Member Info for Ant1986

I agree with you. It's just taking a little more time than expected. They will get there though, I'm sure.

Fulmar, I would be utterly amazed if ARC, AA and HH aren't in dialogue behind the scenes, while the Cadastre is being cleared up.

I'm optimisitc we'll see our deal close and then we really are a different beast from that day forward.

Dug this out (so-to-speak)

"Ferronickel and Nickel Pig Iron (NPI) are two alternatives to nickel metal. NPI typically contains around 4 to 10 wt% nickel. Its high amount of carbon (>3 wt%), silicon (>3 wt%) and manganese (>1 wt%) mean that its application in foundries is highly restricted. In fact, the main consumers of this product are stainless steel mills in China, because of their capacity to reduce carbon and other undesired elements [5]. Ferronickel is a ferroalloy containing mainly iron and nickel. It is supplied in the shape of flowable granules with a typical particle size between 2 and 50 mm. Part of the production process is a refining step that reduces the amount of carbon, silicon, manganese, sulfur, and phosphorus to an acceptable level for foundries."

Good comment, though I meant if only 25% of contracts of class 1 are through LME and Shanghai is north, then god knows what the trade price is in the full market.

Take your point about NPI - oversupply the key term there, though I don't know the cost/process of turning it into a sulfate vs Brazilian Ferronickel? I read a lot about Lithium and it's often the additional process that adds to the true price.

Lithium has a similar issue, too many forms to create a representative benchmark.

I've thought the Nickel price is way too volatile recently, I actually imagine the true price is already north of what's being portrayed.

Agree, it reads to me like they want to stop all the weaseling around and prevent what happened to ARC. It coincides with the timeline for the new Mining Act that's been communicated.

Compliance is key to a predictable political environment, which then unlocks FDI.

I see it as immensely positive for Arc & Anglo (and Zambia).

Might want to check this out...

https://openownershiporgprod-1b54.kxcdn.com/media/documents/Zambia_Terms_of_reference_ToR_for_Short-Term_Legal_Consultancy.pdf

"The consultancy will last 15–20 days and should be completed by 25 November 2022, with the bulk of the delivery being in October. We expect this to be a nearly full-time consultancy in October"

I'd just look at Horizonte's presentations and macro views from nearly anyone (I haven't read a single piece suggestinh Nickel is going anywhere but up).

The progress on the aerial view is again remarkable this week. It's flying! I expect this update in a few days to say exactly the same, on track and on budget.

5p old money. Crazy.

That's why I'm not rubbishing Botswana - the results could give us a quality problem.

If the stock had been issued, less of a noise, Tingo stock has $5m valuation now.

HH making lots of noise on Twitter today, get the feeling it's close now.

I'm bothered about, nice, but not much to move the needle.

Drill results of Botswana will be interesting but it's the AA project I'm sure we're all waiting on.

Casa cash/stock a distraction.

Trading up. Disappointed to be flat, today, hope to carry momentum shortly.

I'm guessing they're from the green boxes, hilarious!

Finally getting a bit of traction today. Still in disbelief that I'm watching the mine making great progress (literally) and it will be in production within 18 months, yet we're valued at just £195m?!

I work in automotive, EV is massive, don't worry about whatever he/she/it is posting.

Seriously, what is your motive? I cannot be arsed ramping as much as you deramp and I actually have a position!

Must surely be thinking of exiting their short now?

They had started to reduce significantly north of here and not much has changed. We are sat perfectly waiting for cash and a possible buy-out.

Is a big vote of confidence in Zambia - I think we needed something more up-to-date since the JV announcement, it's certainly reassured me.

Exactly, good find.

Will be interesting to see if this has the effect that oil companies will now need to start reinvesting their massive bounties in producing more to keep revenue targets.

Good find, that's very close to the mark, exciting.

Price becoming insane.