Amur Minerals Corporation (AMC)

Thargor

The last share Im going to buy for a while and my second biggest holding is Amur Minerals Corporation (AMC):

http://www.iii.co.uk/investment/detail?code=cotn:AMC.L&display=summary&it=le

Got in @ 10.5p last week, currently @ 14.5p waiting on final license approval from the Russians (3 out of 4 stages already passed and nobody expects it to fail now, even if it does there will be large compensation for all the exploration work its done up to now). They're targeting huge mineral deposits in Russia and preliminary results are very promising, they've only surveyed about 20% of their zone aswell, another round of exploration starts this month so good chance to get in at the beginning of a very promising nickle, copper, various other minerals producer, the price will rocket in the short term when the license is granted, long term when they're producing Im hoping for £1.50+. There could be a retrace while we wait for Russian bureaucracy to sort itself out though, and a denial of the license would be a bit of a disaster even with the compensation which is obviously why their price is so low at the minute. DYOR etc.

kevingleeson

Very interesting one I had not yet spotted, I have been kinda glued to berkley mineral resources to be honest for this week but now im wondering should I think twice

This £1.50+ is it you expect or hope for it and when do you see the price rises like where do you feel will be in a week a month 6months or are you quite unsure but just have good hope

Thargor

£1.50 is a couple of years down the line after they've built smelters and stuff onsite and all that, barring a takeover, notes in the short term are around 35-50p after the license is granted, this is only on whats currently being surveyed though ie 20% so its interesting times for the share, the only problem is the waiting game, it could drop 20% this week if there's no news then be back up at this level again next Friday, or it could drift down towards 5p again, who knows. It makes it hard to give timelines. Things are definitely picking up now, they're already digging so I think of it as a safe enough (compared to my other extremely risky holdings anyway) place for my cash for the next year or two with the possibility of major, major upside.

cooperguy

Thanks for an interesting post Thargor. Iv no cash to even consider doing some research on this share buts its always good to see what other people are going for!

xertpo

Has anyone being following this share of late?

Thargor

Got my money back ages ago and didnt look since, there was a bit of a spike a couple of weeks back when they thought they had the licence sorted but drifting since, havent looked in a year though.