LightwaveRF – argues “has continued to make progress”. Er, what about the like-for-like sales swing for starters?
Tom Winnifrith Bearcast: Any bloody fool (bar Neill Ricketts) can grow sales if he, she, they or it spunk enough on marketing
Audioboom – emphasises “revenue growth” & “EBITDA improvement”. Er… what about cash flow & the balance sheet?
On 17 April 2018 AIM wannabee miner Amur Minerals (AMC) announced to great fanfare a scheme whereby directors and other senior managers would collectively buy £5000 worth of shares a month for a year. At the time, wityh the shares at 4.5p to sell, I wondered if it was a spoof. But as each monthly announcement of director share buying came out some folks were encouraged. Today, with the shares at 1.65p to sell, I demonstrate that this whole scheme was a spoof.
After 16 years of missing targets and ongoing dilution, AIM listed Amur Minerals (AMC) is still nowhere near actually building its mine in Eastern Russia and still does not have a single institutional shareholder. The only folks who still believe in this stock are mug punter private investors and that means the only funding available is via bucket shops or death spirals. Right now it is the latter and hence the shares are in a steady retreat - right now just 4.5p to sell. At this rate, losing 1p a month, the shares will be trending towards zero by the summer so its time to panic and go into mega spoof.
Amur Minerals (AMC) was one of the great mining junior ramps of the past 12 months. With the Sith Lord Zak Mir and Justin the Clown leading the charge using bogus charting tomfoolery and soft interviews with the CEO Robin Young, the shares surged to 15p in December at the height of the rampfest. They are now 6.25p to sell and heading sharply lower. What say you rampers? How about "Tom Winnifrith's repeated bearcast warnings were spot on and Zak & Justin The Clown were talking 100% cock as usual?"
When a small mining company sees its market cap increase by over £66 million in the space of a month without any corresponding news to support such a rise, you have to wonder at the sanity of private investors who are still piling into the share.
Further to my earlier piece on the Vast Resources deal with Crede, I now take a look at how things have transpired with Amur Minerals (AMC) and believe it throws up another potentially profitable trading opportunity.
Having written yesterday in amazement about the fact that Roy Pitchford, CEO, at Vast Resources (VAST) could have done such a shocking funding deal with Crede Capital (HERE), I immediately then realised that Amur Minerals (AMC) have done an almost identical deal with Crede but has somehow managed to be even more misleading about it.
John Meyer of SP Angel this morning comments on Anglo Asian Mining (AAZ), Amur Mining (AMC) and Savannah Resources (SAV) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Featuring shares in Amur Minerals (AMC), Baron Oil (BOIL), Plethora Solutions (PLE), Trap Oil (TRP) and W Resources (WRES) with share price targets set for all five stocks.
John Meyer of SP Angel this morning comments on Amur Minerals (AMC), Minera IRL (MIRL), Rambler Metals (RMM), Savannah Resources (SAV) and Tertiary Minerals (TYM) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond
Featuring shares in Amur Minerals (AMC), Challenger Acquisitions (CHAL), Imaginatik (IMTK), Patagonia Gold (PGD) and Tethys Petroleum (TPL) with share price targets set for all five stocks.
John Meyer of SP Angel this morning comments on Amur Minerals (AMC), Asiamet Resources (ARS), Beowulf Mining (BEM), Minera IRL (MIRL), Rio Tinto (RIO) and Stellar Diamonds (STEL) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Featuring shares in Amur Minerals (AMC), Falanx (FLX), Hague & London Oil (HNL), Metal Tiger (MTR), Paternoster Resources (PRS), Surgical Innovations (SUN), together with some share price targets.
