Member Info for JoeBass

Opening Stock 248712
Live Warrants 186318
Cancelled Warrants 62394

Down again, albeit only 60 tonnes, but still a reduction.

"I'm hoping to meet a few fellow investors at the next AGM which I should be going to. Do you usually go?"

If you check the times of my first daily posts, you will see they're usually when you're in bed, cus I'm tother side of the globe these days, so distance precludes me from attending, maybe we have a beer together when the fat lady of Amur sings.

Noloss,

All I will say is, you and I had a lot of good banter for a long time on iii, and I genuinely enjoy reading your views, not always in agreement, but mostly we were. We shared many views and opinions.

Noloss,

I said a while back that imo, he abandoned the living document comment, which in turn did not allow for the PFS release at that time, for the reasons highlighted by CBS, if l'm right, then why not say so?

The living document, as we were promised ( there's that promise again ) was intended to deal with updating as we progressed. No explanation again.

I sincerely hope you're right with the so close comment, but right now, RY isn't filling me with confidence.

"we are so close now"

With all due respect, I have been reading that statement from you and others for a very long time.

".investing is for the long term and particularly with AIM stocks"

Nice post TLR2014, flawed, but nice.

What do you consider as being long term ?
And how long have I been invested here ?

"No CEO of a publicly listed company would deliberately make a false and misleading statement without being aware of the consequences." that doesn't mean it doesn't happen.

"Yes we were misled on it's production back in Q4 2017, but I imagine if it had come out then it would have been quite honestly not very good."

Yes, I get that and the rest of your post.

RY communications with shareholders is one of his biggest failings. When you continue to fail to uphold your part of the deal, you lose credibility, misleading statements, umpteen missed deadlines, innuendos, jam tomorrow, failing constantly to keep shareholders updated with previously issued news, just not good enough from a CEO.
Many people make investment decisions based on what the company say, the CEO has to be accountable for what he tells or doesn't tell shareholders.

RY needs to answer some serious questions,

Provide tangible evidence of any value Medea have brought to the company.
Inform shareholders without delay, the situation re, mou with Jinchuan, not one mention since mou was signed in October 2016, nearly 2 years, shocking. I have put this question to AMC a number of times, no reply.
What is latest with Riverfort?
This can go on and on, PFS, road, etc,

All we get is, inuendo, missed deadlines, shocking finance deals, near term/very near future, nothing definitive, all very wing and a prayer. I still believe we were massively misled re PFS, Q4 2017. So far this year, shareholder value destruction.
These issues need addressing ASAP.

Opening Stock 248772
Live Warrants 186498
Cancelled Warrants 62274

Down another 774 tonnes.

BTW Robin Young, your near term, very near future statements, which you have used on numerous occasions over the years, are a real pishhh take and finger in the eye for your shareholders.
Lets have more honesty and delivered milestones, lets start with the PFS numbers and update on Riverfort finance situation.

Opening Stock 249546
Live Warrants 186522
Cancelled Warrants 63024

Down every trading day in August, so far.

Panasonic make both nmc and nca batteries.

"Another reason why Tesla can use two different batteries for its two grid products is because its main battery supplier, Panasonic, makes these types of batteries at low costs."

"At present, LCO (lithium cobalt oxide), the cobalt-rich battery in your iPhone or laptop, still accounts for half the market. This will shift as EVs take off. Tesla is about the only major EV producer focused on the NCA chemistry, a Panasonic creation. However, Panasonic’s future lies in both NCA and NMC.]"

"The Li-ion 21-70 and the older 18650 cells used in Tesla vehicles have nickel cobalt aluminum (NCA) chemistry. For its stationary energy storage products, like the Powerwall and Powerpack, the company uses nickel manganese cobalt oxide (NMC) cells, which will have a longer cycle life, but less energy density. What, if any, chemistry changes were designed into the new 21700 size cell is a mystery. Tesla hasn’t said, but it’s rumored that it added more silicon to the anode to achieve higher charge density.

