Amur Minerals Share Discussion Threads

[mpencoll] 22/5/2018 06:46

https://youtu.be/T2OOppzxqC4RY spells out the future for Amur a much better interview and a very positive outlook for this soon to be global player. JV from China ? maybe ? It's more the when!!!GLA

[meta1mickey] 11/5/2018 08:40

A MUST listen for anyone who wants to or is investing in nickel/cobalt

hxxps://youtu.be/lM6F3IrSOYE

[peawacks] 03/5/2018 08:13

Q2 sometime, I recall !

[weegeordie] 02/5/2018 16:56

Ah yes, I remember that now.

[qui quaerit reperit] 02/5/2018 16:51

Yes,they will have to issue pfs soon because it is one of the milestones required by Riverfort.

[weegeordie] 02/5/2018 16:50

Good stuff. Seems to be taking an eternity!

[watfordhornet] 02/5/2018 16:48

Yes - soon

[weegeordie] 02/5/2018 16:24

I am losing track of the timescales of these announcements. Have we been given a realistic one for the PFS?

[madengland_] 02/5/2018 16:21

More latent value added which will show on the PFS

[1i1i1i] 02/5/2018 15:48

Great News this morning, the company gets a future higher take out price day by day.

[jumpenjim] 02/5/2018 11:49

afekin hope so

[seaclipper] 02/5/2018 10:16

RY...that is a great advert ..all the facts and figs that our potential buyer will need ....FOR SALE....Roll up Roll up

[weegeordie] 02/5/2018 10:14

Really surprised that the usual contributors haven't commented.
WG

[amt] 02/5/2018 07:20

Don't understand these numbers. If 6m tons mined per annum at margin of say 4,000 usd per ton that's 24 billion usd per annum. Have I got a decimal in the wrong place?
Perhaps only 1% is viable but that's still 240m gross profit per year or getting on for 3 billion over life of the mine.

[peawacks] 30/4/2018 11:47

S0lis,

Thanks for that.

[amt] 30/4/2018 04:18

If ebitda is 2.7 billion as stated in recent report the 100m seems derisory. If its not worth 2.7 billion it should be worth at least 1 billion surely.

[s0lis] 29/4/2018 19:26

TDT

It does look like Crede are in Nortrust Nominees and could account for the sells.

Riverfort look like they are in the Remaining/Other shareholders, having received 1.7M shares by the 12th. Too small an amount to guess as yet.

[trickydickytwo] 29/4/2018 10:00

I don't think the sells of Amur shares are down to Beaufort.



They'd have their shares in one nominee account and if they were selling regularly you would see that account being consistently depleted.

I think it is Crede, not so sure about Riverfort though.

TDT

[trickydickytwo] 29/4/2018 09:50

At current depletion rates LME nickel stocks will be down to around 280,000 tonnes by the end of May. That will be the lowest stocks in the LME for 4 years. By the end of 2018 stocks should be down to 200,000 tonnes (even lower if the rate of depletion replicates the 50,000 tonne drop over the last three months). That alone would put significant upward pressure on the price of nickel. Factor in the likely nickel sulphide/laterite split in the market adding even more upward pressure and we should see at least $7.50/lb within the next 9/12 months.

A tasty PFS coupled with a rising nickel price and Amur will have people knockng their door down looking to secure a slice of the pie.



It's been a long journey but we now have a very interesting year ahead.

TDT

[s0lis] 28/4/2018 13:45

Bwana,

I do not understand what happens when a broker goes broke but trying to follow Beaufort to learn more, as I suspect that a lot of the AMC 100K and 200K sells have been due to Beaufort and blamed on Riverfort/Crede. Have the same in AAZ where the sellers are crazy to be selling at a time like this there.

Looking for a bit of discussion with anyone that knows more.

Can we break down a broker's transactions into 3 parts ? Cash, transactions in progress and shares held in CREST.

I am hoping that investments in CREST are in a brokers trustee account or company and as such guaranteed as do not anticipate any malfeasance by Beaufort with normal PI assets.

hxxps://the-international-investor.com/investment-faq/crest-personal-account

"Whether CREST gives you greater protection in the event your stock broker goes bust is debatable. Shares held in nominee are still your property and are ring-fenced from the stock broker’s creditors. The only situation in which this should fail is if there has been fraud or negligence and your shares are missing from the account. In that case, you should be covered by the Financial Services Compensation Scheme (FSCS), up to a limit of £50,000."

Cash would be protected by the bank or FCA up to £85,000.



So, if I am correct, the only items that could be liable to loss are items that had been contracted but not concluded by the 3 day (or longer) settlement period where Beaufort was acting as agent.

So, how could PI's be liable for losses of 10-15% of their total assets held by Beaufort. Large cash balances ? Heavy stock turnover ?

Mystified. All help gratefully received.

[s0lis] 28/4/2018 08:49

peawacks

FT subscription. Register and it will allow you to see X articles a week/month without paying. Sorry, cannot remember how many articles in what time frame, but used it for years.

[billyrayvalentine] 27/4/2018 15:37

...no worries ;-)

[peawacks] 27/4/2018 13:12

Thanks a lot, Billy Ray !

[loganair] 27/4/2018 12:19

As an example - In the end the administrators made £4 1/2 million in fees from Wollies, charging £100,000 per day in fees.