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Alliance Mineral....The Next Lap. Post Reply Rate topic
sheerluck Supreme	12-Oct-2017 14:36        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	RedEye1811      ( Date: 12-Oct-2017 14:27) Posted: As per Business Times.   Alliance Mineral CEO: Better terms in latest agreement with Burwill 11 Oct 2017 09:00 By Siow Li Sen CATALIST-LISTED Alliance Mineral Assets Ltd got much better terms in its recently concluded renegotiations with Burwill Commodity which is also funding and taking an equity stake in the lithium mining company in Western Australian, said its CEO. The company got more " lenient" terms from Burwill in the commercial re-negotiation, said Tjandra Pramoko, Alliance Mineral chief executive who flew to Singapore to speak to The Business Times on Monday. Last week, Alliance Mineral said that it was placing A$19.575 million (S$20.8 million) of shares to Burwill Commodity as its auditor flagged uncertainty about its ability to operate as a going concern if it were unable to raise more funds. The auditor, Ernst & Young, noted that the firm incurred a loss after tax of US$4.8 million for the past financial year, and experienced net cash outflows from operating activities of US$1.91 million. It had cash and restricted cash of US$9.08 million as at Sept 28. The company' s cashflow forecast reflects that it will need to raise additional funds for the quarter ending on Dec 31 to meet its committed and planned capital spending for the Bald Hill project as well as for ongoing working capital needs, said EY. " In Australia, when you do mining, going concern is very common, because mining is based on time and funding," he said. " You always have to raise money, it is the management that doesn' t want to dilute shareholders, so you only raise what you need to use in the mining project." Burwill will hold about 13.4 per cent in Alliance Mineral following the share placement. With the injection from Burwill, the company will be " fully funded," he said. In fact, since Alliance Mineral' s IPO in 2014, it has had three going concern notices - the first was at its listing, he said. On last week' s re-negotiations, he said some observers did not seem to understand the outcome. " We got less stringent delivery terms . . . of an additional one month grace," he said. The original agreement with Hong Kong-listed Burwill stipulated a A$3 million penalty if Alliance Mineral did not deliver the lithium within two months starting March 2018 under an offtake agreement. Mr Tjandra said this means that in the new deal, it can deliver as late as May and not worry about the penalty. In addition, Burwill agreed to take lower grade 4.5 per cent lithium concentrate from the previous minimum 5.5 per cent concentrate. " The new offtake agreement is much more lenient, much more favourable to AMA," he said. " And in addition, AMA has secured the strategic investor (Burwill) to fully fund production," he said. Just as important, Burwill also agreed to increase the amount it will buy to between 70,000 and 75,000 tonnes in 2018, and 80,000 and 85,000 tonnes in 2019, at the same price of US$880 per tonne. In the previous agreement, it was 40,000 tonnes in 2018 and and 60,000 tonnes in 2019. The current price of lithium of about US$880 per tonne is the highest ever - it was around US$400 per tonne last year, he said. The increase in offtake means Alliance Mineral will be getting US$132 million to US$140 million, up from US$88 million previously, said Mr Pramoko. The re-negotiations took place following a roadshow that Mr Pramoko held in China where he met downstream companies, car and battery manufacturers, a Japanese counterparty and a private equity fund, he said. " Bankers told me it will take three months to raise money but the negotiations only took about one week." he said. Alliance Mineral share price next year should should rise to S$1 per share, he said, as its nearest competitor Australian-listed Galaxy Resources is a A$1.2 billion company. On Monday, Alliance Mineral closed at S$0.325, up four cents, giving it a market capitalisation of S$156.2 million. * This article was published in The Business Times on 10 Oct 2017 and is reproduced here with permission in its entirety. Source: Business Times sheerluck      ( Date: 12-Oct-2017 14:14) Posted: So far AMAL/TAW has only got a mineral resource and PFS report and they made the go/no-go decision to go.  JORC guided that mining company should carry out a FS to make that decision.  So it makes me wonder why the haste? One of my previous questions is can they actually start mining without a ore reserve report.  Surely they need to have " proven" before they can mine, no?  Any example of other mining company that started mining without " proven" ore or started investment decision without a FS?  An ore report can also allow them to update their balance sheet with the value of the " proven" ore.  Isn' t it more proper that way? The latest interview (can someone paste the link in this thread, thx!) from Tjandra revealed that there are some amendment to the offtake agreement.  Surely this warrant a official release in SGXNET.
