The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
I agree with you.
The 10% possibly went in the hands of a person or entity, deeply involved with setting up some sort of deal and expects to finalise within three months, knowing ,that of the conclusion of such a deal, he/they will make a killing, owning 10% of the company and at the same time has some sort of controlling stake (however small) to steer it hid/their way. AIMHO off-course....
He/they therefore do not want their assistance being jeopardised by forces, who's only intention is to sell down for their benifit.
I am in Australia and a 10% purchase in a company here is often done to create a blocking stake in the event of an unfriendly takeover attempt.
Is this also the same on AIM?
If it is, then it could be plausible to think, that there is already someone lined up to JV or TO our company.
Don't post often, but have been in AMC for close to 10 years as well. Kicking myself for not selling part of my holdings shortly after the licence award. I thought, that the Greek crisis at the time was the reason for the down turn and was convinced it would come back to the previous level soon, after it all settled.
Now at 2.3p, I feel we need to climb first towards 20/30p in order to start talking of buy out prices of 60 to 80P, as without substantial institutional support, it will be a big stretch to expect a jump to the desired sell out figures from the current base.
Perhaps those institutional players might get interested, now with the nickel price climbing to levels, which our PFS was talking about.
Thanks JB,
Excuse my ignorance, as I have been mainly in oil stock over the last 20 years, but is there an in-ground value for our different reserves as there is for oil, before FID and production, or are these the figures mentioned before.
For example with oil: oil Brent price: US $62.00 /BO.
In-ground value over discovered reserves: up to US $4.00/BO
In-ground value over assesssed reserves at FID stage : US $10/BO
Blackstone acquires nickel mine to support EV metals strategy
https://www.asx.com.au/asxpdf/20190508/pdf/444xz0s7hkc8l8.pdf
Article in Australian Financial Review..
AFR Article...
===========
Jefferies snares $US2b SNE project mandate
Sarah Thompson and Anthony Macdonald
May 8, 2019 — 9.31pm
US investment bank Jefferies is the adviser shopping around a stake in the $US2 billion ($2.9 billion) SNE development in Senegal.
Street Talk understands Jefferies globally, including its dealmakers in Europe and Australia, have been sounding potential buyers about a deal thought to be on behalf of joint venture partners FAR Ltd and Cairn Energy.
Jefferies has nabbed the SNE selldown gig.
The SNE field is to be developed in phases, with plans for about 500 million barrels of production in all, and output of 100,000 barrels a day, starting in 2022. The partners have been evaluating responses from contractors to tenders for the supply of equipment and engineering services.
London-listed Cairn has been known for some time to be a seller of its stake. However, FAR is still locked in an arbitration process to try to settle a dispute dating back to when Woodside bought a stake in the venture from ConocoPhillips for $US430 million.
Jefferies has nabbed the SNE selldown gig. Supplied
FAR says its pre-emptive rights over the 35 per cent stake were ignored, a claim that Woodside chief executive Peter Coleman has dismissed as "frivolous and opportunistic".
Coleman said last week the company was aiming to reach a final go-ahead decision for the SNE project as soon as possible in the September quarter.
The move comes as African exploration assets have been thrown into focus through Total SA's $US8.8 billion deal to buy Anadarko Petroleum's African oil and gas portfolio should Occidental Petroleum win the takeover battle to acquire Anadarko.
Glencore announced yesterday, it will cap its global coal output and will not start any new mines, Glencore will instead focus on metals such as Cobalt, Nickel, Vanadium and Zinc, which are all key components of batteries as it targeted lower carbon industries.
Seeing they have oil assets in Russia, Glencore perhaps could be a candidate for our assets, as they will have to grow with other commodities than coal.
Thanks S0lis, but I have already enough for the time being.
I am accumulating on fully paid ones over the last weeks.
Will think of buying spread bets again, when I see some important milestones reached by AMC and an uptrend is established.
The Minerals Behind Battery Electric Vehicles
Abraham Darwyne
Research
11:00, 27th December 2018
What is going on?
Demand for lithium, cobalt, copper and nickel is rising as automakers accelerate manufacturing of battery electric vehicles (BEVs), according to a report by Moody’s.
These elementary metals are crucial for the production of electric batteries, with the report adding “significant investment in exploration and development of new mines will be necessary to meet the rising metal demand”.
“Declining ore grades for copper, continued lack of investment in new mines and the time required to bring new discoveries to production will constrain metal availability and, ultimately, the metal sector's ability to meet growing demand from automakers for battery electric vehicle production” says Carol Cowan, a Moody's Senior Vice President.
Moody's forecasts copper consumption in BEVs could increase more than six times based on the rating agency's base scenario of penetration levels reach 8% by mid-2020. This demand level would far outstrip supply, which will be relatively flat over the next several years.
Analysts expect BEV's share of new vehicle sales will rise to approximately 7%-8% by the mid-2020's and reach nearly 17%-19% by the late 2020's.
According to a report by Morgan Stanley: “As many as one billion battery electric vehicles (BEVs) could be on the road throughout the world by 2050.”
This is “spurred in part by existing and proposed emissions legislation that could sharply increase the cost of manufacturing internal combustion engines”
“A confluence of competitive, technological and regulatory forces have pulled-forward auto maker’s plans to aggressively introduce EVs over the next 3 to 5 years vs. 20 to 25 years previously.” said Adam Jonas, Morgan Stanley’s Head of Global Auto & Shared Mobility Research.
This follows an announcement by Denmark’s Prime Minister, Lars Lokke Rasmussen, to ban the sale of new fossil-fueled cars in 2030 and aim to have more than 1 million electric or hybrid vehicles on its roads by that date.
What are mining exploration and development companies doing?
2017 was a big year for two of the largest mining companies with Glencore (GLEN)
Follow
, producing 1.3 million tonnes of copper, and selling 4 million tonnes through its marketing business and Antofagasta (ANTO)
Follow
producing 704,300 tonnes from its assets.
With reports and forecasts that the BEV market is poised to grow substantially, AIM companies are also positioning themselves to gain exposure.
Bezant resources BZT
Follow
, gold-copper mining exploration and development company, currently owns the rights to a JORC compliant resource producing an estimated 20 million tonnes per annum of copper and gold.
The project is estimated to have a $3.7 billion post-tax net cashflow and a post-tax NPV of $739 million, this dwarfs its 3.4m mkt cap, currently listed on AIM at 0.34p a share.
Laure
If more money is needed, why not do a capital raise. Lot's of other companies have to do it in their initial stages.
If all is so close, than not that much money is needed to get to a PFS and after that they most likely can resort to reserved based lending. (AIMHO)
Please correct me if I am on the wrong track.
If more money is needed, why not do a capital raise. Lot's of other companies have to do it in their initial stages.
If all is so close, than not that much money is needed to get to a PFS and after that they most likely can resort to reserved based lending. (AIMHO)
Please correct me if I am on the wrong track.
If more money is needed, why not do a capital raise. Lot's of other companies have to do it in their initial stages.
If all is so close, than not that much money is needed to get to a PFS and after that they most likely can resort to reserved based lending. (AIMHO)
Please correct me if I am on the wrong track.
If more money is needed, why not do a capital raise. Lot's of other companies have to do it in their initial stages.
If all is so close, than not that much money is needed to get to a PFS and after that they most likely can resort to reserved based lending. (AIMHO)
Please correct me if I am on the wrong track.