Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
Very slowly. Lets create a reddit pump group to speed the moon rise up....
Il settle for 14p in the first instance
Got the same letter posted to me (Im with Halifax Share Dealing)
Strange that the SP keep dropping, massively undervalued!
Was only 9/10 months ago this got close to .6 p in days.
Not sure about the highs of the past but this can defo be 1p plus
Was the mcap around 80mil when the Sp was 2.2p+?
Yes- this should be 2p by Easter
hmm. Hard to say. But I would hope 1 p (no precise mathematical measurements done) lol
14 January 2021
Amur Minerals Corporation
("Amur" or "the Company")
Q4 2020 NRR Convertible Loan Note Payment Receipt
Amur Minerals Corporation ("Amur" or the "Company"), the nickel-copper sulphide mineral exploration and resource development company focused on the far east of Russia, is pleased to announce that on 4 January 2021, Amur received its Q4 2020 interest payment of US$164,768 based on the US$ 4.67 million Convertible Loan Note ("CLN") investment for the resumption of production at the Northern Territories, Australia Roper Bar Iron Ore Project (the "Project") operated by Nathan River Resources Pte Limited ("NRR").
Highlights:
· This payment is the first full quarter payment totaling US$ 164,768 for period of Q4 2020 ending 31 December 2020.
· The coupon for the US$ 4.67 million investment is 14% and is convertible to 13.43% of the current share capital in NRR. Conversion is scheduled for 25 August 2023.
· As at 31 December 2020, two vessels had been loaded and departed for China. The third shipment anticipated to depart from the Bing Bong port facility on 14 January 2021.
The NRR Roper Bar Investment
Amur's interest in NRR is held through its wholly owned subsidiary, Carlo Holdings Limited ("CHL"). The purchase value of the CLN's was US$ 4.67 million and is convertible to 13.43% of the share capital of NRR, a privately owned company.
The CLNs are convertible at the holder's option at any time from issue until 15 days prior to their maturity date on 25 August 2023. Amur's CLNs may be converted into 13.43 % of the current issued share capital of NRR. Any CLNs not converted by the third anniversary of issue will be redeemable at par. CLNs may be redeemed early by NRR at any time but in such circumstances the relevant holder is entitled to be issued with a warrant giving it subscription rights over shares in NRR equivalent to the conversion rights attaching to the CLNs and a penalty payment equal to all of the unpaid but due coupons to maturity. Glencore is also a holder of CLNs which are convertible into the equity of NRR.
The CLNs provide security over the issued share capital of NRR Group Pty Ltd and its subsidiary's interest in the mineral leases and mineral exploration licenses owned by it in connection with the Roper Bar Project once CHL / Amur receive Foreign Investment Review Board ("FIRB") confirmation that there is no objection to grant such security. This remains to be completed and Mr. Adam Habib, President of Amur and a member of the NRR board of directors will notify the Company when complete.
The Roper Bar Iron Ore Project
The Roper Bar Iron Ore Project was acquired by NRR in 2017 and is situated in the Northern Territory of Australia. Mining operations resumed in October 2020 wherein ores could be shipped without the need for significant processing, referred to as Direct Shipping Ore ("DSO"). An offtake agreement exists
to the price before the RNS. undervalued but a classic pd share
Iv blocked the likes of rise again etc so I don't even see their comments.
No real volume so even smallish trades will cause a flotation with the SP. There has been no news for a while, so maybe people will buy with the anticipation that some news will flow soon
Big ifs, but even if some of those ifs become a reality then we are looking at an SP in double digit pennies. For now my first goal is 1p
Must be a mistake
Lol. It seems to have woken up! My average is something like .2ish
Initially got it at .3 saw it quickly rise to .5 expected 1p and then it dropped haha.
Hopefully 2021 will be the year that this gets some good flow and pushes towards that half penny mark
Agree. I had 50m (minimum) as a fair value
It was a pilot exercise, so knowing the size would be nice but not a biggie. BOD are keeping to their word. 2021 seems like an exiting year and can see this 1p plus by the summer
Seems positive
Yep, and they have a fairly high burn rate. At this level we will need another placing, which would probably be around 0.05! We have some time left before than; hoping for some good news so that the SP can push towards .2. Things can change here very fast! Gl all
its only 5.9% tbh not a big rise
The 30k one seems to be a buy the 17k i think is a sell