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RedEye1811 Master	12-Oct-2017 14:27        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	As per Business Times.   Alliance Mineral CEO: Better terms in latest agreement with Burwill 11 Oct 2017 09:00 By Siow Li Sen CATALIST-LISTED Alliance Mineral Assets Ltd got much better terms in its recently concluded renegotiations with Burwill Commodity which is also funding and taking an equity stake in the lithium mining company in Western Australian, said its CEO. The company got more " lenient" terms from Burwill in the commercial re-negotiation, said Tjandra Pramoko, Alliance Mineral chief executive who flew to Singapore to speak to The Business Times on Monday. Last week, Alliance Mineral said that it was placing A$19.575 million (S$20.8 million) of shares to Burwill Commodity as its auditor flagged uncertainty about its ability to operate as a going concern if it were unable to raise more funds. The auditor, Ernst & Young, noted that the firm incurred a loss after tax of US$4.8 million for the past financial year, and experienced net cash outflows from operating activities of US$1.91 million. It had cash and restricted cash of US$9.08 million as at Sept 28. The company' s cashflow forecast reflects that it will need to raise additional funds for the quarter ending on Dec 31 to meet its committed and planned capital spending for the Bald Hill project as well as for ongoing working capital needs, said EY. " In Australia, when you do mining, going concern is very common, because mining is based on time and funding," he said. " You always have to raise money, it is the management that doesn' t want to dilute shareholders, so you only raise what you need to use in the mining project." Burwill will hold about 13.4 per cent in Alliance Mineral following the share placement. With the injection from Burwill, the company will be " fully funded," he said. In fact, since Alliance Mineral' s IPO in 2014, it has had three going concern notices - the first was at its listing, he said. On last week' s re-negotiations, he said some observers did not seem to understand the outcome. " We got less stringent delivery terms . . . of an additional one month grace," he said. The original agreement with Hong Kong-listed Burwill stipulated a A$3 million penalty if Alliance Mineral did not deliver the lithium within two months starting March 2018 under an offtake agreement. Mr Tjandra said this means that in the new deal, it can deliver as late as May and not worry about the penalty. In addition, Burwill agreed to take lower grade 4.5 per cent lithium concentrate from the previous minimum 5.5 per cent concentrate. " The new offtake agreement is much more lenient, much more favourable to AMA," he said. " And in addition, AMA has secured the strategic investor (Burwill) to fully fund production," he said. Just as important, Burwill also agreed to increase the amount it will buy to between 70,000 and 75,000 tonnes in 2018, and 80,000 and 85,000 tonnes in 2019, at the same price of US$880 per tonne. In the previous agreement, it was 40,000 tonnes in 2018 and and 60,000 tonnes in 2019. The current price of lithium of about US$880 per tonne is the highest ever - it was around US$400 per tonne last year, he said. The increase in offtake means Alliance Mineral will be getting US$132 million to US$140 million, up from US$88 million previously, said Mr Pramoko. The re-negotiations took place following a roadshow that Mr Pramoko held in China where he met downstream companies, car and battery manufacturers, a Japanese counterparty and a private equity fund, he said. " Bankers told me it will take three months to raise money but the negotiations only took about one week." he said. Alliance Mineral share price next year should should rise to S$1 per share, he said, as its nearest competitor Australian-listed Galaxy Resources is a A$1.2 billion company. On Monday, Alliance Mineral closed at S$0.325, up four cents, giving it a market capitalisation of S$156.2 million. * This article was published in The Business Times on 10 Oct 2017 and is reproduced here with permission in its entirety. Source: Business Times sheerluck      ( Date: 12-Oct-2017 14:14) Posted: So far AMAL/TAW has only got a mineral resource and PFS report and they made the go/no-go decision to go.  JORC guided that mining company should carry out a FS to make that decision.  So it makes me wonder why the haste? One of my previous questions is can they actually start mining without a ore reserve report.  Surely they need to have " proven" before they can mine, no?  Any example of other mining company that started mining without " proven" ore or started investment decision without a FS?  An ore report can also allow them to update their balance sheet with the value of the " proven" ore.  Isn' t it more proper that way? The latest interview (can someone paste the link in this thread, thx!) from Tjandra revealed that there are some amendment to the offtake agreement.  Surely this warrant a official release in SGXNET.
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sheerluck Supreme	12-Oct-2017 14:14        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 far AMAL/TAW has only got a mineral resource and PFS report and they made the go/no-go decision to go.  JORC guided that mining company should carry out a FS to make that decision.  So it makes me wonder why the haste? One of my previous questions is can they actually start mining without a ore reserve report.  Surely they need to have " proven" before they can mine, no?  Any example of other mining company that started mining without " proven" ore or started investment decision without a FS?  An ore report can also allow them to update their balance sheet with the value of the " proven" ore.  Isn' t it more proper that way? The latest interview (can someone paste the link in this thread, thx!) from Tjandra revealed that there are some amendment to the offtake agreement.  Surely this warrant a official release in SGXNET.
