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The share price will need to get to 4p, 5p or 6p before this will do better than if people leave these warrants to run.

Some posters are claiming to be under water here. The share price high is only just over 6p and anyone who bought in up there has got what they deserved anyway.

The warrants guarantee either everyone will be in profit or the warrants won't be cashed and there won't be any further dilution.

Without the warrants the share price might be considerably lower - but that isn't a problem as long as Dr Cave doesn't have his holding diluted. That is very strange logic. I can't see it.

There won't be a short squeeze as the placing shares will be issued whatever.

Any rise in the share price in the next week or two could be attributed to the rise required for the warrants to be paid for and taken up.

Most warrants issued by AIM companies, which is what I assume RMS are, never get taken up. They exist in placing fantasy land and usually lapse, even if they are valid for 1, 2 or even 3 years.

However, one company I hold (POW) has recently had great success with raising cash from their warrants. But all of the warrants have been converted with the share price at least 2 or 3 or more times the price of the warrants.

The warrants here guarantee a share price of 1, 2 or 3 times the strike price. What's not to like about that?

They also have to be taken up within 3 months. That is just brilliant.

RMS will get up to £8million extra funding.

Dr Cave, who I assume got his holding shares as part of the acquisition deal, will get diluted. I'm afraid that's his problem. No wonder he has got the hump!

What happened to NEW anyway?

Apparently they were suspended and everyone lost their shares and money.

Dr Cave should have done his homework before he agreed to be taken over by RMS. All he can do now is to ruin the company and lose all of his and everyone else's shares and money.

I've seen this before. Without the board the company will fold. Did Dr Cave RTO Remote Monitor - No, his company were bought out by them. Now all of a sudden he wants to kick out the board and take over as if it was a RTO.

There won't be a short squeeze as the placing shares are happening anyway and without a considerable share price rise the warrants won't be taken up.

Besides what happened to NEW anyway? I expect some punters ard still trying to get their money back from them.

It's quite possible that Dr Cave did not have the funds to participate in the placing and warrants in which case his only interest is to try and stop the dilution of his personal holding. He is not necessarily acting in the best interests of the company.

Also if the share price doesn't rise to 4p/5p/6p within the next 3 months then there will not be any further dilution and the warrants will lapse. RMS will then not get the extra funding which all of a sudden posters say they don't/won't need.

For all of the warrants to be taken up the share price will need to be at least 4p and most probably nearer 5p or 6p. What's not to like about that.

To get the higher share price the existing BOD will have to move things forward - which is good as well.

If the share price rise doesn't happen then the warrants won't be taken up and will lapse and there won't be further dilution.

20% dilution but for that to happen the share price will have to rise by at least 200/300% first.

Dr Cave is I fear just looking at his own holding rather than the good of the company. £8million extra funding is huge.

I don't get diluted as I bought today.

Of course the company want the extra funding.

The quickest way for the share price to go up appears to me to be with the 2p warrants cashed within the next 3 months. I'd say the share price would have to be at least 4p/5p or more for all the warrants to be taken up.

What's wrong with that?

I'm not sure that I can see the point to Dr Cave's campaign.

As it stands the warrants at 2p need to be taken up within 3 months. In order for them to be taken up the share price will have to be say 4p or 5p. This will then raise up to £8 million in extra funding.

Is Dr Cave proposing any better scenario than this - or, if he stops the warrants, is the share price just not going to reach 4p/5p so quickly and RMS not going to end up with considerable extra funding.

As the placing shares are going through anyway and don't need a shareholder vote then there won't be much of a short squeeze anyway. It's possible the share price may not even end up as high as with the warrants.

It seems that Dr Cave's campaign may be little more than to try and stop any further dilution to his holding and not of any benefit to other shareholders at all.

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.

It would be nice to hear how this is progressing and a positive update would certainly do wonders for the share price.

21 December 2020 03:01

•SGX iron ore benchmark crosses $170 a tonne
•Spot iron ore at record high above $160/T
•China's crude steel output seen up 1.4% in 2021
•Landslide in Vale mine near 2019 dam disaster site

By Enrico Dela Cruz

MANILA, Dec 21 (Reuters) – Dalian iron ore futures jumped nearly 9% on Monday as the key steelmaking raw material extended a rally powered by bullish demand outlook for 2021 and growing concerns about supply.

