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Where will mining companies look for new nickel sulfide deposits, from which the extraction of high-grade nickel needed for battery chemistries is economically and technically feasible? The pickings are slim.
Decades of under-investment equals few new large-scale greenfield nickel sulfide discoveries. Since 1990, the only large discoveries that have occurred, happened when exploration was going on for other metals.
Only one nickel sulfide deposit has been discovered in the past decade and a half, Nova-Bollinger in Western Australia. Capital expenditures on nickel projects plummeted from $7 billion in 2012 to $2 billion in 2017.
The result of such limited nickel exploration is a very limited pipeline of new projects, especially lower-cost sulfides in geopolitically safe mining jurisdictions. Any junior resource company with a sulfide nickel project will be extremely attractive to potential acquirers.
I agree RY and his team could have done a lot better but I do not think this is why the SP never rises. I believe it is deliberately being manipulated low. Why I have no idea. Frustrating for all of us.
Any person thinking that Russia is not aware of what Kun Manie has needs to wake up.They are perfectly aware of its great assets.They also want inward investment. To have a future the TEO must be submitted PRONTO. Then and only then will we see if submission of TEO will release any help with the road.To this point the FEDF have only talked up what they will do.They have yet to part with any cash or signed anything definitive.For newer S/H’s I am not sure if it is clear what the infrastructure challenges are,JUST the road itself would stretch from LONDON-MANCHESTER. Also on acceptance of TEO the raising of the capital will be next issue.Many paragraphs have covered the figures by much cleverer people than me so I’ll not even go there,but one thing is for certain. We ain’t gonna raise a single penny for the project unless the market or possible JV partners or offtakers don’t see the company being run in an efficient manner.The real position is as clear as Crystal THE SHARE PRICE is 1.5 pence and that is what the bod have to show for their lack of skill over the last six odd years.The fact is at this point it is in the mess that they have made. I hope they can get their act together damn quick. MD
Agree, not easy to put a price on us but we have a license to mine an area that in theory has minerals that are likely to be in demand. It is gamble but I think we were all aware of this when we invested.
I am not sure if this would be good for us but I hope so. Once the Russians realise the value of our assets, they will want at least 50% of the company. They will then look for a Chinese partner. This could all be good for AMC. Hopefully once there is a Russian hold on the company, they would know how to get backing from the necessary authorities.
Hi Rover, I think AMC stopped drilling in 2018 so their sole focus has been the TEO, long before COVID hit. Therefore, I sincerely hope that they get this submitted by Q1. As this was due in 1st December 2020, that would be a 4 month extension...
I really cant believe this saga will continue for another year. How can we go from - TEO will be ready Dec 2020.. Opps nearly done but needs an extra few months due to covid... Opps better call it an extra year... with not a word of explanation... I recognize this co has always kept their cards close and played their hand - in my view well. But I just cant believe that a one year job is now two... and that as the market heads north our world class mine will be ignored. TEO or not... I'm sure all data will be fully disclosed to prospective partners under NDAs and they would do their own due diligence... rather than trust our appointed 'competent person'. ... I still believe this will pop and when it does I cant bear the thought of being out... if I sold tomorrow Im sure I'd still be following the share, and would know what I missed out on when it did pop I think I'm in this one until the end... I doubt it will take another year but if it does then so be it...
Odd that we have Interim reports but no presentation of any Final Accts or Report , just some narrative to pacify shareholders . With two share placings in 2020 and now two CLN interest payments under our belt I wonder what the cash position is ?? It appears this will be the most expensive TEO in the history of mining and in between the saviour ( Habib ) has been demoted with his wife being a few grand better off with the untimely imperative of selling shares . Is this just a smoke and mirrors set up , I am asking myself ? Why , because for the second time I am losing money . I am sure there are others suffering more and longer pain than I have . Does this have a chance of ever giving us value ? The BOD are sitting with the power to issue up to 200M shares in yet another placing deal if the cash runs out . What are they spending it on ?? As I am hitting the key board I am becoming more convinced that I should use the cash elsewhere , eat the second smaller loss , and learn my lesson . Rant over and not trying to pour cold water over this , just looking back at the history to sense check myself .
Come On Robin get on with releasing our TEO. Was hoping for a cheeky RNS release this afternoon would have been a great close to such a rubbish month. Roll on Monday 1st of March things need to get moving soon.
Price of Nickel has had zero correlation to our share price. Nickel gone up 50%+ AMC has been static or gone lower!!!
March next week. If no TEO soon, then regrettably I am done here. Nothing is happening, no one is interested, and they will drag this out as long as they can. And share price will probably drop towards 1p. These guys can't deliver anything.
uk investor, why is it better in a normal account rather than spreadbet please if fully paid up as ig today? IF amc goes back to its highs a standard account will be liable to tax, spreadbet is tax free. Also if postions are sold today in spreadbetting any rolling contracts over last years will produce a loss which cannot be set against tax. sad have to close positions with ig mid contract at 1.6, sad spreadex will only sell amc now.
Anyone... Is there no comeback on a spreadbet company closing a stock mid contract? Nice business...
CBS 1- I didn’t sell out but LRL (Leyshon Resources) held for I think 5 years, they made the decision for me!
2- EUA about 7+ years same as AMC brought around the same time (ish), only a small holding, still hold, Actually, I averaged up in some instances but still up and waiting for a sale if it ever comes. unfortunately, the punt was AMC or EUA, I got that wrong (actually that statement isn’t quite true, I had an opportunity to sell when it hit +40p but was greedy and held on too long)!! If it were the other way round, I would be rich, however now with kids/mortgages/debts, I will be working until I am 90 years old. Such as life!!
RY I still have faith in you and the team, and the success of AMC may help others less fortunate. To put things into perspective; your yearly salary would take some, multiple lifetimes to save.