Member Info for TrickyDicky2

Upcoming drills! £300,000! Seriously?

Wages and salaries in the 2022 accounts were £230,703.

This is a "dead man walking" share.

TDT

Commenting today, Executive Director Patrick Cheetham said:

“The proceeds of the Placing will allow the Company to continue Paying me my salary.”

TDT

I think a lot of people are going to be blind-sided by the impact of autonomous vehicles when they finally arrive. The prediction is the current private car fleet will reduce by 80% to 85% as people buy subscriptions with a self-drive taxi service. Uber without the driver.

That’s another area where Tesla is way out ahead of all the rest.

TDT

Battery metals experts at Benchmark recently estimated that at least 384 new graphite, lithium, nickel, and cobalt mines are needed in the next 12 years to feed a 500% increase in global battery demand.

Last week, Tesla (NASDAQ:TSLA) announced a 100GWh Gigafactory expansion in Nevada, which could see it become the largest Western producer of batteries.

Just look at these outrageous and impossible numbers from Benchmark, which emphasise just how metals-hungry these battery plants really are:

https://twitter.com/sdmoores/status/1619020915551113217?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1619020915551113217%7Ctwgr%5E424037a39bb9e7155b2f23fca4b380c16a69eb8c%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fstockhead.com.au%2Fresources%2Fhigh-voltage-teslas-supersized-gigafactory-could-need-2-lithium-4-cobalt-8-nickel-and-9-graphite-mines-worth-of-production-every-year%2F

TDT

"Tesla (NASDAQ:TSLA) has announced a 100GWh Giga factory expansion in Nevada."

"It could need up to 115,000t lithium, 15,000t cobalt, 14,000t manganese, 125,000t nickel and 170,000t graphite anode per year."

TDT

"If and when Tower are drilling Namibia or SA, their sp would have multi-bagged......"

You obviously haven't been around for very long. Tower has already drilled in Namibia and when they did they didn't multi-bag. On the contrary the duster they drilled saw the share price go through the floor.

TDT

...in the LME will start next week at 49,638 tonnes. That's just a tad off the most recent low of 49,500 tonnes on 17th. November 2022. Nickel stock in the LME has not been consistently below the 50,000 tonne level since 2008 and back then the market for nickel was probably 50% of what it is today. It's just a pity the LME has lost most, if not all, of its credibility as arbiter of the Class 1 market.

Still interesting though. Have a good weekend all.

TDT

In mining it goes by the rather prosaic name of "nearology". Suffice to say it's a somewhat discredited theory but still manages to pull the punters in. Having said that I'm involved in a couple of projects in Angola at the moment and the chatter is all about Namibia. Haven't heard anybody mention Tower though.

TDT

Moneymunch

"Tower's Namibian offshore acerage shares similar geology, features, Structures and traps to Shell and TotalEnergies mega discoveries....."

I seem to remember thinking something similar many years ago with regards to Tower's licenses in Uganda. Tower were drilling in the same location where Tullow had something like 28 successful drills out of 30. An extraordinary strike rate that made success for Tower appear inevitable. I can't remember now how many holes they drilled but they came up with the middle of a polo mint.

Just because somebody in the vicinity has found oil doesn't mean to say you will.

TDT

If it's a rollover it's an expensive one.

TDT

...... three days in succession.

TDT

With all this bad news the price of nickel should only be going one way yet.....

https://www.bloomberg.com/news/articles/2023-01-24/nornickel-cuts-output-of-key-battery-metals-on-repairs-and-fire

https://news.mongabay.com/2023/01/indonesia-nickel-mining-batteries-ev-environmental-license-foia/

https://asia.nikkei.com/Politics/Violence-at-Chinese-owned-nickel-smelter-in-Indonesia-raises-alarm2

Kitco going on the blink once is understandable but there has to more to this when it happens two days in succession.

TDT

Oooops. It’s stepped off again.

TDT.

I wonder what tomorrow will bring!

TDT

I did think it rather odd the way it dropped off the proverbial cliff. Glad to see it was just a glitch.

TDT

Hazbeen

".....if we can remain above $20k I am happy."

I guess that means you're not very happy then? Currently $18,403/tonne.

TDT

To add further confusion to today's events nickel in the LME fell by 822 tonnes today, the largest single daily drop for several weeks.

TDT

MadMat

I'm not entirely sure I understand either the content of your post or why you've arrived at what seems to me to be a rather irate tone. I'm not accusing you of trying to do anything. The point I'm making is quite a simple one. RY, as CEO of Amur Minerals, is responsible for guiding the company through difficult times. He is also responsible for pre-empting problems, the obvious one of which is to have an open line to our bank on the current requirements for receipt of monies being transferred from Russia. It seems to me that he's dropped the ball here. This is entirely on his shoulders.

That was the point being made., nothing more.

TDT

OilyRags

I was putting together a reply to your post when I noticed the precipitous fall in the nickel price on Kitco. That answers your "..... I would be buying and stockpiling all I could...." assumption far better than I ever could. Nobody is going to be stockpiling nickel for the simple reason that its unpredictable. Apart from that Indonesia could expand production of nickel even further as could Brazil, nickel could be thrifted out of EV batteries or replaced altogether, the Chinese might come up with a different configuration for stainless steel that reduces the amount of nickel used.

If you look at just how badly burned Big Shot got with his massive short on nickel recently you'll get some idea of how unlikely it is there's going to be large scale stockpiling of the stuff.

"Those who have knowledge, don't predict. Those who predict, don't have knowledge. - Lao Tzu"

TDT

https://www.dropbox.com/s/o4gm2rassxp4dlt/Screenshot%202023-01-23%20at%2013.39.31.png?dl=0
https://www.dropbox.com/s/80bgz8q33mpm4sz/Screenshot%202023-01-23%20at%2013.43.00.png?dl=0
https://www.dropbox.com/s/o6nnq1hbr06eze8/Screenshot%202023-01-23%20at%2013.39.08.png?dl=0

And for the conspiracy nuts who might think these Drop Box links have been Photo Shopped in some way.

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

TDT