Member Info for TrickyDicky2

mjb606

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

Kitco has nickel down to $10/lb.

TDT

Fickle nickel is at it again. Down to $10/lb or a drop of about one third on the day. So much for the LME's 15% daily limit.

Is the LME still fit for purpose?

TDT

So much for the LME's 15% limit on movement.

To be honest $10/lb to $12/lb is about where we want it to be anyway. At that sort of level it deters any mothballed mines from opening up (not that there's many mothballed mines out there to open up) and it reduces the incetive to thrift nickel out of batteries or replace it altogether.

Every cloud as they say.

TDT

......losses for the year by the looks of things. Might/should see a bounce tomorrow or later in the week.

First decent chunk of nickel leaving the LME for a while today, 972 tonnes.

TDT

brookieboy69

Quite possibly although JIM took up part of the last placing which, as far as I’m aware, didn’t go to PIs.

TDT

Stu_1978

Euroclear dropped off the list and ended up in the "others" total because they went below 3%. JIM and their shares came out of the "others" total because they went above 3%. It's perfectly possible that both of these events are independent of each other and the actions of two different parties.

JIM Nominees has been a named party before. They first appeared as a 3%+ holder back in October 2020 after the Nathan River Resources fund raise slowly selling down from that point over several months until they went below 3% on March 2021. JIM Nominees seems to have continued to sell once below 3% but it looks to me to have retained a portion of the shares issued at the fund raise. Whether the current JIM total is a combination of these legacy shares, plus Euroclear, plus shares bought in the open market or some other combination is impossible to tell for sure.

I think JIM and Euroclear hold shares for two separate entities.

TDT

"The selling from the others accounts to nominee accounts seems to support it."

I'm not seeing that. It looked to me like somebody was accumulating several months ago and I posted as much on this BB then out of the blue up popped Euroclear in December. Prior to it seeming as though somebody was accumulating the "Others" total back in July stood at 257,643,225. Today that figure is largely unchanged at 261,692,323. The accumulation that appears to be taking place looks to me like its a shifting of shares from the usual PI nominee accounts to the likes of Euroclear and JIM Nominees.

I could be wrong but that's how I see it.

TDT

Lucando

How do you arrive at that conclusion?

TDT

Updated 01/04/2022

JIM Nominees has re-appeared as a +3% holder after a long absence (41,672,093 on 03/03/2021 which was just over the reportable level mark at 3.01%). If you accept/assume that they've remained under the reporting threshold since that date then it means they acquired 1.31%+ of the company in the past several weeks or a minimum of 18,374,683 shares. It could be an awful lot more since we don't know how far they went below the 3% reporting threshold.

As for the other nominee accounts some have gone up some have gone down the risers and fallers more or less balancing which begs the question "where did JIM Nominee's 18m+ come from". The only place they can come from without registering elsewhere is the "Others" total. The "Others" total has gone down by the 60,046,776 shares now in the JIM Nominee account.

There's no guarantee that all the shares in the JIM Nominee account are held by one entity but if I were to hazard a guess I'd say they are.

TDT

Geng

I'm not so sure about that.

https://www.greencarreports.com/news/1127660_battery-electric-or-hydrogen-fuel-cell-vw-lays-out-why-one-is-the-winner

TDT

Food for thought.

https://cleantechnica.com/2022/03/31/lfp-battery-news-is-the-end-of-nickel-in-sight/

TDT

Leadership Changes

On October 27, 2021, Maryse Belanger, PureGold Director, and experienced mine operator and builder, stepped into the role of Mine General Manager at the PureGold Mine, following retirement by the incumbent. In this role, Ms. Bélanger oversaw all of the day-to-day operations of the PureGold Mine.
On January 4, 2022, Troy Fierro, PureGold Director and seasoned mining engineer, replaced Darin Labrenz as President & CEO. Chris Haubrich, PureGold Vice President Business Development, replaced Sean Tetzlaff as CFO. Ashley Kates, PureGold Corporate Controller, was promoted to Vice President Finance & Corporate Secretary.
On February 17, 2022, Terrence Smith was appointed to the position of Chief Operating Officer and Bryan Wilson was appointed Vice President Mine General Manager of the PureGold Mine. Phil Smerchanski was promoted to Vice President Exploration & Technical Services. Maryse Bélanger remains on PureGold’s Board of Directors.
Technical Report Update
Work on an updated Mineral Resource Estimate for the PureGold Mine including satellite deposits Wedge, Russet South and Fork is underway. Following completion of the updated resource estimate, an updated Technical Report is expected to be completed including an updated Mineral Reserve. Expected timing for the updated Technical Report is in the second half of 2022.

Financial results for the fourth quarter and year ended December 31, 2021, and subsequent to date for the Company and its 100% owned PureGold Mine Project (“PureGold Mine”) or the (“Project”) are as follows:

Mine operating loss of $13.2 million for the three months ended December 31, 2021. Mine operating loss of $19.1 million since the start of commercial production on August 1, 2021.
Revenues, net of refining costs of $15.9 million for the three months ended December 31, 2021. Revenues, net of refining costs since the start of commercial production on August 1, 2021 of $31.9 million. Total proceeds received from gold sales for the year ended December 31, 2021 was $56.6 million.
Net loss and comprehensive loss for the three and twelve months ended December 31, 2021 totaled $17.8 million and $34.9 million, respectively.
Basic and diluted loss per share for the three and twelve months ended December 31, 2021 of $0.04 and $0.08, respectively.
Cash balance as of December 31, 2021 of $8.5 million
Total loans and borrowings as of December 31, 2021 of $123.4 million
Gold Stream derivative liability as of December 31, 2021 of $44.7 million.

