"the results of the ongoing work have strengthened our feelings to a much higher level of excitement and anticipation."
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Good I hope so. If you do get a copy, please pass it to us.
TIA.
Which puts our value over $360M or over $3/share.
I think you might be undercutting it a little...if by then, I would expect us to be between the $5-$6 range...jmo...
Post on Sticky the Summary From Today's PR:
If this summary has not yet been posted on the sticky, I think it should as it gives a very clear and succint direction for AMY. Any shareholder reading this summary and not get excited about the direction of AMY, is probably emotionally challenged!
-------
The Company's Plan of Operation this year is as follows:
1. Complete a NI-43-101 compliant feasibility study by Wardrop Engineering;
2. Complete a NI-43-101 compliant Pilot Plant Testing of the Artillery Peak
ores using the process design by Kemetco Research Inc. (The president of
Kemetco will be presenting a paper, "The Recovery of Manganese from
Lower Grade Resources", at the SME conference in Denver, Colorado on
March 2, 2011);
3. Commence a drill program of approximately 6,200 meters (20,000 ft) by
the end of March this year;
4. Commence base line environmental studies by April, 2011.
The Company currently has about $5,000,000 in the treasury and with the completion of the $5,000,000 bought deal financing by Laurentian Bank Securities the Company will be well funded to advance the project over the next 18 months.
-----------------
The president of Kemetco will be presenting a paper, "The Recovery of Manganese from Lower Grade Resources", at the SME conference in Denver, Colorado on March 2, 2011
Do you think Kemetco's president's presentation will be available for us, who can't be there, to view? I, for one, would be very interested.
Advertisers on Ortsbo:
These are the companies I saw on Ortsbo between 10:03 - 10:20 pm tonight. And it contains a few big names such as ING, CIBC, Capital One, and Wii. In contrast, a few weeks ago, I did the same thing and saw about three companies and no big name.
ING Direct
CIBC
World of Tanks, Join the battle
Capital One
Wii supermario
Optical Illusion IQ Test
Children's Hospital Cancer Research x2
Choice Hotel
Kiva Cards
TimeToTalk.org (drugfree org)
Hence, word is getting out about Ortsbo and companies are starting to advertise with us. I noticed, though, that there is a lot of space remaining on the website for advertisement.
I'll test it out again in a few weeks time. Hopefully, by then we'll get more companies.
Another Reply from David Lucatch:
David Lucatch February 19, 2011 Many of the participants here are adding value and we’re listening, while some people are just here, imho, to make noise.
First, the process of decision is not instant. There are many factors that we need to consider with a major decision. This is not my first public posting and we understand that our stakeholders want instant results, but its important that we know all the facts before moving forward in any direction.
Second, given the current market volume and attention, those that are speculating on downward pressure are likely just blowing smoke. It has been confirmed late yesterday that we have had a growing short position from $0.79 downward and we feel that this has had a significant impact on the stock. We are working on this situation that just came to our attention. It may be that those “spewing” loudly may be causing the problem.
Thirdly, employees, management and board members ONLY have stock in INT – not our subsidiaries like Ortsbo. This means our interests lie with our shareholders interests in making our Company, Intertainment Media, more valuable.
Fourthly, management and insiders have invested at every level and supported the company financially when others would not. Senior management and Board members have cummulatively 10's of millions of shares and we are NOT selling, so those that are laying claims are just here to make noise. We have a significant vested interest in the future of this company.
Lastly, I encourage you to try Ortsbo and don’t listen to those who haven’t even visited the web site. We have a series of video tutorials that fill your screen with information about and how to use Ortsbo. Visit our Facebook Fan page and see that over 40,000 people have joined together to celebrate Ortsbo. We’re only 22,000 Fans or so from passing Google Translator – not bad for a product that’s been in the market less than 8 months. Over 5.1 million unique individuals are engaged with Ortsbo every month – that’s a 27.5% increase in the first half of February – and we’re growing. In today’s fast paced digital world, the crowd is the source of what’s hot, and Ortsbo is, imho, blazing.
As always, do your own objective due diligence. Vitist our web sites, blogs, SEDAR, and seek professional counsel.
Yes, that's the goodnews. Although we closed in the red today but the volume looks amazing....shares are being bought up! Soon, we we'll be on a run again (if God willing)!
I had an order in at 0.60 but did not get filled...o well...
I give it a maximum of 4 weeks of consolidation or sooner before the next leg up. We already finished 1.5 week so, at maximum, 2.5 weeks to go (or sooner). These last few days are made for adding more...
