Amur Minerals Share Discussion Threads

[gizmohican] 02/7/2018 10:55

bwana been in these so long now, like yourself... that any returns if they come... will be going to my grand kids!

[callmebwana] 02/7/2018 10:35

LOL Giz. 40 Kg of Nickel and 4 Kg of Cobalt are hardly going to bring the roof down.
A sample shipment I presume.
Yes,our turn would come one day. A few years to wait yet.
I am waiting to see what kind of finance deal the BOD pull out. Not a very good track record so far regarding raising the finance.
I wonder if CREDE still hold any shares ?
There,the so called long term investors turned out to be not far of underworld investors.

[gizmohican] 02/7/2018 09:17

Australian Mines to export largest sample of battery-grade cobalt and nickel sulphate
13:31 02 Jul 2018
The company has signed an initial seven-year supply contract with Korea’s SK Innovation.
samples of battery-grade nickel and copper sulphate
Battery-grade nickel sulphate produced at a demonstration plant
Australian Mines Ltd (ASX: AUZ) will deliver the largest known shipment of battery-grade cobalt and nickel sulphates from Australian mined and processed ore.

A shipment of 40 kilograms of nickel sulphate and 4 kilograms of cobalt sulphate is being exported to offtake partner SK Innovation, a Korean-based industrial conglomerate.


The Korean company may use the product directly in its electric vehicle (EV) battery manufacturing process.

Shares up 8%
Shares jumped almost 8% to 9.6 cents in early trade.

Australian Mines managing director Benjamin Bell said the company had achieved a couple of significant firsts with the delivery of the samples.

He said it had also reinforced its position as a leader among resources companies looking to participate in Australia’s emerging battery materials sector.

Product exceeds SK Innovation specifications
The samples were produced at Australian Mines’ high-pressure acid leach and solvent extraction demonstration-size processing plant in Perth, Western Australia.

This was done utilising an industry standard processing flow-sheet with the process overseen by Australian Mines’ chief operating officer Tim Maclean.

It is the first time that battery-grade samples of these commodities have been produced without the use of third-party commercial laboratories.

The company achieved better than 98% purity for cobalt and 99% purity for nickel samples through the final crystallisation process at the demonstration plant.

READ: Australian Mines’ study indicates additional cobalt-nickel potential at Sconi project
These grades exceed SK Innovation’s specification for materials to be used directly in its manufacturing process for EV batteries, with the material requiring no additional processing or refinement ahead of its application.

This is another first for an Australian resources company.

Bell said that exceeding specifications for the material mined from Sconi and processed in Perth was an important step in the optimisation process for the project’s bankable feasibility study.

“[It] will also assist in the further advancement of project financing negotiations for the construction of the full-size processing plant in Queensland, which will use a replica processing flow-sheet to the demonstration plant.”

Initial seven-year supply contract
SK Innovation has signed a binding offtake agreement with Australian Mines for 100% of cobalt and nickel sulphate production from the Sconi Cobalt-Nickel-Scandium Project in North Queensland.

The agreement will run for an initial seven-year contract term and has an additional six-year extension option.

Under the supply agreement, SK Innovation will annually take up to 12,000 tonnes of cobalt sulphate and up to 60,000 tonnes of nickel sulphate following a ramp-up period.

[edjge2] 02/7/2018 09:08

OTT CMB yes increased my holding on every weakness in AAZ and currently aiming to double holding in KAZ. Oil as PMO already rising.
CMB metals down but perhaps July will mark bottom perhaps double bottom AMC but all russian COs getting beaten up.
KL in canada doing quite well to date and small divi to date. Be a while before get such here.

[callmebwana] 01/7/2018 11:15

My thoughts on why the PFS has been delayed.(For what it is worth).

The figures that RY could use in the PFS would have not been good enough for either a J/V or a T/O also the Banks would not have lent the money to go it alone by using drilling figures of up til 2016.
To make the PFS strong with very good EBITA and mine life he has a very good chance if he got the figures in the PFS right. So I am sure he would want to include the 2017 drilling figures in the PFS. Hence the delay in the PFS RNS landing.
Without a good PFS no one would look at AMC.
Since the PFC is a living document I would feel much happier when the 2018 figures are also included in the PFS. We would be Tier One in Nickel alone.

I think the Russians want this project to go ahead. Now if RY could convince the Russians Government to give him the loan for the road then it is a win ,win situation for all.The road loan has a holiday period of 5/7 years before the repayments have to be made.This all takes time. (Governments don't move fast).
Say a J/V agrees to build a smelter and share the profits with AMC.
The EBITA goes sky high .As we get to keep the profits from the PM,s. They have not been included in the recent RNS figures of EBITA. I don't think the Copper has either been included..

In the meantime the BOD have to raise finance to keep the lights on.I wonder where RY is going for the next loan ? Why not the Far East Development Fund ??
we just have to wait and see.
Then again I am not a Mining Engineer nor a Banker so WTFDIK. LOL :o)
I know one thing ,this share is definately not for the jam tomorrow people.
I have seen many share holders come and go over the years I have held this share.
Been here a long time and I an't going no where soon. PATIENCE IS THE KEY HERE.
DYOR and have a good weekend all.

[callmebwana] 29/6/2018 10:04

Edjge2, hope you are keeping well mate.
O/T.
I hope you are still holding AAZ. I think very good news to come there today. AGM and an announcement re maiden Divi.
AMC, well we just have to wait and see what develops here.I just wish the BOD will get their finger out.
GLA.

[seaclipper] 29/6/2018 09:27

Can some one please by some shares.

