| Latest Forum Topics / Alita Resources Last:0.078 -- |
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alliance mineral resources move up
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risktaker
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26-Apr-2017 15:51
Yells: "Posts are opinions. Do not take it as investment advise " |
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just sharing from HotCopper a post regarding this offtake.... 1) this offtake is the first offtake for Galaxy Resources seems Alliance is way ahead of its competitors https://newswire.iguana2.com/af5f4d...Second_Offtake_Signed_and_Prepayment_Received   2. High recovery - Tawana at 93.4% - so yes 6.8% why not. https://newswire.iguana2.com/af5f4d...ng_Metallurgical_Results_at_the_Bald_Hil_Mine 3. Question is not about the grade, question is how quick to production. Name me another explorer that is going into production in Oct 17 for shipment in Q1 2018. Sure the truth is there might be delay but who else have made such announcements. Here' s to keeping it factual.   ----------------------------------------------- Looks like we going to rocket soon ------------------------------------------   For the Alliance !!! |
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risktaker
Supreme |
26-Apr-2017 15:30
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Highlights  A fixed price for all production from no later than 15 March 2018 up to 31 December 2019 of US$880/t (FOB Esperance) for 6% Li2O. The offtake agreement provides for an attractive fixed price in US dollars per dry metric tonne for the first 2 years of the Agreement, subject to adjustments for grade. A$12,500,000 prepayment, of which A$3,750,000 has been received with the final two instalments to be received on 15 July 2017 and 15 September 2017 respectively. o Funds to be used towards the capital and operational costs of the Bald Hill Project. o Prepayment is interest free and to be repaid from 20% of each lithium concentrate shipment until the prepayment has been repaid. o Joint Venture Partner Alliance Mineral Assets Limited (AMA) has executed a separate offtake agreement with Burwill on the same terms making the total prepayment A$25,000,000. First deliveries targeted for first quarter of 2018 file:///C:/Users/FM2032/Downloads/6A818089_TAW.pdf |
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risktaker
Supreme |
26-Apr-2017 14:28
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From Tawana Announcement..... i love this part Tantalum concentrates are excluded and separate discussions are underway with potential off take parties. Bald Hill has a proven track record of producing high grade non Class 7 tantalum concentrates with low levels of impurities.  |
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risktaker
Supreme |
26-Apr-2017 13:35
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Good point... i think its time for them to consider
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Atom99
Master |
26-Apr-2017 13:33
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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It would be a good platform for Temasek to ride onto AMAL.Considering Lithium is the next 'white gold'.There is no turning back for Lithium if you hv read widely.China is going faster than any countries in the world scooping up all the Lithium that they can get hold of.They are going 'green' consider the pollution that are facing now.
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amlithiumpower
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26-Apr-2017 13:03
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It's Accuron MedTech, sorry for the typo.
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amlithiumpower
Senior |
26-Apr-2017 13:02
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Guys, accruing MedTech, a division of Accuron Technologies Limited, a wholly-owned subsidiary of Temasek Holdings, has led an investment totalling if $11.2m into AWAK Technologies, a Singapore metech start-up.
http://www.dealstreetasia.com/stories/59661-59661/ So please do not discount that Temasek will not be interested in AM due to its MC. As mentioned, it will soon be Singapore first-listed Lithium producer and It will be on its radar.
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Atom99
Master |
26-Apr-2017 12:57
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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On 26 Oct 2016, during the AGM meeting,I did ask abt whether the company management has met up with Temasek.The reply was that they did met with Temasek but AMAL did not provide more material details. 
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furnaces
Veteran |
26-Apr-2017 12:23
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Agree bro. Capital raising may not be equity issues. Can be bank loan as well. Haha just need to " endure" to friiday morning, then we will know already. |
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Doffy85
Senior |
26-Apr-2017 12:21
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I am referring to the announcement on September 27 2016... commence intro talks with temasek through stat board company.. they did say no talks have commenced as yet on the announcement.... considering now is already April.. I feel it's possible they have since held talks just don't know if they manage to get any agreement going....
