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I cannot wait for the AGM. Looking forward to that as number of issues to get more info on. And to see the different sides of politics. If SP hit 50c by end Oct then I will definitely take a cab to the AGM and forget the bus. But not counting my chickens yet. I like the moves for number of reasons.
Now tell me when and where AGM is, and bring on the upgrades on this baby (though if some want to sell me more shares at a bargain happy to snap them up - still got dry ammo).
amlithiumpower ( Date: 04-Oct-2017 19:16) Posted:
Yes. I' m thinking perhaps CEO ask Burwill to help him to boast the SP beyond 50c by 24 Oct 17 so he do not need to pay Jonathan part c of the deal. Which Burwill will get a significant stake in AM, doing so will also help to dilute Jonathan holdings in AM. This move is a brilliant move to think of how CEO can save his own skin. Ha... 50c by 24 Oct 17, what' s the odds now?
RedEye1811 ( Date: 04-Oct-2017 19:09) Posted:
| Congrats Bro. Overall I am quite pleased. Hey, perhaps some may be scared and sell and I can grab a bundle more shares tomorrow. With BS being strengthened it will be just the right tonic if tantalum off-take is signed, additional information on construction, resource upgrade and so forth in October comes into being. Looks like Oct will be a big month |
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Yes. I' m thinking perhaps CEO ask Burwill to help him to boast the SP beyond 50c by 24 Oct 17 so he do not need to pay Jonathan part c of the deal. Which Burwill will get a significant stake in AM, doing so will also help to dilute Jonathan holdings in AM. This move is a brilliant move to think of how CEO can save his own skin. Ha... 50c by 24 Oct 17, what' s the odds now?
RedEye1811 ( Date: 04-Oct-2017 19:09) Posted:
Congrats Bro. Overall I am quite pleased. Hey, perhaps some may be scared and sell and I can grab a bundle more shares tomorrow. With BS being strengthened it will be just the right tonic if tantalum off-take is signed, additional information on construction, resource upgrade and so forth in October comes into being. Looks like Oct will be a big month.
amlithiumpower ( Date: 04-Oct-2017 19:04) Posted:
Ha... There' s no prize for guessing correct. However, most probably AM need the sponsor to vet through and released by tmr morning 7.30am due to 72 hours timeframe. Hope I' m right for this as well.
Congrat to all holders! May we huat huat together. For those not yet on board, please join as soon as you all can |
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Agree with the points. Less liability on AMAL for offtake that needs to go back to Burwill is nice. Other great points. Looking up and up.
amlithiumpower ( Date: 04-Oct-2017 19:08) Posted:
These are the 3 key extracts from the announcement.
Out of the Subscription Price of AUD19,575,000, AUD4,375,000 of the Subscription Price was paid on 30 September 2017 in lieu of the final payment of the advance payment under the Offtake Agreement and the advance payment under the Offtake Agreement will be correspondingly reduced
AMAL shall appoint, and shall procure its board of directors to appoint, a candidate nominated by BCL to AMAL&rsquo s board as an non-executive director of AMAL
Through the Subscription, the Company not only can secure its interests under the Offtake Agreement, but also enjoy the increase in value of AMAL shares, which is in line with the Company' s business strategy development direction.
RedEye1811 ( Date: 04-Oct-2017 19:03) Posted:
At first read through the fact it for shares plagues me with the dilution level. The subscription price is okay for myself but for those with higher average cost may not be welcome. The size on the buy-in though is great for ensuring working capital needs met so good tick of box on that.
But like to see fineprint from AMAL. |
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Congrats Bro. Overall I am quite pleased. Hey, perhaps some may be scared and sell and I can grab a bundle more shares tomorrow. With BS being strengthened it will be just the right tonic if tantalum off-take is signed, additional information on construction, resource upgrade and so forth in October comes into being. Looks like Oct will be a big month.
amlithiumpower ( Date: 04-Oct-2017 19:04) Posted:
Ha... There' s no prize for guessing correct. However, most probably AM need the sponsor to vet through and released by tmr morning 7.30am due to 72 hours timeframe. Hope I' m right for this as well.
Congrat to all holders! May we huat huat together. For those not yet on board, please join as soon as you all can.
risktaker ( Date: 04-Oct-2017 14:33) Posted:
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These are the 3 key extracts from the announcement.
Out of the Subscription Price of AUD19,575,000,
AUD4,375,000 of the Subscription Price was paid on 30 September 2017 in lieu of the final payment of the advance payment under the Offtake Agreement and the advance payment under the Offtake Agreement will be correspondingly reduced
AMAL shall appoint, and shall procure its board of directors to appoint, a
candidate nominated by BCL to AMAL&rsquo s board as an non-executive director of AMAL
Through the Subscription, the Company not only can secure its interests under the Offtake Agreement, but also
enjoy the increase in value of AMAL shares, which is in line with the Company' s business strategy development direction.
RedEye1811 ( Date: 04-Oct-2017 19:03) Posted:
At first read through the fact it for shares plagues me with the dilution level. The subscription price is okay for myself but for those with higher average cost may not be welcome. The size on the buy-in though is great for ensuring working capital needs met so good tick of box on that.
But like to see fineprint from AMAL. |
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Ha... There' s no prize for guessing correct. However, most probably AM need the sponsor to vet through and released by tmr morning 7.30am due to 72 hours timeframe. Hope I' m right for this as well.
Congrat to all holders! May we huat huat together. For those not yet on board, please join as soon as you all can.
risktaker ( Date: 04-Oct-2017 14:33) Posted:
next week
sheerluck ( Date: 04-Oct-2017 14:33) Posted:
| Very well deduction. Let see if we can know by end of today |
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At first read through the fact it for shares plagues me with the dilution level. The subscription price is okay for myself but for those with higher average cost may not be welcome. The size on the buy-in though is great for ensuring working capital needs met so good tick of box on that.
