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risktaker Supreme	08-May-2017 08:19        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	dont worry about papaya hes just a trader only ... hes not BB so dont worry ah papayaface      ( Date: 07-May-2017 18:59) Posted: Haha, it could be otherwise too. Not convincing enough so the find excuse to delay and drill more holes. Haha. Dont be too confident. Nobody want to hold back good news. Good luck VinCny      ( Date: 07-May-2017 16:48) Posted: Hi All, This my first post, sharing and thought on last AMA announcement. 3. AMA was expecting to receive a resource estimate in relation to the exploration results of the Bald Hill Project from the professionals appointed by Tawana in April 2017, as disclosed in its press release dated 3 March 2017. Me- I doubt it will further delay for another 2 months latest should get the result month end The Company has not yet received the aforesaid resource estimate, meanwhile Tawana extended their drilling program for the Bald Hill Project as the extent of the spodumene pegmatites continues to expand. With that, the total number of drill rigs has been increased to five to accelerate the drilling rate. Me - it seem to me they found more and more spodumene pegmatites (continue to expand) Just my thought
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VinCny Member	07-May-2017 22:00        VinCny About Contact  Quote this Post!
x 0   x 0  Alert Admin	You could be right I am vested so I am bias toward up side. papayaface      ( Date: 07-May-2017 18:59) Posted: Haha, it could be otherwise too. Not convincing enough so the find excuse to delay and drill more holes. Haha. Dont be too confident. Nobody want to hold back good news. Good luck VinCny      ( Date: 07-May-2017 16:48) Posted: Hi All, This my first post, sharing and thought on last AMA announcement. 3. AMA was expecting to receive a resource estimate in relation to the exploration results of the Bald Hill Project from the professionals appointed by Tawana in April 2017, as disclosed in its press release dated 3 March 2017. Me- I doubt it will further delay for another 2 months latest should get the result month end The Company has not yet received the aforesaid resource estimate, meanwhile Tawana extended their drilling program for the Bald Hill Project as the extent of the spodumene pegmatites continues to expand. With that, the total number of drill rigs has been increased to five to accelerate the drilling rate. Me - it seem to me they found more and more spodumene pegmatites (continue to expand) Just my thought
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furnaces Veteran	07-May-2017 19:27        furnaces About Contact  Quote this Post!
x 0   x 0  Alert Admin	EV sales growth may be grossly underestimated by most analysts. https://www.bloomberg.com/news/articles/2017-05-04/electric-car-sales-are-suddenly-taking-off-in-europe
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papayaface Supreme	07-May-2017 18:59        papayaface About Contact  Quote this Post!   Yells: "This is the best time to enter....when everythings uncertain"
x 0   x 0  Alert Admin	Haha, it could be otherwise too. Not convincing enough so the find excuse to delay and drill more holes. Haha. Dont be too confident. Nobody want to hold back good news. Good luck VinCny      ( Date: 07-May-2017 16:48) Posted: Hi All, This my first post, sharing and thought on last AMA announcement. 3. AMA was expecting to receive a resource estimate in relation to the exploration results of the Bald Hill Project from the professionals appointed by Tawana in April 2017, as disclosed in its press release dated 3 March 2017. Me- I doubt it will further delay for another 2 months latest should get the result month end The Company has not yet received the aforesaid resource estimate, meanwhile Tawana extended their drilling program for the Bald Hill Project as the extent of the spodumene pegmatites continues to expand. With that, the total number of drill rigs has been increased to five to accelerate the drilling rate. Me - it seem to me they found more and more spodumene pegmatites (continue to expand) Just my thought. furnaces      ( Date: 07-May-2017 15:01) Posted: Personally i think crossing 12MT at 1.1% li2o is not an issue. Should hit an initial estimate of 20-30MT. There must be a reason they are deploying 5 drill rigs. Positive reason  = If they want to get more resources to begin with a  2mtpa production (all huat ah) Negative reason = they didn' t actually have enough lithium resources, so need use 5 drill rigs to try to hit the initial resource estimate (die liao)
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c3_jail Senior	07-May-2017 18:55        c3_jail About Contact  Quote this Post!
x 0   x 0  Alert Admin	VinCny      ( Date: 07-May-2017 18:47) Posted: Yes yes c3_jail      ( Date: 07-May-2017 18:45) Posted: Supporter AMA
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VinCny Member	07-May-2017 18:47        VinCny About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes yes c3_jail      ( Date: 07-May-2017 18:45) Posted: Supporter AMAL VinCny      ( Date: 07-May-2017 18:17) Posted: https://www.facebook.com/attn/videos/1343675249001264/
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c3_jail Senior	07-May-2017 18:45        c3_jail About Contact  Quote this Post!
