Amur Minerals Share Discussion Threads

[cowboysteve] 02/10/2018 10:03

I don't disagree Fragile - I suppose what I'm saying is that following the 2018 drilling results, they went back to their 2017 results PFS, redesigned it in order to accomodate the design appropriate for 2018 results which is why it's not yet ready yet almost finished. Just trying to explain the delay.

[fragilearth] 02/10/2018 09:24

coyboysteve`

"Then we had a stupendous summer of drilling, which I imagine, requires any PFS to be re-written to take this into account."

But that doesn't apply, last RNS confims it.

[jackbal] 02/10/2018 09:19

This has become an investment for degenerate gamblers like myself. I think most people with common sense would avoid entirely.

[jackbal] 02/10/2018 09:16

When you have to take an absolute guess on what’s going on because the company are keeping shareholders in the dark common sense hardly applies does it.

[cowboysteve] 02/10/2018 09:11

Good morning

I suspect what has happened is that we had a PFS around Feb 2018 (we can see that on the RPM website they produced a finalised PFS for us in Feb 2018).

I suspect that when they identified the resource numbers (RNS in March 2018), it made them feel that they needed to re design the existing PFS to take this into account.

So I imagine by the middle of the summer they had an idea of what the mine would look like and how it would be designed. Then we had a stupendous summer of drilling, which I imagine, requires any PFS to be re-written to take this into account.

So, why not release what we already have? Perhaps because it will differ so greatly from what will be another PFS that takes into account 2018 drilling and therefore requires a different design.

Just clutching at straws here in the absence of any real explanation. Would take RY about 3 minutes on a proactive interview to explain this, but I dont recall that he ever has.

Ho hum.

[flugelhorn] 02/10/2018 08:58

Common sense tells you why.

[fragilearth] 02/10/2018 08:44

"RY didn't say that the PFS would contain the new find from this year though did he "

No, he did not, he also hasn't said why there's a massive delay.

[flugelhorn] 02/10/2018 08:16

Many suggest lots of things, RY didn't say that the PFS would contain the new find from this year though did he ??

[fragilearth] 02/10/2018 07:04

Personally, I think Robin needs to give some honest answers PDQ, explaining why he has failed to provide critical info, that he himself promised. This would restore a lot of faith in him.
As said in above post, he has divided opinion and drawn a lot of justifiable criticism .
One thing that concerns me is this delayed PFS. Many suggested it was to include 2018 drill numbers, but we now know from last RNS, they won't be included, so why the massive delay ?

[fragilearth] 02/10/2018 06:53

Just spotted this post on LSE, by someone called Rose, hope she doesn't mind me copying it here, interesting view.

"I have been invested in AMC for several years, I have also been a silent observer of a few forums over those years, it has allowed me to look at things through others perspectives.

I break my silence briefly today, with a word of caution.
It's plain to see, there are people calling for Mr Young's head, while others are steadfast in their support for him.

There is a saying that you will all be familiar with "be careful what you wish for"
I must admit, both sides have valid arguments and Mr Young has certainly divided opinion.

I will not be drawn on individual issues other than to say, Mr Young would, in my professional opinion, survive any shareholder revolt. Imo, he needs to be careful of inviting a personal lawsuit. There are possible grounds for claims arising from, false and misleading information.

"The Prosecution must show that you are a director or officer of a corporation. And you published a written or made a public verbal statement or account which may be misleading or deceptive. And did so with intent to deceive members or creditors."

Fake news is becoming a big issue in litigation presently. If you think a CEO is immune from consequences, look no further than Volkswagen or Elon Musk.

I will close by saying, litigation is extremely expensive, difficult to prove and most likely would fail, but not impossible. Though the aftermath would likely be career ending.

For what it's worth, my advice would be to give a little more time."

Rose.

