x 0

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?).

Atom99 ( Date: 25-Sep-2017 13:53) Posted:

Something is " brewing" in Burrwill HL, its SP now at $0.29. Anything to do with the on-going discussion with AMAL

x 0

ALLIANCE MINERAL ASSETS: " Why I' m bullish on it"

http://www.sharejunction.com/sharejunction/investorInsights.htm

Atom99 ( Date: 25-Sep-2017 13:53) Posted:

Something is " brewing" in Burrwill HL, its SP now at $0.29. Anything to do with the on-going discussion with AMAL?

Atom99 ( Date: 25-Sep-2017 12:45) Posted:

Why now might be a good time to buy ASX lithium producers?

by Tess Ingram

Pun-laden headlines about the " super-charged" lithium sector would have you believe Australian lithium stocks have been on a tear.

That was certainly the story in 2016, when many of the local miners and hopefuls recorded triple-digit share price gains. But so far this year, the spark has been missing.

While global lithium players have surged, Australian lithium producers have been relatively stagnant.

Of the three key Australian lithium companies in production, Mineral Resources is the best performing, up about 25 per cent since the beginning of January (and it is important to note the Chris Ellison-led company also has a significant mining services business and iron ore mines).

Argentinian-focused Orocobre' s share price has returned to its January base, after dropping nearly 40 per cent in March, while West Australian-focused Galaxy Resources has lost about 9 per cent.

The share prices are still strong compared to where they were 18 months ago, but considering these companies have kicked off and de-risked projects during a period when lithium prices increased about 30 per cent, they should arguably have performed much stronger.

The same holds true for a number of the lithium hopefuls developing the next phase of Australian production &ndash investors shrugged as strong sales agreements were inked or construction milestones reached.

The performance is especially jarring when compared to the rally global lithium producers have enjoyed in step with the rising prices and a string of positive demand indicators for the metal, which is used in the lithium-ion batteries that power electric vehicles and energy storage systems.

Of the five major global lithium producers, US-listed Albemarle, FMC and SQM are up between 50 and 100 per cent while Chinese-listed Tianqi Lithium and Jiangxi Ganfeng Lithium are up more than 100 and 200 per cent respectively.

One portfolio manager told Due Diligence he and his team had been " pulling our hair out" .

" We were sure we were right but then not many of our lithium stocks were doing what we thought they should be doing," he said.

So why are Australia' s lithium miners the global laggards?

Investors, analysts and company executives say there are a few dynamics behind the unusual disconnect.

Scale, shorts and sentiment

For one, the global lithium producers are all much bigger than the Australian players.

Albemarle, FMC, SQM and Tianqi all have market values in excess of $US10 billion, with Ganfeng at about $US9.5 billion.

By comparison, Orocobre, Galaxy and MinRes have market caps of $920 million, $1 billion and $2.9 billion respectively. Pilbara Minerals is the largest developer with a value of $830 million.

The Australian miners are only just making ground in an industry that has long been an oligopoly. They are competing against large, well-established producers that have the scale and liquidity to attract significant institutional or index-focused investors.

But this may be beginning to change, with the likes of BlackRock and The Vanguard Group dipping their toes in Down Under. BlackRock is now Galaxy' s biggest shareholder with about $70 million worth of stock. Pilbara isn' t in production yet and already both funds feature in its top 10 shareholders.

Then there' s the fact the global producers produce a more refined lithium product.

The Australian producers, except for Orocobre, produce a concentrate from spodumene, a lithium-bearing mineral.

The concentrate is then converted into end-use battery chemicals, including lithium hydroxide and lithium carbonate.

Orocobre and the global producers produce lithium chemicals.

Given the significant short positions in the Australian stocks, another theory is that some US hedge funds have taken long positions in the larger US stocks and short positions in Australian producers. About 16 per cent of Orocobre' s shares are held short and about 10 per cent of Galaxy' s.

And lastly, it could come down to how Australian investors think.

Our strong tradition in resources may be doing us a disservice in this instance, numerous sources suggested to Due Diligence.

" The same argument some Australian investors have made about the near-term uncertainty around supply and demand can be made for Albemarle, SQM and FMC and yet their share prices have gone up," Canaccord Genuity analyst Reg Spencer says.

" And that tells me the investors in those markets are thinking about this in a much longer term fashion than the resource-focused guys here, who are thinking more cyclically."

Buying the disjoint

But not everyone is thinking that way. Tribeca Investment Partners portfolio manager Ben Cleary says the disjoint has created opportunities.

" More than half our portfolio is in North America &ndash as we are global investors &ndash but all of our lithium exposure is via Australian listed stocks because they represent far better value on most metrics but particularly on an enterprise value [EV] to production tonnes basis," Cleary says.

