Back

Latest Forum Topics / Alita Resources    Last:0.078 --

Post Reply

alliance mineral resources move up Post Reply Rate topic
massimovindimian Member	19-May-2017 09:06        massimovindimian About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	I meant what you said Bro! Just a misunderstanding  RedEye1811      ( Date: 19-May-2017 08:53) Posted: Sorry Bro to be picky Bro. You wrote quote: " The mine estimation is 13 years" . You are inferring a fact, and it irrelevant you included word " estimation" . The document is clear that it states it " may" . massimovindimian      ( Date: 19-May-2017 08:40) Posted: I have stated "estimation" not "fact
Useful To Me  Not Useful To Me
amlithiumpower Senior	19-May-2017 09:00        amlithiumpower About Contact  Quote this Post!
x 0   x 0  Alert Admin	Interesting that Canaccord was already engaged in the capital raising in Jun 16 for placement of 6c. And Canaccord is the shareholder of Lithco who was acquired by Tawana. For a investment advisor that is so involved in the partnering of Tawana and AM till today to have both AM and Tawana options, I guess they have a bigger stake in ensuring the success of AM/Tawana. http://infopub.sgx.com/FileOpen/Announcement.ashx?App=Announcement& FileID=407909 RedEye1811      ( Date: 19-May-2017 08:45) Posted: If my toilet roll maths and understanding correct, to exercise the options they (Canaccord) will need to pony up $3.42 million. If share price goes to 60c then they may $3.42 million profit. Not certain of what investment advisor charges but do not think they would cough at $3.42 million. And as got TAW slice they make a nice bundle. So they be interested to see price up. amlithiumpower      ( Date: 19-May-2017 08:10) Posted: Good timing. Ha.. yesterday received the options from AM then released report. Something to think about. A big investment advisor choose to receive options instead of $$$ from both AM and Tawana... Perhaps they would want to hold on to the share price when it begins to appreciate higher. Expiry date of the option will be 3 years and perhap someone can do a calculation of typically how much would a investment advisor charge for providing such service, then we would take the target price minus (0.24,0.30 and 0.36) multiply by 3.8m x 3 batches and can derive the profit Canaccord intend to make within 3 years.
Useful To Me  Not Useful To Me
risktaker Supreme	19-May-2017 08:54        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Posts are opinions. Do not take it as investment advise "
x 0   x 0  Alert Admin	my est is 10 years like i stated few months back risktaker      ( Date: 19-May-2017 08:05) Posted: Investment Highlights Bald Hill JV partners Tawana Resources and Alliance Mineral Assets achieved a major milestone recently with the securing of product offtake and prepayment, which combined with a recent capital raising now sees the project effectively funded through development. With further de-risking of the project expected with the imminent maiden resource (including expected subsequent upgrades by mid&rsquo 17) and feasibility study, Bald Hill&rsquo s key appeals will become more apparent &ndash low capex start up, short lead time to production, good exploration upside and potential for a considerable mine life.  Strong pricing secured under long term offtake agreement The Bald Hill Lithium Project JV Partners TAW and AMAL recently announced the execution of a binding offtake agreement with Hong Kong Stock Exchange listed Burwill Holdings Limited. Key terms of the agreement include exclusive rights to all spodumene production over an initial 5 years, with fixed prices for spodumene concentrate of US$880/t (FOB) over the first 2 years. Pricing achieved under the agreement is very strong, and based on estimated opex could support project level EBITDA (100% basis) of +A$120m over Years 1-2 of production.  Substantial offtake prepayment covers significant portion of development costs The offtake with Burwill also included a A$25m prepayment against future production, split evenly between the JV partners and to be received in full by Sep&rsquo 17. The prepayment is to be amortised through a deduction of 20% of the value of each shipment (~1.25 years), with funds received to be applied towards development costs. TAW also recently completed a A$15m capital raising, which combined with pre-existing cash reserves and the Burwill prepayment, should be sufficient to cover project development costs (~A$40-45m) Upcoming catalyst with initial resource estimate &ndash substantial upgrades expected by mid&rsquo 17 from ongoing drilling Ongoing resource drilling at Bald Hill is expected to culminate in a maiden, interim lithium resource estimate in the coming weeks, which we anticipate should be a major catalyst for both TAW and AMAL. We expect the interim resource to underpin the Feasibility Study (see below) and more than cover the initial capital outlay. Ongoing drilling is anticipated to result in subsequent upgrades to the interim resource, with exploration targets of 20-30Mt at 0.9-1.4% Li2O by mid&rsquo 17, and 30-50Mt by end 2017. Assuming