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risktaker Supreme	29-Jul-2019 13:12        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	Dead cat bounce..... going down again... look at ASX closing we can tell liao...
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zillion Master	29-Jul-2019 12:58        zillion About Contact  Quote this Post!
x 0   x 0  Alert Admin	if there any arrangement between sgx and asx to arbitrage?
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tonytan44 Supreme	29-Jul-2019 11:10        tonytan44 About Contact  Quote this Post!
x 0   x 0  Alert Admin	i am just trading.....he may be correct eventually soundblaster      ( Date: 29-Jul-2019 11:09) Posted: --- Post Removed by User ---
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tonytan44 Supreme	29-Jul-2019 11:06        tonytan44 About Contact  Quote this Post!
x 0   x 0  Alert Admin	dead clock can tell the time correctly twice a day. at some point he will be correct so...... soundblaster      ( Date: 29-Jul-2019 11:05) Posted: --- Post Removed by User ---
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tonytan44 Supreme	29-Jul-2019 11:05        tonytan44 About Contact  Quote this Post!
x 0   x 0  Alert Admin	sad to say we sg side know better. think you follow sotong ozzy too much therefore also lagging behind. like that how you trade in sg mkt?.........u will be lamb kebab risktaker      ( Date: 29-Jul-2019 10:26) Posted: Becareful.... aussie side still under 10c.... maybe they know better?
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tonytan44 Supreme	29-Jul-2019 11:02        tonytan44 About Contact  Quote this Post!
x 0   x 0  Alert Admin	lets checkback on the guys story on last friday 2.38pm the price was maybe 0.096.  tonytan44      ( Date: 26-Jul-2019 14:42) Posted: midas is 0....before it died it went up. it is so straight forward risktaker      ( Date: 26-Jul-2019 14:38) Posted: This lithium story is sound n clear..... n the direction of the coy is very clear.... burning of cash is state clearly... There is nothing to hide LOL.... its straight forward .... thats why u dont even have to think or guess will the situation improve...
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tonytan44 Supreme	29-Jul-2019 10:59        tonytan44 About Contact  Quote this Post!
x 0   x 0  Alert Admin	sotong ozzy side  start to wake up. they catch up liao now our side ready for rd 2 tonytan44      ( Date: 26-Jul-2019 14:31) Posted: BBs should play the same trick HK dual listing played on sg......wait ozzy mkt close then RAM up alita sg........on monday the ozzy stll sotong ram another time in SG then you see the ozzy side start to move. Msport      ( Date: 26-Jul-2019 14:10) Posted: After falling more than 50% in 2mth plus.. today gap down may be a temp bottom... watch next wk for bounce..
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risktaker Supreme	29-Jul-2019 10:51        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	Dangerous... Msport      ( Date: 29-Jul-2019 10:24) Posted: abandon baby formation!! tomorrow will gap up?
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risktaker Supreme	29-Jul-2019 10:26        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	Becareful.... aussie side still under 10c.... maybe they know better?
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Msport Elite	29-Jul-2019 10:24        Msport About Contact  Quote this Post! Style: Flexible
x 0   x 0  Alert Admin	abandon baby formation!! tomorrow will gap up?
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tonytan44 Supreme	29-Jul-2019 09:41        tonytan44 About Contact  Quote this Post!
x 0   x 0  Alert Admin	hmmm those who sold 0.105......haha........now 0.107-0.108 tonytan44      ( Date: 29-Jul-2019 09:27) Posted: lets see what happens......haha.....selldoown 0.105.......haha Trexxx      ( Date: 29-Jul-2019 09:24) Posted: kena smackdown again. looking to try again at 102
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jackjack Veteran	29-Jul-2019 09:41        jackjack About Contact  Quote this Post!
x 0   x 0  Alert Admin	Shorting time. Spike up to sell from high. Expected
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tonytan44 Supreme	29-Jul-2019 09:27        tonytan44 About Contact  Quote this Post!
x 0   x 0  Alert Admin	lets see what happens......haha.....selldoown 0.105.......haha Trexxx      ( Date: 29-Jul-2019 09:24) Posted: kena smackdown again. looking to try again at 102
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Trexxx Veteran	29-Jul-2019 09:24        Trexxx About Contact  Quote this Post!
x 0   x 0  Alert Admin	kena smackdown again. looking to try again at 102
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tonytan44 Supreme	29-Jul-2019 09:19        tonytan44 About Contact  Quote this Post!
x 0   x 0  Alert Admin	maybe shortist sell down to 0.107 are going to get caught
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tonytan44 Supreme	29-Jul-2019 09:05        tonytan44 About Contact  Quote this Post!
