| Latest Forum Topics / Alita Resources Last:0.078 -- |
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alliance mineral resources move up
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Atom99
Master |
08-May-2017 18:17
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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The Maiden lithium Resource which should be available in May 2017, will be another significant milestone as the Company pursues spodumene production in 2017... Taken from page 5 of TAW announcement on 28 Apr 17.  Resource Drilling Tawana&rsquo s resource drilling program focused on the area at Bald Hill where a maiden lithium resource would be estimated was nearing completion. The program had returned numerous high grade lithium and tantalum intercepts Refer ASX announcement on 3 March 2017)1. Best results include: - 21m at 1.44% Li2O and 319ppm Ta2O5 from 61m in LRC0146 - 20m at 1.38% Li2O from 59m Li2O in LRC0148 - 6m at 1.11% Li2O from 71m and 16m at 1.44% from 99m in LRC209 - 12m at 2.38% Li2O from 136m in LRC077 and - 12m at 2.09% Li2O from 54m in LRC0257. Drilling clearly defined near-surface spodumene pegmatites located 800m from the process plant site and within the current fully permitted pit limit. Shallow intercepts included: - 13m at 1.74% Li2O and 318ppm Ta2O5 from 19m in LRC0253 - 7m at 1.21% Li2O and 683ppm Ta2O5 from 25m in LRC135 - 11m at 1.62% Li2O from 29m including 8m at 2.05% Li2O in LRC0265 and - 11m at 1.02% Li2O and 247ppm Ta2O5 from 14m in LRC0132. The Maiden lithium Resource which should be available in May 2017, will be another significant milestone as the Company pursues spodumene production in 2017... On page 6... Step Out Exploration Tawana announced exceptional results from step-out drilling in April 2017. The results came from 115 resource and sterilization RC drill holes totaling 13,652m were completed between 20 February 2017 and 31 March 2017. The exceptional results are extensions to the initial Resource estimation which is expected to be completed by the end of April along with the Feasibility Study. Significant lithium intercepts included: &bull 35m at 1.35% Li2O from 71m, including 10m at 1.62% Li2O, 6m at 1.61% Li2O and 6m at 1.75% Li2O in LRC0247 &bull 28m at 1.34% Li2O and 343ppm Ta2O5 from 92m including 12m at 2.06% Li2O and 464ppm Ta2O5 in LRC0226 &bull 12m at 1.16% Li2O from 95m and 11m at 1.96% Li2O from 131m including 5m at 3.14% Li2O in LRC0237 (also see tantalum intercepts below) &bull 26m at 1.13% Li2O and 309ppm Ta2O5 from 17m including 5m at 1.99% Li2O in LRC0187 and &bull 12m at 1.64% Li2O and 219ppm Ta2O5 from 85m in LRC0229. Significant tantalum pentoxide intercepts included: &bull 4m at 14,782ppm (14.78kg/t) Ta2O5 and 9,974ppm Nb2O5 from 78m in LRC0237 &bull 8m at 2,468ppm Ta2O5 from 27m including 2m 7,022ppm (7.02kg/t) Ta2O5 and 0.82% Li2O in LRC0317 &bull 4m at 1,246ppm Ta2O5 from 47m including 1m at 4,211ppm Ta2O5 in LRC0318 &bull 11m at 729ppm Ta2O5 and 1.72% Li2O from 134m in LRC0222 and &bull 6m at 976ppm Ta2O5 and 1.63% Li2O from 154m in LRC0224. Resource work is currently underway to facilitate starter pit design and mine scheduling. These results are outside the starter pit design and are expected to significantly increase the initial Resource. Tawana increased the drilling fleet to five rigs as the extent of the spodumene pegmatites continued to expand.      
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EmmGru
Veteran |
08-May-2017 18:16
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How u estimate 120%? I am curious. Is it becos Taw got other land? But they stated they delay all other projects to work on Bald hill first. And those other land haven' t go thro exploratory drilling etc can support a high FV? Hotcopper forummers are quite TL abt their share px but they may not be BB lah, TL also no use.   Think Taw getting short attack becos px weak after CR and commodity prices are weak overall. U see the A$ to S$ weaken from 1.06 to 1.05 becos it is a resource heavy currency. So Taw share px may not be better reference. It is going thro a short phase like AMAL. And Aussie mkt got many lithium counters.... the investor interest will get diluted lah. And totally agree w u, think risktaker talking down AMAL to find good entry.... hahaha... 
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didisiaosiao
Master |
08-May-2017 18:15
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Try harder....... Hahaha...... E boat is leaving very soon....... Better get onboard!!!!
