Amur Minerals Share Discussion Threads

[nolosstillsell] 18/9/2019 16:41

Just need a Russian admin person. You there Tad?

[billyrayvalentine] 18/9/2019 16:33

...maybe [e-mail] would be able to spill some beans ;-)

[showercubicle] 18/9/2019 16:28

If Norlisk wants 'quiet' they get 'quiet' !

[nolosstillsell] 18/9/2019 16:28

August 2018 Rns... "Metallurgical sample collection continued during the month with approximately 2,000 m remaining to be drilled. Completion of this work will provide the Company with a metallurgical sample in the order of 15.0 tonnes. About half will have been derived along the IKEN - KUB Trend and the other half having been acquired during drilling at the MKF Orebody. The 15.0 tonne sample will enable the Company to undertake a combination of bench and pilot plant scale test work for final flow sheet design and engineering of the plant, capable of treating the mine life ore variability range whilst also providing key information for consideration in the design and construction of a Low Grade Matte production facility."

November 2018 Rns...During September and October 2018, the remainder of the representative bulk sample was collected from IKEN, KUB and the area lying between. During the season, a total of 36 holes (6,604.4 m) containing approximately 7.5 tonnes of mineralisation was acquired, bringing the cumulative project wide bulk metallurgical sample to approximately 15 tonnes. This sample will be used to establish final flow sheet designs, metallurgical recoveries, ore variabilities, plant design, and determination of a furnace / flash smelter design with the potential to generate a Low Grade Matte ("LGM").

I think its fairly conclusive that this is the big bulk sample test. So is it with/for a strategic partner like RY said in the November meeting?! HHmmm. :)

[nolosstillsell] 18/9/2019 16:17

Can anyone recall how much we had as a bulk sample?

10 tonnes seems a fair bit?

[nolosstillsell] 18/9/2019 16:13

I asked RY at the meeting last year about the bulk sample and he said it would be analysed with a Strategic partner.

Also I wonder what the cost of this would be and how it will be paid for.

[billyrayvalentine] 18/9/2019 16:00

...gizmo, Kudos to 8adger from LSE, I've only done pdfs' OCR & C&P into Google's translator ;-)

[qui quaerit reperit] 18/9/2019 15:52

Could be buddy, could be...also another option is that Government may be pushing this ahead because Putin gave them just over 2 months to get the plans in place and sign it, so it may be that this is Government involvement to confirm some their numbers...

[gizmohican] 18/9/2019 15:50

Thanks billyray great find!

[crazytowner] 18/9/2019 15:47

Looks like utilising the bulk sample, the completion date is fairly short too..Got to wonder whether an external party wants this done quickly now as will be important in designing a shared smelter

[crazytowner] 18/9/2019 15:35

ebomber..... A proven liar, deceitful individual and fantasy hindsight trader..Should be ignored at all cost

[ebomber] 18/9/2019 15:31

AMC is currently in the lock Jaws of Riverfort.

Around 100 million shares yet to convert plus over 20 million share overhang today!!!

Ladies and gentleman we have at least 5 months of share price collapse on the STRICT BASIS WE HAVE 1 MILLION NET BUYS EVERY DAY FOR THE NEXT 100 TRADING DAYS!!!.

As this is unlikely to happen would suggest a couple of years before the 100 million shares are cleared. Unfortunately, additional "death spiral financing" will occur in coming weeks if AMC company collapse does not happen first.

Whats "death spiral financing" I hear you cry?

Death Spiral Financing : The result of a badly structured convertible financing used to fund primarily small cap companies in the marketplace, causing the company’s stock to fall dramatically, which can lead to the company’s ultimate downfall.

Under a “death spiral” scenario, the holder of the convertible debt might short the issuer’s common stock, causing the stock price to decline, at which time the debt holder converts some of the convertible debt to common shares with which he then covers the debt holder's short position. The debt holder continues to sell short and cover with converted stock, which, along with selling by other shareholders alarmed by the falling price, continually weakens the share price, making the shares unattractive to new investors and possibly severely limiting the company’s ability to obtain new financing if necessary.