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risktaker Supreme	12-Oct-2017 13:45        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Posts are opinions. Do not take it as investment advise "
x 0   x 0  Alert Admin	Maybe tmr can see 30c .... this price.will be good to enter again
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risktaker Supreme	12-Oct-2017 11:15        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Posts are opinions. Do not take it as investment advise "
x 0   x 0  Alert Admin	Lol now tawana is different ... with the progress and resource upgrade .... the valuation is very diff...now if BB flush too low... poeple waiting at side line will jump in...and BB wont want that... Also theres another resource upgrade due Nov/Dec.... Dec is festival season so upgrade should be late Nov & early dec The next Resource upgrade will bring tawana into 25-30MT range for lithium resources.... and recent statment from CEO mark... their progress is on schedule... I can say this recent upgrade is a game changer... i am waiting to load alliance but may buy back tawana if it dip too much.. papayaface      ( Date: 12-Oct-2017 10:54) Posted: Haha you' re full of shxt.    Even my dog can bark that out. Haha. Good luck  risktaker      ( Date: 12-Oct-2017 10:34) Posted: Flushing occuring at tawana now... lets see how much will they flush.... before the next leg up....
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papayaface Supreme	12-Oct-2017 10:54        papayaface About Contact  Quote this Post!   Yells: "This is the best time to enter....when everythings uncertain"
x 0   x 0  Alert Admin	Haha you' re full of shxt.    Even my dog can bark that out. Haha. Good luck  risktaker      ( Date: 12-Oct-2017 10:34) Posted: Flushing occuring at tawana now... lets see how much will they flush.... before the next leg up....
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RedEye1811 Master	12-Oct-2017 10:41        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	The article at the following URL (http://oilprice.com/Metals/Commodities/Busting-The-Lithium-Bubble-Myth.html) provides some nice reading on lithium demand with nice balance of considering the potential for a bubble. Title of article is: Busting the Lithium Bubble Myth
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risktaker Supreme	12-Oct-2017 10:34        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Posts are opinions. Do not take it as investment advise "
x 0   x 0  Alert Admin	Flushing occuring at tawana now... lets see how much will they flush.... before the next leg up....
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amlithiumpower Senior	12-Oct-2017 10:15        amlithiumpower About Contact  Quote this Post!
x 0   x 0  Alert Admin	" The Bald Hill project is earmarked to be WA&rsquo s highest grade tantalum mine, and one of the top producers in the world. With low capital expenditure requirements, significant resource potential and existing long term offtake arrangements, investors hold significant optimism for Bald Hill and Tawana&rsquo s growth into the future." Quoted from Diggers & Dealers Special Edition 2017. Might be an old news and some bro might have posted before.  file:///C:/Users/USER/Downloads/deloitte-au-about-wa-index-diggers-dealers-special-edition-2017-030817.pdf
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bernardc Elite	12-Oct-2017 10:10        bernardc About Contact  Quote this Post!
x 0   x 0  Alert Admin	this halt had increase the pressure on CEO/JL on the strike price of 50 cts ... the halt has taken 3 days of trading till now.. if it goes into suspension....CEO pocket jialat
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furnaces Veteran	12-Oct-2017 10:04        furnaces About Contact  Quote this Post!
