Amur Minerals Share Discussion Threads

[loganair] 22/5/2019 11:48

BHP said it wanted access to more copper, nickel and oil to take advantage of increasing demand as the miner set out its long-term strategy.

If AMC is such a good bet, why hasn't BHP bought in to them???



He was less enthusiastic about lithium and COBALT because there are large supplies of lithium and substitutes will be used for cobalt. Steel production will "remain marginal and increased recycling and long term slower growth in infrastructure will challenge even these low possible growth rates," BHP CFO, Beavan said.

[madengland_] 22/5/2019 11:39

Argh good old Reg the Veg, one of my favourite derampers.

[callmebwana] 21/5/2019 23:32

LOL :0) Reggie, have you got skin in here at long last?? Or are you just keeping an eye on ?? Good old Reggie has been around for a long ,long time here now.

[gizmohican] 21/5/2019 21:59

Nickel Prices Could "Go Through The Roof"; Watch For Signs - Expert
May 21, 2019
In the next five to ten years, the electric vehicle (EV) revolution will likely dominate the nickel space and will be sending prices much higher, this according to Alex Laugharne, principal consultant of CRU Group.
Laugharne said that nickel sulfide producers and the metallurgical laterite producers, who are most closely linked to EVs, are undergoing technological changes that may leave a supply gap in the nickel market.
“I think you’re seeing a lot of people being hesitant to invest in new supply in the space because of this potential latent capacity. If they do encounter technical difficulties, may fail to materialize, and in that scenario, we may end up with a real crunch that could cause nickel prices, and in particular, nickel sulfide prices, or pure nickel prices to go through the roof,” he told Kitco News on the sidelines of the Mines and Money New York conference. (show less)

[inaminute] 21/5/2019 17:15

Depends how you judge investment. My investment in my company was not just about the shares I owned but the time and effort I put in. If this pans out then I'll be happy with the investment they made

[whitehunter] 21/5/2019 17:06

Sad to note also that the director 'investment' has been against a falling share price too.

But they are not feeling the same level of pain as PIs (probably no pain at all in their case).

[reggie123] 21/5/2019 16:56

Not quite enough going on for them to each purchase a tiddly £625 / mthPaul McKay, CFO of Amur Minerals Corporation, commented:"Today's purchase brings to completion the 12 month Director and Executive Share Purchase Programme entered into in April 2018 and the Company is currently reviewing alternative options to this programme."

[ebomber] 21/5/2019 15:53

It appears to the independent observer AMC has a strategic asset but ZERO CASH or ZERO PROSPECTS OF CASH to exploit the resource with the requirement for multiple placings.

Any LTH must be massively underwater with ZERO prospect of breaking even with this jam tomorrow company.

Struggling to see when the BoD bought into own company. Says it all really!

[inaminute] 21/5/2019 14:36

So many possible scenarios. The drilling results were so impressive that they materially changed the options for going forward. They certainly changed the attractiveness of the asset.When I need reassurance I keep returning to the fact we have had the heads of both states stressing the importance of the region, the resources and trade between the 2 nations. We have a strategic asset that we know the world requires now and will increasingly do so in the near future. We are pushed forward, it seems, at every conference to promote business in Russia/Amur region. Almost regardless of our BOD (and that isn't a criticism) I just personally feel this will not be allowed to fail.At this point, with this radio silence, I recognise my argument is open to easy criticism from those who wish to twist it into a 'head in the sand' approach. It isn't that. We all invest with various tools, including analytics and gut feel. It's served me well in the past and I believe it will here.Ps wouldn't mind a bit of news though ;-)

[8ig8adger] 21/5/2019 13:52

CT,
I completely agree with you and these arguments were made and were as valid 18 months ago.

If, and I hope there is plenty going on behind the scenes. Surely we can be told some of it? Even if things aren't signed off.
We have been told nothing of any substance other than drilling results and the pfs since the licence was awarded back in 2015.

We are in discussions with xyz or 3rd parties and these will be concluded by .....
But we get nothing.
Only my thoughts.

[crazytowner] 21/5/2019 12:27

The Board of AMC have steered the company through an extremely difficult Nickel market.It is thanks to them that we now sat in an extremely exciting time with the Electric Vehicle market about to drive the Nickel price forward substantially. Ignore the noise and the share price.In my opinion there is a huge amount going on behind the scenes.As I've said before and CMB has just posted, there is a reason why they only took an additional 500k

[seewhatimean] 21/5/2019 11:48

So avoiding the worthless Terd now are you gooey flop?

[brasso3] 21/5/2019 11:36

callmebwana

To many poor CEOs on AIM that have been fortunate to acquire attractive prospects/ licenses. It always concerns me when they do not invest their own money. If their interests are not aligned with shareholders they do not have the same urgency to move forward. Its too easy to pick up an easy salary with all AIM companies.

I was pleased to see SDX part company with Paul Welch last week. Another example of great assets and poor management.

I hope this one comes good for the PIs involved.

[goofrob] 21/5/2019 11:33

Any company needing placings to pay loan interest in my experience should be avoided. New and existing investors take care.

[ebomber] 21/5/2019 11:26

Placings necessary to pay loan interest is a BIG RED FLAG for any new investor.

[thedickster] 21/5/2019 11:16

Indeed, yet another Zombie Miner. They should merge with Kefi LOL

[schachmeister] 21/5/2019 11:04

Those like Bwana, who think Amc only took £500k because that's all they need until the Big News is announced are 'deluded'....Far more plausible is the reason amc were only 'allowed' £500k is because they defaulted on the original loan agreement and still have over £1,000,000 outstanding from this loan,so a loan company(Riverfort in this case)will not advance significant further funds under these conditions.

Riverfort can barely complete any regular sales to recoup their loan money and it's now taking years to recoup their loan money, instead of the 12months agreed originally because of the constant low volume.And the low volume will continue because every savvy market participant knows amc are in constant death spirals and can only fall in price,so why would an investor buy knowing the investment will almost certain fall in value .Anyone who doubts this need only look at the shareprice,which has crashed 95% in the last 4 years.