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DO not forget, this entire arrangement came about with government approval from both political parties. Ameca has ALL intellectual gold rights for all of Sri Lanka. GSMB has approved the permits.
My opinion is: The Sri Lanka government wants this gold and now graphite mining to help their countries new development. Basic economics. They are coming out of a civil war depression. Jobs, product, export. And what could be better than a gold mine?
Some here are debating how they could get financing for operations. The way I see it, it has already been guaranteed. They have government support. Not government opposition. Compare that to mining companies that have to fight to get the rights to mine other places.
Yes!! As I have been saying. The Gold is there. Visible in core samples. Shown in core sample numbers. That is what they knew was there from before the war. People have been waiting years to get to this dig.
"Given the geology, it is believed that higher concentrations (perhaps veins) lie at a deeper level. This is the current focus of AMECA's drilling program – which will reach a depth of 200 metres."
Check out the core sample charts.
https://www.amecamining.com/gold
Watching and waiting. Even the MMs seem to be just watching and waiting. Few trying to flip or need to sell for pocket money. Small action moves $STHC around. How much will big volume move $STHC when the info stream starts?
The Ouchie for not selling sooner, and the Boo Boo for selling too low before bounce.
Thats a lot of shares going in the gap right now
Hate watching $STHC and my account right now. I have confidence in what will happen with court clearing. But aaaaaa I don't have any left to add while low !!!
Huh? Russian collusion?
Deep breath, head shake, staring at the ground
I am here because I own millions of shares. I can only guess why others are posting here. But I can make pretty good guesses about some by their posts.
Correct. Which is why we are all grasping at anything to talk about here.
Wait wait wait
But then I still don't see the negatives. What has been posted here against $STHC doesn't hold up under scrutiny. Most of the positives do. Just check Ameca website.
Can't be certain. But it keeps showing that way on L2. They are not coincidental doubles. Been happening on this stock for while. Usually the pps amounts are between the Ask/Bid. The amounts just materialize on the transaction side. In duplicate sizes for the same price or extremely close.
Ok that sounded dumb. I mean shares being swapped to specific accounts, not retail share selling and buying on those match amount trades that occur in pairs.
Still looks like share exchanging to me.
Agreed. Add in the new developments with super conductors that require very high grade graphite
I found this article very informative
https://snowdengroup.com/news/mineral-notes-graphite/
Mining and production
Global natural graphite production is approximately 1 to 1.2 million tonnes (Mt) per annum, of which flake graphite is estimated to be about 600-800 kt per year, amorphous graphite about 300 kt and vein graphite around 4 kt.
Amorphous graphite is produced mainly in China and Mexico. Sri Lanka is the sole producer of vein graphite
Flake graphite deposits occur as lens-like to tabular bodies and are generally mined opencast, though some high-grade flake graphite deposits are mined underground in Germany and Norway and until recently, in Zimbabwe. Most flake graphite deposits mined opencast contain between about 5% and 15% graphite, whereas underground mines have grades of around 20-30% graphite.
Some flake graphite deposits are deeply weathered and described as ‘free-dig’ given that explosives are not needed to extract the ore – examples include producing mines in Brazil and Madagascar and some exploration projects in Malawi and Australia.
Vein deposits have complex geometry, are narrow and are selectively mined underground in Sri Lanka. Amorphous graphite is mined underground, mainly in China, using methods similar to coal mining.
The most commonly used beneficiation method for flake graphite is flotation, while acids or alkalis may be used to leach out impurities from concentrates. Graphite ore is crushed and ground in rod mills, before flotation, followed by several regrind and cleaner flotation stages and final drying, screening and packaging. Vein graphite is often purified by hand-sorting.
Most spherical graphite for lithium-ion battery anodes is manufactured in China and then exported to Japan or Korea for final coating. The process involves micronising and spheronising the graphite flakes followed by purification (commonly acid, alkaline or heat treatment) before being coated and made into anodes. The conversion ratio for flake to spherical graphite is estimated to be around 30-40%.
Interesting Monday. Market up. Lots of movers today. $STHC still waiting. Some sneak out for other quick plays. While others take advantage of the sellers.