a 50% resource to reserve conversion and achieving the upper end of the target, Bald Hill could support a mine life of +13 years. Expected low capex and short lead time to production to be confirmed in imminent feasibility study TAW/AMAL are expected to shortly release the outcomes of a feasibility study into developing a 120-160ktpa spodumene concentrate operation at Bald Hill. The study is anticipated to outline a low-capex, phased approach, with initial production of coarse concentrate from the retrofitting of a DMS circuit to the existing plant, followed by a subsequent installation of flotation and treatment of stockpiled fines. Based on our initial opex estimates, offtake pricing should lead to strong cashflow and a short capital payback period. Early site works have now commenced, with pla Catalysts Maiden (interim) resource estimate May&rsquo 17 Feasibility study May&rsquo 17 Resource update Mid 2017 Resource update Q4 2017 Plant commissioning Q1 2018 First production & product sales Q1 2018
Useful To Me  Not Useful To Me
RedEye1811 Master	19-May-2017 08:53        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Sorry Bro to be picky Bro. You wrote quote: " The mine estimation is 13 years" . You are inferring a fact, and it irrelevant you included word " estimation" . The document is clear that it states it " may" . massimovindimian      ( Date: 19-May-2017 08:40) Posted: I have stated "estimation" not "fact" RedEye1811      ( Date: 19-May-2017 08:38) Posted: Correction. It may support a mine life of 13 years if it is at upper end of the targets. Till the actual report comes out, best not to get ahead of ourselves and state it as " fact" . It may. Fingers crossed that it is true, but still need to be cautious. And to be clear I am a longist and vested so do hope it goes true that upper of targets come out. But as Sheerluck Bro will chip in do not conclude something a fact till details in....
Useful To Me  Not Useful To Me
RedEye1811 Master	19-May-2017 08:45        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	If my toilet roll maths and understanding correct, to exercise the options they (Canaccord) will need to pony up $3.42 million. If share price goes to 60c then they may $3.42 million profit. Not certain of what investment advisor charges but do not think they would cough at $3.42 million. And as got TAW slice they make a nice bundle. So they be interested to see price up. amlithiumpower      ( Date: 19-May-2017 08:10) Posted: Good timing. Ha.. yesterday received the options from AM then released report. Something to think about. A big investment advisor choose to receive options instead of $$$ from both AM and Tawana... Perhaps they would want to hold on to the share price when it begins to appreciate higher. Expiry date of the option will be 3 years and perhap someone can do a calculation of typically how much would a investment advisor charge for providing such service, then we would take the target price minus (0.24,0.30 and 0.36) multiply by 3.8m x 3 batches and can derive the profit Canaccord intend to make within 3 years.  furnaces      ( Date: 19-May-2017 07:13) Posted: Updated report by Canaccord on AMAL/TAW https://gallery.mailchimp.com/9eb3e402e669cc62e50781280/files/31abaeff-eb93-448c-83d8-c7f834095334/CGC_TAW40F_18.05.17.pdf
Useful To Me  Not Useful To Me
massimovindimian Member	19-May-2017 08:40        massimovindimian About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	I have stated "estimation" not "fact" RedEye1811      ( Date: 19-May-2017 08:38) Posted: Correction. It may support a mine life of 13 years if it is at upper end of the targets. Till the actual report comes out, best not to get ahead of ourselves and state it as " fact" . It may. Fingers crossed that it is true, but still need to be cautious. And to be clear I am a longist and vested so do hope it goes true that upper of targets come out. But as Sheerluck Bro will chip in do not conclude something a fact till details in.... massimovindimian      ( Date: 19-May-2017 07:28) Posted: The mine life time estimation is 13 years! Not bad.
Useful To Me  Not Useful To Me
RedEye1811 Master	19-May-2017 08:38        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Correction. It may support a mine life of 13 years if it is at upper end of the targets. Till the actual report comes out, best not to get ahead of ourselves and state it as " fact" . It may. Fingers crossed that it is true, but still need to be cautious. And to be clear I am a longist and vested so do hope it goes true that upper of targets come out. But as Sheerluck Bro will chip in do not conclude something a fact till details in.... massimovindimian      ( Date: 19-May-2017 07:28) Posted: The mine life time estimation is 13 years! Not bad.
Useful To Me  Not Useful To Me
risktaker Supreme	19-May-2017 08:22        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Posts are opinions. Do not take it as investment advise "
x 0   x 0  Alert Admin	Look at CNMC Goldmine it was trading at sub 10 then when it announce it is going to turn profit as gold starting to come in.... it hit 60c?
