The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Geng
...and if Riverfort or whoever are comfortable disposing those 1.7p buys at circa 2p (more profit) then everyone's happy ...apart from LTHs I guess !
Surprising to see the project outline regurgitated ...just a different source I guess.
https://www.nsenergybusiness.com/projects/kun-manie-nickel-copper-sulphide-project/
Kalan I couldn't agree with you more.
I must admit I still have reservations about Colin & Leon's motives for recent presentation in London.
Is this connected to a potential fundraise ?
Have they fully utilised $50m Riverfort facility ?
Any answers welcome.
GL
...quotes in Consolidated Statement (following C Bird's summary) a profit figure of £762,000 prior to taxation & distribution.
It continues to quote (further down) a weighted ave of approx. 1.3b shares (at that time).
So I guess 1.3b x .00058of a penny equates to approx. £760k.
Or could I be wrong ?
update....apologies if already posted.
https://www.edisongroup.com/company/amur-minerals/1213/
Gizzard
In case you don't have enough reading material here's more EV battery news items (nickel) inc (I think the one you refer to).
...sorry just jesting !
https://www.metalbulletin.com/Article/3902720/Latest-news/Driving-range-anxiety-to-propel-nickel-rich-battery-developmentRonbay-chairman-says.html
https://www.reuters.com/article/jinchuangroup-nickel/chinas-jinchuan-to-add-25000-t-nickel-sulphate-capacity-this-month-exec-idUSL3N27M2R5?rpc=401&
https://uk.reuters.com/article/us-panoramic-m-a-independence-grp/australias-independence-chases-more-nickel-with-216-million-bid-idUKKBN1XD0KM?rpc=401&
Gizzard
In response to your post
"Latest comparable trade sale.
Panoramic Resources. Hostile Bid.
4th November.
6mt of Nickel. "
Not sure whether you've clocked this recent news item....I assume they're one and the same.
Apologies if you've already seen it.
https://news.metal.com/newscontent/100990668/jinchuan-group-and-australian-panorama-resources-sign-nickel-concentrate-import-agreement-at-expo/
GL
FYI
More pressure on LME stocks and price.
Let's hope it continues.
https://www.metalbulletin.com/Article/3896610/Latest-news/LIVE-FUTURES-REPORT-3009-LME-nickel-increases-amid-low-stocks-tin-nears-16kt.html
FYI
Encouraging to see mention of AMC towards the foot.
Apologies if it's been posted already
https://seekingalpha.com/article/4293275-platinum-group-metals-nickel-miners-case-long-stocks-consider
FYI
Interesting estimates for timelines to production
https://www.proactiveinvestors.com.au/companies/news/902066/pure-minerals-on-schedule-to-deliver-pfs-for-nickel-cobalt-project-this-quarter-902066.html
Is this the start of price bifurcation ?
https://news.metal.com/newscontent/100963032/[smm-announcement]-announcement-on-the-quotation-of-new-battery-grade-nickel-sulfate-and-electroplating-grade-nickel-sulfate/
Sounds very feasible Crazytowner.
If a Chinese investor were prepared to offer substantial funds wouldn't the deal fare better if they dealt with a larger organisation such as IGC). Perhaps IGC could buy out AMC and then engage with Chinese on a JV (satisfying Russian authorities & Putin strategy for FE at the same time).
Just a thought. What say you ?
GL
Wonder if that LOI with IG Copper is still active ?
(refer RNS Sept 2016)
GL
No worries Solis I'd probably think the same.
I just took 8adgers post and as I couldn't see a translate option in the document just copied it into word and translated it.
I must admit I'm usually skeptical about sources of info until/unless I've checked myself or I've a reliable source.
You're absolutely right to question it.
GL
Solis
The link is already in the post by 8adger
Thanks for the article 8adger
Did you notice extract from same article.
Bit of a concern the last para from same article (if it's correct) pushing date of production past 2024.
As forAmur Minerals' projectto develop Kun-Manye in the Amur region, its reserves (up to 1.2 million tonnes of nickel, about 300,000 tonnes of copper) allow for serious bets on this field. Copper. There are also stocks of platinum, palladium, cobalt, gold and silver. The difficulty is that in general the content of the components is not very high, and the object itself is located in the far northeast of the region, where there is no infrastructure. The scale of the mining project and its structure are not yet clear. According to the Ministry of Natural Resources of the Amur Region, "the inventory counting and the formation of the feasibility model of the project is under way." It is planned to build a concentrate production on the field, and BAM - production for the production of nickel matte or sell only concentrate. The timing of the start of production is not earlier than 2024, and they will largely depend on the situation of world prices and logistical restrictions.
July 19, 2019, 1:08 p.m.
GL
Recent Nickel article ...in case anyone missed it.
https://www.mining.com/nickel-price-catches-battery-export-ban-fever-again/
GLA
OTL
I might be out of line mentioning this but ….
Not sure how old this article is but some peeps may have lost sight of FEIA opps announced to interested parties in countries inc ...EU, India & China(BRICS countries)
refer p11 where (if I'm not mistaken) suggestion is made of state involvement to the tune of 12b roubles which equates to approx. £75m at todays exchange rate of circa 80r/£ (subject to outside investment).
https://www.ru-eu.org/upload/uf/94c/FEIA_Investment_opportunities_in_the_Russian_Far_East_EEF.pdf
GL