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Alliance Mineral....The Next Lap.

Latest tomorrow morning before opening of trading.
IMO.

risktaker      ( Date: 11-Oct-2017 13:49) Posted: Meant to say when it lift trading halt.. :) risktaker      ( Date: 11-Oct-2017 13:48) Posted: Alliances shall lead tawana by trading halt...

 

Meant to say when it lift trading halt.. :)

risktaker      ( Date: 11-Oct-2017 13:48) Posted: Alliances shall lead tawana by trading halt...

 

Alliances shall lead tawana by trading halt...

 

Profit taking @ tawana.. my view is tmr we may hve a dip to 34 ...

 

Ok roger

Atom99      ( Date: 11-Oct-2017 11:33) Posted: Risktaker Mind our own business.K?Do not want to provoke unnecessary debate.K?IMO. risktaker      ( Date: 11-Oct-2017 11:27) Posted: Best case gap up 40c.. kill all shortist

 

Risktaker
Mind our own business.K?Do not want to provoke unnecessary debate.K?IMO.

risktaker      ( Date: 11-Oct-2017 11:27) Posted: Best case gap up 40c.. kill all shortist

 

I was wondering why there is no news in AMAL thread though there was a lot happening in TAWANA HC thread...was about to post the details in old thread and found that the details are here in this thread .... Hoping for a 3c gap up in AMAL tmrw...

 

Best case gap up 40c.. kill all shortist

 

Tawana Resources boosts lithium resource by 47%

Tawana Resources (ASX: TAW) has reported a 47% rise in contained lithium at its Ball Hill lithium and tantalum project in Western Australia&rsquo s eastern goldfields.

Tawana Resources managing director Mark Calderwood said the 25 million tonnes of lithium and tantalum represented a &ldquo solid uplift&rdquo to the project.

The updated indicated and inferred resource increased Tawana Resources&rsquo Ball Hill lithium to 223,300 contained tonnes at a 0.5% cut off. Tantalum resources grew to 5.1 million pounds.

&ldquo The additional indicated resources are likely to result in additional reserves based on scoping level pit optimisations completed in June to focus the resource conversion drilling,&rdquo Mr Calderwood added.

According to the company, the updated resources includes only 25% of the known pegmatites in the project&rsquo s south.

&ldquo Due to the fact the resource remains open in several areas, I look forward to further step out drilling planned for the new year,&rdquo Mr Calderwood said.

&ldquo Additionally, the recently discovered high grade lithium and tantalum pegmatite located below the starter pit, has not been included in the resource due to insufficient drilling.&rdquo

Ball Hill development underway, final prepayment received for offtake

The Ball Hill project is subject to a joint venture between Alliance Mineral Assets and Tawana Resources. Tawana Resources holds a 50% in the project&rsquo s lithium rights and is earning a 50% stake in the existing infrastructure and tantalum rights.

A pre-feasibility study was completed in July, which confirmed the viability a 1.2 million tonne per annum lithium processing facility adjacent to the existing tantalum processing plant.

Work on the lithium processing plant is advancing with initial site works nearing completion.

&ldquo The rapid progress being made at the project is very encouraging and gives us great confidence that the Ball Hill Mine will be in production in the quarter ending 31 March 2018,&rdquo Mr Calderwood said.

He added that the company expected to award several key contracts this month for mining, crushing, and power and fuel supply.

First shipment of lithium concentrate is targeted for March 2018.

As part of the lithium concentrate offtake arrangement with Burwill Holdings, Tawana Resources received its third prepayment of $4.37 million for payments totalling $12.5 million.

Under the offtake agreement, Burwill Holdings will receive a fixed price of US$880 per tonne (free on board) for lithium concentrate purchased between March 2018 and December 2019.

 

Worst case ... alliance gap up 36 same as tawana...

