The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
But it's provably untrue that a rising nickel price has a positive effect on the value of amc.
In what way is Maybach wrong though?
We basically have a sports car with a restriction that only lets it do 30mph (maybe around 40.0325mph). It doesn't matter how big the engine gets, we're still capped at where we are.
And that's exactly the same here. We could have the biggest resource in the world, but with no clear direction or funding on getting it out of the ground it's all immaterial.
The nickel spot price, warehouse levels and EV demand won't have a single effect on the share price until they remove the restrictions and get funding and some clear direction here. At the moment we have neither and we only have AMC's unreliable word that some sort of direction is forthcoming.
When/if we ever get a viable route to production then external factors can start having an effect on the SP, but at the moment there are too many internal factors to look beyond.
You know they all decided to buy the lowest amount that any one of them would commit to?
You can't buy that kind of confidence.
"Personally, it's gone very quiet of late; almost too quiet for my liking, which I regard as a good sign"
Everyone always says this and it's almost never been a good sign. I'd love to be wrong but this whole 'no news is good news' opinion is something I find very strange.
I'm not too concerned on the financing - if push comes to shove we just get another terrible deal and see more dilution. I can't really see them running out of money or shutting up shop entirely, especially given how far they've come so far. Also, I'm pretty sure the company is still technically debt-free, so while things might not be planned years in advance, I think they could get more funding if they had to.
I'm much more concerned by being strung along for months/years on end by unrealized deadlines, empty promises, and comical linguistic *winks to camera* that never bear fruit. Everything's happening tomorrow, and tomorrow never comes.
Just chiming in to say I too emailed to ask about PFS and also Randolphs absence and got no reply.
But they keep saying it's coming out soon. Wouldn't they just not say anything, rather than say it's coming out soon ... for 3 months.
Rumor has it the dates are being published really, really, near-term, soon, in the coming weeks and immediate future, and are in the final stages of completion.
Probably just a side gig for a bit of extra cash.
Let's see.
It was more the fact that you seem to be suggesting that this person is privy to positive company changing information and they are rushing to buy before it's released. It just sounds like a lot of supposition.
"Perhaps they feel that they may not have the time."
Come on now ...
There's no real proof that the PFS will be out soon.
They don't really need to say anything when we're sat at an almost 2 month low
Not currently online, no. Also there's a good chance it will be nigh on impossible to determine what is being said due to the translation audio.
All this assume Randolph actually went, which isn't confirmed.
Your input is very much appreciated Red Lee and I thought you were more than clear the first time around. It wouldn't be the first time that Joe has called you out on your contributions so he clearly has a bee in his bonnet about something.
What debt?
There's a sizable difference between not being funded and being in debt.
Most got downvoted to oblivion! I can only recall LKH but you're right, there were a few more naysayers at the time. It went from "you won't get the license," to "you won't get the funding/road."
Was a tad concerned to see the 3p range again today, especially when the PFS is still imminent as per the RNS. It is very 'doldrummy' here at the moment. Can't believe we're still waiting on this document!
I do recall pre-license to some degree and it was generally positive as everyone was aware it was a bit of a punt without the license.
The cynical side of me wonders if the 'cheeky offer' was rejected because no-one on the board stood to gain much. The excuse was that it was below market cap at the time, but I find that hard to believe. We'd have all been happy with 40p back then before the SP actually got there on it's own and everyone started talking about the £1 party - myself included!
As you mention they've had 3 years to accumulate shares, yet most here hold more than half of the board. It doesn't look good however you slice it. The only thing that's good is the size and quality of the asset right now. We still aren't funded, we still have no clear news on the road, we still don't know what type of mine we'll have or whether we'll have our own smelter, we still have no PFS and the board still barely hold on any shares. If imagining there's a silent takeover happening in the background that isn't moving the share-price makes you feel good, go ahead and believe!