Iron ore has emerged as this year's top-performing major commodity globally, having gained more than 140% this year, which some analysts and traders have also attributed to huge speculative bets.

The most-traded iron ore for May delivery on China's DalianCommodity Exchange jumped as much as 8.8% to a contract high of 1,135 yuan ($173.69) a tonne, after a landslide at a mine operated by iron ore giant Vale SA added to supply worries.

Iron ore on the Singapore Exchange climbed 5% to$170.26 a tonne, crossing the $170 mark for the first time ever.

Steel commodities on the Shanghai Futures Exchange and other Dalian steelmaking raw materials also climbed to contract highs.

Top steelmaker China is expected to produce 1.065 billion tonnes of crude steel in 2021, up 1.4% from a 1.05 billion tonne forecast for this year, a government consultancy said.

"The market has optimistic expectations for next spring demand," analysts at Sinosteel Futures in Beijing said in a note.

"A large amount of risky funds" has also flowed into the market, driving prices higher, they said.

"Prices will remain above $100 a tonne until mid-2021, before easing gradually to around $75 by the end of 2022 as Brazilian supply recovers and Chinese stimulus eases back," the Australian government said in a quarterly outlook.

Spot iron ore surged to $164.50 a tonne on Friday, the highest on record.

NRR interest payment due soon. Also the next update should be very positive. The initial 194,000 tons in stockpile should be shipped plus a considerable amount of new Ore. I would expect a quick return to 3p on this news.

Iron ore prices are up 50% since AMC made this investment (and I repeat 9% overnight). The free cash from this higher price will greatly increase the value of NRR's asset.

The investment in NTR will soon be worth 2 or 3 times the m/cap alone and the board don't have to do a thing.

Also with the high iron ore prices - with spot prices forecast to reach $160/170 a ton - there is very little risk of further dilution of AMC's holding in NRR which is increasing in value daily at the moment - unlike the miserly share price and m/cap.

Nickel price up again and heading for $20,000 a ton.

Meanwhile Iron Ore prices up 9% overnight and 15% over the last week.

Who needs to care about the CFO.

The investment in NRR is looking to be exceptional. Iron Ore was around $70 to $75 a ton at the time of the investment and now is forecast to be $100 + a ton for 2021. Superb timing as production at NRR ramps up to 1.5/1.8 million tons this coming year.

'Will we ever get to market?'.... maybe they should put the 'For Sale' sign up as Eurasia have done. This resource is also in Russia.

A few years ago the SP and m/cap would have risen considerably to reflect the rising price of nickel. These days nothing happens. Everyone is just bored with the lack of action.

Other companies such as GGP, EUA, SOLG, for example have a m/cap that is many, many times higher than here even though they still only have an asset in the ground and are nowhere near production.

This resource is proven and metals that have a strong future and yet the market barely assigns any value to it.

It looks like Nathan River Resources have got lucky starting up production when iron ore prices are at a very high price.

Quarterly interest payment due at the end of December.

I'm not sure what the m/cap of NRR is as I believe it is unlisted but even the reduced 13.43% that the CLN's will convert to must be most of the m/cap here.

https://www.mining.com/iron-ore-prices-on-the-march-again/

Very quiet here considering how much is going on and the buoyant share price.

Another presentation tomorrow:

https://www.investegate.co.uk/power-metal--pow-/rns/london-south-east-investor-webinar/202011170700115007F/

The Haneti Project in Tanzania drilling should have started by now:

https://www.investegate.co.uk/power-metal--pow-/rns/haneti-project---drill-mobilisation/202011190700067942F/

and further work starting imminently on the Alamo Gold Project in the USA:

https://www.investegate.co.uk/power-metal--pow-/rns/alamo-gold-project----usa---exploration-update/202011200700039465F/

And all these idiots who keep posting "UKOG is all over" and suchlike need to p*ss off.

Loxley is/was a minor gas field. If it never gets planning permission then too bad. There are much bigger assets and prospects to get on with.

Two tankers off from Horse Hill is much better news today than even if Loxley had got planning permission today. That is real and bringing in revenue today.