[edjge2] 29/6/2018 09:03

Wonder if revisit to 4p is a double bottom. Agree with CMB that its down overdone.

[qui quaerit reperit] 28/6/2018 18:45

Hmmmm...don't know what to say...boom or not yet boom...:)Our neighbours for sale!!! Who's next??? Is this why we "failed" milestones???21 June 201810:50RMK redeems Malmyzhsky copper deposit            ZAO Russian Copper Company (RMK, owned by Igor Altushkin) is planning to buy a project to develop the gold and copper porphyry deposit Malmyzhskoye in the Nanaisk district of the Khabarovsk Territory.      The second party to the transaction will be IG Copper LLC, which owns 51% of the project. This was announced by the majority shareholder of the latter - EMX Royalty. Information was confirmed in the Russian Copper Company. The estimated cost of the deal is $ 200 million.      According to Rosgeolfond, the license for the Malmyzhsky copper-gold project, including the Malmyzhsky ore field and the Northern Malmyzh and Malmyzhsky ore fields, belongs to Amur Minerals, a joint venture of the American Freeport-McMoRan and Canadian IG Copper.      The deal will be closed in the third quarter of 2018. Preliminarily it must be approved by the FAS. In addition, in order to carry out sales, a number of financial procedures must be carried out and logistics issues to be resolved.

[madengland_] 28/6/2018 18:31

Be nice if they did Roger. The share price shenanigans has been disgraceful. Am sure a load weak holders been shaken out only to weep when the news hits

[callmebwana] 28/6/2018 17:03

Finished at 4.35 P up 11.5%. Roger I don't think so. I think just matching all the trades after auction.

[rogerhouston] 28/6/2018 16:43

What's up with two price monitoring extensions today? Is the LSE finally looking at what MM's are doing?

[callmebwana] 28/6/2018 16:33

Logan,my post was not directed at you, end of.
You have your views and I have mine.
There were quite a few on this BB yesterday that don't hold shares and only come out as doom mongers with the use of not very good language either.I have a choice to either sell or hold. I have decided a long time ago that I will hold. I am all for a fair debate on the BOD of AMC. I have expressed my views about the BOD many a time on this BB. I am invested in the resource here.Time will tell wether I am right or wrong.
You once wanted to buy in here,I told you at the time not to do so.
I hold nothing against you for posting your views here.
Everyone to their own.

[loganair] 28/6/2018 15:05

Qui - I do not always need facts about AMC as such, there is also my general experience of doing business in Russia and how other AIM miners I've invested in go about things.

[qui quaerit reperit] 28/6/2018 15:01

Oh,almost forgot lol,will be some asking for the link:)http://mer.amurobl.ru/ru/news/377

[qui quaerit reperit] 28/6/2018 14:57

Those projects that participated in the WEF-2017, now are at the highest attention level to the federal level, "- said Lyudmila Starkova, Minister of Economic Development of the region

[qui quaerit reperit] 28/6/2018 14:13

Logan,from my memory I can't recall anything what was useful from your posts in a past,I may be wrong but I just can't remember anything...Perhaps some ppl are negative towards you because of this? Could it be that too much negativity in your posts made ppl to think so? Negativity is ok,but needs to be based on facts,otherwise it's nothing more then a pure deramp...

[loganair] 28/6/2018 13:20

pea - not at all. AMC take a loan out, the interest of the loan is paid for in AMC shares, then the capital is repaid in AMC shares, therefore no supposition on my part.

It seems to me that madengland is so hostile and aggressive towards my posts and has an extreme dislike of my posts because is losing for him a substantial amount of money. I maybe wrong and maybe hostile and aggressive towards negative posters for another reason.

I think I have a lot to contribute to this thread as I have a great deal of experience of conducting business in Russia, of dealing with Russians, of investing in mining companies both FTSE and AIM and of investing in general.

[madengland_] 28/6/2018 13:04

Pea - I would not waste time reading let alone replying!

[peawacks] 28/6/2018 13:02

'As far as I see when it comes to AMC they are burning cash as though it is nobodies business and are likely to carry on doing so and therefore will have to keep issuing more and more shares for a good few years more'......pure supposition on your part, then, loganair.

A joint venture before a published PFS is highly unlikely, but that's not to say there isn't one.

[loganair] 28/6/2018 12:47

call - I do not understand why you keep saying that posters who post negative posts about AMC enjoy what they are doing and enjoy frightening, scaring and upsetting the people who post positively about AMC.

I do not enjoy upsetting others or enjoy when others are losing money. All I am doing is posting what I see when it comes to AMC and to try and balance the over exuberance of some posters on this thread.

I am never rude or make any personal attacks of the posters who I greatly disagree with.

As far as I see when it comes to AMC they are burning cash as though it is nobodies business and are likely to carry on doing so and therefore will have to keep issuing more and more shares for a good few years more and therefore diluting the shares held by the private investor.

Also as far as I see there is no way that AMC can open a mine and get the stuff out of the ground without a JV. Considering how long AMC have been drilling holes here there and every where and increasing the reserves of the mine I would have thought by now AMC would have a JV in place.

[callmebwana] 28/6/2018 12:27

With bad news the share price always falls of a cliff face,the fall is always over done, then it starts climbing in steps. It all takes time. Patience is required here IMHO.
GLA.

[madengland_] 28/6/2018 12:17

Spot on CMB, with you on all of that. It feels like we are on the other side of the door to a cavern loafed with riches. Once the key is waved around this will fly. It's frustrating as you say, but could be well well worth the wait.