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risktaker Supreme	08-Oct-2017 08:10        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	Which lossing company CEO is not drawing big salary... go check noble... LOL Also u look at the company future.... right now i do think they deserve it.... Bro papaya juice... u need to tweak ur brain a little something not right there.. papayaface      ( Date: 08-Oct-2017 07:51) Posted: With due respect to all investors, the reason why i suggest SIAS is because if SIAS doesnt want to go, its a warning sign becos SIAS is reputable protector of investors rights and DOESN' T endorse shabby companies. Buyers beware. Good luck papayaface      ( Date: 08-Oct-2017 07:27) Posted: All you are not BBs, so dont pretend to be a big force to be reckon with by attending the AGM. You are all T' s supporters putting up a show. You should not let the CEO continue milking the already sick cow. Get SIAS to go and grill the CEO on the survival issues like his pay etc. Good luck,
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papayaface Supreme	08-Oct-2017 07:51        papayaface About Contact  Quote this Post!   Yells: "This is the best time to enter....when everythings uncertain"
x 0   x 0  Alert Admin	With due respect to all investors, the reason why i suggest SIAS is because if SIAS doesnt want to go, its a warning sign becos SIAS is reputable protector of investors rights and DOESN' T endorse shabby companies. Buyers beware. Good luck papayaface      ( Date: 08-Oct-2017 07:27) Posted: All you are not BBs, so dont pretend to be a big force to be reckon with by attending the AGM. You are all T' s supporters putting up a show. You should not let the CEO continue milking the already sick cow. Get SIAS to go and grill the CEO on the survival issues like his pay etc. Good luck,   twinpower      ( Date: 06-Oct-2017 18:42) Posted: Will be there as well. Hoping to get some clarity on the cashflow position of the company going forward. While it is overall positive for a company of Burwill's profile to take a stake in Amal, my only concern is Amal becomes overly reliant on Burwill for cashflow, and In terms of liquidity, Burwill is not in the pinkiest of health themselves. Cheers
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papayaface Supreme	08-Oct-2017 07:40        papayaface About Contact  Quote this Post!   Yells: "This is the best time to enter....when everythings uncertain"
x 0   x 0  Alert Admin	Trending down this week. After announcement and lifting of TH, price dropping from 30 cts pre-suspension to 29.5 cts on Thurs to 28.5 cts on Friday. Watch out for the big dump tomorrow and Tuesday when contras from heavy volumes bought on 27 and 28 Sept at 26.5 cts take their profits. Shortists will be ready to assist, hiak hiak hiak. Good luck
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papayaface Supreme	08-Oct-2017 07:31        papayaface About Contact  Quote this Post!   Yells: "This is the best time to enter....when everythings uncertain"
x 0   x 0  Alert Admin	Hey if merely a project management co, why does it need to issue CB for its project? Why they care? They should let the mines take care their own funding. Good luck  Foo2019      ( Date: 08-Oct-2017 07:20) Posted: Hi...Alliance Mineral is just project management office and all their activities are outsourced. Hence they dont required many staff to such a PMO. Australian employee wears multiple hats unlike employee in Singapore which is very specialized in their role. For example, A Production Manager wears multiple hats like QA Manager, Production Planning, Maintenance etc...It seems like my role...LOL.
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papayaface Supreme	08-Oct-2017 07:27        papayaface About Contact  Quote this Post!   Yells: "This is the best time to enter....when everythings uncertain"
x 0   x 0  Alert Admin	All you are not BBs, so dont pretend to be a big force to be reckon with by attending the AGM. You are all T' s supporters putting up a show. You should not let the CEO continue milking the already sick cow. Get SIAS to go and grill the CEO on the survival issues like his pay etc. Good luck,   twinpower      ( Date: 06-Oct-2017 18:42) Posted: Will be there as well. Hoping to get some clarity on the cashflow position of the company going forward. While it is overall positive for a company of Burwill's profile to take a stake in Amal, my only concern is Amal becomes overly reliant on Burwill for cashflow, and In terms of liquidity, Burwill is not in the pinkiest of health themselves. Cheers! Steady28      ( Date: 06-Oct-2017 08:18) Posted: going: atom99 amlithiumpower steady28
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Foo2019 Member	08-Oct-2017 07:20        Foo2019 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi...Alliance Mineral is just project management office and all their activities are outsourced. Hence they dont required many staff to such a PMO. Australian employee wears multiple hats unlike employee in Singapore which is very specialized in their role. For example, A Production Manager wears multiple hats like QA Manager, Production Planning, Maintenance etc...It seems like my role...LOL.
