| Latest Forum Topics / Alita Resources Last:0.078 -- |
|
|
alliance mineral resources move up
|
|||||
|
Atom99
Master |
04-Oct-2017 12:33
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
||||
|
x 0
x 0 Alert Admin |
 
OFFTAKE CONTRACT AND NAL SHARE SUBSCRIPTION On 9 June 2017, a wholly-owned subsidiary of the Company, BCL, entered into the Offtake Contract with NAL, pursuant to which, BCL will receive a high grade lithium concentrate of 80% of the total production of the La Corne Lithium Mine Project in Quebec, Canada. The Offtake Contract is for a period of three years, after which BCL may extend such right of purchase to the same for subsequent five years. The purchasing price will be determined by both parties based on market conditions. BCL undertakes to subscribe for no more than approximately 10% stake in NAL (upon completion of the NAL Listing) for a total Consideration of CAD25,000,000 (equivalent to approximately HK$145,000,000). LISTING RULES IMPLICATIONS As the applicable percentage ratios in respect of the NAL Share Subscription exceed 5% but less than 25%, the NAL Share Subscription constitutes a discloseable transaction for the Company and accordingly, is subject to the reporting and announcement requirements under Chapter 14 of the Listing Rules. The Board is pleased to announce that on 9 June 2017, a wholly-owned subsidiary of the Company, BCL, entered into a lithium concentrate Offtake Contract with NAL. OFFTAKE CONTRACT Date: 9 June 2017 Sellers: North American Lithium Inc. Buyer: Burwill Commodity Limited, a wholly-owned subsidiary of the Company As at the date of this announcement, to the best of the knowledge, information and belief of the Board, having made all reasonable enquiries, NAL and its respective ultimate beneficial owners are third parties, independent of the Company and its connected persons. - 2 - Pursuant to the Offtake Contract, BCL will receive a high grade lithium concentrate of 80% of the total production from NAL of the La Corne Lithium Mine Project in Quebec, Canada, while another 20% of the total production is reserved for sale to an European commodity trader. The Offtake Contract is for a period of three years, after which BCL may extend such right of purchase to the same for subsequent five years. The purchasing price will be determined by both parties based on market conditions. The first shipment of lithium concentrate will start from around the 3rd quarter, and till the end of 2017, BCL will receive approximately 32,000 dry tons of lithium concentrate from the project. Subsequently, BCL will receive the amount not less than 80,000 dry tons per year. NAL Share Subscription Pursuant to the Offtake Contract, BCL has promised to pay the Consideration in a total of CAD25,000,000 for the subscription of approximately a total of 6,000,000 common shares of NAL (representing approximately no more than 10% of the enlarged share capital of NAL upon completion of the NAL Listing). BCL shall pay the Consideration to NAL on or before 10 July 2017. If NAL Listing fails to complete by 30 September 2017, the CAD10,000,000 payment by BCL will be for the subscription of certain common shares of NAL and the CAD15,000,000 payment by BCL will become an advance payment made by BCL to NAL for the purchase of products under the Offtake Contract and will be repaid by NAL to BCL by way of set-off against the purchase price for the products in accordance with the Offtake Contract. The payment for the Consideration for the NAL Share Subscription will be funded by internal resources of the Group.
|
||||
| Useful To Me Not Useful To Me | |||||
|
Atom99
Master |
04-Oct-2017 12:28
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
||||
|
x 0
x 0 Alert Admin |
Maybe not AMAL.But Shares placement from NAL in Canada.
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Atom99
Master |
04-Oct-2017 12:22
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
||||
|
x 0
x 0 Alert Admin |
Looks like AMAL is going raise cash by placement of shares to BurwillHL? IMO. DYOR and DYODD
|
||||
| Useful To Me Not Useful To Me | |||||
|
amlithiumpower
Senior |
04-Oct-2017 12:21
|
||||
|
x 0
x 0 Alert Admin |
Ha... Beat me if someone tell me maybe not AM, maybe other company. Ha... I really have nothing to say already.
|
||||
| Useful To Me Not Useful To Me | |||||
|
Atom99
Master |
04-Oct-2017 12:19
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
||||
|
x 0
x 0 Alert Admin |
INSIDE INFORMATION This announcement is made by Burwill Holdings Limited (the &ldquo Company&rdquo ) pursuant to Rule 13.09 of The Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the &ldquo Listing Rules&rdquo ) and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong). The Company is negotiating with an overseas listed company for subscription of its new shares by way of placement (the &ldquo Transaction&rdquo ). Further announcement will be made by the Company when there is any new development with regard to the Transaction. By Order of the Board Burwill Holdings Limited CHAN Shing Chairman Hong Kong, 4 October 2017  
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
amlithiumpower
Senior |
04-Oct-2017 12:19
|
||||
|
x 0
x 0 Alert Admin |
http://burwill.todayir.com/attachment/2017100412170100002937747_en.pdf They are negotiating with overseas company for new placement. OMG could it be AM? |
||||
| Useful To Me Not Useful To Me | |||||
|
Atom99
Master |
04-Oct-2017 11:36
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
||||
|
x 0
x 0 Alert Admin |
Then u DYOR and DYODD
|
||||
| Useful To Me Not Useful To Me | |||||
|
sheerluck
Supreme |
04-Oct-2017 11:24
Yells: "Work for your money first then let your money work for you" |
||||
|
x 0
x 0 Alert Admin |
Opinion does not need proof but the subject of your opinion need to have some.  So is it alright if someone started saying T& S is going to run away with all AMAL cash and discuss excessively on it as if it were true?  Based on someone meaning of " opinion" , it is alright.  
