| Latest Forum Topics / Alita Resources Last:0.078 -- |
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alliance mineral resources move up
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stlimst
Master |
24-Feb-2017 00:02
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Thanks Atom99 for sharing the info. Yes Lithium is the FUTURE. AMA share price will jump on this confirmation and trend higher till end March..then.. |
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timothylim890
Veteran |
23-Feb-2017 23:51
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According to AMA' s press release on 12 Feb: " CONTINUED STRONG METALLURIGICAL RESULTS AT THE BALD HILL MINE Up to 93.4% Recovery and 7.1% Concentrate Grade" Further strengthens case to hold. |
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Atom99
Master |
23-Feb-2017 23:47
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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  What is the potential of AMAL and its  JV partners are worth...if the maiden estimate resources/reserve are  out by end of March 17( and going by all the report  it has previously announced -  it would be substantial,in my opinion) Just look at Galaxy Resources    Lithium Concentrate prcing: LITHIUM CONCENTRATE PRICING CONFIRMED FOR CY2017 Highlights ▪ Binding agreements signed with current Chinese customers for CY2017 ▪ 120,000 tonnes of lithium concentrate sold for 2017 delivery at US$905/t (FOB Esperance) for 6% Li2O ▪ Following initial production from Mt Cattlin which yielded higher than anticipated grades after flow sheet redesign, Galaxy is now confident of producing an improved 6% grade lithium concentrate product ▪ Galaxy is currently discussing more longer term arrangements with its existing customers beyond 2017, and will also look at options to diversify its customer base ▪ Offtake arrangements to settle through partner Mitsubishi Corporation   Offtake Agreement Galaxy Resources (ASX:GXY) (" Galaxy" ) (" the Company" ), is pleased to announce it has sold 120,000 tonnes of lithium concentrate from the Mt Cattlin Project in Ravensthorpe, Western Australia, for US$830 per tonne (FOB, minimum 5.5% Li2O) to be delivered in calendar year 2017, having signed binding agreements with its existing China-based buyers. Customers will also be paying an additional US$15/t for every 0.1% improvement in grade of Li2O delivered, resulting in an agreed price of up to US$905/t for a 6% lithium concentrate. The sale of this 120,000 tonnes of lithium concentrate is with chemical converters in China who produce both lithium carbonate and lithium hydroxide. The Company' s current guidance for 2017 is for 160,000 tonnes of lithium concentrate production, based on an approximate 50% recovery - this production level will satisfy both the outstanding balance of 2016 contracted volumes to be delivered, as well as the newly contracted 2017 volumes. The Company intends to continue on working to improve recovery at the Mt Cattlin processing plant and with any incremental production available in the future, it will look to place such volume to existing and/or new customers.    
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timothylim890
Veteran |
23-Feb-2017 23:46
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Pump on news, sell on news, who cares? Long term, this stock is going to soar. Production hasn' t even started yet. |
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Crossback
Member |
23-Feb-2017 23:45
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This one different. Will pump more on news!
