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If it holds above 2.6, then 3.1 and finally 3.4 and we have a proper breakout!
A close above 3.1 would be a very good indicator but will be very hard to crack, this is +200% from the bottom.
I have a trading pot in play again - missed out on 0.4p's worth of gain but a profit is profit!
trading pot already in profit and will sell half at 3.1
Still some nice buys showing up, could be some profits from EUA sells.
Hi RJ
I think we've had a number of positive - id hasten to use the word 'events - but intentions from the company in recent months.
Appointing Adam Habib as advisor to the board has given the Co new impetus. Hes got a plan and is putting it in place.
That we can derive a copper as well as nickel concentrate will focus minds more on the extra revenue that can be drawn out of Kun Manie. That was the 1 June 2020 RNS. Prior to that, it wasn't really understood what could be done with the copper.
Adam focusing on purchasing a revenue generating asset for AMC is a big one. Adam has stated twice now that in two interviews that the ongoing dilution needs to have a floor put under it, and this is the way to do that. Endless share issurance in pursuit of the BFS was always going to hamper the sp. What Adam has in mind regarding a revenue generating asset we will wait to see.
The approval for the extra billion in shares, caveated to a 500m issuance by the next AGM in November expressly for purposes related to acquisiton/merger, most likely related to the revenue generating element of Adam's strategy has created more certainty around AMC (if for example the issuance was refused by shareholders, then this share would really be much more in the pan than it was).
I'm sure there are some other posters (CT, Nolo, TDT, RL) who can point to other positives coming out on this.
The share didnt languish under the £10m market cap for too long when all of the above action points were in place.
I'm not sure about the constant-seller, that's more TDT's wheelhouse.
All in all I'd like to think we can ascend a £50m market cap a little like our near-peer HZM in a short enough time frame.
All the best
CBS
Sentiment! - It's the only thing that drives share prices. Need to be realistic here though, there's no substance here and won't be for a few years - RY said earliest AMC could produce would be 2023.
This current rise in AMC is sentiment driven and being pushed along by some clever trading, so be careful. Also RSI is starting to get very over cooked. For now ride the rise but if it doesn't break 3.1 and then 3.4 it will fall back down.
Please let me know when the price stops being reported in fractions of pennies! Then it will be interesting.
There is a distinct high level of possible news flow to come here over the next few weeks/months and from the information and interviews that have just been published over the last few weeks/months then this certainly could re rate to a more substantial MCAP. Although a producing mine is years away it could be extremlely positive if the company can deliver a JV as such for a income stream that would prevent any further dilution. Add on debt related to the income stream and then it would put us shareholders in a much better position as Adam had indicated on interviews, that to many is exciting and hopefully soon to come. Already mentioned is the off take company `who wants it all`. Wow, lets now add on hopefully significant drill results from the past and value in the off take and now comes in a new valuation for the mine. Another re rate in this undervalued MCAP IMO. Add in the TEO by early December at the latest and then a BFS next year and mining finance secured then maybe within a year you have a possibility of a take out!
Throw in any more gems of other metals and any other confirmed names and numbers and at this price I think it is a steal!
Lots to look forward to, and so looking forward to these updates when they come. Adam indicated they would be soon, lets hope for a great re-rate in July and August.