Battery makers Sony, Efest, Panasonic, LG, and Samsung all make 21700 Li-ion cells. Efest has a 3700mAh cell with 35A maximum discharge rate. The Samsung INR-21700-48G cell offers 4800mAh and 9.6A maximum discharge rate and Samsung has also introduced new “integrated battery modules” intended for EVs. Detailed information on these products is very hard to find at this point in time"

"That's a big ask Joe"

Maybe you're right, but I just have this feeling that when nickel breaches 200k, something extraordinary will happen with the price. You know how irrational the market can be.
2019 is the year exponential growth in EV's is predicted to start in earnest.

Also, I hear Panasonic are leaning more and more towards NMC 811 battery, and you know who they make batteries for.

"For example I expect stocks in the LME at the end of this year to be 180,000 tonnes. Nickel should therefore be about $15,000/tonne or around $6.80/lb if price and stocks correlate with previous levels."

To be honest, I'm expecting the same stock levels, but much higher price per tonne, $20,000 or $9,00/lb is my view.
Back then, 2013 we had no EV revolution taking center stage for battery grade nickel, times are different now.

Opening Stock 249720
Live Warrants 186522
Cancelled Warrants 63198

Down another 828 tonnes yesterday.

Very informative,,,

http://www.theassay.com/insight-2/understanding-battery-chemistries-qa-simon-moores/

Yes, lets hope so, CBS

ATB.

"According to Moody’s, “significant” new-mine investment will be necessary to meet rising demand.

Analysts at the financial services company say that electric car production is pulling ahead of miners digging up vital battery metals

A decline in ore grades and a lack of investment in projects vital for the continued growth of the electric car industry could see production slow just as demand begins to take off, the firm says."

Opening Stock 250548
Live Warrants 188040
Cancelled Warrants 62508

Down again, another 918 tonnes gone yesterday. That's 5,496 tonnes gone in just 6 days of August.

Having extensively gone through all the information available, including some excellent illustrations from RedLee and basic calc methods by others (sasa43) many thanks.

I think most of us will find it extremely disappointing if the PFS does not produce an NPV between $1.7b - $1.9b.
If we base that on 800 million shares, we get a sp of $2.12 - $2.37,
Or in our money, £1.65 - £1.84 @ current rates.
If we use current share issue of circa 650 mill, then upper end is closer to £2.27 ps.

Remember, many analysts are predicting nickel price of $12 - $14/lb in the (lets use one of RY's favorite terms) very near future.
Nickel inventory trend is moving towards potential shortage of battery grade supply.

The EV revolution has just began, with global commitments to achieve zero vehicle emissions, the transition curve will be like the north face of Everest, this is the biggest investment story since the dotcom era.

All the noise surrounding EV's at the moment is about nickel, a commodity that we have in spades, "Kun-Manie now ranks third among the world's greenfield nickel sulphide deposits."

Yet despite all of the above, the market, who know the price of everything and the value of nothing, have us valued @ a whopping £25 million.
I await with bated breath to see how far Mr Market moves us along the value curve, post PFS, of course, a good funding deal will help immensely. (Hope you're listening RY/ Medea)

"Amur Minerals is an exploration and development company focused on base metal projects in Russia’s far east. Its principal asset is the Kun-Manie nickel sulphide deposit, comprising over 1.5Mt of contained nickel equivalent in at least five deposits."

"So far in 2018 Amur has increased its resource at Kun-Manie by 50%, to 1.58Mt NiE at a grade of 1.02% NiE. Significantly, the increase was achieved at a cost of US$30.87/t contained nickel cf Amur's resource multiple immediately prior to the upgrade of US$51.36/t. The increase means that Kun-Manie now ranks third among the world's greenfield nickel sulphide deposits. It will also form an important input into an updated PFS."

"Kun-Manie will be one of the ten lowest cost producers in the world, with C1 cash costs in the range US$2.61-2.77/lb Ni."