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risktaker Supreme	21-Apr-2017 22:06        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	Next week what price u guys going to buy ?
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soojinhou Member	21-Apr-2017 21:54        soojinhou About Contact  Quote this Post!
x 0   x 0  Alert Admin	EV is great and all, another big source of growth is renewable energy. Renewable energy suffers from intermittentcy, which can only be solved through batteries, lots of it. Atom99      ( Date: 21-Apr-2017 21:15) Posted: Lithium is going stay here for a  long time... all major auto cars are going EVs. US$ 1000/tonne may be broken...if you read at Lithium supply and demand. http://www.dw.com/en/market-of-the-future-shanghai-motor-show-in-pictures/g-38505038.. EmmGru      ( Date: 21-Apr-2017 18:36) Posted: Haha praise from u is high praise indeed. Lithium is derived demand, still have to monitor Tesla' s development of electric cars... and u so detailed one sure keep an eye on Albemarle etc all the competition. U help to monitor we dun have to worry
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Atom99 Master	21-Apr-2017 21:15        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	Lithium is going stay here for a  long time... all major auto cars are going EVs. US$ 1000/tonne may be broken...if you read at Lithium supply and demand. http://www.dw.com/en/market-of-the-future-shanghai-motor-show-in-pictures/g-38505038.. EmmGru      ( Date: 21-Apr-2017 18:36) Posted: Haha praise from u is high praise indeed. Lithium is derived demand, still have to monitor Tesla' s development of electric cars... and u so detailed one sure keep an eye on Albemarle etc all the competition. U help to monitor we dun have to worry  sheerluck      ( Date: 21-Apr-2017 18:14) Posted: Not bad!   Can still dig out something prior to AMAL/Taw releasing it.   So now Burwill in the game as well.   Need to montior three companies now. From Burwill last reporting, they got HKD$88mil.   FY report should be out soon.   We can see if they need to borrow to finance this operation. There should be some interesting development come next 2 weeks.
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EmmGru Veteran	21-Apr-2017 18:36        EmmGru About Contact  Quote this Post!
x 0   x 0  Alert Admin	Haha praise from u is high praise indeed. Lithium is derived demand, still have to monitor Tesla' s development of electric cars... and u so detailed one sure keep an eye on Albemarle etc all the competition. U help to monitor we dun have to worry  sheerluck      ( Date: 21-Apr-2017 18:14) Posted: Not bad!   Can still dig out something prior to AMAL/Taw releasing it.   So now Burwill in the game as well.   Need to montior three companies now. From Burwill last reporting, they got HKD$88mil.   FY report should be out soon.   We can see if they need to borrow to finance this operation. There should be some interesting development come next 2 weeks. EmmGru      ( Date: 20-Apr-2017 18:52) Posted: http://www.hkexnews.hk/listedco/listconews/sehk/2017/0420/LTN201704201001.pdf Offtake agreement announced by Burwill Holdings with TAW / AMAL
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c3_jail Senior	21-Apr-2017 18:27        c3_jail About Contact  Quote this Post!
x 0   x 0  Alert Admin	Will the development go to good direction? sheerluck      ( Date: 21-Apr-2017 18:14) Posted: Not bad!   Can still dig out something prior to AMAL/Taw releasing it.   So now Burwill in the game as well.   Need to montior three companies now. From Burwill last reporting, they got HKD$88mil.   FY report should be out soon.   We can see if they need to borrow to finance this operation. There should be some interesting development come next 2 weeks. EmmGru      ( Date: 20-Apr-2017 18:52) Posted: http://www.hkexnews.hk/listedco/listconews/sehk/2017/0420/LTN201704201001.pdf Offtake agreement announced by Burwill Holdings with TAW / AMAL
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sheerluck Supreme	21-Apr-2017 18:14        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	Not bad!   Can still dig out something prior to AMAL/Taw releasing it.   So now Burwill in the game as well.   Need to montior three companies now. From Burwill last reporting, they got HKD$88mil.   FY report should be out soon.   We can see if they need to borrow to finance this operation. There should be some interesting development come next 2 weeks. EmmGru      ( Date: 20-Apr-2017 18:52) Posted: http://www.hkexnews.hk/listedco/listconews/sehk/2017/0420/LTN201704201001.pdf Offtake agreement announced by Burwill Holdings with TAW / AMAL
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risktaker Supreme	21-Apr-2017 17:54        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	i scared north korea and Fed bring down market lol...  c3_jail      ( Date: 21-Apr-2017 17:23) Posted: Just wondering.. if you think this counter good, why dont try to go in? even small lotS? risktaker      ( Date: 21-Apr-2017 17:20) Posted: Used to have now 0 lot.... sibei sian... stupid trading curb...but i am happy that u guys make...