Tribeca' s analysis pegs MinRes' s 2018 EV to production tonnes at $US50 a tonne, with Galaxy at $US38 a tonne and Orocobre at $US49 a tonne. By comparison the global producers are on a much higher " premium" &ndash SQM at $US338 a tonne, Ganfeng at $US565 a tonne and FMC at the top of the bunch at $US779 a tonne.

" We see this dislocation between Australian and international peer valuations as short term and believe it' s a great opportunity from the long side," Cleary says.

There are of course many that would disagree and argue the Australians' valuations reflect the risks the companies face entering a market dominated by powerful majors that could ramp-up supply and alongside tens of other new entrants racing to bring on new projects.

Plenty think the rapid price acceleration has echoes of previous mineral sands and uranium price booms which rapidly collapsed, burning investors.

There' s no doubt plenty of the ASX-listed lithium aspirants' projects won' t ever see the light of day. Terra Capital' s Matthew Langsford said it is all about identifying " those very low on the cost curve or in production soon &ndash that' s going to be a good place to make money" .

But for Cleary, and others, the long term draw card is the one that has grabbed headlines &ndash the super-charged demand growth.

The Chinese demand case

Battery costs are continuing to decline, traditional carmakers like Volkswagen and Mercedes-Benz are accelerating their EV strategies and regulators across the world are pushing for a transition to electric cars.

In July, the United Kingdom and France advised they would ban the sale of petrol and diesel engine vehicles by 2040. China followed suit earlier this month with a commitment to switch all car sales to electric vehicles, but without setting a firm date.

This would be a significant driver given China is the world' s largest auto market. In terms of electric vehicle sales, China' s BYD is bigger than Tesla.

China' s major cities are some of the most polluted in the world and the government wants 5 million EVs on the road by 2020 as part of its plan to clean up.

As China' s strategy evolves, it has wound back subsidies for electric vehicles. But a range of disincentives forced on consumers that continue to opt for petrol and diesel cars continues to drive sales of EVs.

The confidence in a positive outlook is reinforced by the slow response from the supply side - mines are not being built as quickly as battery manufacturing capacity is being brought online.

This dynamic has been exacerbated by lithium miners' difficulty securing traditional bank finance. Miners have said the metal' s lack of price visibility and hedging made banks skittish.

And it' s not just lithium - last week Syrah Resources, which is developing the world' s largest graphite deposit, ended months of debt talks with an equity raising after not securing a facility on terms it was comfortable with.

" The capital being deployed into the sector is still not in tempo with the rate at which supply needs to grow just in order to meet demand, let alone exceed it," Galaxy Resources managing director Anthony Tse says.

" And looking at the customs data we have seen lithium prices go up very healthy double digits since the end of last year. But at the same time you have a noticeable increase of raw materials into China &ndash mainly spodumene and some lithium carbonate and chloride - based on our calculations for the first seven months of the year that' s already up almost one-fold.

" You are looking at a one-fold increase in raw materials and the price has still gone up double digits and that tells you something about the demand side of the equation. So even we as industry insiders are still trying to get our heads around it but the general feeling is we have all underestimated demand levels."

It seems the ASX lithium stocks have some catching up to do.

x 0

Something is " brewing" in Burrwill HL, its SP now at $0.29. Anything to do with the on-going discussion with AMAL?

Atom99 ( Date: 25-Sep-2017 12:45) Posted:

Why now might be a good time to buy ASX lithium producers?

by Tess Ingram

Pun-laden headlines about the " super-charged" lithium sector would have you believe Australian lithium stocks have been on a tear.

That was certainly the story in 2016, when many of the local miners and hopefuls recorded triple-digit share price gains. But so far this year, the spark has been missing.

While global lithium players have surged, Australian lithium producers have been relatively stagnant.

Of the three key Australian lithium companies in production, Mineral Resources is the best performing, up about 25 per cent since the beginning of January (and it is important to note the Chris Ellison-led company also has a significant mining services business and iron ore mines).

Argentinian-focused Orocobre' s share price has returned to its January base, after dropping nearly 40 per cent in March, while West Australian-focused Galaxy Resources has lost about 9 per cent.

The share prices are still strong compared to where they were 18 months ago, but considering these companies have kicked off and de-risked projects during a period when lithium prices increased about 30 per cent, they should arguably have performed much stronger.

The same holds true for a number of the lithium hopefuls developing the next phase of Australian production &ndash investors shrugged as strong sales agreements were inked or construction milestones reached.

The performance is especially jarring when compared to the rally global lithium producers have enjoyed in step with the rising prices and a string of positive demand indicators for the metal, which is used in the lithium-ion batteries that power electric vehicles and energy storage systems.

