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I can't see this rising by much, if at all in the coming months. I think there will be opportunities to top up lower. With potentially no news for three months it'd be uncharacteristic for this to just float sideways until then.
You can bet if it arrives at all it'll be closer to the end of March. They're not gonna give themselves another three months and then deliver early. What kind of company would do that? (a well-run one)
Also they waited until a week away from the deadline to release the news of a delay, yet they require about 17 times that amount time to complete the TEO. Hmmm.
Why should they be making this new Q1 deadline? They haven't made any of the others.
To break the short-term rising trend it would have to go lower than 1.8p To break out of resistance it's about 2.8p then over 3.3 to get out of the long-term downtrend. IMO of course.
Here's hoping we're in that late 2008 spot on the charts there!
Perhaps 3 years is a bit lengthy, but basically the closer we are to producing the more the nickel price will have an effect on AMC SP as it'll be easier to see where the price of nickel is heading.
Currently—being 2/3 years away from producing—the nickel price is, as Adam Habib says, irrelevant.
What's there to discuss if we are not allowed to contest someone else's opinion?
Should it just be one big circle-jerk of positive speculation? Ironically your post seems much more inhibiting of discussion than anyone else's. "Let other have an opinion" ... but only if it's positive.
No I wouldn't. The Nickel price DID fall from $8 to $5 not all that long ago and I never once said that.
6 Minutes 13, straight from the horses mouth.
https://www.youtube.com/watch?v=DdEI_X-w-yE
Sooner than some people think but later than you thought. You've said it would happen two weeks ago.
And the price of Nickel is not gonna have much of an impact—if any—on the SP.
Maybe in another three years.
From the same video BFS beginning once TEO is done and is expected to be completed within 12 months.
Seems Mister Positive knowns more about the inner workings of Amur that Habib himself.
Rhino are you suggesting that TEO on December 1st and take-over offer of 50p+ on December 2nd is not happening?
Not being funny but the traders don't need to realize anything aside from profits and it looks like most of them are currently doing that now.
LT's just need to sit and wait. Different strokes for different folks.
Nope
Or just post the article without a 'boom!' attached to it. From memory this is the fourth time a Russian language document has been used by tad along with a warning of imminent rises. He'll be right one day!
Takes a strong character to come back and admit that. I also don't think you or anyone else was wrong to be sceptical, given the track-record from the board. Moves like this should help repair trust between the board and share-holders and hopefully get all of us what we want!
Well if this is what good news does to the SP I'd hate to see some bad news.
That's a great closing price - next resistance around 3.5p if my crudely drawn chart is accurate.
Agreed. I'm no Geng but if we move below 2p we've got a fair bit more to drop. Need some good news soon to keep up the momentum.
Agreed - he's transparent in his motives which is rare. Can't ask for much more than that.
I'm not a trader, no, and I haven't sold a thing yet. You'll just have to forgive me for erring on the side of pessimism until we hold on to some decent gains. Tough to get excited by 2p when the company has been in steady decline for over two years. I'm happy to continue to wait.