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papayaface Supreme	08-Oct-2017 07:16        papayaface About Contact  Quote this Post!   Yells: "This is the best time to enter....when everythings uncertain"
x 0   x 0  Alert Admin	With such poor ethics and financials, it' d no wonder NO BANKS would lend AMA a single cent and the only way to keep alive is to borrow from loan sharks like JL, place out more shares at big discounts to the market price or sell convertible loans with sky high interest rates !!! Until they start to export their products (assuming that this is not a scam), the share price is only worth its NTA of 3.18 cts. So buyers beware, there so much meat for shortists. Good luck       .     papayaface      ( Date: 07-Oct-2017 23:44) Posted: So despite the company loss money, the CEO still has the cheek to draw a fat salary of A200k which constitutes more than half of the staff salaries? (For the other 4 staff, they each draw a miserable average salary of A42K). No wonder, this CEO doesnt care about the share price performance. Haizzz. For those who are vested or looking to invest.....Good luck   twinpower      ( Date: 07-Oct-2017 23:20) Posted: Total staff cost A369k, inclusive of CEO's pay of A200k. Once the company turns profitable, the cost will increase correspondingly as ceo will then be entitled to a bonus payout that is pegged to the company's profit
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papayaface Supreme	07-Oct-2017 23:44        papayaface About Contact  Quote this Post!   Yells: "This is the best time to enter....when everythings uncertain"
x 0   x 0  Alert Admin	So despite the company loss money, the CEO still has the cheek to draw a fat salary of A200k which constitutes more than half of the staff salaries? (For the other 4 staff, they each draw a miserable average salary of A42K). No wonder, this CEO doesnt care about the share price performance. Haizzz. For those who are vested or looking to invest.....Good luck   twinpower      ( Date: 07-Oct-2017 23:20) Posted: Total staff cost A369k, inclusive of CEO's pay of A200k. Once the company turns profitable, the cost will increase correspondingly as ceo will then be entitled to a bonus payout that is pegged to the company's profit. papayaface      ( Date: 07-Oct-2017 18:18) Posted: Oh i see. They just have 5 staff to keep an eye on the Lithco staff, a smart move. Then the costs must be dam low. Btw any one know how much is the salaries of the 5 staff combined? How much contribution to the loss. Or may be only God knows. Good luck
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twinpower Member	07-Oct-2017 23:20        twinpower About Contact  Quote this Post!
x 0   x 0  Alert Admin	Total staff cost A369k, inclusive of CEO's pay of A200k. Once the company turns profitable, the cost will increase correspondingly as ceo will then be entitled to a bonus payout that is pegged to the company's profit. papayaface      ( Date: 07-Oct-2017 18:18) Posted: Oh i see. They just have 5 staff to keep an eye on the Lithco staff, a smart move. Then the costs must be dam low. Btw any one know how much is the salaries of the 5 staff combined? How much contribution to the loss. Or may be only God knows. Good luck  Alvin2042      ( Date: 07-Oct-2017 15:20) Posted: Actually, they ready don't need more staff as the mine is run by Lithco.
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risktaker Supreme	07-Oct-2017 19:52        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	Papaya juice.... get ready to see alliances to hit 80c in 2018 papayaface      ( Date: 07-Oct-2017 18:21) Posted: Redeye, please dont you dare insult God.   Hope you know the punishment for blasphemy? Good luck RedEye1811      ( Date: 07-Oct-2017 16:11) Posted: Oh God speaks with his stupidity as normal. Worth the laugh as normal.
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papayaface Supreme	07-Oct-2017 18:21        papayaface About Contact  Quote this Post!   Yells: "This is the best time to enter....when everythings uncertain"
x 0   x 0  Alert Admin	Redeye, please dont you dare insult God.   Hope you know the punishment for blasphemy? Good luck RedEye1811      ( Date: 07-Oct-2017 16:11) Posted: Oh God speaks with his stupidity as normal. Worth the laugh as normal.  papayaface      ( Date: 07-Oct-2017 14:37) Posted: No la. Only 5 staff may be because they cant afford to employ more since the project hasn' t start to churn revenues and they are having cash flow difficulties. But now with the placement to Burwill, they will probably employ more staff employed..Good luck.