... imo...
"$2 million strategic investment from a Chinese investment group entered into off-take/financing agreement talks with the same Chinese group to cover 35% of the contruction costs"
The above is from the presentation. I guess the deal has begun! $2M has been deposited and more to come!
(I truly hope AAA will take this into production rather than being taken-over by a major)
Yep! Same here. Sold others and grabbed more Amy
fully loaded and ready for take-off!
What happens to our stock if we are bought out by a much larger company?
Depends on the take-over deal: It could be a cash only deal whereby we would get cash for the premium offer or it could be where our share gets absorb into the major's share via a 1:3 or 1:4 (whatever equates) or it could be a hybrid of cash and absorption into the major's share structure.
...jmo
The Company has also granted LBS an option to purchase up to an additional 7,200,000 Units, under the same terms and conditions (the “Underwriter’s Option”). The Underwriter’s Option is exercisable at any time up to 48 hours prior to the closing date.
The net proceeds from the Offering will be used by the Company for advancing the pre-feasibility study and pilot plant testing; to increase the drilling program; to further the environmental studies and for general working capital.
Agreed! I love the terms of this offering. It did not under-cut us one bit!
Take note that 48 hours before March 8th, LBS has the option to buy another 7,2M; hence, potentially, AMY could be getting another $5M in the coffer! $10M...that's the big money we've been waiting for ...
Purpose of the money? for advancing the pre-feasibility study and pilot plant testing; to increase the drilling program; to further the environmental studies and for general working capital.
That's perfect, imo...
some of the M+I resources for Sask companies will never see the light of day because the cost to recover it is prohibitive
well we can't assume that those Sask companies will never see the light of day, as mentioned in the post, two of them have been swallowed up by senior companies.
I hope that our M&I resource number will be at least equal or more than Athabaska's numbers.
Thanks for your effort! I look forward to your revised calculation...
134 M tons M&I
Comparing to other JRs, I hope the number you calculated is lower than actual 43-101.
As a comparison to other Jrs (or former Jrs before take over) from their NI 43-101:
Athabaska Potash (taken over by BHP) = 425 M tons M&I
Potash One (taken over by Vale) = 222 M tons M&I
Western Potash = 174 M tons
http://www.encantopotash.com/Repository/info%20centre/Corporate-Presentation.pdf
According to your calculation, Allana's numbers does not look too hot in comparison. I hope the actual 43-101, when it gets done, will show a much higher number than Athabaska.
one good thing we've had since Jan/08 is the TFSA, which allows you to contribute $5000.00 per year
Do you know if AAA qualifies for TFSA? I heard that only stocks in the senior exchange are qualified for TFSA....
tia
this will mean we are bordering with BHP and I would say hand in hand friendly takeover from there!!!
According to Mr. Abasov's latest interview on BNN, he said we will try to take AAA to production reather than a "takeover" by someone else. Personally, I like what he says...imo, we will be far better off if AAA can take it to production rather than be swallowed-up and go into oblivion!
http://watch.bnn.ca/#clip415782
Another reply from David Lucatch:
David Lucatch February 15, 2011 As we all know, recently, Groupon, a company with tremendous growth had a rumoured offer from Google for what was said to have been $6 Billion. Much to the surprise of everyone, Groupon decided not to take the offer, but to remain, for the moment, independent and consider a separate listed offer at (again rumoured) $15 Billion. They then raised a repoted $900 Million privately. Ortsbo is growing rapidly and to get the best long-term value for all our shareholder, we need to consider all options and whether we like it or not, that takes time. Those that wish for us to make a decision immediately may have been happy with our original offer of $30 Million in September to sell Ortsbo. Rumours have swelled about Facebook, Twitter and a number of other major companies going public for some time, but are they rushing – no, and their value continues to increase rapidly.
Yes, I too have a good feeling about AMY. So far this year my best performer has been Allana which is currently sitting around $2.0. I think AMY will surpass Allana in PPS just considering the many upside that AMY has:
- low float, o/s
- low cost of production
- new technology on its way to be pattented and will soon be pilotted (potential revenue stream?)
- a very experienced CEO who has raised over $200 M in past projects
- possibly, one of the biggest Mn resource in the world
- Mn is a "critical" commodity that is in short supply, especially if China decides to cut export quota like REE
- EEM...
- etc. etc....
What AMY is missing in comparison to Allana is a big time Fund Investor - bigger than the last two PPs we had. But I think this will come in time...
