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Sorry everyone you can ignore, filter, curse, kill, report enlighten, as required.
Technology Minerals Ltd, will be making an IPO offering soon. What do you guys think?
I have been seduced by this 'Sustainable Circular Economy in one group' as they call it.
Quote: "We are focused on the circular economy, and on the security of the supply chain from metal discovery through to end-of-life use"
- Battery space: (lithium, nickel, copper, and cobalt ) places such as Spain, Idaho, Cameroon and Ireland
- 49% interest in Recyclus Group Limited who recycle batteries.
Not expecting a quick buck, something for my baby kids so they may have something of some economical value left behind by their economically challenged father haha!! Poor things.........
TDT
Knew it was more complicated than I first thought haha!!! Hence the disclaimers.
Erazzel
No dates have been provided as to when the TEO will be approved/rejected. Not sure if it is a worthy comparison but EUA submitted a TEO for their West Kytlim project in September 2013 and was approved on March 14. (I could be wrong, my memory is going!)
With the need to submit the Mine Plan in July 2023, it's fair to say that the TEO will need to be approved by then!
Hello MadMat
"seems 'Noront Resources' is still in exploration stage"
Yes, it does seem to be the case.
Just a brief look at the company:
- Have a few deposits in play, besides their 'Eagle Nest' deposit, the rest appear to be at a very early stage chromite plays.
- Eagle Nest, a PEA feasibility completed (in 2012) ".... feasibility study that concluded an underground mine could produce 15,000 tonnes of nickel, 8,500 tonnes of copper, plus 23,000 ounces of platinum and 89,000 ounces of palladium per year for more than a decade" Source https://financialpost.com/commodities/energy/electric-vehicles/inside-the-battle-to-own-a-prized-nickel-deposit-in-ontarios-remote-ring-of-fire
- From 2012 to 2021 struggled due to low metal prices and scarce resources, in some ways similar challenges that AMC faced over the years.
Also worth noting that in 2008 share price was CA$6
Garf
“Presumably the financial figures that RY has submitted within the TEO show the Project is financially viable. Has he increased revenues to offset this apparent problem.”
Maybe RY is planning to increase the production rate and maintain costs. The RNS dated Fri, 20th Aug 2021 does state somewhere that the mine has the potential to sustain 11mtpa.
I guess once the TEO is fully reviewed by the relevant organisations and published the truth will come out one way or the other.
Hello MD
https://docs.cntd.ru/document/550133901/titles/3LM8BE8
is this what you are looking for?
Why all my shares are in the red!! (actually, this is not factual correct only 30% are, but my profits have been hit!!)
https://www.bbc.co.uk/news/business-57885183
To be honest pleased that AH was ousted, a shame about the NRR deal. I guess we have money in the bank and some of it may go to paying for the BFS!!!
The $1.47m profit nearly equates to the 14% interest of the CLN over 3 years. And as the RNS states "Especially when one views it from a time value of money aspect"
Maybe the 3-year time scale is too long to wait!!
thanks, 2partacus,
I thought we were diluted down from 19% to 13.43% and not the stated 17%.
Not sure what happened there, but had to resend:
is there a mistake in the report? Or have a missed something
it states
"The Company is paid on the 14% coupon of the CLN which is convertible into 17% of the current issued share capital of NRR"
while RNS Tue, 27th Oct 2020 states CLN which is convertible into 13.43 per cent of the current issued share capital of NRR
is there a mistake in the report? Or have a missed something
it states
"The Company is paid on the 14% coupon of the CLN which is convertible into 17% of the current issued share capital of NRR"
while RNS Tue, 27th Oct 2020 states CLN which is convertible into 13.43 per cent of the current issued share capital of NRR
A smaller company like the private GV Gold could be an easier target, or bigger player Nordgold could be a factor in any mergers. Nordgold, owned by Severstal chairman Alexey Mordashov has recently looked outside Russia for assets, however. Roadblocks aside, Petropavlovsk does have the lusted-after pressure oxidation plant (POX) that unlocks previously unrefineable refractory gold ore. UGC proved it was more than just interested in holding the company as soon as it took the 22 per cent stake last year (now 24 per cent, says FactSet), and Maslovskiy said a merger was possible. Fellow shareholder Prosperity Capital and former deputy chief executive Alya Samokhvalova claimed the move was made so UGC could take over Petropavlovsk without paying for it. Given VTB backed the in-progress Kaz Minerals takeover – and the potential payday that might come its way in raising $8bn to build a new mine – financing a Petropavlovsk takeover might breeze through the risk committee. https://www.investorschronicle.co.uk/news/2021/03/24/russian-miners-are-being-hoovered-up/
The link above was tweeted by AMC in March 2021
Maybe have been posted already so sorry:
I have pasted the article as it is behind a paywall. Posted from someone from another board Thanks
