth any where near as much as AMC when and if we actually mine anything ,or sell up but currently sits on a price which tbh baffles the heck outta me.
just thought id share dyor etc etc
Banman it shouldn't come as a surprise that we're three weeks into January with no pfs yet. I thought at the beginning of January that had the document been a day or two behind schedule I daresay all the stops would have been pulled out to publish on time, and that RY would probably take his time to cross the T's and dot the I's once the deadline was missed. The share price won't suffer any more if it's four weeks late compared to three weeks late.
Baman, I understand your frustration but we have been waiting for years now, so what is a mont of extra wait after all?
We know the PFS will be out eventually!
I wouldn't take it on RY if the PFS is delayed two weeks.
This must be happening for a valid reason, and I like to believe that is a good reason and beneficial for all LTHs
Take it easy banman. There could be a simple explanation. You should know that with the many variables AMC is dealing with it is not a train smash to miss a provisional date, which was in any case not set in stone. The company has reached a critical phase and has to get all its ducks in a row. If or when a mind blowing RNS appears you will be the last person to complain it was a few weeks "late".
We are now 3 weeks into Q1, 2018 and still no communication as to the PFS or the reasons why you have failed us for the umpteenth time, yes Mr Young, the document that YOU said would be out before end of Q4, 2017.
Well done for continuing your abysmal record of delivering news within your stated timelines.
You sure do know how to treat the shareholders with utter contempt.
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