[qui quaerit reperit] 01/10/2018 23:55

13 September 201809:51Indonesian Antam predicts a rise in nickel prices this year      Indonesian nickel producer PT Aneka Tambang expects world prices for this metal to increase by more than 10% by the end of this year, to $ 14,000 per tonne, the company's operating director, Hari Vidyayanto, told reporters.      Antam intends to increase the supply of ferro-nickel alloy to the world market from 22 thousand tons in 2017 to 24,4 thousand in 2018, reports Bloomberg. The export of nickel ore is expected to grow from 2.7 million to 4 million tons, bauxite from 767,000 to 1.25 million tons.      Now the price for nickel is about $ 12,350 per ton. Meanwhile, Wood Mackenzie analysts wrote last week that there is a deficit in the nickel market, which is likely to increase only, and in the next two to three years prices may jump to $ 28,000 per ton.      Indonesia was the world's largest exporter of nickel ore until 2014, when it imposed a ban on the supply of ore abroad to develop its processing inside the country. In 2017, the ban was relaxed, and companies were allowed to export surplus ore with a nickel content of less than 1.7%.      Antam was allowed to export in April 2017 and a month later shipped the first batch of nickel ore.

[madengland_] 01/10/2018 14:06

Yeah just a few hundred or so

[thomscm2] 01/10/2018 13:32

madengland

You are right but how many fit in the 'battery industry' related minerals category.
That must reduce the numbers somewhat.

[madengland_] 01/10/2018 13:20

Thoms- well of course possible, but I think there is more than one mining project out there

[thomscm2] 01/10/2018 08:17

They are looking to take over a company anywhere in the world
that falls into their strategy.

Assets across a broad range of commodities with a specific focus on the precious and base metals sectors along with 'battery industry' related minerals;

Who does that sound like?

[thomscm2] 01/10/2018 08:08

This company starts trading today. Has it been set up to take over Amur Minerals?.

[gizmohican] 01/10/2018 07:46

Amur Minerals says the time is right to find a strategic partner
Share
10:09 28 Sep 2018
Amur said that it had cash reserves of US$3.4mln at the end of June 2018, up from US$2.6mln at the start of 2018
Amur Minerals says the time is right to find a strategic partner
pdf icon Download Amur Minerals Corporation
Capital Network report here
Amur said the 2018 field season had been positive
Amur Minerals (LON:AMC) said that it would turn its focus to corporate development after a successful 2018 field season and that the time was right to find a long-term strategic partner.

The company said that the 2018 field season represented the completion of mineral resource drilling and that it has sufficient minable resource at a grade and level of profitability - over a 15 year plus life - to confidently present to potential long-term strategic partners and funding institutions.


READ: Amur Minerals sees 81% increase in inferred high-grade zone at Kun-Manie

“Once the 2018 field season has been completed, the company's focus will turn predominantly to corporate development. Work on setting the foundations for this change in focus has been on-going throughout the period to date. An important consequence of this is that it will greatly lessen, but not eliminate, the company's requirement for further funding while we develop and work through the corporate development programme in 2018/19,” the company said in a statement on Friday.

Amur Minerals added that it had completed the data set for the reporting of Russian reserves, which it needs to obtain a Russian certified reserve. These are used in the development of mine designs requiring Russian regulatory approvals.

Amur said that it had cash reserves of US$3.4mln at the end of June 2018, up from US$2.6mln at the start of 2018.

The miner added that it had been successful in conserving its cash reserves, allowing it to continue to work closely with its financial advisors developing other near and long-term financing opportunities. It said it was confident that the company would be able to raise funds in the near future.

Amur said it had spent US$1.3mln on exploration costs during the period, down from US$1.7mln last year. Shares in the company were 3.8% down at 4.21p in mid-morning trade.

[qui quaerit reperit] 30/9/2018 17:30

True flugelhorn lol:)

[flugelhorn] 30/9/2018 17:22

Hang on maybach, you've got another tool to join you, one problem, he ain't a shareholder........DOH !!!!!

[loganair] 30/9/2018 17:11

Qqr - There is never any cause or reason to be rude.