Alita Resources    Last:0.078   -

alliance mineral resources move up

Atom , lithium must be working this trade or even in the company or similar. Interesting info even in wee hours of the AM as well as timing 

 

Guys, Tawana is now sitting right at its 52 week high, $0.29.

Cheers!

 

https://www.theedgesingapore.com/alliance-mineral-assets-and-burwill-agree-alter-terms-bald-hill-project-take-agreement

 

I remember my friend being very worried as he entered this investment around the same time as me (also with much more capital). I have spent the last few months assuring him with analysis and confidence in the future...I almost felt like a salesman. this has helped shore up my own confidence as well =)

Steady28      ( Date: 05-Oct-2017 08:11) Posted: very puny statement. there was once i was napping, from 12 to 3pm, it went down close to 15 to 20%...   when the wolf saga came, a few nights i couldnt sleep well. dont dare to see my potential losses... haha i rmb these two incidents very very clearly. didnt dare to even tell my partner.  Atom99      ( Date: 05-Oct-2017 08:08) Posted: Bro " a few hair-raising times" that is an understatement.

 

very puny statement. there was once i was napping, from 12 to 3pm, it went down close to 15 to 20%...   when the wolf saga came, a few nights i couldnt sleep well. dont dare to see my potential losses... haha i rmb these two incidents very very clearly. didnt dare to even tell my partner. 

Atom99      ( Date: 05-Oct-2017 08:08) Posted: Bro " a few hair-raising times" that is an understatement.

 

Bro
" a few hair-raising times" that is an understatement.

 

I must say I' ve learned a lot from this investment, although the timing of my entry points could have been a lot better =) Nonetheless good to see things falling into place!

Longist bros we rode out a few hair-raising times so now let' s sit tight and huat together!

 

haha sure, esp to our good friend. actually i dont mind all the heated arguments presented, it will allow us to be sharper. 

RedEye1811      ( Date: 05-Oct-2017 07:59) Posted: Please note my comment was very tongue in cheek. I hope now for some rise. Steady28      ( Date: 05-Oct-2017 07:39) Posted: i just hope that it gap up and increase gradually. the chart will be nicer. gonna monitor the buy and sell queue later. see the bb' s magic. but all things being said, some times good news, share price also can drop. we just need to assess, low expectations first. lo

 

Good Morning 😃 vested Members,
I guess a lot of people are skeptical abt mining company becos they are stung by the ABL saga.And recently,ISR which it took them the 3rd reports to be accepted by SGX.From a initial valuation of the rare earth mines at 1billion to 48 million.
I believe AMAL is doing the right things by following SGX mining rules... and to ensure no misleading information are announced.More importantly, accurately and diligently.They includes TAW and Burwill mgt. will have to go to jail if they mislead the investors.
  Here on, the road to prosperity is much much better... 

amlithiumpower      ( Date: 05-Oct-2017 07:40) Posted: Hi RedEye1811, I think is all the bros research and hardwork here that enable meaning discussion and tossing of ideas. I was too intrigued by the mentioned Temasek involvement in this little unknown company and I entered at its then high at 13.8 and 13.9c with 100 lots each. I was also shaky when it went down all the way to 8.8c. The more it went down, the more I researched intensively. Guess it paid off after all.  Ok, let' s not be too happy for now. Wait someone will say we counting chicken before it hatch again. RedEye1811      ( Date: 05-Oct-2017 07:19) Posted: Bros: I definitely here. I one of those that saw AMAL as not being on the radar 18 months back due to losses but when started to show life with TAW tie-up and lithium I came in after reading comments/analysis by @Atom99 and @amlithiumpower (owe them there). I kept focusing on the turnaround story. Totally agree could have cut and run when SP dropped, JL rumble and losses kept coming. But now that funding in place with little or no debt, initial resource announcement and upgrade to come, and hopefully the tantalum off take then can on reinforce confidence of growth to come.

 

Looks like the market likes the latest news. Hope it is the same for AMAL

furnaces      ( Date: 05-Oct-2017 07:23) Posted: Tawana opened with a bang at $0.28 now. Going to surpass it's 52 weeks high of $0.29 soon. Imagine what price Alliance will trade at later.

 

Please note my comment was very tongue in cheek. I hope now for some rise.

Steady28      ( Date: 05-Oct-2017 07:39) Posted: i just hope that it gap up and increase gradually. the chart will be nicer. gonna monitor the buy and sell queue later. see the bb' s magic. but all things being said, some times good news, share price also can drop. we just need to assess, low expectations first. lol RedEye1811      ( Date: 05-Oct-2017 07:30) Posted: Bro: Naturally papayaface and his powerful shortist buddies will naturally push the SP down right? He always telling us how powerful they are and they control the SP so surely SP down? :)!!

