| Latest Forum Topics / Alita Resources Last:0.078 -- |
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alliance mineral resources move up
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risktaker
Supreme |
02-Oct-2017 13:31
Yells: "Posts are opinions. Do not take it as investment advise " |
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Ya they got me LOL
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Alvin2042
Master |
02-Oct-2017 13:29
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Burwill have a lot of China connections. Will be good for Amal.
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risktaker
Supreme |
02-Oct-2017 13:11
Yells: "Posts are opinions. Do not take it as investment advise " |
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Convertible loan into alliance shares | ||||
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RedEye1811
Master |
02-Oct-2017 12:39
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In 2017 it has requested a TH 4 times. In 2016 request 1 TH. In 2015 did not request a single TH. In 2014 zero TH request. So it definitely a serial TH counter then. 4 times in last 12 months equals frequent. Low benchmark.
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tankookoo
Master |
02-Oct-2017 12:30
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This counter must hold type as halt frequently, not for contra...  
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RedEye1811
Master |
02-Oct-2017 12:26
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There may be other moving parts in this than just AMAL and the sponsors preparing the annoucement. So it may or may not take little longer. Assuming they were negotiating something, then one may need to consider they (a) reached a verbal agreement, (b) then the lawyers iron out/prepare formal documents, (c) then they sign it, and then (d) formal announcement. Between time of verbal agreement till formal announcement one would hope that announcement is being prepared and verified at same time any legal issues ironed out. But with anything legal getting the fine print done can always cause a delay. We are to privy to the negotiations, what legal documents need to be finalized, documents signed and lodged etc which will go on behind closed doors before we get a formal announcement. Even if announcement is easy to prepare, the legal stuck could cause some slow steps. Just need some patience as we not prixy to all going on. But hopefully from past lessons they do not drag it.
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RedEye1811
Master |
02-Oct-2017 11:41
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Bro: Regarding your second paragraph, just a few thoughts to try and answer your question (or express a view that may explain). With respect to the announcement on September 20, at that time shareholders were likely wondering if the final payment due Sept 15 had been received. In respect to that AMAL issued the announcement saying they were in negotiations. AMAL were also clear in that announcement that the success of any negotiations were uncertain, and they stated people trade with caution. Since September 20 AMAL and presumably Burwill be negotiating things which could have been successful or not. The current trading halt is high likely a sign the negotiations have reached a conclusion. To prevent insiders trading on knowledge of the precise outcome of those negotiations they calling a TH. Whilst we all then knew some negotiations were ongoing that does not mean everyone jump to going into a trading halt till negotiations are over, and it is quite standard. Just look at GLP, UE, CWT and so forth during the year. It was announced in case of GLP, for example, parties had expressed interest in a takeover, and the assessment of bids and negotiations were ongoing. During that period GLP never went into lengthy TH correct? It just kept on trading. When the deal was announced, however, it did go into a TH in the period immediately before final details released. AMAL and Burwill may have come to terms, now the lawyers ironing out the final terms, writing everything up, and then they sign anything. Only then they announce. When they were negotiating no need to TH as could go either way, but now they likely agreed so TH. Very standard process which is same pattern as other big profile deals during year like GLP, UE, CWT etc. Hope that helps with addressing your puzzle.
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luanboo
Member |
02-Oct-2017 11:33
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Bro, you write as if communicating to AMAL management and sponsor. I do believe they (management and sponsor) might constantly checkout the forums but this is not the correct channel to communicate to them. I would suggest that you drop them an email to convey this message. And when enough shareholders do so, they might work on it with more urgency. I hope this trading halt do not turn into suspension again! That will be detrimental to the SP. I hope they have learnt their lession.
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Steady28
Senior |
02-Oct-2017 11:21
Yells: "huat ah" |
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as with anything else, both amal and the sponsors must ensure that everything is expeditious and accorded importance at this critical juncture. halts should not be extensively lengthly when unwarranted, it will incite only more unnecessary anxiety and assumptions. pls do your best and learnt from the past lessons... | ||||
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amlithiumpower
Senior |
02-Oct-2017 11:18
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If they mirror Burwill pattern, their SP too move up first followed by trading halt and they issue CB based on their last traded price. If Burwill were to provide additional loan to AM in terms of CB, then it would require last traded price to determine the conversion price. And this will be sensitive enough to warrant for trading halt. The only question is why if there is a loan to Am, and Tawana do not qualify for it also. Unless its the way the agreement is structured under Lithco rather than Tawana make it difficult for Burwill to issue any CB to Lithco. Just a guess here.