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Zindarion
Veteran |
23-Feb-2017 23:37
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Just a friendly reminder to all the bro who invested here.... Pump before news mean sell on news. Unless you intend to ride all the way down and up again for who knows when the CK will action. |
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Atom99
Master |
23-Feb-2017 23:05
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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Read this write-out from Nextinsight regarding AMAL below: https://www.nextinsight.net/story-archive-mainmenu-60/939-2017/11327-alliance-mineral-assets-up-60-in-6-weeks-as-lithium-production-nears  
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stlimst
Master |
23-Feb-2017 22:48
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YES! Confirmation of the JV. Another uncertainty removed and milestone achieved....and Lithium price still climbing. |
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Atom99
Master |
23-Feb-2017 21:59
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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Yes.Announced.Will cross $0.20 cents 2moro. ALLIANCE MINERAL ASSETS LIMITED (Company Registration Number: ACN 147 393 735) (Incorporated in the Australia on 6 December 2010) ENTRY INTO FARM-IN AGREEMENT 2. ENTRY INTO FARM-IN AGREEMENT Further to the Announcements and the Circular, the Board wishes to update Shareholders that the Company and Lithco (collectively, the &ldquo Parties&rdquo ) have on 23 February 2017 entered into a farm-in agreement (&ldquo Farm-in Agreement&rdquo ) with Lithco for, inter alia, the following: (a) AMA to grant Lithco the right to earn in to acquire an interest of 50% as tenant in common in the lithium rights in the Tenements and the mining information that relates to lithium (&ldquo Lithium Rights Interest&rdquo ) upon completion of Expenditure Commitment, and subject to further completion of Capital Expenditure, the right to earn in to acquire an interest of 50% as tenant in common in the Tenements, the Plant and in the mining information (&ldquo Project Interest&rdquo ) (b) The Parties agree that if the Lithco acquires the Lithium Rights Interest pursuant to the Farm-in Agreement then the Parties shall associate themselves as a joint venture for the exploration and commercial exploitation of lithium on the Tenements (&ldquo Lithium Rights JV&rdquo ) and (c) Furthermore, if the Lithco acquires the Project Interest, then the Parties shall associate themselves as a joint venture (which will replace any existing joint venture that may have been formed in (b) above) for the exploration and commercial exploitation of all minerals on the Tenements (&ldquo Project JV&rdquo ), on the terms and conditions set out in the Farm-in Agreement. Under the Farm-in Agreement, the Parties will in good faith seek to agree on the terms of the joint venture agreements (&ldquo JVAs&rdquo ) governing the Lithium Rights JV and Project JV as soon as possible following the date of the Farm-in Agreement, on the basis that they should be consistent with the terms of the Farm-in Agreement and contain terms and conditions that are customary for arrangements of that nature in the Western Australian mining industry which are approved by the boards of the Company and Lithco. Further, under the Farm-in Agreement, Lithco is required to spend, AUD12,500,000 in Capital Expenditure prior to 31 December 2019. Save for the  set out in the Binding Terms Sheet and/or the Circular. The Company endeavours to finalise the respective JVAs with Lithco as soon as practicable and in any case prior to the fulfilment of the respective Expenditure Commitment and Capital Expenditure by Lithco.    
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KopRed75
Veteran |
23-Feb-2017 21:42
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Signed.
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teddytan438
Senior |
23-Feb-2017 18:44
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This stock very unpredictable, lock in Profit first today. |
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Atom99
Master |
23-Feb-2017 17:58
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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Why the delay in signing the BDA with Tawana Resources,wouldn' t be surprised to see a whole new deal of some sort. Maybe a merger or acquisition. We will hv to wait and see by 28 Feb 17. Just my thoughts.  
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Trexxx
Veteran |
23-Feb-2017 16:44
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wah until now hulk still around ah. who' s the enemy again?
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KopRed75
Veteran |
23-Feb-2017 16:38
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Can Hulk smash down 0.2000 at the close? | ||||
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cougars
Member |
23-Feb-2017 15:40
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yeah. ppl has taken notice of this stock. all probably waiting for announcement next week. or the tender results next month. 
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BrownBrown
Senior |
23-Feb-2017 15:38
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agree. the wall not so easy to crack these few days. 
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cougars
Member |
23-Feb-2017 15:35
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i sold at 199. 0.2 got 5 mil sellers. too huge a wall. need some positive announcement to break it. 
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andysim83
Elite |
23-Feb-2017 15:32
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yeah if u playing for short term you can throw some around this price..if u can hold until they start production will be able to break 0.2
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jazzzkk
Senior |
23-Feb-2017 15:26
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I was thinking to throw away some at 199. Cause after 20cts the min is 5x. Which is harder to break. Really come down from there
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andysim83
Elite |
23-Feb-2017 15:06
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true..but if u got money can slowly absorb n avg out...or can hold mid term...usually to break above 0.2 take awhile...not good to contra..
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