 

Hi RedEye1811, I think is all the bros research and hardwork here that enable meaning discussion and tossing of ideas. I was too intrigued by the mentioned Temasek involvement in this little unknown company and I entered at its then high at 13.8 and 13.9c with 100 lots each. I was also shaky when it went down all the way to 8.8c. The more it went down, the more I researched intensively. Guess it paid off after all. 
Ok, let' s not be too happy for now. Wait someone will say we counting chicken before it hatch again.

RedEye1811      ( Date: 05-Oct-2017 07:19) Posted: Bros: I definitely here. I one of those that saw AMAL as not being on the radar 18 months back due to losses but when started to show life with TAW tie-up and lithium I came in after reading comments/analysis by @Atom99 and @amlithiumpower (owe them there). I kept focusing on the turnaround story. Totally agree could have cut and run when SP dropped, JL rumble and losses kept coming. But now that funding in place with little or no debt, initial resource announcement and upgrade to come, and hopefully the tantalum off take then can on reinforce confidence of growth to come.  Steady28      ( Date: 05-Oct-2017 06:10) Posted: But a lot of investors quit half way, which is seemingly the right thing to do for a discipline investor to put a stop loss. I only see a few familiar faces here now. Lol. Hopefully those who quit or havent had a chance to invest, invest now? Hehe generate the momentum. I hope it gap up.

 

i just hope that it gap up and increase gradually. the chart will be nicer. gonna monitor the buy and sell queue later. see the bb' s magic.

but all things being said, some times good news, share price also can drop. we just need to assess, low expectations first. lol

RedEye1811      ( Date: 05-Oct-2017 07:30) Posted: Bro: Naturally papayaface and his powerful shortist buddies will naturally push the SP down right? He always telling us how powerful they are and they control the SP so surely SP down? :)!!! furnaces      ( Date: 05-Oct-2017 07:23) Posted: Tawana opened with a bang at $0.28 now. Going to surpass it's 52 weeks high of $0.29 soon. Imagine what price Alliance will trade at later.

 

RedEye1811      ( Date: 05-Oct-2017 07:30) Posted: Bro: Naturally papayaface and his powerful shortist buddies will naturally push the SP down right? He always telling us how powerful they are and they control the SP so surely SP down? :)!!! furnaces      ( Date: 05-Oct-2017 07:23) Posted: Tawana opened with a bang at $0.28 now. Going to surpass it's 52 weeks high of $0.29 soon. Imagine what price Alliance will trade at later.

 

yes, i know of only a few staunch supporters and you are one of them. imagine when there are no trading restrictions on other platforms, and when amal starts to deliver, generate positive income... hehe. 

RedEye1811      ( Date: 05-Oct-2017 07:19) Posted: Bros: I definitely here. I one of those that saw AMAL as not being on the radar 18 months back due to losses but when started to show life with TAW tie-up and lithium I came in after reading comments/analysis by @Atom99 and @amlithiumpower (owe them there). I kept focusing on the turnaround story. Totally agree could have cut and run when SP dropped, JL rumble and losses kept coming. But now that funding in place with little or no debt, initial resource announcement and upgrade to come, and hopefully the tantalum off take then can on reinforce confidence of growth to come.  Steady28      ( Date: 05-Oct-2017 06:10) Posted: But a lot of investors quit half way, which is seemingly the right thing to do for a discipline investor to put a stop loss. I only see a few familiar faces here now. Lol. Hopefully those who quit or havent had a chance to invest, invest now? Hehe generate the momentum. I hope it gap up.

 

Bro: Naturally papayaface and his powerful shortist buddies will naturally push the SP down right? He always telling us how powerful they are and they control the SP so surely SP down? :)!!!

furnaces      ( Date: 05-Oct-2017 07:23) Posted: Tawana opened with a bang at $0.28 now. Going to surpass it's 52 weeks high of $0.29 soon. Imagine what price Alliance will trade at later.

 

Tawana opened with a bang at $0.28 now. Going to surpass it's 52 weeks high of $0.29 soon.

Imagine what price Alliance will trade at later.

 

Bros: I definitely here. I one of those that saw AMAL as not being on the radar 18 months back due to losses but when started to show life with TAW tie-up and lithium I came in after reading comments/analysis by @Atom99 and @amlithiumpower (owe them there). I kept focusing on the turnaround story.

Totally agree could have cut and run when SP dropped, JL rumble and losses kept coming. But now that funding in place with little or no debt, initial resource announcement and upgrade to come, and hopefully the tantalum off take then can on reinforce confidence of growth to come. 

