Considering the projected EV investment and boom, comparatively little said about the relevance of Sulphide, in my opinion.
The thing with the nickel price increasing is that a) [at least I hope] put pressure on parties to a cut a deal sooner rather later before rising prices enable companies like AMC in a stronger position (what a ludicrous notion, I know ); and b) it increases confidence in the market place, leading investors to feel more confident about the commodity and respective projects.
At a minimum it provides optimism for lowly PIs at AMC who've gone without PFS and are therefore hungry for something posolute!
You could perhaps be forgiven, not by me of course, for thinking that the current rise is due to a shortage of sulphide and that laterite makes up the bulk of the stock overhang. And yet there was that piece that Jinchuan ''craved laterite'' I don't understand it but there you go?
''The construction of WP＆RKA laterite project started on November 25, 2016 in North Maluku Province, Republic of Indonesia. The project was invested by Jinchuan. This event marked Jinchuans entry into the nickel laterite industry.
The project is on the list of China- Indonesia flagship projects of government-to-government production capacity cooperation under the "Belt and Road" initiative, which is compiled by the National Development and Reform Commission. A state-of-the-art RKEF process is used, which features closed circuit, energy-saving and environmental-friendliness. The project will process 1.70 million metric tons of ore and produce 200,000 tonnes of ferronickel, with first production expected by the end of 2018.''
Nickel is found in two types of deposits: nickel laterites and nickel sulfide. Nickel laterites make up 60% of the worlds nickel resources, while nickel sulfides hold the remainder. Though Jinchuan holds Jinchuan Nickel Mine the third largest sulfide mine in the world, ''laterite business is something that Jinchuan has long craved for.''
The project is a milestone in Jinchuans drive to expend its global presence.
Through overseas M&A, Jinchuan owns 8 operating mineral projects in Africa, America and other Asian countries. It employs over 5,000 people at its overseas operations.''
Soot, except this mines in Indonesia and the Philippines are nickel laterite and not sulphide. If I were a large corporation making a play for a portion of the EV market then I would be looking at sulphide as a matter of first choice. Things on this front will become a little clearer very soon I'm sure.
What is strange about the nickel stocks is the huge rise from 150,000 to 470,000 30 months later! And at that time the nickel price is as was then nigh on $6..
And what also doesn't help us is all those mines in Indonesia and Phillipines that people here were gloating over closing or being put in care are gradually, as I feared n said, coming back on line!
Indeed, chill Schach, it will play out.
The fact is that if we receive unpalatable offers, we do have 200m shares with which to continue upgrading and improving our resource.
Lets be clear - the more and more we find and the better the grade - another 2017 drill season winner, ultimately this can't be left alone. Jin/Norilsk/Some other suitor will want to hammer down their supply of nickel sulphide NOW, not in the future when it will *likely* be trading at a higher premium than today.
The world still needs stainless steel.
And the world will shift towards EV as well.
It'll be fine. I get the stress of waiting - we're all a bit unhappy with it - but something about getting that share issue authority and the silence since has me convinced the gears are turning.
Sit back, chill, maybe check out the nickel price and decreasing stock levels. See how RNS Dumont wants to start producing their nickel cobalt resource (google it) and is seeking something like a cool $1b to do so - and their grade is horrific.
Schach, we have not received an offer from Jinchuan, so why focus on them? Nickel is a much needed commodity in the very near future so no need to panic about available suitors. Why always be so negative and despondent. To take AMC for a ride would kill all foreign investment in Russia especially in the eastern part which they are determined to develop rapidly (with foreign investors). I do not understand why you hang around AMC with your present mind-set.
Yes 2p would've been nice but altho a fading memory 63,000 @0.25p in early 2009, still not shabby.
What's there to be positive about..
we need more cash ... Wheres it coming from??
Perhaps you'd ask Crazy Towner that as he apparently doesn't read my posts .. chortle chortle!!
''..Ive had Soot on ignore for the last year, although I do get the jist of a few of his posts based upon how others respond...''
What cobblers.. hardly anyone responds to my posts.. for him to get the jist of anything I've said!
Fact is Randy as good as said in the TV interview after Vladivistok coupla years back that their efforts to raise cash/JV had not been achieved.. of course as the interview was in Russian no one here took any notice of he was actually said! They just thought it good he was on the telly!
