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It' s not appropriate to calcuate the value of the shares solely based on current sp, so better to treat cash and shares separetly. No doubt lower sp is better for JL, since he obtains extra cash while keeps the same # of shares.
luanboo ( Date: 13-Oct-2017 11:46) Posted:
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BB is distributing at 35.5 cts now. Who else wants to buy? Yuuuhoooo. Good luck
papayaface ( Date: 13-Oct-2017 09:34) Posted:
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I agree with you that it is not JL's intention to push down the SP. At the same time, realistically, i also do not think there is sufficient time and news trigger to push the price up to 50c by 24 October. I sure hope i am wrong though haha..
timothylim890 ( Date: 13-Oct-2017 12:03) Posted:
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You are really making a fool of yourself with all these twisted logic. I guessed you must have shorted the stocks and just wanted to create fear so that you can cover fast. With that, you want to buy more at a cheaper price.
BH would not move this far without the expertise of Tawana and the initial A$20m investment into feasibility studies etc.
There' s a chinese saying 过 河 拆 桥 - after AMAL went over all the difficulties, you now question why we partner Tawana for A$20m.
If you have a secret recipe but don' t have the money and expertise to turn this secret recipe into a successful product, would you partner someone who can help bring you there and both parties succeed together or just hold your recipe tight tight and let it die? Come on, every companies like FB gave away shares to VCs and employees etc to grow into what they are today.
If you really think this way, you are obviously not a business man.
BH would not move this far without the expertise of Tawana and the initial A$20m investment into feasibility studies etc.
There' s a chinese saying 过 河 拆 桥 - after AMAL went over all the difficulties, you now question why we partner Tawana for A$20m.
If you have a secret recipe but don' t have the money and expertise to turn this secret recipe into a successful product, would you partner someone who can help bring you there and both parties succeed together or just hold your recipe tight tight and let it die? Come on, every companies like FB gave away shares to VCs and employees etc to grow into what they are today.
If you really think this way, you are obviously not a business man.
andychew.eh ( Date: 13-Oct-2017 10:16) Posted:
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Both Burwill and Tawana share price speak the truth.
Tawana is up again today. And Burwill already commit to buy for 5 years for their factory.
Tawana is up again today. And Burwill already commit to buy for 5 years for their factory.
This is an interesting analysis, thanks for sharing luanboo.
luanboo ( Date: 13-Oct-2017 11:46) Posted:
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Read this :
Elon Musk is building the world's largest lithium ion battery plant.
He chooses South Australia because of the good quality lithium deposits.
It also means lithium demand will be huge in Australia. Lithium price will go up.
I wont be surprised if Burwill and Jiang Te take more stakes in Amal .
Elon Musk is building the world's largest lithium ion battery plant.
He chooses South Australia because of the good quality lithium deposits.
It also means lithium demand will be huge in Australia. Lithium price will go up.
I wont be surprised if Burwill and Jiang Te take more stakes in Amal .
In that case everyone can throw their whole fortune in lol. Obviously you have not have been investing for long . How many times have this type of things happen only for people to chase and regret. Ask those old birds and they will tell you .
deedee6699 ( Date: 13-Oct-2017 11:51) Posted:
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Just ignore that andychew. He is just a troll. Or he must have shorted before the trading halt.
1 week before 24 Oct, they may do another trading halt and another gap up. 50 cts is very possible to reach. And with HK funds support, it is almost a certainty.
1 week before 24 Oct, they may do another trading halt and another gap up. 50 cts is very possible to reach. And with HK funds support, it is almost a certainty.
Apologies, I posted twice, as the first message didn' t appear after I post.
I thought it was lost - happened to me multiple times in the past.
I thought it was lost - happened to me multiple times in the past.
luanboo ( Date: 13-Oct-2017 11:46) Posted:
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Folks, I don' t think it is true that JL wanted the SP to be as low as possible.
Accordig to TheEdge article on 10 Jul 2017,
" The April 25 agreement also had a put and strike option. If AMA shares did not hit 50 cents six months after the agreement date, which is Oct 24 2017, Pramoko and LWMA would have to pay Lim the sum equivalent to the difference between the volume weighted average price of the seven days prior the date, and 50 cents."
Scenario1 - VWAP = 20c. JL will get $23m ($9.2m in 46m shares, $13.8m cash)
Scenario2 - VWAP = 30c. JL will get $23m ($13.8m in 46m shares, $9.2m cash)
Scenario3 - VWAP = 50c. JL will get $23m ($23m in 46m shares)
Scenario4 - VWAP = 60c. JL will get $27.6m ($27.6m in 46m shares)
If SP remains 50c or below, JL will get $23m - the same under S1 or S2 or S3. Under S1 or S2, if he believes in AMAL' s future and wanted more shares, he can use the cash received to buy more in the market. If he wants more cash, he just offload his 46m shares. He wouldn' t want the share price to tank as he has 46m shares to offload.
If SP goes above 50c (S4), JL stand to gain.
So why would he (a shrew businessman) want to suppress the share prices when he clearly get 46m shares and stand to gain more when share price rises?