Companies willing to agree to financing on these terms often could not obtain funding through any other means due to their early development stage or credit risk.


SUB 1 PENCE --------- 98% DILUTION

[qui quaerit reperit] 18/9/2019 15:30

Looks like Norilsk arranged this...???"Invitation to participate in the procurement procedureGipronickel Institute LLC invites you to participate in the following procurement procedure"Of curse we won't hear anything from RY...

[qui quaerit reperit] 18/9/2019 15:26

Thanks for translating document! I was just about to do this too but saw you've already dine it. Cheers

[crazytowner] 18/9/2019 15:21

What's interesting is how short the time frame is.Was this recently posted?

[billyrayvalentine] 18/9/2019 15:20

...and "Technical task" pdf's, enjoy ;-)

"TECHNICAL TASK
to perform work on the topic:
"Semi-industrial tests of representative technological
samples of copper-nickel ores of the Kun-Manye deposit "
1. Purpose of the work and initial data: Conducting semi-industrial tests of the enrichment of copper-nickel ores of the Kun-Manye deposit, confirming the correctness of the choice of the technological scheme and the possibility of obtaining the inherent processing indicators.
Semi-industrial tests (PPI) are carried out according to the technology developed by Gipronickel Institute LLC for the enrichment of copper-nickel ores to confirm the enrichment indicators obtained in laboratory samples, to refine the reagent mode in continuous mode at the OPU, as well as to produce copper-nickel concentrate and tailings for thickening studies.
The tests are carried out on a semi-industrial representative sample (half core) weighing 10 tons. The sample is provided by the main customer of Cun-Magnier. Sample transportation from the Customer to the place of semi-industrial testing is carried out at the expense of the forces and means of the main Customer.
2. Terms of work:
Start of work: 09/30/2019
Completion date: 11/25/2019
3. The content of the work.
No.
this
na Name of work Start
fulfillment
Works End
fulfillment
Works Products
reporting
1 Ore crushing.
Installation of equipment for PPI in accordance with the provided technological and water-slurry schemes and recommendations for hardware design.
Formation of a semi-industrial technological test.
Conducting semi-industrial tests (PPI) according to the technology developed by Gipronickel Institute LLC with the production of batches of concentrates and tails for studies of their thickening. Conducting studies on the concentration of enrichment products. Preparation of test report. 09/30/2019 11/25/2019 PPI report
4. Basic requirements for the performance of work.