That is how I see it right now. Nothing unusual.
Waiting for court sign off. Then next steps.
Or share exchange to another account. Was worth over $75,000. Can't dump without buy.
Interesting how all those .02345 / 10,000sh are between the Ask and Bid amounts.
Exchanging/moving shares?
Also, it seems that St Jean Carbon was working on a deal to sell high grade graphite to Panasonic prior to that. Even though no one knew where the high grade graphite would come from.
https://equity.guru/2017/03/01/saint-jean-carbon-sjl-v-soars-on-first-order-from-panasonic-but-why/
A lots has been in the works for some time.
All started when Civil War ended. Peace brings opportunity.
Tesla is down a little today because there is interest in other auto manufacturers like GM (Hummer EV) that are entering the electric vehicle market. NIO is up. More EVs equals more need for batteries, more batteries equals more need for base materials. Batteries need high grade graphite.
Best vein graphite deposit available for sale? Sri Lanka
Who has a big ($4.4 bil) confirmed pile? Ameca
This is the age of the batteries wars.
The Cola wars were nothing.
This is how Ameca found its way to Sri Lanka. And now has intellectual rights to all of the gold in the country. And the high grade claim at Seruwawila.
More gold deposits:
"According to a recent geological survey, there are gold deposits in Horana, Akuressa, Deniyaya and Nilwala-ganaga. In fact, the Gem and Jewelry Authority found gold in sand samples taken for Deniyaya recently. There were also a high amount of Uranium and Titanium in the samples."
https://raregoldnuggets.com/?p=2217
The gold was known about before the civil war. People in the know there have been waiting for the chance to get to it. Ameca is the instrument of Sri Lanka to get the gold mined.
Plus the graphine find. Which is huge. Over 4 billion. What other OTC stock has that kind of assets???
Synergy is doing their job, as they have done for others. Transfer is imminent. Waiting only on overcovidwhelmed courts.
Then a stream of news that is being held until the lawyers say "GO for it !"
Geo reports (NI-43), mining facility development and production levels.
Palladium confirmed, and even a crap load of copper.
So sell if you are up and go chase some other shiny object.
Move along, nothing to see here.
Graphine is very dull colored.
OF course this is not even my opinion, let alone any kind of advise.
With such wide gaps on that Ask side, you would think a smart trader would not try to sell such large piles at the bottom of the PPS. SO easy to move higher to make more money.
Selling for more money must not be their goal I guess.
SO strange.
WHy oh why would someone do that?
Maybe I should sell my millions of shares below their Ask. Ya that sounds like a good idea.
NOT !
LOL 450K @ .0216 wall wiped out. Someone got a good lot there.
I thought same. She announced going to sell millions of shares before doing so. Right. SO others would sell before her and lower her sale prices? No, so others would panic sell and she could buy.
Sheeple follow
This is all great info. Thank you for sharing some knowledge.
Consider also that Ameca is the only company approved by the GSMB to mine gold in Sri Lanka. I think that would make selling a mute point. They have done a lot of work to set this up so far.
Thanks for mining stock info
That gives me great confidence to know. Thank you.
NObody here is fooled by those cross trades. Just stop
Quite the wall up today
Here comes the end of day attempt. Bid whack, wall set up. Now who has stop losses set?
Leap Frog!! If they want shares they have to go over my bid LOL
I'm having more fun jumping the bid up
There is no dumping. My Bid still has not filled.
LOL. My 50k bid @ .022 was just highjacked. I feel so used.
Along with the CDEL .0235 448k wall up. spells panic I think. Things are happening soon guessing
2 x 911s ?? Someone in a panic?
Wide moves on low volume. Congrats to those picking up these little bits on the dips. Not a lot there to grab so far.
Nice churning as PPS inches higher. Nice highs today so far. And Lows are still up. Good signs.
Appears buying shares yesterday in the .022s was a good plan. Channel has moved up a bit today.
Good Luck to all. Looking to be GOLDEN
See how it moves when we THINK about the upcoming news. Wonder how it will move when big news hits.
I guess I wasn't done today. Added another 80k. We are just too close to things happening here to not be ready.
Exactly. Anywhere in this channel is great buying I think.