Amur Minerals

LN: AMC

Market Cap£20.1m

Last Close 1.46p

Amur Minerals is an exploration and development company focused on base metal projects in Russia’s Far East. The company’s principal asset is the Kun-Manie nickel sulphide deposit in the Amur Oblast, comprising over a million tonnes of contained nickel.

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Investment summary

On 4 November, Amur announced it had raised £1.2m (gross) via the issue of 70.6m shares at a price of 1.7p per share from an asset manager ‘specialising in natural resources’. This share issue is of material importance in advancing Amur towards completion of its mandatory Russian feasibility study (TEO) for its Kun-Manie nickel copper suphide project in Russia’s Far East. Due in December 2020, information included in the independently compiled TEO will also be incorporated in subsequent western feasibility study work.

Y/E Dec
Revenue (US$m)
EBITDA (US$m)
PBT (US$m)
EPS (c)
P/E (x)
P/CF (x)
2017A 0.0 (1.9) (1.9) (0.3) N/A N/A
2018A 0.0 (2.2) (3.4) (0.5) N/A N/A
2019E 0.0 (2.3) (2.8) (0.4) N/A N/A
2020E 0.0 (3.8) (3.8) (0.5) N/A N/A
Content on Amur Minerals
Amur Minerals – Russian TEO status
Metals & mining | Update | 3 December 2019
Amur Minerals – Kunning
Metals & mining | Outlook | 1 April 2019
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Sector
Metals & mining
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Share price graph
Balance sheet
Forecast net debt (US$m) 0.2
Forecast gearing ratio (%) 1
Price performance
%
1m
3m
12m
Actual 3.9 (12.6) 36.6
Relative* 1.1 (18.2) 9.8
52-week high/low 2.9p/1.0p
*% relative to local index
Key management
Robert Schafer Chairman
Robin J Young CEO