Member Info for sansavatar

MOU Highlights:

o Intended creation of a Singapore based upstream Battery Metal joint venture which will, subject to contract, own CRCL's position in the Mambare and Wowo Gap projects alongside the Doncella lithium project in Argentina
o Corcel intends to own 50% of the proposed JV, benefit from a $1.5m carried interest and a 1.5% gross revenue royalty on Wowo Gap and nominate half of the Board of the JV - It is the intention of the parties to list the JV in Singapore in the medium term
o Introduction of a new cornerstone investor with Corcel plc Board representation as part of a fundraising of £200,000 at a price of £0.004 (no discount to the closing price) with 1 for 1 warrants exercisable at £0.005 per share

James Parsons, Executive Chairman, commented: "I am delighted to welcome Mr Yan Zhao to the Board and to the shareholder register. We believe this proposed PNG restructuring, with its associated carry, and an ultimate Singapore listing, is the best way to bulk up and ultimately unlock the significant value in our battery metals portfolio."

Proposed Battery Metals Joint Venture, New Cornerstone Investor, Placing, and TVR

The feeding frenzy has started!

Quote from the RNS:
Amur Minerals Corporation ("Amur" or the "Company") is pleased to announce that it has been informed by Bering Metals LLC (the "Buyer") a Russian incorporated company that it has successfully obtained the necessary consents from the appropriate Russian Federation authorities to complete the Disposal of its Kun-Manie nickel copper sulphide project. Shareholder approval on 24 August 2022 for the sale of its Russian subsidiary ("AO Kun-Manie") in the total amount of US$35 million was contingent upon the Buyer obtaining the following:-- the consent of the Federal Antimonopoly Service of Russia or its relevant territorial department to the Disposal being granted and such consent not being conditional upon any further actions or omissions by any of the parties to the Share Purchase Agreement;

-- the approval under the Presidential Decree No. 81 dated 1 March 2022 and all ensuing Russian Federation regulatory statutes having been granted on the terms required by applicable law, and not having been subsequently revoked, and such approval not being conditional upon any further actions or omissions by any party.

This clip received in an email from PNG Business News:

Let's hope we get the news sooner than SK's "shortly" or "soon" and that they don't look negatively on Corcel's plan to export ore for processing abroad.

"MINING ADVISORY COUNCIL EVALUATING MAMBARE LEASE APPLICATION
The Mining Advisory Council is now evaluating the mining lease application for the Mambare Nickel Project, one of the nation's future nickel and cobalt projects in Northern Province. According to Jerry Garry, managing director of the Mineral Resources Authority, no decision has been taken regarding the nickel project's start of operations as of yet. If given a mining permit, the Mambare Nickel Project will transport its ore abroad for processing rather than processing it locally like the Ramu Nickel mine in Madang. The price and advantages of conveying the ore bodies are included in the critical evaluations. According to Mr. Garry, Ramu Nickel has a very comparable deposit location. They process the product in Basamuk and send out what is referred to as the intermediate product rather than the ultimate product or mix nickel-cobalt hydroxide. He said that high-quality ore pockets are what the mine is after. “If they mine all the high-grade pockets, the low-grade pockets will become uneconomical,” Mr. Garry said."

A General Meeting at 09.30 on Monday 15th August at We Work, 71-91 Aldwych House WC2B 4HN.
Why does it have to be so early? I suspect it is to make it difficult for many to attend. All meetings of other companies I've attended have been at mid to late morning.
Well we have two weeks to collect all the searching questions to ask.

"boots on the ground"

What a deliberately vague and non specific description of what the money was used for?

This lot should be locked up for life. But what should one expect? SK is a graduate, with flying colours, from AB's school of dark art!

When he submits himself to a Proactive or AJ Bell investor meeting to face impromptu questions from investors he might earn a smidgen of respect from shareholders. But I don't think he has the backbone or sphericals to do that.

tlm
I think your last two posts are just whooshful thinking!

If SK had the sphericals to expose himself to the risk of doing a presentation at an AJ Bell or Proactive investors' meeting to answer all the questions which have been asked, or comments made on the boards, I might .... just might think he has a smidgeon more credibility than that lying duplicitous b'stard in Downing Street.

I have a strong suspicion that too many of interviews done with AIM company directors are on the basis that the questions are pre vetted and pretty well choreographed so that the interviewee is not ambushed by a subject they don't want to cover for fear that it will torpedo the impression that their presentations are designed to give investors.

I have a strong suspicion that the Avonmouth news had been held back until they had something to sugar the bitter pill, in the form of the PNG news yesterday, that its demise would cause. I note that there was no mention of the Thing Road project. No doubt in my mind that Tring will suffer the same fate as Avonmouth.

AIM company directors, like politicians, treat their 'flock' with as much thought as they do toilet paper. We are, to them, nothing more than waste matter.

As several have pointed out, SK has learnt the dark art of AIM company management at the knee of AB.

Luke, could you please give a 'link' to that Corcel Shareholders' Group gathering this morning. Thanks in advance.

Does anyone have a copy/link to the previous presentation to the one that was released last week? If so, could you please post it in reply to this message.

I did have it filed on my computer but have had many problems with my MacBook that even the geeks at the Genius Bar can't solve, and have lost it!

Thanks in advance

Doh! I thought it was after 8am.

Is anyone else having difficulty in getting today's trades? All I'm seeing is yesterday's trades.
I've cleared my cache and restarted my computer.

