Me, likewise, as just posted - it could be a computer glitch since I don't think it ever opened properly but it seems to be the only one on L2 which hasn't behaved normally vis a vis my extensive 'watch list'...
Such things usually get sorted fairly quickly (like a backwardation ) - If it's anything else, we might get an explanation tomorrow - sasa.
tbh it's hard to trust whatever is printed on some of these markets. A nil share - I remember the 1 share nonsense some time ago. I'd like to think it means something henge, and indeed those of us who have been here forever do grasp at straws where possible. Who knows pal.
Does anyone recall a nil trade day before? I have been invested in AMC for a ridiculously very long time and have NEVER seen a nil trade day before. Computer glitch perhaps or......................................
I note the volume has increased significantly over the last few days and this means one thing- P.I's have now begun buying ahead of the anticipated PFS.
Naturally, the sp has barely risen on this buying because Crede will be selling into any volume but I see this higher volume as good preparation for the PFS as they should then be all but spent by the time the PFS lands- leaving the sp free to rise naturally on the good news and I expect it to be good.
I anticipate the PFS to be very early June or even before because RY will know that some time will be required at higher volumes & a higher sp to meet the criteria for the 2nd installment, which, I believe, both he and Riverfort want and that's why I cannot see Riverfort selling into the spike until the criteria has, at least been met.
More speculators will arrive as the PFS draws nearer.
Putin approved the candidature of the new minister for the development of the Far East
PrimaMedia. Russian President Vladimir Putin approved the proposal on the candidacy of the new head of the Ministry of Economic Development, made by Prime Minister Dmitry Medvedev. Minister for the development of the Far East will be the current governor of the Amur region, Alexander Kozlov. At present, the acting head of the Minsk region is Alexander Galushka, who headed the department since September 2013.
In the Amur region, the career rise of the young governor was foreseen - a few days ago, political observers of Amur news agencies assumed an early reassignment of Alexander Kozlov. At the same time, there is no answer to the question, who in this case can become the next Amur governor.
Reference: The new Minister for the Development of the Far East - Alexander Kozlov at the time of appointment and further election as head of the Amur Region was the youngest governor in Russia. He was born on January 2, 1981 in the city of Yuzhno-Sakhalinsk. In 2003 he graduated from the Moscow Academy of Entrepreneurship under the government of Moscow in the specialty "jurisprudence".
In 2000-2007 he worked in the Amursky Coal LLC in the city of Raichikhinsk in various positions, the last of which was Deputy Director General for Legal Affairs and Corporate Security. In 2007 he was appointed director of the branch of CJSC "Russian Coal" in the city of Gukovo. Since 2008, he was the director of the branch of OAO "Russian Coal" in the city of Blagoveshchensk. From 2009 to 2010, he held the position of Director General of Amursky Coal LLC in the city of Raichikhinsk.
On February 2, 2011, Kozlov was appointed First Deputy Minister of Construction, Architecture and Housing and Communal Services of the Amur Region. From December 2011 to February 2014 - Minister of Housing and Communal Services of the Amur Region. From February to September 2014 - the first deputy head of the administration, acting head of the administration of the city of Blagoveshchensk. September 15, 2014 was elected to the post of mayor of Blagoveshchensk, gaining 38.68 percent of the vote.
March 25, 2015, Alexander Kozlov appointed acting governor of the Amur region in connection with the transfer of Oleg Kozhemyako in the Sakhalin region. Kozlov was 34 years old. At that time, he became the youngest governor in the history of the Amur election system.
The election of the governor was held on September 13, 2015. Alexander Kozlov won them in a bitter struggle, receiving 50.64 percent of the vote. His closest pursuer, LDPR representative Ivan Abramov, received more than 28 percent of the vote. And in Blagoveshchensk Abramov was the winner - over 45 percent of voters voted for him, whereas Kozlov scored more than 30 percent.
Good News for us,previous Governor of Amur Region become a Minister.From my previous posts,Kozlov is very supportive and many times mentioned Amur Minerals project in his speeches,and showed his full suport! Now he is a Minister...good,very good
Vice Prime Minister - the plenipotentiary of the Russian president in the Far Eastern Federal District Yuri Trutnev introduced the new Minister Alexander Kozlov to the staff of the Russian Ministry for Far Eastern Development.
According to Yuri Trutnev, the fact that the minister was born in the Far East and worked there for a long time, plays a significant role for his work in a new place. "I have been working in the Government of the Russian Federation for a long time and I am making decisions on changing the legislation. I necessarily think how this will affect the enterprises, what will happen to the economy, how it will affect the region, on the city. Alexander Alexandrovich has experience, and I hope that he will do exactly the same, "he said.
