Amur Minerals Share Discussion Threads

[reggie123] 19/4/2018 20:28

At least Robin & others are parting with their £625/mth so all's not lost (yet)

[madengland_] 19/4/2018 18:15

Bad see the statement below...."If the Company elects not to repay any installment on the applicable monthly repayment date, then the Investors can elect to convert that outstanding installment at any time into new ordinary shares in the Company."Clearly the investor is choosing to do this across the month as oppose to at one point. A monthly amount to repay is close to $400k. I am guessing they are taking it in small chunks so as to try and get max conversion.

[badmashy] 19/4/2018 17:42

Can someone explain why they are converting every week. Is payment not due every month?

[seaclipper] 19/4/2018 15:36

The AMC fundermentels are now far better than when I first invested. ..Happy to hold

[loganair] 19/4/2018 15:29

sea - you are entitled to have your opinion while I have a completely different one and it seems to me the current share price is agreeing with one of us.

[loganair] 19/4/2018 11:33

pea - what I was trying to say is that BHP are going to start to produce Nickle and Cobalt from their new mine in 2019 and they have the fire power, the money to do so and with mining as much as 200,000 tons of nickel sulphate and going to be in Australia. Therefore companies such as Apple and the car manufactures are more likely to favour getting these commodities from BHP then any where else.

BHP expects to sell 65-70 percent of this nickel output to the battery sector, about 45,000-50,000 tonnes of metal.

Secondly as I've mentioned its coming on line next year whereas AMC will be lucky if they start mining 5 years from now and in the mean time they will keep having to go for share Placings to pay for the next 5 years which will mean continued dilution of shares held by the Retail Investor.

I can see AMC giving up 50% of their license in a JV, for the JV company to pay to get the mine in to production. The JV company is likely to spend upwards of $1bln to get the mine up and running for commodities in the ground, that above ground are worth $10bln plus.

[peawacks] 19/4/2018 11:13

No it's not obvious. None of us 'knows' why our share price is where it is. I'm simply pointing out that the two situations are not comparable.

[loganair] 19/4/2018 10:46

pea - Then it is 'bleedin' obvious' why the AMC share price is where it is and why it will remain there and will do so for quite some time.

[1i1i1i] 19/4/2018 10:46

Loganair, the value of a mining company doesn't wait until the digging starts to be realised, you do know that don't you?

[peawacks] 19/4/2018 10:13

loganair
Apples and oranges.
Multi billion dollar conglomerate versus an exploration minnow.
As John Cleese said once 'you're stating the bleedin' obvious'.

[loganair] 19/4/2018 09:50

As I posted, BHP Billiton are way ahead of the Nickle come Cobalt game then AMC are, with their increase nickle production and cobalt coming on line with in the next 18 months.

It seems to me AMC will start mining and getting the stuff out will be in 5 years at the earliest and until then AMC will keep having to Place shares to fund their yearly running costs.

[madengland_] 19/4/2018 09:44

Very much agree 1l1l1l The seismic structural shift in the nickel market has yet to happen as we know. All market research suggests that 2020 is the year this demand will truly kick in, which is why lme intend to launch their sulphate market 2019. Of course processing sulphate at Kun Manie has some heavier up front capex costs, but equally has some far reduced opex costs going forward. I am pleased that RY is not jumping at the first offer he can get, with vision, nerves and patience the rewards could be well in excess £1.

[loganair] 19/4/2018 09:25

Not until AMC have sold half or even may be more of their license to one of the big mining companies in return this said company to fund the mine into production.

[seaclipper] 19/4/2018 08:42

111...Yes agreed m8...AMC value has now increased dramaticly

[1i1i1i] 19/4/2018 08:12

All of a sudden, £1 a share seems cheap!

[mayookhp] 19/4/2018 07:54

Nickle breaks out of rising trend...its all bullish if weekly close above 14700

[mayookhp] 19/4/2018 07:53

Not over yet, good luck commodity traders !

[mayookhp] 19/4/2018 07:51

Norlisk woes, Nickle hits new highs in the last hour, up 1250pips, 8%. Indonesia hit by a 4.4 quake. ...US sanctions woes....Dipraska has a
stake in Norlisk

[1i1i1i] 18/4/2018 17:53

Indeed Tad, not long now ;-)

[qui quaerit reperit] 18/4/2018 16:23

We are approaching times where it will be not us looking for investors but investors will be looking for us...

[madengland_] 18/4/2018 16:03

NORNICKEL: Russia's Norilsk is in talks with battery makers over possible investment in its mining assets. ..I am very sure AMC is also discussing similar. I can see an offtake agreement on a % of the Cobalt as highly likely, or some form JV with a battery or car manufacturer from China or Korea. Of course the PFS opens this door. Remember the milestones that Robin must reach, which include PFS and share price. With the

[madengland_] 18/4/2018 15:53

Mayo - more like amc has the ducks lined up I'd say buddy.