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04-Oct-2017 13:09

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If shares placement,that means dilution of AMAL' s shares. I would prefer they do a CB placement so that in the short term there is no dilution of AMAL' s shares.
IMO.

amlithiumpower ( Date: 04-Oct-2017 13:03) Posted:

CAD 15M is way above HKD 90M and I think since AM are negotiating with Burwill on the prepayment that Tawana already received, then highly possible part of the deal will translate into equity components.

RedEye1811 ( Date: 04-Oct-2017 12:57) Posted:

I wonder if Burwill had to issue a disclosure in response to the climb in SP today. To my knowledge HKSE does not issue public query requests if trading activity is in question. SGX, KLSE and ASX do it publicly but I think HKSE do not. I could be wrong, but if correct then perhaps someone behind scenes at HKSE sent them a private query (which they can do) to ask. And their disclosure the result.

It is more than likely the overseas company is AMAL so high probability there. However, it can indeed be regarding the Canadian company, or even ones not on our radar. Give odds it AMAL but very easy to be a surprise.

The announcement of Burwill saying in " negotiations" tends to infer to me that we headed for a suspension with AMAL as they still trying to work out the details. Very annoying as perhaps they should have not made a TH till negotiations finalized. If Burwill can trade on, why AMAL sitting on the fence smoking?

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04-Oct-2017 13:03

Alita Resources / alliance mineral resources move up

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IMO.If it is AMAL placement ... 40 -50 millions shares@$.027? Wait....
DYOR and DYODD.

furnaces ( Date: 04-Oct-2017 12:57) Posted:

Burwill announcement out, likely waiting for AMAL before full disclosure. Just wonder how much and at what price.

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04-Oct-2017 12:33

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OFFTAKE CONTRACT AND NAL SHARE SUBSCRIPTION

On 9 June 2017, a wholly-owned subsidiary of the Company, BCL, entered into the Offtake

Contract with NAL, pursuant to which, BCL will receive a high grade lithium concentrate of

80% of the total production of the La Corne Lithium Mine Project in Quebec, Canada. The

Offtake Contract is for a period of three years, after which BCL may extend such right of

purchase to the same for subsequent five years. The purchasing price will be determined by

both parties based on market conditions.

BCL undertakes to subscribe for no more than approximately 10% stake in NAL (upon

completion of the NAL Listing) for a total Consideration of CAD25,000,000 (equivalent to

approximately HK$145,000,000).

LISTING RULES IMPLICATIONS

As the applicable percentage ratios in respect of the NAL Share Subscription exceed 5% but less

than 25%, the NAL Share Subscription constitutes a discloseable transaction for the Company

and accordingly, is subject to the reporting and announcement requirements under Chapter 14 of

the Listing Rules.

The Board is pleased to announce that on 9 June 2017, a wholly-owned subsidiary of the

Company, BCL, entered into a lithium concentrate Offtake Contract with NAL.

OFFTAKE CONTRACT

Date: 9 June 2017

Sellers: North American Lithium Inc.

Buyer: Burwill Commodity Limited, a wholly-owned subsidiary of the Company

As at the date of this announcement, to the best of the knowledge, information and belief of the

Board, having made all reasonable enquiries, NAL and its respective ultimate beneficial owners

are third parties, independent of the Company and its connected persons.

- 2 -

Pursuant to the Offtake Contract, BCL will receive a high grade lithium concentrate of 80% of

the total production from NAL of the La Corne Lithium Mine Project in Quebec, Canada, while

another 20% of the total production is reserved for sale to an European commodity trader. The

Offtake Contract is for a period of three years, after which BCL may extend such right of

purchase to the same for subsequent five years. The purchasing price will be determined by both

parties based on market conditions. The first shipment of lithium concentrate will start from

around the 3rd quarter, and till the end of 2017, BCL will receive approximately 32,000 dry tons

of lithium concentrate from the project. Subsequently, BCL will receive the amount not less

than 80,000 dry tons per year.