Can't wait till tomorrow! (if God willing)
The 2008-2010 cup and handle pattern is completed. Next, we
forecast a faster rally through April-May with two profit-taking events between now and then.
I like this prediction!
I could find room for this as a buy & hold in the old TFSA account (thank you Canadian gov't for that!)...
I believe you can't buy AMY in TFSA account as it is a venture stock...only TSX or other senior exchanged are allowed into TFSA...if i'm wrong, please let me know 'cos i would love to have this one in TFSA too!
Thanks! Believe it or not, I found it the current AMY board from the Yahoo Message board. It struck me as odd in the beginning that no one was keeping the board current considering what a great play this is turning out to be.
Just watched all the interviews and read almost all of the filings on Sedar, and this could be a better play than gwg...considering AMY's lesser float and share structure....
... And the CEO sounds very competent and knows his stuff.
... thanks for your dd
looks good doesn't it?
anyone keeping this board up to date? especially the info board?
Thanks for sharing!
I am especially encouraged by the Capital Group person being present. Perhaps it is a sign of another institutional investor being interested in the company. I know for a fact that AlphaNorth bought into the company, that's how I learned about INT.
I hope this week we'll see a jump to $1.0???
Another reply from David to comments on his open letter:
David Lucatch February 13, 2011 We really appreciate all the dialogue. We encourage everyone to keep posting.
Management, the Board and our advisors are all eager to provide the most appropriate long-term value propositions for INT shareholders.
Available now as a beta, the free Web site enables users to converse across continents with support for more than 50 languages—from English to Arabic.
Ortsbo is now in Beta? That's great!
"As we move forward, Ortsbo will expand its capabilities to e-mail, RSS feeds, casual and social gaming and other key areas of commercialization," said Ortsbo CEO David Lucatch
Wonderful! I hope more companies will advertize on the site. I was on Ortsbo last night at 6 pm and I noticed only a hand-ful of companies organizations are advertizing on the site (probably less than 5 com).
David Lucatch Response To Comments in Open Letter February 11, 2011
His response to responders of his open letter... he listens to shareholders like us!
--------
David Lucatch February 11, 2011
It’s great to see all the comments. I want to let everyone know that we are reading them all and listening to what you have to say.
We have an obligation to review all legitimate offers and there is a process for that review. Just to remind everyone, in September 2010, there was an offer for $30 Million US that we never accepted.
Ortsbo is growing so rapidly and getting so much attention and we need to assess all our options and look to maximize long-term value because just like many of you, we are Intertainment shareholders too.
Keep your constructive thoughts and comments coming!
http://intertainmentmedia.com/blog/2011/02/09/an-open-letter-from-david-lucatch/#comments
Indeed the mineralogically endowed country may well provide the next source of the mined product of the moment - rare earths - as Great Western Minerals Group has announced it will bring its Steenkampskraal REO project - a rehabilitation of a former producer - on stream within five months.
Thanks for the article but I think the author has to check his/her facts before insinuating a 5 month to production. Never heard GWG made the announcement and I believe it never did. The only thing, on the time line scale if i remember correctly to be done by year end, is completion of the feasibility study.
Journalists should really check their facts before printing. Too many of them make blunders such as above.
GW has been the selling shares model of finance which will more than likely result in an RS at some point. Dillution is never good... But this may not be the motivation of this. As MWM says, the goal is to get us above $1 a share for an extended period of time so we can get proper financing...
...imo, we do not need to get above the $1.0 mark to get proper financing. I know of many company under the $0.50 get great PP... what is the reason we could not get proper PP like other juniors?
375,000 Options will vest immediately and an additional 375,000 Options will vest every three months thereafter, with all Options having an exercise price of $1.05.
I can live with $4000/quarter plus expenses, but potentially in within nine months the IR firm could be buying at $1.05. Who knows where GWG will be in nine months, and I believe most here on the board and I included expect GWG to be way above $1.05 by then (considering that we would be closer to production at SKK), the IR firm would have a great deal. Not to mention another potential 1.5M sh dilution - imo, it is just not a good deal for us!
I wish we had cut the deal with the IR firm as $4000/quarter plus expenses, and no more.
The Agreement has a term of two years, pursuant to which SCS will provide investor relations services to GWMG including the development of investor relations strategies relating to advertising programs and investor awareness and fostering broker and analyst interest in the Company's activities. Subject to regulatory approval, as compensation for its services SCS will receive a retainer fee of $4,000 per month, reimbursement for related expenses and an aggregate of 1,500,000 options to purchase common shares in the capital of GWMG pursuant to the terms of GWMG's stock option plan (the "Options"). 375,000 Options will vest immediately and an additional 375,000 Options will vest every three months thereafter, with all Options having an exercise price of $1.05.
