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alliance mineral resources move up
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RedEye1811
Master |
06-Apr-2017 13:36
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Trying to drum business for yourself bro? Create fear drive price down and scoop up yourself...well done...
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jack2906
Veteran |
06-Apr-2017 13:34
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when longist turn to be shortist.... the price willd drop like hell~
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RedEye1811
Master |
06-Apr-2017 13:33
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Wrong.....read agreement...need to spend $7.5 million by Dec 31 2017 on exploration, etc first...then get 50% rights to lithium ONLY. Have they spent $7.5 million yet?
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risktaker
Supreme |
06-Apr-2017 13:32
Yells: "Posts are opinions. Do not take it as investment advise " |
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read the funds are commited liao...anyway its buying a 50% 200m coy with 20m
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lithiumpower
Member |
06-Apr-2017 13:32
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Infrasture does not necessarily mean AMAL mine . Bald Hill Mine is still 100% fully owned by AMAL! http://repository.shareinvestor.com/rpt_view.pl/id/676610.2/type/sgxnet/original_filename/1
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jack2906
Veteran |
06-Apr-2017 13:31
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sell now before too late~
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hobert
Member |
06-Apr-2017 13:31
Yells: "As long no loss is win..." |
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if can drop to 0.2x better still....scoooopp....but this is for long term play...definitely not for T+5 contra players.
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RedEye1811
Master |
06-Apr-2017 13:30
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The terms are quite clear. The " expenditure commitment" is minimum $7.5 million to be spent on exploration, evaluation and feasibility. Must be spent by Dec 31 2017. Only then do they get 50% rights to lithium ONLY. If spend another $12.5 million - call the " capital expenditure/commitment" - that is for upgrade and infrastructure then do they get 50% interest in all minerals. Basically spend $6 mill then zero. $8 mill on exploration by Dec 31 2017 but nothing on infrastructure they get 50% rights to lithium but no other minerals. Spend say $8 mill exploration and $20 million on infrastructure by Dec 2019 then they get 50% rights to all minerals. At moment AMA hold the ball. Till it spent according to terms of agreement Tawana got zero at present but they the ones putting out the money.
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ben_kieran
Member |
06-Apr-2017 13:30
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Hi John meaning what exactly? sorry noob here.
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risktaker
Supreme |
06-Apr-2017 13:29
Yells: "Posts are opinions. Do not take it as investment advise " |
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This means they buy from Alliance liao ma... the Alliances only owns the rights to mine there and now share 50% with tawana...
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johnncheng81
Veteran |
06-Apr-2017 13:28
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Bbs seem to be distibutin at 395. Beware
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risktaker
Supreme |
06-Apr-2017 13:26
Yells: "Posts are opinions. Do not take it as investment advise " |
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Tawana will be entitled to a 50% interest in the Project (being all minerals from the tenements and the processing plant and infrastructure at Bald Hill). |
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Atom99
Master |
06-Apr-2017 13:23
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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A snapshot of the DBA: "The Farm-in Agreement is in line with the Binding Terms Sheet which require Tawana: 1. to spend, by 31 December 2017 (or such later date as may be agreed between the parties), a minimum of $7.5 million on exploration, evaluation and feasibility (including administrative and other overhead costs in relation thereto) (?Expenditure Commitment?) and 2. to spend, by 31 December 2019 (which is a new commitment by Tawana from the Binding Term Sheet), $12.5 million in capital expenditure required for upgrading and converting the plant for processing ore derived from the Project, infrastructure costs, pre-stripping activities and other expenditures including operating costs (?Capital Expenditure?). Upon completion of the Expenditure Commitment, Tawana shall be entitled to 50% of all rights to lithium minerals from the tenements comprising the Project (?Tenements?). Upon completion of the Expenditure Commitment and Capital Expenditure, Tawana will be entitled to a 50% interest in the Project (being all minerals from the tenements and the processing plant and infrastructure at Bald Hill). Managing Director Mark Calderwood stated: ?We continue to work very closely with our Joint Venture Partners, Alliance Mineral Assets, as we continue to work together to become a spodumene producer in 2017.? Think I missed anything,please add your comments.
