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alliance mineral resources move up
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furnaces
Veteran |
27-Apr-2017 08:48
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Tawana A$15mil Share placement at A$0.25. Not very impressive considering the offtake agreement. Company negotiated at a discount to Vwap.
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EmmGru
Veteran |
27-Apr-2017 08:35
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http://www.asx.com.au/asxpdf/20170427/pdf/43hs46v537lgnn.pdf Tawana announcement out on Australia stock exchange. Capital raising completed, suspension going to be lifted immediately |
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amlithiumpower
Senior |
27-Apr-2017 08:33
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Wow... CEO let the cat out of the bag via a news reporter rather than SGX announcement. ' But Mr Pramoko plans to start tantalum mining again in August to get the cashflow running, and expects to re-engage Mitsubishi as sole customer. He said: " They are going to sign a contract with me very soon." OMG
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furnaces
Veteran |
27-Apr-2017 08:31
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Straitstimes article today. - Likely Tantalum offtake with Mitsubishi again as exclusive offtake. - Tawana is doing share placement for capital raising - Tantalum mining to start in August to begin cashflow S' pore-listed miner strikes ' milestone' deal for key metal Singapore-listed miner Alliance Mineral Assets could be set to ride a boom in lithium concentrate, a key rechargable battery component. Alliance, together with joint venture partner Tawana, has secured A$25 million (S$26 million) in advance payments from Hong Kong-listed Burwill in exchange for exclusive selling rights to the lithium concentrate from its mine in Western Australia. " This is the biggest milestone the company has made, from a story to a real project," Alliance Mineral chief executive Tjandra Pramoko said of the signing of the deal. If all goes according to plan, the company will see its first revenue from lithium production roll in before its first shipment leaves the port in February next year. The Burwill deal is over lithium concentrate from Australia' s Bald Hill mine, in which Alliance Mineral and Australian-listed Tawana each have a 50 per cent interest. Lithium has become one of the hottest metals in recent years, owing to rising demand for rechargeable lithium-ion batteries in hybrid and electric cars. The scarcity of lithium resources has helped the firm negotiate very favourable terms with Burwill, Mr Pramoko told The Straits Times yesterday. For two years from next February, Burwill has agreed to buy at least 200,000 dry metric tonnes of high- grade lithium concentrate from the Bald Hill mine at US$880 per tonne. The price is subject to an increase or decrease of US$15 per tonne depending on variations in quality. Lithium concentrate pricing is an opaque market, so prices tend to be fixed on a willing buyer and willing seller basis as there is no proper benchmark to track. The average cost of production in Australia is A$400 to A$450 a tonne, but in Bald Hill' s case, the revenue from tantalum - another mineral it mines there - alone can cover for the lithium production, Mr Pramoko said. Although Alliance Mineral has held the mining concession since 2014, it stopped production after selling its last tantalum shipment in February last year as the tantalum market then was bad. But Mr Pramoko plans to start tantalum mining again in August to get the cashflow running, and expects to re-engage Mitsubishi as sole customer. He said: " They are going to sign a contract with me very soon." Another condition of the Burwill deal is that Tawana must have earned its 50 per cent interest in Bald Hill. Mr Pramoko explained: " They have to fulfil a 50 per cent earn-in, in other words, they would have to spend at least A$15 million on the project. With the A$25 million we already have from Burwill, that' s A$40 million in the kitty." Tawana is now raising money through a share placement to fund the earn-in. For now, Mr Pramoko cannot say how much lithium there is in Bald Hill, as Singapore rules require the numbers to be verified by an independent valuer. A report meeting a key official standard is expected to be completed by the end of July. |
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amlithiumpower
Senior |
27-Apr-2017 08:27
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Good find. I dig further and notice the date it was posted was 26 April. There was no announcements emphasing on the 120,000-160,000 ton of concentrate per annum on 26 April. However, 12 Feb announcement of 7.1% grade was captured with the same date of announcement from AM in SGX announcement. I wonder how it was reflect into this MINDEX. Something brewing strong....
