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Thanks Sasa43
I would be happy with 80pps!!! The next question is, ‘are we there yet?’
Actually, I would be happy with 20pps, my average is 3.6pps, from an eye-watering 20pps at one point!!
Thanks TDT, my opinion fwiw is that at some point in 2016 to 2017 they didn’t get the interest and deals they hoped for, I don’t think nickel prices helped, at one point nickel was at a 10 year low in 2016. Someone has said to them in a stern voice, “you not going to get what you want, ‘grow up’, stop being junior explores, stop pretending to take it to production and actually be one”. therefore a decision was made that in 2018 they would stop drilling, had enough reserves already, and advise from Medea (what happened to them) they started to focus on requirements to actually take this into production.
All of a sudden, the TEO has come into play, as they thought they wouldn’t need it.
With NRR deal and connections to Glencore it is not far-fetched to think that some sort of JV deal will be made to take this into production. The NRR deal alone smells like a long-term strategy. The question is can I wait?
Sasa I like your 80p target. I’d take that :). It’s crazy to think what this share could achieve and the stars seem to be a aligning for us with our Iron ore investment, involvement of Glencore, increasing price of Nickel and Copper. All that and the post Covid switch to EV and renewable energy in order to help combat climate change. Should be an interesting and rewarding 12 months for share holders here.
Hi Shadow - I haven't fallen in love with this share over the past decade, rather more been shackled to it! I do agree with many, though, that things finally look to be improving on several fronts, especially now that AH has taken over the reigns.
I make the current NPV being around 80p ps on today's Ni price, fwiw - yes, the nickel price isn't relevant right now but it sure will be before too long, so you might want to add that 'plus' to your list of encouragements / pleasant thoughts. ATB - sasa.
Hello etank
after familiarising myself with AMC again and identifying what they have achieved and done recently, I am also more positive with AMC and where they are in the project, however, one should take my words with a pinch of salt as I have committed the ultimate sin in investing….. I have become emotionally attached to AMC!!!
Therefore, for me it is good to look back at old RNS , Share Prices and recap on the heartbreak AMC has inflicted on me.
It is also good to hear comments that are bearish and bullish (as long as they are based on some evidence and rationale thought), to bring me back to earth.
Some of the milestones: Next 12 – 15 months
1- Permanent Conditions TEO: Q4 2020:
a. I expect the drilling results of 2018 will be released soon before TEO submission
b. Gipronickel's metallurgical report soon. (They have a draft already)
2- Mining opportunities: ---- NRR tire up and maybe more in the pipeline. Any time from now to Q4 2021
3- BFS – Q4 2021
a. Finalising the detailed plan, costing, and technical parameters for the BFS.
b. Attaining binding offtake agreements – within 4 months as this will help release funding for the BFS.
c. Initiating the funding for the BFS
Would like to add the following to my previous post:
The Bod seems to have regained the focus required to take this project forward and I personally feel very positive about recent developments.
This is a great project and I can just hope that all the "Long Term Fans", ........as "Long term Holders" seems to have aquired a somewhat negative connotation, will be well remunerated for their patience!!
GLTAH
etank
Whilst having been critical of the BoD's performance on occassions in the past, I have no hesitation to give credit to the directors in addressing the perceived lack of financial commitment in terms of share ownership in the past, which has since been addressed more than satisfactorily IMO.
Shareholders had previously also highlighted the well appreciated abilities of RY as a geologist, however questioned his particular skillset to take the company forward - something that seems to have been addressed with the appointment of Adam............
GLTAH
etank
One thing I will mark them down on is......................
They seem to use DFS or BFS, please AMC be consistent and choose one and stick to it!!
- 22 March 2019: RNS Number : 7344T Loan restructuring and further advance and others
Sorry above got cut off.
They have set out a plan which they are following to date:
PS: long message sorry but helps me formulate my thoughts when I post on here,
Some members including myself have questioned the ability of the AMC board to keep to their deadlines over the years. I thought whether this is still true in recent years; has their performance improved? Are they still worthy of their comfortable seats at the helm of my winning lottery ticket? This is not definitive but:
RNS Number:6785H 19- November-2018 Strategic Plan Overview
• Engineering
"The Company is in the process of compiling PFS identified requirements for, and costing of, engineering works required to take the Kun-Manie project to a BFS level. As the Company anticipates that project funding will eventually be implemented through a consortium of financial institutions, the work will be completed to internationally recognised standards including equator principles related to environmental approvals."
- 26th Feb 2019 : RNS Number: 0682R Kun-Manie Pre-Feasibility Study: note: share price did not move much!
- 12th Nov 2019 : RNS Number : 0329T Hydrological Assessment Complete
- 15th Jan 2020 : RNS Number: 8065Z Base Line Environmental Assessment Complete
- 28th Jan 2020: RNS Number: 0697B Rock Mechanics Assessment Complete
• Off-site Infrastructure
"Development on the access road for the project will be completed in a series of steps with the next being the completion of detailed ground survey work allowing for the refinement of final route selection to appropriately identify bridging requirements along the route. The Company is holding, and will continue to hold, discussions with Russian state authorities and Russian infrastructure funding organisations to identify and develop financing options for the access road."
- 22th Feb 2019 ; RNS Number: 8722Q Access Road Capital Cost Update
• Strategic Partner(s)
"Potential Strategic Partners can be defined as established mining corporates, smelting corporates, commodity traders, Private Equity funds, Sovereign Wealth Funds and Institutional investors. Engagement with organisations within this list has been ongoing through 2018 and will continue going forward. It is the objective of this Plan, with assistance from Amur's financial advisors, to increase the number of organisations that the Company is in discussions with regarding the future development of Kun-Manie."
- 7th Aug 2019 RNS Number : 1545I Board Appointment: Appointed of Thomas Bowens
- 13th Feb 2020 RNS Number : 8289C Advisor to the Board Appointment Appointed of Adam Habib
- Behind the scenes talks with NRR / Glencore for Off take and Strategic Partners?
• Phased Funding
"The Company is in the process of completing detailed plans for, and costing of, the engineering work to complete a full BFS. There is a strong possibility that this engineering work will be undertaken in conjunction with a Strategic Partner, therefore the funding for this work may be a product of a Strategic Partner agreement which may be at either the Company or asset level."
22 March 2019: RNS Number : 7344T Loan restruct