Of the five major global lithium producers, US-listed Albemarle, FMC and SQM are up between 50 and 100 per cent while Chinese-listed Tianqi Lithium and Jiangxi Ganfeng Lithium are up more than 100 and 200 per cent respectively.

One portfolio manager told Due Diligence he and his team had been " pulling our hair out" .

" We were sure we were right but then not many of our lithium stocks were doing what we thought they should be doing," he said.

So why are Australia' s lithium miners the global laggards?

Investors, analysts and company executives say there are a few dynamics behind the unusual disconnect.

Scale, shorts and sentiment

For one, the global lithium producers are all much bigger than the Australian players.

Albemarle, FMC, SQM and Tianqi all have market values in excess of $US10 billion, with Ganfeng at about $US9.5 billion.

By comparison, Orocobre, Galaxy and MinRes have market caps of $920 million, $1 billion and $2.9 billion respectively. Pilbara Minerals is the largest developer with a value of $830 million.

The Australian miners are only just making ground in an industry that has long been an oligopoly. They are competing against large, well-established producers that have the scale and liquidity to attract significant institutional or index-focused investors.

But this may be beginning to change, with the likes of BlackRock and The Vanguard Group dipping their toes in Down Under. BlackRock is now Galaxy' s biggest shareholder with about $70 million worth of stock. Pilbara isn' t in production yet and already both funds feature in its top 10 shareholders.

Then there' s the fact the global producers produce a more refined lithium product.

The Australian producers, except for Orocobre, produce a concentrate from spodumene, a lithium-bearing mineral.

The concentrate is then converted into end-use battery chemicals, including lithium hydroxide and lithium carbonate.

Orocobre and the global producers produce lithium chemicals.

Given the significant short positions in the Australian stocks, another theory is that some US hedge funds have taken long positions in the larger US stocks and short positions in Australian producers. About 16 per cent of Orocobre' s shares are held short and about 10 per cent of Galaxy' s.

And lastly, it could come down to how Australian investors think.

Our strong tradition in resources may be doing us a disservice in this instance, numerous sources suggested to Due Diligence.

" The same argument some Australian investors have made about the near-term uncertainty around supply and demand can be made for Albemarle, SQM and FMC and yet their share prices have gone up," Canaccord Genuity analyst Reg Spencer says.

" And that tells me the investors in those markets are thinking about this in a much longer term fashion than the resource-focused guys here, who are thinking more cyclically."

Buying the disjoint

But not everyone is thinking that way. Tribeca Investment Partners portfolio manager Ben Cleary says the disjoint has created opportunities.

" More than half our portfolio is in North America &ndash as we are global investors &ndash but all of our lithium exposure is via Australian listed stocks because they represent far better value on most metrics but particularly on an enterprise value [EV] to production tonnes basis," Cleary says.

Tribeca' s analysis pegs MinRes' s 2018 EV to production tonnes at $US50 a tonne, with Galaxy at $US38 a tonne and Orocobre at $US49 a tonne. By comparison the global producers are on a much higher " premium" &ndash SQM at $US338 a tonne, Ganfeng at $US565 a tonne and FMC at the top of the bunch at $US779 a tonne.

" We see this dislocation between Australian and international peer valuations as short term and believe it' s a great opportunity from the long side," Cleary says.

There are of course many that would disagree and argue the Australians' valuations reflect the risks the companies face entering a market dominated by powerful majors that could ramp-up supply and alongside tens of other new entrants racing to bring on new projects.

Plenty think the rapid price acceleration has echoes of previous mineral sands and uranium price booms which rapidly collapsed, burning investors.

There' s no doubt plenty of the ASX-listed lithium aspirants' projects won' t ever see the light of day. Terra Capital' s Matthew Langsford said it is all about identifying " those very low on the cost curve or in production soon &ndash that' s going to be a good place to make money" .

But for Cleary, and others, the long term draw card is the one that has grabbed headlines &ndash the super-charged demand growth.

The Chinese demand case

Battery costs are continuing to decline, traditional carmakers like Volkswagen and Mercedes-Benz are accelerating their EV strategies and regulators across the world are pushing for a transition to electric cars.

In July, the United Kingdom and France advised they would ban the sale of petrol and diesel engine vehicles by 2040. China followed suit earlier this month with a commitment to switch all car sales to electric vehicles, but without setting a firm date.

This would be a significant driver given China is the world' s largest auto market. In terms of electric vehicle sales, China' s BYD is bigger than Tesla.

China' s major cities are some of the most polluted in the world and the government wants 5 million EVs on the road by 2020 as part of its plan to clean up.

As China' s strategy evolves, it has wound back subsidies for electric vehicles. But a range of disincentives forced on consumers that continue to opt for petrol and diesel cars continues to drive sales of EVs.

