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alliance mineral resources move up
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RedEye1811
Master |
21-Apr-2017 07:59
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I think right now AMAL/TAW may be lining up all their ducks...that perhaps why trading halt may be a while...perhaps want to release information on FS, cashflow analysis etc all at once in addition to the off-take..
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timothylim890
Veteran |
21-Apr-2017 07:56
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I' d definitely prefer if the bigger fish would stay away from AMAL, at least until its stock price hits $1  if at that point a big player wants to buyout AMAL, unloading at a premium to $1 would be fine with me.
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RedEye1811
Master |
21-Apr-2017 07:55
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Yes it is halted...announcement was made at 5:12pm yesterday...
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Atom99
Master |
21-Apr-2017 07:37
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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This is going to be big news in Australia and the Lithium industry.AMAL and TAW has been under the radar or rather look down upon for far too long.Maybe now a acquisition target by big Lithium company.(Just to kill the competition from junior Lithium miners)
TM missed a golden opportunity when there was talk of some sort of 'investment' last year.
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ihuazai
Member |
21-Apr-2017 07:37
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Is there an sGx halt? Can' t see any announcement on that |
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RedEye1811
Master |
21-Apr-2017 07:33
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No announcement by Tawana via ASX and ASX about to open so may be weekend announcement...give time to co-ordinate things...weekend may be checking..LOL
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EmmGru
Veteran |
21-Apr-2017 07:17
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Yes I can' t stop myself checking for the announcement though haha cannot relax
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RedEye1811
Master |
21-Apr-2017 06:52
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Getting a feeling that announcement will not come today or at least the trading halt not be lifted...they may prefer to announce on weekend together (TAW/AMAL), lift their respective trading halts and then let everything start afresh together on Monday...just a theory... 
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EmmGru
Veteran |
20-Apr-2017 23:38
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Announcement not out yet on SGX but the news spread on hot copper already and all the posts are very jubilant 
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risktaker
Supreme |
20-Apr-2017 23:37
Yells: "Posts are opinions. Do not take it as investment advise " |
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x 0 Alert Admin |
We Married deal 0.325 on bo?
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s100125
Elite |
20-Apr-2017 23:22
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http://burwill.todayir.com/attachment/2017042018170100002784925_en.pdf
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hobert
Member |
20-Apr-2017 23:10
Yells: "As long no loss is win..." |
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Don't need ask so much...nobody has the crystal ball to tell you what you want to know.
Please do more contra trades and you will learn. Everyone here learn things the hard way...
