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No Problems, Lucando
I think I did have an account with LSE but forget what the username was. But never posted, just stalked people in voyeuristic kind of way!!! creepy I know!!!! But I am real
Cheers
I think it doesn't matter if you've been invested for 10 days or 10 years, your opinion still counts. It's surely quite refreshing to have a 'new' view on things?
On the whole, this board is a good one with plenty of varied opinions. I particularly opinions i'd view as realistic and possibly a tad negative. With any concern, there's always a negative side. What I just ignore is the idiots who constantly say everything is rosy and we'l be 50p by Christmas, etc, etc. They bring nothing to the board.
Re the earlier graph form Shadowless which i've seen before. Yes I agree we're still in the feasibility stage heading towards development stage. I would actually say we're coming to the end of the 'orphan' period, hence why I think we're a year away from the start of a major upturn.
Thanks for your reply. I wasn't trying to be confrontational as it appears thays how you may have took it from your response.
Was just curious, considering the fact you state you have been invested here for 7 years but only joined LSE in August.
You do appear knowledgeable and have plenty of informed opinion so was just enquiring as to whether or not you posted under a different moniker previously.
Sorry if you took offence to a genuine question.
Hello Lucando
Not sure why it really matters, the things I have posted have been my interpretation of where I think AMC is at, and have made no outrageous claims for or against AMC (I don’t think I have anyway).
Obviously, as I am invested in AMC; I will air on the positive side rather than the negative, and who wants to admit they MAY have made a booboo, but even the likes of JoeBass and the late Jonmore help temper my expectations even though it does get tiresome sometimes. No offense guys!
I never posted on LSE or III, but would pop my head in to catch up on the gossip, the likes of Aberdeenman, Bethany, Vertigo, Entropick et al (confirmation bias helps the heartache! ). Unlike some I have/had a day job that required my full attention in the day, and family the rest of the time, also during that time as a young person had a life to enjoy so spending hours on a forum wasn’t really exciting for me, and in truth, people had better knowledge than me, therefore my contribution wasn’t warranted.
I have more time on my hands now due to COVID, A lot older now, more kids, accumulated some knowledge over the years, and getting out of the house to enjoy life is a little harder now, all this means I have more time and confidence to contribute.
In addition: In my post on the 14th Oct I stated the fact that I have been an investor of AMC for over 7 years not to inflate my credentials on a forum board!!! but to highlight that fact that I haven't noticed any mention of Rhodium in those years,
eryryss yep to that!
Don’t judge !
I’ve been in AMC for 8 years remember the 40p days but only been on here a few months.
Not all AMC holders have to be here !!
Shadowless in your post of the 14th of October you state you have been in AMC for 7 years yet you are only a member on here since August.
What other name did you post under prior to this?
Thanks, Mate
Just for fun for you TA enthusiasts
Midterm Resistance at 2.72pps
Midterm support 1.68pps
Shadowless
i wouldnt worry about your top up personaly, youve got them pretty much as cheap as your going to imop
and yes they will start to merge the more it becomes obvious
the one thing to note is the two spikes in that curve, makes the 44p more exsplainable
lets gets some decent institutionals on board
and the big one get digging again
Just to add
For me the development stage doesn't start until the BFS is completed, but I guess the stages start to merge together at some point
Thanks, Sparticus12
I think you are right the discovery period lasted way too long, Not all the blame can be attributed to AMC. A long time ago they already produced a PFS, My guess is the numbers just wasn't good enough to attract interest, therefore as a geologist specialist would do, do what he knows best and keep digging for more in the hope that the numbers will improve, again nickel prices didn’t help.
the outlook is very different now, we have a clear strategy in place, new people on board with established contacts, new and old markets to sell to.
For balance, there are still plenty of risks involved, TEO deadline, Social Issues, Operating issues, just the size of the project is mind-blowing, and the fact that I don’t know of any small miners with a mdcap of 25m making into the big leagues of being a major producer , to name a few. Ermm actually can I get a refund for my top-up?
I am going with 2009 but each to there own
great post Shadowless
only thing i would add is our discovery period probably lasted 4/5 years not 1/2
and the Nrr investment probably pushing us into the early development very shortly
Also with the cash flow pushing us slightly into the steep upward curve, which will need the 2 years to rise to them heady levels
slow and steady wins the race imop
finaly i know alot fancy the selling of Amc to make some fast money and develop Amc as a company further, but i am still dreaming of us managing to get to production whilst still holding my 70% dream goal for the proper money
and then diversify properly GLA
To add I mean speculative retail and institutional investors
Hello MW, Yep I think we are in the 2008 range, if following the Oyu Deposit trajectory, the reason I didn't wait for the dip to add is that I don't think we have any speculative investors haha
Here's hoping we're in that late 2008 spot on the charts there!
Thought it might be useful.
I think we all have seen this in different guises, but here you go
https://www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/
Project de-risked further for me,
AMC is clearly in the feasibility stage, heading towards the development stage. If you look at the share price for AMC from 2016 –present there is a similar pattern (needs a bit of creative thinking) of trajectory to the Oyu Tolgoi deposit.
The NRR investment has helped to mitigate some of the risks, such a,s where is the money going to come from? How to attract long term investors? How to get funding? I understand that NRR itself has risks associated with it, but I think they are even further down the risk line and the fact that Glencore has their dirty large hands involved somehow, for me mitigates the risk further. (indirectly this applies to AMC as well)
Also, the NRR investment and hopefully others is a good business practice to diversify in the long-term scheme of things. AH mentioned that NRR which is based in Australia and diversifying away from Russia will attract mutual funds, institutional investors, I am guessing he is saying that Russia is still seen as a risk?
So, after all this rubbish I have talked about I have put one's money where one's mouth is and topped up again!!!! yikes