17 May 2022

Corcel, the natural resource exploration and development company with interests in battery metals and flexible energy generation and storage, is pleased to announce the completion of a JORC mineral resource estimate at the Company's recently acquired Wowo Gap nickel/cobalt project in Papua New Guinea ("PNG"), where the Company owns a 100% interest. The establishment of a JORC resource is a critical technical step in preparing the mining lease application, validates Corcel's underlying rationale for the asset acquisition and confirms Wo Wo Gap as a similar size and grade deposit to the Company's sister project at Mambare, also in PNG.

Highlights:

o JORC 2012 code mineral resource estimate ("MRE") of 110m tonnes with 0.81% Ni and 0.06% Co (891,000t contained Ni and 66,000t contained Co)
o Mineralisation is continuous and laterally extensive - shallow nature of deposit and limited overburden is amenable to low-cost open pit mining
o Robust geological model with mineralisation well constrained within the host saprolite and limonite layers
o Tonnage and grade reported above the 0.7% Ni cut-off compare favourably with similar projects that have achieved production

Mineral Resource Estimate:

Using a 0.7% nickel cut-off grade, the deposit is estimated to contain 110 million tonnes at 0.81% nickel (Ni) for 891,000 tonnes of contained Ni and 0.06% cobalt (Co) for 66,000 tonnes of contained Co. Tonnage is quoted on a dry basis.

I agree completely with your post below.

Just out of curiosity sake, would the AH part of your avatar be Adam Habib by any chance?

Thanks TDT

Anyone see that posts since TDT's post at 17.57 on the 16th are missing or is it something wrong with my computer?

Thanks Pedrobull!
Did the tweet mention a time frame for when they think the price would get to 20p?

A favour please. I'm not a Twitter, Facebook or Instagram user.
Could somebody please copy and post the text of the tweet with any links excluding the social media sites.
Thanks in advance

In the interim, battery-makers are tapping stocks of Class 1 material, which is what trades on both the Shanghai and London markets.
That’s the problem with nickel, which comes in a wide spectrum of grades and qualities.
Many of them, such as ferronickel, nickel matte and nickel hydroxide, are not deliverable against the LME or ShFE contracts.
Production can boom but without an equivalent surge in Class 1 nickel, exchange stocks will remain under pressure.
This is what happened in 2007, when LME nickel stocks slumped to below 5,000 tonnes and the price spiked to above $50,000 per tonne, unleashing structural changes in the market, first and foremost China’s rediscovery of nickel pig iron as a processing route. What had been economically unviable before 2007 became a major production stream over the ensuing decade.
The ghost of 2007 will loom ever larger over this market as long as exchange inventory continues to trend lower.
Meanwhile, there was another factor buoying the metal on Thursday: the European Union and the United States threatened sanctions if Moscow attacks Ukraine. Traders said the potential for this sparked supply concerns as Russia is a major producer of nickel, aluminum and palladium.
Sanctions would “further exacerbate supply shortages at a time when the European consumer has been evident on every single price dip, said Alastair Munro at broker Marex, in reference to aluminum.
Sam Bryceland Investor

This from an email received from Sam Bryceland of Tartisan Nickel
Dear Investor,
Nickel gripped by ferocious squeeze as stocks disappear
The nickel market is experiencing its most severe squeeze in over a decade.
London Metal Exchange (LME) three-month nickel on Thursday reached above US$24,000-per tonne for the first time since 2011.
There’s a squeeze going on for physical delivery of the metal. And that squeeze was made in China, where the price has surged to life-of-contract highs, but has now hit the London market in full force.
The common theme is one of falling inventories and a scramble for the type of nickel used in batteries for electric vehicles. So-called Class 1 metal is what’s traded and stored on both the LME and the Shanghai Futures Exchange (ShFE).
The market has been collectively wrong-footed by the strength of demand from both the nascent battery sector and the stainless steel sector, which has historically dominated the metal’s usage profile.
LME stocks have fallen every day since October last year, the headline figure collapsing from over 143,000 tonnes to 94,830 tonnes.
A flurry of arrivals this week has failed to halt the downtrend with metal still flying out the warehouse door.
Shanghai inventory has been running on empty for many months, translating into a running squeeze on the ShFE nickel contract. Last week’s total of 4,711 tonnes was the lowest since the contract was launched in 2015.
Although compounded by a limited number of deliverable brands, Shanghai’s depleted inventory may be an ominous harbinger of what’s in store for the LME if metal keeps departing at its recent rate.
Where’s all the nickel going?
The market has seen an extraordinary surge in demand over the last year from both the stainless steel and battery sectors.
This has generated “the most significant degree of tightening surprise in balance across the base metals in 2021,” according to Goldman Sachs.
The bank originally forecast the global nickel market to register a supply surplus of 49,000 tonnes last year but now estimates a deficit of 159,000 tonnes.
It is expecting another smaller deficit of 30,000 tonnes this year.
So too does J.P.Morgan, which projects a 40,000-tonne deficit in 2022.
While the red-hot stainless steel sector is expected to cool over the course of this year, demand from the fast-growing battery sector is only going to accelerate as the electric vehicle revolution picks up speed.
J.P.Morgan analysts project nickel usage in batteries to grow by 50% year-on-year in 2022, equivalent to an extra 127,000 tonnes, taking over from stainless as the biggest driver of demand growth.
A massive build-out of nickel production capacity in Indonesia should help rebalance the market but this will take time and comes with plenty of caveats given many operators are going down innovative technical processing routes to convert low-grade nickel into battery-grade metal.
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