x 0   x 0  Alert Admin	You beat me to this. I clicked in here and wanted to post the exact same article. Haha =D. RedEye1811      ( Date: 12-Oct-2017 10:02) Posted: Article for those interested on Bald Hill resource upgrade published in a WA newspaper. Kalgoorlie Miner:  https://thewest.com.au/news/kalgoorlie-miner/tawana-upgrades-bald-hill-ng-b88625385z Tawana upgrades Bald Hill Zach Relph Thursday, 12 October 2017 10:40AM The first screen being delivered to the Bald Hill site, near Kambalda.Picture: Tawana Resources Tawana Resources has revealed high-grade lithium and tantalum interceptions and a nearly 50 per cent increase in contained lithium at the $42 million Bald Hill joint-venture, near Kambalda. Tawana operates the mine with Singapore-listed Alliance Mineral Assets Limited, with managing director Mark Calderwood confirming it was poised for production within the next six months. Mr Calderwood yesterday lauded drilling results at the project, based about 50km south-east of Kambalda, which contributed to a 47 per cent increase in total contained lithium. The report outlined estimated mineral resource of 18.9 million tonnes at 1.18 per cent lithium oxide for 223,300 tonnes of contained lithium. Nearly 58 per cent of the estimate is an inferred resource. Mr Calderwood said the drilling campaign backed long-term opportunities at the mine. &ldquo The 25Mt of combined high-grade lithium and tantalum resources represents a solid uplift from about five months of additional drilling,&rdquo he said. &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. &ldquo Infill drilling is continuing and we expect to deliver another upgrade to indicated resources later this year. &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 The first shipment of lithium concentrate from Bald Hill remains on schedule for March. Work started at the mine in August, with Osborne Park-based Primero Group awarded a $30 million engineering, procurement and construction contract. Bald Hill has an initial life of 3.6 years producing 155,000 tonnes of spodumene concentrate and 260,000 pounds of tantalum pentoxide annually. The project, the third lithium mine based in the Goldfields, lies about 75km south-east of the prosperous Mt Marion Lithium Mine. Mr Calderwood said high-grade lithium and tantalum pegmatite found below the project&rsquo s starter pit, which was announced in August, has not been included in the findings due to insufficient drilling. Meanwhile, Ravensthorpe lithium miner Galaxy Resources has paid $2.9 million for a 12 per cent stake in lithium technologist Lepidico. It is a move that will bolster Lepidico&rsquo s share register after its recent battle against a takeover attempt from fellow lithium processor Lithium Australia. The private placement will be backed by a CPS Capital-led $4 million entitlement offer to progress feasibility work on its L-Max processing technology.
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RedEye1811 Master	12-Oct-2017 10:02        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Article for those interested on Bald Hill resource upgrade published in a WA newspaper. Kalgoorlie Miner:  https://thewest.com.au/news/kalgoorlie-miner/tawana-upgrades-bald-hill-ng-b88625385z Tawana upgrades Bald Hill Zach Relph Thursday, 12 October 2017 10:40AM The first screen being delivered to the Bald Hill site, near Kambalda.Picture: Tawana Resources Tawana Resources has revealed high-grade lithium and tantalum interceptions and a nearly 50 per cent increase in contained lithium at the $42 million Bald Hill joint-venture, near Kambalda. Tawana operates the mine with Singapore-listed Alliance Mineral Assets Limited, with managing director Mark Calderwood confirming it was poised for production within the next six months. Mr Calderwood yesterday lauded drilling results at the project, based about 50km south-east of Kambalda, which contributed to a 47 per cent increase in total contained lithium. The report outlined estimated mineral resource of 18.9 million tonnes at 1.18 per cent lithium oxide for 223,300 tonnes of contained lithium. Nearly 58 per cent of the estimate is an inferred resource. Mr Calderwood said the drilling campaign backed long-term opportunities at the mine. &ldquo The 25Mt of combined high-grade lithium and tantalum resources represents a solid uplift from about five months of additional drilling,&rdquo he said. &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. &ldquo Infill drilling is continuing and we expect to deliver another upgrade to indicated resources later this year. &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 The first shipment of lithium concentrate from Bald Hill remains on schedule for March. Work started at the mine in August, with Osborne Park-based Primero Group awarded a $30 million engineering, procurement and construction contract. Bald Hill has an initial life of 3.6 years producing 155,000 tonnes of spodumene concentrate and 260,000 pounds of tantalum pentoxide annually. The project, the third lithium mine based in the Goldfields, lies about 75km south-east of the prosperous Mt Marion Lithium Mine. Mr Calderwood said high-grade lithium and tantalum pegmatite found below the project&rsquo s starter pit, which was announced in August, has not been included in the findings due to insufficient drilling. Meanwhile, Ravensthorpe lithium miner Galaxy Resources has paid $2.9 million for a 12 per cent stake in lithium technologist Lepidico. It is a move that will bolster Lepidico&rsquo s share register after its recent battle against a takeover attempt from fellow lithium processor Lithium Australia. The private placement will be backed by a CPS Capital-led $4 million entitlement offer to progress feasibility work on its L-Max processing technology.