Steady28      ( Date: 05-Oct-2017 06:10) Posted: But a lot of investors quit half way, which is seemingly the right thing to do for a discipline investor to put a stop loss. I only see a few familiar faces here now. Lol. Hopefully those who quit or havent had a chance to invest, invest now? Hehe generate the momentum. I hope it gap up. luanboo      ( Date: 05-Oct-2017 06:01) Posted: What's important is AMAL is now fully funded with minimum debt to ride the upsurgiing lithium wave. All the financial woes and obstacles had been addressed. Now it's the time to thrive and the rest is just history. For me and I believe many others who had invested, we already knew the company was in bad shape due to the few years of losses since listed in 2014. We had invested because of the turnaround story and it's potentials to produce revenue and cashflow in the near future. Let's move ahead and rewards the believers.

 

I agree with you that negotiations on the adjustment to the off-take and additional funding would have been in works for number of weeks. Seriously doubt each party woke up overnight and suddenly decided on September 28/29 to create a deal. Perhaps when SP began to climb is first indication serious negotiations were in play.

In regard to timing of agreement, it quite fortuitous (or well planned to be correct) to sign the subscription agreement at time of releasing the statements of the auditor. As indicated in the audited financial statements provided before in Note 2(c) there were serious concerns about being an on-going concern. It was indicated in the Note that additional funding would be needed. This point was re-emphasized by the auditor. If the comments of the auditor had been released separately then this could have raised some eyebrows and nerves.

But by releasing auditor comments, and then the agreement on additional funding it takes the sting completely out of Note 2(c) and auditor concerns. The question on getting additional funding in 4th Qtr 2017 to ensure being a going concern is answered quickly at start of quarter so issue need not drag. Killing a few birds with a single stone.

Steady28      ( Date: 05-Oct-2017 05:36) Posted: BBs had done the samel for burwill based on their share price correlations. I opined that both the co. had been working on the shares subscription ar least few weeks back, maybe bcl is privy to the resource upgrade and update. It' s a booster for such an injection of funds. I' m more intrigued about the saga episode. if the wolf never made an issue out of it, wherein the share price dropped to 0.22, wiping out most of the retailers who bought had high 0.35 to 0.42, then bcl would potentially be paying for the shares subscription at a higher weighted average (which might not be as attractive). so this saga turns out to be a blessing in disguise?  i shared the same sentiment on the timeline for the receipt of funds from bcl. now with this shares placement, next will be the tantalum off take, resource upgrade, pipeline of construction works at bald hill, business continuity and sustainability by highlight the finanical liquidity and stability. very interesting.  amlithiumpower      ( Date: 05-Oct-2017 05:14) Posted: Something intrigued me. Ha&hellip they know they have to convert the prepayment into shares subscription regardless how much is the conversion and final price to able to make the same payment out on 30 Sep 17 which is a Sat. Quickly, AM issue a trading halt early on Monday morning 2 Oct 17 in order to discuss in details, by which all the VWAP and last trading price had already set. 14 Sep 17 was the last reversal for SP to rebound from its low. So, before all these happen, I suppose the insiders and the BBs have already know or are tasked to ramp up the SP for the ideal 0.2972 VWAP. Ha&hellip maybe we should all go and buy a lottery ticket on this number 2972. Let&rsquo s break down the details. 1) Burwill negotiated for a win by converting the last prepayment into a share placement. However, the prepayment will be repaid by 15% instead of 20%. 2) Burwill will need to extend A$4.8m loan at 11% interest rate by 30 Oct 17 which is a secured loan tied to the AM&rsquo s interest in the new plant, all loans and interest payable by 31 Dec 19. 3) Ok, the delivery date for first shipment is delayed to April 2018. Wow&hellip I thought this is a offtake agreement and placement subscription. Seems like a updated operational process. 4) Now AM will sell all its share of the production up to 40k tonnes annually. Interestingly, Burwill had already exercised its right to purchase all excess for the first 2 years. Now let&rsquo s drill into the shares placement and its timeline. A$4.75m for 17,408,077 shares on 30 Sep 17 (S$0.26748) A$5.0m for 19,894,945 shares on or before 6 Oct 17 (S$0.26748) A$5.2m for 19,601,756 shares on or before 15 Oct 17 (S$0.28234) A$5.0m for 17,905,450 shares by 31 Dec 17 (S$0.2972) At one glance, it might look a decent timeline to receive the money. But after serious thoughts on it, I believe it will be a timeline for release of vital news. 30 Sep 17, 6 Oct 17, 15 Oct 17 are too close to say that Burwill need more time to raise the money. It seems to be various checkpoints for AM to deliver so Burwill will be able to release the money comfortably. Minus A$4.75m from this new agreement, Burwill have committed additional A$20m (5.0+5.2+5.0 and loan of 4.8m). With this kind of funding commitment, I think there should not be any issue for the plant working capital requirements already. It will be interesting to see if how Tawana is going to raise their commitment on it since Lithco is not a listed company for Burwill to be interested in their equity.