bernardc      ( Date: 11-Oct-2017 11:11) Posted: here is the proof Pages:        1     2     Next Date Time Company Name Security Name Announcement Title 11 Oct 2017 10:54:28 AM UNITED OVERSEAS AUSTRALIA LTD UNITED OVERSEAS AUSTRALIA LTD REPL::Scrip Election/ Distribution/ DRP::Choice 11 Oct 2017 10:52:41 AM DOCUFORMAS, S.A.P.I. DE C.V. MULTIPLE Debt - Listing Confirmation::US$150,000,000 9.25% Senior Notes Due 2022 11 Oct 2017 10:52:04 AM MACQUARIE BANK LIMITED MULTIPLE Warrants - Listing Confirmation::Product Listings 11 Oct 2017 10:14:51 AM SINGAPORE EXCHANGE LIMITED SINGAPORE EXCHANGE LIMITED General Announcement::News Release: SGX welcomes IREDA' s inaugural Green Masala bond listing 11 Oct 2017 08:57:02 AM LION ASIAPAC LIMITED LION ASIAPAC LTD Annual Reports and Related Documents:: 11 Oct 2017 08:54:58 AM LION ASIAPAC LIMITED LION ASIAPAC LTD Annual Reports and Related Documents:: 11 Oct 2017 08:53:49 AM LION ASIAPAC LIMITED LION ASIAPAC LTD Cash Dividend/ Distribution::Mandatory 11 Oct 2017 08:48:28 AM LION ASIAPAC LIMITED LION ASIAPAC LTD Annual General Meeting::Voluntary 11 Oct 2017 08:47:13 AM SIA ENGINEERING COMPANY LIMITED SIA ENGINEERING CO LTD Share Buy Back - Daily Share Buy-Back Notice::Share Buy Back - Daily Share Buy Back 11 Oct 2017 08:24:08 AM NEW SILKROUTES GROUP LIMITED NEW SILKROUTES GROUP LIMITED REPL::Placements::PROPOSED PLACEMENT OF 3,068,182 NEW ORDINARY SHARES 11 Oct 2017 07:46:51 AM CITYNEON HOLDINGS LIMITED CITYNEON HOLDINGS LIMITED Extraordinary/ Special General Meeting::Voluntary 11 Oct 2017 07:31:27 AM CROESUS RETAIL ASSET MANAGEMENT PTE. LTD. CROESUS RETAIL TRUST Request for Suspension::Mandatory 11 Oct 2017 07:24:42 AM NEW SILKROUTES GROUP LIMITED NEW SILKROUTES GROUP LIMITED Placements::PROPOSED PLACEMENT OF 3,068,182 NEW ORDINARY SHARES 11 Oct 2017 07:24:11 AM NEW SILKROUTES GROUP LIMITED NEW SILKROUTES GROUP LIMITED Asset Acquisitions and Disposals::MEDIA RELEASE ON PROPOSED ACQUISITION OF 70% OF CERTAIN DENTAL COMPANIES 11 Oct 2017 07:23:43 AM NEW SILKROUTES GROUP LIMITED NEW SILKROUTES GROUP LIMITED Asset Acquisitions and Disposals::PROPOSED ACQUISITION OF 70% OF CERTAIN DENTAL COMPANIES 11 Oct 2017 07:18:00 AM CHINA JISHAN HOLDINGS LIMITED CHINA JISHAN HOLDINGS LIMITED Asset Acquisitions and Disposals::PROPOSED DISPOSAL OF ENTIRE EQUITY INTEREST IN SHAO XING YUE SHENG REAL ESTATE PROPERTY DEV CO LTD 11 Oct 2017 07:00:35 AM DUKANG DISTILLERS HLDGS LTD DUKANG DISTILLERS HLDGS LTD Annual Reports and Related Documents:: 11 Oct 2017 07:00:04 AM DUKANG DISTILLERS HLDGS LTD DUKANG DISTILLERS HLDGS LTD Annual General Meeting::Voluntary 11 Oct 2017 06:59:18 AM GRAND BANKS YACHTS LIMITED GRAND BANKS YACHTS LIMITED Annual Reports and Related Documents:: 11 Oct 2017 06:55:06 AM GRAND BANKS YACHTS LIMITED GRAND BANKS YACHTS LIMITED Annual General Meeting::Voluntary     Loading..   bernardc      ( Date: 11-Oct-2017 11:08) Posted: ther is no annoucemnet over sgx..by amal today...up till now. inside informations arghhhhhhhhhhhhh

 

here is the proof

bernardc      ( Date: 11-Oct-2017 11:08) Posted: ther is no annoucemnet over sgx..by amal today...up till now. inside informations arghhhhhhhhhhhhh

 

ther is no annoucemnet over sgx..by amal today...up till now.
inside informations arghhhhhhhhhhhhh

 

Useful! Thanks for compiling.