Ore Processing

For the quarter ended December 31, 2021, the PureGold Mine processed a total of 51,129 tonnes of ore, or an average of 556 tpd, at an average head grade of 4.8 grams of gold per tonne of ore (“g/t Au”) and achieved an average recovery of 95.3%.
For the year ended December 31, 2021, the PureGold Mine processed a total of 208,874 tonnes of ore, or an average of 576 tpd, at an average head grade of 4.2 g/t Au and achieved an average recovery of 95.1%.
The main operating units in the mill and process facility are performing as expected.
Mill upgrades are planned for the gravity circuit which are expected to increase gravity recovery by 10-15% and overall gold recoveries by 1-2% to 96-97% from 95%. These upgrades are also expected to reduce operating costs by reducing cyanide dosages (consumption) in leaching, carbon in carbon-in-pulp (CIP), and metabisulfite/copper sulfate in the detox circuit.
Several key upgrades were completed at the milling facilities during 2021 including the installation of interstage screens on each of the six CIP tanks, installation of a trommel screen on the SAG mill discharge, and several pump upgrades.
The mill has demonstrated capability of operating consistently and reliably at and above its design capacity of 800 tpd.
Significant progress was made in 2021 on permit amendments to increase annual ore production limits from 292,000 tonnes (800 tpd) to 360,000 tonnes (1,000 tpd), and final approval of the amendment is on track to be received well in advance of the current limit becoming a constraint on production.
Gold Production

Gold production for the quarter ended December 31, 2021 was 7,565 ounces and gold production for the year ended December 31, 2021 was 26,899 ounces.
Gold sold for the quarter ended December 31, 2021 was 7,100 ounces and gold sold for the year ended December 31, 2021 was 25,238 ounces.
Surface Exploration

A limited program of surface exploration drilling was completed outside of the mine reserve footprint during the first quarter of the year as the Company was focused on production ramp-up. Drilling at the Derlak and Gap targets with two surface rigs initiated in January, was completed in March 2021. The two surface drill rigs completed 5,234 metres of drilling on four deep holes at Derlak and Gap targets during 2021 with strong alteration and anomalous gold values intersected warranting follow-up. No surface exploration was completed during the last three quarters of 2021. Exploration is expected to resume in the second half of 2022.

PureGold Reports Fourth Quarter and Annual 2021 Operating and Financial Results

VANCOUVER, British Columbia, March 30, 2022 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (TSX-V:PGM, LSE:PUR) (“PureGold” or the “Company”), reports its fourth quarter and full year 2021 summary financial and operating results. The Company’s audited financial statements and related management’s discussion and analysis for the year ended December 31, 2021, will be available for download on SEDAR and on the Company’s website. All amounts are expressed in Canadian dollars (“$”), unless otherwise noted.

Key operating results for the fourth quarter and year ended December 31, 2021, and subsequent to date for the Company and its 100% owned PureGold Mine Project (“PureGold Mine” or the “Project”) are as follows:

Mining

For the quarter ended December 31, 2021, a total of 46,949 tonnes of ore were mined from the PureGold Mine, or an average of 510 tpd.
For the year ended December 31, 2021, a total of 177,192 tonnes of ore were mined from the PureGold Mine, or an average of 485 tpd.
Mined tonnes and gold grades have, on average, been lower than expected throughout 2021 due to shortages of high-grade ore at various times. High-grade ore shortages led to blending of low-grade material and stockpiles which reduced the overall feed grade to the mill. These shortages were caused by a combination of factors including development delays, insufficient scheduling flexibility, insufficient geologic information available for stopes prior to mining, equipment downtime, and strategic misalignments.
Significant changes to mine planning and scheduling were implemented during the fourth quarter of 2021 to establish and maintain access to enough high-confidence, high-grade stopes to feed the mill, with early signs of positive progress evident in December’s operating results. These changes include reorganization of information and workflow structures, resulting in enhanced accountability and reduced assay turnaround times. Additionally, definition drilling activity was expanded to provide mine planners with better information in a timely manner leading to improved stope designs and enhanced scheduling flexibility. Finally, a geologic confidence-based model was implemented to standardize decision making and improve mine scheduling and planning. Together, these changes are expected to drive sustainable increases in both ore throughput and head grade, though will require more time to fully implement.

"....... .Nickel battery demand expected to soar...."

"Sumitomo Metal sees global nickel demand for battery use at 410,000t in 2022"

https://www.mining.com/web/sumitomo-metal-sees-global-nickel-demand-for-battery-use-at-410000-in-2022/?utm_source=Battery_Metals_Digest&utm_medium=email&utm_campaign=MNG-DIGESTS&utm_content=sumitomo-metal-sees-global-nickel-demand-for-battery-use-at-410000t-in-2022

TDT

Stu_1978

Ramping is generally tedious and boring but ramping that is back-up with facts and references to company interviews and RNS's is both refreshing and worthwhile. Keep it up Stu_1978.

TDT

The Russian Copper Company! I guess that's Tom Bowens earning his crust.

https://igcopper.net/

$200m for IG Copper and, hopefully, £100m+ for Amur.

TDT

POLY, POG, EUA, AMC. They're all going through the same 30% to 40% uplift today. If peace is declared in Ukraine expect the upward trajectory to continue. If it doesn't.......

TDT

More volatility on the way by the looks of things.

"On March 14, Tsingshan said it had reached an agreement with banks to hold on to the company's nickel positions, signalling the billionaire was digging in his heels to ride out the crisis."

https://www.wionews.com/world/how-ukraine-war-left-chinas-nickel-king-on-hook-for-billions-465895

Nothing good will come from this in the long run.

TDT

SssEee

No surprise there. The share price has been pointing at another fund raise for months.

A jam tomorrow RNS.

TDT