x 0   x 0  Alert Admin	Supporter AMAL VinCny      ( Date: 07-May-2017 18:17) Posted: https://www.facebook.com/attn/videos/1343675249001264/
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VinCny Member	07-May-2017 18:17        VinCny About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.facebook.com/attn/videos/1343675249001264/
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VinCny Member	07-May-2017 18:16        VinCny About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.facebook.com/jasonlsk/posts/10155215187239654
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VinCny Member	07-May-2017 16:48        VinCny About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi All, This my first post, sharing and thought on last AMA announcement. 3. AMA was expecting to receive a resource estimate in relation to the exploration results of the Bald Hill Project from the professionals appointed by Tawana in April 2017, as disclosed in its press release dated 3 March 2017. Me- I doubt it will further delay for another 2 months latest should get the result month end The Company has not yet received the aforesaid resource estimate, meanwhile Tawana extended their drilling program for the Bald Hill Project as the extent of the spodumene pegmatites continues to expand. With that, the total number of drill rigs has been increased to five to accelerate the drilling rate. Me - it seem to me they found more and more spodumene pegmatites (continue to expand) Just my thought. furnaces      ( Date: 07-May-2017 15:01) Posted: Personally i think crossing 12MT at 1.1% li2o is not an issue. Should hit an initial estimate of 20-30MT. There must be a reason they are deploying 5 drill rigs. Positive reason  = If they want to get more resources to begin with a  2mtpa production (all huat ah) Negative reason = they didn' t actually have enough lithium resources, so need use 5 drill rigs to try to hit the initial resource estimate (die liao)   Atom99      ( Date: 07-May-2017 14:42) Posted: Time will tell.( In two months time, Key is DFS and maiden resource estimate,offtake  agreement required that   a 12 MT @1.1 Li2O by July  2017)  http://www.miningfeeds.com/lithium-mining-report-australia https://www.linkedin.com/pulse/lithium-supply-demand-equilibriums-2020-part-1-how-much-fouad?trk=mp-reader-card
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EmmGru Veteran	07-May-2017 15:49        EmmGru About Contact  Quote this Post!
x 0   x 0  Alert Admin	The tantalum supposed to offset their production cost in full.... the existing tantalum mine gives them a leg up in constructing the lithium mine... they are leveraging on AMAL' s failed tantalum mine which was not free also... AMAL just reaping benefit from the earlier tantalum investment i.e. could have been a complete write-off but saved by the lithium find. AMAL give up some of the spot price upside in exchange for price stability for 2 years. Burwill also need to benefit from the contract, something for everybody. Anyway AMAL get good fixed price, probably already priced in some of the expected increase in spot price for next 2 years. furnaces      ( Date: 07-May-2017 15:41) Posted: Yeah, so the upcoming DFS and JORC resource estimate should determine. IMO, they had  a very good offtake agreement. Given the huge profit  margin, between the estimated production cost and the offtake price, it suggests that even if the price of spodumene drops after first 2 years, the mine operation is very likely still very profitable. The flip side is, if spodumene price surge like crazy, they will not be able to profit from the rise, at least for the first 2 years. EmmGru      ( Date: 07-May-2017 15:34) Posted: The thing is to catch the lithium boom at rite time i.e. it is very hot rite now. If 2mtpa can be justified then they really should escalate and go for it. But they need to be sure before ramping up.
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furnaces Veteran	07-May-2017 15:41        furnaces About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yeah, so the upcoming DFS and JORC resource estimate should determine. IMO, they had  a very good offtake agreement. Given the huge profit  margin, between the estimated production cost and the offtake price, it suggests that even if the price of spodumene drops after first 2 years, the mine operation is very likely still very profitable. The flip side is, if spodumene price surge like crazy, they will not be able to profit from the rise, at least for the first 2 years. EmmGru      ( Date: 07-May-2017 15:34) Posted: The thing is to catch the lithium boom at rite time i.e. it is very hot rite now. If 2mtpa can be justified then they really should escalate and go for it. But they need to be sure before ramping up. furnaces      ( Date: 07-May-2017 15:28) Posted: Consider all possibility mah haha. If DFS suggests a possible 2mtpa production for a beginning, then its a  different ballgame already. We will be looking at 240k - 320k spodumene concentrate yearly instead of 120k - 160k.