And if you win $$...good for you but piece of advice...not every penny stock is like this "ethical"...u should go play noble and spackman to chalk up some experience
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furnaces
Veteran |
20-Apr-2017 23:06
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Chinese reading
EQS 新 聞 / 2017-04-20 / 18:54 UTC+8 即 時 發 佈 寶 威 與 澳 洲 鉭 鋰 礦 資 源 運 營 商 簽 訂 獨 家 包 銷 鋰 精 礦 合 約 開 拓 鋰 資 源 業 務 把 握 新 機 遇 (香 港 ， 2017年 4月 20日 ) 寶 威 控 股 有 限 公 司 (「 寶 威 」 或 「 集 團 」 ) (股 票 編 號 ： 24)欣 然 宣 佈 ， 其 全 資 附 屬 公 司 寶 威 物 料 有 限 公 司 (「 BCL」 )今 天 與 Alliance Mineral Assets Limited(「 AMAL」 )， 以 及 Tawana Resources NL (「 Tawana」 ) 的 全 資 附 屬 公 司 Lithco No.2 Pty Ltd (「 Lithco」 ) 分 別 簽 訂 獨 家 包 銷 鋰 精 礦 合 約 。 完 成 簽 署 合 約 後 ， BCL將 獲 得 澳 洲 西 部 巴 爾 德 山 (Bald Hill)所 出 產 的 鋰 精 礦 為 期 五 年 的 獨 家 包 銷 及 續 後 五 年 優 先 購 買 的 權 利 。 根 據 合 約 ， 自 2018年 2月 起 ， BCL於 首 二 年 將 以 固 定 價 格 購 買 合 計 不 少 於 200,000乾 噸 ， 價 值 約 二 億 美 元 的 高 等 級 鋰 輝 石 精 礦 。 BCL將 分 期 支 付 預 付 款 共 25,000,000澳 元 。 巴 爾 德 山 以 高 等 級 鋰 輝 石 及 鉭 礦 帶 著 稱 ， 同 時 具 備 良 好 的 基 礎 設 施 ， 包 括 交 通 、 水 、 電 和 改 造 後 適 用 的 選 礦 廠 ， 為 投 產 提 供 保 障 。 AMAL和 Tawana將 加 強 勘 探 以 增 加 鉭 和 鋰 資 源 ， 並 計 劃 於 2017年 底 投 產 ， 2018年 首 季 將 出 6%品 位 的 鋰 精 礦 石 ， 而 這 將 是 澳 洲 新 增 開 採 運 營 中 少 有 具 規 模 的 鋰 精 礦 石 礦 區 。 鋰 精 礦 是 加 工 碳 酸 鋰 的 基 礎 原 料 ， 碳 酸 鋰 能 廣 泛 應 用 於 手 機 、 數 碼 產 品 、 軍 工 、 工 業 和 家 用 大 容 量 儲 能 系 統 等 領 域 ， 而 高 純 度 動 力 級 鋰 電 池 更 是 混 合 電 動 車 、 純 電 動 車 的 核 心 材 料 。 近 年 來 ， 鋰 的 用 途 和 應 用 領 域 越 趨 廣 泛 ， 以 致 需 求 量 不 斷 提 高 。 但 全 球 的 鋰 資 源 嚴 重 稀 缺 ， 主 要 儲 量 和 產 能 被 美 國 、 澳 洲 及 拉 丁 美 洲 等 幾 家 跨 國 企 業 壟 斷 。 中 國 雖 有 一 定 的 儲 量 ， 但 受 限 於 鹽 湖 鹵 水 提 取 鋰 的 技 術 瓶 頸 難 以 量 產 ， 故 長 期 以 來 嚴 重 依 賴 鋰 精 礦 石 進 口 。 寶 威 主 席 陳 城 先 生 表 示 ： 「 集 團 看 好 全 球 鋰 資 源 的 前 景 ， 我 們 將 投 放 資 源 積 極 發 展 鋰 精 礦 的 採 購 、 碳 酸 鋰 加 工 和 銷 售 業 務 ， 並 計 劃 於 中 國 投 資 入 股 一 間 年 產 能 達 10,000噸 的 碳 酸 鋰 工 廠 ， 預 期 鋰 資 源 業 務 可 為 集 團 開 拓 新 收 入 來 源 。 」 - 完 - 關 於 寶 威 控 股 有 限 公 司 (股 份 代 號 ： 24) 寶 威 控 股 有 限 公 司 主 要 從 事 國 際 金 屬 貿 易 、 礦 產 資 源 投 資 、 勘 探 及 開 發 。 集 團 自 1983年 始 在 香 港 聯 合 交 易 所 主 板 掛 牌 上 市 ， 擁 有 超 過 60 年 實 質 國 際 鋼 鐵 貿 易 營 運 經 驗 及 強 大 的 採 購 及 銷 售 網 絡 ， 以 迎 合 不 同 顧 客 的 需 求 。 此 新 聞 稿 由 PR ASIA Consultants Limited 代 表 寶 威 控 股 有 限 公 司 發 佈 。 如 欲 垂 詢 ， 請 聯 絡 PR ASIA Consultants Limited： 林 彬 ／ 許 庭 芝 ／ 陳 琬 嵐 電 話 ： (852) 3183 0230／ 0251／ 0261 傳 真 ： (852) 2583 9138 電 郵 ： [email protected] 文 件 : http://n.eqs.com/c/fncls.ssp?u=SIXHJEVVOP 標 題 : [即 時 發 佈 ] 寶 威 (24) 與 澳 洲 鉭 鋰 礦 資 源 運 營 商 簽 訂 獨 家 包 銷 鋰 精 礦 合 約 2017-04-20 此 財 經 新 聞 稿 由 EQS Group轉 載 。 本 公 告 內 容 由 發 行 人 全 權 負 責 。 瀏 覽 原 文 : http://www.todayir.com/tc/index.php |
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jack2906
Veteran |
20-Apr-2017 22:42
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I bought 0.315 today and entered sell queue at 0.325... I sell to you lah~
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jack2906
Veteran |
20-Apr-2017 22:39
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x 0
x 0 Alert Admin |
still can short one, just need to run fast ~
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risktaker
Supreme |
20-Apr-2017 22:26
Yells: "Posts are opinions. Do not take it as investment advise " |
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x 0
x 0 Alert Admin |
U still dont believe ah
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Steady28
Senior |
20-Apr-2017 22:24
Yells: "huat ah" |
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May i ask what can we expect or normally what to expect when there is a trading halt due to some potential good news i.e., off take agreement and estimate of resource, once the trading starts again? will it straight away jump 10 or 20 cents? Can anyone draw parallels from any recent examples? just very curious how will the market unfold when the halt is lifted. haha i hope we will all be rewarded in due time. this one is like striking lottery with a certain percentage of going into consolations and starters. now hoping for 3rd 2nd or first prize. |
