Member Info for Hughez87

Amur’s Twitter update...
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Will we hear off take news soon??
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“The company added that its focus will be on the execution of Binding Offtake Contract(s) and funding of the mutually supportive Russian and Western Definitive Feasibility Studies." - Take a look back at last weeks news via @proactive_UK #AMC $AMC

"Iron ore's $100 billion surge a remedy for COVID-19." Australia's annual iron ore export revenue is poised to crack $100 billion – a record for any commodity – as prices of the steel-making ingredient surge. #UFO #Gold #Silver #IronOre

https://www.afr.com/companies/mining/iron-ore-s-100-billion-surge-a-remedy-for-covid-19-20200608-p550i9

This could be interesting

@Share_Talk has been in contact with @amur_minerals PR team over the weekend and we are trying to arrange a podcast/webinar Q&A #AMC shareholders submit questions, let see

I am no expert at charting but I do enjoy those that are and their insight into possible SP movement.

Seen this on Twitter and it suggests we are now at the floor and ready for a bounce back with the low 3s the next resistance target.

That does not factor in expected good news in the near future

https://twitter.com/mrpostman28/status/1301754186556735488?s=21

Good post TDT

An interesting article.....

https://www.amm.com/Article/3949491/Nonferrous/Chinese-firm-lands-battery-grade-Ni-Co-supply-deal.html

Chinese firm lands battery-grade Ni, Co supply deal

Chinese battery materials producer GEM has signed an eight-year nickel and cobalt supply contract with Indonesia's Halamahera Persada Lygend (HPAL), starting from 2021.

This procurement scheme, seen by Fastmarkets, specifies eight-year totals for battery-grade nickel and cobalt raw materials, with nickel content totaling no less than 74,400 tonnes and no more than 178,560 tonnes and cobalt content at a minimum of 9,296 tonnes and no more than 22,320 tonnes.

The per-year breakdown for nickel amounts to 9,300-22,320 tonnes (nickel contained), while the annual total for cobalt by-products is 1,162- 2,790 tonnes (cobalt contained).

“With the booming of global [electric vehicle, or EV] market, high-nickel and low-cobalt batteries will become the trend... [This] agreement will help us secure nickel raw materials to meet our growing [needs],” GEM said in a filing to Shenzhen Stock Exchange on September 2.

HPAL - a joint venture between China's Ningbo Lygend Resources & Technology Co and Indonesia's Harita Group - has a planned annual output of 240,000 tonnes of nickel sulfate and 30,000 tonnes of cobalt sulfate products in Indonesia.

The EV boom has sparked growing investor optimism for more nickel consumption and, in July, the United States EV producer Tesla’s chief executive officer, Elon Musk, called for a ramp-up in global nickel mining to match his company’s production ambitions.

Could these or similar be a regular site in our new low carbon and environmental friendlier cities....sporting a high Nickel NCM battery supplied by the same supplier as Nissan (LG Chem)
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Swedish Startup Unveils Electric Truck Design for London, Paris
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Electric trucks and vans are drawing increasing interest from traditional vehicle manufacturers such as Daimler AG’s Mercedes-Benz and Volvo AB looking to compete with projects by Tesla Inc. and Rivian Automotive Inc. They are responding to demand from companies like Amazon.com Inc., which last month agreed to buy 1,800 electric delivery vans from Mercedes to cut its European carbon footprint.
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A GOOD TIME TO BE SITTING ON A ONE OF THE WORLDS LARGEST CLASS 1 NICKEL SULPHIDE DEPOSITS.
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https://www.bloomberg.com/news/articles/2020-09-03/swedish-startup-unveils-electric-truck-design-for-london-paris

Decent Economic Times Article

https://m.economictimes.com/markets/commodities/views/shift-to-infrastructural-spending-evs-likely-to-drive-nickel-higher/articleshow/77887274.cms

While the growing surplus was a considerable headwind for Nickel, rising stainless steel production layered the base for recovery. As per the International Stainless Steel Forum (ISSF), Stainless steel segment, the major Nickel consumer, witnessed an 8 per cent drop in output in the first quarter of 2020 (China’s output fell around 9 per cent) as the Covid-19 pandemic shackled the global economic activities.

However, as China revived from the pandemic lows, enormous stimulus measures were infused to help get the economy back on track. Markets expected China and all the major economies to boost the infrastructural spending in an attempt to combat the pandemic triggered slowdown, in turn increasing the demand outlook for steel. Despite a 9 per cent year on year increase in China’s crude steel output in July, imports of steel materials surged to 2.61 million tonnes, indicating a jump in domestic demand which uplifted Nickel prices. While the stainless steel segment continues to be the demand driver for Nickel, the Electric Vehicle (EV) markets are soon expected to steal the limelight. With the world moving towards green transportation, demand for Electric vehicles is expected to proliferate in the years to come.

