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Etank we will not be investing 10 million in anyone we cannot use all 500 million shares to one owner unless they are Russian of course. this will be part of an ongoing deal i would guess with a number of partners perhaps.
Rjthe3rd there are a number of reasons i believe, the recruitment of Adam, his 2 videos announcing of take agreement although non-binding at this stage is a huge leap forward.
the investment in another producing co TBC in very near future. New met figures, extra copper resource and extra nickel resource could give us an NPV closer to 2B$ and of course the TEO is not far away now just over 4 months.
Directors taking shares instead of a salary, Tom Bowens investing over $160,000 and the company currently has no debt for probably the first time in their short life? Nickel and copper prices rising daily.
In my opinion all extremely positive factors.
Everything is now moving into place
these are all huge steps forward for AMC on where we were 6 months ago.
TDT good spot i think you are correct, we have the additional resource to add which could take us close. Also could a reduction in cut off grade have an effect as well as the mine develops. I would also ask do we have additional acres that haven't been drilled/explored as well?
Adam and RY already confirmed 1.58 million tonnes of nickel, now we have the copper as well plus others this must take our reserves well past 2m tonnes? Plus of course the elusive 2018 drilling extra resources...Whats not to like Adam maybe many things but he 'ain't' a fool!!!
TDT i agree no RNS on a friday please as that often means bad news. With so much good news to follow next Monday would be ideal.
I cannot wait to hear what deal Adam and the BOD are cooking up for these new shares i can only hope it is SP enhancing and significantly would be even better!
I am hopeful that this will happen but what needs to happen for this to occur? There is only bad news on the high streets? John Lewis just closed 8 stores across the UK with 1300 job losses as more business is going online. Is Ted's online business robust enough ? So many questions the BOD need to answer.