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papayaface Supreme	07-Oct-2017 18:18        papayaface About Contact  Quote this Post!   Yells: "This is the best time to enter....when everythings uncertain"
x 0   x 0  Alert Admin	Oh i see. They just have 5 staff to keep an eye on the Lithco staff, a smart move. Then the costs must be dam low. Btw any one know how much is the salaries of the 5 staff combined? How much contribution to the loss. Or may be only God knows. Good luck  Alvin2042      ( Date: 07-Oct-2017 15:20) Posted: Actually, they ready don't need more staff as the mine is run by Lithco. papayaface      ( Date: 07-Oct-2017 14:37) Posted: No la. Only 5 staff may be because they cant afford to employ more since the project hasn' t start to churn revenues and they are having cash flow difficulties. But now with the placement to Burwill, they will probably employ more staff employed..Good luck.
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risktaker Supreme	07-Oct-2017 17:20        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	Papaya juice lol RedEye1811      ( Date: 07-Oct-2017 16:11) Posted: Oh God speaks with his stupidity as normal. Worth the laugh as normal.  papayaface      ( Date: 07-Oct-2017 14:37) Posted: No la. Only 5 staff may be because they cant afford to employ more since the project hasn' t start to churn revenues and they are having cash flow difficulties. But now with the placement to Burwill, they will probably employ more staff employed..Good luck.
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RedEye1811 Master	07-Oct-2017 16:11        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Oh God speaks with his stupidity as normal. Worth the laugh as normal.  papayaface      ( Date: 07-Oct-2017 14:37) Posted: No la. Only 5 staff may be because they cant afford to employ more since the project hasn' t start to churn revenues and they are having cash flow difficulties. But now with the placement to Burwill, they will probably employ more staff employed..Good luck.  RedEye1811      ( Date: 07-Oct-2017 09:44) Posted: In respect to Qn1 that is quite easy to reconcile if reading the report closely. For example in Page 16 under the " Project Management" section it is outlined the role of Lithco as being the primary driver whilst AMAL is merely doing the oversight. AMAL already got the land and initial equipment, and as part of farm-in it up to Lithco to arrange the heavy lifting whilst AMAL watches. In simplistic terms, AMAL subcontract out to Lithco, Lithco then subcontract out further down the line. So AMAL do not need many if simply doing the review/oversight.  If I contract with a cleaner company to arrange for 5 cleaners to clean my office each day, those 5 cleaners not my employees. So not my head count. This is highly likely how operating here. Only people directly employed by AMAL in their head count, and as vast majority things going on sub-contracted out to Lithco, Primero etc, then AMAL do not need huge head count right? So no great mystery there. As for Qn2, @Alvin2042 already answered that. Recognition of revenue only going to come Q2/2018 (or at earliest late Q1/2018). So they only going to have 1 quarter of revenue generation given the financial year end for AMAL is June 30. Depending on how much they ship that quarter they could still manage a small profit in FY 2018 depending on how they account for expenditure in getting Bald Hill up and running. Key for FY 2018 is to see if loss for year is narrowed from prior in the event some revenue is recognized. And then the FY 2019 is the crucial step in determining if Bald Hill a low cost operation or not. But again, expecting a loss in FY 2018 not a huge mystery given when financial year of company ends
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Alvin2042 Master	07-Oct-2017 15:20        Alvin2042 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Actually, they ready don't need more staff as the mine is run by Lithco. papayaface      ( Date: 07-Oct-2017 14:37) Posted: No la. Only 5 staff may be because they cant afford to employ more since the project hasn' t start to churn revenues and they are having cash flow difficulties. But now with the placement to Burwill, they will probably employ more staff employed..Good luck.  RedEye1811      ( Date: 07-Oct-2017 09:44) Posted: In respect to Qn1 that is quite easy to reconcile if reading the report closely. For example in Page 16 under the " Project Management" section it is outlined the role of Lithco as being the primary driver whilst AMAL is merely doing the oversight. AMAL already got the land and initial equipment, and as part of farm-in it up to Lithco to arrange the heavy lifting whilst AMAL watches. In simplistic terms, AMAL subcontract out to Lithco, Lithco then subcontract out further down the line. So AMAL do not need many if simply doing the review/oversight.  