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Alliance Mineral
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Atom99
Master |
01-May-2019 08:36
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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QUARTERLY ACTIVITIES REPORT For the quarter ended 31 March 2019 Alliance Mineral Assets Limited (ASX: A40 SGX: 40F, Alliance or the Company) is pleased to report to shareholders its activities for the quarter ended 31 March 2019 (Quarter). Highlights Bald Hill Mine, Western Australia, Operations Production &bull Record Quarterly Production of 38,291wmt of lithium concentrate grading 6.1% Li2O, up 68% from the December 2018 quarter as a result of improved throughput, recovery and grade. &bull Grade for the Quarter averaged 0.89% Li2O (0.73% Li2O December 2018 quarter) while gross recovery averaged 68% (57% December 2018 quarter). &bull 44,305dmt lithium concentrate shipped during the Quarter to Jiangxi Bao Jiang Lithium Industrial Limited, and a trial parcel to a new customer. &bull Stockpiles of 12,373wmt lithium concentrate at Quarter end. &bull Recovery of 34,380lbs of saleable Ta2O5, up 5.1% from the December 2018 quarter. &bull Parcels containing 25,230 Lbs Ta2O5 shipped during the Quarter. &bull Continued Bald Hill production of high quality lithium (+6% Li2O, < 0.5% Fe, < 0.5% mica) and tantalum (~30% Ta2O5) concentrates. &bull Production Cash Costs1 for the Quarter were approximately A$772 (US$553) per wmt lithium concentrate produced, a reduction of 33% on December 2018 quarter costs. &bull Average selling price for the Quarter was A$1,083 (US$780) per dmt lithium concentrate sold, based on 6% Li2O. &bull Production for 1 April to 28 April 2019 has totalled 13,315wmt (unreconciled) at 6.29% Li2O. Stage 2 Plant upgrade &ndash Fines Circuit &bull Engineering and purchasing continuing on the Fines Circuit. &bull Improvements to the Fines Circuit design and proposed upgrades to the existing circuits has pushed commissioning to the fourth quarter CY2019, however components of the improvement to the existing circuits may be brought forward. &bull Targeting increased combined throughput to 300tph and recovery of 72-80%. Exploration update &bull 60,000m exploration drill program commenced late in the Quarter 1,102m completed at Quarter end. &bull The drill programs focused on resource infill, extensional and exploration drilling. June 2019 Quarter Outlook &bull Production guidance of 65,000 to 80,000 tonnes of lithium concentrate (6% Li2O) for the six months between January and July 2019 remains on track. &bull Progress Lithium Hydroxide downstream JV Agreement with Jiangxi Special Electric Motor Co., Ltd. Offtake negotiations for the remaining unallocated long-term production expected to be significantly progressed.
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Atom99
Master |
01-May-2019 08:32
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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https://www.allianceminerals.com.au/wp-content/uploads/2019/05/02101338.pdf | ||
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sheerluck
Supreme |
29-Apr-2019 12:14
Yells: "Work for your money first then let your money work for you" |
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If Alliance record sale of its own spodueme to its own JV as its own revenue, then it is obvious what is going on. So many examples of companies using private entities to play book. It will only be a matter of time before the truth is out. History always repeat. |
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dyingcat
Veteran |
29-Apr-2019 11:29
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Very good news released this morning via SGX. Strategic benefits of Hydroxide JV to Alliance include: &bull Access to a nearly-completed lithium hydroxide circuit with an existing conversion facility (commissioning of hydroxide circuit to commence in September 2019) &bull Exposure to a diversified, downstream customer base &bull Alliance to further benefit directly from its own high-quality Bald Hill lithium concentrate &bull Profit margin per tonne of spodumene concentrate expected to improve significantly when processed under the Joint Venture compared to selling raw spodumene concentrate(1) &bull Further strengthens the relationship between Alliance and Jiangte, with both companies working together to build relationships with downstream customers and partners |
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johnng
Supreme |
17-Apr-2019 14:42
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soon tua tua rally like TV | ||
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dyingcat
Veteran |
16-Apr-2019 08:34
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Thanks for sharing the info. Hope it will rebound soon towards its target of 0.35.
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Heng1420
Member |
15-Apr-2019 23:49
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https://www.smartkarma.com/insights/discover-singapore-alliance-mineral-supplies-high-quality-lithium-to-ev-buy-at-2x-2020-ev-ebitda | ||
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dyingcat
Veteran |
08-Apr-2019 12:56
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https://www.proactiveinvestors.com.au/companies/news/218095/alliance-mineral-assets-ltd-sets-new-lithium-production-and-shipping-records-at-bald-hill-218095.html Believe such good news can move the price higher. See the action in the afternoon, |
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bicycle
Member |
26-Mar-2019 13:15
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BUZZ &ndash HK &ndash listed stock of Ganfeng Lithium hits 6 &ndash week low on weak profit forecast
25-03-2019 14:35
(Reuters Messaging: [email protected]) GXY is hovering at 52 wk low, ALB is flat on year. Wait and see.