The confidence in a positive outlook is reinforced by the slow response from the supply side - mines are not being built as quickly as battery manufacturing capacity is being brought online.

This dynamic has been exacerbated by lithium miners' difficulty securing traditional bank finance. Miners have said the metal' s lack of price visibility and hedging made banks skittish.

And it' s not just lithium - last week Syrah Resources, which is developing the world' s largest graphite deposit, ended months of debt talks with an equity raising after not securing a facility on terms it was comfortable with.

" The capital being deployed into the sector is still not in tempo with the rate at which supply needs to grow just in order to meet demand, let alone exceed it," Galaxy Resources managing director Anthony Tse says.

" And looking at the customs data we have seen lithium prices go up very healthy double digits since the end of last year. But at the same time you have a noticeable increase of raw materials into China &ndash mainly spodumene and some lithium carbonate and chloride - based on our calculations for the first seven months of the year that' s already up almost one-fold.

" You are looking at a one-fold increase in raw materials and the price has still gone up double digits and that tells you something about the demand side of the equation. So even we as industry insiders are still trying to get our heads around it but the general feeling is we have all underestimated demand levels."

It seems the ASX lithium stocks have some catching up to do.

Atom99 ( Date: 25-Sep-2017 10:33) Posted:

Burwill HL SP has moved up $0.03 to $0.285.

x 0

Why now might be a good time to buy ASX lithium producers?

by Tess Ingram

Pun-laden headlines about the " super-charged" lithium sector would have you believe Australian lithium stocks have been on a tear.

That was certainly the story in 2016, when many of the local miners and hopefuls recorded triple-digit share price gains. But so far this year, the spark has been missing.

While global lithium players have surged, Australian lithium producers have been relatively stagnant.

Of the three key Australian lithium companies in production, Mineral Resources is the best performing, up about 25 per cent since the beginning of January (and it is important to note the Chris Ellison-led company also has a significant mining services business and iron ore mines).

Argentinian-focused Orocobre' s share price has returned to its January base, after dropping nearly 40 per cent in March, while West Australian-focused Galaxy Resources has lost about 9 per cent.

The share prices are still strong compared to where they were 18 months ago, but considering these companies have kicked off and de-risked projects during a period when lithium prices increased about 30 per cent, they should arguably have performed much stronger.

The same holds true for a number of the lithium hopefuls developing the next phase of Australian production &ndash investors shrugged as strong sales agreements were inked or construction milestones reached.

The performance is especially jarring when compared to the rally global lithium producers have enjoyed in step with the rising prices and a string of positive demand indicators for the metal, which is used in the lithium-ion batteries that power electric vehicles and energy storage systems.

Of the five major global lithium producers, US-listed Albemarle, FMC and SQM are up between 50 and 100 per cent while Chinese-listed Tianqi Lithium and Jiangxi Ganfeng Lithium are up more than 100 and 200 per cent respectively.

One portfolio manager told Due Diligence he and his team had been " pulling our hair out" .

" We were sure we were right but then not many of our lithium stocks were doing what we thought they should be doing," he said.

So why are Australia' s lithium miners the global laggards?

Investors, analysts and company executives say there are a few dynamics behind the unusual disconnect.

Scale, shorts and sentiment

For one, the global lithium producers are all much bigger than the Australian players.

Albemarle, FMC, SQM and Tianqi all have market values in excess of $US10 billion, with Ganfeng at about $US9.5 billion.

By comparison, Orocobre, Galaxy and MinRes have market caps of $920 million, $1 billion and $2.9 billion respectively. Pilbara Minerals is the largest developer with a value of $830 million.

The Australian miners are only just making ground in an industry that has long been an oligopoly. They are competing against large, well-established producers that have the scale and liquidity to attract significant institutional or index-focused investors.

But this may be beginning to change, with the likes of BlackRock and The Vanguard Group dipping their toes in Down Under. BlackRock is now Galaxy' s biggest shareholder with about $70 million worth of stock. Pilbara isn' t in production yet and already both funds feature in its top 10 shareholders.

Then there' s the fact the global producers produce a more refined lithium product.

The Australian producers, except for Orocobre, produce a concentrate from spodumene, a lithium-bearing mineral.

The concentrate is then converted into end-use battery chemicals, including lithium hydroxide and lithium carbonate.

Orocobre and the global producers produce lithium chemicals.

Given the significant short positions in the Australian stocks, another theory is that some US hedge funds have taken long positions in the larger US stocks and short positions in Australian producers. About 16 per cent of Orocobre' s shares are held short and about 10 per cent of Galaxy' s.

And lastly, it could come down to how Australian investors think.

Our strong tradition in resources may be doing us a disservice in this instance, numerous sources suggested to Due Diligence.