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didisiaosiao Master	07-May-2017 15:35        didisiaosiao About Contact  Quote this Post!
x 0   x 0  Alert Admin	The DFS will be out in july? furnaces      ( Date: 07-May-2017 15:28) Posted: Consider all possibility mah haha. If DFS suggests a possible 2mtpa production for a beginning, then its a  different ballgame already. We will be looking at 240k - 320k spodumene concentrate yearly instead of 120k - 160k. EmmGru      ( Date: 07-May-2017 15:20) Posted: Haha your negative reason is possible but underestimates Mark Calderwood. If its like tat then I' m sure he has courage to pull the plug and walk away. Tawana' s expenditure is voluntary at present, cheaper to cut-loss. Posting tis for reading pleasure only: Buffet live at Berkshire 2017 annual meeting. http://blogs.ft.com/the-world/liveblogs/2017-05-04/?ft_site=falcon& desktop=true
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EmmGru Veteran	07-May-2017 15:34        EmmGru About Contact  Quote this Post!
x 0   x 0  Alert Admin	The thing is to catch the lithium boom at rite time i.e. it is very hot rite now. If 2mtpa can be justified then they really should escalate and go for it. But they need to be sure before ramping up. furnaces      ( Date: 07-May-2017 15:28) Posted: Consider all possibility mah haha. If DFS suggests a possible 2mtpa production for a beginning, then its a  different ballgame already. We will be looking at 240k - 320k spodumene concentrate yearly instead of 120k - 160k. EmmGru      ( Date: 07-May-2017 15:20) Posted: Haha your negative reason is possible but underestimates Mark Calderwood. If its like tat then I' m sure he has courage to pull the plug and walk away. Tawana' s expenditure is voluntary at present, cheaper to cut-loss. Posting tis for reading pleasure only: Buffet live at Berkshire 2017 annual meeting. http://blogs.ft.com/the-world/liveblogs/2017-05-04/?ft_site=falcon& desktop=true
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furnaces Veteran	07-May-2017 15:28        furnaces About Contact  Quote this Post!
x 0   x 0  Alert Admin	Consider all possibility mah haha. If DFS suggests a possible 2mtpa production for a beginning, then its a  different ballgame already. We will be looking at 240k - 320k spodumene concentrate yearly instead of 120k - 160k. EmmGru      ( Date: 07-May-2017 15:20) Posted: Haha your negative reason is possible but underestimates Mark Calderwood. If its like tat then I' m sure he has courage to pull the plug and walk away. Tawana' s expenditure is voluntary at present, cheaper to cut-loss. Posting tis for reading pleasure only: Buffet live at Berkshire 2017 annual meeting. http://blogs.ft.com/the-world/liveblogs/2017-05-04/?ft_site=falcon& desktop=true furnaces      ( Date: 07-May-2017 15:01) Posted: Personally i think crossing 12MT at 1.1% li2o is not an issue. Should hit an initial estimate of 20-30MT. There must be a reason they are deploying 5 drill rigs. Positive reason  = If they want to get more resources to begin with a  2mtpa production (all huat ah) Negative reason = they didn' t actually have enough lithium resources, so need use 5 drill rigs to try to hit the initial resource estimate (die liao)
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EmmGru Veteran	07-May-2017 15:20        EmmGru About Contact  Quote this Post!
x 0   x 0  Alert Admin	Haha your negative reason is possible but underestimates Mark Calderwood. If its like tat then I' m sure he has courage to pull the plug and walk away. Tawana' s expenditure is voluntary at present, cheaper to cut-loss. Posting tis for reading pleasure only: Buffet live at Berkshire 2017 annual meeting. http://blogs.ft.com/the-world/liveblogs/2017-05-04/?ft_site=falcon& desktop=true furnaces      ( Date: 07-May-2017 15:01) Posted: Personally i think crossing 12MT at 1.1% li2o is not an issue. Should hit an initial estimate of 20-30MT. There must be a reason they are deploying 5 drill rigs. Positive reason  = If they want to get more resources to begin with a  2mtpa production (all huat ah) Negative reason = they didn' t actually have enough lithium resources, so need use 5 drill rigs to try to hit the initial resource estimate (die liao)   Atom99      ( Date: 07-May-2017 14:42) Posted: Time will tell.( In two months time, Key is DFS and maiden resource estimate,offtake  agreement required that   a 12 MT @1.1 Li2O by July  2017)  http://www.miningfeeds.com/lithium-mining-report-australia https://www.linkedin.com/pulse/lithium-supply-demand-equilibriums-2020-part-1-how-much-fouad?trk=mp-reader-card
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furnaces Veteran	07-May-2017 15:01        furnaces About Contact  Quote this Post!
