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Shortists beware AMAL TH announcement is imminent.

papayaface ( Date: 28-Sep-2017 06:43) Posted:

Alo. I am not obliged to explain to you how shortists operate, Think about it yourself. I can only repeat that shortists dont keep positions open overnight. So every morning is new..I can only says, keep watch today at the 30 level. Good luck

RedEye1811 ( Date: 28-Sep-2017 05:51) Posted:

But you CATEGORICALLY stated repeatedly, and BOASTED so loudly, that longists would be trampled at 25c, that shortists were so powerful and the bulls so weak, that shortists were controlling the SP and had everything under control, and that shortists only had to act in a small quantity to send the SP down from 25c.
So if so POWERFUL, were in CONTROL of the SP, and need only put up SMALL wall to send SP back down, then WHY (a) you claim need to stack up a big wall, and (b) why SP move to 29.5c? Please explain

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AMAL have to do it fast before the 50/50 JV kicks in when TAW completes the spending of another A$12.5M,already spent A$7.5M, on the exploration,Lithium plant and infrastructure for AMAL.
Did I miss anything?

RedEye1811 ( Date: 27-Sep-2017 16:56) Posted:

That my take on it as well @Furnaces. I feel that based on SP action and fact TAW got and announced its 3rd prepayment, that AMAL and Burwill aiming for some closer tie-up.
Good still for all sides. TAW have its outlets as think they got closer links to Canaccord so they can do well via their channels. But let us see how washes out as could be major difference to my speculation.

furnaces ( Date: 27-Sep-2017 14:50) Posted:

Alliance up to $0.29, Tawana down to $0.22.

Based on the price action. I guess Burwill is only loaning the amount to Alliance. I guess should be loan with convertible option to Alliance shares. So Burwill can convert in the future thereby owning part of the lithium upstream. I think Alliance will probably gain something, probably downstream operation?

Tawana should be raising their own money with Canaccord.

My guess only.

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Just give a little juices...13 Oct to 24 Oct 2017.- Keep these dates in your mind.Very very important...!
Monitor AMAL SP.

andychew.eh ( Date: 27-Sep-2017 13:51) Posted:

Wont be 50 cts. Think at most 35 cts. Will double shot at 35 cts.

ahhuat08 ( Date: 27-Sep-2017 13:44) Posted:

Wow,

Without the knowledge of lthe co-relationship between Burwill Hk, tawana of aus and amal, and not mentioning the tussle between Jonathan Lim and existing CEO, and starting to short the counter.

This is really suicidal, imho.

I m on the long side since 245/255, and still holding on to it, i will definitely want this fella to reach the 50 cts level.

No offence to shortists

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Forgive them but don' t forget.

hatetrollers ( Date: 27-Sep-2017 13:34) Posted:

Good job!! you could predict that AMAL SP was heading towards15c (2 weeks back) without knowing anything. Wonder what a wizard you would have been if you knew something.

andychew.eh ( Date: 27-Sep-2017 13:19) Posted:

I just begin to study this stock. Can explain ? What is Burwil AM Tawana links like ? Who AM sell to ?

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But will HL says ..." and for loans to lithium concentrates suppliers" .
So maybe just a loan?No shares dilutions???Just have to wait for AMAL announcement.
DYOR AND DYODD

Atom99 ( Date: 27-Sep-2017 08:18) Posted:

Yeh.That is how I also see it.Some funds for Alliance working capital till Lithium production.

furnaces ( Date: 27-Sep-2017 08:03) Posted:

HKD$90mil is about A$14.4million.

Assuming A$4million is for the 3rd prepayment to Alliance. The rest of the A$10million from Burwill is either loan or share placement to Burwill.

If its share placement, then dilution is less than 10%. And thats about right, they probably need to raise another $10million or so for the opex.

