| Latest Forum Topics / Alita Resources Last:0.078 -- |
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alliance mineral resources move up
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EmmGru
Veteran |
09-May-2017 08:55
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Agree, we dun waste time giving the shortist airtime already. Lets stop analyzing the share and just let the announcement talk. Dun want to give chance for risktaker to talk down the share and sneak in buy a lot....
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askthebear
Master |
09-May-2017 08:48
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Mr payaya, what u think of banks and keppel, so much debt can short. Haha. Just another shortist. | |||||||||||||||||||||||
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c3_jail
Senior |
09-May-2017 08:20
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Forum australia showing their confidence to TAW. Will that happen for AMAL?
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Atom99
Master |
09-May-2017 07:20
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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Agree.Talk less of non value added comments.Let the SP do the "talking".
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papayaface
Supreme |
09-May-2017 07:09
Yells: "This is the best time to enter....when everythings uncertain" |
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Have to repeat that this counter is OVER ANALYSED..If less is said, i' msure the price would have been hovering at 40 cts by now. Instead the shortists are having   party....Hiak hiak hiak. Good luck  |
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risktaker
Supreme |
09-May-2017 07:07
Yells: "Posts are opinions. Do not take it as investment advise " |
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Ok... anyway for alliance to move above 40c.... really need tawana FS n JORC report...
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Atom99
Master |
09-May-2017 06:38
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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Just post the agreement for all forummers to understand and on the same page.I didn't pains orsy pic
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risktaker
Supreme |
09-May-2017 05:09
Yells: "Posts are opinions. Do not take it as investment advise " |
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Atom 1 requirement for the burwill offtake is tawana to get 50% lithium interest...
Also the fund has been raised.... i dont understand why still paint a rosy picture...that alliance is still holding 100%... They need to work together now to make news work.... just published the FS n Jorc report...
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Atom99
Master |
08-May-2017 22:56
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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Will the DFS and interim resource estimate be announced before TAW AGM on the 6 Jun17? TAWANA RESOURCES NL ACN 085 166 721 NOTICE OF GENERAL MEETING Notice is given that the Meeting will be held at: TIME: 10:30am (WST) DATE: 6 June 2017 PLACE: 288 Churchill Avenue, Subiaco, Western Australia 6008 The
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Atom99
Master |
08-May-2017 22:47
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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ANNOUNCEMENT BY BOTH AMAL AND TAW ON 18 APR 2017. Execution of Bald Hill Joint Venture Agreement To Govern the Joint Venture Arrangement upon independent verification of A$7.5m Exploration and A$12.5m Capital Expenditure Commitments by Lithco Tawana Resources NL (" Tawana" or " TAW" ) (ASX: TAW) and Alliance Mineral Assets Limited (" AMAL" ) (SGX: AMAL) are pleased to announce the completion of the agreements necessary to govern the joint venture arrangement between AMAL and a wholly-owned subsidiary of Tawana, Lithco 2 Pty Ltd (" Lithco" ), as further elaborated herein. Further to the Farm-In Agreement between AMAL and Lithco as announced on 23 February 2017 (" Farm-in Agreement" ) and the entry into Lithium Rights Joint Venture Agreement between AMAL and Lithco as announced on 10 April 2017, the Boards of Tawana and AMAL wish to update shareholders that AMAL and Lithco (collectively, the " Parties" ), have on 18 April 2017 finalised the terms of, and executed the Bald Hill Joint Venture Agreement (" BHJVA" ) with respect to the Bald Hill project (" Bald Hill Project" or " Project" ) in Western Australia for the purpose of, inter alia, joint exploration and exploitation of Lithium and other minerals (" Bald Hill Joint Venture" ). Under the Farm-in Agreement:
Notwithstanding the execution of the BHJVA, such joint venture agreement between the Parties have not come into effect as at the date of this announcement and will not come into effect unless until the conditions in the Farm-in Agreement are verified to have been met by Ernst & Young, AMAL&rsquo s existing auditors, or such other person or firm as may be subsequently jointly agreed between the Parties . For the avoidance of doubt, the Lithium Rights Joint Venture Agreement has not come into effect as at the date of this agreement. In essence, by agreeing and executing the BHJVA, the Parties have now agreed on the terms that will govern their relationship as an unincorporated joint venture to conduct exploration and if warranted, mining operations with a view to exploitation and development of the Tenements once the conditions in the Farm-in Agreement have been satisfied.At that time:
