Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Production not far off.
Company update this month.
Any holders got any views on where we will be this time next year.?
Noted todaythat a strong surge in share price was halted when the Nature party were succesful in being able to have the last ruling checked in another court.!!!
That is I need a few % more on Nordic to break even on Nordic in My SIPP.
Getting close now.
Couple % rise a day is great.
Mick I need a few % to break even in my SIPP, Ive caught a real cold with Bens Creek so very careful about over exposing to one share again, but the case with Nordic just seems to be getting better.
Hope you see the price rise as we approach production and then it becomes what I believe most investors are in for which is the dividend. Good luck
Long way to go before I even break level ๐ญ but hey-ho, I'm here for the div's so plenty time to make good....๐ฐ
Wouldnt be surprised to see a pull back in SP up to mining, they might take a lump of profit now.
I will keep what money I have available now until it gets back to a target price below about 15-15.5.
Not bad for the investors at the last placement, the have doubled their money and not a penny of income yet.
Lucky people.
GLA
Just picked up the news this morning. Great start to the day. Good luck Mick, lets hope to enjoy the ride.
And dusted....๐
https://news.cision.com/nordic-mining-asa/r/nordic-mining-asa--en-expand-nom--nordic-mining-wins-against-amr-on-all-counts-at-the-supreme-court,c3949620#:~:text=After%20full%20oral%20arguments%20before,AMR%20is%20at%20an%20end.
It would be fare to assume this could easily now double in the short term....๐
Is the 30-40 Nok statement taking into account the share split? if so I agree.
I think once production starts the price will move to its fair value considering forward sales and expected Free cash flow.
Holding strong and all I might do now is buy a few to get my holding divisible by 20.
GL
Ps I will be disappointed if the SP is not in the region of 30-40NOK in a years time (court cases and all going well).... ๐
Tenantry, what I've read in the past, generally reverse splits are not a good thing for the share price. But in this instance, I think with the project being on the ascendancy, and investors viewing the possibilities of near term future dividends (a year or two), this will attract new money. In addition, institutions are also more likely to invest in something in the tens of NOK rather than low NOK (it's a perception).
So IMO, it's a good thing.... GLA๐
Any thoughts. I know it makes the company look better than a penny share.
EGM 11th March
I think I also read a line to say that either way the result goes it wont affect Nordic !!!!
That seems a very confident line to include.
Thanks Tenantry....๐
According to NOM in today presentation, result in 4-5wks;
https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20240206_5
Https://www.finansavisen.no/forum/thread/164272/view
Interesting commentary.
Mick, To be honest I was coming from a pretty low base of shares and the more I looked into Nordic I made the decision that the Keliber Link was fortuitous and the project was providing me the opportunity to get in at the sweetest price I could get which works out to be about 25% above the offering price after investing what I could afford when I could.
Its a pension play for me unless the possible in production price really offers an opportunity to make a significant difference to the overall pot.
Have you had any kind of feedback other than the linked in link you posted ( I couldnt see it for what ever reason )
Any way.... good luck Mick.
The legal team must be confident;
https://www.linkedin.com/posts/%C3%B8ystein-l%C3%B8ken-393776b5_v%C3%A5rt-prosedyreteam-best%C3%A5ende-av-thomas-farhang-activity-7158139320271306752-YRZY?utm_source=share&utm_medium=member_desktop
Hi Tenantry, lucky you with a 6p average, my average is around 15p. I had reduced this from 26p after the original 0.60nok dilution. But my reasoning for this was that I had no need to reduce my average any further as this is a prime dividend share for my pension. Long term investment for me, and the dividend payments should coincide with my intended retirement year of 2026 all going well.
Regarding the case, I believe the last day of the hearing is tomorrow (29th), but I am not sure how long after this it will take to know the result? My feeling on it is that we have had a positive result in two court cases so far, and it would take some new evidence for this to be overturned. And I doubt the supreme court would want to undermine the existing results (lower courts) without just reasons. So I am quite positive on the outcome for us. I also do not think (hope) there will be any great delay on them announcing their decision as they are well aware of how advance the project is (production commences end of this year)....๐ค
Has anyone (Mick) got a handle on how the case looks,
Im reading opinions / views from posters on the Finansaiven website and to be honest the majority of posters on there seem to be invested in NOM obviously but some of their comments come across as very confident that AMR supported by Land Holder associations are just chancers.
There is wording that NOM had earmarked 50mil for compensation but AMR are playing a weak hand on rights they have obtained after NOM significant research and investment.
Any thoughts would be appreciated, Im in with a decent lump (for me) having recovered from the placing to an average about 6p so my money is on a positive resolution to the case in NOMs favour...hope it doesn't drag on but I have feeling the courts ruling may be some time after the actual case. Meanwhile construction continues and NOM get closer to production.
GLA
The drop explained:
https://tools.eurolandir.com/tools/PressReleases/GetPressRelease/?ID=4445234&lang=en-GB&companycode=services
Then onto production by the end of the year ....great start to 2024.....๐
Naturvernforbundet and Natur og Ungdom have not upheld that the permit for mining with sea ponies in the Fรธrde Fjord is invalid.
The environmental organisations must also pay NOK 1.4 million for the state's legal costs. This is evident from the verdict in the Fjord lawsuit that came from Oslo District Court today.
1 hurdle cleared for Nordic, 2nd at the end of the month with case brought by Arctic minerals and Landowners against the lower courts ruling in Nordic Favour in a previous dispute relating to rights of landowners and arctic minerals for minerals that are not included in the original mining permit but are within the excavated material. ( I think thats the jist of it)
Fingers crossed for end of month.
Extract from
https://www.altinget.no/artikkel/groent-overblikk-uke-2-domsavsigelse-i-fjordsoeksmaalet-og-stortingsdebatt-om-havbunnsmineraler?fbclid=IwAR1G1-P9Pcpa-Ds14AOVjSljTqSmt1wJS1cgCkaqvrpB8kfTBXbaJb4fbhE
So we should know by tomorrow evening.
Naturvernforbundet and Natur og Ungdom have sued the state to allow the dumping of mining waste in Fรธrdefjorden, and at 17.45 the verdict will be published by Oslo District Court. The so-called "Fjord Lawsuit" has been an ongoing environmental dispute since the 1990s. In connection with the verdict, the leaders of Naturvernforbundet and Natur og Ungdom invite to a press conference, where lawyer Amund Noss from CMS Klunge also participates. The press conference can be followed live on the Fjord Lawsuit website.
Prosperous 2024 to you Tenantry et al....๐ and it could be starting really early on in the year....๐