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luanboo
Member |
02-Oct-2017 10:38
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Based on the wording of the latest Trading Halt request, I believe it is Burwill related. AMAL and Burwill must have reached an agreement on how to proceed with the final prepayment and additional loan (likely with share options for Burwill).  Tantalum offtake will come soon (another 1 to 2 weeks) but not today. Don' t ask me how I know - I can' t say in public.  ![]() What puzzles me is why they have called a trading halt now, after a non trading halt announcement on 20-Sep that they are discussing the final prepayment? Everyone knows they are negotiationg something with rumours flying around causing an upsurge in the SP. If they have something to announce, just announce before market opens / after market closes. Strange moves, but nothing surprising if you know how AMAL had been behaving. In any case, exciting October has finally arrived for AMAL LT investors. So many potential catalysts for the SP to move positively Burwill investment, tantalum offtake, resource upgrade, mining contract award, progress update etc. Also looking forward to the AGM end of this month. No official announcements yet. I was made to believe that the AGM was 30-Oct (Mon).   |
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sheerluck
Supreme |
02-Oct-2017 10:30
Yells: "Work for your money first then let your money work for you" |
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Perhap announce AMAL got the final payment from Burwill.  That' s still outstanding right? | ||||
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Atom99
Master |
02-Oct-2017 10:16
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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Bro I hv tried the google translation,but it cannot get all the translation meaning right.That is why I didn' t post it.Always error message when I tried to link the website to SJ post here.Don' t know why? Actually, There a MACD chart which depict a uptrend in SP.DYOR andDYODD. Note:" 18 oct is a public holiday" and not " 18 public holidays " .Not " Union of Minerals" ... It is " ALLIANCE " " Melon" here refers to AMAL CEO"
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timothylim890
Veteran |
02-Oct-2017 10:00
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This sounds like a KCNA announcement HAHA made my day thanks.
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giantgrouper47
Member |
02-Oct-2017 09:57
Yells: "Patience is the way" |
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Internet translation. Can you figure out what it is? Haha.
Up to six months of the flag-shaped finishing, and finally broke through on September 27, the Union of minerals will be re-embarked on the realization of the long road, from the figure point of view, the first target will be a breakthrough position plus flag height & mdash & mdash & ndash 50.5 points. Think of the melon of the bet on the price & mdash & mdash & ndash 50 points, almost no God? Taking into account the bet price is the average price of seven trading days before October 24, after deducting the 18 public holidays, the war will start on the 12th of this month, the annual drama, not to be missed. There is a Living Water loan that is a friend of Guagua, through its own private company, loan-free to the alliance of the Union, the amount of up to several million to assist the development of listed companies. In the case of his own personal debt, he is willing to do so, ask you can get it? Those who question him, those who call him, your conscience will not hurt it?
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Alvin2042
Master |
02-Oct-2017 09:39
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Really hope that it will provide extra meat for your shortings. Because that means a gap up.
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papayaface
Supreme |
02-Oct-2017 09:30
Yells: "This is the best time to enter....when everythings uncertain" |
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Hopefully announcement will  not provide extra meat for shorting. Hiak hiak hiak. Good luck
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Atom99
Master |
02-Oct-2017 09:30
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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About AMAL in Chinese language.
长 达 半 年 的 旗 形 整 理 ,  终 于 在 九 月 二 十 七 日 突 破 了 ,  联 盟 矿 产 将 重 新 踏 上 漫 漫 价 值 实 现 之 路 , 从 图 上 看 ,  第 一 目 标 位 ,  将 是 突 破 位 置 加 旗 杆 高 度 &mdash &mdash &ndash 50.5  分 . 联 想 到 狐 瓜 的 对 赌 价 格 &mdash &mdash &ndash 50  分 ,  殆 非 天 意 ? 考 虑 到 对 赌 价 格 是 十 月 二 十 四 日 之 前 七 个 交 易 日 的 均 价 ,  扣 除 18  日 的 公 共 假 期 ,  大 战 将 于 本 月 12  日 开 始 ,  年 度 大 戏 ,  不 容 错 过 . 有 一 笔 Living Water  loan 是 瓜 哥 夫 妇 ,  通 过 自 己 的 私 人 公 司 ,  无 息 借 贷 给 alliance mineral  的 ,  数 额 高 达 数 百 万 ,   以 协 助 上 市 公 司 发 展 . 在 他 本 人 背 负 有 息 私 人 债 务 的 情 况 下 ,  他 肯 这 么 作 ,  问 你 能 作 得 到 么 ? 那 些 质 疑 他 的 人 ,  那 些 骂 他 的 人 ,  你 的 良 心 不 会 疼 么 ? |
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furnaces
Veteran |
02-Oct-2017 09:08
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IMO, the halt is likely to be related to existing offtake agreement? Alliance put " Update to the offtake agreement" . So Burwill? HKSE is closed for holiday today. So can probably start to press F5 refresh for Alliance and Burwill for any announcement after market close. Dont think it will be Tantalum Offtake (yet?) because Tawana also didnt earn in to the 50% rights before they had the Lithium Offtake with Burwill. I guess good news regardless, just how good is this news.
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Steady28
Senior |
02-Oct-2017 08:50
Yells: "huat ah" |
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yes, professionals dont hold overnight due to all these halts or some unforeseen circum.  they can use cfd to short, but normally doesnt work for pennies. 
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