| Latest Forum Topics / Alita Resources Last:0.078 -- |
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Alliance Mineral....The Next Lap.
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Atom99
Master |
19-Oct-2017 22:32
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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Refused to sell becos waiting for two birds in the bushes than one bird in our hands.IMO
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Atom99
Master |
19-Oct-2017 22:28
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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I remembered that the CEO once says that the company is  worth a billion dollars during one of his interiew. DYOR and DYODD.
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twinpower
Member |
19-Oct-2017 22:28
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Not required by SGX, but under Companies Act.
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Atom99
Master |
19-Oct-2017 22:23
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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Bro SGX got such rules? I do not know?
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furnaces
Veteran |
19-Oct-2017 22:07
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Jiangxi Special Electric plans to take stake in Australian lithium miner
Oct 19 (Reuters) - China's Jiangxi Special Electric Motor Co Ltd said on Thursday it planned to buy stake in an Australian lithium mining and exploration company, the latest electric vehicle company to scoop up supplies of raw materials. Jiangxi, which makes electric vehicles and lithium batteries, said its German division had agreed to pay A$20 million ($15.72 million) for an 11.45-percent stake in Tawana Resources NL. Tawana has a 50-percent interest in the Bald Hill lithium and tantalum mine in Western Australia, which is expected to ship its first lithium concentrate shipment in March 2018, it said. Tawana also owns 100 percent of the Mofe Creek project, an iron ore project in Liberia. China, the world's biggest auto market, said it wants electric and plug-in hybrid cars to make up at least a fifth of Chinese auto sales by 2025 and eventually phase out traditional cars part of government efforts to improve air quality. Lithium is a key ingredient for making batteries for products like mobile phones and electric vehicles. Tawana's shares were halted on Wednesday pending an announcement on funding for Bald Hill. News of this deal follows an announcement last month from Great Wall Motor Co Ltd that it will take a small stake in Australian lithium miner Pilbara Materials Ltd. Australia was the world's largest lithium producer in 2016, according to the U.S. Geological Survey. China's EV production could reach 1 million vehicles next year and 3 million by 2020, Xu Heyi, chairman of carmaker BAIC Group, said on Wednesday, likely exceeding a government set target. ($1 = 1.2721 Australian dollars) (Reporting by Ruby Lian and Josephine Mason. Editing by Jane Merriman) |
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RedEye1811
Master |
19-Oct-2017 22:06
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The way this announcement sounds and the trading pattern seems to be strangely similar to how CityNeon sold a stake in its operations for around 95c a few months back. Got a similar feel to it. Hopefully it the same when they sold a block of shares owned by a SSH to another party. Need to go back and find full facts but seems the same.
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twinpower
Member |
19-Oct-2017 21:48
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Will be interesting to see if Jonathan puts himself in contention to take over as CEO. I believe the recent issue in new shares, including perhaps this evening's announcement, was partly targeted to dilute JL's shareholdings and influence in the company.
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Alvin2042
Master |
19-Oct-2017 21:29
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It can also be Amal buying other lithium related business via issue of shares.
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amlithiumpower
Senior |
19-Oct-2017 21:20
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I' m pondering over the intention of this announcement which cant give concrete details and let pple second guessing. How will it translate into SP movement tmr? 1)  Will it be a gap up and push and let those weak holders who exited today chase again? 2)  Will it be a green light for SP to chiong until 50c since it cant be fined for SGX speeding ticket for disclosing got such transaction discussion? 3)  Or will it be a dumping ground for the BB? I hope it will be situation 1 and 2 since bulk of the price volume action below 37.5c is insignifcant without volume crossing 3m at each level.  DYODD
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minicar
Member |
19-Oct-2017 21:19
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haha, me too. refused to sell it both time reached 40cents
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RedEye1811
Master |
19-Oct-2017 21:10
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Bro: If nothing further is forthcoming before the AGM then it going to be one VERY interesting AGM. Think they will need to extend it by hours as think questions may be flying left and right. May need to bring a packed dinner so as not to starve.
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RedEye1811
Master |
19-Oct-2017 21:07
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Out exercising so late to this news. Lot to think about. If a takeover then I not be happy personally in my opinion. If this baby going to $1 next year then it takeover now then we shareholders only get a portion of what could get. If interested parties wish to buy in then depending on the terms and who they are then if it is buying in for equity at a reasonable amount (above 35c a share) then I would be thinking reasonable. If buying in cheap and then also with dilution be annoying. And if buying in then hopefully it a strategic alliance with either good vertical or horizontal integration potential, and the buy-in helps strengthen the balance sheet. Any views? I still tossing it about so love other comments.
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twinpower
Member |
19-Oct-2017 21:06
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Haha..really loyal leh. Refused to sell both times price went up to 40c. First time saw it slowly tanked to 21.5c, then now this. Hopefully it will be worth the while. Cheers!
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Dunoanyti
Member |
19-Oct-2017 20:57
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Thanks bro Atom99
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Alvin2042
Master |
19-Oct-2017 20:52
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No earnings yet, cannot give bonus issue.
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Atom99
Master |
19-Oct-2017 20:48
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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I suggest AMAL rewards us loyal shareholders with bonus share of 1 for 1.What do you think 🤔 ? IMO.
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twinpower
Member |
19-Oct-2017 20:35
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Valid point - how much is amal worth now? Given that we do not yet know exactly how much resources there is underground, it would make the valuation of the company extremely challenging in a takeover exercise. More likely a subscription of shares into the company.
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Atom99
Master |
19-Oct-2017 20:28
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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Bro, My understanding is there are some interest parties,can be instos,GLC,autos companies,etc. wanted to become a SSH by buying into the company.IMO. Did I miss anything?
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Atom99
Master |
19-Oct-2017 20:22
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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Takeover by who? RIO TINTO or BHP... Considering it holds a tenement of 790.3 sq.meters...How much is AMAL worth now? One of the parties in discussion may be GLC...Temasek again? Our shares would be diluted if AMAL is going to allowed these interested parties to subscribed to its shares.Anyway,AMAL is fully funded already. ( No 50cents per shares,Do Not allot shares subscription to these interested parties) IMO.  
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Dunoanyti
Member |
19-Oct-2017 20:21
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Bro Atom99 what this mean?
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