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Eh - I think we are playing guessing games again.
Regardless if he "sent" the application or "applied for" on or around the 12th, the process again takes 3-4 weeks. As Bodach mentioned in his comment and one that I laid out last weekend. Based off the August 12th date, this past week was week 3 & next week is 4.
Extra week of cushion wouldn't hurt huh
JMO $STHC
Board of Directors 2 of 9 contacted - Pending #3
I would encourage you all to contact BoD for answers. - with respect to how busy these individuals are. Keep in mind - they owe us NOTHING. So please be RESPECTFUL if you wish to do so.
I have contacted 2 of 9 members and received several responses from both. Third is still pending.
I know why I am holding this for the long term and will continue to buy the dips... Do your DD
Market Cap of $6.7 mil is laughable.
Good Call out!
Mission
CONTINUE COMPILING COUNTRY’S PORTFOLIO OF GEOLOGICAL RESOURCES, REGULATING MINERAL EXPLORATION, MINING, PROCESSING, TRANSPORT, TRADE-IN, STORING AND EXPORT OF MINERALS BY THE ISSUE OF LICENCES AND PROVIDING EXPERT TECHNICAL COUNSEL THEREOF AND DISSEMINATION OF GEOSCIENCE INFORMATION TO SECURE SUSTAINED ECONOMIC PROSPERITY OF SRI LANKA.
http://www.gsmb.gov.lk/web/index.php?lang=en
I would say you have this correct. However, assuming Ben Berry acts in the best interest of shareholders (from what I've seen the past month) I would say we are just waiting for confirmation. I don't see a reason as to why it wouldn't go through?
Why would AMECA tweet this if they weren't "sure"
'We have completed the OTC application and are working to compile all financial statements for upload as soon as the application is granted'.
Yeah - No kiddin. If I am being any type of honest. I've been off of IHUB during the intraday (unless I have something to provide). Read after the markets close. I'm either sinking with the ship or riding to the moon
I have. You'll see right off the bat the difference in the two companies. There was a video I linked a few days ago. I'd give it a watch.
Yeah - I think we've all been trying to dig up records. I will say there has been a few updates to the Company's website - which you can find here on the forums.
The Professor (also board member) who responded to my text has been working geology in this area for 20-30 years. You could say we are in his backyard. I'd tell you to wait until the Fire Assay results are completed, but you may be chasing by that point.
If I am being honest with you - wait till the reports come out to confirm everything that's been said. If I provided you all the DD i've done + plus others. You'd be in for the long haul as well.
1. Bank feasibility & piloting complete on graphite
means a detailed report prepared or verified by a independent firm of consultants demonstrating the feasibility of placing the Property into commercial production. The study shall be in such form and include such details as is customarily required by institutional lenders of major financing for mining projects.
2. Off-take agreement in place valued at $200 million for material distribution
arrangement between a producer and a buyer to purchase or sell portions of the producer's upcoming goods. An offtake agreement is normally negotiated prior to the construction of a production facility—such as a mine or a factory—to secure a market for its future output.
3. Off-take offers on the table via the Indian Market
India’s demand for graphite from its steel, water filtration, and auto sectors is expected to grow rapidly. Tata Motors has invested heavily in EV technology, but will require a secure supply chain of strategic minerals to fulfill its ambitions.
**This may not be immediate, but could certainly be something we see down the road as AMECA gets it's supply chain going. Per their website "Current supply chains will struggle to meet anticipated demand" - However, just like initial off take agreement valued at $200,000,000 we could see a plethora of new offers after filings.
4. Why is Graphite so important? Supply & Demand
Supply
Seruwila Graphite Core Sample Results -
High Grade -
Ore in Tonnes - 13,702,500
Tonnes after Benefication 100% - 1,918,350
Internal Corporate Estimates - $4,000,000,000 USD
Low Grade -
Ore In Tonnes - 3,685,500
Tonnes after Benefication 100% - 184,275
Internal Corporate Estimates - $400,000,000 USD
Demand
for graphite is expected to surge as EV sales grow (Tesla, Tata Motors, Volkswagen) . Despite discussions surrounding changes in battery chemistry, graphite will remain a key element in EV batteries for at least the next decade
The natural purity of graphite is essential for two reasons. i) cost of processing and ii) quality of finished product. Not only does additional processing adds costs, it can also scratch and otherwise damage the graphite reducing its qualitative features and desirability to end users
Seruwawila graphite is among the purest in the world and therefore preferable over other sources for the requirements of battery manufacturers
There is money to be made here, imo ofc.
Could you imagine the impact it would've had if AMECA's twitter released that. I feel as though, (many have stated this) this company does not operate like a traditional P&D.
While I can't speak on how all this works, it appears to me they are following some type of playbook to release info as necessary.
Yeah... Sadly, I'm new here and everything is new to me. Sucks because I am also impatient. However, if people had the same work ethic that we have and some of the top posters had, this would be a NO BRAINER....
I mean... I'd like to think so.
