Alita Resources    Last:0.078   -

alliance mineral resources move up

WOW, Andy, this time you tell the truth, right? Good news, I think I can take leave to attend AGM.

Atom99      ( Date: 10-Oct-2017 11:53) Posted: WOW 😮 ! That is a piece of extremely good piece of announcement coming from you! Thank You Very Much.Appreciated.I buy you coffee. andychew.eh      ( Date: 10-Oct-2017 11:47) Posted: Good news ! I heard Temasek or GIC taking a stake in it ? Thst why TH. I negative say becos wanted to buy cheap mah. Still have 50% AM on contra

 

Agreed. Honest mistakes are ok. As long the intent is to inform, not to mislead. Definitely, emotions will run wild sometimes. Short term fluctations will always be the hallmark of trading but the fundamentals are the one that guide you securely throughout the journey. 

RedEye1811      ( Date: 10-Oct-2017 12:00) Posted: @Trebles: Personally do not think your aimed to mislead or misguide anyone, which is contrary to some outliers. Your message and intent of question/message was perhaps little unclear. So hope you keep contributing. RedEye1811      ( Date: 10-Oct-2017 11:56) Posted:

 

hahaha...is that so...

andychew.eh      ( Date: 10-Oct-2017 11:47) Posted: Good news ! I heard Temasek or GIC taking a stake in it ? Thst why TH. I negative say becos wanted to buy cheap mah. Still have 50% AM on contra

 

@Trebles: Personally do not think your aimed to mislead or misguide anyone, which is contrary to some outliers. Your message and intent of question/message was perhaps little unclear. So hope you keep contributing.

RedEye1811      ( Date: 10-Oct-2017 11:56) Posted: Trebles      ( Date: 10-Oct-2017 11:49) Posted: Noted on that. But wasn' t trying to create fear just wondering maybe the TH has to do that point also and what it means for the shareholders

 

Trebles      ( Date: 10-Oct-2017 11:49) Posted: Noted on that. But wasn' t trying to create fear just wondering maybe the TH has to do that point also and what it means for the shareholders. Atom99      ( Date: 10-Oct-2017 11:45) Posted: Word of caution.Before you post any comments make sure you are very sure 120 percent of the time becos the members vested in this &ldquo baby&rdquo are very well informed and have all the latest updated information at there finger tip.All of the vested members Hv been following this &ldquo baby&rdquo for many months. IMO.DYOR and DYODD

 

WOW 😮 ! That is a piece of extremely good piece of announcement coming from you!
Thank You Very Much.Appreciated.I buy you coffee.

andychew.eh      ( Date: 10-Oct-2017 11:47) Posted: Good news ! I heard Temasek or GIC taking a stake in it ? Thst why TH. I negative say becos wanted to buy cheap mah. Still have 50% AM on contra

 

Noted on that. But wasn' t trying to create fear just wondering maybe the TH has to do that point also and what it means for the shareholders.

Atom99      ( Date: 10-Oct-2017 11:45) Posted: Word of caution.Before you post any comments make sure you are very sure 120 percent of the time becos the members vested in this &ldquo baby&rdquo are very well informed and have all the latest updated information at there finger tip.All of the vested members Hv been following this &ldquo baby&rdquo for many months. IMO.DYOR and DYODD. Trebles      ( Date: 10-Oct-2017 11:37) Posted: Sorry my bad. " Notwithstanding the above, the Board is of the opinion that the Company will continue as a going concern for, inter alia, the following reasons: (1) The management has assessed the Company&rsquo s financial position and cash flow forecast for the next twelve months and is satisfied that based on the ongoing discussions with relevant parties, they will be successful in securing additional funds through debt or equity issues to enable the Company to continue its operations and meet its obligations for the foreseeable future. Thus, it is appropriate to prepare the financial statements on a going concern basis (2) On 4 October 2017, the Company has entered into a subscription agreement (&ldquo Subscription Agreement&rdquo ) with Burwill Commodity Limited (&ldquo BCL&rdquo ), a wholly-owned subsidiary of Burwill Holdings Limited, a company listed on the Mainboard of the Hong Kong Stock Exchange, pursuant to which BCL has agreed to pay an aggregate of AUD19,575,000 to the Company in consideration for the subscription of an aggregate of 74,810,228 new ordinary shares in the capital of the Company to be allotted and issued in tranches to BCL, subject to the terms and conditions as stipulated in the Subscription Agreement. Please refer to the announcement released separately by the Company on the same day in relation to the Subscription Agreement. (3) BCL has also agreed, pursuant to the terms of a binding term sheet entered into between BCL and the Company dated 2 October 2017, to provide a secured loan amounted to A$4.8 million to the Company at an interest rate of 11% per annum. The Board (i) is in the opinion that sufficient information has been disclosed for trading of the Company&rsquo s securities to continue in an orderly manner and (ii) confirmed that all material disclosures have been provided for trading of the Company&rsquo s shares to continue."

