CEO's stating timelines not adhered to - seen this too often of late as it becomes a trend (intentional IMO due to the nature of the system we live in).
As much as I wish we would get the PFS as indicated, it feels that the lack of at least some sort of communication (as a matter of decency more than anything else) that there will be a delay or otherwise, shows me that someone else other then RY is pulling the strings. Hmm....we can only watch and observe for now.
Another reason I'd like to see the PFS rns delayed until the parasites are spent is that we've had no speculative buys whatsover in the build up to the pfs rns , we've barely had an uptick.
If 'They' were out, you could bet your bottom dollar speculative money would have pushed us up to 12p+ in the run up to the PFS being released but because the parasites are in total control here the buyers won't touch us with a barge pole.
I mean c'mon, we're trading £60/70k worth of shares a day leading up to the release of a document that may show we have a $15 Billion asset. That's ridiculous. And when amc rns's the PFS the parasites will simply sell into all and any volume until the buyers get sickened and move on.
It just seems a complete waste of good news to me whilst Crede man the sell button with 16million rounds to dump but I'll just have to hope I'm completely wrong on this and that Robin delivers an rns that puts Crede to Bed and gives shareholders something to cheer about.
I think we're in the process of breaking out of a big wedge although it might be a tad too early to say. Hopefully it can continue throughout the week. I think we're gonna get news this week too that could kick it along.
For the first time they will compete in price and performance with petrol and diesel cars.
Companies are clambering to take the lead with billions in investments and promises to make the switch, but its pressure from governments that's driving this push from the industry.
It's an unlikely country that's leading the pack. In 2016 China brought more than 40 percent of the world's electric cars.
The rise of electric cars will challenge the world's thirst for oil. It could spark a global shift of power from countries that have enjoyed the influence that oil has bought. Beyond oil, attention will turn to lithium electric car batteries which rely on the mineral Cobalt. Two thirds of the world's cobalt comes from one country, the Democratic Republic of Congo. Demand for cobalt has doubled over the past five years and is set to triple by 2020.
But the electric car revolution is coming. After 2018 there will be no turning back.
I think theres more to the ups n downs of oil than just demand... but thats another subject.. But markets do work.. if theres a demand, theres a demand, but there will be speculators in there adding to the mix..
i have never criticised our board unlike some here.. and believe AMC will be developed one day. But EVs?..they reckon that on average people drive 45 miles per day back n foreth to work etc... no real urgent need for improved batteries for that! or indeed some super dooper charging stations.. but they have car battery that will be able to be recharged in 6 minutes.. fair enough but how big would that cable have to be to put the charge back in in 6 minutes?? There are lots of problems with changing to EVs.. which of course our government have not considered! We must rely on other things for demand our nickel.
interesting chart.. Remaining life years of selected world commodity reserves as of 2012 https://www.statista.com/statistics/260580/world-commodity-reserves/
''World production of nickel in mines was estimated to be some 2.25 million metric tons in 2016. Major countries in nickel mining include the Philippines, Russia, and Canada. Australia is the country with the largest reserves of nickel, followed by Brazil and Russia. Interestingly, nickel reserves are among metals and minerals with the least remaining life years, however because nickel is highly recyclable this poses less of a problem.''
I can only think that it'd be batteries with EVs pushing demand and creating a squeeze. Guess it's not only about EVs but that EV demand will push up demand for respective raw materials that go into all batteries
Aha... just as I am thinking.. theres something missing from the picture!
I am beginning to think that it is not EVs driving the rise in demand for lithium at al.. but other uses, that we are not even thinking about that's increasing that demand.
Still interested in how the EV thing is being linked to Lithium and lithium demand/supply, with it seems everyone scarpering to grab Lithium projects while many of them remain in early stages , but how there's no similar push/comparable discussion on Nickel?
Yes, perhaps there has been an oversupply in recent times, but when the work towards expansion of EV production and usage starts to kick in, present supply - with whatever 'oversupply' - won't cover it.
This before discussion, again, on the Sulphide/Laterite issue.
If EV interest has generated a scramble for lithium, and to some degree Cobalt, what about the nickel?
Hi Soot I think that you give markets too much credit where commodity pricing is concerned. Look at how oil has been all over the place or even how zinc has nearly doubled in a year and a half. The demand for EV's is not there yet. When it appears the markets will respond. In terms of the investment much of it is road infrastructure. However, the roads are not exclusively for AMC. Roads will be needed for strategic development of the area and other projects. Our BOD are developing the resource. The strategy should be to publicise the value such that together with other projects it makes government willing to invest in infrastructure. A large contribution from the state towards road building would transform the economics of this project. In the meantime the resource continues to grow. I remain patiently optimistic that this is all just a matter of time.
And yet no one has come forward.. There is something missing and I think it could be the 25% restriction.. yes we were not rated as strategic in 2010.. but now?
If people are to invest big, they want a bigger share than 25%!
And they were talking about both North & South Koreans being involved! That could be a problem!
The EV thing!
I see it being only mainly for city dwellers.. and how is it that we are the only people who realise that nickel is needed for batteries?? If nickel batteries were to be the big thing the price would be at least $7.50 now not struggling at $5 a 40% increase of its low of $3.60ish..
And Vale have shown the problem..
'Vale (VALE+0.5%) would mothball its nickel project on New Caledonia next year if it does not find a strategic partner prepared to purchase a 20%-40% stake, says CEO Fabio Schvartsman of the mine, which cost billions of dollars to build and has been plagued by problems.''
''...which cost billions of dollars to build and has been plagued by problems...''
No wonder investors are cautious!
$billion not enough overall hence that recent article acknowledging how the Far East is too big a proposition for one nation to develop. That is why there are so many parties (including the Korean $2billion; and Chinese $1billion-$2billion) at the table - together they can share the develop costs and get then reap the benefit. I am now picking the up how the Japanese have begun to make specific moves, in the case of Lithium, as a result of the EV thing.
Thanks Steve & good luck with your investments/trades too,Yes, I agree, we should always be on the lookout for any opportunity/anomalies that might procure us some profit from these high risk/high reward small caps.
This event appears to fall nicely in line with the below mining fund establishment.
Russia and China will establish a joint Mining Fund in Russias Far East before the end of 2017, CEO of the Far East Development Fund Alexei Chekunkov told Sputnik on Tuesday.
The Far East Development Fund and the Chinese company Metropoly agreed in March to create two joint funds, the Mining Fund and the fund on investments in infrastructure and construction.
"This year we will launch Mining Fund. Moreover we already have an understanding of its first potential projects and therefore we have a lot of progress on the Mining Fund. The projects will be implemented on the Far East territory," Chekunkov said.
Amur Minerals Corporation (AIM:AMC) will be attending ¡§Days of the Far East in Moscow¡¨ conference. This high-level event brings together government, business and investors with ties to the Far East of Russia, in which AMC¡¦s Kun-Manie project is located. Dignitaries such as Deputy Prime Minister and Presidential Envoy for Far East Yury Trutnev have announced their attendance. The Ministry for Far East Development, Far East Development Fund, Far East Investment Agency and others will also attend, as well as key government officials from Amur Oblast.
Sadly I didn't Schach, but happy to see you caught that one and are up a good 40% today!!
I do think it would be interesting to create a list of companies that have 'death spiral' financing, and then monitor them, see if any prospects improve enough that they can remove the death spiraller, which would be the signal to get in and go long. Could be interesting.
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