" The same argument some Australian investors have made about the near-term uncertainty around supply and demand can be made for Albemarle, SQM and FMC and yet their share prices have gone up," Canaccord Genuity analyst Reg Spencer says.

" And that tells me the investors in those markets are thinking about this in a much longer term fashion than the resource-focused guys here, who are thinking more cyclically."

Buying the disjoint

But not everyone is thinking that way. Tribeca Investment Partners portfolio manager Ben Cleary says the disjoint has created opportunities.

" More than half our portfolio is in North America &ndash as we are global investors &ndash but all of our lithium exposure is via Australian listed stocks because they represent far better value on most metrics but particularly on an enterprise value [EV] to production tonnes basis," Cleary says.

Tribeca' s analysis pegs MinRes' s 2018 EV to production tonnes at $US50 a tonne, with Galaxy at $US38 a tonne and Orocobre at $US49 a tonne. By comparison the global producers are on a much higher " premium" &ndash SQM at $US338 a tonne, Ganfeng at $US565 a tonne and FMC at the top of the bunch at $US779 a tonne.

" We see this dislocation between Australian and international peer valuations as short term and believe it' s a great opportunity from the long side," Cleary says.

There are of course many that would disagree and argue the Australians' valuations reflect the risks the companies face entering a market dominated by powerful majors that could ramp-up supply and alongside tens of other new entrants racing to bring on new projects.

Plenty think the rapid price acceleration has echoes of previous mineral sands and uranium price booms which rapidly collapsed, burning investors.

There' s no doubt plenty of the ASX-listed lithium aspirants' projects won' t ever see the light of day. Terra Capital' s Matthew Langsford said it is all about identifying " those very low on the cost curve or in production soon &ndash that' s going to be a good place to make money" .

But for Cleary, and others, the long term draw card is the one that has grabbed headlines &ndash the super-charged demand growth.

The Chinese demand case

Battery costs are continuing to decline, traditional carmakers like Volkswagen and Mercedes-Benz are accelerating their EV strategies and regulators across the world are pushing for a transition to electric cars.

In July, the United Kingdom and France advised they would ban the sale of petrol and diesel engine vehicles by 2040. China followed suit earlier this month with a commitment to switch all car sales to electric vehicles, but without setting a firm date.

This would be a significant driver given China is the world' s largest auto market. In terms of electric vehicle sales, China' s BYD is bigger than Tesla.

China' s major cities are some of the most polluted in the world and the government wants 5 million EVs on the road by 2020 as part of its plan to clean up.

As China' s strategy evolves, it has wound back subsidies for electric vehicles. But a range of disincentives forced on consumers that continue to opt for petrol and diesel cars continues to drive sales of EVs.

The confidence in a positive outlook is reinforced by the slow response from the supply side - mines are not being built as quickly as battery manufacturing capacity is being brought online.

This dynamic has been exacerbated by lithium miners' difficulty securing traditional bank finance. Miners have said the metal' s lack of price visibility and hedging made banks skittish.

And it' s not just lithium - last week Syrah Resources, which is developing the world' s largest graphite deposit, ended months of debt talks with an equity raising after not securing a facility on terms it was comfortable with.

" The capital being deployed into the sector is still not in tempo with the rate at which supply needs to grow just in order to meet demand, let alone exceed it," Galaxy Resources managing director Anthony Tse says.

" And looking at the customs data we have seen lithium prices go up very healthy double digits since the end of last year. But at the same time you have a noticeable increase of raw materials into China &ndash mainly spodumene and some lithium carbonate and chloride - based on our calculations for the first seven months of the year that' s already up almost one-fold.

" You are looking at a one-fold increase in raw materials and the price has still gone up double digits and that tells you something about the demand side of the equation. So even we as industry insiders are still trying to get our heads around it but the general feeling is we have all underestimated demand levels."

It seems the ASX lithium stocks have some catching up to do.

Atom99 ( Date: 25-Sep-2017 10:33) Posted:

Burwill HL SP has moved up $0.03 to $0.285.

x 0

Burwill HL SP has moved up $0.03 to $0.285.

x 0

Maybe M& A of AMAL @$0.50 per share.

luanboo ( Date: 23-Sep-2017 19:38) Posted:

http://burwill.todayir.com/attachment/2017092220020200002927788_en.pdf Is Burwill going to invest in AMAL? Hope so.

furnaces ( Date: 23-Sep-2017 15:32) Posted:

Yes, it's chairman Chan Shing has very wide connections. Money is never an issue

x 0

I am not worry whether Burwill HL can pay or cannot pay.IMO

bernardc ( Date: 23-Sep-2017 13:26) Posted:

only if burwill raise money to buy ama shares....that will be good..
if burwill raise money to pay ama..thats need to do a rethink

Alvin2042 ( Date: 23-Sep-2017 13:23) Posted:

Tawana already received their share. It is Amal n burwill up to something

x 0

Has it got anythings to do with the on-going discussion with AMAL? I am just wondering...