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RedEye1811
Master |
08-May-2017 18:07
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Oh Windbag you back again...still never willing to answer the questions I put to you...just like to leave smelly wind behind....toilet is just by the exit...perhaps use it on way out rather than foul up air....
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Wind22i
Supreme |
08-May-2017 17:59
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If every few days drop 7 to 10%..then can anybody guess by end june - what will the price be? | ||||
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RedEye1811
Master |
08-May-2017 17:54
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If it goes below 30c tomorrow then great....getting ever closer to entry points where I feel confident to accummulate more...this is a marathon not a sprint...heck, if you invested into Apple way back in the day (pre-2000) and hit the panic button at first retracing then guess how much missed out on...and please do not try and saying linking Apple to this counter....just an illustration...
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risktaker
Supreme |
08-May-2017 17:40
Yells: "Posts are opinions. Do not take it as investment advise " |
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Tmr we try below 30 ok?
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RedEye1811
Master |
08-May-2017 17:39
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That is definitely your prerogative and choice....by July 31st 2017 when the JORC must be completed at latest (as per terms and conditions of the off-take agreement) then everything should be much clearer. As they got to July 31 then you may be in for a long wait....
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RedEye1811
Master |
08-May-2017 17:30
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Bro: Relax before you give yourself a stroke. As you said " this is my guess" , and that is all it is. You are simply " guessing" . First, as per the Burwill/TAW/AMAL announcements, a JORC does not have to be done till July 31st. So what we are waiting on at moment is not the JORC but the feasibility study that as stated in respective announcements and newspaper articles they now hoping it be out in May. Okay, they initially had projected April but they never guaranteed it. So they now hoping May. When in May they never given a specific date. Why the delay is simply guessing. Could be any reason from good to bad. Perhaps it delayed because they got such good results they wish to make certain it not an anomaly or they made an error. If you come out saying " hey I found 7.0% lithium" how many skeptics going to crawl out? Lots. So do not automatically assume negative. Double checking results to ensure it right may just be a reasonable answer on why delayed. Yes, that speculation also. Till we know fact on delay etc kicking up the dirt with speculation adds zero value so best be cool and be patient. Second, why add 2 extra drills and pour more money down drain and negotiate an off-take if results not feasible? Your speculation is contradictory. If business operated with the mentality as you suggest (that is, drilled in April but could not find anything so to save face I will add more drills and incur more cost) everyone will go out of business. So you are running a restaurant and it not doing well as only serves 50 customers a day. So your solution is we bring on more chefs and waiters and hope to heck we get more customers. Please, it is illogical.
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risktaker
Supreme |
08-May-2017 17:26
Yells: "Posts are opinions. Do not take it as investment advise " |
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Can only buy when JORC report is out now.... cannot believe CEO words 100%... the 200M deal bigger than market cap tells u hes trying to paint a picture perfect.. | ||||
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Speedy
Senior |
08-May-2017 17:20
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N. Korea also deployed many missles but how many is working and dummy?
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Atom99
Master |
08-May-2017 17:17
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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Agree.Always DYOR and DYODD.Your "smell something not rite." Oh! Really?
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qq1234
Member |
08-May-2017 17:08
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Hope they can work harder tmr
Lol
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risktaker
Supreme |
08-May-2017 17:07
Yells: "Posts are opinions. Do not take it as investment advise " |
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There are 2 block of the share
1) 1st block dont need approval n already listed out today. 2) need month end approval. I am not worried about the placement .....shouldnt have any issue I am worried abt JORC report..... if result is good and mineral is plenty i think u dont need 5 drill.... becos it is so much that any drill can easily find the needed mineral to make the project feasible.... I am guessing the april drill which suppose to be out cannot justified the project therefore it is delay to may with additional 2 drills.... But seems like Tawana is rushing and hope to drill more holes so that JORC report could show this project is feasible and also to meet its 13MT 1.2% lithium according to burwill agreement.... And from the agreement both TAW and AML will have to refund the 7.5M they have recieved so far.... Anyway this is my guess.... pls DYODD.... i smell something not right...
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tankookoo
Master |
08-May-2017 17:04
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in case tonight got announcement, safer to buy back, no naked shorts. |
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tankookoo
Master |
08-May-2017 17:02
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q-ing to cover back 32.5  |
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tankookoo
Master |
08-May-2017 16:58
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i buy 21 cents...
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Speedy
Senior |
08-May-2017 16:54
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why no 29c? |
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amlithiumpower
Senior |
08-May-2017 16:53
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Ha.. patience bro. Before Tawana meeting to spprove the capital raising. No good news how to approve 25c placement right? Ha...
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risktaker
Supreme |
08-May-2017 16:49
Yells: "Posts are opinions. Do not take it as investment advise " |
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20c i will buy.... no kidding
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