Atom99      ( Date: 11-Oct-2017 08:08) Posted: Bro I will use this thread becos it adeptly describe " AMAL ...Next Lap" The other thread " ...$1.38" quite sensitive becos after " Kana" complain ...mislead people just like CEO says " AMAL is worth $1" . IMO. AMAL Resource and upgrade announced this morning. Resource Category Tonnes ( Mt) Grade Li20 % Contained LizO Tonnes Grade Ta205 ppm Contained Ta20s (,000) Lbs Indicated 8.0 1.18 95,000 190 2,800 Inferred               10.9 1.18 128,300   2,300 Total 18.9 1.18 223,300 149 5,100 RedEye1811      ( Date: 11-Oct-2017 07:57) Posted: Bro: As we got two threads running at moment, I also pasted your comments in the other as some of the old timers there

 

Hahaha the avoidance thing is my guess lah. But hey coincidence right? It's quite a smart way though if that's the case.

RedEye1811      ( Date: 11-Oct-2017 10:10) Posted: I would tend to concur with you that Section 750 Paragraph 1 applies not Paragraph 2. So it should be short in duration. The drag is likely to get the QPR in the right format as set out in paragraph 5 of Practice Note 6.3. Can definitely be wrong, but IMO that should be the case. Not certain they put upgrade at 47% to avoid Section 750 Paragraph 2 requirements but as per TAW announcement it interesting the lithium/tantalum found under open pit as per Aug 2 announcement is not included due to " insufficient drilling" . Hey, that likely the case, but it a nice way of avoid the 50% benchmark...:)!! furnaces      ( Date: 11-Oct-2017 09:58) Posted: Thanks for the info. I notice the clause. If less than 50% increase, you don't need IQPR, only need QPR. This upgrade was purposely done at 47% increase. I think it's done to prevent this . QPR mark Calderwood will be good enough. So if just QPR it will be relatively fast

 

I would tend to concur with you that Section 750 Paragraph 1 applies not Paragraph 2. So it should be short in duration. The drag is likely to get the QPR in the right format as set out in paragraph 5 of Practice Note 6.3.

Can definitely be wrong, but IMO that should be the case.

Not certain they put upgrade at 47% to avoid Section 750 Paragraph 2 requirements but as per TAW announcement it interesting the lithium/tantalum found under open pit as per Aug 2 announcement is not included due to " insufficient drilling" . Hey, that likely the case, but it a nice way of avoid the 50% benchmark...:)!!

furnaces      ( Date: 11-Oct-2017 09:58) Posted: Thanks for the info. I notice the clause. If less than 50% increase, you don't need IQPR, only need QPR. This upgrade was purposely done at 47% increase. I think it's done to prevent this . QPR mark Calderwood will be good enough. So if just QPR it will be relatively fast. RedEye1811      ( Date: 11-Oct-2017 09:49) Posted: By way of full information, I think it is Rule 750 of Catalist listing rules as per follows: 750 A mineral, oil and gas company must comply with the following: (1) Make immediate announcement involving any material changes to the reserves or resources, including (a) the basis upon which the issuer asserts the existence of any new material reserves or resources that has not been previously disclosed, where applicable and (b) a qualified person' s report prepared in accordance with the requirements set out in paragraph 5 of  Practice Note 6.3. The announcement must include a statement that the reserve and resource estimates stated in the announcement have been reviewed by a qualified person and in accordance with the disclosure requirements in Practice Note 6.3. The issuer must announce the qualified person' s report as soon as practicable. Where the announcement involves the reporting of new material reserves or resources that have not been previously disclosed, or a 50% change or more in reserves or resources that have been previously reported on, the qualified person' s report must be signed off by an independent qualified person who meets the requirements in  Rule 210(9)(b) and the contents of the qualified person' s report must comply with the requirements as set out in paragraph 5 of  Practice Note 6.3. (2) Make immediate announcement of any change in the Standard adopted by the issuer, including the reasons for the change and the impact, if any, on its existing stated level of reserves and resources. IMO opinion the sticking point is likely to be in respect to the qualified person' s report (I highlighted in bold above). Getting the qualified opinion may take a while. Hope that clarifies.

 

wow. Tawana touched an all time high of 38 cents before dipping a little. 

 

Thanks for the info. I notice the clause. If less than 50% increase, you don't need IQPR, only need QPR. This upgrade was purposely done at 47% increase. I think it's done to prevent this . QPR mark Calderwood will be good enough.

So if just QPR it will be relatively fast.

