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some party who can influence the decision I guess
someone who can outwit the pi's
And how is the vote to be determined...by share minority/majority holding or no of investors voting yes/no?
....I genuinely feel for each and every shareholder
.....Kammy
Including the directors?
Wonder if they'll still be holding if the transaction goes thru?
Do they forego the options as well?
Tend to agree SeisNav
Debt funding, interviews, or onto Cyprus?
What say you?
GL
article FYI
https://www.financialmirror.com/2022/02/11/copper-cornerstone-of-electric-vehicle-revolution/
GL
RL
I remember seeing the TB presentation a few years ago.
It's refreshing seeing it again though.
Those with concerns of doing business in Russia jurisdiction need to listen TB views of Russian support, western red tape and Chinese interest....from approx 26m 50s.
GL
Geng
...and what about all the historical exploration & development costs?
Any idea how much would be available for distribution in the event of sale?
At least nothing is certain/settled at the moment.
GL
Couldn't agree more CBS.
Irrespective of the valuation/offer of UP TO £100m
step one is surely having someone to discuss the project, keeping the lines of communication open
in the meantime hopefully the Teo is a day closer to approval and wakes up other potential suitors
Separately Irosta is a Cypriot company and there's quite a few Russian residents & businesses in Cyprus
Perhaps just a waiting game & watch the developments
GL
Mpencoll
...and I wonder how the Times and Zak got wind of a potential offer/valuation?
Thanks for that Amur.
Not sure if I offered much opinion just extracts which I found useful anyway.
Anyone will make their own mind up what it (doesn't) means anyway....just don't shoot the messenger eh!
Perhaps the Eastern Economic Forum in September might offer light on potential investment if by any chance there's some movement on the TEO.
Again who knows.
Patience required that's all.
GL
Thanks for sharing Amur.
With a bit of difficulty (as it's a pdf) I've managed to locate a couple of other extracts which might be relevant.
P195
PROSPECTS FOR THE DEVELOPMENT OF THE NICKEL INDUSTRY IN RUSSIA The scale of the
existing raw material base makes it possible to increase nickel production by involving in the development of new facilities. In 2019-2020, 14 sulphide and four silicate sites were prepared for development.The largest projects in terms of planned production are being implemented on the basis of the Cherno-Gorskoye, Maslovskoye, Norilsk 1 (southern part), Kingashskoye and Verkhnekingashskoye copper-nickel deposits. (Krasnoyarskoikrai), Kun-Manye (Amur region), Yelanskoye and Yolkinskoye (Voronezh region) (Table 2, Fig. 8).
P197
In the Amur Region, the company CJSC "Kun-Ma-nye" (part of Amur Minerals Corp.) has completed the exploration of the Kun-Manye field. Under the terms of the license agreement, the company must prepare a feasibility study of the project by December 1, 2022; The technical project for the development of the field must be approved no later than June 2023, the timing of the start of development and the release of the enterprise to full capacity will be determined by the project. According to the company, ore mining is planned to be carried out first by open-pit mining with the subsequent connection of sub-terrestrial mining of deep-lying ore heaps. The feasibility study being developed will include the preparation of selective copper and ni-cell (with associated cobalt) concentrates together with a single collective, as foreseen in the feasibility study of temporary conditions. After reaching the design capacity of the GOK and returning the initial investment, the company plans to work on production solutions aimed at obtaining products with higher added value. Such may be the construction of a metallurgical combi-nat (suspended smelting furnace) for the processing of cobalt-containing nickel concentrateas by obtaining matte, which will increase the value of the final commercial product. The project of development of the locality has the status of an investment regional project.
Also table 8 on p196 suggests "potential project activivity" from 2024 as long as timescales aren't shifted but could it also refer to start of road & mine construction only ?
At least the company's been able to foster Russian support for the project but may take time to finalise some financial input.
GL
NB
Don't know about you but the context of the report suggests it pre-dates the TEO submission.
FYI
https://english.chosun.com/site/data/html_dir/2021/12/14/2021121401158.html
Does this mean "Do we really need nickel and where would it come from?"
https://www.miningweekly.com/article/us-sees-nickel-and-zinc-as-critical-minerals-potash-falls-off-draft-2021-list-2021-11-11
FYI
https://seekingalpha.com/article/4464200-nickel-miners-news-for-the-month-of-october-2021
At least a mention of AMC
TD2 apologies for delay in posting.
It's taken a few days to read that tome but agree with you there on section 6.3.
Will be interesting to see how much more price volatility and substitution takes place.
The report certainly emphasises what we already know i.e. price volatility, supply constraints, lack of mines and timescales to production and in a roundabout way mobilising finance (sect 1.5).
In summary it seems the report (aimed at a different audience) underlines AMCs requirements whilst throwing doubt on world governments ability/desire to achieve NZE 2050 without substantial financial commitment.
Try this Seisnav
https://www.mining.com/web/zambia-announces-mining-tax-breaks-pares-deficit-in-2022-budget/
This may have been posted before
https://www.mining.com/web/big-miners-reconsider-congo-zambia-risks-as-copper-price-surges/
Useful article underlining demand for copper & other metals if carbon neutrality is to be impacted
https://www.mining.com/cop26-will-be-a-colossal-mining-cop-out/
Worth a read in my opinion .
Especially refers to demand for mines , metals & unlikely prospect of carbon neutrality by 2050.
Politicians eh!
https://www.mining.com/cop26-will-be-a-colossal-mining-cop-out/
TDT
"It might take some time for the spotlight to swing to a project based in the far east of Russia but as everything else gets snapped up it will be one of only a few left."
Smacks of reluctance to do business in Russia... significant potential projects in "known jurisdictions" are likely to be snapped up and leaving one of the bigger ones on the shelf?
.... I don't think so myself but you never know.
Thanks TDT....missed that.
Looking at Pallinghurst website they seem to be punting for Canada in a big way
https://www.pallinghurst.com/2021/10/pallinghurst-to-acquire-a-19-2-interest-in-talon-metals-corp/
https://www.mining-technology.com/news/magnesium-curb-price/