Useful To Me  Not Useful To Me
amlithiumpower Senior	19-May-2017 08:10        amlithiumpower About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good timing. Ha.. yesterday received the options from AM then released report. Something to think about. A big investment advisor choose to receive options instead of $$$ from both AM and Tawana... Perhaps they would want to hold on to the share price when it begins to appreciate higher. Expiry date of the option will be 3 years and perhap someone can do a calculation of typically how much would a investment advisor charge for providing such service, then we would take the target price minus (0.24,0.30 and 0.36) multiply by 3.8m x 3 batches and can derive the profit Canaccord intend to make within 3 years.  furnaces      ( Date: 19-May-2017 07:13) Posted: Updated report by Canaccord on AMAL/TAW https://gallery.mailchimp.com/9eb3e402e669cc62e50781280/files/31abaeff-eb93-448c-83d8-c7f834095334/CGC_TAW40F_18.05.17.pdf
Useful To Me  Not Useful To Me
risktaker Supreme	19-May-2017 08:05        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Posts are opinions. Do not take it as investment advise "
x 0   x 0  Alert Admin	Investment Highlights Bald Hill JV partners Tawana Resources and Alliance Mineral Assets achieved a major milestone recently with the securing of product offtake and prepayment, which combined with a recent capital raising now sees the project effectively funded through development. With further de-risking of the project expected with the imminent maiden resource (including expected subsequent upgrades by mid&rsquo 17) and feasibility study, Bald Hill&rsquo s key appeals will become more apparent &ndash low capex start up, short lead time to production, good exploration upside and potential for a considerable mine life.  Strong pricing secured under long term offtake agreement The Bald Hill Lithium Project JV Partners TAW and AMAL recently announced the execution of a binding offtake agreement with Hong Kong Stock Exchange listed Burwill Holdings Limited. Key terms of the agreement include exclusive rights to all spodumene production over an initial 5 years, with fixed prices for spodumene concentrate of US$880/t (FOB) over the first 2 years. Pricing achieved under the agreement is very strong, and based on estimated opex could support project level EBITDA (100% basis) of +A$120m over Years 1-2 of production.  Substantial offtake prepayment covers significant portion of development costs The offtake with Burwill also included a A$25m prepayment against future production, split evenly between the JV partners and to be received in full by Sep&rsquo 17. The prepayment is to be amortised through a deduction of 20% of the value of each shipment (~1.25 years), with funds received to be applied towards development costs. TAW also recently completed a A$15m capital raising, which combined with pre-existing cash reserves and the Burwill prepayment, should be sufficient to cover project development costs (~A$40-45m) Upcoming catalyst with initial resource estimate &ndash substantial upgrades expected by mid&rsquo 17 from ongoing drilling Ongoing resource drilling at Bald Hill is expected to culminate in a maiden, interim lithium resource estimate in the coming weeks, which we anticipate should be a major catalyst for both TAW and AMAL. We expect the interim resource to underpin the Feasibility Study (see below) and more than cover the initial capital outlay. Ongoing drilling is anticipated to result in subsequent upgrades to the interim resource, with exploration targets of 20-30Mt at 0.9-1.4% Li2O by mid&rsquo 17, and 30-50Mt by end 2017. Assuming a 50% resource to reserve conversion and achieving the upper end of the target, Bald Hill could support a mine life of +13 years. Expected low capex and short lead time to production to be confirmed in imminent feasibility study TAW/AMAL are expected to shortly release the outcomes of a feasibility study into developing a 120-160ktpa spodumene concentrate operation at Bald Hill. The study is anticipated to outline a low-capex, phased approach, with initial production of coarse concentrate from the retrofitting of a DMS circuit to the existing plant, followed by a subsequent installation of flotation and treatment of stockpiled fines. Based on our initial opex estimates, offtake pricing should lead to strong cashflow and a short capital payback period. Early site works have now commenced, with pla Catalysts Maiden (interim) resource estimate May&rsquo 17 Feasibility study May&rsquo 17 Resource update Mid 2017 Resource update Q4 2017 Plant commissioning Q1 2018 First production & product sales Q1 2018
Useful To Me  Not Useful To Me
jack2906 Veteran	19-May-2017 07:57        jack2906 About Contact  Quote this Post!
x 0   x 0  Alert Admin	so can buy more once the market open today? massimovindimian      ( Date: 19-May-2017 07:28) Posted: The mine life time estimation is 13 years! Not bad.
Useful To Me  Not Useful To Me
massimovindimian Member	19-May-2017 07:28        massimovindimian About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	The mine life time estimation is 13 years! Not bad.
