Member Info for JoeBass

https://www.bbc.com/news/business-45326748

GB33,,,,,,

When I was looking at this stuff last week, this document wasn't there,,,,,,,,,,,,,,,,,

Am I reading this wrong ?,,,,,,,,,,, have we secured RUB 12 bln ?

"Development of Kun-Manye copper-nickel field in the Amur Region: aggregate
reserves – 1 mln tonnes of nickel equivalent
▪ Total investment – RUB 72 bln, co-financing in the amount of RUB 60 bln required,
IRR – 31%"

What does this mean ?,,,,,,,only RUB 60 bln is required from total investment RUB 72 bln

GB33,

Sorry, didn't see any.

https://assets.kpmg.com/content/dam/kpmg/ru/pdf/2017/10/ru-en-far-east-support-mechanisms-for-investors.pdf

INVESTMENT OPPORTUNITIES IN THE RUSSIAN FAR EAST

Mining section starts page 8, and Kun-Manye is highlighted on page 11

"Infrastructure
▪ Construction of the necessary infrastructure for the investor is
subsidised by the state on a non-repayable basis",,,,,,,,,,,,,,stated on page 8

http://ru-eu.org/upload/FEIA%20Investment%20opportunities%20in%20the%20Russian%20Far%20East%20EEF.pdf

(ASEZs)

ASEZs are a new form of support mechanism allowing investors to
implement projects in priority areas of the Far East, such as agriculture
and fisheries, transport and industrial production, mining and tourism.
The use of measures aimed at developing the regions, simplifying
administrative procedures, and establishing clear tax mechanisms make
ASEZs in the Far East best practice in creating an attractive business
environment, confirmed by growing interest from investors.

ASEZ residents are given the best conditions to develop, along with competitive
business environments. Thanks to the establishment of the “one-stop service“
system, management companies, and improvements made to the procedure for
obtaining permits, the indicators relating to administrative burdens, connections
to electricity and the ease of obtaining construction permits in the ASEZ of the
Far East are significantly lower when compared with other regions in the Russian
Federation and countries in the Asia-Pacific region

The ASEZ tax regimes provide the longest tax holidays in Russia, allowing
businesses to operate with a minimal tax burden for the period of time
required for a project to become profitable and for the following 5-10
years. This significantly reduces the project’s implementation time and
payback period, increases its profitability, and the declarative procedure to
get VAT refunds makes it possible to significantly increase the turnover of
funds for capital-intensive projects.

ASEZ preferences are provided in a number of
areas
General tax incentives:
0-5% — income tax for the first 5 years after profit is first
made; 12-20% for the next 5 years
0% — property tax (this preferential tax rate and its term
are set by the regional authorities)
0% — land tax for 3 years (this preferential tax rate and its
term are determined for each ASEZ by local authorities)
Benefits on payments:
Conditions: at least 90% of revenues must come from
the activities under the agreement to implement activities
in the territory of ASEZ, and there must be separate
accounting
Benefits on payments to extra-budgetary funds
7.6% — reduced insurance contribution rate for 10 years
from the date this status is obtained
Notification procedure for obtaining tax benefits
Benefits can be claimed via tax returns; no approval or filing
of additional documents is needed
Accelerated VAT refunds
10 days — declarative procedure for VAT refunds
(a guarantee agreement with the management company
should be in place)
Customs benefits
Free customs zone (duty-free and tax-free import and
re-export)
Financial support
Funding the construction of ASEZ infrastructure out of state
budget funds
Industry tax incentives (for the mining industry)
0—0,8 — The deminisher for the MET, which
characterize the territory of mining (Dtm), during a period of
10 years

https://assets.kpmg.com/content/dam/kpmg/ru/pdf/2017/10/ru-en-far-east-support-mechanisms-for-i

"State Council Presidium meeting on the comprehensive development of the Russian Far East"

http://en.kremlin.ru/events/president/news/55544

"More optimistically, it could be brand new information released to the media i.e. 'significant news'."

You cannot release significant news to anyone without informing shareholders via RNS first.

Its a bank holiday in th UK, market is closed.

"Amur Minerals starts work on access road to Kun-Manie project"

AMur Minerals said this step is the first in a three-component process to earn long-term access to the site of the huge nickel/copper project
Amur Minerals Corporation (LON:AMC) has appointed road design group Cevi Construzioni for the 350km road from Ulak, on the Baikal-Amur rail line, to its Kun-Manie project in Far East Russia.

The AIM-listed firm said this step is the first in a three-component process to earn long-term access rights to the site of the huge nickel/copper project.

Robin Young, Amur’s chief executive, added Cevi Construzioni is a Russian Federation certified road design group, familiar and experienced in the region having worked in both permafrost conditions and as a subcontractor on nearby projects including the Elga Coal project to the north of Kun-Manie in the Sakha Republic (Yakutia)."

“The access road has always been a key variable in ensuring that we can successfully mine the largest undeveloped nickel copper sulphide deposit located immediately adjacent the three largest international nickel consuming nations of China, Japan and Korea.

“This road will allow Amur to deliver concentrate into the rail system for delivery to market and the ability to supply and support the planned operation.”

If you're invested in AMC and want to know more about the region, take a look,,,,

http://ru.investinrussia.com/data/image/regions/Passport-of-the-Amur-Region.pdf

Yes Noloss,

If, he releases news that raises the sp to reflect somewhere near fair value, including PFS numbers, then yes, that's acceptable.

This media event is a little baffling though, if there is significant news that he is aware of, should that not be RNS's, surly it must be price sensitive, he does have a duty to formally inform shareholders via RNS, asap of any such news.

Hi Noloss and Max My concern along with many others I suspect is, we were promised exec summary in very near future a few weeks ago, that time frame has now passed. We were told end of Q4 2017 for PFS, and nearly a year on he is now avoiding the issue of PFS when questioned. You can not keep doing this to investors, he knows as we do, right now everyone wants the promised PFS. If the media event does not include the long awaited PFS, then the media event turns into a media let down. People are investing money in this company, based on what the CEO states. You can only mislead investors for so long. This continued failure to deliver promised news or info is becoming an all to familiar trait. Lets hope he delivers on his previous promises this time. His reputation is on the line imo.

Quite a few posters over on advfn think PFS will not arrive this year, if that's the case, RY's credibility will be shot to oblivion unless he provides the executive summary with all the unaudited numbers, as promised.

Opening Stock 242604
Live Warrants 181206
Cancelled Warrants 61398

Nice, another 948 tonnes went yesterday.

IMO, nickel inventory in LME will fall below 200k tonnes before end of October.

max2mentor,,,,,,,

"I haven't heard anything recently on the potential bifurcation of nickel price so there's a premium on ev nickel...have you ?"

No, but I'm sure it will happen at some point.

Every article you read about EV's there is one stand out feature, Nickel.

All the experts, analysts, mining gurus, automakers and battery makers are to a man saying, we are rapidly marching towards a shortage and there is a gargantuan need to procure copious amounts of more battery grade nickel. All this is needed for now and for the foreseeable future, to avoid a critical crunch.

Yet despite the above, nickel stocks and prices are falling in tandem. I think the time is fast approaching where we will see the arrival of the nickel straw that shatters the camels back, to send these 2 anomalies in opposite directions.

From another thread, but really sums this board up and my feelings too,

"Some say this share price will rocket,
but others would much rather more knock it,
I’ve been here ten years
and shed many tears,
It’s about time I had cash in my pocket?!"