This nickel exploration stock just spiked higher on new license approval

The long wait is finally over for promising nickel exploration firm Amur Minerals Corporation (OTC:AMMCF) after the Russian government approved its application for mining rights for its Kun-Manie nickel copper sulphide deposit.

It took the company almost a decade to obtain the go signal to operate as a full-blown junior pre-production company. Now, the only thing that Amur has to do is to make a one-time payment of $460,264 (23.6 million rubles) to officially complete the transaction.

The company is expected to turn over its exploration results within 30 days. This includes the permanent Russian feasibility study based on further metallurgy and engineering work on the site, which also need an approval from GKZ or the State Reserves Committee. Nevertheless, the company can now legally conduct pre-production undertakings to mine all drilled mineralization equivalent to 841,000 nickel tons within the site.

The license is valid until December 2034—a total of nineteen years—and it covers 36 square kilometers.

Chief executive Robin Young expresses his delight on the license’ terms and conditions. He stated that the authorities give considerable leeway to advance the project as quickly and efficiently as possible.

“As we prepare for the detailed exploration, engineering and subsequent production stages of the project, we express gratitude to our team in Russia and the UK , to the Russian Government for their support of the company’s efforts, and to our shareholders, many of whom have been steadfast over the years in their belief that Kun-Manie is a highly substantial asset with a great future,” said Young.

Amur’s current success is met by celebrations from penny stocks investors who have long believed that the small company could go beyond exploration and become a substantial player on the global stage.

The company’s shares skyrocketed by 115 percent on news of the license approval.

Amur has been one of the best penny stocks to watch since it first announced its pre-production goals in 2014.

It now holds 100 percent of the rights to mine nickel, copper, platinum, palladium, cobalt, and other minor minerals from the Kun-Manie property.

In November 2014, Amur announced that the company’s application to conduct pre-production undertakings on the reserve had finally reached its last stage upon placing the request back in the same period. From there, the company made substantial steps to convince the government that it could really run a world-class mining project.

Young invited several government officials to personally present the ongoing infrastructure and technological developments at the Kun-Manie Reserve. This ended up in an agreement on continuous partnership, and, on the company’s end, a committed adherence to the country’s mining regulations.

Why there is an asset bubble in Asia

Investors will have been interested to note that the Asia Pacific market declined last week, after data earlier in the day revealed that China’s economic growth was at its slowest rate in nearly six years. According to the National Bureau of Statistics of China (NBS), GDP rose by 7% in the first quarter of 2015, and this figure represented a slowdown from 7.3% during the last three months of 2014.

This is impacting heavily on stock market activity, while the Japanese Yen (JPY) is also weak, while the projected cuts to economic growth and inflation have also taken their toll. International investors will have also felt the impact of changing taxation laws, which have been implemented as part of widespread, political reforms.

The Laws of taxation and International Investment

The laws of taxation are constantly evolving, as political and social shifts trigger aggressive reforms. Nowhere has this been more pronounced than in the Asia-Pacific region, where a Presidential review has forced an overhaul of all existing legislation and triggered an increase in the overall rate of taxation.

This is misleading, however, as countries in this region still boast a comparatively low tax rate in the global market. The average total tax rate stood at 36.4% at the end of 2014, for example, with only the Middle East region boasting a lower figure. So while residents and business-owners in Asia and the South Pacific may now be required to pay more, they are relatively well-off within the global climate.

The Tax Rate for Overseas Investors

Despite this, the portents are not so rosy for overseas property investors. These individuals are forced to pay a significantly higher tax rate than domestic buyers in regions such as Singapore and Hong, for example, and this marks the Asia-Pacific area as the single most costly place for foreigners to invest their hard earned income. While some may claim that it is good practice for a government to offer tax relief to local investors while recouping this income from those overseas, there is a counter-argument which suggests that this is detrimental to the economy in the long-term.

If you take the current global economy, for example, property market saturation in London and similar metropolitan regions is forcing investors to look overseas. This creates opportunities in luxurious Asian-Pacific locations such as Singapore, Hong Kong and Australia, which could in turn drive wider economic growth and prosperity. The addition of a ‘foreign investor’ premium may deter wealthy individuals from considering this market, however, both in terms of the cost of housing and all subsequent tax levies.

Balancing Cost and Profit: How to Tailor your Investment Portfolio

If you are currently looking to diversify your real estate portfolio, higher levels of taxation do not necessarily mean that the Asia-Pacific market should be avoided. Your decision must be taken by balancing this premiums and additional costs in relation to potential returns, as you calculate both short and long-term gains and compare these with alternative markets. Be sure to take into account variable rates of tax and stamp duty across alternative nations, making accurate estimates before arriving at an informed decision.

In addition to this, you should also commit to partnering with an industry expert that can help you to manage your international assets. Investment management experts such as Shiznit Stocks provide a relevant case in point, as they specialise in identifying the best penny stocks to watch and can help investors to optimise the profitability of their portfolio. With expert guidance and an appreciation of costs, it is possible to profit even in international markets where investors are subjected to inflated premiums.

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