Member Info for sansavatar

beeshoney thanks for those interesting figures.

Some questions if I may.

Where did you get the figure of $68.5Bn from?

You say. "68B -13.5B = 52.5 BILLION". Shouldn't that be $12.5Bn, i.e. the $11Bn for the power plants and the assumed capex figure of $1.5Bn? Perhaps a fat finger mistype?

Thanks in advance.

My post asking why another post which mentioned the size and the price of a trade had been removed prompted a message from LSE to me.

He said that posts which mentioned the buy, sell, spread and price are not allowed and my post was also removed.

A lot of the discussion on these boards is about price, particularly when there is a sharp movement either up or down.

So a question to LSE, are you going to remove all the posts that discusses GCM's share price when our long awaited news arrives?

If you are, you're going to be very busy. I suggest you dramatically increase the number of staff monitoring this board when major news arrives. You've probably only got a few days to organise that you know.

"How does that work?"

I don't think it does. Not even with the Chinese building mine!

But I'd like to be surprised ... unless I've sold out long before then.

... why there is not activity on the LME today?

http://www.kitcometals.com/charts/nickel_historical_large.html

No news today.

So Robin will be basking(?) in the rapidly dimming glow of the flickering candle that was the PFS.

What can he possibly say this evening, that is not on the company's website, what he hasn't said during his numerous recent interviews and in articles in Russian media, to send long term investors away foaming at the mouth and straining at the leash with optimism that something major is going to be announced soon?

Yea, I'm scratching my head as well.

Thanks Hawkspear.

Whilst on the subject of brokers, has anyone in the last year or so tried switching brokers? And if so, how easy was it, how long did it take to transfer the shares to the new broker.

I investigated the possibility about 18 months ago and was told because of regulatory requirements the whole process would take about 10-15 working days which meant I couldn't buy or sell during the period. In this digital age that is ridiculous and to me that amounts to nothing more than a deliberate attempt at preventing a customer from leaving. It shouldn't be any more difficult than changing your utility provider.

Thanks in advance for any replies.

I'm afraid it's 15 - 17p here we come!

"GCM Resources plc

("GCM" or the "Company")

(AIM:GCM)

Update re Formal Proposal to Government

GCM Resources plc (AIM:GCM), a resource exploration and development company, announces that, further to the Company's announcement 17 January 2019, in relation to entering into the Joint Venture Agreement and a definitive Engineering, Procurement and Construction Contract with Power Construction Corporation of China, Ltd ("PowerChina"), it can confirm that it continues to work with PowerChina on formal proposal to the Government of Bangladesh. However, further to the Company's announcement of 27 November 2018, whilst good progress is being made in this regard, the formal proposal will not be made by the initial target date of 28 February 2019. A further announcement(s) will be made in due course, as and when appropriate."

Yes, you are missing a helluva lot!

You are very wrong.

'Nuff said.

I look forward to Redlee's dissection and analysis of it.

a freudian slip?

"identify partnerships that will add to, and complement, the Company's EXITING (?) experience and influence in order to bring Kun-Manie into development.

I think that should read 'existing" experience! But maybe I'm wrong?

here's the rest of it.

"The strength of the PFS puts Amur and the project in an attractive position for the Company to continue the implementation of its strategic plan and identify partnerships that will add to, and complement, the Company's exiting experience and influence in order to bring Kun-Manie into development.

Robin Young, CEO of Amur Minerals Corporation, commented:

"The PFS provides a robust review of Kun-Manie's value, scale and viability and it is our intention to explore further the strategic options that will enhance the Company's continued development of the project. We believe that it puts the Company in a strong position and provides attractive economics to invite discussions with varied parties to strengthen our team and deliver production at Kun-Manie.

"Additionally, there is significant potential for further upside to this PFS, following the Company's successful drill programme last year, which yielded a number of positive results including expansion of the mineral resource estimate and mine life.

"As a Company, we are encouraged by the PFS and the further step it has created in positioning the project to attractive partners that will support Amur's goal of seeing Kun-Manie being developed further and value delivered to shareholders."

"Amur Minerals Corporation

26 February 2019

26 February 2019

AMUR MINERALS CORPORATION

(AIM: AMC)

Kun-Manie Pre-Feasibility Study

Amur Minerals Corporation ("Amur" or the "Company"), the nickel-copper sulphide exploration and development company focused on the far east of Russia, is pleased to announce the release of its Pre-Feasibility Study ("PFS") on the Company's Kun-Manie nickel-copper sulphide project ("Kun-Manie" or the "Project").

The PFS is a significant milestone, reinforcing the Project's technical and economic viability, and consolidates the Company's commitment to delivering the best outcomes for the project and Amur's shareholders. The PFS covers two production scenarios for an annual mining production rate of six million tonnes per annum. The first option is the Toll Smelt option ("TS Option") which provides the swiftest path to revenue generation, where the concentrate is sold to a purchaser. The second option is where the Company constructs and operates an electric furnace / flash smelter ("FFS Option") converting the concentrate to a Low Grade Matte ("LGM") which allows for the capture of additional revenues from the by-product metals of copper, cobalt, platinum and palladium.

Highlights

-- Project parameters:
o JORC Mineral Resource Estimate containing 155.1 million ore tonnes comprising a nickel equivalent grade of 1.02%, equating to a total of 1.58 million equivalent tonnes of nickel

o A three year construction period and a 15 year production period with upside potential to extend the LOM

o Production will derive from four open pits and one underground mining operation

-- Project economics:
o TS Option

-- NPV post-tax at 10% discount rate of $614.5 million using a long-term nickel price of $8.00 per pound

-- Post tax IRR of 29.3%

-- Total free post tax cashflow of $2,041 million

o FFS Option

-- NPV post-tax at 10% discount rate of $987.4 million using a long-term nickel price of $8.00 per pound

-- Post tax IRR of 34.7%

-- Total post tax free cashflow of $2,980 million

-- Low cost operations:
o C1 costs within the second lower quartile for nickel producers

-- TS Option estimated $3.87 per pound of payable nickel

-- FFS Option estimated $2.34 per pound including additional by-product revenues

-- Capital costs and infrastructure:
o Pre-production capital expenditure

-- TS Option - $570.4 million with a payback period occurring three years

-- FFS Option - $695.0 million with a payback period three years

-- Project upside potential:
o 2018 drill programme to be incorporated:

-- Increase in the Mineral Resource Estimate

-- Expansion of mine life

-- Optimisation of production schedule

o Metallurgical test work to reduce the magnesium oxide content

o Potential to generate a separate copper concentrate stream

The strength of the PFS puts Amur and the project in an attractive position for the Comp

Locked and loaded!

cbs I'll be there.

... filtered and reported for obvious reasons.

If his intelligence stood sideways to a bright light he wouldn't even cast shadow!

No message.

... of mindless over excited trade by trade commentary and predictions by the investing kiddywinkles.

I much prefer the ball by ball commentary on TMS ... unless England think they are playing 10 pin bowling with their wickets!

GCM Resources plc (AIM:GCM), a resource exploration and development company, is pleased to announce the appointment of Strand Hanson Limited as its Nominated Adviser and Broker with immediate effect.

to all the verbal diarrhoea being spouted on these boards. The list includes Baxter51.

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