Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
CS
Agree with you on assay numbers. If RY says they've still got 8/10 holes to be drilled up to end Sept(drill season) the results as you say aren't likely to be confirmed until say late Oct/Nov at the earliest.
Their target is surely just to confirm 1m tons of nickel only reserves (measured & indicated) (and excluding by products) hence the additional step out to compensate for the 100m gap he mentions (for finance purposes).
This in my view is no bad thing.
So (as he's talking of 2019 plans and road news) unless there's any other newsworthy issues it'll be carry on as is and I wouldn't expect anything too mindblowing in Sept or from a media event but like you would love to be surprised.
GL
CS
If my memory serves me right RY mentioned they plan to host a "media week" rather than a singular event so perhaps he's just trying to showcase the project to prospective buyers/investors/financiers. If so it might be just the how and where that's relevant (speculation on my part).
So I guess it still seems unlikely the PFS is to be issued prior to agreed funding (RY alluded to PFS being tailored to funding arrangements rather than the other way around).
We therefore have no choice but to trust the board that they have everything in hand.
GL
MD
Is there a tie up between Proactive and Mining Capital sites and perhaps presenters ?
Who knows ?
JB
When asked about newsflow for the remainder of the year RY only confirmed drill results, road news and ducked the issue of PFS. Perhaps it just creates too much tension if it's issued ...at this point in time !
JB
"Yet despite the above, nickel stocks and prices are falling in tandem. I think the time is fast approaching where we will see the arrival of the nickel straw that shatters the camels back, to send these 2 anomalies in opposite directions. "
I haven't heard anything recently on the potential bifurcation of nickel price so there's a premium on ev nickel...have you ?
Norilsk outlook pages 41-50 are useful not sure if you've seen it
https://www.nornickel.com/files/en/investors/cmd/20171120_Strategy_ENG_2017_final_London.pdf
"So a period of time to wait until we’re in a position to begin the TEO then a period of time to complete the TEO document. Any idea on how long a TEO takes ? "
In the very near future Ary !
Sound if not spectacular RNS.
Period to y/e and end of March 2019 should be 'telling'
Any other news would be a bonus.
Hope the consolidation generates interest in the coy and improve volume and hence sp.
GLA
Sound if not spectacular RNS.
Period to y/e and end of March 2019 should be 'telling'
Any other news would be a bonus.
Hope the consolidation generates interest in the coy and improve volume and hence sp.
GLA
There's no mention of EEF attendance on AMC events page ...are they going this year ?
Is it a 25% holding to enable a bid situation to be triggered ?
That might be difficult unless Crede/Riverfort are open to suggestions and then would the market will be alerted by then anyway ?
I think it's a good time for RY to consider help with presentation
..whether RNS or visual.
He may well know his stuff and be genuine in his efforts but I don't reckon he's a natural salesman as the LSE event showed (to me) ...what say you Noloss ?
Regular director sharedealings ….nothing new in that
...BUT PR now being dealt with by Blytheweigh ...is this recent ?
https://www.blytheweigh.com/
"there will be another mother of a spike at some point.
May not be for another year or so (maybe this year - xmas rally) but it will happen and any entry point between here at 2.8p will be cheap as chips compared to the top of the spike."
Hope you're right Geng
Cash injection needed within 12 months from June...said RNS....clock's ticking.
GLA
Solis
"Even the rivers there look dry. If they are going to need water for the mine, I wonder where they will get it from."
Do they have underground supply ?
Hence the 12 month hydrological testing.
Not sure.
The speed of the drilling this year tells us all we need to know.
Hence it's always been known the PFS would not be feasible in 2017 and unlikely by Q2 2018.
In my view the onus has been on AMC to extract results from this years drilling to enable them to be included in PFS....as well as regulatory requirements, necessary samples and in meantime see where nickel price lies in relation to the target $7.50.
GLA
''European parliament draft inquiry into dieselgate has found EC ignored evidence of emissions test cheating The commission ignored evidence of emissions test cheating from its own science body, the Joint Research Centre (JRC), partly out of a desire to “avoid placing burdens on industry”, ''
...and perhaps Germany or not ?
GB
Hopefully we're wrong but you and me too.
I still can't get outa my head the speed of drilling and samples sent to lab within this last month. Are they missing vital information perhaps which is needed elsewhere ? Who knows ?
So if we just step back ...there's gap analysis, road update and the award of next stage of road design, metal balance no's, PFS, financials, financing, next tranche of loan agreement....what else I've lost track...do you hope have a better memory than me ?
Perhaps we'll be surprised and mesmerised by the upcoming week(s) ?
GL
Don't think PL can take up his options anyway otherwise he'd exceed the 30% holding and have to make an offer for the coy. So in effect he reallocates/reissues to other personnel.
depends what you're using ...ms edge/chrome, apple, mozilla etc
https://siennaresources.com/ & check out the slattberg project