The material t for (a) decisions of the JV Committee will be by unanimous vote at a duly convened meeting (b) the interests of the Parties are not subject to dilution (c) Lithco shall be the initial manager of the JV (with any subsequent appointment of such manager to be approved by the JV Committee and (d) BHJVA not providing that if and when the Bald Hill Joint Venture reaches the production stage, the Parties will negotiate and enter into a production sharing joint venture. The following additional term apply (among other things): In the event that the Parties discover minerals capable of economic exploitation on the Tenements, the Parties agree to negotiate and execute a mining joint venture agreement for the purposes of governing the joint exploitation of such minerals but the Parties agree that they shall, in the interim, be bound by the BHJVA and shall continue to develop the Tenements on the terms and conditions set out in the BHJVA. AMAL does not consider that any of the aforementioned, and the terms of the BHJVA to be detrimental to the AMAL (or shareholders of AMAL). This starts the process of AMAL and Lithco working very closely to become a spodumene producer in 2017 Further updates on any material developments in relation to the aforementioned will be disseminated to shareholders in a timely manner. The BHJVA is available for inspection (by AMAL shareholders only) at the registered of office of AMAL at Lakeside Corporate Building Unit 6, 24 Parkland Road, Osborne Park 6017, Western Australia and at the office of Dentons Rodyk & Davidson LLP at 80 Raffles Place, #33-00 UOB Plaza 1, Singapore 048624 during the normal business hours for 3 months from the date of this announcement . erms of the BHJVA are consistent with that of set out in paragraph 2.4.2 of AMAL&rsquo s circular its shareholders dated 24 August 2017 (" Circular" ), save  
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jack2906
Veteran |
08-May-2017 22:46
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suspension is a nightmare.. mai aneh guan leh~
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askthebear
Master |
08-May-2017 22:28
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Beware. It will put in another suspension. Haha. | |||||||||||||||||||||||
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askthebear
Master |
08-May-2017 22:26
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They own the mine. Revenue 50 each. Let's see. Alliance will go to £1. Haha. Short more if u dare. | |||||||||||||||||||||||
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risktaker
Supreme |
08-May-2017 22:13
Yells: "Posts are opinions. Do not take it as investment advise " |
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Sorry they own the rights to the land and the rights according to JV will be shared 50% with tawana.... once tawana spent the 15m....
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MichaelSchenker
Master |
08-May-2017 22:05
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Thanks Atom99 and Risktaker for sharing your homework. |
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askthebear
Master |
08-May-2017 22:00
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I think a lot of people miss out that this mine is own by who. And not sure these people study accounting and knowing there is something call the property gain. | |||||||||||||||||||||||
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Atom99
Master |
08-May-2017 21:34
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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http://www.asx.com.au/asx/statistics/announcements.do?by=asxCode& asxCode=TAW& timeframe=D& period=W TAWANA TOTAL SHARES    IN THE COMPANY: 418,017,700
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risktaker
Supreme |
08-May-2017 20:35
Yells: "Posts are opinions. Do not take it as investment advise " |
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Alliance mineral
 
  Tawana   
 
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spore1
Supreme |
08-May-2017 19:53
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If still into profits is good to secure it and run road already . All the Gd news alteady looses steam | |||||||||||||||||||||||
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MichaelSchenker
Master |
08-May-2017 19:48
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Personally feeling, this counter seems to be " over-analysed" . We have heard both sides of the story. There is comparison between AMAL and Tawana. By the way, anybody knows the paid up capital and shares issued for Tawana? It' s liabilites and order book value, just to name a few factors. Very difficult to compare 2 different companies dollar for dollar, cents for cents. |
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