Anglo Asian Mining Share Discussion Threads

[wanobi] 18/6/2019 07:55

AMC, thanx cmb, I have located the PFS pdf & ppt and will read these today :-)





Cheers
Wan :-)

[wanobi] 18/6/2019 07:52

Good morning all, wishing you all a great day :-) Wan

[brasso3] 18/6/2019 07:24

Have a feeling the FED will hold on interest rates and temporary halt the march on gold. Cannot see gold below $1350 though in 3 months time.

[podgyted] 18/6/2019 07:02

Gold going for another run.

[bozzy_s] 18/6/2019 03:02

Congrats Cinoib, exciting times.

Gold price back up to recent highs in GBP, at 1072/oz

[callmebwana] 18/6/2019 00:12

OK Wan. I don't pay attention to Tom Winneford,s word, all the same ! They took profits at 90 P in AAZ !! Goes to show how good he is !! He was invested in AMC if I remember rightly. Sour Grapes more like in my mind at the moment.

AMC had to survive, agreed the Wonga Financing. They had no choice at all but to get finance from whoever they could. That has kept AMC going.

Wan, do you believe in the Nickel Story?? Tesla are worried about their supply. Musk said he may buy a Nickel Mine. LOL :0)
We have Nickel Sulfide, the EV Batteries need Nickel Sulfide not Laterite. Too many impurities in Laterite. It would cost a lot more to remove these impurities to be used in Battery Manufacture. So Nickel Sulfide mix with Sulphuric acid you have Nickel Sulfate that is what they use in EV Battery manufacture. You have to read the PFS first. It is one of the RNS from AMC. Do you know that there are 70 Giga Battery factories being built around the world for EV,s?
Don't jump in without doing your full DYOR etc. What if there is a straight T/O or a merger?? The shares would be suspended then !! No one can buy in then !!
I gave my Broker to transfer 560.365 shares into my ISA today.
IMHO for what it is worth. AMC will come good in its own time. It is not a share for Jam tomorrow people.
Yes, just a small punt would be good from you. Only if you are sure. Not because I say so. At the end it is your money and not mine. Last words from Proactive, the last Nickel Sulfide Resource to be discovered in this world!! Not my word but theirs.
Do what you feel is right in your mind.£1K/2K is good enough for a punt to start with.IMO.
Though this is my second largest holding in my portfolio. Because I believe in this story.
Everyone have their own favorite play, this one is mine. ATB.

Edit.
The Battery Manufacturers are very worried about future Nickel Supply.
Look at the Nickel Chart on KITCO. Nickel has been bought, as insurance by the Battery Manufacturer
Check Seeking Alpha as well, regarding Nickel.

[s0lis] 17/6/2019 23:52

brasso3

But we must be pi55ing the EU off as we are gaining against the euro...............

[brasso3] 17/6/2019 21:32

The government will not want a strong pound why they are trying to sort our Brexit.

[fardels bear] 17/6/2019 21:31

Yes, that was the name...

[laurence llewelyn binliner] 17/6/2019 21:20

The GBP is getting a proper drumming, another month and we could see 1.24/1.23 yet..., there’s not much of a case for a stronger pound any time soon while Brexit drags on, Boris promises things he can't deliver and manufacturers/employers pack up and leave...

[cinoib] 17/6/2019 20:31

Just dropped in to see how we are doing and very nice to. I see we have a huge spread again at close but still up. 2 more days in Scotland and have bought my farm so need to sell mine in mid sept, so keep pushing it up as I need 1.50 each at least to pay the massive bill I will get.

[mattjos] 17/6/2019 20:25

that was 'fund female' & I believe she bought a load more at 4-5p. She was first uk person to visit Gedabek before they were even in production. I hope she kept hold

[fardels bear] 17/6/2019 20:21

I did have 80000 at one point but I'm no Warren Buffet sadly and other temptations came my way.ISTR there was a woman ran the AAZ board on II once upon a time had eight hundred thousand, or so she said. Wonder if she still holds.

[s0lis] 17/6/2019 20:05

sharestobuy

bozzy is giving you the yearly yield of interim and final dividends. The final dividend to be approved at the AGM is 4 cents which at US$1.255/£ is 3.18p per share, or approx 2.86% (at 111.5pps on 17/6/19) just for the final dividend payable in July.

[oakey1] 17/6/2019 19:53

@jeansey STCM will come good and meanwhile 8-10% divi :).......I was in Tsg and made a profit but in my noob opinion STCM is the better home for my limited funds atm....Tsg still a great company but it was one or the other for me due to afore mentioned limited funds and for me STCM is just a nose ahead...have fun good luck

[wanobi] 17/6/2019 19:36

cmb, thanx for pointing me to the PI write up, it is a very good summary of the opportunity,,, albeit without any view in regard to the financing games at play,,, it has certainly made me think about taking a small position for a third time :-) cheers Wan,,,,, will let you know if I do :-)

[wanobi] 17/6/2019 19:33

cmb - There is a write up on Proactive Investors today about AMC. Why??

No idea :-)

Just have a little read of it. They have not included the 2018 Drilling Results in the PFS yet. Nor given them to the PI's either !! Something is brewing there for sure IMO.

I think you are most probably correct, something is brewing,,,,,

could they be under NDA as part of a acquisition/takeover process or something similar??

maybe, just maybe.....