RY & his team have tried and are still trying their damnedest to raise cash but we ended up with Crede!. I am sure RY was not happy with it but he lived with it and he delivered. So here we are in a limbo!
Crede are still here, they may be a long term investor with the shares they have left.. but if that is not the case and they are looking for an exit.. I cannot see anyone else stepping in to join them!.. top it off with a bolshie clique of share holders.. who will touch us?
yep the crede deal would've diluted us.. but look at other small companies all with more outstanding shares than us!EUA.L 1.87 billion shares!... How'd you think they arrived where they are... A diluted SP .. gives current PIs a chance to invest at lower levels... people like CT who shot their load way back hoping for a £ a share are sitting uncomfortably in their already full to the brim nappies!
Yes, of course, that would never happen,especially in far east of Russia-where everything is always played by book !
One only has to look at all the satisfied (not) shareholders of mining explorers that Jinchuan have aleady taken over to see that any concerns about cheap take overs is indeed unfounded.
But like you naively said, we can just refuse the take over..lol..
You obviously don't know how this game is played
! Jinchuan (or similar) usually take a 51% (or more) controlling stake on return for a cash payment and promise of investment,they then gradually fabricate difficulties with viability of the mine,extra costs ect ect and force (note the word force) through a cheap take over with little gain for shareholders.
Check out all the disgruntled mining explorer shareholders that have already been taken out by Jinchuan,some even set up action groups against Jinchuan but all to no avail.
Make no mistake, this is the Wild West of the investment world where anything & everything goes !
Sure, like you, I'd love 45p too, and I hope we get it but I'm also realistic about the possibility of a cheap TO here,so I'll be taking profits on the spikes and scaling down before the TO.
Regarding the definition of the word stalemate,you are just being pedantic ! I was simply using the word ' loosely' to describe the current situation in amc.
As you know Ive had Soot on ignore for the last year, although I do get the jist of a few of his posts based upon how others respond.
Soot will always be remembered on this and the other boards as the individual that voted to keep Crede whilst stating that they didnt care if they got wiped out as they were on a free carry and the share had been fun.
As a benchmark for anything that occurs in the future, seeing Crede through T4 & subsequently T5 as he desired would likely have resulted in AMC issuing 500m shares for just 5m GBP (If we base Crede getting the warrants for free as they always have). Thats just 1p per share!
As it is, work has continued unhindered with an incredible 2017 drilling season, no further cash raises to date, Medea have come on board and identified opportunities and what will be an incredible PFS is imminent.
So personally, I have no interest in his posts. At the end of the day I am certain that for the most important decision we shareholders had to make he will be proven massively wrong.
What really cracks me up is that he will ultimately owe the likes of myself and all others who recognised how bad the Crede deal was for his AMC return being better in the future than his decision would have led it to be.
Schachmeister. You being the chessmaster will know that a stalemate means game over. Regarding ridiculous take-over offers, - well we do not have to accept them. As there is nobody holding a large stake, a crazy offer cannot be forced through. In any case crazy offfers attract other interested parties. I would imagine a potential byuer would start building a stake which would also help the share price. I expect a take offer price to be close to the two year high of around 45p.
It seems my impression that our management were inept is bordering on positive compared to Meister&Meistre Inc. who seem to think that the companies aim is to use and abuse the pis
Oh well this time next week,month or year as they say
This would also answer my niggling question of why the board won't touch their own company with a barge pole and may also explain why we have no ii's.
Yes Soot, the 400% premium is a classic headline type with many of these small explorers that get taken over.
I like this line of thinking, it's far more realistic,although Jinchuan usually only pay around a 50% premium.
Jinchuan & Norlisk will both be out to brutally rape amc shareholders and they will do all in their power to get Kun Manie as cheap as they possibly can.They will use every trick in the book & many more tricks that aren't even in the book to pick Kun Manie up for a Nickel & a Dime.
And when SP Angell our brokers didn't mention us but mentioned a copper company in Georgia I got the feeling we were being sidelined to let the price drift down to 2p then someone buys us for 10p ........big headline "400% premium on small British miner in Russia!"
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