Member Info for TrickyDicky2

The PFS came with this.

"AMC has compiled a Prefeasibility Study (“PFS”) evaluating the technical and economic potential of the Kun-Manie project that has been reviewed and evaluated by an independent and experienced mining specialist Mr. Kevin Wright (“Wrightech Engineering"), (CEng, CEnv, FIMMM)."

Evaluated once and now up for another independent evaluation. Wrightech Engineering last time RPM this time. It seems something is not playing out the way it should.

TDT

BobTpt

Nickel is now above $19,600/tonne, copper a tad under $9,000/tonne.

TDT

Asabutchersdog
Haven't a clue. The point Blackrhino1 makes about Putin’s desire to open up the Far East I think relevant. The issue, however, was more to do with attracting foreign investment to help open up the Far East not home grown companies doing it. I still think that's what they are trying to achieve. The problem Russia has in attracting foreign investment is part of the world will not touch them becuase of sanctions and the other part will not touch them becuase of a mutual mistrust/ enmity. Just look at the number of countries the Chinese have invested in wroldwide but how few Chinese backed projects there are in Russia. Likewise the number of large western miners with operations in Russia. You can count them on the fingers of one hand.

The size of the resource and the ever increasing nickel price (and copper price) means KM will have to be developed at some stage. Who is going to do that is not clear. Going it alone may turn out to be the only viable option so, to make that a possibility, best to put as much in place, NRR, TEO, JORC, as we can.

TDT

Spreader beams or raft foundations directly on the ground, short bore driven piles, there's a whole variety of different ways to deal with the problem of wet conditions. Construction work doesn't stop becuase of the rain. I think this is more to do with addressing the danagers of a slowly depleting bank balance during delicate funding negotiations than anything else. I think Ivornomoney is right.

Anyhow its all done now so onwards and upwards with a healthy balance sheets that should help deter any unwanted attention.

TDT

Ivornomoney

"I think it was a load of bs...."

Agreed. The long lead time excuse is (b)ollocks. You can place orders for a modest deposit securing your place in the queue for most capital equipment. As for starting work prior to the rainy season I've worked in some of the most rain sodden places on the planet and its never stopped the work we've been doing (outside construction work).

I think your guess about bolstering the balance sheet is more than likely to be an awful lot closer to the truth. As for the interview, prepared questions with JM reading answers off a prepared script.

Its money in te bank. We need to close the door on this and focus on the future. Funing confirmed before the end of H1, thats all that matters now.

TDT

Blackrhino1

I think you're right, TEO, updated JORC then sale. I doubt we will see a for sale sign though. A deal is likely to be negotiate behind the scenses then brought to shareholders to either approved or reject. The TEO to unlock state funding for the likes of the road, the JORC to unlock funding for the development of the mine. Having both in place would make KMs value and potential much clearer for a buyer.

TDT

As if nickel and copper going up weren't enough.

https://www.mining.com/iron-ore-prices-at-highest-since-september-2011-on-china-post-holiday-demand-outlook/?utm_source=IronOre_Digest&utm_medium=email&utm_campaign=MNG-DIGESTS&utm_content=httpswwwminingcomironorepricesathighestsinceseptember2011onchinapostholidaydemandoutlook

https://www.mining.com/web/iron-ore-imports-outside-china-show-signs-of-recovery/?utm_source=IronOre_Digest&utm_medium=email&utm_campaign=MNG-DIGESTS&utm_content=httpswwwminingcomwebironoreimportsoutsidechinashowsignsofrecovery

TDT

BwanaMakubwa

The buy side is far more robust that I expected. This could easily end up at or above yesterdays closing price, especially on a day when nickel has decided not to stop off at $19,000/tonne but to simply motor on off up to $20,000.

Good volume so far. If it continue we could be in for a surprise at the close.

TDT

https://www.youtube.com/watch?v=PM2RxWtF4Ds

TDT

ihowells

No I don't think you are over thinking, I thinks this is exactly what this means.

TDT

MrPartridge

Let’s hope this is the only similarity with SXX.

The placing explains a lot these past several months. The updating of the significant shareholders list on the web site and the persistent seller for a start. I think this placing has been in the offing for quite some time which begs the question are they having problems raising the funding to start construction.

The warrants are a pain as well. Once/if this starts to fly you don't want cheap warrants constantly being exercised and fed into the market.

This tarnishes Martin's golden boy image a bit in my opinion. The "project funding package for Araguaia involves multiple components that are being negotiated simultaneously" clearly wasn't true. I'm not sure I believe the "......will be used to initiate specific early works and advance long-lead time items...." excuse either. If it is true then it can only mean the main tranche of monies is not going to be buttoned down until close to the end of H1 (18 weeks away) as opposed to in the next few weeks or so. If agreement on the main monies were immanent they’re be no need for this discounted placing.

After the usual early morning panic this should settle down around the 8p level. Time for the brave to pick up a few more. With this all out in the open now it shouldn’t take too long for the share price to recover from the knock it’s going to take on the open.

TDT

Well that's going to (f)uck the dshare price, hopefully, only temporarily. A 7.5p placing is not what any of us were expecting.

TDT

I've just received a trading halt notification for Horizonte on the TSX. Anybody else got that?

TDT

Potter25/Key2

Agreed, my mistake.

TDT

Is this the same 3,500,000 "buy" for 0.475p from 10:28:42 hrs. when the bid/offer spread was 048p/0.52p? A trade that went through below the bid price at the time when other sells were going through at 0.484p? Is it that "buy"?

TDT

https://www.theguardian.com/business/2021/feb/17/mining-boom-commodity-supercycle-copper-nickel-price-investments-clean-energy

TDT

wasarunner

There's no reason why they should give any of Vermelho away. Once Araguaia is up and running debt financing for Vermelho becomes an option with the means to service that debt from Araguaia revenue. Once you have an income stream a whole variety of finance options open up to you that were not there before or were but with punitive terms.

I reckon we're valued at 20% of Araguaia 1's NPV at the moment with nothing for Araguaia 2 or Vermelho which is insane. I'm expecting all of that to change once funding is tied down and constructuon commences on site. At a guess I'd expect the SP to increase to 50% of Araguaia 1's NPV with a nominal 5% of Araguaia 2's NPV and 5% of Vermelho's NPV thrown in for good measure. In short anywhere between 30p and 35p.

TDT

https://www.moneycontrol.com/news/business/commodities/cautiously-bullish-on-copper-medium-term-prospects-for-nickel-to-remain-positive-6533511.html

TDT

I love the headline.

https://www.mining.com/nickel-was-king-in-ev-battery-capacity-deployment-in-2020/

TDT

Yes.

Reduced over the last couple of years to a relatively small holding, retained out of stubbornness/ curiosity more than anything else.

TDT