 

Good news ! I heard Temasek or GIC taking a stake in it ? Thst why TH. I negative say becos wanted to buy cheap mah. Still have 50% AM on contra

 

Word of caution.Before you post any comments make sure you are very sure 120 percent of the time becos the members vested in this &ldquo baby&rdquo are very well informed and have all the latest updated information at there finger tip.All of the vested members Hv been following this &ldquo baby&rdquo for many months.
IMO.DYOR and DYODD.

Trebles      ( Date: 10-Oct-2017 11:37) Posted: Sorry my bad. " Notwithstanding the above, the Board is of the opinion that the Company will continue as a going concern for, inter alia, the following reasons: (1) The management has assessed the Company&rsquo s financial position and cash flow forecast for the next twelve months and is satisfied that based on the ongoing discussions with relevant parties, they will be successful in securing additional funds through debt or equity issues to enable the Company to continue its operations and meet its obligations for the foreseeable future. Thus, it is appropriate to prepare the financial statements on a going concern basis (2) On 4 October 2017, the Company has entered into a subscription agreement (&ldquo Subscription Agreement&rdquo ) with Burwill Commodity Limited (&ldquo BCL&rdquo ), a wholly-owned subsidiary of Burwill Holdings Limited, a company listed on the Mainboard of the Hong Kong Stock Exchange, pursuant to which BCL has agreed to pay an aggregate of AUD19,575,000 to the Company in consideration for the subscription of an aggregate of 74,810,228 new ordinary shares in the capital of the Company to be allotted and issued in tranches to BCL, subject to the terms and conditions as stipulated in the Subscription Agreement. Please refer to the announcement released separately by the Company on the same day in relation to the Subscription Agreement. (3) BCL has also agreed, pursuant to the terms of a binding term sheet entered into between BCL and the Company dated 2 October 2017, to provide a secured loan amounted to A$4.8 million to the Company at an interest rate of 11% per annum. The Board (i) is in the opinion that sufficient information has been disclosed for trading of the Company&rsquo s securities to continue in an orderly manner and (ii) confirmed that all material disclosures have been provided for trading of the Company&rsquo s shares to continue." risktaker      ( Date: 10-Oct-2017 11:29) Posted: Omg lol forum is really filled with rubbish contributors nowadays.... they didnt do reaearch impossible right they can dig out the below paragraph shows that they are following the news.... And yet they didnt know burwill has injected funds into alliances.... really rubbis

 

Ha... This month is interesting. All the announcements and AGM happen in this month. Guess the management would want a good AGM also. Ha... Lets see and catch up at AGM.

RedEye1811      ( Date: 10-Oct-2017 11:35) Posted: Bro: Do not worry..I am chilled. Announcement be what it is. Just trying to provide information - and it only information not a conclusion. I should have not used the word " sign" as did not intend it to be taken that way. Sorry if caused any wrong impression. Just meant to be information. amlithiumpower      ( Date: 10-Oct-2017 11:27) Posted: Bro, let' s all relaxed and chill. Ha.. to halt at 9.01.11am and only769 lots done. I seriously think all the insiders and BB haven run yet and should not be pointing south yet. In addition, they open 33c which is gap up from 32.5c. I think CEO is more concerned than all of us here for its his interest to ensure 50c by 24 Oct. So  now 33 to 50 seems feasible? 17c in 2 weeks time, 8-9c per week. I think the amount of announcements to be released this month should be enough to sustain the rally and momentum. Ha... my 2 cents worth. DYOD

 

Sorry my bad.