Not only did he give reassurance that Ameca had the necessary licenses, but ALSO stated it will be acquiring more. To me that adds additional value. imo
'Exploration Licenses are not in the list. It's only of mining-artisanal licenses which you have seen. EL/380 is currently held by VIDHAN HYDRO Ltd AND is in the process of being transferred to AMECA. (Besides there are 4 other gold prospects that are held by VIDHAN and expected to be transferred to AMECA soon.'
LOL doing what I can to hopefully ease some of us... $STHC. Hopefully that's something that can be highlighted. Could you imagine if the Ameca Twitter were to put out that information....
Ah doesn't hurt to try. Had someone post on twitter, on something that didn't seem accurate. Had to do my due diligence to confirm. Too much of a position here not too :)
Of course. Doing the DD that I can. Been seeing a lot of back and forth here on this board.
GSMB - UPDATE FROM Board of Director - PROFESSOR ATULA SENARTNE
$STHC - @AmecaMining Update from Scientist, Partner Professor Atula Senartne regarding the GSMB's recent license update. pic.twitter.com/TWgQb7al5p
— uwillmakeit2020 (@uwillmakeit2020) August 27, 2020
As a brand new investor. I don't know what to believe tbh.
Was doing some research - came across this stock and did my own research, but man reading some of these post really make you think about some things. The ONLY reason I am holding is solely based off the hours of DD I've done myself. Normally any new investor would've ran on that dip, but I'm still here.
As i've seen posted here several times. Know what you own...
I second this
Get it together people.
Worth a watch - A company discussing graphite in Sri Lanka
Respect to your father, but also finding something that holds that form of a value. Here for the long haul - believe it or not, I think the majority of us on this board is willing to do. imo
Gotta Give Credit Where Credit Is Due.
Extremely well put.
Bodach
I find the collateral speculation to be more accurate because mine stocks are much different than every other stock. They already know what it's market cap is going to be at a minimum. They already know. It's not some app that will need more funding because it might be a great idea. It's not some biotech that will need funding during it's plans for FDA trials. It's not some great new product that will need funding to launch and produce and distribute with the hope returns will turn profit.
It's a pile of money in the ground that only needs confirmation. Collateral is the name of the game. The need to dilute while also knowing there are billions that already have your name on them -- makes no sense.
I wouldn't be in this if it wasn't this situation. Every other reverse merger has this problem to deal with. IMO, we don't.
They know what they have can meet market cap for uplisting with current SS, imo. They know what they have can meet even the high minimums in PPS for all institutions (about the $5 point) in our current SS, imo. This is what I've deduced. I could be wrong, sure. But I don't think so, and that is why investing requires some fortitude. Especially where we are now, with a stop sign still, not even complete transaction, not even complete N1 or fire assay, and pink sheets. That requires fortitude; and trust in the DD. And that's why the rewards are so potentially high.
Because they know what's in the ground, they didn't need to waste money on an IPO. I think we have a very unique situation here because of what I've listed above. And that's my opinion.
I concur - Patience will be key here.
Gave me a good laugh. Certainly dreaming rn
They surely don't, but again. Had those series of tweets not come out, I would be curious as to what we would be sitting at...
Yep - imo this week/next week are the suggested dates and times for the assay to be completed.
Furthermore - they stated on August 12 they submitted their application for the OTC market. Which takes 3-4 weeks.
Too much precious DD to pass up
You understand it's trading this way based off an extremely poor choice of tweets, right?
The amount of information that will be released soon is nearly promising. Based off my own DD ofc. Again, imo.
Hmmm. I'm not sure I'm following you. The career summary on both the link I provided and Ameca's are exact. They even look the same...
You seeing something I'm not seeing?
AMECA IS A HONEY POT
If you've looked up that other Company's information, you'd be disappointed. I too have reviewed said Company and already realized the difference in timeline, progress, leadership, and structure that Ameca Mining has.
Futhermore, there are 2 MAJOR key players on the board [Excluding Mr. Bolster] ALL MY IMO OF COURSE...
1. Professor Atula Senartne
We are basically in his back yard. He's been studying Field Geology/Geology in Sri Lanka for nearly 20 years.
https://www.researchgate.net/profile/Atula_Senaratne2
2. Norton Fernando, FCIA
Chairman Sashreeka Agro Management (Pvt) Ltd
Sashreeka Agro Management (Pvt) Ltd (SAM) is a specialist company that provides turnkey agriculture/forestry services, Management and advisory services and agri-tourism to investors and property owners in the agricultural/forestry industry, within Sri Lanka. SAM is geared to identify geographical locations, species and develop viable business models to generate healthy ROI/IRR, whilst the total responsibility from development to maintenance and harvesting lies with SAM. SAM will analyze the current situation and develop an action plan, implement and manage to yield handsome returns over a diversified tenure. SAM can provide expert consultancy services to further enhance the productivity and profitability of your existing project.