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stlimst
Master |
27-Apr-2017 08:22
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Straits Times published a positive article on AMA today in business section on the offtake agreement with Burwill and the planned resurection of their tantulum production. I find it strange that AMA have not disclose these facts in SGX announcement. They should do so today and lift the suspension tomorrow synchronising with Tawana Happy Investing |
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giantgrouper47
Member |
27-Apr-2017 08:15
Yells: "Patience is the way" |
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http://www.straitstimes.com/business/spore-listed-miner-strikes-milestone-deal-for-key-metal | ||||
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c3_jail
Senior |
27-Apr-2017 07:41
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http://www.africanmining.com/news.php?id=4326 |
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Atom99
Master |
26-Apr-2017 23:43
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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Taken this notes below from MINDEX:http://minedexext.dmp.wa.gov.au/minedex/external/common/appMain.jsp " Bald Hill is targeted to come into production early next year at a rate of 120,000-160,000 t of concentrate per annum, with potential operating costs not specified ahead of a currently underway feasibility study... MINEDEX is a continuously updated database containing information on mines, mineral deposits and prospects - with info on:
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papayaface
Supreme |
26-Apr-2017 23:00
Yells: "This is the best time to enter....when everythings uncertain" |
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Haha, never on SGX. When hit 40 cts, broking house already start imposing trading curbs. Btw, has the curbs been removed or when would it be removed ? Otherwise without the speculative element, the price won' t go beyond 40 cts. Good luck
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explosive2013
Master |
26-Apr-2017 22:56
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Yes. i agree. better buy TWTR now. price shoot up 10% now. Twitter released its latest earnings report before opening bell this morning, posting adjusted earnings of 11 cents per share on $548 million in revenue. Analysts had been looking for earnings of 2 cents per share and $517 million in revenue. In last year&rsquo s first quarter, the company posted non-GAAP earnings of 15 cents per share.
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SgTrader17
Elite |
26-Apr-2017 21:31
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I read a number of days on this thread.
Understand that halt is not yet lifted. But ... So many ppl already Counting ... Counting ... Count again ... And again. Please lah. If it is yours, will be yours. And sometimes, don't count e chicks when it is not even hatched. A 30cts stock also can imagine as a $30 stock. (OMG ...) PS: You forget that you are trading on Sgx. |
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furnaces
Veteran |
26-Apr-2017 20:48
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FMG is currently valued at S$17.5billion. If Alliance ever got this big one day, we will be looking at S$36.45 per share based on 480million shares. If it is a dream come true one day, how many can last till then?
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ben_kieran
Member |
26-Apr-2017 17:13
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my bad my bad, thank you. clean slate, i like haha.
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risktaker
Supreme |
26-Apr-2017 17:08
Yells: "Posts are opinions. Do not take it as investment advise " |
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http://fmgl.com.au/investors-media/share-price-and-graphs/ Please use that link and for duration please click Max FMG use to trade around 40c when Burwill contracted them for Iron Ore in 2005..... and it went up to 10 over dollars after Burwill sign the contract with them.... I would say similar run (over a $1 at least) would happen .... if there is no war or major market crash.... |
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risktaker
Supreme |
26-Apr-2017 16:45
Yells: "Posts are opinions. Do not take it as investment advise " |
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http://spcagent.io/taw/wp-content/uploads/sites/26/2017/02/document-2.pdf
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RedEye1811
Master |
26-Apr-2017 16:43
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Bro...see the post from Jackwoo at 11:16am today....sorry you need to scroll to next page...
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RedEye1811
Master |
26-Apr-2017 16:41
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Yes...
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ben_kieran
Member |
26-Apr-2017 16:41
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just a query guys, order type like good till max will get cancelled when AMAL is under suspension status? I also check the market depth, all the queue is 0 now. the behaviour is correct? |
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RedEye1811
Master |
26-Apr-2017 15:58
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Bro...the link for Point 2...when try it get a server error....when was the news item?...do you have a working link...thanks in advance...sorry for any inconvenience but just cannot get the links to work..
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