x 0   x 0  Alert Admin	FYI..........From Strait Times: Alita Resources The firm - a high-quality lithium producer witha dual listing in Singapore and Australia - has a market capitalisation of $145million. The adoption of more hybrid and full electricvehicles should drive demand for lithium for years to come. While all thecompany' s operational activities are outside Perth, its customers are mainly inAsia. Alita' s Bald-Hill mine is already producing andis expected to reach 240,000-ton capacity by next year. The company hasguaranteed off-take agreements for 50 per cent of its production from a Chinesebuyer. The buyer has had problems securing financingwhich has meant lithium stockpiles have piled up at its Australian port and thecash flow situation of Alita has become very tight. Mr Van Broekhoven expectsthe remaining production to be locked in shortly by Japanese or South Koreanbuyers and cash flows to improve. As Alita ramps up its mine and delivers on itsoff-take agreements, its revenues and Ebitda are expected to increasesignificantly. While current stockpiles are high, and its main off-taker beingin financial distress, Alita' s share price has come under heavy sellingpressure in the last few weeks. " The fair value is at least 20 cents, oralmost 100 per cent above the current share price of 10.2 cents. Should publicmarket investors fail to re-price Alita, we feel strongly that a larger lithiumproducer could recognise the asset value and acquire the company," headds. Mr Van Broekhoven notes that Kidman Resources, aneighbouring mine to Alita, was acquired by Australian conglomerate Wesfarmersin early May. Recently, it appears that another neighbouring mine, GalaxyResources, invested capital into Alita at 20 Australian cents a share. Galaxy is now the largest shareholder of Alita,owning 12 per cent of shares outstanding. Officially, this investment was doneto finance Alita' s exploration programme but given Wesfarmers' interest in thelithium space, it was too risky for Galaxy to leave Alita as a sitting duck.
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tonytan44 Supreme	29-Jul-2019 09:01        tonytan44 About Contact  Quote this Post!
x 0   x 0  Alert Admin	nice tonytan44      ( Date: 26-Jul-2019 15:55) Posted: here is the price i am looking at  tonytan44      ( Date: 26-Jul-2019 10:12) Posted: for retaliers TP=12c-13c is good enough considering price is now 0.09
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risktaker Supreme	27-Jul-2019 07:00        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	Some comments on the cash flow chart. Operating loss is 22M, but that has to be balanced against the inventory of 32kt, which equals about 32M of value. However, at the beginning of the quarter, inventory is 17M, so in total inventory increased by 32-17 15M. 15M-22M = -7M, which means even if the mine is able monetize all the inventory at AUD1000/ton, theres still an operational loss of 7M.  Then there?s other costs as well, interest is about 2M per quarter, royalty about 2M per quarter. Admin cost about 1-3M per quarter. These are pretty rigid and will not change much no matter what are the plant development  plans. Net loss is thus about 12-14M per quarter, even if all products are sold. If we add in drilling cost and development cost for the fines, then that would mean an additional 8-10M cost, which I think currently is pretty much on hold.  That explains the tight financial situation despite a CR raising 30M.  The mine is loosing money at the current spodumene prices, combined with delay in shipment, this is indeed very grim in the short term. Cost of production needs to come down, however without a fines circuit and increased plant throughput, this is difficult to achieve. The AUD $774/ton cash cost is pretty deceiving and is derived after much accounting tweaks. It is not a good reflection of the actual cost of production. Total production cost is 35,672000, if you divide this by total production 38717, the result is AUD $924/ton. This has not included royalties/interest/admin cost. Tatanum credit may offset the cost a bit, but not by a lot. Tough ride ahead.  another point in the cashflow chart: it seems merger cost has not been paid fully yet. every quarter expect about 3M-6M of outflow by merger cost, however actual cashflow chart does not seem to have that high number, and the merger cost will be reprojected to next quarter. Seems the company has been delaying merger cost quarter by quarter, at least part of it.  I m posting these numbers out of frustration. I don?t believe our peers are much better. The PLS cash cost of 700+/ton also has similar issues. Only greenbushes with a great highgrade mine and long operating experience will have low cost at 200-300usd/ton. MIN and GXY will have slightly higher costs as the mines are in steady state production. A40/AJM/PLS will have high cost in the short to medium term.  https://hotcopper.com.au/threads/ann-corporate-and-operations-update.4873051/page-4 (The above is taken from hotcopper which explains why i am concern about its production cost, this is not a counter that u can punt, it has some real issue in it. Good luck, a rebound is a sell)
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bicycle Member	26-Jul-2019 21:53        bicycle About Contact  Quote this Post!
x 0   x 0  Alert Admin	Any idea why they changed name to Alita? Cant see any explanation.
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SgYuan Supreme	26-Jul-2019 20:59        SgYuan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Side note: This is a high risk stock Don't hold too long Or better dont play if cannot yake the tiak
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