Useful To Me  Not Useful To Me
furnaces Veteran	19-May-2017 07:13        furnaces About Contact  Quote this Post!
x 0   x 0  Alert Admin	Updated report by Canaccord on AMAL/TAW https://gallery.mailchimp.com/9eb3e402e669cc62e50781280/files/31abaeff-eb93-448c-83d8-c7f834095334/CGC_TAW40F_18.05.17.pdf
Useful To Me  Not Useful To Me
RedEye1811 Master	19-May-2017 07:10        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	In going with options it is going to be in best interests of Canaccord to do a go job...if the share price flops and they have put in hours of work then they get nothing but a loss...if the share price improves substantially from their advise/actions then they can get a heck of a lot more than if simply paid a flat fee. They could for example pull off a great deal with their advise that see the share price rocket with them having down very little work. In that case they get more. Can be a double-edged sword in ways but it does provide a closer alignment with the long-term interests (with key word as other mentioned " long-term" ) of shareholders which prefer particularly for a company starting out.
Useful To Me  Not Useful To Me
risktaker Supreme	19-May-2017 07:08        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Posts are opinions. Do not take it as investment advise "
x 0   x 0  Alert Admin	Thats why prime partner not happy ma.... sheerluck      ( Date: 18-May-2017 19:48) Posted: Advisor cum promoter.   Pretty standard relationship. timothylim890      ( Date: 18-May-2017 19:44) Posted: So now Canaccord Genuity holds options from on both TAW and AMAL. They' re already in the money for the first tranche. Could anyone share some insight on this?
Useful To Me  Not Useful To Me
motomoto Member	18-May-2017 21:55        motomoto About Contact  Quote this Post!
x 0   x 0  Alert Admin	Key word = long term. Let' s hope this will stay true.  The Company has chosen to issue Options to Canaccord in payment of services rendered in order to conserve its cash position and to align the interests of Canaccord with that of shareholders of the Company for the long-term growth of the Company.   EmmGru      ( Date: 18-May-2017 21:38) Posted: Taking our eyes and minds off the share price (hard to do and frustrating, I know) its kinda nice to know we are here at the start of a key piece of Company history    hope to remain a long and loyal AMAL shareholder and talk to the same guys here at the forum who also remain vested.
Useful To Me  Not Useful To Me
furnaces Veteran	18-May-2017 21:39        furnaces About Contact  Quote this Post!
x 0   x 0  Alert Admin	Maiden resource estimate is usually part of feasibility study. Normally is release maiden resource estimate before DFS. If DFS is going to be released first then resource estimate will be inside also. Atom99      ( Date: 18-May-2017 21:21) Posted: Feasibility Study is due to be released by end of May as announced by TAW this morning on ASX.  However, no mentioned of when a maiden resource estimate would be announced. IMO, A12 MT mineral resource (JORC report) at 1.1% Li2O  may have been  achieved. Maybe,TAW wants to have a resource target of 20 MT or more to report before their AGM on the 6 June17. c3_jail      ( Date: 18-May-2017 20:31) Posted: Seems more secure that this not scam.. lol
Useful To Me  Not Useful To Me
EmmGru Veteran	18-May-2017 21:38        EmmGru About Contact  Quote this Post!
x 0   x 0  Alert Admin	Taking our eyes and minds off the share price (hard to do and frustrating, I know) its kinda nice to know we are here at the start of a key piece of Company history    hope to remain a long and loyal AMAL shareholder and talk to the same guys here at the forum who also remain vested.
Useful To Me  Not Useful To Me
EmmGru Veteran	18-May-2017 21:29        EmmGru About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ya they must have some idea by now or will not commit the capex announced today, prepare to award EPC contract and mobilise construction personnel (150 room camp).  Atom99      ( Date: 18-May-2017 21:21) Posted: Feasibility Study is due to be released by end of May as announced by TAW this morning on ASX.  However, no mentioned of when a maiden resource estimate would be announced. IMO, A12 MT mineral resource (JORC report) at 1.1% Li2O  may have been  achieved. Maybe,TAW wants to have a resource target of 20 MT or more to report before their AGM on the 6 June17. c3_jail      ( Date: 18-May-2017 20:31) Posted: Seems more secure that this not scam.. lol
Useful To Me  Not Useful To Me
Atom99 Master	18-May-2017 21:21        Atom99 About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Once you hv eliminated the impossible,whatever remains TRUTH"
x 0   x 0  Alert Admin	Feasibility Study is due to be released by end of May as announced by TAW this morning on ASX.  However, no mentioned of when a maiden resource estimate would be announced. IMO, A12 MT mineral resource (JORC report) at 1.1% Li2O  may have been  achieved. Maybe,TAW wants to have a resource target of 20 MT or more to report before their AGM on the 6 June17. c3_jail      ( Date: 18-May-2017 20:31) Posted: Seems more secure that this not scam.. lols timothylim890      ( Date: 18-May-2017 19:44) Posted: So now Canaccord Genuity holds options from on both TAW and AMAL. They' re already in the money for the first tranche. Could anyone share some insight on this?
Useful To Me  Not Useful To Me

                                                         First   < Newer   4721-4740 of 10377   Older>   Last