RedEye1811      ( Date: 11-Oct-2017 09:49) Posted: By way of full information, I think it is Rule 750 of Catalist listing rules as per follows: 750 A mineral, oil and gas company must comply with the following: (1) Make immediate announcement involving any material changes to the reserves or resources, including (a) the basis upon which the issuer asserts the existence of any new material reserves or resources that has not been previously disclosed, where applicable and (b) a qualified person' s report prepared in accordance with the requirements set out in paragraph 5 of  Practice Note 6.3. The announcement must include a statement that the reserve and resource estimates stated in the announcement have been reviewed by a qualified person and in accordance with the disclosure requirements in Practice Note 6.3. The issuer must announce the qualified person' s report as soon as practicable. Where the announcement involves the reporting of new material reserves or resources that have not been previously disclosed, or a 50% change or more in reserves or resources that have been previously reported on, the qualified person' s report must be signed off by an independent qualified person who meets the requirements in  Rule 210(9)(b) and the contents of the qualified person' s report must comply with the requirements as set out in paragraph 5 of  Practice Note 6.3. (2) Make immediate announcement of any change in the Standard adopted by the issuer, including the reasons for the change and the impact, if any, on its existing stated level of reserves and resources. IMO opinion the sticking point is likely to be in respect to the qualified person' s report (I highlighted in bold above). Getting the qualified opinion may take a while. Hope that clarifies. furnaces      ( Date: 11-Oct-2017 09:39) Posted: Likely Alliance has to prepare another report to comply with catalist ruling. So the format will be different from Tawana. So let Tawana release first using their format. As this is a resource upgrade and not reserve upgrade. I'm quite sure it won't hit more than 3 days halt. Just need some time to conform to the format

 

By way of full information, I think it is Rule 750 of Catalist listing rules as per follows:

750
A mineral, oil and gas company must comply with the following:

furnaces      ( Date: 11-Oct-2017 09:39) Posted: Likely Alliance has to prepare another report to comply with catalist ruling. So the format will be different from Tawana. So let Tawana release first using their format. As this is a resource upgrade and not reserve upgrade. I'm quite sure it won't hit more than 3 days halt. Just need some time to conform to the format. amlithiumpower      ( Date: 11-Oct-2017 09:30) Posted: Just realised AM corporate logo is missing at the usual top right corner of the announcement. Any reason for that? To avoid the delay of sponsor vetting so Tawana can release first? Or yesterday AM received a copy of it and they need sponsor to vet and hence halt again and Tawana have to release themselves first to account for their sudden SP up if not they kena speeding ticket from ASX. Not significant but just puzzled on their arrangement

 

Agreed. Might be today later or tomorrow it will be released.

furnaces      ( Date: 11-Oct-2017 09:39) Posted: Likely Alliance has to prepare another report to comply with catalist ruling. So the format will be different from Tawana. So let Tawana release first using their format. As this is a resource upgrade and not reserve upgrade. I'm quite sure it won't hit more than 3 days halt. Just need some time to conform to the format. amlithiumpower      ( Date: 11-Oct-2017 09:30) Posted: Just realised AM corporate logo is missing at the usual top right corner of the announcement. Any reason for that? To avoid the delay of sponsor vetting so Tawana can release first? Or yesterday AM received a copy of it and they need sponsor to vet and hence halt again and Tawana have to release themselves first to account for their sudden SP up if not they kena speeding ticket from ASX. Not significant but just puzzled on their arrangement

 

Ya. think I remember vividly that time they also halt and Tawana did not halt for resource upgrade announcement.
So project update they can jointly announce while resource/reserves upgrade Am have to get their sponsor to vet through it I guess.
If thats affirmative, then this halt might be solely point towards this direction rather than Tantalum offtake. 

RedEye1811      ( Date: 11-Oct-2017 09:38) Posted: IMO it can be attributed to the Catalist regulations governing mining interests and update on resources/reserves as per the previous resource announcement. I apologize but cannot recall precise regulation at moment. However, if memory serves me right then need independent verification. TAW not subject to these regulations so can announce straight away. So they highly likely disclosed it but to avoid putting AMAL in a hole disclose individually. AMAL will need comply SGX listing regulations on Catalist firms relative to mining before can announce. amlithiumpower      ( Date: 11-Oct-2017 09:30) Posted: Just realised AM corporate logo is missing at the usual top right corner of the announcement. Any reason for that? To avoid the delay of sponsor vetting so Tawana can release first? Or yesterday AM received a copy of it and they need sponsor to vet and hence halt again and Tawana have to release themselves first to account for their sudden SP up if not they kena speeding ticket from ASX. Not significant but just puzzled on their arrangement