If I contract with a cleaner company to arrange for 5 cleaners to clean my office each day, those 5 cleaners not my employees. So not my head count. This is highly likely how operating here. Only people directly employed by AMAL in their head count, and as vast majority things going on sub-contracted out to Lithco, Primero etc, then AMAL do not need huge head count right? So no great mystery there. As for Qn2, @Alvin2042 already answered that. Recognition of revenue only going to come Q2/2018 (or at earliest late Q1/2018). So they only going to have 1 quarter of revenue generation given the financial year end for AMAL is June 30. Depending on how much they ship that quarter they could still manage a small profit in FY 2018 depending on how they account for expenditure in getting Bald Hill up and running. Key for FY 2018 is to see if loss for year is narrowed from prior in the event some revenue is recognized. And then the FY 2019 is the crucial step in determining if Bald Hill a low cost operation or not. But again, expecting a loss in FY 2018 not a huge mystery given when financial year of company ends
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papayaface Supreme	07-Oct-2017 14:37        papayaface About Contact  Quote this Post!   Yells: "This is the best time to enter....when everythings uncertain"
x 0   x 0  Alert Admin	No la. Only 5 staff may be because they cant afford to employ more since the project hasn' t start to churn revenues and they are having cash flow difficulties. But now with the placement to Burwill, they will probably employ more staff employed..Good luck.  RedEye1811      ( Date: 07-Oct-2017 09:44) Posted: In respect to Qn1 that is quite easy to reconcile if reading the report closely. For example in Page 16 under the " Project Management" section it is outlined the role of Lithco as being the primary driver whilst AMAL is merely doing the oversight. AMAL already got the land and initial equipment, and as part of farm-in it up to Lithco to arrange the heavy lifting whilst AMAL watches. In simplistic terms, AMAL subcontract out to Lithco, Lithco then subcontract out further down the line. So AMAL do not need many if simply doing the review/oversight.  If I contract with a cleaner company to arrange for 5 cleaners to clean my office each day, those 5 cleaners not my employees. So not my head count. This is highly likely how operating here. Only people directly employed by AMAL in their head count, and as vast majority things going on sub-contracted out to Lithco, Primero etc, then AMAL do not need huge head count right? So no great mystery there. As for Qn2, @Alvin2042 already answered that. Recognition of revenue only going to come Q2/2018 (or at earliest late Q1/2018). So they only going to have 1 quarter of revenue generation given the financial year end for AMAL is June 30. Depending on how much they ship that quarter they could still manage a small profit in FY 2018 depending on how they account for expenditure in getting Bald Hill up and running. Key for FY 2018 is to see if loss for year is narrowed from prior in the event some revenue is recognized. And then the FY 2019 is the crucial step in determining if Bald Hill a low cost operation or not. But again, expecting a loss in FY 2018 not a huge mystery given when financial year of company ends. Alvin2042      ( Date: 07-Oct-2017 04:22) Posted: 2nd question I can answer. FY18 is for up to 30th June 2018. Of course Amal will still lose money when delivery only start in Apr 2018
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papayaface Supreme	07-Oct-2017 14:31        papayaface About Contact  Quote this Post!   Yells: "This is the best time to enter....when everythings uncertain"
x 0   x 0  Alert Admin	Wow. You seems so knowledgeable with the insights in such a short time. How much are you now vested in AMA share? Looks like you should have picked Burwill or TAW which has surged so much as compared to AMA sp? You must however be cautious about reading too much in-between the lines, otherwise you would be dissappointed if AMA eventually turns out to be another scam. Come back to be a shortist, hiak hiak hiak. Good luck.   .   .   .  andychew.eh      ( Date: 07-Oct-2017 10:29) Posted: 1. The Burwill anouncement says it all 2. It didnt say toi directly : there is long term good development prospect for the lithium concrntrates project at Bald Hill in Western Australia If direct saying : more rich lithium deposits sites will be diacovered in the 590 sq km bald hill project area 3. This is the best indicator of all indicators. Burwill is so confident that it confidently says in its announcement to all its HK shareholders : Burwill will enjoy the increase in value of AMAL shares. Such such confidence ? They must have known something that makes them say so. And the likely development will be : 1. More lithium rich deposits sites discovered for commercial mining and announced to