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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Amur Minerals Corporation | LSE:AMC | London | Ordinary Share | VGG042401007 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.09 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Mineral Royalty Traders | 0 | -3.01M | -0.0022 | -0.41 | 1.25M |
Date | Subject | Author | Discuss |
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19/6/2019 10:43 | another 76k for me | thelads1 | |
19/6/2019 09:43 | That's us just purchase a brand new Hyundai Hybrid. Garage told us we will get 72MPG min. Our first electric car, can't wait to drive it. | russian turnip farmer | |
19/6/2019 09:41 | 'The future is nickel': Cobalt 27 sells off its namesake metal after tough year Biggest shareholder to buy cobalt assets, new company spun off for nickel A core sample containing nickel.Steve Karnowski/AP Photo files Gabriel Friedman Gabriel Friedman June 18, 2019 4:17 PM EDT RECOMMENDED FOR YOU HCL Technologies Selected by Cricket Australia as Digital Technology Partner Down to Business podcast: Why Huawei thinks Canada should trust its 5G gear Vancouver arts community feeling sting of real estate ‘renovictions& Kevin Carmichael: The idea that Canadians need oil and gas to make a living overlooks the data Company Profile for Redberry Group Toronto-based Cobalt 27 Capital Corp. is selling out at a low point for its namesake metal, a crucial component in the lithium-ion batteries used in electric vehicles and other devices. The company, which stockpiles and streams cobalt, on Tuesday announced a $510-million deal that splits the company along cobalt and nickel asset lines. Its largest shareholder, Swiss private-equity firm Pala Investment Ltd., which owns more than 19 per cent, will pay $3.57 cash per share for the company’s cobalt assets. The rest of the shareholders will also receive equity in a new company that retains the company’s nickel assets plus $5 million in cash. The biggest-known uranium deposit in America, worth billions of dollars, will remain underground Unfazed by market drubbing, Cobalt 27 continues dealmaking spree Nemaska Lithium eyes fresh steps to raise capital for Quebec project with $300 million in cost overruns The announcement comes after Cobalt 27’s stock has declined 64 per cent in the past year to $3.47, in concert with falling cobalt prices, which remain volatile as the market struggles to forecast the supply-and-demand picture amid soaring excitement about the potential growth of the electric-vehicle market. “It’s not an egregiously unfair deal based on the spot price of the metals,” said Jonathan Guy, an analyst at Numis Securities Ltd. “Many people may say that Pala is buying it out at a low in the cobalt price, but that’s why they’re doing it. They don’t think market is pricing it fairly.” RELATED STORIES: First Cobalt strikes partnership with Glencore for Ontario cobalt refinery Cobalt prices last summer exceeded US$40 per pound, but have since declined to US$12.70, according to Infomine. That drop sent ripples through Cobalt 27, which almost a year ago paid $300 million in cash for a 32.6-per-cent stream on the cobalt from Vale SA’s proposed Voisey Bay Mine expansion. This March, it recorded a $68.8-million impairment related to that deal. Anthony Milewski, Cobalt 27’s chief executive and chairman, and others have attributed cobalt’s price decline to unexpected production from “artisanalR Some analysts say the pace of the decline has been falling in recent months, but many believe any recovery will take awhile. “Our view calls for an increase in cobalt over the next three to four years,” said Colin Healey, an analyst at Haywood Securities Inc. “But an immediate cobalt bounce doesn’t seem likely.” Milewski used to work at Pala, which was one of Cobalt 27’s initial investors, and the deal includes a termination fee to Pala of between $15.5 million and $17 million. He said the deal provides Cobalt 27 shareholders with an exit point. The deal pegs the shares in the spinout company — to be called Nickel 28 (nickel is No. 28 on the periodic table) — at $2.18, which when combined with $3.57 in cash theoretically offers shareholders $5.75 per share. “It’s a 60-per-cent premium,” Milewski said. “That’s a massive premium … in a declining cobalt market — that’s pretty crazy.” Cobalt 27’s share price jumped 20.7 per cent to $4.19 as of Tuesday afternoon. “Cash is cash,” said Colin Healey, an analyst at Haywood Securities Inc. “Clearly, the market isn’t giving (Nickel 28) full credit for $2.18.” Several analysts said they were still trying to determine how the value of the deal was estimated and what exactly Nickel 28’s strategy would be. Milewski said the new company’s main asset is an 8.56-per-cent joint-venture interest in Ramu, a nickel mine in Papua New Guinea. It also has royalty streams on potential nickel mines, including Royal Nickel Corp.’s Dumont mine in Quebec, and stakes in nickel companies. The Ramu mine provides about $25 million in annual cash flow, said Justin Cochrane, Cobalt 27’s chief financial officer. But he said the joint venture needs to pay off about $110 million in debt. Under the proposed deal, Milewski and his management team retain their positions at Nickel 28. Like cobalt, nickel is a crucial component in lithium-ion batteries and may become more so as technology evolves. “Look, I think the future is nickel,” Milewski said, adding price pressure will increase. | gizmohican | |
19/6/2019 09:35 | hxxps://seekingalpha | gizmohican | |
19/6/2019 09:28 | Shabirm, I use Share Deal Active ( Jarvis Investments). £9.50 a Trade. £50 to manage your ISA for a year. I have been with them for many,many years. ATB. | callmebwana | |
19/6/2019 08:56 | Have you realised that income is shown in the results yet??And does not need to be RNS'ed every time??? Ready for another drop here any minute. | mikemichael2 | |
19/6/2019 07:55 | Expect another gut wrenching drop today. | mikemichael2 | |
19/6/2019 06:58 | Bwana will miss you mate gud luck | gizmohican | |
19/6/2019 05:48 | Hilarious how some people on this board are mentally deluded. They should be sent to an asylum in the middle of absolutely nowhere to cool off, the Amur region of Russia would be perfect infact. They could build the asylum for these idiots on AMC's plot, as let's face it nothing else will be built there. | hofan111 |
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