Member Info for JulianM

Updated.Hope you will provide your usual analysis TDT

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.

Its a little difficult not to fear the former, given that we are still being kept in the dark as to the results

Perhaps RL,TDT or someone else with fingers on the pulse could express an opinion as to the likely reason for further drilling to take place and whether we should see this development as positive.

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.

Shocking figures indeed but will they improve under Corbyn?

Thanks again Obelix and I will definitely read it

Thanks Obelix.Must have missed your previous post.Have a good day too and if you are UK based hope for a Boris win ,otherwise we will all be worse off financially

Googled "Oil exploitation licence Mongolia" and it came up with Law of Mongolia on Petroleum dated Ist July 2014 ,para 24 of which sets out the requirements to include such items as work plan,budget and deposit of funds required.Anyone know whether this Law is the one currently in force?

I suppose that once they had issued themselves with shares a couple of days before the presentation they were highly unlikely to come up with significant price enhancing news either before or at the presentation

Oxymoron TDT. That sent me scurrying for my dictionary-"contradictory terms used in conjunction" Not intentional on my part but I take your point and I agree with you that all we can really do now is wait and see what lies ahead for us

Reading the comments of RY yesterday anyone unfamiliar with this share could be forgiven for assuming that Riverfort should be viewed as some form of white knight who came to our aid when we were short of funds back in February last year.The truth of the matter is that there were probably abundant white knights in the form of shareholders who when the sp was standing at about 7p would have supported a rights issue at about 5p. 80 m shares at this level would have raised £4m less costs and we would have avoided the painful dilution arising from the Riverfort deal and an ever decreasing sp. Sorry to moan but this issue remains something of a running sore for me and it is not helped by RY in effect taking the line that the end justifies the means.

I share the annoyance of everyone over the lack of transparency here but at least they have paid off Riverfort ,rather than tap them up for more funds,which is what I feared might happen

Riverfort and I for one will not mourn the near end of their 18 month or so suppression of the sp

OTL Thanks-not so good then

Well, the conversion answered my question.They were evidently waiting for the most opportune time to convert and the sudden and as yet unexplained rise yesterday forced their hand.Converted all that they could I think.At least the conversion price of 1.94 or thereabouts should underpin the sp at this level pending news.