Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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.
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