Burwill Holdings Limited came out the following announcement on their company website...
http://www.burwill.com/html/index.php

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 independent third parties in respect of the Company&rsquo s

shares issuance (including but not limited to issue of bonds, convertible bonds) (the

&ldquo Transaction&rdquo ).

Further announcement will be made by the Company, if there is any development with regard

to the Transaction.

By Order of the Board

Burwill Holdings Limited

KWOK Wai Lam

Director

Hong Kong,

x 0

Quickly go over ISR. ISR's mine project in Madagascar are
reportedly worth 48millions from previous report of1 billions.

bernardc ( Date: 23-Sep-2017 08:42) Posted:

interest will be moving to ISR..report out..

x 0

Agreed.we are bullish.

papayaface ( Date: 23-Sep-2017 07:36) Posted:

Also so many bulls in this forum and ask each to put down few thousand dollars to buy up few thousand shares. Otherwise these bulls are just engage in useless talk, hot air and waste people' s time. Good luck

papayaface ( Date: 23-Sep-2017 07:32) Posted:

Alamak you poor thing, talking to yourself whole night. May i suggest then that you gather all your bull uncles and aunties and push the price up to 60. That way you can also punish the shortists. Hiak hiak hiak. Good luc

x 1

x 0

I am not going to lose sleep over TJ and JL loan issues.I will lose sleep only if all is not well with AMAL' s Lithium mineral resource upgrade and progress to maiden Lithium concentrate production and delivery in 1st QTR 2018.IMO

sheerluck ( Date: 22-Sep-2017 19:14) Posted:

Indeed the " official" status of that loan should be " personal loan" after Feb 2012. But initially Tjandra said that JL apporached Tjandra to claim his share of AMAL is an opportunitics move. So how can JL even approach Tjandra to claim anything on AMAL since in 2012 that loan is already a personal loan to Tjandra? The revelation of JL' s loan to Tjandra is personal came only after those July The Edge articles.

And the series of revelaton of events starting from the Apr 2017 agreement is one of the strangest I have seen. Tjandra transferred LWMA' s 46.1 mill shares (priced at 32cts then) to JL which is not to repay the loan. Tjandra claimed so that can close the case amicably but why the need to do so? Those shares at that time is worrth $14mil, more than enough to repay JL' s A$7mil loan. Worse, Tjandra agreed to condition that he has no control. agreeing to pay the difference between 50cts and VWAP of the price 7 days proir to 24 Oct if 50cts is no reached by then. So it ends up JL is guaranteed $23mil for nothing becos those are not even to repay that A$7mil.

These two are hidding something from the public. It may be between them but that 46.1 shares transfer tagged with insane agreed minimum 50cts price condition which is not even for repaying that A$7mil loan is highly questionable.

Atom99 ( Date: 22-Sep-2017 17:11) Posted:

As per 14 Aug 2017 announcement...
JL gave TJ ... "me was a personal unsecured loan. As such, the loan did not involve Mdm Suen and/or LWMA. The legal advice that the advances are a personal unsecured loan from Grande Pacific Limited/Jonathan Lim to me is further supported by a handwritten document by Jonathan Lim to his solicitor, Mr Allan Tan on 2 February 2012, whereupon Jonathan Lim confirmed the personal unsecured loan between Grande Pacific Limited/Jonathan Lim and me.
So it between TJ and JL.Does NOT involve AMAL.But then TJ's shares in AMAL was sized ... becos he didn't pay 💰 JL
as promised.
Did I miss anything

x 0

Maybe TJ is having a discussion to do a sweetheart deal with Burwill by offering some of his shares.

Atom99 ( Date: 22-Sep-2017 17:11) Posted:

As per 14 Aug 2017 announcement...
JL gave TJ ... "me was a personal unsecured loan. As such, the loan did not involve Mdm Suen and/or LWMA. The legal advice that the advances are a personal unsecured loan from Grande Pacific Limited/Jonathan Lim to me is further supported by a handwritten document by Jonathan Lim to his solicitor, Mr Allan Tan on 2 February 2012, whereupon Jonathan Lim confirmed the personal unsecured loan between Grande Pacific Limited/Jonathan Lim and me.
So it between TJ and JL.Does NOT involve AMAL.But then TJ's shares in AMAL was sized ... becos he didn't pay 💰 JL
as promised.
Did I miss anything?

sheerluck ( Date: 22-Sep-2017 13:08) Posted:

I am still bewildered by Tjandra inconsistent story telling. On one hand, he gave the strong impression that JL or Grande has no claim or whatsover on LWMA' s assets over his A$7mil loan. Read the company and his announcement ons 02 Aug and 14 Aug.