" Notwithstanding the above, the Board is of the opinion that the Company will continue as a going concern for, inter alia, the following reasons: (1) The management has assessed the Company&rsquo s financial position and cash flow forecast for the next twelve months and is satisfied that based on the ongoing discussions with relevant parties, they will be successful in securing additional funds through debt or equity issues to enable the Company to continue its operations and meet its obligations for the foreseeable future. Thus, it is appropriate to prepare the financial statements on a going concern basis (2) On 4 October 2017, the Company has entered into a subscription agreement (&ldquo Subscription Agreement&rdquo ) with Burwill Commodity Limited (&ldquo BCL&rdquo ), a wholly-owned subsidiary of Burwill Holdings Limited, a company listed on the Mainboard of the Hong Kong Stock Exchange, pursuant to which BCL has agreed to pay an aggregate of AUD19,575,000 to the Company in consideration for the subscription of an aggregate of 74,810,228 new ordinary shares in the capital of the Company to be allotted and issued in tranches to BCL, subject to the terms and conditions as stipulated in the Subscription Agreement. Please refer to the announcement released separately by the Company on the same day in relation to the Subscription Agreement. (3) BCL has also agreed, pursuant to the terms of a binding term sheet entered into between BCL and the Company dated 2 October 2017, to provide a secured loan amounted to A$4.8 million to the Company at an interest rate of 11% per annum. The Board (i) is in the opinion that sufficient information has been disclosed for trading of the Company&rsquo s securities to continue in an orderly manner and (ii) confirmed that all material disclosures have been provided for trading of the Company&rsquo s shares to continue."

risktaker      ( Date: 10-Oct-2017 11:29) Posted: Omg lol forum is really filled with rubbish contributors nowadays.... they didnt do reaearch impossible right they can dig out the below paragraph shows that they are following the news.... And yet they didnt know burwill has injected funds into alliances.... really rubbish Trebles      ( Date: 10-Oct-2017 11:22) Posted: " The Company&rsquo s cash flow forecast reflect that the Company will need to raise additional funds during the quarter ending 31 December 2017 to enable it to meet its committed and planned capital expenditure in the Bald Hill project and for on-going working capital requirements. The Directors are currently reviewing a range of financing options which may include further issue of new equity or obtaining new borrowings. The Directors have reviewed the company&rsquo s financial position and are satisfied that based on the ongoing discussions with relevant parties, they will be successful in securing additional funds through debt or equity issues and thus it is appropriate to prepare the financial statements on a going concern basis." Could it be something to do with this?

 

Bro: Do not worry..I am chilled. Announcement be what it is.
Just trying to provide information - and it only information not a conclusion. I should have not used the word " sign" as did not intend it to be taken that way. Sorry if caused any wrong impression. Just meant to be information.

amlithiumpower      ( Date: 10-Oct-2017 11:27) Posted: Bro, let' s all relaxed and chill. Ha.. to halt at 9.01.11am and only769 lots done. I seriously think all the insiders and BB haven run yet and should not be pointing south yet. In addition, they open 33c which is gap up from 32.5c. I think CEO is more concerned than all of us here for its his interest to ensure 50c by 24 Oct. So  now 33 to 50 seems feasible? 17c in 2 weeks time, 8-9c per week. I think the amount of announcements to be released this month should be enough to sustain the rally and momentum. Ha... my 2 cents worth. DYODD RedEye1811      ( Date: 10-Oct-2017 11:09) Posted: For anyone looking for a sign that announcement related to issues on re-negotiated lithium offtake, Burwill not made any announcements today though their SP is off by between 5% to 7% since opening. Not saying in anyway it means anything, but if anyone was wondering just something to help. DYODD.

 

Since he is bipolar, he will come with all these points (by simply copy pasting) once he covers his short....

RedEye1811      ( Date: 10-Oct-2017 11:30) Posted: Bro: Crying Baby only bothering to look at it one way with his blinkers on. The very opposite can exist to the question proposed. That is, what happens if during mining they find it far more viable than what they projected? Operational costs less than they projected as mining more efficient than initially thought. The % greater than originally tested? And on it goes? If Crying Baby going to have tinted glasses then flaw is opposite can occur. His dribble running up into his nose blocking ability to see opposite can arise.  Alvin2042      ( Date: 10-Oct-2017 11:21) Posted: U r talking way off course.....this apply to all mining companies, not just Amal.Then no one will invest in startup mining companies.