NAL Share Subscription

Pursuant to the Offtake Contract, BCL has promised to pay the Consideration in a total of

CAD25,000,000 for the subscription of approximately a total of 6,000,000 common shares of

NAL (representing approximately no more than 10% of the enlarged share capital of NAL upon

completion of the NAL Listing). BCL shall pay the Consideration to NAL on or before 10 July

2017. If NAL Listing fails to complete by 30 September 2017, the CAD10,000,000 payment by

BCL will be for the subscription of certain common shares of NAL and the CAD15,000,000

payment by BCL will become an advance payment made by BCL to NAL for the purchase of

products under the Offtake Contract and will be repaid by NAL to BCL by way of set-off

against the purchase price for the products in accordance with the Offtake Contract.

The payment for the Consideration for the NAL Share Subscription will be funded by internal

resources of the Group.

Atom99 ( Date: 04-Oct-2017 12:28) Posted:

Maybe not AMAL.But Shares placement from NAL in Canada.

Atom99 ( Date: 04-Oct-2017 12:22) Posted:

Looks like AMAL is going raise cash by placement of shares to BurwillHL? IMO.
DYOR and DYOD

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04-Oct-2017 12:28

Alita Resources / alliance mineral resources move up

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Maybe not AMAL.But Shares placement from NAL in Canada.

Atom99 ( Date: 04-Oct-2017 12:22) Posted:

Looks like AMAL is going raise cash by placement of shares to BurwillHL? IMO.
DYOR and DYODD

Atom99 ( Date: 04-Oct-2017 12:19) Posted:

INSIDE INFORMATION

This announcement is made by Burwill Holdings Limited (the &ldquo Company&rdquo ) pursuant to Rule

13.09 of The Rules Governing the Listing of Securities on The Stock Exchange of Hong

Kong Limited (the &ldquo Listing Rules&rdquo ) and the Inside Information Provisions (as defined under

the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the

Laws of Hong Kong).

The Company is negotiating with an overseas listed company for subscription of its new

shares by way of placement (the &ldquo Transaction&rdquo ).

Further announcement will be made by the Company when there is any new development

with regard to the Transaction.

By Order of the Board

Burwill Holdings Limited

CHAN Shing

Chairman

Hong Kong, 4 October 2017

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04-Oct-2017 12:22

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Looks like AMAL is going raise cash by placement of shares to BurwillHL? IMO.
DYOR and DYODD

Atom99 ( Date: 04-Oct-2017 12:19) Posted:

amlithiumpower ( Date: 04-Oct-2017 12:19) Posted:

http://burwill.todayir.com/attachment/2017100412170100002937747_en.pdf

They are negotiating with overseas company for new placement. OMG could it be AM?

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04-Oct-2017 12:19

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amlithiumpower ( Date: 04-Oct-2017 12:19) Posted:

http://burwill.todayir.com/attachment/2017100412170100002937747_en.pdf

They are negotiating with overseas company for new placement. OMG could it be AM?

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04-Oct-2017 11:36

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Then u DYOR and DYODD

sheerluck ( Date: 04-Oct-2017 11:24) Posted:

Opinion does not need proof but the subject of your opinion need to have some. So is it alright if someone started saying T& S is going to run away with all AMAL cash and discuss excessively on it as if it were true? Based on someone meaning of " opinion" , it is alright.

giantgrouper47 ( Date: 04-Oct-2017 11:14) Posted:

Think positive. Opinions no need proof. It's a gut feeling

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04-Oct-2017 11:02

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So please don' t always ask people to show proof when members here are stating an " opinion" . DoYou understand what an " Opinion" ? I will be insulting members intelligence here if they believe what I hv posted. I am in no duty to show proof to you and l believe you will DYOR nnd DODD.
lf cannot be on the same page...CANNOT CONNECT THEN DISCONNECT.

Alvin2042 ( Date: 04-Oct-2017 10:45) Posted:

If can show u the eggs then will be selling time. Buy on rumors sell on news.

sheerluck ( Date: 04-Oct-2017 10:40) Posted:

I am only after some creditable sources of Burwill interest in AMAL and not on people opinion on somethign that has no basis. Counting chickens before they are hatched? Sorry there aren' teven any eggs in the first place. Show me some eggs first please.

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04-Oct-2017 10:17

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Everyone in SJ are entitled to their own opinions.And I respect that as long as they don' t insult or belittle others.
You want to know whose opinion, please go look at the past posting.

