Member Info for JoeBass

It time for a pigs ear, or two, I'm off,,,,,,,,,,,,,,,,,,,,,,

I think the final Iken numbers will be known to RY well before the 16th Sept, we should get the executive summary before or instead of mining update.
As Nolos has pointed out, Eastern Economic Forum starting 11th September, we should get it before this, or his very near future comment was another finger in the eye.

Nolo

"Eastern Economic Forum starting 11th September" puts it just over 7 weeks from his mouth. The problem historically has been his failure to deliver on his stated timescales.
Lets hope he doesn't let us down again.

Personally, I would say the very near future is within 4 weeks. otherwise it's not.

"Now 4 weeks into the very near future!"

https://www.dictionary.com/browse/in-the-near-future

https://www.collinsdictionary.com/dictionary/english/in-the-near-future

I know we don't quite meet Norilsk's investment criteria, but would they stand by and watch Jinchuan take this asset, which is still growing, from their backyard ?

Could buy AMC from their petty cash tin, the Russian govt can give special dispensation for foreign ownership of strategic assets.

"Nickel also found support amid strong speculative buying in anticipation of electric vehicle demand and strong demand in the Stainless Steel sector. Another bullish factor supporting the nickel market is that not only is there tight supply now, there are very few projects coming online in the years ahead. "

Electric car costs will fall and nickel demand rise

"Stock Head reported that two major car makers are increasing the amount of nickel in electric batteries which is good news for ASX-listed nickel stocks. America’s General Motors and Japan’s Honda plan to collaborate on “advanced chemistry” batteries for electric cars that include more nickel according to earlier reports from Reuters. The two car makers announced a deal under which GM will supply batteries to Honda which is expected to reduce the cost of electric cars after 2020.

GM and Honda have formed the industry’s first manufacturing joint venture to produce an advanced hydrogen fuel cell system in the 2020 timeframe. The integrated development teams are working to deliver a more affordable commercial solution for fuel cell and hydrogen storage systems.

It has been widely reported that American car giant Tesla and Japanese battery maker Panasonic are phasing out the use of cobalt in their batteries and it appears GM and Honda are also looking to also reduce their use of cobalt.

Cobalt players needn’t worry though the commodity will still be needed in batteries to stop them blowing up, according to experts. Cobalt is a key ingredient in stabilising battery chemistry.

The aim of increasing the amount of nickel, meanwhile, is to cut the cost of the batteries.

General Motors reportedly wants to slash the current USD 10,000 to USD 12,000 price tag in half by 2021.

Investment bank UBS predicts electric cars could offer a “renaissance for the nickel market”.

Electric vehicle demand currently only accounts for about 3 per cent of nickel usage, or 70,000 tonnes.

UBS said that EV battery manufacturing could drive incremental nickel demand up by as much as 40% by 2025.

If EV production grows to around 16.5 million in the next seven years, an extra 300,000 to 900,000 tonnes of nickel would be needed each year depending on the battery chemistries used."

https://amurminerals.com/electric-vehicles-batteries-and-more/

"On the other hand, the rising cost of raw material is increasingly becoming a concern for Chinese battery manufacturers, who have fears that they can’t control the supply chain"

Well you could start by buying AMC.

"Mining companies with exposure to cobalt, lithium or copper can get a boost from the growing demand from electric vehicles"

Yes, we have some of that too.

"Demand for nickel is expected to increase 11-fold in the five years between 2017 and 2025, with the battery sector predicted to become the second largest consumer of nickel after the stainless steel market by the middle of next decade, JPMorgan said."

We have a smidge of this too.

https://www.scmp.com/business/companies/article/2153154/cobalt-lithium-and-nickel-are-booming-due-chinas-insatiable

"A shift of just 10% of the global car fleet to EVs would create demand for 400,000 tonnes of nickel, in a 2 million tonne market. Glencore sees nickel shortage as EV demand burgeons." Ivan Glasenberg, Glencore CEO*

http://horizonteminerals.com/uk/en/electric_vehicles/

"Consumption by the battery sector for electric vehicles may be lagging behind stainless steel, but it is growing at a furious pace," said Anton Berlin, head of Nornickel's marketing department.Nornickel, the world's second-largest nickel producer, said demand for the metal from the battery sector leapt 38 percent in the first half of this year versus the same period last year."

http://www.mining.com/web/electric-car-bets-boosting-nickel-demand-nornickel-says/

18 trading days of August has seen a depletion in nickel inventory of 10,320 tonnes, current daily rate will see sub 200k tonnes by end November.

Opening Stock 245724
Live Warrants 184602
Cancelled Warrants 61122

Down again.

Opening Stock 246534
Live Warrants 184116
Cancelled Warrants 62418.

TDT,,,,,,

"If you have such serious concerns put them to the company and get their view."

You are absolutely correct,,,

I have on more than one occasion, via email in my correct name as a concerned shareholder.
I have received no reply to 2 emails last year and 2 follow up comms , with previous and new concerns this year.

I will not reveal the exact nature of my correspondence as it was sent, private and confidential not to be distributed or published to any third party.

Some of the concerns highlighted have been discussed by many posters here and the ii board in the past.

"We also know RY could have lined up alternative funding soon after the AGM vote on Crede, to finish the DFS, but he chose not to, so exactly when did RY pull the DFS and not tell investors?

This type of feature, which is not isolated (think SGS MET results)"

The above statement is exactly in line with my biggest concern.
I noted the other day, RY has a fiduciary duty to inform all stakeholders of any material changes to those already set out and is responsible for what he says and what he does not say.
Failure to disclose fundamental / price sensitive info falls into the category of misleading. Serious offence if proved.
He is walking a very fine line. Imo, he crosses the line too often.

Opening Stock 247548
Live Warrants 184866
Cancelled Warrants 62682

Opening Stock 248328 Live Warrants 186378 Cancelled Warrants 61950