But like to see fineprint from AMAL.
http://burwill.todayir.com/attachment/2017100418320100002938713_en.pdf
naocan ( Date: 04-Oct-2017 18:53) Posted:
| Price below $0.28 is cheap. :) |
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Price below $0.28 is cheap. :)
Thanks. You beat me to it. I just saw it before saw your post. Now to digest. It big subscription. Just need work it out. Dilution impact?
furnaces ( Date: 04-Oct-2017 18:43) Posted:
| Nobody know news is out meh? Go Burwill website. Huge subscription form Burwill A$19mil. |
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Nobody know news is out meh? Go Burwill website. Huge subscription form Burwill A$19mil.
...you mean Burwill?
andychew.eh ( Date: 04-Oct-2017 15:15) Posted:
You believe the story. I said I dont believe so what is your problem ?
Dont be scared or worry if you are firm & confident.
Btw, if you have high lithium deposits, those big china firms will come knocking on your door, with tonnes of cash.
risktaker ( Date: 04-Oct-2017 15:11) Posted:
| Dont mislead investors here.... first money already recieved and JORC report out.... u can get into alot of trouble u know.. |
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Sponsor issue what u can do.?
ahhuat08 ( Date: 04-Oct-2017 17:16) Posted:
TH+3 is tomorrow, if this evening and tomorrow morning no lifting of TH, it will be suspended for the 3rd time this year.
Seriously, a suspension is breaking the momemtum of the counter and it doesnt bode well for its share price at all. |
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TH+3 is tomorrow, if this evening and tomorrow morning no lifting of TH, it will be suspended for the 3rd time this year.
Seriously, a suspension is breaking the momemtum of the counter and it doesnt bode well for its share price at all.
U really have no idea.. lol
andychew.eh ( Date: 04-Oct-2017 15:15) Posted:
You believe the story. I said I dont believe so what is your problem ?
Dont be scared or worry if you are firm & confident.
Btw, if you have high lithium deposits, those big china firms will come knocking on your door, with tonnes of cash.
risktaker ( Date: 04-Oct-2017 15:11) Posted:
| Dont mislead investors here.... first money already recieved and JORC report out.... u can get into alot of trouble u know.. |
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suspension coming???
Atom99 ( Date: 04-Oct-2017 15:23) Posted:
Amazingly, suddenly there are so many doubters/naysayers.( Any hidden agenda....)
To invest or trade or avoid, the decision belongs to the members who are vested with AMAL.
I believe what whatever are posted in SJ... Always take it with a pinch of Lithium.
Fun fact : Do you know that Lithium is the " Pencillin of Mental health" .
DYOR and DOYDD.
andychew.eh ( Date: 04-Oct-2017 15:15) Posted:
You believe the story. I said I dont believe so what is your problem ?
Dont be scared or worry if you are firm & confident.
Btw, if you have high lithium deposits, those big china firms will come knocking on your door, with tonnes of cash.
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Amazingly, suddenly there are so many doubters/naysayers.( Any hidden agenda....)
To invest or trade or avoid, the decision belongs to the members who are vested with AMAL.
I believe what whatever are posted in SJ... Always take it with a pinch of Lithium.
Fun fact : Do you know that Lithium is the " Pencillin of Mental health" .
DYOR and DOYDD.
andychew.eh ( Date: 04-Oct-2017 15:15) Posted:
You believe the story. I said I dont believe so what is your problem ?
Dont be scared or worry if you are firm & confident.
Btw, if you have high lithium deposits, those big china firms will come knocking on your door, with tonnes of cash.
risktaker ( Date: 04-Oct-2017 15:11) Posted:
| Dont mislead investors here.... first money already recieved and JORC report out.... u can get into alot of trouble u know.. |
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You believe the story. I said I dont believe so what is your problem ?
Dont be scared or worry if you are firm & confident.
Btw, if you have high lithium deposits, those big china firms will come knocking on your door, with tonnes of cash.
risktaker ( Date: 04-Oct-2017 15:11) Posted:
Dont mislead investors here.... first money already recieved and JORC report out.... u can get into alot of trouble u know...
andychew.eh ( Date: 04-Oct-2017 15:09) Posted:
That is why i said 50 : 50.
If you believe there are a lot of lithium in BH, your problem not mine.
I have my doubts though.
So next year we shall see. What will happen.
If P & L ok and lithium delivered to burwil, ok.
If not, pricr will tank to + - 5 cts per share.
It is your judgement. Not mine.
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Dont mislead investors here.... first money already recieved and JORC report out.... u can get into alot of trouble u know...
andychew.eh ( Date: 04-Oct-2017 15:09) Posted:
That is why i said 50 : 50.
If you believe there are a lot of lithium in BH, your problem not mine.
I have my doubts though.
So next year we shall see. What will happen.
If P & L ok and lithium delivered to burwil, ok.
If not, pricr will tank to + - 5 cts per share.
It is your judgement. Not mine.
RedEye1811 ( Date: 04-Oct-2017 15:04) Posted:
So just because there are " many" scandals you conclude lithium deposits of AMAL doubtful So what about BHP, or Woodside on their estimates.
Your simplistic conclusion based on " many" scandals needs to be applied universally not just to a specific firm. That is being selective only. Justify with proper deduction that some vague notion.
Rather than state a vague descriptive like " many" be specific to support your case. There can be 100 people in a room drinking beer. 100 can be inferred as many. But if 1 million people in the room then the portion drinking beer is immaterial.
So there may be many mining scandals (say 100). But if there are 1 million mining operations and the scandals were over 10 years then it immaterial.
So provide some fact for to be meaningful. Otherwise mere dribble |
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