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No lah! 100 percent.

jack2906 ( Date: 27-Sep-2017 08:17) Posted:

dilute 10%
so the stock will drop about 10% too?

furnaces ( Date: 27-Sep-2017 08:03) Posted:

HKD$90mil is about A$14.4million.

Assuming A$4million is for the 3rd prepayment to Alliance. The rest of the A$10million from Burwill is either loan or share placement to Burwill.

If its share placement, then dilution is less than 10%. And thats about right, they probably need to raise another $10million or so for the opex.

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Yeh.That is how I also see it.Some funds for Alliance working capital till Lithium production.

furnaces ( Date: 27-Sep-2017 08:03) Posted:

HKD$90mil is about A$14.4million.

Assuming A$4million is for the 3rd prepayment to Alliance. The rest of the A$10million from Burwill is either loan or share placement to Burwill.

If its share placement, then dilution is less than 10%. And thats about right, they probably need to raise another $10million or so for the opex.

Atom99 ( Date: 27-Sep-2017 07:56) Posted:

Burwill HL

SUPPLEMENTAL ANNOUNCEMENT

Reference is made to the announcement of the Company dated 25 September 2017 (the " Announcement" ) in relation to the issue of the Convertible Bonds under General Mandate. Capitalized terms used in this announcement shall have the same meanings as defined in the Announcement unless otherwise stated.

The Company would like to provide following supplementary information in relation to the Announcement:

(1) The Company would like to clarify that the all adjustment events to the Conversion Price pursuant to the Convertible Bonds have been listed out under the section headed " The Convertible Bonds &ndash Conversion Price" in the Announcement. All the adjustment events are within the Company' s control. The Company will not take corporate actions that would result in the number of Conversion Shares exceeding the limit of the General Mandate, and will adopt appropriate procedures to keep track of the number of Conversion Shares issued and issuable under the terms of the Convertible Bonds.
(2) The estimated net proceeds from the issue of the Convertible Bonds (after deduction of expenses) will be approximately HK$152,230,000 and is intended to be applied for the followings:
1. (i) approximately HK$90,000,000 for up-stream lithium resources business which will be used for prepayment for supplies of lithium concentrates and for loans to lithium concentrates suppliers
2. (ii) approximately HK$30,000,000 for repayment of loan of the Group and
3. (iii) approximately HK$32,230,000 for general working capital.

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Burwill HL

SUPPLEMENTAL ANNOUNCEMENT

Reference is made to the announcement of the Company dated 25 September 2017 (the " Announcement" ) in relation to the issue of the Convertible Bonds under General Mandate. Capitalized terms used in this announcement shall have the same meanings as defined in the Announcement unless otherwise stated.

The Company would like to provide following supplementary information in relation to the Announcement:

(1) The Company would like to clarify that the all adjustment events to the Conversion Price pursuant to the Convertible Bonds have been listed out under the section headed " The Convertible Bonds &ndash Conversion Price" in the Announcement. All the adjustment events are within the Company' s control. The Company will not take corporate actions that would result in the number of Conversion Shares exceeding the limit of the General Mandate, and will adopt appropriate procedures to keep track of the number of Conversion Shares issued and issuable under the terms of the Convertible Bonds.
(2) The estimated net proceeds from the issue of the Convertible Bonds (after deduction of expenses) will be approximately HK$152,230,000 and is intended to be applied for the followings:
1. (i) approximately HK$90,000,000 for up-stream lithium resources business which will be used for prepayment for supplies of lithium concentrates and for loans to lithium concentrates suppliers
2. (ii) approximately HK$30,000,000 for repayment of loan of the Group and
3. (iii) approximately HK$32,230,000 for general working capital.