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c3_jail Senior	21-Apr-2017 17:23        c3_jail About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just wondering.. if you think this counter good, why dont try to go in? even small lotS? risktaker      ( Date: 21-Apr-2017 17:20) Posted: Used to have now 0 lot.... sibei sian... stupid trading curb...but i am happy that u guys make... c3_jail      ( Date: 21-Apr-2017 17:16) Posted: Are you holding also? or just trying to sell the AMAL :)
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risktaker Supreme	21-Apr-2017 17:20        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	Used to have now 0 lot.... sibei sian... stupid trading curb...but i am happy that u guys make... c3_jail      ( Date: 21-Apr-2017 17:16) Posted: Are you holding also? or just trying to sell the AMAL :) risktaker      ( Date: 21-Apr-2017 15:15) Posted: if they raise 20-30M Guys just buy any price it open ... if u dont buy sure regret
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c3_jail Senior	21-Apr-2017 17:16        c3_jail About Contact  Quote this Post!
x 0   x 0  Alert Admin	Are you holding also? or just trying to sell the AMAL :) risktaker      ( Date: 21-Apr-2017 15:15) Posted: if they raise 20-30M Guys just buy any price it open ... if u dont buy sure regret
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risktaker Supreme	21-Apr-2017 16:55        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	anyway from what i see money is not an issue... Alliance will gap 40c and move towards 50 :) Atom99      ( Date: 21-Apr-2017 16:54) Posted: I believe your interpretation is correct. RedEye1811      ( Date: 21-Apr-2017 16:26) Posted: One part of the terms of the off-take regarding the agreement and the advance payment to be repayed is: " Lithco and Tawana shall be severely liable for their repayment obligations. Tawana has guaranteed the obligations of Lithco, its wholly owned subsidiary." My legal training was many years past, but correct me if wrong but I interpret the agreement such that failure to make the repayment lies solely with Lithco/Tawana (to be held severely liable if not paid) and Tawana is providing the guarantee thus, AMAL is not subject to any liability. Thus, the risk to AMAL from the off-take is actually less than for Tawana. My further interpretation is Tawana using the prepayment as part of the JV agreement to upgrade the facilities by AUD12.5 million. May be wrong on that.
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Atom99 Master	21-Apr-2017 16:54        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	I believe your interpretation is correct. RedEye1811      ( Date: 21-Apr-2017 16:26) Posted: One part of the terms of the off-take regarding the agreement and the advance payment to be repayed is: " Lithco and Tawana shall be severely liable for their repayment obligations. Tawana has guaranteed the obligations of Lithco, its wholly owned subsidiary." My legal training was many years past, but correct me if wrong but I interpret the agreement such that failure to make the repayment lies solely with Lithco/Tawana (to be held severely liable if not paid) and Tawana is providing the guarantee thus, AMAL is not subject to any liability. Thus, the risk to AMAL from the off-take is actually less than for Tawana. My further interpretation is Tawana using the prepayment as part of the JV agreement to upgrade the facilities by AUD12.5 million. May be wrong on that. Atom99      ( Date: 21-Apr-2017 15:30) Posted: BCL has made an initial advance payment of AUD7,500,000 (equivalent to approximately HK$43,886,000) upon the signing of the Offtake Agreement to the Sellers, and will make two further advance payments, in July and September 2017, each amounting to AUD8,750,000 (equivalent to approximately HK$51,200,000). The Advance Payment is a non-interest bearing advance from BCL to the Sellers, which will be repaid in full within the first two years of the five year term, by way of set-off against the purchase price for each delivery of the lithium concentrate to the Buyer in accordance with the Offtake Agreement. Since the first shipment of lithium concentrate starting from February 2018, Lithco and Tawana shall be severally liable for their repayment obligations.
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risktaker Supreme	21-Apr-2017 16:53        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	AGM for TAW wish for  RESOLUTION 4 &ndash APPROVAL OF 10% PLACEMENT CAPACITY Guess the placement may not be this coming announcement as the AGM will be held on May 23rd 2017 So likely the Initial Jorc Report and other reports
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risktaker Supreme	21-Apr-2017 16:47        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	Gap up to 40c then move towards 50c :)
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RedEye1811 Master	21-Apr-2017 16:26        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	One part of the terms of the off-take regarding the agreement and the advance payment to be repayed is: " Lithco and Tawana shall be severely liable for their repayment obligations. Tawana has guaranteed the obligations of Lithco, its wholly owned subsidiary." My legal training was many years past, but correct me if wrong but I interpret the agreement such that failure to make the repayment lies solely with Lithco/Tawana (to be held severely liable if not paid) and Tawana is providing the guarantee thus, AMAL is not subject to any liability. Thus, the risk to AMAL from the off-take is actually less than for Tawana. My further interpretation is Tawana using the prepayment as part of the JV agreement to upgrade the facilities by AUD12.5 million. May be wrong on that. Atom99      ( Date: 21-Apr-2017 15:30) Posted: BCL has made an initial advance payment of AUD7,500,000 (equivalent to approximately HK$43,886,000) upon the signing of the Offtake Agreement to the Sellers, and will make two further advance payments, in July and September 2017, each amounting to AUD8,750,000 (equivalent to approximately HK$51,200,000). The Advance Payment is a non-interest bearing advance from BCL to the Sellers, which will be repaid in full within the first two years of the five year term, by way of set-off against the purchase price for each delivery of the lithium concentrate to the Buyer in accordance with the Offtake Agreement. Since the first shipment of lithium concentrate starting from February 2018, Lithco and Tawana shall be severally liable for their repayment obligations.  timothylim890      ( Date: 21-Apr-2017 15:05) Posted: If TAW and AMAL were to do private placement to cover the pre-production CAPEX of AUD45m less the AUD25m advance payment (i.e. AUD20m), let' s say TAW/AMAL split the placement half-half, that means to raise AUD10m AMAL would need to issue additional 35m shares @ 30c. That' s 7.3% of current shares outstanding. Flood market with additional 35m shares @ 30c, will negatively impact price?  Above is purely speculation, of course.