Thank You.

sheerluck ( Date: 04-Oct-2017 10:09) Posted:

I don' t think it will be the R& R report. Normally, AMAL trails behind TAW in all announcements regarding Baldhill even though they are the owners. The last time AMAL halt-> suspension,in the end, they only announced what TAW announced weeks ago.

I cannot rem who started this rumour about Burwill buying into AMAL. Where did it all started? Any announcement or news on these? Even those who are always screaming fundamental also daydream all over it.

I need to see some news or announcements. Where can I find them?

Atom99 ( Date: 04-Oct-2017 08:55) Posted:

IMO. The Resource and Reserve upgrade to be announced this month is more important than AMAL' s TH. If the Resource and Reseve upgrade is lower than market expectation,it would affect the AMAL ' s SP no matter how positive AMAL annoucement is going to make.
DYOR and DYODD.

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04-Oct-2017 09:43

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On Oct 1987,l was in USA 🇺 🇸 when the stock market crashed ...called " black Monday"
Back then, I know nothing about investing in stocks... a long time ago.
Is history going to repeat itself?Hope not.

giantgrouper47 ( Date: 04-Oct-2017 09:37) Posted:

Don' t argue like kids lah. Everyone has own opinion. I also believe that the world will end " soon" . HaHa.

risktaker ( Date: 04-Oct-2017 09:30) Posted:

Lost money so? I do believe market will crash soon..

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04-Oct-2017 08:59

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Maybe the annoucement just pops up during the trading hours.We never know.

luanboo ( Date: 04-Oct-2017 08:45) Posted:

Bros, just ignore the trolls.
They are attention seeking - post controversial statements to gather attention and responses.
The more you response to them, the more high they get.

Just make your money without the need to respond to them.
Hope the announcement comes today and get us out of TH. Lots of catalyst to move the SP, so sayang to be still in TH.

Atom99 ( Date: 04-Oct-2017 08:01) Posted:

Please define " buyers" ?How it" hurt" buyers?
I want to buy but TH.But I don' t loose sleep over it and awaiting on the sideline to buy more

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04-Oct-2017 08:55

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Atom99 ( Date: 04-Oct-2017 08:01) Posted:

Please define " buyers" ?How it" hurt" buyers?
I want to buy but TH.But I don' t loose sleep over it and awaiting on the sideline to buy more.

papayaface ( Date: 04-Oct-2017 06:37) Posted:

Day 2 gone without a squeek. Final count down before the long suspension again. To be fair, this will hurt all with open positions both buyers and sellers, particularly buyers as shortists dont carry overnight positions. Good luck.

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04-Oct-2017 08:01

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Please define " buyers" ?How it" hurt" buyers?
I want to buy but TH.But I don' t loose sleep over it and awaiting on the sideline to buy more.

papayaface ( Date: 04-Oct-2017 06:37) Posted:

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03-Oct-2017 12:36

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So??? you are unlucky becos you have no chance to short AMAL...hahahahahaha.

papayaface ( Date: 03-Oct-2017 12:20) Posted:

By that time, suspend again. Hiak hiak hiak. Good luck

risktaker ( Date: 03-Oct-2017 12:17) Posted:

Sponsor issue...becos sponsor need time to verify its content..so likely need a week or so... resume trading next week

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03-Oct-2017 12:32

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Unless you are a short sellers,you' d worry about TH/SUSP/MS.I am not going to loose sleep over AMAL TH/SUSP/MS if is reqiured by SGX rules.
Notwithstanding the above,I believe positive news is going to be announced...tonight,tomorrow..?

furnaces ( Date: 03-Oct-2017 11:54) Posted:

I will put the chance at less than 10%. A 3rd suspension will literally kill the counter that I rather they don't do a trading halt in the first place.

Positive tonight we shall have the answer.

luanboo ( Date: 03-Oct-2017 11:50) Posted:

TH Day 2. Tick Tock Tick Tock. Going into suspension soon?

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03-Oct-2017 10:53

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Resource and Reserve Upgrade announcement imminent.IMO

furnaces ( Date: 03-Oct-2017 17:00) Posted:

Tawana $0.27 on very heavy volume... wonder how high would it go today.