Atom99 ( Date: 27-Sep-2017 00:21) Posted:

California Considers Following China With Combustion-Engine Car Ban
https://www.bloomberg.com/news/articles/2017-09-26/california-mulls-following-china-with-combustion-engine-car-ban

Dyson to Spend £ 1 Billion Making &lsquo Radical&rsquo Electric Car
https://www.bloomberg.com/news/articles/2017-09-26/dyson-to-spend-1-billion-making-its-own-electric-car

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California Considers Following China With Combustion-Engine Car Ban
https://www.bloomberg.com/news/articles/2017-09-26/california-mulls-following-china-with-combustion-engine-car-ban

Dyson to Spend £ 1 Billion Making &lsquo Radical&rsquo Electric Car
https://www.bloomberg.com/news/articles/2017-09-26/dyson-to-spend-1-billion-making-its-own-electric-car

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All about Lithium News reports

https://thelithiumspot.com/author/thelithiumspot/

s100125 ( Date: 26-Sep-2017 10:15) Posted:

Here is another great news on lithium
http://www.greencarreports.com/news/1112878_china-to-build-many-gigafactories-worth-of-electric-car-battery-plants

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Burwill took a stake in a 50/50 JV with Jiangxi Jiangte Mining Development Co., Ltd.

The JV Company is principally engage in the processing of lithium concentrates and sale of lithium carbonate and lithium hydroxide. Lithium carbonate and lithium hydroxide are

fundamental material for producing lithium battery. The JV Company plans to establish production lines with annual production scale of up to 10,000 tons of lithium carbonate and

5,000 tons of lithium hydroxide and schedules to have trial production in March 2018

timothylim890 ( Date: 26-Sep-2017 08:44) Posted:

Would be interested to know why Burwill chose to issue convertible bonds. Perhaps big expansion plans but cash won't be rolling in for some time? Will Burwill be able to pay for AMA/TAW product once shipping starts? Has it secured buyers for its lithium carbonate product? Does it have the necessary production facilities? Perhaps it's time to take a closer look at Burwill.

Atom99 ( Date: 26-Sep-2017 07:46) Posted:

Part on Burwill HL ANNOUNCEMENT...." HK$156,000,000. The estimated net proceeds from the issue of the Convertible Bonds (after

deduction of expenses) will be approximately HK$152,230,000, which is intended to be applied for general working capital purpose as well as the up-stream lithium resources business.

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Part on Burwill HL ANNOUNCEMENT...." HK$156,000,000. The estimated net proceeds from the issue of the Convertible Bonds (after

deduction of expenses) will be approximately HK$152,230,000, which is intended to be applied for general working capital purpose as well as the up-stream lithium resources business.

luanboo ( Date: 26-Sep-2017 07:35) Posted:

Don't get your hopes too high yet. For all you know, it could be cashflow issue and Burwill is looking for funds to pay the prepayment and getting funds ready for taking shipments. Would be great if they invest into AMAL ut just worried that it turns out differently.

risktaker ( Date: 26-Sep-2017 07:11) Posted:

haitong is huge in china.... i know the guy i charge in sg side... he very steady one... and all the deals he do will see profit one...

Burwill get them in... i think Burwill really have something big going on .

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I believe AMAL will be making an announcement for TH " pending an anouncement" pretty soon.Shortists beware.IMO

Atom99 ( Date: 25-Sep-2017 23:21) Posted:

Hopefully,AMAL would make an announcement by this week...placement of shares to Burwill HL.IMO.

furnaces ( Date: 25-Sep-2017 22:46) Posted:

It is not announced yet, but from the looks of it, it should be. The anouncement specifically mentioned lithium upstream resource, which means lithium producers

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Hopefully,AMAL would make an announcement by this week...placement of shares to Burwill HL.IMO.

furnaces ( Date: 25-Sep-2017 22:46) Posted:

It is not announced yet, but from the looks of it, it should be. The anouncement specifically mentioned lithium upstream resource, which means lithium producers.

timothylim890 ( Date: 25-Sep-2017 22:38) Posted:

Sorry help me out here...Burwill issued US$20m worth of convertible bonds to a Subscriber (not revealed), and will use part of the proceeds to invest in an upstream lithium resources business, which COULD be AMA? Am I getting this right

