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sheerluck Supreme	21-Aug-2019 21:25        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	So Haitong became a SSH because they lanlan as Burwill no money to pay and not because they really see value in Alita? Atom99      ( Date: 21-Aug-2019 20:55) Posted: Ann: Becoming a substantial holder https://www.asx.com.au/asxpdf/20190821/pdf/447pywzwy7cydq.pdf Atom99      ( Date: 21-Aug-2019 20:43) Posted: Actually Burwill Holdings Limited shares in Alita was sized by Haitong International. http://media-burwill.todayir.com/2019082119400251653591152_en.pdf
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Atom99 Master	21-Aug-2019 20:55        Atom99 About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Once you hv eliminated the impossible,whatever remains TRUTH"
x 0   x 0  Alert Admin	Ann: Becoming a substantial holder https://www.asx.com.au/asxpdf/20190821/pdf/447pywzwy7cydq.pdf Atom99      ( Date: 21-Aug-2019 20:43) Posted: Actually Burwill Holdings Limited shares in Alita was sized by Haitong International. http://media-burwill.todayir.com/2019082119400251653591152_en.pdf dyingcat      ( Date: 21-Aug-2019 18:14) Posted: Not announced in SGX yet. https://hotcopper.com.au/threads/ann-becoming-a-substantial-holder.4917772/ Didn' t mention how much Haitong paid for the shares
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Atom99 Master	21-Aug-2019 20:43        Atom99 About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Once you hv eliminated the impossible,whatever remains TRUTH"
x 0   x 0  Alert Admin	Actually Burwill Holdings Limited shares in Alita was sized by Haitong International. http://media-burwill.todayir.com/2019082119400251653591152_en.pdf dyingcat      ( Date: 21-Aug-2019 18:14) Posted: Not announced in SGX yet. https://hotcopper.com.au/threads/ann-becoming-a-substantial-holder.4917772/ Didn' t mention how much Haitong paid for the shares. Atom99      ( Date: 21-Aug-2019 17:33) Posted: Burwill holding sold off all its share holdings in Alita to  a Chinese hedge funds...Haitong International  https://links.sgx.com/FileOpen/xx.%20Shipments%20update%20003.ashx?App=Announcement& FileID=575520
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sheerluck Supreme	21-Aug-2019 19:17        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	Alita is scheduled to resume trading on 3 Sept. Should have more clarity by then.
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dyingcat Veteran	21-Aug-2019 18:14        dyingcat About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not announced in SGX yet. https://hotcopper.com.au/threads/ann-becoming-a-substantial-holder.4917772/ Didn' t mention how much Haitong paid for the shares. Atom99      ( Date: 21-Aug-2019 17:33) Posted: Burwill holding sold off all its share holdings in Alita to  a Chinese hedge funds...Haitong International  https://links.sgx.com/FileOpen/xx.%20Shipments%20update%20003.ashx?App=Announcement& FileID=575520
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Atom99 Master	21-Aug-2019 17:33        Atom99 About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Once you hv eliminated the impossible,whatever remains TRUTH"
x 0   x 0  Alert Admin	Burwill holding sold off all its share holdings in Alita to  a Chinese hedge funds...Haitong International  https://links.sgx.com/FileOpen/xx.%20Shipments%20update%20003.ashx?App=Announcement& FileID=575520
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Atom99 Master	21-Aug-2019 17:30        Atom99 About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Once you hv eliminated the impossible,whatever remains TRUTH"
x 0   x 0  Alert Admin	https://links.sgx.com/1.0.0/corporate-announcements/KFII1YOS8FVD0QDO/xx.%20Shipments%20update%20003.pdf
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bicycle Member	20-Aug-2019 10:36        bicycle About Contact  Quote this Post!
x 0   x 0  Alert Admin	IMO this just means the hedge funds think its a great move to snatch a calculated risk deal at bargain price, which is not known in this news. Probably good for company to extend life for a while to catch the recovery, hopefully. However, this seems to come at massive equity dilution. Plus the SSH Burwill is not taking stocks and not injecting further capital, this paint a not so rosy picture of the market, at least in near future. Nothing fundemantal has changed in the lithium market that is going to boost the share price in short term.