shareholders 2. Jiangte the direct lithium user will take another SSH stake in AMAL , most likely at a higher placement price than Burwill. This is common in the industry. There are already EV car makers and lithium battery manufacturers taking direct stakes in Australia Lithium mines and mining companies. That is why they (Burwill) are so confident. REASONS FOR AND BENEFITS OF THE SUBSCRIPTION Lithium upstream resources are very scarce worldwide. As elementary materials for new energy electric vehicles and other industries, there ishuge market demand for lithium resources. The Board believes that there is long-term good development prospect for the lithium concentrates project at Bald Hill in Western Australia, which will have lithium concentrates delivery in the first quarter of 2018. 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. Link:www.hkexnews.hk/listedco/listconews/SEHK.../LTN201710041288.pdf andychew.eh      ( Date: 07-Oct-2017 00:41) Posted: It is interesting how things turn out. Before TH, I shorted at 28.5 cts. After TH, today I longed at 28.5 cts (bought a bit lah) The Goldfields Region in Australia is famous for rich tantalum and lithium deposits. Especially so at the Widgiemooltha and Coolgardie Regions. E.g. Mount Marion Lithium Mine I have been thinking , why Burwill stock up more than +20% after TH news. I think now I understand. It has secured not only 5 + 5 years lithium rights, it also secured a significant stake in AMAL It is now a " one dragon long one stop service full supply chain provider" Lithium Mines upstream ---to Lithium Processing Factory (JV with Jiangte) --'to ready demand ready buyer from Jiangte Car Electric and Jiangte Lithium Battery. But of all these, what is the most significant contributor for its stock to rise so much ? My guess is : the stake in AMAL You see. AMAL holds to the rights to thd Bald Hill Project. It covers 59 000 ha , or 590 sq km (about the size of Singapore) I think AMAL have nof revealed its Ace Card . What is the Ace Card ? My guess is more or less they may have found high lithium deposits not just in 1 or 2 sites, but could be 3, 4, 5 rich lithium deposits sites. Remember, the Bald Hill covers 590 sq km . Recently, one mining company paid about $ 290 mil for the mining rights to a project that covers only 1/6 of the area of the Bald Hill project, that is about 95 sq km. Hence, the rise in Burwill stock price as they are buying into AMAL with more lithium deposits than they think of. Remember that region is rich in both tantalum and lithium deposits. So 590 sq km I think there may be more good news coming up with more deposits sites being explored and found. Or , they may have even discovered them already and preparing for the right timings to disclose them .
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andychew.eh Senior	07-Oct-2017 10:29        andychew.eh About Contact  Quote this Post!
x 0   x 0  Alert Admin	1. The Burwill anouncement says it all 2. It didnt say toi directly : there is long term good development prospect for the lithium concrntrates project at Bald Hill in Western Australia If direct saying : more rich lithium deposits sites will be diacovered in the 590 sq km bald hill project area 3. This is the best indicator of all indicators. Burwill is so confident that it confidently says in its announcement to all its HK shareholders : Burwill will enjoy the increase in value of AMAL shares. Such such confidence ? They must have known something that makes them say so. And the likely development will be : 1. More lithium rich deposits sites discovered for commercial mining and announced to shareholders 2. Jiangte the direct lithium user will take another SSH stake in AMAL , most likely at a higher placement price than Burwill. This is common in the industry. There are already EV car makers and lithium battery manufacturers taking direct stakes in Australia Lithium mines and mining companies. That is why they (Burwill) are so confident. REASONS FOR AND BENEFITS OF THE SUBSCRIPTION Lithium upstream resources are very scarce worldwide. As elementary materials for new energy electric vehicles and other industries, there ishuge market demand for lithium resources. The Board believes that there is long-term good development prospect for the lithium concentrates project at Bald Hill in Western Australia, which will have lithium concentrates delivery in the first quarter of 2018. 