Member Info for drunkinftl

Why not stick your fingers in your ears and sing la la la loudly

HMG can't fill in the potholes that infest our roads in ever growing numbers... does anyone really think they will be able to rewire the country to recharge EVs?
And from what I recall hydrogen is expensive to produce!
Mass transit for the UK..is on their cards!... they just haven't told us yet!

BNP..??
''Ten years ago today, French bank BNP Paribas announced the market had lost confidence with two of its hedge funds – effectively rendering them insolvent.
At the time, it didn’t seem that important. But it turned out to be the starting gun to the global financial crisis.
The two BNP funds had been stuffed full of US sub-prime mortgage debt.
For a decade, sub-prime debt had swept through financial markets, gaining in popularity. Millions of mortgages had been bundled into complex new structures called CDOs – Collateralised Debt Obligations – and sold to investors.'' Massive fraud!

and yet here we are stuck at $7+/lb!
You'd've thought nickel would've been $20 by now..but no!

''Gold Reserves in Russia increased to 2119.20 Tonnes in the first quarter of 2019 from 2113 Tonnes in the fourth quarter of 2018. Gold Reserves in Russia averaged 830.43 Tonnes from 2000 until 2019, reaching an all time high of 2119.20 Tonnes in the first quarter of 2019 and a record low of 343.41 Tonnes in the second quarter of 2000.'' Trading Economics..... better?

And then you must ask why Trump would offer to buy Greenland from the Danes..
''Greenland row: Potential oil reserves could boost island’s fortunes''
22/08/2019,

born2invest...
Become A Contributor
Be part of our growing community.
Born2Invest prides itself as a leading source of valuable content from experts working in the business and finance industry. Below are the benefits of signing up for our contributors’ program:..''
Anyone could possibly be a contributor.. but the article is.. ''Published 5 years ago on February 8, 2015'' 3 years before the EV revival.
And I still say anyone in the nickel business who has not heard of Amur Minerals.. is a waste of space!

born2invest.com''.....Who?

That big lump under your car bonnet has been the same size & pretty much the same materials since the ICE was invented..after the starting handle..
Nickel batteries are going to be with us for decades!
Besides theres no where really to charge them... there arent many in my street able to charge their cars.....
remember HMG backing diesel fiasco..

''Fumes from diesel engines are thought to be responsible for around 7,000 deaths a year as experts claim air pollution has a similar impact on the heart as smoking'' Telegraph??
let alone..

''European parliament draft inquiry into dieselgate has found EC ignored evidence of emissions test cheating The commission ignored evidence of emissions test cheating from its own science body, the Joint Research Centre (JRC), partly out of a desire to “avoid placing burdens on industry”, ''

''The European commission was warned by its own experts that a car maker was suspected of cheating emissions tests five years before the VW emissions scandal.
A documents cache seen by the Guardian show that the commission’s in-house science service told it in 2010 that tests had uncovered what researchers suspected to be a “defeat device” that could cheat emissions tests. '' good ol' guardian..

''Would be 'grossly irresponsible' if Nickel hit $14/ lb (or even 'just' $9/ lb, all of which could snowball and happen quickly()''
I would not be surprised to see Nickel hit $60/lb
esp as AMC have said that our nickel inventory would only supply enough for 3 million batteries.. ''In 2018, some 70.5 million cars were produced worldwide.'' so our nickel is quite miniscule..

And if I wanted to keep my nickel and sell it at a higher price in the future I would say this.. and have it circulated by reuters.

''The Philippines’ top exporter of high-grade nickel ore is expected to shut its mining operations soon as ore deposits at a project in the nation’s southernmost province of Tawi-Tawi are nearly depleted, a ministry official told Reuters.''

If nickel batteries are only to be a flash in the pan..get it out of the ground n sell it now... IF you think nickel car batteries are going to e around for a long time... then hold onto your nickel until the price IS $60/lb..

And by the same the amount of nickel needed in the future will be less per battery.. and maybe our current nickel will supply 6 million car batteries!

$1 on the price of nickel = $3.5B''
So why wouldnt you wait til its $14/lb?
A recession is looking increasingly likely... nobody will build roads now... those holding cash will wait & watch!

Yes.. invest now and wait, just wait for the worlds nickel to be used up.... THEN.. the ''..once-in-generation investment opportunity'' will be fruitful.. we won't make much while the nickel price is $7?

Well thats put the Kibosh on it!

''Wrong board .... as in directors...''

And still no one here has said here what they should!

''cobalt boom and bust...'' not a very cheery read though is it?

Got to agree with hal.. we are about to be acquired, taken over, merged.. call it whatever.. Ry must be 67-68 he has done a good job delivering what AMC set out to do discovering a lot of nickel. While not wishing to scaremonger he's knocking on a bit and did lose a lot of weight a coupla years back. I wish him the best..... I am suspicious that no one has approached with serious intentions and that OUR broker did not mention us last year in that vid on EV batteries & their constituents.. but managed to mention a minor copper business???... well I was suspicious then and still am...
What to do?/
I shall buy into whichever company acquires us!
BTW.. nickel mentioned on Boom Bust this a.m.!

Thanks for proving my point.. coz I don't see the Russians sacrificing their oil industry and current car industry on the campfire of Russian EV car production of about 1200 cars p.a.
What is interesting is that Norilsk nickel production has fallen by 32% since 2008 https://www.statista.com/statistics/533223/nickel-production-of-norilsk-nickel/ while Russian oil production hit an all time high last December.. which 'could' indicate the Russians are getting the black stuff out of the ground into the market asap.. while hanging on to their nickel ''Crude Oil Production in Russia averaged 8408.67 BBL/D/1K from 1992 until 2019, reaching an all time high of 11051 BBL/D/1K in December of 2018 and a record low of 5707 BBL/D/1K in May of 1998.'' with the lower oil price being counter balanced by a cheap rouble. (USD/RUB close:65.23527 low:35.98406 high:82.28121) The devaluation of the rouble is a godsend... (human rights, freedom of the press, democracy etc.. what here in the UK?) ''''The culture secretary has been accused of attempting to “bend the BBC to his political will” after it emerged he plans to have the government directly appoint most members of a new body to run the corporation.
John Whittingdale said only two or three members of a 13-strong unitary board, which would replace the discredited BBC Trust model, would be BBC executives while the rest would be government appointees.
In an interview with the Sunday Times, Whittingdale said: “I don’t think the government appointing the BBC non-execs would compromise their independence.” Guardian.

''Car production is one of the significant industries in Russia.The industry has been in a position to employ approximately 600,000 people in the country. In the year 2016, Russia was ranked 16th among the car-producing countries in the world. In fact, it was able to produce around 1.3 million vehicles which is 1.4% of the global car production ''
And of course there is Russia's oil business!
'' Russia has been described as an oil state. Energy revenues account for 20 percent of the economy and the bulk of its hard currency. The fate of the entire economy often hinges on the price of oil and production limits. Russia is an important source of oil should trouble erupt in the Middle East.

By some estimates every $1 increase in the world price for a barrel of oil earns Russian oil companies $1 billion and provides the government with $250 million to $300 million in tax revenues.''

speedymeadie.. unless you've seen the shoe box under putins bed with all his roubles n gold in it.. there is no proof he has anything much at all..

Uuuugh
''Forbes, the premier chronicler of the world’s wealthiest, doesn’t include Putin on its list of billionaires. In 2015, the magazine said it couldn’t verify enough assets.'' money.com!