John Meyer of SP Angel this morning comments on Amur Minerals (AMC), BlueRock Diamonds (BRD), North River Resources (NRRP), Ortac Resources (OTC) and W Resources (WRES) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
John Meyer of SP Angel this morning comments on Alecto Minerals (ALO), Amur Minerals (AMC), Asiamet Resources (ARS), Noricum Gold (NMG), Obtala Resources (OBT) and Shanta Gold (SHG) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
John Meyer of SP Angel this morning comments on Amur Minerals (AMC), African Potash (AFPO), Glencore (GLEN), Medusa Mining (MML) & Rambler Metals & Mining (RMM) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Featuring Amur Minerals (AMC), Bushveld Minerals (BMN), Coal of Africa (CZA), Edge Resources (EDG), Jubilee Platinum (JLP) and Paragon Diamonds (PEL)
Featuring Amur Minerals (AMUR), Beowulf Mining (BEM), Eurasia Minerals (EUA), Independent Oil & Gas (IOG), Kibo Mining (KIBO), MTI Wireless Edge (MWE)
Featuring Amur Minerals (AMC), China New Energy (CNEL), Castleton Technology (CTP), Eden Research (EDEN), Macromac (MACC), Stratex International (STI)
John Meyer of SP Angel this morning comments on Amur Minerals (AMC), Mwana Africa (MWA) and Tristar Resources (TSTR) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Featuring Amur Minerals (AMC), Ariana Resources (AAU), Egdon Resources (EDR), Goldstone Resources (GRL)
While shares of Amur Minerals were recently given the Bulletin Board Heroes treatment, a material change in the technical perspective means that it seems worthwhile revisiting this in a more detailed way as the Bull Call Of The Day.
Amur Minerals (AMC) has had a fantastic run recently, but now is the time to at least bank some profit.
Shares in Amur Minerals Corporation (AMC) have doubled in a morning on news that Russian Prime Minister Dmitry Medvedev has approved the grant of a ‘detailed exploration and mine production licence’ for the company’s 830,000-tonne Kun-Manie nickel and copper project in Russia’s Far East. Highlighted here last August at a depressed 2.98p, Amur shares surged 10.5p to 20.5p on this development, which entrepreneurial chief executive Robin Young says could lead to initial production in four years.
John Meyer of SP Angel this morning comments on Amur Minerals, Anglo American, Armadale Capital, Bacanora & W Resources as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
John Meyer of SP Angel this morning comments on Amur Minerals, Eurasia Mining, Randgold Resources and Mariana Resources as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
In an (almost) bullish mood today, John Meyer of SP Angel this morning comments on Solgold, Patagonia Gold, Amur Mining and Caledonia Mining as well as a detailed macro view on the news that is shaping global mining and the AIM mining pond.
One western entrepreneur for whom there are compensations in Russian President Vladimir Putin’s forward policy in Ukraine is Robin Young, chief executive officer of AIM-quoted nickel play Amur Minerals (AMC). His company is expected shortly to produce significantly increased reserve figures for its Kun Manie project in Far East Russia, near the Chinese border. Political uncertainties and investors’ impatience have contributed to the fall in Amur’s shares. At 2.98p these are well off their 12-month high of 8.5p and a mortifying 90 per cent down from their 2006 float price of 33p, but the fall in the Russian rouble prompted by the Ukraine crisis has at least cut the estimated cost of securing a long-awaited production licence from $818,000 (£481,000) to $655,000.
If you are risk averse then Amur Minerals (AMC) definitely isn’t the share for you, but it could offer large rewards for anyone taking the gamble. On paper it is hard to see why, at 4.33p, it is trading at a market cap of just over £16 million, given the stage it is at in terms of exploiting its assets, and when compared to its peers.
Amur Minerals (AMC) has recently raised £5.2 million by way of a subscription by new and existing shareholders for a total of 71.7 million shares (17% of the shares in issue) at 7.25p (a 6.5% discount to the previous close). This secures it near term funding needs and thus offers massive upside according to commissioned researchers Edison.
What can be seen on the daily chart of Amur Minerals (AMC) is the way that the latest 3.35 million shares purchase announcement comes after what has been a constructive build to the price action for several months. While we are probably not looking at an overnight sensation, it would appear that over the summer the stock will head back to the levels seen in 2011.
Amur has started its 2013 drill programme at the Kun-Manie Ni-Cu project, focusing on a 2.5km-long deposit called Kubuk. Geophysical and trenching (past results = c 50m horizontal length grading 0.63% Ni and 0.16% Cu) studies suggest all the hallmarks of a strongly mineralised region of the exploration licence; and one that could materially change the size and shape of Kun-Manie’s mine plan.
One of the qualities required in equities trading is patience, a quality that I have yet to acquire.
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