Isn't the payment to this IR company too high? I've never seen deals like this for an IR company - especially the option for the IR company to buy 1.5M sh at sweet heart price! That's unbelieveable!
That's for the info from the conference. As I was unable to attend or listen to, were there other issues of interest that were discussed?
TIA
PS...I hope we have a nice bounce back today - another 25% or so bounce would be real nice :)
Although Mr. Lucatch is a very capable man, I hope, with INT he plans to surround himself with very experienced and achieved men, rather than fresh grads from UofT, in order to make the correct decision regarding Ortsbo and future business decision regarding INT.
I hope he recruits a well-experienced and well-achieved director or two directors to advice him on steering this ship. Every great business has with it great men to give wise advice.
David Lucatch's Profile in His Own Words:
http://intertainmentmedia.com/blog/2011/02/09/an-open-letter-from-david-lucatch/#comments
My view of the world is that Baskin-Robbins got it right and that you need at least 31 flavors to keep everyone happy. The fact is that during the course of the B-R’s long history they came up with over 1,000 flavors, as the world remains in a constant state of change and what is popular today, may be not be tomorrow’s favorite flavor. The Internet world is constantly changing too, and today, you need to develop products and programs that are elegant, adaptable and have the ability to be monetized. I started in the print brokerage business in my third year at the University of Toronto, as a business project, and today, our division Magnum Printing is the evolution of over 25 years of constant change in that industry. In 1995, I led the start up of Valu-net International Ltd. and together with a talented team we built one of the first e-commerce gateways for the Canadian banking system. We built the value of our small public company from $6 million to over $200 million, and I handed over the reigns in early 2000. From 2000 to 2005, I was actively involved in traditional marketing programs, mainly involved in helping worthwhile not for profit organizations increase their mind share and donation base in Canada, the US, Europe and Australia. This program continues to have a legacy component that raises monies annually for major charities. In 2005, we started to combine all our assets and form a company that was the pre-cursor to Intertainment Media Inc. The Internet was still not a popular front, but with the development of 2.0, consumer were getting it right and so were many businesses. I remain the CEO of this exciting company. Today, we are on a very solid path, as our company focuses in the development of revenue driven New Media and partner programs that effectively allow companies and other organizations increase their ability to interact with their customers. This is still a very new field, and it will take time to develop a truly robust revenue engine, but I believe that just like B-R, it will take a few key flavors to get everyone in to try the rest of the selection, and the rewards will be sweet. I remain actively involved with my family, friends and the University of Toronto, as I have had the distinct honor to be able to work with some of the top young minds in their co-op management program and the Management Economic Student Association. It is my sincere hope that you enjoy our Corporate Blog, and that you will provide us with feedback. Best, David
Opinion From the Blog "Jason" in Response to the Open Letter:
I agree with the following opinion found in the company's blog:
Jason February 9, 2011 Respectfully, the vast majority of your shareholders only hold INT because of Ortsbo. It would be naive for the mgmt and board to think that the interest in your company will remain once you divest a significant portion of your equity interest in Ortsbo.
If your goal is to access American capital markets, you could easily, given the interest in your company as of late, initiate a financing in Canada and/or the U.S. and then list the company on a U.S. exchange. You could presumably engage the same investment banking firms that you indicate are so anxious to advise on your proposed deal with Lions Gate.
It is so standard for small and medium-cap companies to do further financings in order to fund the next stages of development — it`s in fact expected. Given the interest in Ortsbo and its tremendous potential, any number of firms would presumably finance an equity offering for INT at a favourable valuation, but without forcing you to divest a portion of your equity in Ortsbo. No one worries too much about dilution when the valuation is favourable.
With the greatest of respect, make no bones about it — for the vast majority of retail and institutional investors, no one is going to care much about INT once Ortsbo is gone
I just tried out Ortsbo on MSN chat, it is good, however, the translation is not 100% accurate.
... it is hard to translate between languages given the culture factor that languages always embedded in.
the only experience I had was CMGI and ENGA; and ADSX and DOC - both provided no increased value to shareholders aftter 5 years
My preference is to keep Ortsbo with INT and move INT to senior US x-change, however, as David alluded to, to keep it would in the end mean dilution to shareholders - and definitely do not want dilutions.
If there is not other choice than the hybrid choice is pallatable for me provided we get dividen shares in Ortsbo...