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Link to singapore site:
http://www.htisec.com/en-us/htifs

Atom99 ( Date: 25-Sep-2017 23:09) Posted:

Subscriber : Haitong Singapore... http://www.htisec.com/en-us/about-us

Atom99 ( Date: 25-Sep-2017 22:59) Posted:

Access the link here to Burwill HL to read the full details of the announcement..
http://www.burwill.com/html/ir_annouce.php

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Subscriber : Haitong Singapore... http://www.htisec.com/en-us/about-us

Atom99 ( Date: 25-Sep-2017 22:59) Posted:

Access the link here to Burwill HL to read the full details of the announcement..
http://www.burwill.com/html/ir_annouce.php

Atom99 ( Date: 25-Sep-2017 22:50) Posted:

One of the AMAL financial report stated...
" The Company is currently evaluating various funding options both equity and debt, to fund the development of the Bald Hill Project, exploration expenditure and corporate costs..."
My guess is AMAL may place 40 - 50 millions shares,appro. 10 percent of the company' s shares, to Burwill HL.

Addtional Info on Burwill ISSUE OF CONVERTIBLE BONDS

Parties

(i) Issuer : the Company - refering to Burwill HL

(ii) Subscriber : Haitong Singapore

(iii) Guarantors : Mr. Chan, Favor King and Glory Add

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Access the link here to Burwill HL to read the full details of the announcement..
http://www.burwill.com/html/ir_annouce.php

Atom99 ( Date: 25-Sep-2017 22:50) Posted:

One of the AMAL financial report stated...
" The Company is currently evaluating various funding options both equity and debt, to fund the development of the Bald Hill Project, exploration expenditure and corporate costs..."
My guess is AMAL may place 40 - 50 millions shares,appro. 10 percent of the company' s shares, to Burwill HL.

Addtional Info on Burwill ISSUE OF CONVERTIBLE BONDS

Parties

(i) Issuer : the Company - refering to Burwill HL

(ii) Subscriber : Haitong Singapore

(iii) Guarantors : Mr. Chan, Favor King and Glory Add

furnaces ( Date: 25-Sep-2017 22:31) Posted:

That is it! Raising funds for upstream Lithium resource business. Just wonder what would the percentage be and at what price

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One of the AMAL financial report stated...
" The Company is currently evaluating various funding options both equity and debt, to fund the development of the Bald Hill Project, exploration expenditure and corporate costs..."
My guess is AMAL may place 40 - 50 millions shares,appro. 10 percent of the company' s shares, to Burwill HL.

Addtional Info on Burwill ISSUE OF CONVERTIBLE BONDS

Parties

(i) Issuer : the Company - refering to Burwill HL

(ii) Subscriber : Haitong Singapore

(iii) Guarantors : Mr. Chan, Favor King and Glory Add

furnaces ( Date: 25-Sep-2017 22:31) Posted:

That is it! Raising funds for upstream Lithium resource business. Just wonder what would the percentage be and at what price?

Atom99 ( Date: 25-Sep-2017 22:24) Posted:

Burwill HL announcement 25 SEP 17

http://www.burwill.com/html/ir_annouce.php

ISSUE OF CONVERTIBLE BONDS

UNDER GENERAL MANDATE

ISSUE OF CONVERTIBLE BONDS TO HK$1,300 MILLION

The Board is pleased to announce that on 25 September 2017 (after trading hours), the Company

entered into the Subscription Agreement with the Subscriber in relation to the issue of Convertible

Bonds in the aggregate principal amount of not more than US$20,000,000.

Upon full conversion of the Convertible Bonds at the Conversion Price of HK$0.26 per Conversion

Share (subject to adjustments), a total of 603,846,000 Conversion Shares will be issued,

representing approximately 12.16% of the existing issued share capital of the Company and

approximately 10.85% of the issued share capital of the Company as enlarged by the issue of the

Conversion Shares. The Conversion Shares will be allotted and issued pursuant to the General

Mandate.

