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You very welcome:)
AT - Many thanks for your reply and for your comments. Much appreciated. The next few months will be interesting.
I do Barbra, hence I’m not saying £1...:)
See when I said skeptical of an off-take at this point I didn’t understand it was required by Russian law. But don’t ask the question you don’t enhance your knowledge and understanding of a share etc. I’m self admittedly at the beginning of my research journey. As I said I’ve Already supercharged my research with this conversation thread ! Thank you all for replies etc
I think you need to consider the number of shares in issue now compared with that when the share price reached 44p back in 2014, arriving at 30-40p.
No problem, none bidding agreement is a must for TEO, TEO unlocks the benefits related to government funding, most likely low rate loans, bidding agreement would completely change a whole picture in Russian government eyes and I think amc would get Subsidies instead of loan, such news, also repeating history of 44p in 2016, would be a catalyst for the sp, amc reached 44p without any funding deal so with bidding agreement 30-40p is achievable me thinks
Couldn't agree more re constructive, decent and non abusive discussion. Im all for that. I have a lot to learn re AMC so am grateful for and good input.
And talking of a lot to learn, could you elaborate on your 'budding agreement' comment re increase in sp please
I was referring to post 15:44 by MexPete... but never mind, at least, finally, we are having constructive, without abuse and amc related discussions, this wasn’t possible, and still isn’t possible on advfn, for some time, nice to see new ppl and investors joining amc:) Good Luck to all!
I was referring to DJ's post at 1345 where he said 'sceptical' in relation to the off take comments. Were you looking at something different?
#AMC There will doubtless be times when stock market investors wished that their portfolios only consisted of companies with solid cash flow, a clear corporate strategy and management that has the ability to surprise on the upside.
Not sure if we reading the same post...I can clearly read -“ nonsense” not “I am sceptical”...but never mind, both are important and if Adam will manage to get bidding agreement before TEO it would send the sp to 30-40p no doubt. Also we have a very strong Russian Government support, this was confirmed not just by russian side but and by amc bod/ceo, amc is first foreign company in russia awarded licence to develop State significant assets, russia trying to attract trillions (rub) to develop Far East, Michustin under Putins pressure, Kozlov and Tritunev under Michustins pressure, Robin Young under Kozlovs and Tritunevs pressure to get this project up and running, all looks good if Robin Young will just do what needs to be done....
DJ didn't say the off take issue was nonsense, he said he was skeptical which is two different things. So whilst unusual to look at off takes now, its required for the TEO, even in a non binding form. So it is most definitely needed without question.
What ever you meant it was a nonsense anyways because both are important and can’t get one without other one....
Tigger, If you're going to quote me, at least do me the courtesy of quoting my post in full. "NON-BINDING" is in caps for a reason.
Exactly come October this starts it move
“ offtake agreement is required for the TEO which, I agree, seems to be a bit of a nonsense as I don't see it will serve any useful purpose”... really??? TEO is a must to comply with Russian Law otherwise you would lose licence! Also, in addition, TEO unlocks russian government subsidies, low rate loans, government funding and road funding...this is a MAJOR step for amc, but according to some it’s a nonsense lol...think some ppl MUST do some proper research before commenting....oh and Russian Far East Development Plan is being signed by the end of September, amc included too, but that is a nonsense too...
djryan777. My understanding is that a NON-BINDING offtake agreement is required for the TEO which, I agree, seems to be a bit of a nonsense as I don't see it will serve any useful purpose.
My opinion is that we will have the 2018 results, including separate copper concentrate uplift before year end.
We will also have a binding off take (highly likely to be Glencore) who will simultaneously take a stake in AMC and provide sufficient cash to complete the BFS.
The Teo will also be submitted by the December deadline.
With all the above within the next 2.5 months once any sellers from recent placing have exited I would expect a decent rise with each piece of newsflow.
