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I don't understand the mechanics but the last two give the impression that they were orchestrated so as to facilitate the placings.And the current rise? I can only assume from what AH said that it is likely to be leading up to our takeover of an income producing company whose shareholders will be offered AMC shares for the shares in their company.If I am correct, the near future direction of the sp may very much depend upon how good a deal AH and others who are involved have negotiated for us
Yes,very interesting find but giving out mixed messages.The fact they have been engaged at all means that we are not already lined up to announce a farm in immediately after the Licence is issued which is what I had hoped for.Also no new wells to be drilled until next year but in the interim I assume we will at least extract oil from our existing well so as to produce some income.
As to the Licence, I assume that we are still waiting for The Reserves Report to be approved ,at which point we will have the Plan of Development ready to submit.Presumably this is the final step leading to the issue of the Licence.So how much longer do we have to wait.Peterlee expressed the opinion that the issue of the Licence by the end of the year would be a good result but surely it can be dealt with quicker than that.
We are not that far off from 6 months from The First Issuance Date when Atlas will have the option to convert. If it is going to be possible to raise funds so as to repay Atlas before then I think I am right in saying that we do not want the sp to be over .24p at the date of repayment,otherwise it will cost more to repay. Question is will the funds be raised? I would have thought this is unlikely unless the mine is operating, which it might just be.
It may have been small but only one of very few occasions that I can remember when an RNS has resulted in a rise and the high volume should have enabled any recipients of the placement shares wanting to take a small profit to make an exit.
Nice thought but as has been posted previously we may not meet their criteria. Also it was Lou who professed to have good connections with Norilsk and he has left, which could be construed as indicating that negotiations with Norilsk are not anticipated.
I have doubts whether imminent news re diamonds or commencement of production at BP would be the cause of some 2 billion shares changing hands and wonder whether the more likely outcome will prove to be some form of re-financing with shares being traded in advance .
RL you may not have had any replies but I would be surprised if your posts have not been read my many who,like me, are highly appreciative of your detailed analysis but lack the technical knowledge to add anything meaningful to the debate.I would also be surprised if RY does not continue to read them because he admitted to doing so a couple of years ago at a general meeting which I ,so please do continue.
Perception seems to be that production will not start until equipment from China arrives yet in the 16th December rns it was indicated that initial trial production would commence shortly.My understanding was that existing equipment had been repaired so that we would have one production line ,with the Chinese equipment providing the second.So have we been misled on this one as well? I not I would have expected news by now on the trial production and if successful subsequent commencement of full production.
As usual plenty of intelligent discussion going on and I for one very much appreciate all contributions. Also suggest that it is worth a visit to the HZM bb where a similar situation prevails and in particular there is a link to an interesting Crux interview on the subject of investment in nickel and nickel projects
Very strange in my opinion.If the warrants were linked to the fund raise why was the existence of this benefit to the investors not mentioned in the November RNS? If there is no automatic right to warrants why have they be granted now? Is it a sop to the investors who are not happy about how their investment is faring? If the latter well I like most of us are in the same position so can I have some warrants please as well.
As per 31.12 RNS they were" reviewing the Reserves and MET results and accompanying reports before accepting them" Anyone have any idea how many pages of data etc the review is likely to have to cover and whether 5 weeks on from the RNS the review ought to have been completed ?
Also is it reasonable to assume that if the review throws up matters that the BOD believe to be inaccurate they would have the right to raise queries,which of course could lengthen the whole process.?
A cynic(of which I am not quite one as yet) might suggests that supposing the figures do not meet market expectations(whatever they may be) what better day to disclose them than New Years Eve when the markets are quiet.
From memory I think it was TDT who mentioned some time ago that there is often little correlation between stock level trends and the price of nickel in terms of rising stock levels causing a drop in the nickel price and vice versa.So it has proved recently with the price declining as levels dropped and for the last 10 days or so rising as whoever was panic stockpiling nickel presumably decided that they had over reacted to the threat of nickel shortages and dumped a fair chunk back in the LME causing stock levels to almost double.