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. Link:www.hkexnews.hk/listedco/listconews/SEHK.../LTN201710041288.pdf andychew.eh      ( Date: 07-Oct-2017 00:41) Posted: It is interesting how things turn out. Before TH, I shorted at 28.5 cts. After TH, today I longed at 28.5 cts (bought a bit lah) The Goldfields Region in Australia is famous for rich tantalum and lithium deposits. Especially so at the Widgiemooltha and Coolgardie Regions. E.g. Mount Marion Lithium Mine I have been thinking , why Burwill stock up more than +20% after TH news. I think now I understand. It has secured not only 5 + 5 years lithium rights, it also secured a significant stake in AMAL It is now a " one dragon long one stop service full supply chain provider" Lithium Mines upstream ---to Lithium Processing Factory (JV with Jiangte) --'to ready demand ready buyer from Jiangte Car Electric and Jiangte Lithium Battery. But of all these, what is the most significant contributor for its stock to rise so much ? My guess is : the stake in AMAL You see. AMAL holds to the rights to thd Bald Hill Project. It covers 59 000 ha , or 590 sq km (about the size of Singapore) I think AMAL have nof revealed its Ace Card . What is the Ace Card ? My guess is more or less they may have found high lithium deposits not just in 1 or 2 sites, but could be 3, 4, 5 rich lithium deposits sites. Remember, the Bald Hill covers 590 sq km . Recently, one mining company paid about $ 290 mil for the mining rights to a project that covers only 1/6 of the area of the Bald Hill project, that is about 95 sq km. Hence, the rise in Burwill stock price as they are buying into AMAL with more lithium deposits than they think of. Remember that region is rich in both tantalum and lithium deposits. So 590 sq km I think there may be more good news coming up with more deposits sites being explored and found. Or , they may have even discovered them already and preparing for the right timings to disclose them .
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RedEye1811 Master	07-Oct-2017 09:49        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	@luanboo: Think we were thinking same thoughts at same time to answer the question. Think you said it little more direct than my long dribble. But on same lines. AMAL is subcontracting things out as you mention so I would fully expect it to be mean. Maybe they will increase some head count moving forward, but I would still expect it to be a very lean operation as employment of majority workers not direct to them but to subcontractors. luanboo      ( Date: 07-Oct-2017 08:58) Posted: First question is true, which is excellent.  Very lean operations while bringing in close to 100m of revenue per year. FY2018 has very short runway since the starting up cost are high. Come FY2019 you will reap the highest benefit with large revenue and low cost. most of the mining work will be subcontracted. AMAL and TAW will just project managed.  Alvin2042      ( Date: 07-Oct-2017 04:22) Posted: 2nd question I can answer. FY18 is for up to 30th June 2018. Of course Amal will still lose money when delivery only start in Apr 2018
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RedEye1811 Master	07-Oct-2017 09:44        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	In respect to Qn1 that is quite easy to reconcile if reading the report closely. For example in Page 16 under the " Project Management" section it is outlined the role of Lithco as being the primary driver whilst AMAL is merely doing the oversight. AMAL already got the land and initial equipment, and as part of farm-in it up to Lithco to arrange the heavy lifting whilst AMAL watches. In simplistic terms, AMAL subcontract out to Lithco, Lithco then subcontract out further down the line. So AMAL do not need many if simply doing the review/oversight.  If I contract with a cleaner company to arrange for 5 cleaners to clean my office each day, those 5 cleaners not my employees. So not my head count. This is highly likely how operating here. Only people directly employed by AMAL in their head count, and as vast majority things going on sub-contracted out to Lithco, Primero etc, then AMAL do not need huge head count right? So no great mystery there. As for Qn2, @Alvin2042 already answered that. Recognition of revenue only going to come Q2/2018 (or at earliest late Q1/2018). So they only going to have 1 quarter of revenue generation given the financial year end for AMAL is June 30. Depending on how much they ship that quarter they could still manage a small profit in FY 2018 depending on how they account for expenditure in getting Bald Hill up and running. Key for FY 2018 is to see if loss for year is narrowed from prior in the event some revenue is recognized. And then the FY 2019 is the crucial step in determining if Bald Hill a low cost operation or not. But again, expecting a loss in FY 2018 not a huge mystery given when financial year of company ends. Alvin2042      ( Date: 07-Oct-2017 04:22) Posted: 2nd question I can answer. FY18 is for up to 30th June 2018. Of course Amal will still lose money when delivery only start in Apr 2018. sheerluck      ( Date: 06-Oct-2017 23:33) Posted: Seems like the turn out will be good.  Can ask the followings: 1. The whole compamny only got 4 employees?  True?  (AR pg 56) 2. The company expect loss for FY18.  Why? (AR pg 58)
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