| Latest Forum Topics / Alita Resources Last:0.078 -- |
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alliance mineral resources move up
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sheerluck
Supreme |
12-Apr-2017 10:01
Yells: "Work for your money first then let your money work for you" |
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wow such denial........ |
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timothylim890
Veteran |
12-Apr-2017 09:39
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Interesting price action in the first half hour. |
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NextEvolution
Elite |
12-Apr-2017 09:38
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Sorry, I mean short-sellers...
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KopRed75
Veteran |
12-Apr-2017 09:37
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Is it another case of big boys scaring retailers into panic sell so that they can buy cheap? | ||||
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NextEvolution
Elite |
12-Apr-2017 09:37
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Shirt seller's got shot in the backside this morning ..... 😂 | ||||
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Atom99
Master |
12-Apr-2017 09:37
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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At least, shut up the naysayers.
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Steady28
Senior |
12-Apr-2017 09:35
Yells: "huat ah" |
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report seems decent. hopefully can kickstart another wave of takeoff.
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Atom99
Master |
12-Apr-2017 09:34
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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https://hotcopper.com.au/threads/canaccord-commences-coverage.3358359/?post_id=24020739#.WO2CVzz0qaM
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Atom99
Master |
12-Apr-2017 09:29
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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Can go to hotcopper website...ASX code:TAW
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timothylim890
Veteran |
12-Apr-2017 09:17
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Thanks for sharing! Will read up on this.
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furnaces
Veteran |
12-Apr-2017 09:15
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Canaccord do not the price estimate, I just used their figures to do the projection. https://gallery.mailchimp.com/9eb3e402e669cc62e50781280/files/d80e0455-fbc8-4614-8a9f-271f85389895/TAW_40F_COLT_12.04.17.01.pdf |
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furnaces
Veteran |
12-Apr-2017 09:14
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Canaccord Genuity just commenced coverage on Bald Hill Mine Project. -Estimated Total production cost is A$484/ton which is inclusive of Tantalum by-product. (based on their report) - Assuming second year running rate at 160,000 ton of Spodumene Concentrate and price of Spodumene Concentrate is US$900 = A$1202. - Spodumene Concentrate net profit = A$718 x 160,000 = A$114,880,000 - Tantalum price is constant about US$60 per pound or A$79.8 per pound. - Tantalum net profit = 300,000 lbs x A$79.8 = A$23,940,000 - Total estimated annual net profit (Spodumene + Tantalum) = A$114,880,000 + A$23,940,000 = A$138,820,000. - Alliance holds 50% which brings net profit to A$69,410,000 or S$72,880,500. A PE ratio of 8 times bring it to a market cap of S$583,044,000 or $1.21 per share. |
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timothylim890
Veteran |
12-Apr-2017 09:11
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Just a thought, are we seeing AMAL' s price come down to align with TAW, before they both start to move up together? It is afterall a joint venture. |
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risktaker
Supreme |
12-Apr-2017 08:16
Yells: "Posts are opinions. Do not take it as investment advise " |
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As stated in Tawana&rsquo s Clarification Announcement, its Presentation Slides and its Original Joint Announcement contain reference to indicative plant operating parameters for the purpose of a Feasibility Study, which is due for release at the end of April 2017. In connection thereto, Tawana retracted and replaced, inter alia, its Original Joint Announcement, with the following deletions of sentences from its Original Joint Announcement: &bull This equates to about 129,000 tpa of high grade coarse concentrate grading +6.4% Li2O at 1mpta of feed. &bull In addition, a total of 285,000t of fines and secondary concentrates, per million tonnes of feed, would be stockpiled for stage 2 processing or initially treated through the tantalum circuit. &bull This is expected to add ~45,000t of concentrates at limited incremental cost. Tawana also cautioned investors against using any statements made in its Original Joint Announcement and its Presentation Slides which may indicate or amount to a reporting of a production target or forecast financial information as the basis for making any investment decisions about shares in Tawana. Correspondingly, AMA wishes to clarify that the Parameters being investigated by Tawana as part of the Feasibility Study of the Bald Hill Project, do not constitute a production forecast or target in relation to mineral resources associated with the Company&rsquo s Bald Hill Project.     ==================================================== Which means the above production project is part of their feasiblity study....they retract it because they cant review the figures |
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papayaface
Supreme |
12-Apr-2017 06:38
Yells: "This is the best time to enter....when everythings uncertain" |
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Price tank for few days to 33.5 already, so any time can rebound. Good luck    
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risktaker
Supreme |
12-Apr-2017 04:27
Yells: "Posts are opinions. Do not take it as investment advise " |
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Lol... think confirm spent liao if not they wont consider itself JV...
