Member Info for JoeBass

Moneymam.............

"Hope there is some substance to Mr Young's latest hints on the podcast and it is not just a ploy to help Riverfort off load their latest share allocation."

I see you got 4 thumbs up for that comment , just shows that there is a feeling of unease and suspicion about RY's comments. History does tend to have a nasty habit of repeating itself.
I sincerely hope you're wrong, but we are now past, very near future for the executive summary and no mention of PFS in the dialogue around media event.

He is quite adept at using emotive language.
I hope this media event provides all that RY has been recently promising.

17 straight trading days in August, all of which have seen reducing nickel inventory at the LME.

12,492 tonnes gone in 17 days, average 734.8 tonnes per day.
If that continues it's only 59 trading days to sub 200k and that's when I believe nickel price will start a steep climb.

Russia needs batteries ,,,,,

"Russian manufacturing firm Kalashnikov has wheeled out a retro-looking electric car it says will give Elon Musk's Tesla a run for its money."

https://www.bbc.com/news/world-europe-45292028

Opening Stock 243552
Live Warrants 181320
Cancelled Warrants 62232

Down again.

oooops, typo, That's approximately 4.38p,

Should read 3.38p

"Company has today issued 3,766,649 new ordinary shares of no par value of the Company ("Ordinary Shares") to Cuart Investments PCC Ltd and YA II PN Ltd in settlement of US$165,101 of principal and accrued interest."

Thats approximately 4.38p

Asabutchersdog

I have been very critical of RY on many occasion, not for his efforts in the field, but more to do with communications.
I also attribute some blame at his door for the current sp, but I will leave that issue alone for now.

Over the years many have talked about the magical £1 ps, well for that to happen we need to 25 bag from here, is anyone aware of a recent 25 bagger ?
If it does come to pass that we stay the course to achieve that magic number, then this is where you can buy pound coins for 4p.
Happy days... ;-)))

"It mines nickel-copper-cobalt ores"

Hmmmmmm, that's a shame, if only we had some of that and we were located near China,,,,,,,,,,,,,,errrm, hang on a mo,,,,,

"Importantly, the company is a fully-integrated nickel and cobalt producer. It mines nickel-copper-cobalt ores in Gansu Province and in 2016 started a new joint venture, China Greatpower Jinchuan, having purchased assets belonging to Zhejiang Galico Cobalt & Nickel Material. Outside China, Jinchuan Group owns 75% of cobalt and copper producer Ruashi Mining in the DRC through its Metorex subsidiary. It also holds a stake in the Ramu Nico operation in Papua New Guinea."

and hopefully soon reads,,,,,,,, Takes a majority stake in AMC.

" which will decide whether both companies could work at the Kun-Manie nickel, copper and sulphide project"

Yes, and ????

"Jinchuan's technical team will assess its potential for assisting Amur in the development of its flagship project."

Yes, and ????

"China's Jinchuan eyes new nickel, cobalt project to tap electric vehicle boom"

Not us, but read.

http://www.mining.com/web/chinas-jinchuan-eyes-new-nickel-cobalt-project-tap-electric-vehicle-boom/

"LONDON--Amur Minerals Corp. (AMC.LN) shares soared 21% on Monday after the company said it has signed a deal with Chinese Jinchuan Nickel & Cobalt Research and Design Institute, which will decide whether both companies could work at the Kun-Manie nickel, copper and sulphide project.

The deal will involve the engineering, design, procurement and construction activities of the parent company Jinchuan Group and Amur's main project, Amur said.

Amur said the deal is the beginning of a due diligence period, during which Jinchuan's technical team will assess its potential for assisting Amur in the development of its flagship project."

We have had zero update here, I wonder why...............

"The Chinese market expanded by 72 percent over the previous year in 2017, solidifying China’s leadership position in EV sales. The country now has a larger EV market—primarily BEVs—than Europe and the United States combined. With a sales share of around 94 percent, domestic OEMs currently dominate the Chinese EV market."

https://www.mckinsey.com/industries/automotive-and-assembly/our-insights/the-global-electric-vehicle-market-is-amped-up-and-on-the-rise

"Electric vehicles will grow from 3 million to 125 million by 2030, International Energy Agency forecasts"

https://www.cnbc.com/2018/05/30/electric-vehicles-will-grow-from-3-million-to-125-million-by-2030-iea.html

“Our latest forecast shows sales of electric vehicles (EVs) increasing from a record 1.1 million worldwide in 2017, to 11 million in 2025 and then surging to 30 million in 2030 as they become cheaper to make than internal combustion engine (ICE) cars. China will lead this transition, with sales there accounting for almost 50% of the global EV market in 2025.”

https://about.bnef.com/electric-vehicle-outlook/

The current sp highlights how twisted the worlds most advanced financial instrument is. Is it the tech side or is it human interference ?

I guess it's a combination of both, wherever money is to be made, there is always a person/s and or system in place to relieve you of your money.

Does manipulation exist in the modern day stock market ?....... you bet your ass it does.

The discord between company value and asset value is quite frankly, grotesque.
The market knows the price of everything and the value of nothing, is never more prevalent than here.

We are on the cusp of what should be transformational news (PFS) where many believe a NPV in excess of $1.5 billion will be attributed to the company. That would suggest an sp of circa, $2.30 or £1.79.

We see examples of sp values against NPV of between 25% - 50%,,,,,,,,,, so at 25% of £1,79 we should see 44.75p,
yet here we are at less than 4p. The figure of 44.75p represents an 11 bagger.
How can the market be so far out at this juncture, even with all the known knowns ?

A system designed for the wealthy by the wealthy and us lowly pi's will very rarely get a chance. Lets hope this is one of those very rare opportunities.

AMC has been a long journey for many here including myself, but a journey that will never be undertaken again, this stock market road has way too many land mines and booby traps, and if they don't get you, they will nail you from 5 miles away with a drone, you don't even see it coming.

Opening Stock 243666
Live Warrants 183264
Cancelled Warrants 60402

Nice drop yesterday, 1,428 tonnes, at that rate, stocks would go sub 200k in 30 days.
That's 12,378 tonnes this month so far.

The last 3 days, nickel made good early gains only to lose them and some after the yanks wake up.

"the current valuation is comical."

Now that young man is the understatement of the year.

"Nice tease re future share purchase plans "or maybe we won't need it!" (He's a master at these)."

I have had a feeling for some time now about Jinchuan, they been involved in the background for some time.
Don't be surprised if they have told RY to get to a certain stage, then they will take it from there.
What that stage is or when, only they know, but they would have no problem getting KM into production in the next 24 to 36 months.
I maybe miles off, but it really is a good fit, politically, geographically and bang on time for the expected exponential growth of the EV boom.

Opening Stock 245094
Live Warrants 182946
Cancelled Warrants 62148

Down again. ;-)