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AXN - Alliance Nickel

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Hey EasternGrey

yeah i tend to agree that GME are a steal at the moment. i do hold some GME shares myself so looking forward to see what happens with them. would be very nice to see them around the $1.20 mark like the were a few months ago. be very interested to see what happens with the trial heap leach there doing with Cawse Nickel
 
There was an article yesterday (http://asia.news.yahoo.com/070828/3/371m4.html) saying that steel end-users stopped buying a while ago because of high prices. Hence steel-makers reduced production. That alone would be enough to drop Ni prices, and they have indeed come off a long way. But the story also suggests that demand will pick up again later in the year.

I suspect the big drop in GME's share price was from 2 factors (a) falling Ni price, (b) GME's special share issue at a price well below its share price at that time.

My feeling is that GME's share price is likely to return to 'fundamental value' soon, which IMHO is very much higher than today's share price (barring world recession). And that the share price will rise a lot further as GME approach production.

GME is a stock for patient investors, but I do believe it will be very rewarding over time.
 
I have to agree with you that GME is for patient investors and will be very rewarding. I have only been in the share market for nearly a year so still dont know enought to start day trading, plus lack of funds haha so this one is a good little one for me to watch. I got onto this stock through a family member and now hold a nice little amount. do u hold GME stocks aswell?
 
Yes, I have shares in GME, and intend to hold them for quite a while yet. Over the years, I have learned to be patient with share investing - sometimes it takes the market many months to see what I have seen (and invested in), but then the reverse applies as sometimes the market sees something I can't see and by the time I see it the share price has gone out of sight. It can be a frustrating game!!
 
Im the same, I intend to hold these for a long time as well. I have been able to top up my shares over some time now so im just going to be sitting on them. From what I have heard they will eventually be worth quite a few $$. I have only just recently found this forum too which has already taught me a lot, so thats for ur input as well champ.
 
Ni back up to $US29,400, 27-mth $US28,050. IMHO demand should strengthen later in the year. My guess is the worst is over.
 
Not a bad finish to the month, fingers crossed there should be more to come in November, I have also heard a rumour that they were having talks with some Chinese company... only hearsay tho.
 
The Pre-Feasibility Study on GME's 100%-owned NiWest Nickel-Cobalt Project in Western Australia is due any day now.

Today's 21.43% rise to 17c indicates that either someone is taking a punt that the PFS will exceed expectations or something has leaked out. It is currently looking like a potential breakout, although today's volume was not very high so obviously there was little supply under 17c. Most holders are clearly hanging on for the upcoming announcement.

The spurts of high volume in mid to late June and early July appear to be people taking positions in anticipation of the upcoming PFS.

big.chart-GME.gif
 
A day in the life of a Spec ….

The PFS actually read ok but production is a long way off and the Market is fickle
GME 2nd august.jpg
 
Agree barney. I think it read OK as well but with $1 billion in capital expenditure and the volatility of commodity prices (nickel fell from US$7 to $US6 per lb between early June and mid-July) that free cash flow figure of A$3.342 billion is based on an average nickel price of US$8 per lb over the life of the mine. That's a big assumption.

As you say, production is a long way off and a lot of punters have decided to look elsewhere for more compelling short term opportunities.
 
Oops, wasn't reading the rules of the stock tipping comp properly.
1612138049358.png

GME is currently caught in the crossfire due to a GME(NYSE) due to the same ticker name.
There'll be a lot of short term volatility as people will mistakenly or deliberately pump the stocks up as seen by large swings of almost double between the highs and lows in the past few days.

The craze will probably settle down in a week and be back to normal at the end of the month.
 
GME appeared in my crap stock scan today. These ones always require lots of research before I trade them.

Weekly trend is UP. Daily trend is UP. Daily traded volume is low, so price is quite volatile.
Price has rallied since their last SPP (0.045). Company doesn't have much cash and they've spent plenty over the years ($33Million) exploring their nickel, cobalt resource. Now, it's nickel laterite, not the preferred nickel sulphide. It costs a lot more and is very dirty to refine NI-laterite to pure Ni.

Reading their Overview of Operating Activity (21/9/21).
It contains this line. "The Company remains ready and committed to advance the project as soon as market conditions are favourable. "

I'm thinking WTF are mgt doing, because nickel is at 12 year highs.

They only people buying this one are gamblers hoping for a miracle.
 
peter2 said:
GME appeared in my crap stock scan today. These ones always require lots of research before I trade them.

Weekly trend is UP. Daily trend is UP. Daily traded volume is low, so price is quite volatile.
Price has rallied since their last SPP (0.045). Company doesn't have much cash and they've spent plenty over the years ($33Million) exploring their nickel, cobalt resource. Now, it's nickel laterite, not the preferred nickel sulphide. It costs a lot more and is very dirty to refine NI-laterite to pure Ni.

Reading their Overview of Operating Activity (21/9/21).
It contains this line. "The Company remains ready and committed to advance the project as soon as market conditions are favourable. "

I'm thinking WTF are mgt doing, because nickel is at 12 year highs.

They only people buying this one are gamblers hoping for a miracle.
Click to expand...
@peter2
Do you reckon it is still crap with Jamie moving into non-executive directorship and a professional MD inducted?
Look at the revised PFS with updated Nickel price - increased IRR though not exciting
The PFS figures are challenging with no OPEX change over five years and that could be a CRAXX report





the cost of production of Nickel with Cobalt rebate (no cobalt yet to produce) is $7 per lbs. If I go back to Ambatovy Nickel in Madagascar back in 2016, the Nickel produced at $3.5 per lbs was a too high a cost (of course then battery boom was but production cost double ??)


I am tempted to put this for Sept tipping though realise first come first serve. I have to follow the announcements too for next two weeks
 
I know nothing about the individuals but it seems like a positive move to get a more experienced MD in.
PFS has progressed to DFS. The price of nickel has remained above it's longer term average. Looks like they've finally decided to proceed to the next step. I would classify as still speculative at this stage.

The GME price has moved higher but there's been no convincing volume traded. If they do proceed they'll need to raise more capital.
 
On January 27th, 2023, GME Resources Limited (GME) changed its name and ASX code to Alliance Nickel Limited (AXN).
 
up 60 per cent today

Screenshot_20240208-132933_CommSec.jpg


AXN has signed a non-binding term sheet with Samsung SDI for the future offtake of battery grade nickel and cobalt sulphate products from the NiWest Nickel-Cobalt Project in Western Australia.

Subject to final negotiations of the definitive terms and conditions and satisfaction of customary conditions, it will enter into a binding offtake agreement with the ASX mining stock for an initial period of six years.

In addition, it was revealed that Samsung SDI and Alliance Nickel will discuss a potential acquisition by Samsung SDI of an equity interest in a project company to be formed by the latter that will hold the NiWest Project.
 

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