 

risktaker      ( Date: 10-Oct-2017 11:29) Posted: Omg lol forum is really filled with rubbish contributors nowadays.... they didnt do reaearch impossible right they can dig out the below paragraph shows that they are following the news.... And yet they didnt know burwill has injected funds into alliances.... really rubbish Trebles      ( Date: 10-Oct-2017 11:22) Posted: " The Company&rsquo s cash flow forecast reflect that the Company will need to raise additional funds during the quarter ending 31 December 2017 to enable it to meet its committed and planned capital expenditure in the Bald Hill project and for on-going working capital requirements. The Directors are currently reviewing a range of financing options which may include further issue of new equity or obtaining new borrowings. The Directors have reviewed the company&rsquo s financial position and are satisfied that based on the ongoing discussions with relevant parties, they will be successful in securing additional funds through debt or equity issues and thus it is appropriate to prepare the financial statements on a going concern basis." Could it be something to do with this?

 

Bro: Crying Baby only bothering to look at it one way with his blinkers on. The very opposite can exist to the question proposed. That is, what happens if during mining they find it far more viable than what they projected? Operational costs less than they projected as mining more efficient than initially thought. The % greater than originally tested? And on it goes? If Crying Baby going to have tinted glasses then flaw is opposite can occur. His dribble running up into his nose blocking ability to see opposite can arise. 

Alvin2042      ( Date: 10-Oct-2017 11:21) Posted: U r talking way off course.....this apply to all mining companies, not just Amal.Then no one will invest in startup mining companies.  andychew.eh      ( Date: 10-Oct-2017 11:08) Posted: If during mining, they found out not commercially viable ...that is : Operational ciosts pee unit more than per unit mined, And % not as high as initially tested, Then AM worth how much ? 8 cts ? 15 cts ?

 

Omg lol forum is really filled with rubbish contributors nowadays.... they didnt do reaearch impossible right they can dig out the below paragraph shows that they are following the news....

And yet they didnt know burwill has injected funds into alliances.... really rubbish

Trebles      ( Date: 10-Oct-2017 11:22) Posted: " The Company&rsquo s cash flow forecast reflect that the Company will need to raise additional funds during the quarter ending 31 December 2017 to enable it to meet its committed and planned capital expenditure in the Bald Hill project and for on-going working capital requirements. The Directors are currently reviewing a range of financing options which may include further issue of new equity or obtaining new borrowings. The Directors have reviewed the company&rsquo s financial position and are satisfied that based on the ongoing discussions with relevant parties, they will be successful in securing additional funds through debt or equity issues and thus it is appropriate to prepare the financial statements on a going concern basis." Could it be something to do with this?

 

Bro, let' s all relaxed and chill. Ha.. to halt at 9.01.11am and only769 lots done. I seriously think all the insiders and BB haven run yet and should not be pointing south yet. In addition, they open 33c which is gap up from 32.5c.

I think CEO is more concerned than all of us here for its his interest to ensure 50c by 24 Oct.
So  now 33 to 50 seems feasible? 17c in 2 weeks time, 8-9c per week. I think the amount of announcements to be released this month should be enough to sustain the rally and momentum.

Ha... my 2 cents worth.

DYODD

RedEye1811      ( Date: 10-Oct-2017 11:09) Posted: For anyone looking for a sign that announcement related to issues on re-negotiated lithium offtake, Burwill not made any announcements today though their SP is off by between 5% to 7% since opening. Not saying in anyway it means anything, but if anyone was wondering just something to help. DYODD.

 

" The Company&rsquo s cash flow forecast reflect that the Company will need to raise additional funds during the quarter ending 31 December 2017 to enable it to meet its committed and planned capital expenditure in the Bald Hill project and for on-going working capital requirements. The Directors are currently reviewing a range of financing options which may include further issue of new equity or obtaining new borrowings. The Directors have reviewed the company&rsquo s financial position and are satisfied that based on the ongoing discussions with relevant parties, they will be successful in securing additional funds through debt or equity issues and thus it is appropriate to prepare the financial statements on a going concern basis."

Could it be something to do with this?
 

 

U r talking way off course.....this apply to all mining companies, not just Amal.Then no one will invest in startup mining companies. 

andychew.eh      ( Date: 10-Oct-2017 11:08) Posted: If during mining, they found out not commercially viable ...that is : Operational ciosts pee unit more than per unit mined, And % not as high as initially tested, Then AM worth how much ? 8 cts ? 15 cts ?

 

For anyone looking for a sign that announcement related to issues on re-negotiated lithium offtake, Burwill not made any announcements today though their SP is off by between 5% to 7% since opening. Not saying in anyway it means anything, but if anyone was wondering just something to help. DYODD.