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alliance mineral resources move up
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EmmGru
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25-Apr-2017 22:27
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yeah I' m going to wait until 11 plus, tats the time they put up an announcement last time. Then sleep early if no announcement so catch it early tomorrow Open tomorrow is good time when Dow green overnite 
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Steady28
Senior |
25-Apr-2017 22:25
Yells: "huat ah" |
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i kept refreshing sgx annoucement page... now dow had already broken the 21k mark, lingering thereabout. nasdaq and s& p all green also. hope that this one can be like green hulk in AEM' s case today. |
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timothylim890
Veteran |
25-Apr-2017 20:58
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That wasn' t a rise bro. That was a rocket.
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jack2906
Veteran |
25-Apr-2017 20:57
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tmr eat rice or porridge depending on how the share price moving~
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RedEye1811
Master |
25-Apr-2017 20:54
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Just hope that the trading when TH finished is like AEM today...LOL...now that was one rise... 
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amlithiumpower
Senior |
25-Apr-2017 20:52
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Interesting day tomorrow.
Forces of buy-In, Force-selling, new influx of Traders plus positive French elections news hang over for AM. Poor Brokers... tmr will be busy keying orders for those brokerages with trading restrictions. Price movements might be sudden and violent. AM is no longer a counter for the weak heart...
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risktaker
Supreme |
25-Apr-2017 20:47
Yells: "Posts are opinions. Do not take it as investment advise " |
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Guys go sleep n wake up 730am the annc will be there :) | ||||
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EmmGru
Veteran |
25-Apr-2017 20:46
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Aiyah these are Australians from established Australian co working on mine in their own country. And production by Feb 2018. Want to run scam also not so stupid shit on their home turf and give themselves so short time to run away le.
Scent of sour grapes ... anyway I think all our shortist visitors will secretly long AMAL and just dun tell us lah hahaha they just really need to buy cheaper to cover loss from short
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Atom99
Master |
25-Apr-2017 20:45
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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Correction. Is should be S$ 3.934Millions.
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Atom99
Master |
25-Apr-2017 20:39
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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whether scam or no scam AMAL will registered a revenue of A$3.934 Millions for the 4th Qtr. That' s for the 50% share of the Burwill Holding Limited payment of A$7.5 millions. https://twitter.com/globallithium?lang=en
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risktaker
Supreme |
25-Apr-2017 20:36
Yells: "Posts are opinions. Do not take it as investment advise " |
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Think mr wind could be the one that short 160.... lol... think BB will try to make him regret
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timothylim890
Veteran |
25-Apr-2017 20:10
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Bro why do you even bother with this guy 
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RedEye1811
Master |
25-Apr-2017 20:08
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Interesting article...but whilst one business venture may be a scam that does not in anyway imply all, the majority or even a reasonable proportion are...yes, there is always the possibility of issues but if we thought everything was a scam nobody make money...so people need to due diligence and caution but just because one egg is rotten in a carton of a dozen eggs means all eggs rotten...
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Wind22i
Supreme |
25-Apr-2017 20:02
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High in the Andes, in northwest Argentina, stories are told of fortunes being made in lithium, the wonder metal inside iPhones to Teslas that has captivated global investors from Warren Buffett down.