For me personally I don't see us owning all of Kun Manie this time next year, I see a large percentage sold off as I believe Adam is a deal maker and this current path I believe Amur is on leads me to think IMO this will be moved on. More income deals to come in and a TEO to be delivered by December, then bring in a firm offtake with say Glencore and also the funds of the back of this deal to fund the BFS, all from previous RNS. Company funded from income and then sale of percentage of asset, invest further in other deliverable commodities and Adam moves on to new challenges! Shareholders will be rewarded as this current MCAP is very low and the only risk IMO is an undervalued offer for Kun Manie but as time progresses ie months rather than years then progress should be seen on interest. As soon as TEO as complete then maybe access to Russian funding , as soon as BFS is funded and Glencore get there full offtake of the mine then it doesn't really matter who takes it forward! I just hope it is not sold too cheaply, so for me the longer we wait the more value we shall see, but gone IMO this time next year
30%40% i ve seen 30/40% hear several times and alot more to be honest, should i have sold at 44p your dam right i should
if i braught back in now with that volume id have an extremely large holding
no point dwelling or you will go mad
when you find decent companys follow them for ever even if your out, you can always get back in later
surfice to say i wont be jumping on 30/40 % from hear thank you very much its all in my reaserch
"One of the key TEO filing requirements is to have entered into a Non-Binding Indicative Offtake Agreement providing proof of interest in the purchase and sale of an Intermediate Product. Since joining Amur as an advisor in February of this year, one of my tasks has been to survey, advance and identify any additional offtake trading organizations and their related trading terms and conditions that may be suited for working with Amur and its Intermediate Products. This was completed during the coronavirus lockdown period and we are pleased to say that we have been able to work with an internationally recognised metals traders in the world. We intend to take the Non-Binding Indicative Offtake Agreement forward into a binding version in the future."
DJ - That was Adam Habib's comments on the off-take update in June.
Thanks for clarifying the off take position, see I’m learning !! Yes totally agree with your strategy and comments regarding EUA. Anything can happen in this market.
the only reason they have been looking for an offtake agreement is because a non binding offtake was a requirment for the russian TEO
deffinately agree with hzm, we are further along the path there for sure
but always watch closely as you do, the path is not always straight eg EUA, they managed to leap frog a few sections towards end value imop
i am as with many of the LTHs hear till my long end goal dyor
ill top up when other funds mature, if they dont or dont get there quick enough then i wont
i like my pot strong and long, never affraid to dump and also never short term gready
could of made a packet on giga last week, but cant be doing with that trading ****, not interested in short term small medium gains
always lookiong for 2/3 good ones for the year and if i get one absolutly marvelous, but if i dont well i might get 2 the next year, just waffle dyor
Interesting discussion guys and actually learnt a hell of a lot believe it or not from reading that. On the point of people waiting 10 years plus , that’s standard time frames for projects such as this and they can miss a nickel cycle so that does not bother me !
On the Russia point , it’s not in the top jurisdictions you want and often attracts less investors , however it’s not a problem for me and I’ve invested before. It’s not an issue for me as it’s all about risk/reward
It is a good point that the market does not value assets till real tangible value is added. The 14% coupon for example is a nice deal which provides income and can be converted to shares when and if the iron ore project takes off. That said if it immediately starts making strong cash flows then the market will price in a conversion at the rate it thinks is forward projected , that’s my understanding anyway. So to me that driver to the SP is a tad into the future.
On the offtakes , I’m sceptical of that. Offtakes should not really be done until the project financing stage as they are a given so it’s a bit of strange one that to me , could someone explain why they are seeking an off take now ?
All looks promising however on a medium time scale , the SP could well move up from now till Christmas but I thought that on the Orion deal with HZM and it went down.
Looks fairly valued to me at the min and I’d be taking a longer term view of this moving to 100 million market cap on either a sentiment wave with nickel demand (1 angle)
Or actual positive working through of key objectives to production with the cash flow generation of converting the coupon If the iron ore project is successful.
Either way my investment would be based on all nickel deposits appreciating in a nickel bull market in 2-3 years time.
Whatever Scenario this should be a lot higher if that happens so any successful company news and direction would be a bonus on the journey.
If this is in fact a lot higher Christmas then I might still invest depending on what’s driven that rise.
But also conversely I see a similar rise as you do short term on HZM , so you see my thought processes.
I will hopefully join the party when other investments come to fruition. Doing my research now is getting me up to speed for future moves.
Will be watching this closely and learning about the share from you guys.
Thanks again for all views