Some HUGH late trades showing now.....going to an interesting end of week and weeks ahead for AMC :)

#IronOre Prices at 6-Year High as Demand in #China Soars.
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#Ironore has been on a roll, gaining nearly 34% year to date. Prices of the steelmaking commodity have surged above $125 per ton for the first time since February 2014 @amur_minerals
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https://twitter.com/share_talk/status/1301100644758061057?s=
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Excellent timing for Amurs Iron ore investment. :)
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SP and volume looking good today.

Reluctantly sold these today. There are other shares out there for near term gains. My choice was Amur Minerals (AMC). They have had some good news recently and sitting on one of the biggest drill proven Class 1 Nickel deposits in the world. Big chance of a re-rate also, way undervalued. Check this out for anyone interested.

https://youtu.be/lBiX2ujgqeY

DYOR and GLA

Falling production, increasing demand push nickel prices to a nine-month high.

And Ken Hoffman, co-head of EV Battery Materials Research Group/Basic Materials Sr. Expert at McKinsey & Company, said in an interview with Kitco News that demand for high-grade nickel is increasing because it's such an important part of electric car batteries.

"Nickel is really, really good at holding electrons," Hoffman said. "And so we've seen batteries add more and more nickel at the expense of other metals, particularly cobalt. And as you put in more and more nickel, you can get longer range batteries, you can get batteries at actually recharge faster."

https://northernontario.ctvnews.ca/falling-production-increasing-demand-push-nickel-prices-to-a-nine-month-high-1.5082140

#IRON #ORE the place to be . It’s soaring. Now at 6 year highs. Most of the stocks at 6 year lows almost. The gap will close soon between share prices and Ore Prices. Don’t be late to the party
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AMC have timed their Iron Ore investment to perfection. Many predict their mine is timed perfectly for the EV revolution and forecasted Nickel deficit. Lets hope so.
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https://finance.yahoo.com/amphtml/news/iron-ore-prices-6-high-123712494.html#click=https://t.co/8U8M3R4xHv

Banks see higher iron ore prices
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MACQUARIE has significantly boosted its iron ore price forecasts, leading to earnings upgrades of 30-50% for BHP, Rio Tinto, Fortescue Metals Group and Mineral Resources for the 2021 financial year.
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The MySteel 62% Australian iron ore fines price hit a six-year high of US$128.50 per tonne this week.
Macquarie has lifted its forecast for 2020 by 14% to $105/t, and by 27% to $100/t for 2021.

"Sustained strength in Chinese steel demand driven by construction, infrastructure, and real estate, combined with a weaker supply recovery from Brazil, has transformed the supply/demand fundamentals for ironore, With deficits now forecast through to CY22," it said yesterday.
The stronger forecasts has led to FY21 earnings upgrades of 29% for BHP, 45% for FMG, 47% for MinRes and 74% for Mount Gibson Iron.
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Nice timing for our investment and now owners of 19% of a substantial iron ore producing company. First 194,000 tonnes of stockpile available to ship from October 2020 :)
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https://www.miningnews.net/bulks/news/1393901/banks-see-higher-iron-ore-prices

Via Amur’s Twitter
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https://www.mining.com/new-nickel-price-launched-as-attention-shifts-to-green-supply/
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The #nickel price jumped once again, holding onto nine-month highs as focus in the industry continues to shift to supply of the metal for the #EV market #AMC $AMC $nickel #ElectricVehicles #KunManie via @mining

Given Adam's contact with them and the shear scale of our asset I can't imagine it not being Glencore. Successful operations at this new Iron Ore project can only help improve this relationship. I do have a feeling that Amur will have discussed favorable terms for our Nickel with Glencore in return for the foot in the door on this JV Iron Ore Asset. Even if such discussions have taken place, Amur shareholders will be more than well rewarded in any final deal for our asset. 1.58 Million Tonnes of Drill Proven Class 1 Nickel Sulphide @ what could be 16-25k USD per tonne. The 2018 Drill results could very well increase this and I think we will know this very shortly now that we are more 'secure' with an investment in 'safe' territory and Glencore link up.

This link works
https://www.abc.net.au/news/2020-08-24/fmg-results-deliver-andrew-forrest-near-1.2-billion-payday/12589306

Seems like Iron Ore in Australia is going strong and AMC have made a very wise investment getting involved to provide a secure cash flow to get their huge Kun Manie Nickel mine going....
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This is the power of big iron ore in Australia. Great future for Macarthur Minerals and their Moonshine iron ore. FMG results deliver Andrew Forrest close to $1.2 billion payday despite coronavirus pandemic - ABC News abc.net.au/news/2020-08-2… @macminltd @CamMcCall #MMS

A more up to date article relevant to this year.

Iron ore prices have soared to multi-year highs this week as Chinese government stimulus spurs infrastructure building, boosting prices of the commodity even amid a global pandemic.

In July, China imported a record 112.65 million metric tons of iron ore, a rise of 24% from a year ago and up 10.8% from June, according to customs data.

China imported 11.8% more iron ore in the first seven months of this year as compared with the same period in 2019, Reuters calculations show. China also produced a record amount of crude steel in July.

https://www.cnbc.com/2020/08/21/iron-ore-prices-hit-multi-year-highs-on-china-infrastructure-investment.html

Apologies...a bit out of date