x 0   x 0  Alert Admin	Personally i think crossing 12MT at 1.1% li2o is not an issue. Should hit an initial estimate of 20-30MT. There must be a reason they are deploying 5 drill rigs. Positive reason  = If they want to get more resources to begin with a  2mtpa production (all huat ah) Negative reason = they didn' t actually have enough lithium resources, so need use 5 drill rigs to try to hit the initial resource estimate (die liao)   Atom99      ( Date: 07-May-2017 14:42) Posted: Time will tell.( In two months time, Key is DFS and maiden resource estimate,offtake  agreement required that   a 12 MT @1.1 Li2O by July  2017)  http://www.miningfeeds.com/lithium-mining-report-australia https://www.linkedin.com/pulse/lithium-supply-demand-equilibriums-2020-part-1-how-much-fouad?trk=mp-reader-card furnaces      ( Date: 07-May-2017 14:19) Posted: Tawana is taking a lot of risk right now. If the Binding offtake agreement with Burwill fails, they are legally liable for everything if the fault is on them. Alliance will take a hit but hey they own the mine. So finding another partner is possible. Apart from the initial A$20mil, every other costs is split on 50% basis, meaning they have to put more than A$20mil actually. Price should converge once they start production or closer to production. Or once they officially earned the JV agreement. Not to mention tantalum credit doesn't belong to them yet
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Atom99 Master	07-May-2017 14:42        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	Time will tell.( In two months time, Key is DFS and maiden resource estimate,offtake  agreement required that   a 12 MT @1.1 Li2O by July  2017)  http://www.miningfeeds.com/lithium-mining-report-australia https://www.linkedin.com/pulse/lithium-supply-demand-equilibriums-2020-part-1-how-much-fouad?trk=mp-reader-card furnaces      ( Date: 07-May-2017 14:19) Posted: Tawana is taking a lot of risk right now. If the Binding offtake agreement with Burwill fails, they are legally liable for everything if the fault is on them. Alliance will take a hit but hey they own the mine. So finding another partner is possible. Apart from the initial A$20mil, every other costs is split on 50% basis, meaning they have to put more than A$20mil actually. Price should converge once they start production or closer to production. Or once they officially earned the JV agreement. Not to mention tantalum credit doesn't belong to them yet? risktaker      ( Date: 07-May-2017 12:12) Posted: This is the only red light i found.... all others seems so perfect no
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EmmGru Veteran	07-May-2017 14:42        EmmGru About Contact  Quote this Post!
x 0   x 0  Alert Admin	Until the feasibility and resource report is out, can only speculate, won' t know for sure. But just sharing my view based  on qualitative factors: 1. Tawana' s expenditure on the project is in a sense voluntary - if they meet their expenditure commitment they earn their 50% share... if they choose to walk away if they don' t think the project is promising they can always do so... based on AMAL' s 18 Apr 17 announcement they found strong lithium and tantalum results from extensional drilling and Tawana Resources Managing Director Mark Calderwood stated: &ldquo Recent significant drill intercepts from step-out drilling has shown the Bald Hill pegmatites are displaying unusually strong zonation, evidenced by spectacularly rich spodumene and tantalum mineralisation. This level of zonation is the preserve of the most complex pegmatite fields (such as Greenbushes and Wodgina) and has prompted the increase in the number of drill rigs" ... (to 5). Hence as long as Tawana keeps up their expenditure and even escalates the pace of exploration (and spending) by increasing no. of drill rigs... I take it as +ve sign. 2. Burwill' s first instalment payment of A$7.5m (AMAL' s share $3.75m) is not refundable and can only be offset against purchase price of lithium concentrate. Production supposed to start Feb or Mar 2018, so Burwill is advancing more than 1 year in advance. Nobody throws away tis kind of money recklessly. Burwill is experienced with track record of successful offtake to completion with another mine before. Dunno wat info Burwill reviewed but I assume they must have received something. furnaces      ( Date: 07-May-2017 14:13) Posted: No problem bro. Im doing some valuation calculation to see if to invest more into it. So just came across this resource. And it seems like Bald Hill mine project is even bigger than galaxy resources Mt cattlin project. Based on the exploration target set, if achieved though. Definitely smaller than greenbushes mine but it's big enough. timothylim890      ( Date: 07-May-2017 11:44) Posted: Very useful, thanks!
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furnaces Veteran	07-May-2017 14:19        furnaces About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tawana is taking a lot of risk right now. If the Binding offtake agreement with Burwill fails, they are legally liable for everything if the fault is on them. Alliance will take a hit but hey they own the mine. So finding another partner is possible. Apart from the initial A$20mil, every other costs is split on 50% basis, meaning they have to put more than A$20mil actually. Price should converge once they start production or closer to production. Or once they officially earned the JV agreement. Not to mention tantalum credit doesn't belong to them yet? risktaker      ( Date: 07-May-2017 12:12) Posted: This is the only red light i found.... all others seems so perfect now risktaker      ( Date: 07-May-2017 12:10) Posted: Ya i agree.... buy and hold alliance is worth 0.60 to 1.00 by 2018.... But funny thing is australia doesnt seems to be confident with Tawana.... it last traded price is 23.5c such a big gap.. really this is one issue that stopped me from buying alliance... Back in late 2016 to early 2017... Tawana is higher...now alliance is higher.... it seems investors doesnt like tawana bald hill project.
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