Member Info for TrickyDicky2

Lenoman

4 years and no takers! Does that not tell you all you need to know?

Where is the detail. Amur managed to produce and publish detailed maps, and reserve calculations, grades, pit shell analysis, waste calcs. and dumps, a flow sheet, 3Ds of the ore body etc. What has Eurasia produced that's remotely comparable? Nothing, nada, the middle of a donut.

https://www.dropbox.com/s/3jcdh0mn3mg7fid/2020_11_15%20Amur%20Minerals.pdf?dl=0

https://www.youtube.com/watch?v=DjI-3hXWlts

https://www.youtube.com/watch?v=51mY771gNTs&t=21s

The paucity of information tells another story. The devil is in the detail and right from the very start they haven't provided any.

TDT

"What will you do if you're with AJB?"

Take your business elsewhere. That's about the only effective action you can take.

TDT

BoB

"EUA by contrast"

Has feck all worth buying.

TDT

BoB

"AMC requires over $1 billion investment prior to any development due to lack of infra-structure, road and transport links...."

Wrong. Amur's initial CAPEX was stated, in the PFS, to be US$570.4m. Over LOM their sustain costs were an additional US$494.3m. The road you make such an issue of was costed at $135.8m. A 338km road in Russian terms is akin to being just around the corner. It's no big deal and the cost, as a proportion of the LOM cost is a mere 13%. All of the above assumes the toll and not the flash smelter option.

"EUA is in production...."

Don't you think you should add to that comment "loss making" somewhere? After all West Kytlim hasn't turned a profit in the years it's been in operation with two contract miners walking away from it.

Amur received an initial offer US$100m just before the war started. The terms were then revised to stretch payment out over several years. This, as you know, was rejected by PIs. The eventual sale price of $35m was what the market determined was Amur's value given the current geopolitical situation. You could call it a fire sale but I think that would be wrong. The asset was valued at $35m given current events and the restrictions in place. The eventual price was a market valuation.

TDT

......in progress?

TDT

Confetti time. Again!

TDT

The headline is rather shrill. The detail, however, is interesting.

"But most Indonesian smelters in operation, under construction and in planning stages, still serve the stainless industry, and commonly use a type of ore called saprolite. Overexploitation has caused Indonesia's saprolite reserves to quickly deplete, according to Lengkey, warning that it could only be another six years before such deposits dry up, considering the current pace of production capacity growth. APNI is calling on the government to impose a moratorium on the construction of new smelters processing saprolite."

"A shortfall of Class 1 nickel products -- sourced mainly from Russia, New Caledonia and Canada -- has shifted many battery makers' focus to processing Indonesia's low-grade ore into materials suitable for batteries through HPAL."

https://asia.nikkei.com/Spotlight/Market-Spotlight/Nickel-surplus-seen-widening-in-2023-as-Indonesian-output-soars

Seems Horizonte is going to be well placed given the rate at which Indonesia's nickel reserves are currently being plundered.

TDT

Or possibly Tom Bowens buying or maybe neither of the two. If the trade was one person buying I believe, under AIM rules, they have three days to inform the market so an RNS Monday, Tuesday at the latest. We shall see soon enough.

TDT

Oooops. Didn’t see these other posts. Sorry for the repetition.

If this is one person/entity buying 88m then expect a TR1 because that’s over 6.5% of the shares in issue.

TDT

15-Jun-23 - 16:32:04 - 0.29p - 88,806,241 - £257,540

That’s a big one from yesterday.

TDT

Goneawol

I think they will need to get share holder approval before they can become an investment company.

TDT

“….. but my aim is to exit AMC completely.”

Bye then!

TDT

“… ...no wonder it has been hard to buy anything recently.”

I bought today. I didn’t experience any problems.

TDT

“ Any one know what's driving the price up at the moment.”

Tom Bowens and the possibility of an RTO would be my guess but what do I know!

TDT

Mach_20

I don't believe there is anybody.

TDT

TDT

The big unknown is how much is left of the $5.3m . I think your assumptions on the attrition rate a bit on the heavy side. Apart from that everything else seem reasonable.

I think we’ll show cash in the bank value once that becomes clear. I’m not sure much will be added to the share price for the listing until an RTO is confirmed. We’ve only got 3 months to sort that out so adding value for something that could disappear shortly seems unlikely.

TDT

As I said earlier firefly1965 a recommendation from Zak Mir is the kiss of death and that's before you look at the current BOD's extensive list of previous failures/disasters.

TDT

Are you assuming this Ascent Resources offer is going to happen? I can'r imagine any sane person voting for that deal. That assumes the BOD put it up for a vote which I doubt they will.

TDT

“…… it could go either way after the merger”

Merger? What merger.

TDT

You’ve bought in here spec based on what? The old risk/reward argument? When the risk out weighs the reward to the extent it does here it’s reckless. There isn’t much distance between reckless and stupid.

TDT