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Atom99
Master |
20-Apr-2017 21:42
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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I suppose not sign yet between the parties.BCL parent company Burwill Holdings liimited jump the gun in annoucing on the HKEX. Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. (incorporated in Bermuda with limited liability) (Stock Code: 24) Exclusive Lithium Concentrate Offtake Agreement This announcement is made pursuant to Rules 13.09 the Listing Rules and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong). Exclusive Lithium Concentrate Offtake Agreement On 20 April 2017, a wholly-owned subsidiary of the Company, BCL, entered into exclusive lithium concentrate Offtake Agreements with Lithco, AMAL and Tawana respectively, pursuant to which, BCL will advance by instalments AUD25,000,000 (equivalent to approximately HK$146,287,000) in exchange for exclusive selling rights to the lithium concentrate flowing from the Bald Hill Project in Western Australia for a five year term and pre-emptive rights to the same for subsequent five years. The Offtake Agreements are legally binding to the parties once signed. This announcement is made pursuant to Rules 13.09 of the Listing Rules and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong). The Board is pleased to announce that on 20 April 2017, a wholly-owned subsidiary of the Company, BCL, entered into exclusive lithium concentrate Offtake Agreements with Lithco, AMAL and Tawana respectively. Offtake Agreement Date: 20 April 2017 Sellers: (a) Alliance Mineral Assets Limited (b) Lithco No. 2 Pty Ltd, a wholly-owned subsidiary of Tawana Resources NL Buyer: Burwill Commodity Limited, a wholly-owned subsidiary of the Company Guarantor: Tawana Resources NL As at the date of this announcement, to the best of the knowledge, information and belief of the Board, having made all reasonable enquiries, Lithco, AMAL and Tawana and their respective ultimate beneficial owner are third parties, independent of the Company and its connected persons. - 2 - Pursuant to the Offtake Agreement, BCL will advance by instalments AUD25,000,000 (equivalent to approximately HK$146,287,000) in exchange for exclusive selling rights to the lithium concentrate flowing from the Bald Hill Project in Western Australia for a five year term and pre-emptive rights to the same for subsequent five years. Starting from February 2018, BCL shall, in the first two years, purchase an aggregate of at least 200,000 dry metric tonnes of high-grade lithium concentrate at a fixed price, worthing of approximately USD200,000,000. 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. Tawana has guaranteed the obligations of Lithco, its wholly owned subsidiary. The Offtake Agreements are legally binding to the parties once signed. Lithium Resources Global lithium resources are highly scarce with its main reserves and production capacity being monopolized by a few multinational companies in the United States, Australia and Latin America. In China, despite a certain amount of reserves, mass-production is not likely to implement as the technology of extracting lithium from brine has reached a bottleneck. Therefore, China has become totally dependent on imports of lithium ore in the long run. Lithium concentrate is raw material for lithium carbonate processing. Lithium carbonate is widely used in mobile phones, digital products, military, as well as industrial and large capacity domestic energy storage systems. High-power Lithium-ion Batteries are the core material applied in hybrid electric vehicles and pure-electric vehicles. The Bald Hill Lithium Mine Project The Bald Hill Lithium Mine Project is located 50 kilometres south east of Kambalda in the Eastern Goldfields of Western