 

Well, I would have think if not for Joanathan Saga, CEO would not need to ask Burwill for help to get in at this stage. Remember the first offtake was negotiated without any equity compromise unlike the deal between NAL and Burwill. Nonetheless, since the development is Jonathan would like to snatch away so much of CEO shares with the embedded 50c checkpoint penalty by 24 Oct 17, CEO really have no choice to invite Burwill in. 

The contrasting difference between AM and Tawana is the Jonathan Saga, and because of this, AM get equity injection from Burwill only without Tawana involvement. I' m thinking when Tawana did halt their shares and the following day released announcement that they received the 3rd prepayment. Maybe they are involved in the initial discussion as well, maybe AM ask them to do it to stun AM traders so that it create some panic intitally to say AM did not receive and Tawana receive as during the 2nd prepayment, Tawana did not halt to announce that they receive the prepayment. Ha... Just an observation on their delicate plannings and executions. 

Steady28      ( Date: 05-Oct-2017 05:36) Posted: BBs had done the samel for burwill based on their share price correlations. I opined that both the co. had been working on the shares subscription ar least few weeks back, maybe bcl is privy to the resource upgrade and update. It' s a booster for such an injection of funds. I' m more intrigued about the saga episode. if the wolf never made an issue out of it, wherein the share price dropped to 0.22, wiping out most of the retailers who bought had high 0.35 to 0.42, then bcl would potentially be paying for the shares subscription at a higher weighted average (which might not be as attractive). so this saga turns out to be a blessing in disguise?  i shared the same sentiment on the timeline for the receipt of funds from bcl. now with this shares placement, next will be the tantalum off take, resource upgrade, pipeline of construction works at bald hill, business continuity and sustainability by highlight the finanical liquidity and stability. very interesting.  amlithiumpower      ( Date: 05-Oct-2017 05:14) Posted: Something intrigued me. Ha&hellip they know they have to convert the prepayment into shares subscription regardless how much is the conversion and final price to able to make the same payment out on 30 Sep 17 which is a Sat. Quickly, AM issue a trading halt early on Monday morning 2 Oct 17 in order to discuss in details, by which all the VWAP and last trading price had already set. 14 Sep 17 was the last reversal for SP to rebound from its low. So, before all these happen, I suppose the insiders and the BBs have already know or are tasked to ramp up the SP for the ideal 0.2972 VWAP. Ha&hellip maybe we should all go and buy a lottery ticket on this number 2972. Let&rsquo s break down the details. 1) Burwill negotiated for a win by converting the last prepayment into a share placement. However, the prepayment will be repaid by 15% instead of 20%. 2) Burwill will need to extend A$4.8m loan at 11% interest rate by 30 Oct 17 which is a secured loan tied to the AM&rsquo s interest in the new plant, all loans and interest payable by 31 Dec 19. 3) Ok, the delivery date for first shipment is delayed to April 2018. Wow&hellip I thought this is a offtake agreement and placement subscription. Seems like a updated operational process. 4) Now AM will sell all its share of the production up to 40k tonnes annually. Interestingly, Burwill had already exercised its right to purchase all excess for the first 2 years. Now let&rsquo s drill into the shares placement and its timeline. A$4.75m for 17,408,077 shares on 30 Sep 17 (S$0.26748) A$5.0m for 19,894,945 shares on or before 6 Oct 17 (S$0.26748) A$5.2m for 19,601,756 shares on or before 15 Oct 17 (S$0.28234) A$5.0m for 17,905,450 shares by 31 Dec 17 (S$0.2972) At one glance, it might look a decent timeline to receive the money. But after serious thoughts on it, I believe it will be a timeline for release of vital news. 30 Sep 17, 6 Oct 17, 15 Oct 17 are too close to say that Burwill need more time to raise the money. It seems to be various checkpoints for AM to deliver so Burwill will be able to release the money comfortably. Minus A$4.75m from this new agreement, Burwill have committed additional A$20m (5.0+5.2+5.0 and loan of 4.8m). With this kind of funding commitment, I think there should not be any issue for the plant working capital requirements already. It will be interesting to see if how Tawana is going to raise their commitment on it since Lithco is not a listed company for Burwill to be interested in their equity.