Maybe some news is out?

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03-Oct-2017 08:04

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Please tell me more abt what u mean by " expect the unexpected" ?

papayaface ( Date: 02-Oct-2017 23:46) Posted:

Expect the unexpected. Haha. Good luck

SgTrader17 ( Date: 02-Oct-2017 23:43) Posted:

If another suspension comes, will you be surprised?

Hm ... ...

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02-Oct-2017 14:34

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luanboo ( Date: 02-Oct-2017 14:00) Posted:

Thanks for taking the time to response. Hopefully it will not go into suspension while Burwill announce the details of the agreement ahead of AMAL. Anyway I'm more than happy to wait till Q1 2018. No hurry to sell. Waiting for the price to reach its full potential. No 50c, no TP.

RedEye1811 ( Date: 02-Oct-2017 12:26) Posted:

There may be other moving parts in this than just AMAL and the sponsors preparing the annoucement. So it may or may not take little longer. Assuming they were negotiating something, then one may need to consider they (a) reached a verbal agreement, (b) then the lawyers iron out/prepare formal documents, (c) then they sign it, and then (d) formal announcement. Between time of verbal agreement till formal announcement one would hope that announcement is being prepared and verified at same time any legal issues ironed out. But with anything legal getting the fine print done can always cause a delay.

We are to privy to the negotiations, what legal documents need to be finalized, documents signed and lodged etc which will go on behind closed doors before we get a formal announcement. Even if announcement is easy to prepare, the legal stuck could cause some slow steps. Just need some patience as we not prixy to all going on. But hopefully from past lessons they do not drag it

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02-Oct-2017 10:16

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Bro
I hv tried the google translation,but it cannot get all the translation meaning right.That is why I didn' t post it.Always error message when I tried to link the website to SJ post here.Don' t know why?
Actually, There a MACD chart which depict a uptrend in SP.DYOR andDYODD.
Note:" 18 oct is a public holiday" and not " 18 public holidays " .Not " Union of Minerals" ... It is " ALLIANCE "
" Melon" here refers to AMAL CEO"

timothylim890 ( Date: 02-Oct-2017 10:00) Posted:

This sounds like a KCNA announcement HAHA made my day thanks.

giantgrouper47 ( Date: 02-Oct-2017 09:57) Posted:

Internet translation. Can you figure out what it is? Haha.
Up to six months of the flag-shaped finishing, and finally broke through on September 27, the Union of minerals will be re-embarked on the realization of the long road, from the figure point of view, the first target will be a breakthrough position plus flag height & mdash & mdash & ndash 50.5 points.
Think of the melon of the bet on the price & mdash & mdash & ndash 50 points, almost no God?
Taking into account the bet price is the average price of seven trading days before October 24, after deducting the 18 public holidays, the war will start on the 12th of this month, the annual drama, not to be missed.
There is a Living Water loan that is a friend of Guagua, through its own private company, loan-free to the alliance of the Union, the amount of up to several million to assist the development of listed companies.
In the case of his own personal debt, he is willing to do so, ask you can get it?
Those who question him, those who call him, your conscience will not hurt it

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02-Oct-2017 09:30

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About AMAL in Chinese language.

长达半年的旗形整理 , 终于在九月二十七日突破了 , 联盟矿产将重新踏上漫漫价值实现之路 , 从图上看 , 第一目标位 , 将是突破位置加旗杆高度 &mdash &mdash &ndash 50.5 分 .

联想到狐瓜的对赌价格 &mdash &mdash &ndash 50 分 , 殆非天意 ?

考虑到对赌价格是十月二十四日之前七个交易日的均价 , 扣除 18 日的公共假期 , 大战将于本月 12 日开始 , 年度大戏 , 不容错过 .

有一笔 Living Water loan 是瓜哥夫妇 , 通过自己的私人公司 , 无息借贷给 alliance mineral 的 , 数额高达数百万 , 以协助上市公司发展 .

在他本人背负有息私人债务的情况下 , 他肯这么作 , 问你能作得到么 ?

那些质疑他的人 , 那些骂他的人 , 你的良心不会疼么 ?

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