Member Info for AIMtodeath

True, I had hoped the US market would have put pressure on 15,800 but looks like traders stopping it currently on technicals.

Its going to take a few goes at 15,800 and any macro market weakness is going to make that harder to achieve, correctins come quick in Nickel if macro goes tits up for a week.

I am sure Glencore will be aware of ESG issues and western OEMs (suppliers to) and if a company is using diesel generators and trucking 270km, I am not sure that fits the profile of the modern ESG requirements. Chinese market everyday of the week though but AMC will have to compete with Indonesia to supply that market, Chinese are tying up mines and in country production in Indonesia.
There is a place for both AMC and HZM but that guy is way off target with those claims on advfn.

My response on advfn -

schachmeister -

You have to be kidding me!? You clearly have NO idea what you are talking about. You neither understand the different types of ore and the products that are obtained from the ore and how they compare. Your first mistake.
Second mistake....dirty is not the ore, but the way the product is produced and the carbon footprint.....and believe it or not sulphide or laterite can be just as clean or dirty as each other in producing the SAME end product Sulphate! Give me strength!

To say anything else is flat lying and/or pure ignorance and stupidity.

Do you use renewable energy or fossil fuels for power (diesel gen)? Do you have to ship the material by road using diesel trucks? Just a few of the major contributers to 'dirty' production by the consumption of carbon. All that glitters is not gold......
HZM will use mostly Hydro power and rail... err cleaner. I'm not here to say this is better than that but to dispell idiot comments.

HZM has 2 different ores, both can produce Ferronickel (not pigiron) Saprolite and Laterite. However the first Araguaia (the mine currently getting finance) is going to produce Ferronickel for the stainless steel market using Rotary Kiln electric furnace (not a dirty process and well established), the second is Vermelho a laterite ore body that can produce 'Nickel Sulphate' a CLASS 1 BATTERY Nickel, the same thing produced from Sulphide deposits!! There are many 'dirty' processes but nearly all are mitigated at Vermelho as they have dry stack tailings, don't flush into the sea and reuse nearly all their water for example. For power Brazil uses mainly Hydro and trains transport to ports. So far from dirty carbon use.

So before you run your mouth off take time to learn some thigns about Nickel first and foremost..... then understand what Nickels are produced and how, plus the carbon footprint involved. You will make more informed decisions and not look such an idiot.

Some people are so dumb they don't realise they don't know a thing about what they are invested in! It is not the type of Nickel that is dirty it is the process to develop it and the carbon resources used in the process make it dirty.....Sulphides can be as dirty as the next. Diesel electric and driving it miles over roads with err diesel trucks.....go AMC. Norlisk....cough, spill, cough.
He doesn't even know about the different types of Nickel either.

That is why I put RSP/DMA..... i.e. You need DMA access....but you are all about being a sanctimonious pr*ck

Unless a MM participated in the auction it is between RSP/DMA access PIs. That was a price they agreed on. Not sure why anyone would have sold at that price but the buyer at 7p is well happy!

If you pepper a bid or ask that is weak/virtually no shares left at that price you can force MMs to move as the algorithms see trades coming in regardless of size and move. Or someone trying to clear the last shares to force MM to reload at a new price.

Vermelho price contains a premium for class 1 so nickel base price already there, the premium is not being paid currently but as demand grows pressure will be put on the premium to be paid.

These sellers are a pain in the butt hole, making it easy for the buyer.

Someone leaving still but someone arriving.... Helping each other.

I'd say they want to make the buyer pay more but they don't want to pay out to sellers until buyer takes more shares higher up.

There has been consistent heavy selling of late and perhaps these buys are scooping up those moving on, chasing rainbows or bored that its not doing 10% a day. Someone has liquidated of late that is for sure

Buys or sells that big take days to put together and the trade drops when it is all over, so they don't tend to affect the price when they drop.

13-Oct-20 11:27:05 7.35 2,267,156 Sell* 7.30 7.50 166.64k O
13-Oct-20 11:38:12 7.45 1,828,500 Buy* 7.30 7.50 136.22k O
13-Oct-20 11:20:39 7.35 1,400,000 Sell* 7.30 7.50 102.90k O
13-Oct-20 11:20:32 7.35 3,588,799 Sell* 7.30 7.50 263.78k O

Markets not so caring anymore. Trump is status quo and whilst Biden will raise taxes they think that the first 2-3 years will be good for the market due to $7T stimulus likely. So it's a win win for the markets it seems.

Finance is when it is, there is stuff happening all the time, I think too much is thought of these things. A fat bit of stimulus would be fine for commodity prices.

You have your caravan....all you need.

12:55 someone sells HZM 331,304 shares
12:58 someone buys ARS 331,362 shares

Keeping same number of shares but banking the price difference.

no more

https://roskill.com/news/nickel-morowali-projects-opt-against-deep-sea-tailings-placement/