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they are 1.7 now, with 26 vs 16 on the depth. Hmmmm.
1.85 is where it's typically deflated over the previous eons...same script this time?
With a cash-flow positive co, which estimated cash of lets say £4.5m, and a market cap of £8m, the question becomes at what multiple do you use to value a cash-flow positive fertilizer company? Where the mc is right now, you'd assume 2x cash. Seems cheap really.
After listening to the interview I picked up the following:
- Each tonne of the KPFertil sells for around 200 BRL. Convert to £ at .14 that's about £28 per tonne.
-Break even is 40,000 tonnes = 1.12M
- 54,000 sold in 2020 = ~1.5M, less breakeven of 1.12M, p = ~400k.
£4m in cash at June 2020 + £400k profit, £4.4m.
That's just 2020 though, what they've sold so far this year, this quarter being their busiest with a target of 80k, which produces a revenue of ~ 2,240,000 (80,000 * £28). if breakeven is 40,000 tonnes at around 1.12m, this means 80,000 tonnes gives a profit of around 1.12m. Add that to cash of estimate arond £4.4m and you're at £5.5m cash.
No idea, but just given the numbers that McMaster was talking about on the interview, that's what I've come up with.
best
CBS
love iit mike same here
AMC, the American Cinema company is on a tear, up around 300% in the last few days.
Oh heres hoping for a fit finger bot mistake where some pension fund's outsourced AI algorithm puts on a $10m bid on our AMC.
I'm in that telegram group. Whatever. I know myself very well what is and what is true and false - ill have you know I'm a long-term investor in Amur Minerals, and I can tell you there are zero falsehoods in this thing.
/sarc (was a sarc clarification even necessary...)
If you do join it check in on here every now and then, the early morning JoeBass missives are always funny.
Good article from the WSJ (archive link provided so as to bypass the WSJ paywall):
https://archive.ph/034af
*do note that you can paste any link into archive.today and it will archive the article allowing you to then read it
NDA around here largely stands for Not Doing Anything.
If our BOD have an NDA - that's the variant they are laboring under.
I suspect when all is done and dusted (and I hope and fingers crossed the outcome is positive) we'll look back and find the 'leadership' here used every trick to keep things on hold until the price of Nickel broke decisively north. If our 'friendly' PFS showed a breakeven at $8lb, then I imagine these guys may want to see 8 *1.3 ($10.4lb) before finishing the photocopying on the TEO in order to satisfy a banker's margin. Whether 8 is still our breakeven is anybody's guess. Id like to think it's less but I have no facts to suggest that.
Else that TEO is going stand for Turn Everything Off.
NDA around here largely stands for Not Doing Anything.
If our BOD have an NDA - that's the variant they are laboring under.
I suspect when all is done and dusted (and I hope and fingers crossed the outcome is positive) we'll look back and find the 'leadership' here used every trick to keep things on hold until the price of Nickel broke decisively north. If our 'friendly' PFS showed a breakeven at $8lb, then I imagine these guys may want to see 8 *1.3 ($10.4lb) before finishing the photocopying on the TEO in order to satisfy a banker's margin. Whether 8 is still our breakeven is anybody's guess. Id like to think it's less but I have no facts to suggest that.
Else that TEO is going stand for Turn Everything Off.
Hold on: Fake News alert.
I've been reliably informed that BCLP appear in name as the company's legal advisors in the 2019 Annual Report (published June 2020)
https://amurminerals.com/content/wp-content/uploads/AMC-Annual-Report-2019.pdf
Why Norton Rose appear as the company's Russian lawyers as at the 2nd December then is perhaps just some sort of sloppy mistake:
http://web.archive.org/web/20201202034211/https://amurminerals.com/corporate-directory/
Hi Astar
What a reasonable person may view of this: Nothing more than a company changing its suppliers as any company does from time to time.
As for me / unreasonable: I would have to query why the firm that was with us through the license process, the granting of the license, the extension request for the TEO - was replaced. Why this particular firm was chosen, which as far as I can tell, registers more acclaim for 'Russian M&A' than Norton Rose. And though I can't give you a precise date when they were appointed, they were appointed at some point during this last five month news-drought...and it gets me thinking that the theory that we are in some sort of protracted takeover discussion may have some teeth to it.
one may want to draw some conclusions from why our long term russian law firm was replaced with another in the last five months or so, in conjunction with the limited communications from our bod.
Out of sheer boredom/desperation for any kind of inkling on what is going on here I noticed that our Russian legal advisors have changed in the last few months.
Our Russian lawyers were previously North Rose Fulbright. Indeed, they still were as at the 2nd December 2020 (I have used the Wayback machine to check for archived pages for https://amurminerals.com/corporate-directory/ )
They have since been replaced with: Bryan Cave Leighton Paisner. Not sure when that change took place, sometime between now and the 2nd December 2020 it would appear. Seems like BCLP are the go-to for M&A advice in Russia. Not that im suggesting anything but...hey, can always dream.
22nd May coming up: License Day (six years ago...)
24 days from now.
That will be 173 days since Last Failure To Meet a Deadline (We should start acrnoyming that its so common here LFMD).
Valueless post here. Because well...not much to say.
Would this figure be classed as Class 1 Nickel
>Yes, this is my understanding. Though TDT better understands the nuances of this.
How many different mine sites would this have come from
>Absolutely no idea. I'm not even sure they would make that public.
To do a proper comparison 8adger, you may want to see what else you can dig up on Norilsk. What are their reserves? What is their average grade?
I did some time ago and found that Norilsk dwarfs any other operation - certainly Kun Manie.
8adger
best to refer to this:
https://amurminerals.com/content/wp-content/uploads/20201125-TEO-Update.pdf
specifically page 4, and then the cutoff grade of .4 which is what we are looking at at the moment.
150m yes. The grade is .81%
150m * .0081 = 1,215,000.00
too true Theo :)
it only starts to moving to those levels when new PIs, without an ounce of an understanding of what the company is, start saying things like
"totally undervalued IMO, 10p by end of day."
"lithium is the place to be at, £1 by bank holiday"
"love this company, it's amazing, love amur tigers, 50p by Monday"
lol Theo - that is the script, isn't it?