Member Info for topsharepicks

The way I see it its been an exercise for HK money to get a clean slate listing on AIM LSE

the company is saved has to be good no?

These kind of settlements invariably always see a massive rebound!

Range's Chairman, Kerry Gu, commented:
"I am delighted that we have been successful at signing this milestone agreement with LandOcean, which (if completed) will allow the Company to be completely debt-free and have sufficient cash resources to progress with new opportunities. The removal of debt is a fantastic outcome for the Company's shareholders and is vital to restore our financial health, increase liquidity and improve shareholder sentiment. I am also pleased with the consideration value of RRTL of almost US$95 million which is a testament to the quality of our Trinidad upstream assets.
Over the coming months, our focus will be aimed at securing the necessary approvals to complete this transformative transaction. As part of a wider strategy, we will also continue to evaluate new acquisition targets and review opportunities for our drilling business in Trinidad and interests in the Indonesian oil and gas project.
I am very excited about the future of our Company and once again would like to thank our stakeholders for their continued support during this process."

Shipping costs are a major incentive for Chinese looking at RGM:

At the moment, nickel supply from Brazil, where mining giants Vale and Anglo American are the largest producers, has only a relatively small role in helping offset expected shortages following the Indonesian ore export ban recently announced.

"You will also need to consider the shipping costs from South American ports to the biggest consumer – China compared with Indonesia or the Philippines, which are much closer to China," Wenyu Yao, senior commodities strategist at Dutch financial services and insurance group ING told BNamericas on Monday.

Vale's nickel production reached 45,000t in Q2, down 32% year-on-year.

About 3,900t of Vale's mined nickel comes from its Brazilian operation, Onça Puma, where output dropped 30.4% year-on-year. Compared to Q1, output was down 9.3%.

Furthermore, nearly half of Vale's nickel comes from Canada, with a smaller portion produced in the company's operations at New Caledonia.

Wenyu said that last year Canada contributed around 8% of global nickel mine supply and its output has seen a 15% year-on-year decline.

"New Caledonia is helping... but we don't think Canada and Brazil could do much help in the short term in light of the supply gap that Indonesia's ore export ban will cause to the global market," Wenyu added.

Brazil is the world's eight largest nickel producer.

One of the key factors is urgency, from December the Chinese are going to need Nickel ore ASAP.
RGM could most definitely be seen as a viable seaborne option for China.

This haul road could be built no problem look at the haul distances in Oz and africa

OWNERSHIP
100% owned by Oro Nickel – a joint-venture between Regency Mines plc (50%) and Battery Metals Pty Ltd (50%). The project is licensed to use Direct Nickel’s revolutionary nickel laterite treatment process.

LOCATION AND GEOLOGY
The licence is located in the Oro province in PNG 100km NE of Port Moresby near the Kokoda village. The weathered ultramafic bedrock has formed significant layers of nickel and cobalt bearing lateritic and saprolitic material which is overlain by volcanic ash up to about 6m thick.

Could still be argued RGM are undervalued today.
Plus they are well placed geographically for China

lots of price tinkering going on.

Suspect more late trades in coming days especially the 7p Friday could show tomorrow

to sell again

angry posters here BUT several large buys today relative to the mcap!

later this week I think

where is the link

are they undertaking further JORC I thought the JORC was for entire resource can you post link for the 3%

someone's buying smallish £2k chunk since this am

interesting for a small investment considering a small £1000 to start. One single RNS could see this multi bag easilly the demand is definitely out there and as I said one smallish bulk carrier 50,000 could contain £8 million nickel very roughly if allowing 0.9%

could they get JV or off take funded from ore sales?

The JORC implies a fair amount of Nickel and cobalt I wonder of one of the big Chinese could step in?

DSO direct shipping ore is better environmentally for PNG and could be very attractive to the Chinese right here today

example a bulk carrier with 50,000
at 1% nickel could in theory transport 500 tons nickel @$18500 per ton = $9 million nickel per bulk load.

Not sure costs to transport and refine ect

but with today mcap £1 million each bulk carrier ship could carry 9x todays mcap

mcap £1 million has to be a potential multibag from here IMO

in todays market this is still cheap was researching this Friday and this morning:
JORC Resource of 162.5 million tonnes @ 0.94% Ni and 0.09% Co (1.53 million tonnes of nickel)

Again you didn't read the post properly:-

"Unless the SP breaks out of the current downward channel"

I bet I have a bigger holding than you!

filtered what a load of drivel the last part is quite disturbing

Geng its obvious what your mistake was:
No real Support now
16 Jul 2019 16:53
There really is no support now and no appetite from PI's to buy. Unless the SP breaks out of the current downward channel then very long term horizontal support of 0.8p is the next 'bottom'.
http://invst.ly/ba04d
I moved most of my AMC into HZM (which I've also held for a while) at the end of June as they are further down the road the chart looks great with a jucy GAP and at the time the SP's of both were around the same value. Short term I think HZM has more chance of 4p+ than AMC. Both are Nickel plays but HZM are actually doing something and releasing news!

Thats sums it up you mostly sold out and want a lower price to buy back.

Lets leave it shall we reading your post history the last 10 posts half have been a verbal attack on me.

Your statement "You really don't give up do you!"

Give up what? thats is a very telling statement...…….

theres so much anger there why? I expected this to rise weeks ago it has.

I know full well AMC isnt generating a penny I know fully well where this is in the mining cycle.

Question whats 3.6p got to do with anything?