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EmmGru
Veteran |
12-Apr-2017 01:34
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Think Tawana haven' t spent finish the A$7.5m. U see the announcement wording quoted below. They enter into agreement now but it will apply After Lithco spend A$7.5m and need independent auditor to sign-off that Lithco has spent the money.   So Lithco haven' t spend the money yet. Quote ... the &ldquo Parties&rdquo ) have on 10 April 17 entered into a lithium rights joint venture agreement (&ldquo Lithium Rights JVA&rdquo ) that will apply in relation to lithium after Lithco has spent the Expenditure Commitment (i.e. A$7,500,000) in accordance with the Farm-in Agreement. The Lithium Rights JVA formalises that the Parties have agreed to associate themselves in an unincorporated lithium joint venture (subject to Lithco having earned its 50% interest after spending the Expenditure Commitment) ...The commencement date of Lithium Rights JVA (&ldquo Commencement Date&rdquo ) will be the date on which the Independent Auditor (as defined in the Farm-in Agreement), determines that Lithco has spent the Expenditure Commitment.  unquote
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EmmGru
Veteran |
12-Apr-2017 01:22
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Waaa .... but careful hor, your rule of thumb more applicable to overall market exuberance when pple expect over-exuberance means bubble forming. But when will bubble break?..... Even experts don' t recommend avoiding periods of exuberance altogether becos it could mean missing out on whole bull run. SJ not a good cross-section of the market. A lot of pple come here talk cock only (including me hahahahaha). Some posters are really good, some shout the same buy and sell calls day in day out regardless of market up or down or the facts, and whether or not they are vested!!
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EmmGru
Veteran |
12-Apr-2017 01:06
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Ya the knee jerk reaction to any " retraction" - this word just sounds bad, will probably be to sell. Especially for the busy investor who has no time to read the details. But I think the key questions are: 1. Is there lithium? 2. How much lithium is there? 3. Is it economically feasible to extract i.e. net profit after production cost 4. Within what time frame will we recover investment? The facts matter, not announcement boo boos
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EmmGru
Veteran |
12-Apr-2017 00:55
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Errr... not a misrep lah. They only retract references to detailed " indicative plant operating parameters for the purpose of a Feasibility Study, which is due for release at the end of April 2017."   Listed Co have to be very careful about issing forward looking statements i.e. forecast. The plant operating parameters they originally announced are so detailed and got all the numbers inside, if the actual performance is slightly different only, it will then actually be a misrep. So they have to retract now lah. If u see the way they word their retraction, they emphasized they did not provide " production forecast or target" . Obviously this is meant to comply with listing rules. quote This equates to about 129,000 tpa of high grade coarse concentrate grading +6.4% Li2O at 1mpta of feed. &bull In addition, a total of 285,000t of fines and secondary concentrates, per million tonnes of feed, would be stockpiled for stage 2 processing or initially treated through the tantalum circuit. &bull This is expected to add ~45,000t of concentrates at limited incremental cost.   Correspondingly, AMA wishes to clarify that the Parameters being investigated by Tawana as part of the Feasibility Study of the Bald Hill Project, do not constitute a production forecast or target in relation to mineral resources associated with the Company&rsquo s Bald Hill Project.   Unquote.
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