Accordig to TheEdge article on 10 Jul 2017,
" The April 25 agreement also had a put and strike option. If AMA shares did not hit 50 cents six months after the agreement date, which is Oct 24 2017, Pramoko and LWMA would have to pay Lim the sum equivalent to the difference between the volume weighted average price of the seven days prior the date, and 50 cents."
Scenario1 - VWAP = 20c. JL will get $23m ($9.2m in 46m shares, $13.8m cash)
Scenario2 - VWAP = 30c. JL will get $23m ($13.8m in 46m shares, $9.2m cash)
Scenario3 - VWAP = 50c. JL will get $23m ($23m in 46m shares)
Scenario4 - VWAP = 60c. JL will get $27.6m ($27.6m in 46m shares)
If SP remains 50c or below, JL will get $23m - the same under S1 or S2 or S3. Under S1 or S2, if he believes in AMAL' s future and wanted more shares, he can use the cash received to buy more in the market. If he wants more cash, he just offload his 46m shares. He wouldn' t want the share price to tank as he has 46m shares to offload.
If SP goes above 50c (S4), JL stand to gain.
So why would he (a shrew businessman) want to suppress the share prices when he clearly get 46m shares and stand to gain more when share price rises?
andychew.eh ( Date: 13-Oct-2017 09:50) Posted:
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Why don't we look it at another way ?
That they will surely lift the share price to 50 cts by 24 Oct ? Or as close as possible like 45 cts ?
HK and Australia funds will come in to support .
That they will surely lift the share price to 50 cts by 24 Oct ? Or as close as possible like 45 cts ?
HK and Australia funds will come in to support .
Folks. I don' t think that it is correct to say that JL wanted the SP to be as low as possible.
Unless we are talking about him buay song with Tjandra. But being a shrew businessman, I believe his objective is make more money.
Let' s revist TheEdge article that mentioned the strike price of 50c, quoted below
" The April 25 agreement also had a put and strike option. If AMA shares did not hit 50 cents six months after the agreement date, which is Oct 24 2017, Pramoko and LWMA would have to pay Lim the sum equivalent to the difference between the volume weighted average price of the seven days prior the date, and 50 cents."
Scenario1 - VWAP SP = 20c, JL will get $23m ($9.2m worth of 46m stocks plus $13.8m in cash)
Scenario2 - VWAP SP = 30c, JL will still get $23m ($13.8 worth of 46m stocks plus $9.2m in cash)
Scenario3 - VWAP SP = 50c, JL will still get $23m ($23m worth of 46m stocks)
Scenario4 - VWAP SP = 60c, JL will get $27.6m ($27.6m worth of 46m stocks)
JL gets the same amount $23m when share price are equal or below 50c.
Under S1 or S2, if he wants more stocks, he would use the cash received to buy more shares. If he wants cash, he can sell off the 46m shares. But net-net, he gets $23m.
I can only see that he benefits when share price rises above 50c. So why would he intentionally sabotage the SP?
Unless we are talking about him buay song with Tjandra. But being a shrew businessman, I believe his objective is make more money.
Let' s revist TheEdge article that mentioned the strike price of 50c, quoted below
" The April 25 agreement also had a put and strike option. If AMA shares did not hit 50 cents six months after the agreement date, which is Oct 24 2017, Pramoko and LWMA would have to pay Lim the sum equivalent to the difference between the volume weighted average price of the seven days prior the date, and 50 cents."
Scenario1 - VWAP SP = 20c, JL will get $23m ($9.2m worth of 46m stocks plus $13.8m in cash)
Scenario2 - VWAP SP = 30c, JL will still get $23m ($13.8 worth of 46m stocks plus $9.2m in cash)
Scenario3 - VWAP SP = 50c, JL will still get $23m ($23m worth of 46m stocks)
Scenario4 - VWAP SP = 60c, JL will get $27.6m ($27.6m worth of 46m stocks)
JL gets the same amount $23m when share price are equal or below 50c.
Under S1 or S2, if he wants more stocks, he would use the cash received to buy more shares. If he wants cash, he can sell off the 46m shares. But net-net, he gets $23m.
I can only see that he benefits when share price rises above 50c. So why would he intentionally sabotage the SP?
andychew.eh ( Date: 13-Oct-2017 09:50) Posted:
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BBs 操 作 not very good.
BBs should do a HUGE FLUSHING....to 29 cts ....
Flush out clean and clean....
Then easy to .....up
I dont see any f
BBs should do a HUGE FLUSHING....to 29 cts ....
Flush out clean and clean....
Then easy to .....up
I dont see any f
Andy, everything is a big if . Anyway there?s a lot of people stuck at 0.35-0.42 during the last pump and dump that make so many stuck at that price , I m pretty sure there are many queuing to sell to recover some cash for holidays etc .
andychew.eh ( Date: 13-Oct-2017 10:45) Posted:
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At current prices , you are paying 10x nav 😱 which is shocking .
He could be worth $150 mil if .....tawana.....
Alvin2042 ( Date: 13-Oct-2017 10:27) Posted:
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3.5 cts ?
michaeltan ( Date: 13-Oct-2017 10:29) Posted:
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Michaeltan : the nav is 0.032 as of now .
michaeltan ( Date: 13-Oct-2017 10:29) Posted:
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What' s NAV of this company?
papayaface ( Date: 13-Oct-2017 10:27) Posted:
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