| Latest Forum Topics / Alita Resources Last:0.078 -- |
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alliance mineral resources move up
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EmmGru
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26-Apr-2017 09:22
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welcome, today we are receiving dollops of good news, no need to be scared of voluntary suspension. U wait, later there will be many posts from the shortists bros saying the sky will fall down. Relax and pay no attention.
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Atom99
Master |
26-Apr-2017 09:18
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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Agree.For Tawana they are talking abt CR.AMAL most likely another offtake agreement on Tantalum.That will be great 👍 .
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timothylim890
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26-Apr-2017 09:18
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So amusing that you and Atom posted the same thing. Indeed TAW/AMAL have secured a good price for the product (US$147 per % concentration vs. US$109 per & concentration for Galaxy).
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risktaker
Supreme |
26-Apr-2017 09:17
Yells: "Posts are opinions. Do not take it as investment advise " |
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For the plan... Alliance and Tawana together need around 50M for this project to go ahead.... therefore Fund raising is needed....better call cannacord for placement share haha I expect Placement shares to be issued at 27 to 30 cents for alliance issuing around 80-100m and Tawana around 24-25c for around 100m share |
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sheerluck
Supreme |
26-Apr-2017 09:16
Yells: "Work for your money first then let your money work for you" |
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Just use their 18 April exploration znnouncement results which is the best so far.
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EmmGru
Veteran |
26-Apr-2017 09:16
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aiyah sorry I haven' t see your post then also quoted the same post great minds think alike! and the forummers at hotcopper really very informed and steady rite. 
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RedEye1811
Master |
26-Apr-2017 09:16
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jazzzkk: Bro, I think you may be on right track....Burwill announcement says it take " at least" 200,000 tonnes over first 2 years and that be " approximately USD200 million" ...the key there is " least" and " approximately. The TAW announcement does not state that agreement is for a given or " least" amount of off-take...they actually use " all production" , and they simply give a value of USD880 per tonne. If re go back to the Canaccord analysis, the analyst suggested 120,000 tonnes year 1 rising to 160,000 year 2. So TAW/AMAL may well produce those number which by TAW announcement (and though not explicitly Burwill) then that means if assuming numbers right that Year 1 120,000 tonnes * USD880 = 105.6 million and Year 2 160,000 * USD880 tonnes = 140.8 million. So for first 2 years revenue of USD246.4 million. So while we may focus on Burwill announcement we should look at language in TAW which means end up more in total....so may not be any real information gap..just use of phrasing.
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c3_jail
Senior |
26-Apr-2017 09:15
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For contra player, if no fund then what will be happen after already pass t+3 settlement day? Become contra loss?
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EmmGru
Veteran |
26-Apr-2017 09:14
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Copy and paste from one of the hotcopper posts: https://hotcopper.com.au/threads/ann-lithium-offtake-agreement-and-prepayment.3380997/page-3?get_post=true& direction=previous#.WP_0FYh97IU 6% at USD$880 6.8% at USD$1000 ($15 for every 0.1% increase) GXY 5,5% at USD$600 1. In case anyone is wondering why is it $880 and not $1,000, it' s because the percentage concentrate Burwill uses 6.8% concentrate and Tawana uses 6% concentrate. Essentially the deal is the same. 2. Tawana has secure a better deal - better grade and at higher price than Galaxy, making it now one of the finest lithium explorer turn producer in WA. Even more remarkable is the fact no one see this coming, especially none of the explorers or producers ever include Tawana in their most recent competitor analysis. In such a short spam of time, this is another testament of the management team. Very nice and all the best to all holders. |
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chanbs
Elite |
26-Apr-2017 09:13
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thanks for the good useful info ....
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Atom99
Master |
26-Apr-2017 09:10
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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Reposted here,thread taken from a forummer at hotcopper.com
"http://www.hkexnews.hk/listedco/listconews/sehk/2017/0420/LTN201704201001.pdf 6% at USD$880 6.8% at USD$1000 ($15 for every 0.1% increase) GXY 5,5% at USD$600 1. In case anyone is wondering why is it $880 and not $1,000, it's because the percentage concentrate Burwill uses 6.8% concentrate and Tawana uses 6% concentrate. Essentially the deal is the same. 2. Tawana has secure a better deal - better grade and at higher price than Galaxy, making it now one of the finest lithium explorer turn producer in WA. Even more remarkable is the fact no one see this coming, especially none of the explorers or producers ever include Tawana in their most recent competitor analysis. In such a short spam of time, this is another testament of the management team. Very nice and all the best to all holders."
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furnaces
Veteran |
26-Apr-2017 09:10
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I suspect it will be tantalum offtake also. Capital raising is needed by Tawana to fulfil the JV obligations. Don't need AMAL to suspend along with it.
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amlithiumpower
Senior |
26-Apr-2017 09:10
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Good point. This is called the flushing for weak holders and bear trap for shortists. Coupled with trading halt and now suspension, the invisible hand had played the cards very well.
Perhaps someone can find a counter that has suspended for a good cause and they ultimate GAP up when released. Ha...
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timothylim890
Veteran |
26-Apr-2017 09:09
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Good point on FMG, thanks for sharing. At least that gives us some peace of mind concerning Burwill.
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amlithiumpower
Senior |
26-Apr-2017 09:05
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As usual, suspension cause panic for those who on contra and short sell. Not for the longlists. Ha... now they hope and pray that such a suspension announcement can help to prey on those who are weak to sell off their holdings in order to contain the market price from sky rocketing.
Screening through tawana announcement, they specially mentioned Burwill experience by prepayment for Fortescue Metals Group 5 years contract and it is completed. If those who do not trust AM/ Tawana, we can at least trust a company that has incorporated in 1949. Moreover, they announced on 20 April 17 their intention to invest in lithium carbonate plant so that can process AM's lithium concentrate into lithium carbonate which is currently commanding a higher premium in China. |
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Atom99
Master |
26-Apr-2017 09:03
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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The first announcement by AMAL this morning abt..offtake agreement,I guess it may be related to Tantalum and not referring to Burwill's offtake agreement.At this point in time, except Lithium,AMAL owns 100% of other minerals.
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EmmGru
Veteran |
26-Apr-2017 09:02
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what disclaimer? where?
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EmmGru
Veteran |
26-Apr-2017 09:00
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status is suspended... becos it is suspended?   hahahahaha. Alamak chill lah bro u sound very panicky when it is all good news.
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RedEye1811
Master |
26-Apr-2017 08:58
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Refer to the ASX announcement by TAW and you can see...see page 2...http://www.asx.com.au/asxpdf/20170426/pdf/43hqvms3c51lf8.pdf
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EmmGru
Veteran |
26-Apr-2017 08:56
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The day it dropped to 26 cents it rebounded back to 33 cents, same day. Blistering rocket burn all the shortist pain pain Then next day from 33 cents it went down to 31.5 cents, shortist tried to sell down but price very supported. End of that day halted. Dun scare yourself lah, the price movement u recall must be taken in context and in sequence. I should go back reflect how come I memorise all the price movement already hor... stare at this share non-stop for weeks hahaha
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