... heavy fluctuation this stock is! I hope it will settle down soon (preferably settle down over $1).
Open Letter From David Lucatch - Feb 9, 2011
not sure if anyone has read this yet...essentially, he lays out three options for Ortsbo...
http://intertainmentmedia.com/blog/2011/02/09/an-open-letter-from-david-lucatch/
An open letter from David Lucatch2February 9th, 2011, In Corporate, Intertainment Media Inc, by David Lucatch
An open letter from David Lucatch, CEO Intertainment Media Inc. / President Ortsbo Inc.
February 9, 2011
To all our stakeholders,
On February 8, 2010, we announced that we have an offer to separately publicly list our wholly owned subsidiary, Ortsbo Inc. on a US Exchange. We are currently reviewing this offer and will report on any updated information.
This was not our first offer to be involved in a public offering for Ortsbo. In late September 2010, we announced that we had received an offer from a US listed company with a valuation for Ortsbo of $30 Million. The Company never accepted that offer.
Before moving forward, I must remind all our stakeholders that founders and management have a significant stake in the Company and its success and have continuously invested their own monies into private placements and the exercise of other securities thereby making us both investors and management responsible for growing shareholder value.
When we look at Ortsbo, we see a product unlike anything we’ve seen before. Ortsbo has the ability to, and has proven to the market that is can initially take on the same, and in some cases surpass, the growth rates of some of the biggest and most valuable social media properties globally, including Facebook.
What Intertainment and Ortsbo don’t have is the same capital opportunities that these companies have. It’s important to remember that the large social media companies with exceptional values are raising millions of dollars to consistently improve their product, services and marketing programs.
We are proud to have developed and launched this technology in Canada, however a significant portion of Canadian technology companies find themselves, many times, competing for only a small portion of investor interest compared to resource companies. The acceptance of technology and social media companies as viable businesses and investment vehicles in Canada is still at a very early stage, while in the US, the markets embrace these social media and technology opportunities.
Amidst the phenomenal growth of Ortsbo, we have taken the time to clearly assess future opportunities that we might encounter. We have engaged some strong partners to assist us with our planning and execution.
So, what do we do then?
The following are three (3) potential opportunity discussions for Ortsbo:
Retain Ortsbo
The first is to keep Ortsbo as a subsidiary and fund it as necessary to keep pace with the rate of growth in both the social media and technology arenas. The impact, while not absolute, could be access to funding, timing to funding and include dilution of Intertainment and Ortsbo itself. The structure of a subsidiary may also have an impact on go forward funding opportunities as larger funding scenarios may ultimately require a stand-alone business model.
Divest Ortsbo
The second opportunity is to divest, or sell Ortsbo. This option offers Intertainment Media the opportunity to crystallize the value of Ortsbo potentially from a “name brand” player in the industry. This allows Intertainment to have additional resources in development and building of other programs and technologies, all the while looking for other great technologies to invest in. Under this scenario, Intertainment shareholders may not participate in any increase in value of Ortsbo, but may benefit by leveraging the proceeds from the sale into other programs.
Hybrid Opportunity
The third is a Hybrid program. This program allows Intertainment to receive value for Ortsbo and participate in its ongoing success and potential value increase without ongoing dilution for Intertainment shareholders or by putting pressure on other Intertainment programs. A separate “spin off” or public listing for Ortsbo may provide this opportunity.
This option potentially allows Intertainment Media, in essence, to “sell” a portion of and “keep” a vested interest in Ortsbo, providing Intertainment and its shareholders with value from the retention and divestiture options and allowing Ortsbo to develop distinct and independent market presence. A portion of the potential growth of Ortsbo is retained, and well as allowing the Company to develop additional opportunities.
Each of the three scenarios has its own merits and issues for both short and the long-term. The decision to take any action requires serious consideration and will not happen immediately. Management, the Board and our advisors are working diligently to find the path that will provide maximize the value to all our stakeholders.
It is exciting to see so many people using our products and voicing their opinions on the direction the Company should take. While we can’t always answer the flood of messages, we do seriously consider each one.
We are doing our utmost to work in the best interest of everyone and build a Company we can all be proud of. This is not new found success for us, as we have believed in our staff, our partners, our shareholders and all our stakeholders for many years, and today others are seeing what we have believed in all along.
Sincerely,
David Lucatch
Madhi has also held executive positions at the Council for Scientific and Industrial Research, the largest research organization in Africa, at Eskom, the largest electricity utility in Africa, and at Harmony Gold, one of the world's largest gold mining companies.
Is Mr. Madhi part of the government council.