Australia and is adjacent to Tawana&rsquo s Cowan Lithium mine project. The exploration of Bald Hill began in the 1960s. 461.5 km² of the tenement is granted at the mine site and an additional 319 km² is currently under application. Bald Hill is renowned for its high grade spodumene and tantalum belt. The exploration and testing data over the past 6 months demonstrated satisfactory results with spodumene-rich by-product concentrates up to 6.70% Li2O produced during commissioning of the original tantalum plant. Furthermore, its excellent infrastructure, including transportation, electricity, water and transformed concentrator also guarantee the quality of operation and production. AMAL and Tawana will increase and improve the exploration of tantalum and lithium resources and target to start off commissioning by the end of 2017 and shipping lithium concentrate with grade 6% in the first quarter of 2018. Bald Hill is a rare sizable mine for lithium in Australia. AMAL is the registered holder and beneficial owner of the Bald Hill Lithium Mine Project and has entered into an unincorporated joint venture with Lithco. Lithco shall be entitled to 50% of all rights to lithium minerals from the tenements comprising the Bald Hill Project after a number of capital investments. - 3 - About the Group and Buyer The Group is principally engaged in international metal trading and mineral resources investment, exploration and development. The Group owns an interest in Magnetite Iron Ore mine in Shangdong Province of China and also holds approximately 26% equity of Kazakhstan Potash Corporation Limited (&ldquo KPC&rdquo ), a listed company on the Australian Securities Exchange (ASX) as its largest shareholder. KPC owns two quality potash mines in the Republic of Kazakhstan. BCL, a wholly-owned subsidiary of the Company, will be principally engaged in lithium concentrate procurement, lithium carbonate processing and sales. BCL plans to invest in a lithium carbonate plant with an annual production of 10,000 tons in China. About Sellers AMAL (SGX: 40F) Alliance Mineral Assets Limited, a company incorporated in Australia, was established in 2010 with its headquarters based in Perth, Western Australia. Its shares are listed on Catalist of the Singapore Exchange Securities Trading Limited (SGX-ST) in July 2014. AMAL is a renowned corporation which develops and exploits tantalum and lithium resources as well as related products. It holds mining rights in the Bald Hill tantalum mine, which is also known as the fourth largest tantalum producer in the world. A large area of spodumene pegmatites was extracted from the existing tantalum reserve pit during the drilling and exploration of tantalum ore which can be used to produce lithium concentrate with high lithium content. AMAL is planning to produce high grade lithium concentrate by the end of 2017 and become one of the few newly established lithium concentrate producers in 2018. Tawana (ASX: TAW) and Lithco Tawana Resources NL is incorporated in Australia and its shares are listed on the Australian Securities Exchange (ASX). Tawana&rsquo s management team, with a group of well-known foremost pegmatite experts, has been engaging in the research and development of lithium resources. Tawana is currently exploring and developing lithium and tantalum mine in Bald Hill and the surrounding Cowan Lithium Project. Lithco is a wholly-owned subsidiary of Tawana, which is incorporated in Australia. Tawana also holds the spodumene mine in The Republic of Namibia, Africa. Shareholders and potential investors of the Company are advised to exercise caution when dealing in shares of the Company. The research reports on the lithium resources exploration, reserves and the bank&rsquo s standard feasibility study of the Bald Hill will be issued by an independent third