Semi-industrial technological testing of the developed scheme is the most important, final stage of field exploration and
preparing it for industrial development. Tests are conducted in order to verify the effectiveness of the developed technological scheme in a closed loop when organizing a continuous process, studying the issue of the degree of distribution of intermediate products upon their return to head operations or development in a separate cycle, the need to refine individual components of the scheme, and obtain in sufficient quantities the main ore enrichment products for sample preparation with a reliable content of valuable components.
One of the important stages of conducting semi-industrial tests is the adjustment of the technological process with the adjustment of the reagent mode and physical modes for operations and nodes of the circuit, as well as making, if necessary, changes to the recommended circuit. Tests begin with the recommended technological regimen specified during preliminary studies. At the same time, paying special attention to ensuring the stability of the process, identifying the causes of its unevenness in individual operations and taking measures to eliminate them. After determining the optimal scheme and the technological regime of ore processing, continuous tests (usually within 10-20 shifts) are carried out in a constant technological mode in order to determine the possibility of stable operation of the scheme. The more thoroughly the proposed technological scheme is tested, the more reliable are the indicators that should be obtained after the construction of the processing plant.
PPI are carried out on the equipment of a pilot plant with a capacity of 200 kg / h in continuous mode and in a closed cycle according to the scheme provided by the Customer (Figure 1). On the equipment available to the Contractor, the full control cycle of technological tests with flexible readjustment should be provided at the OPU, starting from crushing (initial ore fineness not more than 210 mm) and ending in continuous stable production of finished copper-nickel concentrate and tailings. The water supply system of the pilot plant should allow conducting technological tests, both in fresh water and in closed water circulation using thickeners that simulate the tailings pond, which will provide the opportunity for the development and semi-industrial verification of environmentally cleaner processing technologies.
Reagents used for flotation are provided by the Customer.
After sampling, the Contractor performs the crushing of samples with the selection of the initial samples for subsequent execution by the Contractor of the control chemical analysis of samples for nickel, copper, iron, sulfur.
After receiving the control chemical analysis, the Contractor agrees with the Customer on the Baseline data on the formation and averaging of the semi-industrial sample. PPI are carried out in accordance with the Program of PPI developed by Gipronickel Institute LLC, which includes the technological scheme, reagent mode, qualitative-quantitative scheme, recommendations for the technological process, and a testing card.
Chemical analysis of selected products of local testing of the technological scheme is carried out by the Contractor for the content of N1, Cu, 5.
The chemical analysis of the selected balance end products of enrichment is carried out by the Contractor for the content of elements N1, Cu, Co, Fe, 5, MdO, AlOz, 5Y2.
On the resulting concentrate and tails, thickening tests are performed.
The results of the work performed are issued in the form of a report containing information on the results of semi-industrial tests.
Semi-industrial testing of technological schemes is carried out under the scientific supervision of representatives of the Customer.
The contractor must have at least 10 years of experience in the installation and experience in testing copper-nickel ores.
5. The way to implement the results of the work.
The results of PPI will be used as initial data for the development of technological regulations for the enrichment of copper-nickel ores in the Kun-Manye deposit.
6. The list of technical products.
The Contractor provides the Customer with the results of work in 3 copies. in paper form and on electronic media.
7. The order of consideration and acceptance of work.
Scientific and technical products are considered in accordance with the acceptance procedure at Gipronickel Institute LLC."

[nolosstillsell] 18/9/2019 15:17

Ok thanks, so either AMC has asked Gipronickel to carry out the work and they are basically sub contracting it out or Norilsk have asked for it to be done and are obviously going to arrange this through Gipronickel.

Its a great find though but I wish it was clearer who wants the info.

[billyrayvalentine] 18/9/2019 15:12

...Google's raw translation of the "Invitation" pdf (y)