This is not one of those stories. It begins in the lithium-rich salt pans of Argentina?s Salta Province and stretches all the way to South Korea and Hong Kong, leaving a trail of lawsuits and unhappy investors. The drama reinforces a timeless lesson about sinking money into natural resources: Chasing the latest rush, whether in lithium, uranium or oil, is a high-risk game. Just five years ago, investors were told that lithium mining company Lithea Inc. soon might be worth $1.4 billion. But last month, after various legal wrangles, a Hong Kong court ordered the assets of a businessman behind Lithea to be frozen as investigators chased him over unpaid debts. The man in question, Choi Sung-min, got in early on the lithium rush. In 2009, his British Virgin-registered Cordia Global Ltd. gained control of Lithea for $15 million, company and court documents show. Three years later, with the lithium rush in full swing, an investor presentation produced by Lithea valued Choi?s stake at $250 million. It went on to predict that its value would quickly quintuple once the mining company went public. Enter Kwon Ohjoon, chairman of Posco, the South Korean steel giant. Under Kwon, Posco had developed a new extraction method designed to speed up the processing of lithium-rich brine, which currently takes many months. Mine Survey Posco hired a geological firm run by Hong Kong-based Herman Tso, to assess two deposits in Argentina as potential partners for its technology, including Lithea. It turned out to be a controversial choice. Only a few months earlier, Tso had appraised a Russian coal mine part-owned by Choi, and his report was used to help raise millions in debt. Investors later claimed the mine was worthless -- and the mine?s owner, Siberian Mining Group, saw its market value virtually wiped out in Hong Kong. Last year, a court in the city judged that Tso wasn?t even qualified to assess mines. Tso declined to comment on the report, while Choi says he has acted properly throughout. Posco said Tso?s bid was chosen because it was the fastest and cheapest. Read about the Siberian Mining slump and Tso?s involvement here All of that came to light only after Posco?s foray into Argentina. In July 2013, Tso traveled to Salta Province near the Chilean border and pronounced Lithea?s project to be ?technically viable? and worth $280 million, according to a copy of his report seen by Bloomberg. While Posco was talking with Lithea, troubles began to pile up for Choi. He was investigated by the Korea Deposit Insurance Corp., the government agency that insures bank deposits. Choi had guaranteed several loans from a Korean bank that had collapsed amid scandal, according to court documents. KDIC was trying to get the money back and said that Choi had routed a $2 million loan from the failed bank through various companies to his Russian coal mine. In an interview in Hong Kong, Choi denied KDIC?s version of events, saying he mostly used money made from an Indonesian mine venture to fund his investments. In 2014 he sold his stake in Lithea for $1.3 million -- less than 1 percent of the value that Tso had placed on the company a year earlier. The intrigue didn?t end there. The buyer was BMC Global Ltd., a BVI-registered firm owned by an associate of Choi?s who had worked with him on the Siberian Mining venture, corporate documents show. Choi said he sold his stake to BMC because of debts he owned to a Hong Kong lender and not to hide assets from KDIC. After learning about Choi?s troubles, Posco said it broke off talks with Lithea, only to reopen them in late 2014, on the understanding that Choi would no longer be involved. But a photo on Posco?s website shows Kwon and Choi together at the Argentina mine in early 2016. Choi said he was acting as a consultant. Posco said Kwon, 66, wasn?t available for interview. Manhattan Flat At the same time, KDIC continued to exert pressure on Choi. In February 2016, a BVI court agreed to freeze assets worth up to 102 billion won ($85 million) owned by Choi and six firms connected to him, court documents and Hong Kong exchange filings show. KDIC said it also obtained an order to freeze Choi?s $3.4 million Manhattan apartment. The Posco-Lithea venture, meantime, began to unravel. Last September, Posco finally pulled out, citing breach of contract, a Hong Kong court document shows. BMC was sued by a creditor, Tor Asia Credit Master Fund LP, according to Hong Kong court documents. The fund?s adviser, a firm set up by former Goldman Sachs banker Chris Mikosh and former Citadel LLC executive Patrik Edsparr, declined to comment. Read about how China?s EV target will boost lithium demand: BI BMC last month agreed to sell Lithea to a Canadian company, LSC Lithium Corp., for $44 million. A spokeswoman for LSC declined to comment on the sale because the deal has not yet closed. The sale brings the story of the Argentine lithium deposit full circle, with a value of roughly twice what Choi paid in 2009 -- far less than the $280 million in Tso?s official valuation or the $1.4 billion Lithea?s presentation once boldly predicted. The mine has yet to produce any commercial lithium. Before it's here, it's on the Bloomberg Terminal. |
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Wind22i
Supreme |
25-Apr-2017 19:57
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http://www.businesstimes.com.sg/energy-commodities/over-valued-lithium-mine-in-argentina-sold-for-a-song | ||||
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RedEye1811
Master |
25-Apr-2017 19:20
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If the stock flies like AEM did today then your 40c will be far too cheap...
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risktaker
Supreme |
25-Apr-2017 19:15
Yells: "Posts are opinions. Do not take it as investment advise " |
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I offer 40c.. think they will reject me sob sob....so i keep the offer to myself..
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HoSeyLah
Member |
25-Apr-2017 19:14
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I believe the news will be out before midnight , if not will be 7+ the next morning | ||||
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risktaker
Supreme |
25-Apr-2017 19:10
Yells: "Posts are opinions. Do not take it as investment advise " |
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Aiya relax la.. annc coming.....
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RedEye1811
Master |
25-Apr-2017 19:05
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No that not quite right...they can ask for extension to TH....SGX may not grant it is not a compelling reason but rules do allow for an extension...so not automatic if does not announce anything...
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