Member Info for ART123

Maybe it's because just about every share -

" The well has now been shut in for a long term pressure build up test ("PBU"), designed to provide data necessary to understand whether the Portland reperforation programme has achieved the desired optimisation of well inflow performance."

I do believe that if Mr Sanderson still had the previous partners here, which incidentally he used shareholder cash to buy out, they might be putting pressure on him to get a move on with his "long-term pressure build-up test".

"UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that surface-based intervention operations at its 85.635% owned Horse Hill-1("HH-1") well have now has been completed. The well has now been shut in for a long term pressure build up test ("PBU"), designed to provide data necessary to understand whether the Portland reperforation programme has achieved the desired optimisation of well inflow performance."

This was from 5th November 2020. That is now 2 months ago. Maybe Sanderson has forgotten that the well is still shut in.

The company is fine and the assets are fine but Sanderson doesn't seem to be up to the job. I suggest let him go and bring back Lenigas for another spell in charge.

Apologies for the repeat. It didn't look like it had been posted first time around.

Copper over $8,000/ton today; Nickel high of $17,907/ton today.

Also iron ore still over $100/ton. There should be a production update from NRR this month with year end production figures and revenue. These should be absolutely stonking.

Not sure what is going on with Habid, but he has found AMC a quite excellent investment with NRR. Personally I would keep him on and tell him to find AMC a major partner for the Kun-Manie project. With his skills that should be quite easy.

Copper over $8,000/ton today; Nickel high of $17,907/ton today.

Also iron ore still over $100/ton. There should be a production update from NRR this month with year end production figures and revenue. These should be absolutely stonking.

Not sure what is going on with Habid, but he has found AMC a quite excellent investment with NRR. Personally I would keep him on and tell him to find AMC a major partner for the Kun-Manie project. With his skills that should be quite easy.

Unbelievable stupidity from the management here.

Sanderson bought out all but one of the partners here, presumably because he thought that UKOG were on to a pretty good thing at Horse Hill and that they worked out that UKOG should be making all of this easy revenue for themselves.

He also bought up all the equipment which was previously being leased, presumably because he thought that UKOG were onto a pretty good thing at Horse Hill.

Since then he has barely produced any oil at all. What an idiot.

Of course, it is just possible that it was all of the other partners here who were pushing for testing and production rather than Sanderson. That might explain why he doesn't seem to have a clue what to do here now they've gone.

And maybe the owners of the equipment were the ones pushing for UKOG to keep producing so their equipment might find a long term home and make them some money. Now they've gone Sanderson hasn't got a clue what he's doing.

Just a thought.

Very silly valuation here - as others have said.
At the beginning of November when oil was around $40 barrel, the SP here was around 2.5p. Since then oil has risen back to nearly $54 barrel. Today the share price is still 2.5p.

With average production of 13,250 bopd the rise in the price of oil has increased revenue by a staggering $67,000,000 annually. That is more than the total m/cap as of today and enough extra revenue to complete one of the two proposed workovers which are planned for late 2021 at the earliest and 2022.

If oil climbs to say $60 a barrel [which is not impossible with the latest Saudi production cuts] that will create a further $30Million in excess revenue over today's.

Most of the lithium resource stocks are rising fast on the current high commodity prices. With nickel at $17,000 ton this huge asset should be rising too. At the current share price the nickel is barely priced in at all. The iron ore investment alone could soon be worth double or even treble the current market cap.

It's about time the share price here went up to keep up with all the other booming commodity stocks. Nickel is still above $17,000 ton and iron ore is still above $100 ton.

We should get another NRR update in January, along with the latest 3 monthly interest payment.

Excerpts from the last NRR update on 30th October are below. At that time the price of iron ore was just over $70 ton and the offtake sell price was just over $60 ton. Since then the price of iron has risen by nearly 50% so the additional 4 or 5 loads by the year end will gross a much higher revenue.

30 October 2020
Amur Minerals Corporation
NRR Update

"Amur Minerals Corporation ("Amur" or the "Company"), the nickel-copper sulphide mineral exploration and resource development company focused on the far east of Russia, is pleased to provide a further update on the Company's investment in the Convertible Loan Note ("CLN") in Nathan River Resources Pte Limited ("NRR") who own the Roper Bar Iron Ore project ("Roper Bar" or the "Project") located in the Northern Territories, Australia.

The loading of the first vessel has commenced using some of the low grade DMS iron ore stockpiles that were in existence prior to the purchase of Roper Bar by NRR. This cargo will be approximately 58,000 tonnes and has been pre-sold by the Offtaker giving NRR an expected revenue from the sale of approximately US$3.6 million.

With the recent injection of additional equity capital announced on 27 October 2020, NRR is now targeting four to five further vessels by the end of this year. The processing of previously mined blocks has also commenced, and the transportation of existing stockpiles and processed blocks to port is now operating 24 hours a day. The Roper Bar site is now fully equipped and expected to commence the mining of new blocks in due course."

Everybody keeps posting that Dr Cave is not in it for the money. Good for him!!

When his 48.8% ownership of P2F was acquired by RMS the strike price was 0.395p. I expect that he would be quite happy with that right now. And that is most probably where this will end up if he continues his campaign to destabilise this company.

After all they won't want to give all the punters who are trying to remove them from their jobs a chance to sell out at a higher share price.

I expect that the current BOD will now delay the launch of the mask until these boardroom shenanigans are sorted out.

The good news is that all those voting against the BOD will need to prove their holdings at the last minute. By that time the share price will be practically worthless anyway. Then if they do get enough votes to remove the BOD the share will be suspended anyway.

Too bad.

But they do not get a new Nomad. All nomads are the same and all they want to do is to raise funding. They have no other reason to exist. No Nomad = suspension = all shareholders lose everything.

Too bad.

I bought in yesterday - and have sold out today for a small loss.

The attitude towards the BOD is appalling but so relentless that this whole share is now doomed.

I may buy back in if the existing board win against any challenge.

This company is now finished.

Unfortunately it is not quite so simple as just removing the BOD. The Nomads will resign as their only business these days seems to be to raise funds for these companies. With the Nomads gone the share will be suspended and never heard of again. If the masks are a success the shareholders will get nothing. Too bad.

Cancelling the warrants is not going to cause a short squeeze - which is I assume the only reason for this mindless support for the boffin with the hump.

Warrants are often never exercised, or at least not until the share price is considerably higher than the share price and they certainly cannot be forward sold.

I can guarantee that the Braveheart shareholders are bl**by glad they didn't have Dr Gareth Cave on the board, or as CEO, over there.

And I can tell you who'se families are pleased with the outcome.