The gross proceeds from the issue of the Convertible Bonds will be approximately

HK$156,000,000. The estimated net proceeds from the issue of the Convertible Bonds (after

deduction of expenses) will be approximately HK$152,230,000, which is intended to be applied for

general working capital purpose as well as the up-stream lithium resources business. Based on the

Conversion Price of HK$0.26 per Conversion Share (subject to adjustments), the estimated net

proceeds to be raised per Conversion Share will be approximately HK$0.252.

The Subscription Agreement and the issue of Conversion Shares under the General Mandate are not

subject to Shareholders&rsquo approval. No application will be made for the listing of, or permission to

deal in, the Convertible Bonds on the Stock Exchange or any other stock exchange. Application

will be made by the Company to the Stock Exchange for the listing of, and permission to deal in,

the Conversion Shares.

Since the Subscription is subject to the conditions set out in the Subscription Agreement, the

Subscription may or may not proceed. Shareholders and potential investors are advised to

exercise caution when dealing in the Shares.

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Burwill HL announcement 25 SEP 17

http://www.burwill.com/html/ir_annouce.php

ISSUE OF CONVERTIBLE BONDS

UNDER GENERAL MANDATE

ISSUE OF CONVERTIBLE BONDS TO HK$1,300 MILLION

The Board is pleased to announce that on 25 September 2017 (after trading hours), the Company

entered into the Subscription Agreement with the Subscriber in relation to the issue of Convertible

Bonds in the aggregate principal amount of not more than US$20,000,000.

Upon full conversion of the Convertible Bonds at the Conversion Price of HK$0.26 per Conversion

Share (subject to adjustments), a total of 603,846,000 Conversion Shares will be issued,

representing approximately 12.16% of the existing issued share capital of the Company and

approximately 10.85% of the issued share capital of the Company as enlarged by the issue of the

Conversion Shares. The Conversion Shares will be allotted and issued pursuant to the General

Mandate.

The gross proceeds from the issue of the Convertible Bonds will be approximately

HK$156,000,000. The estimated net proceeds from the issue of the Convertible Bonds (after

deduction of expenses) will be approximately HK$152,230,000, which is intended to be applied for

general working capital purpose as well as the up-stream lithium resources business. Based on the

Conversion Price of HK$0.26 per Conversion Share (subject to adjustments), the estimated net

proceeds to be raised per Conversion Share will be approximately HK$0.252.

The Subscription Agreement and the issue of Conversion Shares under the General Mandate are not

subject to Shareholders&rsquo approval. No application will be made for the listing of, or permission to

deal in, the Convertible Bonds on the Stock Exchange or any other stock exchange. Application

will be made by the Company to the Stock Exchange for the listing of, and permission to deal in,

the Conversion Shares.

Since the Subscription is subject to the conditions set out in the Subscription Agreement, the

Subscription may or may not proceed. Shareholders and potential investors are advised to

exercise caution when dealing in the Shares.

Atom99 ( Date: 25-Sep-2017 22:11) Posted:

Highly probable that Burwill may invest in Alliance by way of placement from AMAL' s shares.And AMAL may use the final offtake

third payment of A$4,375,000,from Burwill to take a stake in Burwill' s 50/50 JV with Jiangxi Jiangte Mining Development Co., Ltd.

The JV Company is principally engage in the processing of lithium concentrates and sale of lithium carbonate and lithium hydroxide. Lithium carbonate and lithium hydroxide are

fundamental material for producing lithium battery. The JV Company plans to establish production lines with annual production scale of up to 10,000 tons of lithium carbonate and

5,000 tons of lithium hydroxide and schedules to have trial production in March 2018

furnaces ( Date: 25-Sep-2017 20:59) Posted:

My guess is Burwill will invest in Alliance (going upstream). But Burwill may have to raise some cash to do the investment. In exchange for the share investment, Alliance will probably gain something ( venturing downstream?)