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RedEye1811
Master |
06-Apr-2017 13:19
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I understand where you coming from, but this is not a case of comparing apples to apples. Some points that can distort the values: (1) Correct me if wrong, but I believe AMA have the formal rights to Bald Hill mine. Tawana is currently entitled to zero. Under the agreement they get a 50% interest in the lithium from the project only when they have actually spent $7.5 million on exploration, evaluation and feasibility. They have till Dec 31 2017 to do this. So even if they discover great deposits of lithium, if they only spend $5 million (for example) as fail to raise sufficient funding then Tawana gets nothing but AMA still got its share. If deposits there and Tawana fail to live up to their side then AWA simply goes to another contractor who I am sure would jump at chance if proven deposits. So compared to AMA, Tawana still got lot more at risk. (2) To get 50% interest in all the minerals Tawana needs to spend $12.5 million on upgrade and convert. Till they do that capital expenditure they only (if spend the $7.5 million on exploration, evaluation and feasibility) entitled to lithium BUT not the other minerals. Tawana still must come up with all the funding etc before they can see more of the prize. And they must do this upfront versus AMA who are not. So Tawana got more at risk than AMA. If it comes out as true lithium deposits abound with nice lots ot tantalum as bonus but Tawana fails to spend enough etc then AMA left with the deposits to bank whilst Tawana left with nothing but money spent on what it did. So Tawana will need to pour in cash upfront before they even entitled to things whereas AMA sitting on the money and still hold the rights. Tawana more risky then AMA at this point. (3) Pricing is in different markets. AMA got the monopoly in Singapore. If SG investor (talking this the uncle/auntie retail investor who onlly got shallow pockets and do not want FX risk investing in Aus firm, not the deep pocket Peter Lims who can invest in Australia) wants some lithium action can only grab AMA. In comparison for Aus investor you got competitors. Do I drop my hard earned cash into a proven lithium producer like Galaxy? Or an entity that as yet does not actually have the 50% rights? And with Australia there are so many resource firms whereas Singapore not really got many. So in context of Australia far more competitors competing for investors with money looking to invest into resources but in Singapore who do you have to select from? In Australia may be a number of firms selling their great resource and mineral find to investors whilst in Singapore it only AMA. Tawana is a small fish in a big pond but AMA a big fish in a small pond. (4) Tawana got several projects on the go at moment. AMA only focused on Bald Hill. So Tawana is likely burning through more money and they do not actually have the rights to anything (as they still exploring) but AMA at least got something and they not burning cash or needing to raise finance on other projects. So Tawana potentially put more at risk (with higher chance of reward if all pay off) than AMA as they need to put out the cash. Those just a few point that could help to explain the difference. And it should not be forgotten the share price of Tawana has risen from about 3c mid last year to 24c now. That is about a 700 - 800% rise, and they do not even have the rights to the 50% interest. AMA also risen from 6c to 40c so about the same rise. So rather than compare in absolute terms 24c versus 40c (ignore FX difference which actually reduces AMA share price to about 37c) perhaps compare on the percentage increase.
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risktaker
Supreme |
06-Apr-2017 13:15
Yells: "Posts are opinions. Do not take it as investment advise " |
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wrong... they will earn 50% even the infrastructure if they spent 20m by 2019
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lithiumpower
Member |
06-Apr-2017 13:05
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Tawana did not buy 50% stake into AMAL. Tawana has to invest A$20M to earn 50% rights in all the minerals to be mined..just a Farm-In JV, that' s all! Bald Hill asset still belongs to AMAL!
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ben_kieran
Member |
06-Apr-2017 13:02
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both is feasbile, cant make up my mind haha.
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risktaker
Supreme |
06-Apr-2017 12:56
Yells: "Posts are opinions. Do not take it as investment advise " |
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either aussie is stupid or alliance is over value lol
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ben_kieran
Member |
06-Apr-2017 12:54
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ominous for AMAL?
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risktaker
Supreme |
06-Apr-2017 12:51
Yells: "Posts are opinions. Do not take it as investment advise " |
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Smart chinese would just take over Tawana for 50% of Alliance lol 100m cheaper |
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