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Atom99 Master	21-Apr-2017 15:30        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	BCL has made an initial advance payment of AUD7,500,000 (equivalent to approximately HK$43,886,000) upon the signing of the Offtake Agreement to the Sellers, and will make two further advance payments, in July and September 2017, each amounting to AUD8,750,000 (equivalent to approximately HK$51,200,000). The Advance Payment is a non-interest bearing advance from BCL to the Sellers, which will be repaid in full within the first two years of the five year term, by way of set-off against the purchase price for each delivery of the lithium concentrate to the Buyer in accordance with the Offtake Agreement. Since the first shipment of lithium concentrate starting from February 2018, Lithco and Tawana shall be severally liable for their repayment obligations.  timothylim890      ( Date: 21-Apr-2017 15:05) Posted: If TAW and AMAL were to do private placement to cover the pre-production CAPEX of AUD45m less the AUD25m advance payment (i.e. AUD20m), let' s say TAW/AMAL split the placement half-half, that means to raise AUD10m AMAL would need to issue additional 35m shares @ 30c. That' s 7.3% of current shares outstanding. Flood market with additional 35m shares @ 30c, will negatively impact price?  Above is purely speculation, of course. risktaker      ( Date: 21-Apr-2017 14:53) Posted: Its a private placement.....i thin
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risktaker Supreme	21-Apr-2017 15:15        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	if they raise 20-30M Guys just buy any price it open ... if u dont buy sure regret
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risktaker Supreme	21-Apr-2017 15:13        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	any funding is in view positive....becos without money they cant start anything.... but now with $$$ the game is ON timothylim890      ( Date: 21-Apr-2017 15:05) Posted: If TAW and AMAL were to do private placement to cover the pre-production CAPEX of AUD45m less the AUD25m advance payment (i.e. AUD20m), let' s say TAW/AMAL split the placement half-half, that means to raise AUD10m AMAL would need to issue additional 35m shares @ 30c. That' s 7.3% of current shares outstanding. Flood market with additional 35m shares @ 30c, will negatively impact price?  Above is purely speculation, of course. risktaker      ( Date: 21-Apr-2017 14:53) Posted: Its a private placement.....i thin
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timothylim890 Veteran	21-Apr-2017 15:05        timothylim890 About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	If TAW and AMAL were to do private placement to cover the pre-production CAPEX of AUD45m less the AUD25m advance payment (i.e. AUD20m), let' s say TAW/AMAL split the placement half-half, that means to raise AUD10m AMAL would need to issue additional 35m shares @ 30c. That' s 7.3% of current shares outstanding. Flood market with additional 35m shares @ 30c, will negatively impact price?  Above is purely speculation, of course. risktaker      ( Date: 21-Apr-2017 14:53) Posted: Its a private placement.....i think RedEye1811      ( Date: 21-Apr-2017 14:32) Posted: Perhaps I am giving AMAL/TAW more credit than worth it...but as they are not rushing out to make off-take announcement even though Burwill seems to have let information out then I am thinking AMAL/TAW may be trying to get the FS finalized along with other key pieces of information so they can make announcements all at once...if make off-take announcement now then FS later then this could cause people to jump on number just like before when TAW did that clarification...so to avoid confusion perhaps they being conservative and want to let it all out at once so all information can be digested without people making assumptions (or relying on estimates)...perhaps that an indication they learnt from before and trying do right thing by investors...just a thought..
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Atom99 Master	21-Apr-2017 14:54        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	Lim and Tan - AMAL still on restriction.Buy/sell $30K. pool100      ( Date: 21-Apr-2017 14:43) Posted: Thanks Jack jack2906      ( Date: 21-Apr-2017 13:07) Posted: dbs vickers, Lim & Tan...
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