Russian miners are being hoovered up Alex Hamer March 24, 2021 Miners with assets in Russia’s far east are getting picked off the London Stock Exchange like teenagers in a horror film. First was Highland Gold Mining last year, then the offer came in for Kaz Minerals (KAZ) – which has the Baimskaya copper project in Russia’s Chukotka region – and now Trans-Siberian Gold (TSG) shareholders are being offered 118p a share for their holdings in the company. Vladislav Sviblov, who also took over Highland, will pay just over £100m for the 40,000 ounce (oz) a year gold miner, and has already sewn up over 50 per cent of the shares through an agreement with Trans-Siberian’s major shareholder UFG Asset Management and two directors who have worked for UFG. Trans-Siberian's low free float means it has never had high trading volumes, but this deal signals a trend that shareholders need to keep an eye on. London has a fraction of the mining stocks listed elsewhere, although they are better quality overall than Toronto’s venture exchange chancers and Australia’s lifestyle explorers. There is a link between these deals aside from the geography: Russia’s second largest bank, VTB. While it would seem obvious such a large institution would work with plenty of mining companies, these deals are being done through its London office. Who could be next? With the gold price well adrift of last year's highs, one mid-tier London-listed gold miner is trading a third lower than in September. This company also operates in Russia’s east and has a few familiar faces involved: Petropavlovsk (POG). Petropavlovsk is now run by former Highland boss Denis Alexandrov, who took over in December. Sviblov was a minor shareholder until last year, but the obvious buyer is fellow gold miner Uzhuralzoloto Group of Companies (UGC), which was instrumental in rolling the board last year and has an existing relationship with VTB. VTB’s involvement in London's previous mining transactions was critical. It served as adviser for Sviblov’s company Fortiana when he bought Highland and for the Trans-Siberian offer, and lent the Kaz buyers $3.5bn. The two key London-based bankers behind the recent deals did not respond to a question on whether they are currently working with UGC. There are some factors that make Petropavlovsk less likely a target than Highland or Trans-Siberian, however. It has a few more combative shareholders, as seen in the fight over the board last year, where UGC and combined 12 per cent shareholders Everest Alliance and Slevin voted out previously resurrected chief executive Pavel Maslovskiy. The company also carries a one-third stake in iron ore mining group IRC (HK:1029), which it has been unable to offload. The miner also added a Moscow listing recently, although this process began under the previous management. Next Page...
what about headline message
“Take over target…… will not take less then £1 ” even though they have just started drilling their maiden hole (please no smut). ??
Or is this a subtly deramp………….
18.8 support for me.
Patience is required, let them dig, explore and find, grand scheme of things they have only just started. Whether the results are positive or negative (obviously hoping for the positive) it is part of the process of discovery and any data will help develop the exploration road map.
Would be great to get news of results soon, but at the same token don’t start to panic when we have no news flow, they are working, and we must let them get on with it.
BMCM
From a Q&A session with AMC dated 12 June 2020
https://www.investegate.co.uk/amur-minerals-corp--amc-/rns/posting-of-q-a-ahead-of-egm/202006121540108643P/
Q.Could you please advise whether an NDA or other form of confidentiality agreement is in place for a Merger, Acquisition or Investment for which the requested share issue authority is anticipated to be required for?
A. As often discussed in many of Amur's presentations, the definition of a Non-Disclosure Agreement precludes the Company from discussing the existence or absence of any such NDA.
Whether they did announce NDAs in that past I am not sure, but they have changed their stance on this now.
I cannot see any regulatory reason why they would need to announce an NDA.
I guess the business logic was, this is an AIM company at the early stage of exploration, with limited/no revenue-generating capabilities. With the results from the drilling and the new NOMAD flexing their muscles an opportunity presented itself which they took. Initial I thought the timing of the placing was strange, but with the knowledge, we have now it makes some sense!!! Results weren’t great, let’s get more money, make sure we are financially secure for any setbacks this year and push on and attack multiple zones, and will be in a position to purchase some cheap asserts if it comes their way.
CB wasn’t concerned (I hope this is true) because his focus is the long-term growth of the company. The day to day, month to month SP should not be his main concern.
It would give me confidence if the BOD, when they can, purchase some shares and back up his comment that ECR is undervalued.
In my opinion, there will be plenty of ups and downs for people to make up their 4p entry price. And the extra 2m accelerate news flow this year.
I agree with the downbeat interview but more realistic.
Reading between the lines it sounds like, ECR is expecting minimal movement of the SP in the coming months this is not to say things will not progress; along with the fact that Canadian gold miners are taking a hit and underwhelming drilling results prompted the placing
I would like to see the BOD purchasing some shares (although they may be in a closed period with assay results due). This may offer some stability to the SP.
If this drops to 1.66 I will buy more
“Craig has over promised and under delivered and to be honest a tad economical with the truth…..”
“There have been shortcomings in CB's interface……………….”
“Consistently promised one thing and are given another”
This seems like a common theme for many CEOs of AIM companies, guess at some point CB had prior knowledge that the results ‘could’ be poor therefore silence from him ensued, as there was nothing too big up.
A placing was about to happen best that CB keeps quiet about results; we know what happens when we receive today's news, therefore the placing seems like a genius move. This is an AIM company with limited revenue and the reason to be PLC is to raise cash, alternative funding would be death spiral finances!!
There are many things I don’t understand but one particular thing is why release the news now? Why not wait until all 6 drill hole results are in? Could the results be promising? Release the not so good news first, then the good news?
Resistance at 1.73, this may be tested and broken on or around 30th April when placing shares are admitted to AIM.