Member Info for ShadowLess

No Problems, Lucando

I think I did have an account with LSE but forget what the username was. But never posted, just stalked people in voyeuristic kind of way!!! creepy I know!!!! But I am real

Cheers

Hello Lucando

Not sure why it really matters, the things I have posted have been my interpretation of where I think AMC is at, and have made no outrageous claims for or against AMC (I don’t think I have anyway).

Obviously, as I am invested in AMC; I will air on the positive side rather than the negative, and who wants to admit they MAY have made a booboo, but even the likes of JoeBass and the late Jonmore help temper my expectations even though it does get tiresome sometimes. No offense guys!

I never posted on LSE or III, but would pop my head in to catch up on the gossip, the likes of Aberdeenman, Bethany, Vertigo, Entropick et al (confirmation bias helps the heartache! ). Unlike some I have/had a day job that required my full attention in the day, and family the rest of the time, also during that time as a young person had a life to enjoy so spending hours on a forum wasn’t really exciting for me, and in truth, people had better knowledge than me, therefore my contribution wasn’t warranted.

I have more time on my hands now due to COVID, A lot older now, more kids, accumulated some knowledge over the years, and getting out of the house to enjoy life is a little harder now, all this means I have more time and confidence to contribute.

In addition: In my post on the 14th Oct I stated the fact that I have been an investor of AMC for over 7 years not to inflate my credentials on a forum board!!! but to highlight that fact that I haven't noticed any mention of Rhodium in those years,

eryryss yep to that!

Thanks, Mate

Just for fun for you TA enthusiasts
Midterm Resistance at 2.72pps
Midterm support 1.68pps

Just to add
For me the development stage doesn't start until the BFS is completed, but I guess the stages start to merge together at some point

Thanks, Sparticus12

I think you are right the discovery period lasted way too long, Not all the blame can be attributed to AMC. A long time ago they already produced a PFS, My guess is the numbers just wasn't good enough to attract interest, therefore as a geologist specialist would do, do what he knows best and keep digging for more in the hope that the numbers will improve, again nickel prices didn’t help.

the outlook is very different now, we have a clear strategy in place, new people on board with established contacts, new and old markets to sell to.

For balance, there are still plenty of risks involved, TEO deadline, Social Issues, Operating issues, just the size of the project is mind-blowing, and the fact that I don’t know of any small miners with a mdcap of 25m making into the big leagues of being a major producer , to name a few. Ermm actually can I get a refund for my top-up?

To add I mean speculative retail and institutional investors

Hello MW, Yep I think we are in the 2008 range, if following the Oyu Deposit trajectory, the reason I didn't wait for the dip to add is that I don't think we have any speculative investors haha

Thought it might be useful.
I think we all have seen this in different guises, but here you go
https://www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/

Project de-risked further for me,

AMC is clearly in the feasibility stage, heading towards the development stage. If you look at the share price for AMC from 2016 –present there is a similar pattern (needs a bit of creative thinking) of trajectory to the Oyu Tolgoi deposit.

The NRR investment has helped to mitigate some of the risks, such a,s where is the money going to come from? How to attract long term investors? How to get funding? I understand that NRR itself has risks associated with it, but I think they are even further down the risk line and the fact that Glencore has their dirty large hands involved somehow, for me mitigates the risk further. (indirectly this applies to AMC as well)

Also, the NRR investment and hopefully others is a good business practice to diversify in the long-term scheme of things. AH mentioned that NRR which is based in Australia and diversifying away from Russia will attract mutual funds, institutional investors, I am guessing he is saying that Russia is still seen as a risk?

So, after all this rubbish I have talked about I have put one's money where one's mouth is and topped up again!!!! yikes

Thanks Sasa43

I would be happy with 80pps!!! The next question is, ‘are we there yet?’

Actually, I would be happy with 20pps, my average is 3.6pps, from an eye-watering 20pps at one point!!

Thanks TDT, my opinion fwiw is that at some point in 2016 to 2017 they didn’t get the interest and deals they hoped for, I don’t think nickel prices helped, at one point nickel was at a 10 year low in 2016. Someone has said to them in a stern voice, “you not going to get what you want, ‘grow up’, stop being junior explores, stop pretending to take it to production and actually be one”. therefore a decision was made that in 2018 they would stop drilling, had enough reserves already, and advise from Medea (what happened to them) they started to focus on requirements to actually take this into production.
All of a sudden, the TEO has come into play, as they thought they wouldn’t need it.

With NRR deal and connections to Glencore it is not far-fetched to think that some sort of JV deal will be made to take this into production. The NRR deal alone smells like a long-term strategy. The question is can I wait?

Hello etank

after familiarising myself with AMC again and identifying what they have achieved and done recently, I am also more positive with AMC and where they are in the project, however, one should take my words with a pinch of salt as I have committed the ultimate sin in investing….. I have become emotionally attached to AMC!!!
Therefore, for me it is good to look back at old RNS , Share Prices and recap on the heartbreak AMC has inflicted on me.

It is also good to hear comments that are bearish and bullish (as long as they are based on some evidence and rationale thought), to bring me back to earth.

