Scribbled some notes on Amur Minerals and their impressive Nickel find in Russia.
“Amur Minerals and the great nickel find” https://link.medium.com/yn6Br9NCP6
Anyone holding?
Scribbled some notes on Amur Minerals and their impressive Nickel find in Russia.
“Amur Minerals and the great nickel find” https://link.medium.com/yn6Br9NCP6
Anyone holding?
Recent dilution. Still finding its feet.
Cant take away from the find which is already at mre.
It’s big, just seems like noone cares.
Invested in AMC since December planing to add some more up to few tens k rather no more. There was rocky road with them for me with them but planning to hold for little bit longer
@Donald_Duck, you do not seem very keen (according to your post) due to dilution and disregard for shareholders with even the possibility of selling off cheap.
Have you invested?
Yes. Everything aside it’s one of the biggest Nickel finds of a generation. It’s a bet though, I can’t tell you with any certainty that anything good will come of it.
Okay. I actually thought that you were not keen. I am very very new to investing in mining stocks but I will do some research and let you know what I think .
@Donald_Duck I forgot I had set a limit buy on this, not canceled and it triggered today.
So I now have 10,000 shares @ 1.160
Down already - you’re one of us!
I have had a look at it and I have been surprised by how little information I have been able to find online. There were very few recent “reputable” articles or youtube videos.
Just a few comments:
Feasibility study:
Shareholders:
Board:
Finances, based on June 2019:
Future:
Overall:
What are other member’s thoughts?
The spread seems quite far, atm 1.202 to buy and 1.117 to sell so ~0.085
Looks like a close of 1.151
A 1.7 or 2p period would be nice. I can’t see any news that matches up to these peaks, they can’t be random. Or can they?
I wouldn’t worry about this too much. Nickel inventory is still being drawn down post 2008 when there was a rush to commodities and thus stockpiles had to be much larger, this is hurting the price.
Once the drawdown has finished there’ll be a considerably less supply then demand especially if Nickel batteries continue to be needed for EV or electrification (or energy storage at green energy producers).
I’d expect you’ll see something of a rally like the recent Palladium rise.
It’s a bet. The due diligence is almost worthless for me, as I can’t trust the data. This is all about Adam Habib.
This . This guy is a heavyweight to the Amur board and has done substantial financing deals.
@krr13 and @Donald_Duck, is he that good? What are his credentials and what is his role? Is he just an advisor, not on the board?
That is also the video that I made reference to in my post earlier
What else do you know about him?
https://www.linkedin.com/in/adam-habib-203a3422?originalSubdomain=uk
It’s public knowledge. He’s a very well connected man.
MD Credit Suisse.
MD Lehman Brothers
And most recently MD ICBC bank.
So the possible issue of shares (equal number to the current one) is to acquire a “cash -generating asset” to finance their future development. It seems like they seriously want to develop their mine, which may not be the best news for @Donald_Duck . Though Habib’s smile around minute 9 when speaking about a possible sale may say otherwise.
Amur is up 36% today