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bicycle
Member |
18-Mar-2019 10:31
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I' m more bullish on GXY than AM now. Not saying AM will not deliver, just than I will put my bet on GXY. Looking to load GXY instead. GXY just closed deal with POSCO for SDV, de-risked, no debt, more stable production and better GM at the moment. |
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Atom99
Master |
15-Mar-2019 10:22
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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Read the Alliance Mineral Announcements here: https://www.allianceminerals.com.au/ |
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earnMeSS
Member |
14-Mar-2019 18:08
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What u have stated, higher cost and impairment etc, is the consequence. The causes can be a long story to tell. I will list down a few for ppl to find out more. I&rsquo m a lazy person lol. 1. Mining permit issue in 2018 2. SDV investment - no news? 3. Less shipment in this quarter 4. Feasibility study to improve yield in 2018 - no news? Anyway, GXY can be a peer to compare but it is quite different as compared to 40F as they are facing different set of problems. Interesting to see the last min buy up in sgx 19.6 compared to closing price or 18.5 in asx. Singaporean investors more ballsy to swallow the upcoming financial report tmr?
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eric998
Supreme |
14-Mar-2019 14:34
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quite good absorbing at 0.190/0.191.. tomorrow D-day.. if market can accept the results.. will chiong up up abpve 0.20.. HUAT!! | ||
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bicycle
Member |
14-Mar-2019 11:21
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Btw, GXY FY2018 presentation in the link. https://www.asx.com.au/asx/share-price-research/company/gxy |
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bicycle
Member |
14-Mar-2019 10:32
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Ok, if what i shared is not helping others , maybe you can share the other half story and help then? | ||
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earnMeSS
Member |
14-Mar-2019 07:12
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Glad that u made profit. however, I will suggest u to dig a little bit more because there are reasons why Galaxy is suffering near 52 week low. It is really easy to find and what u shared is not helping the others as it is just half of the story.
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bicycle
Member |
14-Mar-2019 00:54
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typo..investor Teo wrote for SJ. | ||
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bicycle
Member |
14-Mar-2019 00:50
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I took profit ytd when price recovered on decent volume. I dig around and found investor Teo wrote a bullish article for nextinsight on 12 Mar. However, I korek a bit and found out that Galaxy resources is trading near 52 wk low with PE 4x only! and its one of the most shorted counter in ASX. Also Pilbara. I' m still trying to figure out why given that production was pretty good in 2018 and they sold part of Argentina lithium mine too and cash out some. A quick glance at their FY2018 report suggests high operating expenses, SGA, depreciation, dragging down the profit in 2018. But they have vey good GM. I suggest you guys do a bit of digging and share your views. |
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eric998
Supreme |
08-Mar-2019 11:26
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new CFO.. APPOINTMENT OF CHIEF FINANCIAL OFFICER Alliance Mineral Assets Limited (ASX: A40 SGX: 40F) (Company or Alliance) is pleased to advise that it has appointed Mr Ron Chamberlain as Chief Financial Officer (CFO), commencing 18 March 2019. Mr Chamberlain is a highly credentialed chartered accountant with over 28 years&rsquo experience predominantly in the resources industry in Australia and internationally. Ron has extensive expertise with project development and production accounting, financing, financial risk management and tax structuring. He has held senior roles with ASX 100 and ASX 200 mineral producers including Iluka Resources Limited and Paladin Energy Limited. Mr Chamberlain&rsquo s most recent role was Chief Financial Officer of ASX listed Vimy Resources Limited. Mr Chamberlain replaces Shaun Menezes who resigned following completion of the merger with Tawana Resources NL (Tawana) and Craig Hasson, Tawana&rsquo s CFO who has been fulfilling the interim CFO duties for Alliance and has elected to focus on a commercial role within the merged group. Managing Director Mark Calderwood said: &ldquo On behalf of the Board, I am delighted to welcome Ron as Chief Financial Officer of the Company. The Board is pleased to have secured a finance professional of Mr Chamberlain&rsquo s calibre and his skill set and experience will be a valuable addition to the Alliance executive team as we continue to build our production profile at the Bald Hill Mine, consolidate our balance sheet and finalise additional long term off take arrangements for the balance of our lithium and tantalum production.&rdquo Mark Calderwood Managing Director
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huathuat88888
Elite |
28-Feb-2019 22:21
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Whe you have hong kongers + China Chinese + Aussies mix together = VERY DANGEROUS | ||
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