Amur Minerals Share Discussion Threads

[maverick247] 19/5/2020 10:34

Looks like it could go on a run

[patio58] 19/5/2020 10:19

Someone is purchasing in 250,000 chunks....mmm!

[mad foetus] 19/5/2020 09:57

Looks interesting here

[nando01] 19/5/2020 09:44

Yeah the pressure seems to be building. Looks like we are about to break through resistance at 1.1

[patio58] 19/5/2020 09:42

Is something about to happen? More buys last couple of days, a value of 90m is ridiculously cheap for us and that is 10 times our current market cap, it's a mad world!

[meek] 19/5/2020 09:30

Creeping up....

[samd12] 19/5/2020 09:01

Big buys coming in again......

[meek] 19/5/2020 08:54

I agree crazy... we've all seen how quickly Amur moves when it wants to.

[crazytowner] 19/5/2020 08:50

Going to be very interesting when the 1.1p ask pops. Could be back to 2 very very quickly

[crazytowner] 19/5/2020 08:14

Russia has been extremely supportive of this project from the outset, granting 100% rights even whilst the country was under western sanctions due to annexation of Crimea..The whole Russian plan for the region requires that they attract foreign investment, if they begin screwing over companies, the development plan of the Far East will quickly fail.

[jammytass] 19/5/2020 07:10

Do not worry about the board of directors their shenanigans and insider the deals will mean that they will be well-paid from other sources when this is sold or gone bustDo not ever forget that this is Russia we are dealing with

[crazytowner] 19/5/2020 06:51

Tom Bowens put 163k in last year.. CEO & CFO taking shares instead of salary.. Adam needs to deliver in order to get paid. . TEO extension unlikely to be a problem if required as great Russian relations to date plus we now have Tom on board to deal with it. . Be greedy when others are being fearful.

[hubs] 18/5/2020 23:10

Always shenananigans with the share price here...strange and unfathomable, loads open to guesswork, but things do feel like the line (another!)has been drawn as a base, and something positive is happening. We shall see. gla.

[forgottenchameleon] 18/5/2020 21:16

This is simply not true. The market is moving towards adopting nickel rich batteries (NMC811), as evidenced by significant investments by materials producers such as Umicore and BASF. There is a drive to reduce cobalt, but nickel will be in undersupply for a significant number of years. Copper will of course be needed too. Hopefully AMC have a role to play for both nickel and copper.

[qui quaerit reperit] 18/5/2020 18:45

Only joking, hopefully proper rns any time now...

[qui quaerit reperit] 18/5/2020 18:44

Tom Bowens averaging lol:)))

[samd12] 18/5/2020 17:25

Plenty of large buys in the last 15 mins.......
any thoughts?

[madengland_] 18/5/2020 17:24

RatherNotSay

[8ig8adger] 18/5/2020 16:32

It's been sooo long I think he has forgotten how to.

[madengland_] 18/5/2020 16:09

Meek - absolutely. I think RY was not releasing news previously due to market sentiment. But why hold back now?

[qui quaerit reperit] 18/5/2020 14:21

Russia started easing lockdown, construction sites reopening, shops etc reopening too - Robin young you do know this too!!!

[meek] 18/5/2020 14:00

Regardless of Covid 19, there must be news due shortly. Would it be too much to expect the 2018 drills results??

[crazytowner] 18/5/2020 12:51

I believe that the 75m shares have been rinsed through now, leaving AMC with cash until about October..Am sure that Adam isn't sat twiddling his thumbs. Offtake agreement against the copper in my opinion..Wouldn't want to be out when that RNS lands

[patio58] 18/5/2020 11:43

Nice buys going through

[loganair] 18/5/2020 09:31

I agree, ridiculous levels, way over priced - the share price keeps going down and is cheap for a reason:

The Amur mine has two main commodities, Nickel and secondary is Cobalt.

At the end of this year or the first half of 2021 Tesla will be producing Cobalt free batteries for their EVs therefore the price of cobalt will keep falling and there will be no need for Amur's cobalt.

Not too long after Tesla will start using batteries that require 90% less nickel then the current batteries therefore there will be no real need for Amur's unmined nickel.

Because there is no real need for the two main commodities in Amur's mine is why I think none of the big mining companies have come in to either take a stake in AMC or a JV with AMC and also why the government hasn't come in to build for free any of the infrastructure the mine will need.


The commodity that will be needed in droves for EVs is Copper and that is why the big mining companies have been taking stakes in junior mining companies that are either in the exploration or development stage for copper.