"Invitation to participate in the procurement procedure
Gipronickel Institute LLC invites you to participate in the following procurement procedure:
1. Subject of procurement Performing semi-industrial tests of the enrichment of copper - nickel ores of the Kun - Manye deposit in a continuous mode and in a closed cycle to confirm the technological parameters obtained from laboratory samples.
2. Purchase tool. Open request for proposals. The invitation is published on the official website of Gipronickel Institute LLC ООО; ± p; // lgsh№.tske1.5pb.1ch1 in the "Tenders" section
3. Deadline for the submission of a proposal. A participant in the Procurement Procedure may submit qualification documents and technical specifications no later than 15 hours on September 20, 2019 in the following way:
1) by post to the address: 11, Grazhdansky Ave., Deputy Chairman of the Tender Commission Shishkov D.V.,
2) By mail to the address: 195220, St. Petersburg, PO Box 180, Gipronickel Institute LLC. On the envelope indicate: To the Deputy Chairman of the Tender Commission Shishkov D.V.,
3} By e-mail at e-mail: 2au1zeuUa> / 4. Delivery basis According to the results of the procurement procedure, the Agreement is concluded in the form of the Customer.
The cost of the Work includes all the costs of the Contractor related to the performance of the Work and the delivery of the result of the Work to the Customer’s site at the address: 11, Grazhdansky pr., St. Petersburg, 195220.
5. Form, terms and conditions of payment. Payments are made in non-cash form.
The cost of the work proposed by the winner of the Tender is fixed in the Agreement for the entire duration of the Agreement. Payment for work under the Agreement may be made in one of the following ways:
- upon completion of the Works no earlier than 30 (thirty), but no later than 45 (forty-five) calendar days from the date of acceptance of the result of the Works and the signing by the Customer of the act of delivery and acceptance of the completed Works.
- by transferring an advance payment of 30% of the total cost within 10 calendar days from the date of signing the Agreement, the remaining 70% of the total cost not earlier than 60 (sixty) calendar days, but not later than 75 (seventy five) calendar days from the date of signing The customer of the act of acceptance of the work performed.
6. Duration of work. Work is carried out by the date of 11/25/2019.
7. Special acceptance conditions, packaging and transportation requirements. Not required.
8. Requirements for certification of Works, licenses, admissions to a certain type of Works. Not required.
9. Environmental requirements, requirements for the validation of the Goods, processes and equipment, to the qualifications of personnel, to the Supplier's quality management system (if applicable). Documents on the availability of material and technical base necessary for the performance of work under the contract;
Copies of customer reviews and letters of recommendation confirming that the participant has the necessary experience in the procurement subject;
- A certificate of the number of employees of the organization, indicating the positions and attachment of copies of valid certificates and certificates of specialists of the organization - participant (if any).
10. Requirements for the size and method / form of ensuring the fulfillment of the Contractor's obligations to conclude and / or fulfill the contract. Not required.
11. The requirement to provide documents confirming the possibility of the Provider providing security for the fulfillment of obligations to conclude and / or fulfill the contract for purchases conducted as part of Tenders. Not required.
12. The requirement to submit documents confirming the reliability of the Supplier in accordance with the requirements of the Regulation on contract work, including the balance sheet, statement of financial results for the last reporting period (a copy certified by an authorized person or the chief accountant of the Supplier indicating the date of certification), and also certificates of taxpayer (tax payer, tax) performance - Notification of the application of the simplified taxation system (STS) issued by the tax authority - if applicable by the organization of the simplified tax system, or a certificate stating that the counterparty is a VAT payer (indicating the taxation system on which it is located);
- A statement from the Federal Tax Service about the counterparty’s lack of accrued taxes, fees and other obligatory payments to budgets of any level or state extra-budgetary funds for the last reporting quarter of the current year;
agent) the obligation to pay taxes, fees, penalties, fines, issued no earlier than three months before the date of application for participation in the procurement procedure in the form approved by the relevant Order of the Federal Tax Service of Russia. - The balance sheet and the profit and loss statement at the last reporting date, and also, if available, an audit report on the financial statements for the last reporting year;
- Information about the decision on liquidation or reorganization adopted with respect to the counterparty, an application for declaring it insolvent, seizing its property, being in arbitration (arbitration, general jurisdiction) courts, making decisions on which may negatively affect the possibility of further activities a participant with existing performance indicators;
13. The requirement to submit documents proving legal capacity and the existence of business relations between the Supplier and the manufacturer of the Products. - Counterparty card signed by the head of the organization and certified by the seal of the organization;
- The charter of the organization (in the full version and in the edition in force at the time of the transaction);
- Memorandum of Association (foundation agreement) of the organization - if any;