Then on the other hand, in those The Edge articles, he did the followings:
1. Transfers 46.1mil shares to JL to close the case amicably which did not happen. This is no even anything to settle that A$7mil for the 50:50 JV..
2. Said he was forced to convert that A$7mil in a loan with 24% interest. He said he was " forced" ???
3. Agreed to some crazy terms of guaranteeing JL minimum 50cts per piece for his or Grande holding?
So from what it seems, there are no ways JL can have any legal claim over LWMA assets except to get back his A$7mil loan + expense + interest but somehow he can force Tjandra to give him whatever he wants. Note the key word here is " force" .

Tjandra did mentioned that he is ready to pay and has approached JL/Grande but was refused. His statement was this " I wish to clarify that the Rejected Payment Offer contained certain terms that were not acceptable to Grande Pacific Limited." So Tjandra set out some conditions in the payment and JL/Grande refused them. Now what are those terms? Those are now critical becos in theory, if JL/Grande have accepted that repayemnt, the whole saga should have ended.

There is more that meets the eyes and Tjandra is not telling the whole truth yet.

x 0

As per 14 Aug 2017 announcement...
JL gave TJ ... "me was a personal unsecured loan. As such, the loan did not involve Mdm Suen and/or LWMA. The legal advice that the advances are a personal unsecured loan from Grande Pacific Limited/Jonathan Lim to me is further supported by a handwritten document by Jonathan Lim to his solicitor, Mr Allan Tan on 2 February 2012, whereupon Jonathan Lim confirmed the personal unsecured loan between Grande Pacific Limited/Jonathan Lim and me.
So it between TJ and JL.Does NOT involve AMAL.But then TJ's shares in AMAL was sized ... becos he didn't pay 💰 JL
as promised.
Did I miss anything?

sheerluck ( Date: 22-Sep-2017 13:08) Posted:

I am still bewildered by Tjandra inconsistent story telling. On one hand, he gave the strong impression that JL or Grande has no claim or whatsover on LWMA' s assets over his A$7mil loan. Read the company and his announcement ons 02 Aug and 14 Aug.

Then on the other hand, in those The Edge articles, he did the followings:
1. Transfers 46.1mil shares to JL to close the case amicably which did not happen. This is no even anything to settle that A$7mil for the 50:50 JV..
2. Said he was forced to convert that A$7mil in a loan with 24% interest. He said he was " forced" ???
3. Agreed to some crazy terms of guaranteeing JL minimum 50cts per piece for his or Grande holding?
So from what it seems, there are no ways JL can have any legal claim over LWMA assets except to get back his A$7mil loan + expense + interest but somehow he can force Tjandra to give him whatever he wants. Note the key word here is " force" .

Tjandra did mentioned that he is ready to pay and has approached JL/Grande but was refused. His statement was this " I wish to clarify that the Rejected Payment Offer contained certain terms that were not acceptable to Grande Pacific Limited." So Tjandra set out some conditions in the payment and JL/Grande refused them. Now what are those terms? Those are now critical becos in theory, if JL/Grande have accepted that repayemnt, the whole saga should have ended.

There is more that meets the eyes and Tjandra is not telling the whole truth yet.

amlithiumpower ( Date: 22-Sep-2017 08:45) Posted:

Hi, I do agree with you that the settlement deal will be a short term distraction to the overall performance of the company. However, we cant deny the fact that the reveal of this saga has punish the share price from the time it was released at 32c all the way to the recent 21c. By and large there are also external factors but I believe this is also the most important factor that make investors or traders to think twice before investing or trading.
If Jonathan think in this way, 46m shares set aside for the long term play. Using the seized shares to offload at the market to ensure he get the best margin of difference for part c of the deal, he will not lose a single cent in the part b as he will get back his entire $7m. Nonetheless, remember this piece of info is Jonathan himself go to the press to release the juicy details and it' s not via sgx announcement since its a separate agreement with Am' s SSH, not AM itself. So we can see there is an intention for him to cause wide panic among investors and traders to help him bring down the share price. History of share price dropping from 32c to 21c proven he is successful in it. If after 24 Oct 17, AM performs with the trend of lithium wave, Jonathan would be the biggest winner by having the 46m shares, obtain cash of $7m or equavalent of shares (if SP lower, he can transfer more shares to him) and a big ang bao on the 24 Oct 17 of the difference. If you are in his position, wouldn' t you do the same thing? Ha... The only thing I can confirm is AM is a solid company that allow him to spend time and legal resources to go all the extend for it. (Good news for the long term investors here)

However, the twist to this development is the final negotiation of Burwill offtake which Tawana has no involvement. If fundamentally involved the Bald Hills in the negotiation, I believe Tawana would be jointly in talks aas well. The only difference between Tawana and AM is this Jonathan Saga. Anyway, what has passed had passed. Now the focus here is the development till 24 Oct 17 to see what further news does Jonathan and CEO have in stall for us. Definitely, it will have wide volatility going ahead but rest assured that as long as there is lithium in the ground, it will be a bright future for all holders in 2018.