In his turn, Russian Minister for Development of the Far East Alexander Kozlov noted that the appointment is connected with the confidence of the country's leadership and the Far East themselves, the press service of the Ministry of Regional Development said.
"Far Easterners are people for whom actions, concrete deeds are important. We have mountains, taiga, rivers and seas. This is the edge for strong people. And this is not a distant territory, where to fly seven or more hours, and the land where Russia begins! We will work! "- said Alexander Kozlov.
The new head of Minskostokrazvitiya also told that the main attention of the ministry will be paid not only to attracting investments, but also to the social sphere.
"I am grateful for the high trust shown to me. And I understand all the responsibility that is assigned to the ministry. The Far East is the priority of the 21st century. Russian President Vladimir Putin has clearly indicated this. And now the Far East is viewed not in the context of a distant territory, but in the perspective of far-reaching plans. These are new points of growth and new areas of cooperation. These are investment projects, the construction of new enterprises, an increase in jobs, higher living standards and demography. All these are the main directions of development. As a radical Far East, I want to note that the Far East is a special region, "said Alexander Kozlov.
Recall, Russian President Vladimir Putin signed a decree appointing Minister of Development of the Far East Alexander Kozlov on May 18.
We saw the benefit of the Rouble devaluation when it came to paying for the licence!.. just over half price..
the russians could've demanded the same $ price that we had allowed for..
RY quoted capital costs at $600 million...this was originally goping to be $1.3-4 billion.. The cheap rouble has worked in our favour... as long as it stays cheap!
He quoted cost/lb at 2.,77??..at pre devaluation that would've been in the $5.40 region??
Will the rouble stay cheap..??
RY may have hedged the currency, common when operating in unstable currency countries , with Russian FDI at abysmal levels a strong rouble is unlikely especially with new sanctions , so they may have taken a bearish view on the Russian rouble ha ha and saved the hedge premium .
Current rouble rate savages imported goods cost but countered by dirt cheap local labour and material costs. The ratio balance between these two factors determine the decision to hedge or not , the objective being to de -risk as far as is economical to a nil- sum game.
Lack of positive comment from RY of late on local cost advantages of low rouble may indicate he has taken a position .
RY's cost figures are only valid while the rouble is half price...
Before the crasg The exchange rate was 30+ =$1
Today its 61... does anyone here think, with rising oil prices, that the rouble is going to continue at half price?
RY's tune has changed again when he says it's always been our goal to advance the project (to production) - no, it hasn't, as in the past I recall him saying we are here to de-risk to development phase and let someone else take over.
They have sufficient resource now but the main factor is the lack of the road (350 Km). This would also explain the delayed DFS to end of 2019.
At which point would a JV partner commit - is it when the road financing and permits are in place or when the road is partially/fully built - either way we have a wait.
I am therefore not expecting any proper financier coming forward yet and so upcoming PFS will only present a trading opportunity and no more IMO.
Happy to be wrong, as will continue holding until JV/TO tales place.
As a general rule, the mm's will widen a quote when there's little turnover going on (to make a reasonable margin on whatever activity there is) and, conversely, narrow it when the reverse applies, i.e higher activity generally facilitates a tighter quote.
The other occasion when the quote is noticeably wider than usual is when the mm's sense something might be going on / an announcement could be close and they fear being suddenly caught out, either way, so it's a defensive move on their part in reducing turnover until what, if anything, becomes clearer. Hope that helps - sasa.
Important message from the Financial Conduct Authority:
Posting inside information that is not public knowledge, or information that is false or misleading, may constitute market abuse.
This could lead to an unlimited fine and up to seven years in prison.
If you have any information, concerns or queries about market abuse, click here.
The content of the messages posted represents the opinions of the author, and does not represent the opinions of Interactive Investor Trading Limited or its affiliates and has not been approved or issued by Interactive Investor Trading Limited.
You should be aware that the other participants of the above discussion group are strangers to you and may make statements which may be misleading, deceptive or wrong.
Please remember that the value of investments or income from them may go down as well as up and that the past performance of an investment is not a guide to its performance in the future.
The discussion boards on this site are intended to be an information sharing forum and is not intended to address your particular requirements.
Whilst information provided on them can help with your investment research you need to consider carefully whether you should make (or refraining from making) investment or other decisions based on what you see without doing further research on investments you are interested in.
Participating in this forum cannot be a substitute for obtaining advice from an appropriate expert independent adviser who takes into account your circumstances and specific investment needs in selected investments that are appropriate for you.