| Latest Forum Topics / Alita Resources Last:0.078 -- |
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alliance mineral resources move up
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RedEye1811
Master |
24-May-2017 14:31
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Further on majors being sold out, as Burwill price only for first two years then if others sold out then price they need to pay after first 2 years better chance of being same or higher....got potential for higher revenues...if the JORC comes out at higher end then if got lots of resource and other majors tied up then TAW/AMAL could be in driving seat in 2020 to be getting more cash for their efforts...  
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risktaker
Supreme |
24-May-2017 14:05
Yells: "Posts are opinions. Do not take it as investment advise " |
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one possible catalyst is Tawana invite Alliance into its other Lithium project 
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timothylim890
Veteran |
24-May-2017 14:00
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Looks like it' ll be up to other players to pick up the slack. In the Australian context, looks like Pilbara Minerals currently holds the largest JORC resouce (80.2MT @ 1.26% Li2O): http://www.australian-lithium.com/lithium-stocks.html " PLS&rsquo s flagship asset is its Pilgangoora Lithium Project in WA.  The company to date has determined a JORC Resource of 80.2Mt at 1.26% Li2O, equivalent to 1.7Mt of contained LCE.  Pilgangoora is the world&rsquo s 2nd largest hard rock lithium deposit, ranking only behind the world class Greenbushes mine.  Compared to other emerging hard rock lithium producers, Pilgangoora ranks above average in terms of size, grade, and costs, as well as demonstrating favourable metallurgy to date." The other Australian players seem to have resources of about ~25MT and below.  If TAW' s JORC report can show Bald Hill contains a resource of 30-50MT @ > 1.2% Li2O as indicated in their presentation, AMAL could be the owner of the 3rd largest hard rock lithium deposit in the world.  
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RedEye1811
Master |
24-May-2017 13:59
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Interesting tweet...if true and major existing players sold out, then AMAL could be in a prime place regarding any additional lithium it produces beyond what already going in the off-take agreement...Burwill indicated willing to take excess but other being sold out may push them to pay more for the excess...
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furnaces
Veteran |
24-May-2017 13:51
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Some news dated back few days. ALbemarle is basically sold out of lithium through 2022. Same with SQM, FMC Lithium and Ganfeng lithium. https://mobile.twitter.com/globallithium   |
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EmmGru
Veteran |
24-May-2017 12:18
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Totally agree!!  ![]()
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pool100
Veteran |
24-May-2017 12:11
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Stars are getting aligned this time. Insiders are scooping ahead of positive reserve results. Price action is very resilient. Traders kept dumping at between 30-32c but the BBs kept scooping them up. Technically it is very bullish. Expect AMAL to trade towards 40c resistance and hover there for a while before blasting to new heights. Based on calculations, this is a $1 stock and even at that valuation it' s still cheap! |
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EmmGru
Veteran |
24-May-2017 11:45
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I won' t buy Noble rite now. Maybe risktaker is rite tat the buy up is due to short hedging today. If tat is the case, on Friday shortists may come back. Personally I won' t hold overnite positions in Noble. Not tat I actually think Noble is going to ch 11. But becos shorts are still active and the pre-trade gap down is a killer. Please DYODD and dun mind the chatting on Noble tat is going on here. We dun know any more than the rest of the market.
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risktaker
Supreme |
24-May-2017 11:35
Yells: "Posts are opinions. Do not take it as investment advise " |
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Think already hedge if not it wont go up.. can short again at 45 to 50... eventually 20c for noble
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leefans
Member |
24-May-2017 11:35
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So can buy noble now? | ||||
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EmmGru
Veteran |
24-May-2017 11:32
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Noble - Ya if the Noble naked short yesterday did not hedge by buying today, they will cry again on Fri when SGX buy in for them. 11m shares shorted. If the BB want to burn the shortists, they will make sure price rally until Friday noon.   I would be happy except I think the wrong shortists are being burned. Likely the earlier shortists already stop and dun get burned tis round. AMAL - I also speculating on announcement of FS via taking out additional contra positions. But have to be careful with AMAL, think lots of pple contra when px rally tats why px always go up and down so violently ~ 20%. Need a sustained push up to break out of 0.4.   
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RedEye1811
Master |
24-May-2017 11:32
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Bottleneck seems to be at 34c...may be the high for the day with some retracement... | ||||
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furnaces
Veteran |
24-May-2017 11:16
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$0.34 cleared. This time round the buying is too strong, likely with minimal retailers. I didn't even see price retrace down pass one bid. | ||||
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RedEye1811
Master |
24-May-2017 11:15
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Someone dived in big and bought 1.000.000 shares at 34c.... | ||||
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RedEye1811
Master |
24-May-2017 11:06
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I admit I speculating on announcement of FS...hey got disappointed at end of April..but I think Mark really wants it out this time - not only because of his trip - but because I think from the AMAL announcements they not happy it was not out at end of April... Noble now in positive territory...if went long at 31c you now sell out and take a holiday...if short at 31c you would be crying in middle of PIE looking to catch a truck...
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amlithiumpower
Senior |
24-May-2017 11:05
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Great to see everyone back. Ha... vol 10.5m slightly more than avg volume of 10.3m with green bar. next target 36 and then 40-42. DYODD |
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RedEye1811
Master |
24-May-2017 11:02
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I got too scared watching Noble...plunge at start...thought go further but it was even for the day a few moments ago....if anyone shorted at 31c on Noble and went out for a smoke would have come back and then just gone to the bar for a stiff drink and a full packet of smokes given how rebounded...loss would have been painful... If shorted at 41c then if they have not got out then they either got a strong stomach or praying hard it go back down...
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EmmGru
Veteran |
24-May-2017 11:00
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I' m not sure abt timing of announcement but think report must have leaked. Taw and AMAL both rally > 8%. Noble rebound > 20% off lows today. Wow |
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RedEye1811
Master |
24-May-2017 10:57
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Sorry for missing you Bro...and any other regular...
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timothylim890
Veteran |
24-May-2017 10:57
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Watching Noble closely too. Those who shorted low and shorted big this morning now balancing two eggs on face...any higher the eggs going to turn into omelette. Scary stuff. More exciting than action movie.
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