PS... you are most welcome to post your thoughts on any stock here, that's what this thread is about.... and I know you are not ramping AMC, I know you genuinely believe in its potential and that something very, very positive for the share price is coming very soon...

Cheers
Wan :-)

[wanobi] 17/6/2019 19:23

thanx cmb, here it is, cheers Wan :-)

Amur Minerals offers two potential development scenarios for the Kun-Manie nickel sulphide deposit 14:48 17 Jun 2019 Amur Minerals has a huge undeveloped nickel sulphide deposit in Russia

Nickel is a major component in making batteries for electric vehicles
Huge nickel resource in Russia. One of the world’s last sulphide deposits
Pre-feasibility studies offer two scenarios for economic extraction

What does Amur Minerals do?
Amur Minerals Corporation (LON:AMC) is a junior mining exploration company that holds assets in Russia. The company is run by long-standing chief executive Robin Young, who spends much of his time in Russia. Other directors, including Robert Schafer and Brian Savage also boast long years of experience in the mining industry.

What does Amur Minerals own?
The principle asset is the Kun-Manie nickel deposit in the Amur Oblast of Russia’s Far East. This project is one of the world’s last remaining unexploited nickel sulphide deposits, and also contains significant amounts of copper. As it stands the JORC resource rings in at 155.1mln tonnes of ore grading 1.02% nickel equivalent for a total nickel equivalent tonnage of 1.58mln tonnes.

Plans for development
A prefeasibility study released in early 2019 showed that production is likely to come from four open pits and one underground operation. It’s envisaged that the overall mine life will be 15 years, although precisely how the ore is mined depends on which of the two options presented in the prefeasibility study is adopted.

Option one, known as the TS option, will cost less to develop but offers lower margins and a lower NPV.

Option two, known as the FFS option, will cost more to develop, but will deliver significantly higher returns.

Under the TS option, post-tax free cashflow will amount to just over US$2bn.

Under the FFS option, post-tax free cashflow will amount to just under US$3bn.

Chief executive Robin Young is confident that the future of nickel is bright. Nickel is a key component in the manufacture of batteries for electric vehicles. As well as that huge growth market it is also essential in steel manufacturing.

"The PFS provides a robust review of Kun-Manie's value, scale and viability and it is our intention to explore further the strategic options that will enhance the company's continued development of the project,” says Young. “We believe that it puts the company in a strong position and provides attractive economics to invite discussions with varied parties to strengthen our team and deliver production at Kun-Manie. Additionally, there is significant potential for further upside to this PFS, following the company's successful drill programme last year, which yielded a number of positive results including expansion of the mineral resource estimate and mine life. As a company, we are encouraged by the PFS and the further step it has created in positioning the project to attractive partners that will support Amur's goal of seeing Kun-Manie being developed further and value delivered to shareholders."

[wanobi] 17/6/2019 19:12

thanx Rb, fair point well made, I just prefer to think that those who sold to me did well out of it and are happy,,, cheers Wan :-)

[callmebwana] 17/6/2019 19:05

Wan, just a quick one. The Results are due from AMC on the 28th of this month.
There is a write up on Proactive Investors today about AMC. Why??
Just have a little read of it. They have not included the 2018 Drilling Results in the PFS yet. Nor given them to the PI's either !! Something is brewing there for sure IMO.
Though I been known to be wrong as well at times.
I don't like plugging my other holding too much on here.

[riggerbeautz] 17/6/2019 18:59

Wan there were people selling AAZ at 7 and 8 p, thinking it was a good return from 5p! All depends on attitude to risk, conviction and chasing other hot stocks. I’ve long been in the boy plunger camp, mind it’s sometimes cost me riding winners too long, (Mart Resources a six figure case in point I don’t want to repeat..ouch! Made small beer to what could’ve been.).

Probably why I keep taking profits on GCM and Wallbridge when they look right. AAZ I just thought was so undervalued and I still feel that way.

[laurence llewelyn binliner] 17/6/2019 18:57

#Fardels Bear, you have a very nice average holding price there, and some cracking dividend yields to come, well done, I can see why you are the champion Cheer Leader now.. :o)

[bozzy_s] 17/6/2019 18:48

The yield at 113.45p at today's exchange rate (1.255) is 4.92%

Fact

Not a ramp or exaggeration. That's below:

Expecting to see 8c or 9c paid for 2019 accounts, due mainly to increased price of gold. Other factors are lower price of copper (immaterial vs increased gold price). Lower interest charges. Hopefully overall production will be slightly higher than 2018, at a very slightly lower AISC.

At 9 cents for 2019's accounts, payable in autumn 2019 and summer 2020, the yield would be 6.32% for buyers at 113.45p. Not an unrealistic scenario.

[wanobi] 17/6/2019 18:42

feet firmly on the ground cmb :-) hopefully we bought from 5p holders who made a massive profit and now have their cash in the bank and are very, very happy,,,, we still have paper profits,,,, although, I agree with you, for us, this is a LTH provided the story doesn't change and yes, prove up those old Russian numbers and we'll be at 300-500p I feel :-)…..

any newbies looking in, please do not think I am a seasoned investor (cmb is), I'm not, I say it as I see it,,,,, but, that most certainly does NOT mean I am right :-), so please do the reading and satisfy yourselves before you dive in.... and remember, no matter how good something looks, those black swans are around to spoil the party at very short notice :-) GLA

Cheers
Wan :-)