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papayaface Supreme	12-Oct-2017 09:28        papayaface About Contact  Quote this Post!   Yells: "This is the best time to enter....when everythings uncertain"
x 0   x 0  Alert Admin	Final countdown to suspension day again.  Lets see how again, meantime shortists are target Rowsley. Good luck      risktaker      ( Date: 12-Oct-2017 09:25) Posted: No choice... but at least u see tawana and alliance is trying its best to coordinate properly...so alliance TH immediately after notify by tawana resource update is ready... twinpower      ( Date: 12-Oct-2017 08:43) Posted: This is what that makes it so fustrating...price sensitive announcement that is already publicly available. 🤣
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risktaker Supreme	12-Oct-2017 09:25        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Posts are opinions. Do not take it as investment advise "
x 0   x 0  Alert Admin	No choice... but at least u see tawana and alliance is trying its best to coordinate properly...so alliance TH immediately after notify by tawana resource update is ready... twinpower      ( Date: 12-Oct-2017 08:43) Posted: This is what that makes it so fustrating...price sensitive announcement that is already publicly available. 🤣 risktaker      ( Date: 12-Oct-2017 08:35) Posted: Becos price sentitive annc... they need to halt... if not news leak... insider take advantage... everyone here in forum is expecting a tatanlum offtake but instead a upgrade.of resources... And alliance didnt see fierce buying so... news is well kept secre
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twinpower Member	12-Oct-2017 08:43        twinpower About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is what that makes it so fustrating...price sensitive announcement that is already publicly available. 🤣 risktaker      ( Date: 12-Oct-2017 08:35) Posted: Becos price sentitive annc... they need to halt... if not news leak... insider take advantage... everyone here in forum is expecting a tatanlum offtake but instead a upgrade.of resources... And alliance didnt see fierce buying so... news is well kept secret twinpower      ( Date: 12-Oct-2017 08:20) Posted: Understand. But why need to halt
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risktaker Supreme	12-Oct-2017 08:35        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Posts are opinions. Do not take it as investment advise "
x 0   x 0  Alert Admin	Becos price sentitive annc... they need to halt... if not news leak... insider take advantage... everyone here in forum is expecting a tatanlum offtake but instead a upgrade.of resources... And alliance didnt see fierce buying so... news is well kept secret twinpower      ( Date: 12-Oct-2017 08:20) Posted: Understand. But why need to halt? risktaker      ( Date: 12-Oct-2017 08:17) Posted: Becos they are cata board... they need sponsor approval and alliance relationship with sponsor are not goo
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furnaces Veteran	12-Oct-2017 08:34        furnaces About Contact  Quote this Post!
x 0   x 0  Alert Admin	It is especially difficult for Alliance because they receive the report from Tawana. Once the report is received, Alliance need to vet through themselves and come out with QPR or IQPR then send to sponsor for review. ​ If Alliance is the one doing the resource upgrade then there wont be such issues. Because every info can be contained within the company until they finished the QPR or IQPR. That is why likely only Alliance keeps getting affected by this. ​ It is probably time for SGX to consider relaxing the rules for Catalists counters. Another way is for Alliance to quickly get operating revenue and market cap of $300m to transfer to mainboard.
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twinpower Member	12-Oct-2017 08:20        twinpower About Contact  Quote this Post!
x 0   x 0  Alert Admin	Understand. But why need to halt? risktaker      ( Date: 12-Oct-2017 08:17) Posted: Becos they are cata board... they need sponsor approval and alliance relationship with sponsor are not good twinpower      ( Date: 12-Oct-2017 08:16) Posted: Especially since the exact same info is already cleared by Mark and announced in ASX, and that this upgrade dont require a IQPR, so why even halt in the first place
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risktaker Supreme	12-Oct-2017 08:17        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Posts are opinions. Do not take it as investment advise "
x 0   x 0  Alert Admin	Becos they are cata board... they need sponsor approval and alliance relationship with sponsor are not good twinpower      ( Date: 12-Oct-2017 08:16) Posted: Especially since the exact same info is already cleared by Mark and announced in ASX, and that this upgrade dont require a IQPR, so why even halt in the first place? Alvin2042      ( Date: 12-Oct-2017 08:11) Posted: Something not right with the catalyst/sponsor requirement. This is one of the first mining play in catalyst. Upgrade will be issued every 2-3 months. Every time will need to go through the long process of veting. It cause much disruption to trading
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twinpower Member	12-Oct-2017 08:16        twinpower About Contact  Quote this Post!
x 0   x 0  Alert Admin	Especially since the exact same info is already cleared by Mark and announced in ASX, and that this upgrade dont require a IQPR, so why even halt in the first place? Alvin2042      ( Date: 12-Oct-2017 08:11) Posted: Something not right with the catalyst/sponsor requirement. This is one of the first mining play in catalyst. Upgrade will be issued every 2-3 months. Every time will need to go through the long process of veting. It cause much disruption to trading. risktaker      ( Date: 12-Oct-2017 08:05) Posted: They need to vet thr
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