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Tiger04 Senior	20-Aug-2019 09:43        Tiger04 About Contact  Quote this Post!
x 0   x 0  Alert Admin	What does this mean ? Positive news ? Atom99      ( Date: 19-Aug-2019 21:11) Posted: OCP Asia, Turnbull' s  Keshik  swoop on lithium play Alita Resources...reported by AFR.com Hong Kong-based alternatives manager OCP Asia and Alex Turnbull' s hedge fund  Keshik  Capital are set to emerge as major shareholders in ASX-listed lithium company Alita Resources. Street Talk understands OCP and  Keshik  will tip fresh funds into the lithium concentrate producer as part of a $60 million recapitalisation, and each walk away with a 10 per cent stake and board seats. The pair' s investment is expected to be unveiled as early as Tuesday and be one of a number of significant changes at Alita. The changes include the  payout  of a $40 million credit facility to major lender Tribeca Investment Partners, which will be replaced with an equity-like facility backed by OCP and  Keshik. There is also expected to be a realignment of the company towards Korean and Japanese partners, after falling into recent trouble with its existing  offtaker. Shares in the  offtaker, Hong Kong-listed  Burwill  went into a trading halt on Monday as the recapitalisation was being finalised.   The Australian company, which was known as Alliance Minerals Assets Ltd until last month, had loomed as the first casualty of the lithium bust after its Chinese offtake partners reneged on recent shipments. The operator of the Bald Hill mine  was suspended from trading last week amid fears it could run out of money within months and is close to breaching debt covenants. Its lender, a consortium led by Tribeca, provided a formal notice of default to the company on Friday. Alita, which was also previously named Tawana Resources, had $16.6 million of cash and cash equivalent as at July 25.
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RickyCheng Member	20-Aug-2019 09:27        RickyCheng About Contact  Quote this Post!
x 0   x 0  Alert Admin	Another is  https://sgstocksinvesting.com/. Anyway, dyodd is the best. Jamesbond008      ( Date: 05-Aug-2019 12:04) Posted:    I will never trust any companies written by NextInsight.... They caused me to lose a lot of money already  Wind22i      ( Date: 19-Aug-2019 18:51) Posted: Mayhe their insight is not insightful or doctored insight Jamesbond008      ( Date: 05-Aug-2019 12:04) Posted: I will never trust any companies written by NextInsight.... They caused me to lose a lot of money already
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Atom99 Master	19-Aug-2019 21:11        Atom99 About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Once you hv eliminated the impossible,whatever remains TRUTH"
x 0   x 0  Alert Admin	OCP Asia, Turnbull' s  Keshik  swoop on lithium play Alita Resources...reported by AFR.com Hong Kong-based alternatives manager OCP Asia and Alex Turnbull' s hedge fund  Keshik  Capital are set to emerge as major shareholders in ASX-listed lithium company Alita Resources. Street Talk understands OCP and  Keshik  will tip fresh funds into the lithium concentrate producer as part of a $60 million recapitalisation, and each walk away with a 10 per cent stake and board seats. The pair' s investment is expected to be unveiled as early as Tuesday and be one of a number of significant changes at Alita. The changes include the  payout  of a $40 million credit facility to major lender Tribeca Investment Partners, which will be replaced with an equity-like facility backed by OCP and  Keshik. There is also expected to be a realignment of the company towards Korean and Japanese partners, after falling into recent trouble with its existing  offtaker. Shares in the  offtaker, Hong Kong-listed  Burwill  went into a trading halt on Monday as the recapitalisation was being finalised.   The Australian company, which was known as Alliance Minerals Assets Ltd until last month, had loomed as the first casualty of the lithium bust after its Chinese offtake partners reneged on recent shipments. The operator of the Bald Hill mine  was suspended from trading last week amid fears it could run out of money within months and is close to breaching debt covenants. Its lender, a consortium led by Tribeca, provided a formal notice of default to the company on Friday. Alita, which was also previously named Tawana Resources, had $16.6 million of cash and cash equivalent as at July 25.
