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Amur Minerals RTO – what nonsense and misleading spivvery is this?

By Tom Winnifrith, the Sheriff of AIM | Monday 13 May 2024

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.

Shares in Amur Minerals (AMC) have been suspended today ahead of an RTO which is projected to go through on may 31. Expecting to be lambasted for fighting on behalf of cancer I have to ask what nonsense is this, spaffing £5.5 million on a business that is technically insolvent. I might not earn $305,000 a year like failed outgoing CEO Robin Young but I can afford an optician’s appointment and can thus see through what is a dreadful deal and an RNS which is downright misleading.
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