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RedEye1811
Master |
26-Apr-2017 12:09
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Good points Bro...one thing we perhaps need to be mindful about is how close these companies (AMAL and TAW) going to be working hand-in-hand...to maintain that harmony from the outset both AMAL and TAW may have an informal agreement to move step for step - thus if one halts then other halts - till the mine up and running fully so neither got advantage/disadvantage.... It noted TAW is in midst of capital raising but not yet certain AMAL...but due to informal arrangement not to disadantage the other AMAL and TAW remain in TH or suspended together like you said. And whilst the phrase ' capital raising' perhaps implies TAW looking to raise funds though equity issue they could be getting a loan...capital raising not necessarily limits options...so may be keep both companies in holding so if getting a loan being stopped may keep financial institution calm...
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risktaker
Supreme |
26-Apr-2017 12:07
Yells: "Posts are opinions. Do not take it as investment advise " |
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Yes price surely pointing to north... but base on the data we have alliance only have bald hill but Tawana has more lithium project and the is.. they could even explore the land together and form another JV...
Also take note... that there is no exclusive agreement from this offtake... that means they could also have additional offtake agreement as this is not exclusive.. I believe more news ahead... and be ready for 60c soon
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RedEye1811
Master |
26-Apr-2017 11:55
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Why need wait till North Korea issue blow over? Taken a look at AEM share price of late....60% increase since yesterday!! If this counter is anything like AEM which rises 60% when North Korea an issue imagine how far go if North Korea issue non-existent...market on a risk-on trade at moment...would have been nice if it began trading today...then we may have seen a real rocket....
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furnaces
Veteran |
26-Apr-2017 11:52
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Actually this joint venture is quite complex in terms of execution of agreements. Both Alliance and Tawana' s current market capitalisation are almost entire dueto this bald hill lithium tantalum project. Even when doing offtake agreements, Burwill has 2 separate off take agreements with Tawana and Alliance. The payment by Burwill is split to half and paid separately to Alliance and Tawana. You can imagine the legal terms and conditions needed to draft this agreement.  Now come to think about it, it is right to suspend Alliance if Tawana is in the midst of capital raising signing with investors. If Alliance is allowed to trade, and for some reason the trading price isn' t very ideal. Tawana may not be able to negotiate a higher price for capital raising with its investors,since the investors will draw reference from Alliance. Personally I don' t think the capital raising will be a discount to Tawana last traded price. Tawana is probably negotiating a premium price taking into account the offtake agreement. I don' t think it' s Tantalum off take yet. Alliance probably just use offtake as an excuse to suspend first, waiting for Tawana, since they really hasn' t officially announced yet.     |
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pool100
Veteran |
26-Apr-2017 11:44
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Hope they suspend until north korea blows over! |
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jack2906
Veteran |
26-Apr-2017 11:39
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finger cross toe cross... they resume tmr...
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papayaface
Supreme |
26-Apr-2017 11:35
Yells: "This is the best time to enter....when everythings uncertain" |
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Haha, dont think Temasek is interested in a small stake in such a small cap stock. Dont dream of such hope. It is only at the beginning of  the busines and  still alot of risks any  mistake could cost the business to fail.  So please dont oversell the koyok.  Good luck
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stlimst
Master |
26-Apr-2017 11:19
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There is always this possibility. AMA has being propel into the news lately with their lithium find and the huge potential of Bald Hill mines confirmed by the offtake agreement with Burwill. It will attract attention and of course along with that big funds wanting a piece of the action. All these bode well for AMA and Tawana over at ASX side.   Prepare for the ride into unchartered territory. Happy Investing
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Jackwoo
Veteran |
26-Apr-2017 11:16
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Doffy85
Senior |
26-Apr-2017 11:11
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I'm hoping for an update on possible temasek stake.. then this stock really only left one direction liao.. | ||||
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