party institution before July 2017. Further announcements will be made as and when material information is made available to the Group. Definitions In this announcement, unless the context otherwise requires, the following terms shall have the following meanings: &ldquo Advance Payment&rdquo advance payment of AUD25,000,000 (equivalent to approximately HK$146,287,000) by instalments made by BCL to the Sellers for part of the lithium concentrate which will be repaid in full within the first two years, by way of set-off against the purchase price for each delivery of the lithium concentrate to the Buyer in accordance with the Offtake Agreement &ldquo AMAL&rdquo or one of the &ldquo Sellers&rdquo Alliance Mineral Assets Limited, a company incorporated in Australia, shares of which are listed on Singapore Exchange - 4 - &ldquo AUD&rdquo Australian Dollars, the lawful currency of Australia &ldquo BCL&rdquo or &ldquo Buyer&rdquo Burwill Commodity Limited (寶 威 物 料 有 限 公 司 ), a company incorporated in Hong Kong with limited liability and a wholly-owned subsidiary of the Company &ldquo Board&rdquo the Board of Directors &ldquo Company&rdquo Burwill Holdings Limited, a company incorporated in Bermuda with limited liability, the shares of which are listed on the Main Board of the Stock Exchange (stock code: 24) &ldquo connected person&rdquo has the meaning ascribed to it under the Listing Rules &ldquo Directors&rdquo the directors of the Company &ldquo HK$&rdquo Hong Kong dollars, the lawful currency of Hong Kong &ldquo Group&rdquo the Company and its subsidiaries &ldquo Tawana&rdquo or &ldquo Guarantor&rdquo Tawana Resources NL, a company incorporated in Australia, shares of which are listed on the Australian Securities Exchange &ldquo Listing Rules&rdquo the Rules Governing the Listing of the Securities on the Stock Exchange &ldquo Lithco&rdquo or one of the &ldquo Sellers&rdquo Lithco No. 2 Pty Ltd, a company incorporated in Australia &ldquo Offtake Agreement(s)&rdquo BCL entered into the exclusive lithium concentrate offtake agreements dated 20 April 2017 with Lithco, AMAL and Tawana respectively &ldquo Shareholder(s)&rdquo holder(s) of the Share(s) of the Company &ldquo Stock Exchange&rdquo The Stock Exchange of Hong Kong Limited &ldquo USD&rdquo United States Dollars, the lawful currency of United States of Amercia By order of the Board Burwill Holdings Limited CHAN Shing Chairman Hong Kong, 20 April 2017 Unless otherwise specified, the exchange rate of AUD into HK$ in this announcement are based on the rate of AUD1.00 = HK$5.8515. This is for the purpose of illustration only and no representation is made that any amount in HK$ or AUD can be or could have been converted at the relevant dates at such rate or any other exchange rate. As at the date of this announcement, the Board of Directors of the Company comprises Mr. Chan Shing, Ms. Cheung Kwan, Mr. Sit Hoi Tung, Mr. Wei Jiafu, Mr. Kwok Wai Lam and Mr. Sham Kai Man as Executive Directors Mr. Cui Shu Ming and Mr. Chan Ming Fai as Independent Non-Executive Directors and Mr. Huang Shenglan as Non-Executive Director.
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risktaker
Supreme |
20-Apr-2017 21:39
Yells: "Posts are opinions. Do not take it as investment advise " |
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x 0
x 0 Alert Admin |
anyone remember the valuation from the cannacord report? |
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KopRed75
Veteran |
20-Apr-2017 21:31
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x 0 Alert Admin |
If they release the announcement any time before 8:30am (or is it 8:45am) tomorrow, normal trading will take place. They can also announce during trading hours tomorrow and request for lifting of halt thereafter.
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