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runaway Senior	19-Aug-2019 20:28        runaway About Contact  Quote this Post!
x 0   x 0  Alert Admin	It was a hot stock last year. Some even said it was worth $1.00. Be doubtful of whatever is said here, dyodd.
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Wind22i Supreme	19-Aug-2019 18:51        Wind22i About Contact  Quote this Post!
x 0   x 0  Alert Admin	Mayhe their insight is not insightful or doctored insight Jamesbond008      ( Date: 05-Aug-2019 12:04) Posted: I will never trust any companies written by NextInsight.... They caused me to lose a lot of money already
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ysh2006 Supreme	19-Aug-2019 18:38        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This Alliance Minerals why suddenly close shop? last time say untill sky come down their battery is very good for mobile phone by analysts ? sheerluck      ( Date: 19-Aug-2019 10:20) Posted: Lithium is experiencing what oil was experiencing from mid-2014.  If same pattern, many lithium copmanies will go into administration....jialat liao.......... Will shareholders be willing to open their own pocket to continue to finance mgmt fat pay, lender interest and even lender principal while they continue to risk no return in the end...... What can the oil situation in the last few years teach us?  Will people ever learn?
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sheerluck Supreme	19-Aug-2019 10:20        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	Lithium is experiencing what oil was experiencing from mid-2014.  If same pattern, many lithium copmanies will go into administration....jialat liao.......... Will shareholders be willing to open their own pocket to continue to finance mgmt fat pay, lender interest and even lender principal while they continue to risk no return in the end...... What can the oil situation in the last few years teach us?  Will people ever learn?
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laksaman57 Supreme	17-Aug-2019 20:39        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://seekingalpha.com/article/4286259-lithium-spodumene-producers-trouble "The lithium bear market marches on and things might be set to get worse. "
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laksaman57 Supreme	16-Aug-2019 13:05        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://au.finance.yahoo.com/news/lithium-price-plunge-orocobre-galaxy-222437897.html "Orocorbe Ltd (ASX: ORE) and Galaxy Resources Limited (ASX: GXY) shares tumbled yesterday as industry reports continue to suggest the lithium price has been on a steady downward trajectory......Despite the lofty expectations for demand from electric vehicles where lithium-ion batteries dominate, prices for the raw material have been in relentless decline for the last 18 months."
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zillion Master	15-Aug-2019 19:19        zillion About Contact  Quote this Post!
x 0   x 0  Alert Admin	run out of cash better shut down until price recovery goodness when, better sell the mining site to a deep pocket long term biz co. creditors and shareholders will get some equity swap scheme of arrangement.
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laksaman57 Supreme	15-Aug-2019 18:14        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.google.com/amp/s/www.businesstimes.com.sg/companies-markets/alliance-mineral-former-ceo-and-executive-director-dispose-37m-shares-for-s126m%3famp "...sold 37 million shares at an average price of 34 Singapore cents apiece." Damn lucky man
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laksaman57 Supreme	15-Aug-2019 17:08        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.afr.com/companies/mining/lithium-bust-puts-bald-hill-mine-on-the-edge-20190814-p52gy3 "The lithium bust is threatening to claim its first casualty, with the operator of the Bald Hill mine suspended from trading amid fears it could run out of money within months and is close to breaching debt covenants. Alita Resources was deep in talks with its major lender Tribeca Investment Partners this week over whether it should continue mining at Bald Hill, near Widgiemooltha in Western Australia. The mine is not profitable at current prices for lithium-rich spodumene concentrate, which based on disclosures by rival producer Mineral Resources have slumped from $US1070 per a tonne this time last year to $US608 per tonne."
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