CEO
GoldNGreen Concept Innovators (Pvt) Ltd
Investment Management Professionals. Advisory services for Business Links. Projects Ideas, Investor Support Services. Preparation & submit package presentations for Investment Promotion. Fund Facilitator, Line of funding includes loans, cover equity, venture capital, quasi-equity,& other financial instruments.
Introduce 'ideagora' a business ecosystem that has it's core principle innovation & challenge in organizations. Assist & guide young associates for exchange of ideas & new trends leading to development of environment & community life in the rural. +35 years experience.
http://www.nortonfernando.com/about_us.php
Jmho - $STHC
Exactly - gonna be kicking and screaming. Assuming they are hesitant with the stop sign and red tape...
$STHC
'We have completed the OTC application and are working to compile all financial statements for upload as soon as the application is granted'.
I would assume they completed the application ON or BEFORE August 12th.
OTC Application Timeline
The approval process and compliance review can take up to 3-4 weeks after submission of the application.
AMECA expects to report the fire assay results by August/September 2020
A wealth of information coming shortly, imo. Buckle up - it's about to get wild.
WE ARE MOVING INTO WEEK 3!!!! $STHC
Speak it into the universe :D lets see what happens.
Exactly and from the update listed on their gold findings "Potentially substantial new gold discovery" makes me jittery! Patience is key here. The filings will tell it all....
1. Bank feasibility & piloting complete on graphite
means a detailed report prepared or verified by a independent firm of consultants demonstrating the feasibility of placing the Property into commercial production. The study shall be in such form and include such details as is customarily required by institutional lenders of major financing for mining projects.
2. Off-take agreement in place valued at $200 million for material distribution
arrangement between a producer and a buyer to purchase or sell portions of the producer's upcoming goods. An offtake agreement is normally negotiated prior to the construction of a production facility—such as a mine or a factory—to secure a market for its future output.
3. Off-take offers on the table via the Indian Market
India’s demand for graphite from its steel, water filtration, and auto sectors is expected to grow rapidly. Tata Motors has invested heavily in EV technology, but will require a secure supply chain of strategic minerals to fulfill its ambitions.
**This may not be immediate, but could certainly be something we see down the road as AMECA gets it's supply chain going. Per their website "Current supply chains will struggle to meet anticipated demand" - However, just like initial off take agreement valued at $200,000,000 we could see a plethora of new offers after filings.
4. Why is Graphite so important? Supply & Demand
Supply
Seruwila Graphite Core Sample Results -
High Grade -
Ore in Tonnes - 13,702,500
Tonnes after Benefication 100% - 1,918,350
Internal Corporate Estimates - $4,000,000,000 USD
Low Grade -
Ore In Tonnes - 3,685,500
Tonnes after Benefication 100% - 184,275
Internal Corporate Estimates - $400,000,000 USD
Demand
for graphite is expected to surge as EV sales grow (Tesla, Tata Motors, Volkswagen) . Despite discussions surrounding changes in battery chemistry, graphite will remain a key element in EV batteries for at least the next decade
The natural purity of graphite is essential for two reasons. i) cost of processing and ii) quality of finished product. Not only does additional processing adds costs, it can also scratch and otherwise damage the graphite reducing its qualitative features and desirability to end users
Seruwawila graphite is among the purest in the world and therefore preferable over other sources for the requirements of battery manufacturers
There is money to be made here, imo ofc.
So if I’m picking up what you’re putting down - you think a deal was made with Ameca that they have to fork over a certain % of the gold that’s mined - to government in said country?
another 90k Shares. I'll take it. See you all on some random island by the end of this year :D
I’ll agree to that. Been here for about 3 weeks and still worried about day to day :(.
Can we close like yesterday. Here we go
Unsure if this may help, but here is what I found.
After the purchase of a security occurs, the second portion of the trade transaction occurs. This portion is referred to as clearing. While brokers maintain individual books recording the entire amount of buy and sell orders transacted by their clients, DTC handles clearing of these transactions. Clearing trades involves the matching of the buy and sell orders in a security. Once the transactions are executed, details are sent to DTC, where they are recorded and matched for accuracy. After all the trades are matched for buys and sells, DTC notifies all member firms of their associated obligations, and arranges the transfer of appropriate funds and securities. Thus, individual brokers are not dealing with one another after every trade. Instead DTC serves as an intermediary that facilitates the transfer of stocks and cash. It is important to note that DTC guarantees delivery and if the buyer or seller of the security being cleared through DTC does not deliver the purchase price or security sold, DTC fulfills the obligations of the party that did not deliver.
Typically, the DTC clearing process takes three days to complete. When a security is not DTC eligible clearing occurs only upon physical delivery of the stock certificate representing the security from the seller to the buyer. Clearing without DTC eligibility through physical delivery is not a rapid process – it may take weeks to complete. Without DTC eligibility it is impossible for an issuer to establish liquidity in its securities.
Source : https://www.securitieslawyer101.com/blog/what-is-dtc-going-public-securities-lawyer/
Lets see how they like the taste of their own medicine ouchie ouchie boo boo