Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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stick with GGP
Dow industrials rebounded with vaccine update
FTSE DAX also up confident the rotation from TECH to industrials is establishing itself.
If the share price matched the amount of hype and bs on here today it would already be 40p
MD
Now just sit tight and see how it unfolds. Lots happening and happening soon.
I think if any companies are thinking of purchasing us they soon may move quickly if Adam can pull a rabbit out of a hat and get us a stake in a producing asset.
I believe once that happens and we are no longer in the distressed position of having to constantly dilute, then any would be purchasers will have their hand forced to prevent us getting closer to production and a higher take over price.
Now what? Holding amc since 2017... 3.8p avg
that trade was at 9.23am this morning that wont effect the price now, expected profit taking today sell on news, buy on dips
Yes just seen that 2million purchase at 2.99
Lets hope we’re back there tomorrow
Another late trade
The late trade 2.4p was a buy IMO
Hey Tacet, that probable correction down to 2.25p, you mentioned earlier. You might be getting that before the bell rings.
thanks for the advice. I'm not trading day to day so the candles will just have to tick along without me ??.
I like the latest RNS, I guess that will add consistent value to the sp as we will no longer need financiers that get paid in issues that they just sell off!
tacet - that rise to 44p odd five years ago was a result of AMC being awarded their mining licence post the certificate of discovery they received much earlier. Many thought they wouldn't / couldn't get it but RY managed to obtain that official licence to mine KM with 100% ownership of whatever they produced.
Not unnaturally, quite a few LTH's like me, thought that that news, adding sudden credibility to the whole project, would culminate in a bid for the company but it never happened, hence the steady relapse in the sp since...
But that was then - today, with the EV impetus gathering pace, things look quite different, so who knows what might yet transpire? - sasa.
Good morning Tacet
Thanks for your input regarding this. GL to you with this.
TDT sounds utterly reasonable to me.
Yes the move to 40p at the time was, in retrospect, irrational given that nothing was in the offing.
We've had a few episodes over the years of the sp racing ahead. Hindsight justification for the rise from November 2016 that lasted a few weeks seems to have been built on the MOU signed with Jinchuan (and for some reason this morning I cannot find the corresponding RNS under the LSE Live RNS facility, but it's visible on the co website).
TDT if we received a binding off-take on decent terms it would if my memory serves correct the first binding agreement AMC would have entered into with any entity of significance. I agree that that alone should boost the sp. And off the back of that, issue shares, take the cash, buy a few assets, and provide a cashflow so as to neuter any more serial-dilution.
Should be an interesting few months!
Best
-CBS
Have been out of Amc for a while. Always planned on getting back in. Around 100% rise in the last few weeks, without any news. 1p was always way undervalued, not sure if I should jump in now or wait.
AIM and AMC have no logical and prices rise and fall like crazy!!
Hello tacet.. whats your target? 6/7p?
its possible 1 in 4 EV in 5 years could be running on AMC Nickel
Amur coming off all time lows!
Folks this touched 40p 2015 when Tesla was just a Elon Musks dream...…………….. TODAY EVERY SINGLE CAR MAKER ON THE PLANET is moving to EV.
And some guys still cant see where its headed makes me chuckle
Good morning. When can you see this going to double digits?
Nice to see momentum in the Sp
I have this horrible feeling the sp will go up to double digits and then fizzle down like it has done in previous years ( I hope I'm wrong ) I'm sure I'm not alone in this, I believe there are many here who are invested to see this through to the end and for us we cant actually put a end price on the Sp for us the best outcome would be a complete takeover/buyout
CS , I agree that are where my target price is now in and around the HMZ share price. That for me would be a more true and fair value of AMC.
Unless, we get a better Off Take , Putin confirms the money for the Road , the new revenue stream , our metal rate and amount increase with the 2018 drill results then I might have to up grade my valuation.
But without any further news we may see the 3p to 11p rise we saw in Oct 16.... just on sentiment alone.
Just feels like there is a business man at the helm while the geologists carry on doing the good work behind the scenes.
GLA
Hmmm Wood McKenzie did have a forecast price of $25k by 2025, we all know what has happened here in 2020 to completely throw all forecasts down the pan for a while until everything gets going again but even if it is 20% out that is still $20k by the time we are in production. Throw in Copper as well and the increase in that and throw in a bigger reserve and to me it looks like a mine with a potential bigger market cap than £30m.
Long road to go down yet! A long one to build as well, but the Chinese are good and quick at that :)
We know amc IS undervalued many many times
too true. When thinking about sp you need to think of market cap.
at 40p today the market cap would be roughly £400m which is a big ask considering what we lack.
Trading along the same lines as near-peers such as HZM which admittedly is further along the track than AMC, would stick our share price around the 5p mark.
When those intentions I mentioned yesterday are turned into actions, then a rise in the market cap - and the sp - would be better justified.
I wish, 40p is a distant dream at the moment. while still an exploration company without a road for transport complete and no income as yet I would be popping many bottles of fizz if we saw 40p anytime soon. GL all, at least we broke 3p this week, thats a 1st in more than 5months.