Member Info for JulianM

Thanks Geng. Much appreciated as I followed your lead and bought some more sub 1.4p

On dummy sell and buys just been offered on HL 1.412 to sell and 1.405 to buy.That aside we appear to have bounced off Geng's critical support level of 1.3 which I take as a positive

Hopefully will be confirmation that the Plan of Development and Exploitation Area have been agreed and the Licence Application finally submitted to the Minister of Mining and Heavy Industry. So I wonder whether he will simply rubber stamp
it or raise queries and how long this process will take. For once could this be dealt with expeditiously or are we faced with further long delays ? Difficult not to fear the latter which probably explains the turgid sp but I for one do feel we will get there at some point in the next say 2 to 3 months

Shame on you both for your ridiculous comments about one of the most valuable contributors to this bb

Soley. Would be interested to see your calculation please

In the absence of any comments and in attempt to answer my own question I carried out a little research which revealed that typically copper concentrate contains about 25% copper by weight.However it is far from the finished product.So a tonne of concentrate must be worth less than 25% of a tonne of copper.How much less I don't know but if it were as much as 50% our 493 tonnes of concentrate would be worth about $1200 per tonne ie about $591600. Very happy to be corrected by anyone with more knowledge of this subject than I have,which gives plenty of scope for contributions

Has anyone made an educated guess regarding the likely sale proceeds of the 493 tonnes of concentrate?

Ridiculous spread currently on HL. 0.81 to sell and 0.97 to buy.Not likely to stimulate much activity

Thanks TDT. That all makes sense to me and I am happy to run with it

TDT. This appears to be your view and if this is the aim of the bod I wonder whether the plan has changed since Adam was appointed in that he said that the next step after the TEO is lodged is to secure a binding offtake so as to fund the BFS. If the for sale sign is to be hung up after we have the TEO and reserves figures am I right in thinking that a binding offtake could actually deter some potential purchasers in which case we would only go down that route if a purchaser could not be found.?

In the past AMC was very much a leaky ship and if there really is an NDA in place things must have changed. As ever it is difficult to get too excited despite the attraction of the scenario proposed by Hughes and for which I for one am grateful. I do however bear in mind the comment of TDT about being careful what we wish for in Abromovich. Same could apply to other Russians who take an interest

Thanks TDT. Very wise words I feel .

One potential positive I suppose is that contrary to speculation the bank really did require Vast to raise funds which is why cash is being preserved rather than paying Atlas anything

Posted on Vast BB. Picture of JC and AP in Harare

Hi RL. Very balanced summary,as ever and much appreciated.

I was wondering whether you have analysed the NRR project in terms of it's likely Stage 1 profitability at current iron ore prices so that we can assess how much profit could be available to put towards stage 2. Also what chance Glencore providing the rest of the capital in return for an offtake on Stage 2 ?

If we hear nothing else in the short term,at least we may be informed that the second interest payment,due on the 31st December has been received. RNS re September payment was released on 7th October.
As to whether this proves to be the brilliant long term investment that AH claims it to be ,surely much depends on how the funding of phase 2 is achieved. RL is correct to caution that a daunting amount is required

TDT His status may have changed but as President,theoretically at least he is the second most powerful person after Rl and again theoretically because we don't know exactly how it operates within AMC "tasked with providing strong leadership for the Company by working with the Board to establish short and long term goals,plans and strategies and presiding over the entire workforce ,managing budgets and making sure resources are allocated properly" ,to quote from the web.I for one am very happy that he remains in the position of President ,although still intrigued as to why he was voted down as a Director and who was responsible.

Thanks Geng.

Hi Geng,
Your reference to a GAP has been made on many occasions and I can see from the way that you have traded AMC that your methods have served you well.If you can take the trouble to explain how GAP'S arise and their significance I would be most appreciative,because at present I am struggling to get my head around this

Hi MD,
I fully agree with you.We need clarity and quickly.
Happy New Year to you as well and all other long suffering contributors