DYOD

x 0

You felt spooky?Then " fight" or " flight" lor!

papayaface ( Date: 22-Sep-2017 11:39) Posted:

Getting spooky. Sellers or shortists keep topping up. It' s got to go down 1st before going up !!! Good luck

papayaface ( Date: 22-Sep-2017 09:40) Posted:

Note that today is FRIDAY.... Rowsley & Spacky are already down 0.2 each. Good luc

x 0

risktaker ( Date: 22-Sep-2017 10:23) Posted:

Acronym	Definition
5W1H	When, Where, Who, What, Why and How

Atom99 ( Date: 22-Sep-2017 10:18) Posted:

Ask yourself 5W1H

x 0

Ask yourself 5W1H.

papayaface ( Date: 22-Sep-2017 08:59) Posted:

How is AMA gaining from this since it has already sign off take with China party to sell all lithium for next 5 years at old fixed price? By the end of 5 years, price would have crashed. Good grief. Good luck

Atom99 ( Date: 22-Sep-2017 06:07) Posted:

Lithium Price Breakout
https://www.energyandcapital.com/

x 0

Lithium Price Breakout
https://www.energyandcapital.com/

Atom99 ( Date: 22-Sep-2017 06:04) Posted:

Lithium Price Breakout

https://www.energyandcapital.com/articles/lithium-price-breakout/6067

x 0

Lithium Price Breakout

https://www.energyandcapital.com/articles/lithium-price-breakout/6067

x 0

Quid pro quo.Shake hands and make peace.Why at each others throats?

Rembrt ( Date: 21-Sep-2017 22:26) Posted:

The question is how will T worm his way out of the consequences of the agreement with JL? It' s quite a tight corner he' s painted himself into. Any ideas? Placements may damage the price which is not what he wants right now as AMA' s price is somewhat subdued, and it might take some courage on Burwill' s part to invest at a higher price than currently.

x 0

Hi amlithiumpower,
Good to see you back here and below are my thoughts,posted yesterday, regarding AMAL in discussion with Burwill HL:
1)AMAL shares swap with Burwill ll H:HL to own 25 percent of BCL JV with Jiangte Mining (50%)
2)Alternatively, AMAL use the final offtake prepayment as payment to own 25 percent of BCL JV with Jiangte Mining (50%).
3) Shares placement to Burwill holdings Limited. (The Company is currently evaluating various funding options both equity and debt& hellip )
4) Tantalum offtake agreement?

amlithiumpower ( Date: 21-Sep-2017 20:59) Posted:

Hi Redeye and Atom Bros, sorry for being away for so Long.
Its been some times since AM surge from sub 10c to record high of 40c plus.
Those who have been long enough with this counter will know the history of the trading pattern of this counter. Remember the Temasek talk, hedge fund habourasia etc till now Rumour of Burwill potential talking into a separate agreement of taking an equity stake. If trading AM can be make into a movie, I think it will be a blockbuster.

Let me interpret the whole situation here. Jonathan has part A of the deal, he had seized a huge chunk of shares from CEO for the payment of $7m and part c is the difference of 50c and the market price by 24 oct 17. I see 2 camps here - Jonathan VS CEO. Jonathan want the share price to be as Low as possible so he could earn the difference in part c. Meanwhile, Low share price means he can sell or transfer more shares in part b of the deal. Fundamentally, Jonathan can do this because the company is good. If it' s a shitty company, he won' t give a damn to seize the shares right. However, our CEO also not stupid too. These few months he must be thinking ways how to fight Jonathan to regain control of his shares back without losing a lot of money. The only possible way (maybe there are others) is to get external help. Burwill will be an ideal candidate. With the latest lithium development in China, I think Burwill will be interested in the overall proposal of CEOs deal. And I' m second guessing that CEO wants Burwill to help to pop up the share price by 24 oct and he can assist by the side by releasing vital info that can revalue the sp. Sounds interesting? Perhaps Bros Redeye, atom and any like minded Bros can give an input into this possible scenario?

Just some random thoughts of mine and please DYODD

Atom99 ( Date: 21-Sep-2017 17:58) Posted:

Great to see like-minded members here.