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Alvin2042
Master |
04-Oct-2017 11:16
|
||||
|
x 0
x 0 Alert Admin |
Burwill is having a good run today. Now 31cts n reach a high of 33cts | ||||
| Useful To Me Not Useful To Me | |||||
|
amlithiumpower
Senior |
04-Oct-2017 11:16
|
||||
|
x 0
x 0 Alert Admin |
Chill guys. Everyone trades and invest differently and hence it would be good to consider aspects of info shared that is useful for your particular trades. The only factual regarding SP performance of both Burwill and Tanawa is both of them are up in term of price and volume traded. Although no announcements have formally been made, traders and investors alike are using these info to anticipate what would be the possible outcomes and reasons for AM halt and performance since when it had reverse from recent bottom at 21c. SP do not move for no reasons its always the insider (BB) who move it then we speculators (anticipating the info) participate in it and then the investors see the real info then jump in. Ha... So let' s be a little patience on this mid autumn festival and enjoy the tranquility before trading resumes. |
||||
| Useful To Me Not Useful To Me | |||||
|
giantgrouper47
Member |
04-Oct-2017 11:14
Yells: "Patience is the way" |
||||
|
x 0
x 0 Alert Admin |
Think positive. Opinions no need proof. It's a gut feeling
|
||||
| Useful To Me Not Useful To Me | |||||
|
Atom99
Master |
04-Oct-2017 11:02
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
||||
|
x 0
x 0 Alert Admin |
So please don' t always ask people to show proof when members here are stating an " opinion" . DoYou understand what an " Opinion" ? I will be insulting members intelligence here if they believe what I hv posted. I am in no duty to show proof to you and l believe you will DYOR nnd DODD. lf cannot be on the same page...CANNOT CONNECT THEN DISCONNECT.
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Alvin2042
Master |
04-Oct-2017 10:45
|
||||
|
x 0
x 0 Alert Admin |
If can show u the eggs then will be selling time. Buy on rumors sell on news.
|
||||
| Useful To Me Not Useful To Me | |||||
|
sheerluck
Supreme |
04-Oct-2017 10:40
Yells: "Work for your money first then let your money work for you" |
||||
|
x 0
x 0 Alert Admin |
I am only after some creditable sources of Burwill interest in AMAL and not on people opinion on somethign that has no basis.  Counting chickens before they are hatched?  Sorry there aren' teven any eggs in the first place.  Show me some eggs first please.  
|
||||
| Useful To Me Not Useful To Me | |||||
|
Atom99
Master |
04-Oct-2017 10:17
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
||||
|
x 1
x 0 Alert Admin |
Everyone in SJ are entitled to their own opinions.And I respect that as long as they don' t insult or belittle others. You want to know whose opinion, please go look at the past posting. Thank You.  
|
||||
| Useful To Me Not Useful To Me | |||||
|
sheerluck
Supreme |
04-Oct-2017 10:09
Yells: "Work for your money first then let your money work for you" |
||||
|
x 0
x 0 Alert Admin |
I don' t think it will be the R& R report.  Normally, AMAL trails behind TAW in all announcements regarding Baldhill even though they are the owners.  The last time AMAL halt-> suspension,in the end, they only announced what TAW announced weeks ago. I cannot rem who started this rumour about Burwill buying into AMAL.  Where did it all started?  Any announcement or news on these?  Even those who are always screaming fundamental also daydream all over it. I need to see some news or announcements.  Where can I find them?
|
||||
| Useful To Me Not Useful To Me | |||||
|
Steady28
Senior |
04-Oct-2017 10:08
Yells: "huat ah" |
||||
|
x 0
x 0 Alert Admin |
Dont really wish to go into suspension. Hate the feeling. Hope they can catch the boat n ride on the tide...
|
||||
| Useful To Me Not Useful To Me | |||||
|
furnaces
Veteran |
04-Oct-2017 10:08
|
||||
|
x 0
x 0 Alert Admin |
I posted too soon. Now $0.325, +14%. What is happening?
|
||||
| Useful To Me Not Useful To Me | |||||
|
Steady28
Senior |
04-Oct-2017 10:06
Yells: "huat ah" |
||||
|
x 0
x 0 Alert Admin |
0.32 liao. All the stars are aligned. Taw burwill amal. Steady swee swee.
|
||||
| Useful To Me Not Useful To Me | |||||
|
furnaces
Veteran |
04-Oct-2017 10:00
|
||||
|
x 1
x 0 Alert Admin |
Burwill Holdings just chionged to a new 52 week high. $0.315, +0.03 (10.5%) |
||||
| Useful To Me Not Useful To Me | |||||