Some of the milestones: Next 12 – 15 months
1- Permanent Conditions TEO: Q4 2020:
a. I expect the drilling results of 2018 will be released soon before TEO submission
b. Gipronickel's metallurgical report soon. (They have a draft already)
2- Mining opportunities: ---- NRR tire up and maybe more in the pipeline. Any time from now to Q4 2021
3- BFS – Q4 2021
a. Finalising the detailed plan, costing, and technical parameters for the BFS.
b. Attaining binding offtake agreements – within 4 months as this will help release funding for the BFS.
c. Initiating the funding for the BFS

One thing I will mark them down on is......................

They seem to use DFS or BFS, please AMC be consistent and choose one and stick to it!!

- 22 March 2019: RNS Number : 7344T Loan restructuring and further advance and others

Sorry above got cut off.

They have set out a plan which they are following to date:

PS: long message sorry but helps me formulate my thoughts when I post on here,

Some members including myself have questioned the ability of the AMC board to keep to their deadlines over the years. I thought whether this is still true in recent years; has their performance improved? Are they still worthy of their comfortable seats at the helm of my winning lottery ticket? This is not definitive but:

RNS Number:6785H 19- November-2018 Strategic Plan Overview

• Engineering
"The Company is in the process of compiling PFS identified requirements for, and costing of, engineering works required to take the Kun-Manie project to a BFS level. As the Company anticipates that project funding will eventually be implemented through a consortium of financial institutions, the work will be completed to internationally recognised standards including equator principles related to environmental approvals."
- 26th Feb 2019 : RNS Number: 0682R Kun-Manie Pre-Feasibility Study: note: share price did not move much!
- 12th Nov 2019 : RNS Number : 0329T Hydrological Assessment Complete
- 15th Jan 2020 : RNS Number: 8065Z Base Line Environmental Assessment Complete
- 28th Jan 2020: RNS Number: 0697B Rock Mechanics Assessment Complete

• Off-site Infrastructure
"Development on the access road for the project will be completed in a series of steps with the next being the completion of detailed ground survey work allowing for the refinement of final route selection to appropriately identify bridging requirements along the route. The Company is holding, and will continue to hold, discussions with Russian state authorities and Russian infrastructure funding organisations to identify and develop financing options for the access road."
- 22th Feb 2019 ; RNS Number: 8722Q Access Road Capital Cost Update

• Strategic Partner(s)
"Potential Strategic Partners can be defined as established mining corporates, smelting corporates, commodity traders, Private Equity funds, Sovereign Wealth Funds and Institutional investors. Engagement with organisations within this list has been ongoing through 2018 and will continue going forward. It is the objective of this Plan, with assistance from Amur's financial advisors, to increase the number of organisations that the Company is in discussions with regarding the future development of Kun-Manie."
- 7th Aug 2019 RNS Number : 1545I Board Appointment: Appointed of Thomas Bowens
- 13th Feb 2020 RNS Number : 8289C Advisor to the Board Appointment Appointed of Adam Habib
- Behind the scenes talks with NRR / Glencore for Off take and Strategic Partners?

• Phased Funding
"The Company is in the process of completing detailed plans for, and costing of, the engineering work to complete a full BFS. There is a strong possibility that this engineering work will be undertaken in conjunction with a Strategic Partner, therefore the funding for this work may be a product of a Strategic Partner agreement which may be at either the Company or asset level."
22 March 2019: RNS Number : 7344T Loan restruct

Hello Tacet

Someone may correct me but, I have been with AMC for over 7 years and to my knowledge, there hasn't been any mention of Rhodium, therefore I can only conclude that the potential income stream is not feasible. I would add if they start talking about Rhodium now I would be a little concerned.

No expect in TA I sold a batch recently at a price of 27.99 thinking it would drop back to the 20s!! Dohhhhh feeling stupid now!! (though I did make some profit ) Only have a small amount now 40K shares.

My tip is: when I sell some next time, the share price will probably go up, conversely, when I buy some shares it will go down!! I wonder if I can patent this TA indicator!!

Thought this would be helpful, if not read already
https://acfequityresearch.com/wp-content/uploads/2020/02/Eurasia-Mining-Plc-MA-Valuation-FINAL-ACF-03022020.pdf

Headline share price; GBp 54.8 to 60.6 .

Ok Ignore stupid question:

I guess, it depends on whether the content of the TEO is in the public domain, if it is and they state 2018 results then it will be anyway ! haha

Quote from TDT (Sat 23:11)
"I'm not sure the TEO will mean they have to release the 2018 drill results. Where does it say they have to?"

If you look report by Edison under the section titled Progress and next steps
REF: https://www.edisongroup.com/publication/russian-teo-status/25718/
"It is mandatory that any reserve must be approved by GKZ or TKZ before mining is allowed. GKZ/TKZ approval also includes transfer of reserves to the national mineral inventory or the state ‘balance’ of reserve"

So assuming I have interrupted the report, they will include 2018 drilling results within the TEO, if this is so, I assume they will need to make the drilling results of 2018 available within the public domain? Under AIM rules?

Thanks for the offer will hold you to that.

My memory didn't serve me too well on this occasion, it was you who was giving the advice, haha how foolish of me!

A few months back (possible a year ago now!!) there was talk about the repo market, Interest take on explaining the mechanics to a simpleton like me.

https://www.youtube.com/watch?v=w_UVdvTG01c

I think other factors are playing a bigger part now but thought it useful as I do my research and knowledge gathering.

https://www.youtube.com/watch?v=ThvFnFwJDd4