- Certificate of state registration of a legal entity, as well as a certificate of entry in the Unified State Register of Legal Entities (issued by the relevant tax authority for all changes related to and not related to amendments to the constituent documents of the counterparty) - for legal entities registered before 04.07. year 2013;
- The register entry sheet, compiled according to form No. 50007
- for legal entities registered after 07/04/2013;
- Certificate of registration of the organization with tax records;
- Power of attorney for the signatory - provided that the contract is signed by a person authorized on the basis of the relevant power of attorney;
- For legal entities - an extract from the Unified State Register of Legal Entities or a copy thereof (by the date of issue no later than one month prior to the date of conclusion of the transaction);
- For individual entrepreneurs - an extract from the Unified State Register of Individual Entrepreneurs, or a copy thereof (the date of issue no later than one month prior to the date of the transaction);
- For non-resident organizations - documents confirming the legal status of a legal entity according to the legislation of the country of registration (incorporation) of a foreign legal entity, in particular, constituent documents and documents,confirming the state registration of a legal entity, an extract from the trade register or other documents of the official authorized body of the country of registration, confirming the legal capacity of the organization, with a certified translation into Russian;
- For non-resident organizations - if necessary, information on tax registration in the Russian Federation and documents confirming the existence of a tax exemption, as well as a copy of the annual report (except for suppliers registered in the Republic of Belarus);
- Information about the decision on liquidation or reorganization adopted with respect to the counterparty, an application for declaring it insolvent, seizing its property, being in arbitration (arbitration, general jurisdiction) courts, making decisions on which may negatively affect the possibility of further activities participant with existing performance indicators.
14. Terms of liability for breach of obligations, applicable law and jurisdiction. Terms of liability in accordance with the contract. Applicable law - substantive and procedural law of the Russian Federation.
Disputes and disagreements are subject to consideration in the Arbitration Court of St. Petersburg and the Leningrad Region with mandatory observance of the pre-trial claim procedure.
15. Other special requirements of the Customer. The official language of the Procurement Procedure is Russian. Documents drawn up in another language must have a certified translation into Russian. The currency of the procurement procedure is the Russian ruble.
16. Other necessary requirements Not required.
17. The list and values ​​of individual characteristics that the product should possess In accordance with the statement of work.
18. Other necessary information and requirements (to the Qualifications of the supplier, the ability to provide analogues, guarantees for the certification of the Products, the year of manufacture of the Products, etc.) Not required.
19. Validity period of KP / TKP Not less than 120 calendar days from the date of sending Attached to this invitation to participate in the procurement procedure is attached:
- Technical task;
- Counterparty card in the format bos.
Typical contract form in the format with!
The procurement procedure is an internal procedure for the selection of Suppliers by the Company and should not be considered as tendering in the sense of Articles 447-449 of the Civil Code of the Russian Federation, nor is it a public tender, which is regulated by Chapter 57 of the Civil Code of the Russian Federation.
Gipronickel Institute LLC reserves the right at any time to refuse to continue carrying out this procurement procedure, to change the terms of its conduct, and also to refuse to conclude an agreement with the Contractor, whose proposal was recognized as the best based on the results of the procurement procedure.
At the same time, the participant bears any costs associated with participation in the procurement procedure on its own, the specified costs are not reimbursed by Institute Gipronickel LLC under any circumstances.
Questions related to the organization of this tender, filling out documentation, providing clarifications can be sent to the email address; [e-mail]
To fill out an application for participation in the tender in Russian. TCH to provide the Tender Organizer with the obligatory attachment of an estimate (estimate) or costing. The total cost of the work shall be indicated in Russian rubles, excluding VAT.
Send Dmitry Valerievich Shishkov - Deputy Chairman of the Tender Commission.
At the address: 195220, St. Petersburg, Grazhdansky pr., 11.
E-taN: [e-mail]
The transfer of information to other units of Gipronickel Institute LLC before the announcement of the results of the procurement procedure is not allowed. If these facts are discovered, Gipronickel Institute LLC reserves the right to exclude a potential Supplier from further participation in the Purchasing Procedure !!!
Failure to provide in full the documents specified in clauses 9, 12 and 13 of this Invitation, shall entail the disqualification of the participant and his removal from participation in the Tender !!!"

[seewhatimean] 18/9/2019 15:03

Or your made up Excel spreadsheet?

[seewhatimean] 18/9/2019 15:03

How is your fantasy Level 3 going?

[nolosstillsell] 18/9/2019 14:59

Gipronickel is a subsidiary of Norilsk.

How clear is it that Norilsk has requested the analysis work or is it just a contact that is on the documents (seeing as owned by Norilsk)?