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It is too early to tell market correction, I bought some shares at 192 today, I will gradually add if it drop further.
risktaker ( Date: 09-Mar-2017 15:38) Posted:
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Market under correction... better stay sideline first.... seller looks strong atm
Who verify the minerals under ISR deal? ISR valuation could be just hot air....
But alliance mineral is very different... they are in western australia..and recent drilling results confirm their lithium grade... now just need them to start production...
I think by end of this year alliance mineral could be over a dollar...lol
I think only...
But alliance mineral is very different... they are in western australia..and recent drilling results confirm their lithium grade... now just need them to start production...
I think by end of this year alliance mineral could be over a dollar...lol
I think only...
Zindarion ( Date: 09-Mar-2017 13:31) Posted:
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Bro ISR also have 1B Worth of mines
Can help me to calculate?
I seen ppl calculate such thing in MMP, and today still hoping
205/210 nobody willing to sell.
Can help me to calculate?
I seen ppl calculate such thing in MMP, and today still hoping
205/210 nobody willing to sell.
risktaker ( Date: 09-Mar-2017 09:22) Posted:
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Yup can see BB dumping... so buyers wait for tmr or next week... price likely go down further
papayaface ( Date: 09-Mar-2017 11:23) Posted:
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BB unloading is helping shortists. Haha. Good luck
Buy and hold is ok.... contra likely cannot ... likely to se 180x hehe
timothylim890 ( Date: 09-Mar-2017 10:02) Posted:
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Still convinced that AMA has huge upside. Thinking of accumulating more tomorrow (Friday profit taking should push price down further, good opportunity for us longists)
risktaker ( Date: 09-Mar-2017 09:39) Posted:
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Dont KC.... finally buyer in control... we let seller sell then refill the buy queue slowly leh...
Buy and hold... push for what... lol slowly buy
Crossback ( Date: 09-Mar-2017 09:29) Posted:
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Push it back above 20c and kill the shortists
真 金 不 怕 火 。 real gold wont be afraid of fire.... becos after it burn... its still gold....
If the resources is real deal... just dont contra u will be rewarded handsomely by year end...
Good luck to all Alliance supporter..
If the resources is real deal... just dont contra u will be rewarded handsomely by year end...
Good luck to all Alliance supporter..
How i get my target price of 1.38
If they produce i get a low range 120,000 ton lithium x USD $800 per ton = USD96,000,000
Major bulk of the cost to be recover from tantalum
If we can get 20% margin....after all cost... thats around USD 19,000,000
Which company make at least 28million SGD a year is less than 500million market cap....remember CEO is referencing galaxy resources as their target.... galaxy is 1billion market cap and just had first deliver of their lithium late last year ....
So current price on the low side before production is less than 100million....
now is a rare opportunity for anyone to make back their losses from oil and gas....
Accumulate below 20 is good... but please do ur own research....
If they produce i get a low range 120,000 ton lithium x USD $800 per ton = USD96,000,000
Major bulk of the cost to be recover from tantalum
If we can get 20% margin....after all cost... thats around USD 19,000,000
Which company make at least 28million SGD a year is less than 500million market cap....remember CEO is referencing galaxy resources as their target.... galaxy is 1billion market cap and just had first deliver of their lithium late last year ....
So current price on the low side before production is less than 100million....
now is a rare opportunity for anyone to make back their losses from oil and gas....
Accumulate below 20 is good... but please do ur own research....
Shorting in progress...hiak hiak. Good luck
Good price to slowly buy now :)
John Holmes, exploration manager at Australia-listed Pilbara Minerals, told CNBC: "With the surprising quick uptake of Tesla's new vehicles and electric vehicles in general, we're going to see a massive surge in demand for lithium-ion batteries in the foreseeable future."
AMAL's announcements pertain to its mining studies and, understandably, contain lots of technical information. But the theme, in simple language, is as follows:
1. More studies have shown that the ore in AMAL's mine in Western Australia is rich in lithium.
2. Significant progress has been made towards the start of production of spodumene concentrate (which contains lithium).
3. Low capital cost is needed to get the mine ready for production
In addition, consider this quote from CEO Tjandra Pramoko in the 27 Jan announcement: "At recent pricing, the in-ground combined values of the lithium and tantalum mineralisation is significant, and tantalum by-product credits have the potential to cover a large share of mining costs.?
We translate that into layman language:
♦ The mine has quantities of two minerals -- lithium and tantalum -- in the ground that are significant in value at current market prices.
♦ The sale of tantalum alone from ore that is dug up can pay for the bulk of the mining costs. Hence, the sale of lithium from the same ore would bring in a good profit.
The low cost of production is what gives him the "most excitement", said AMAL's CEO, Mr Tjandra Pramoko, at an investor presentation this week.
He was also upbeat about the likelihood of AMAL becoming the next lithium producer in Australia when it commissions its facilities in October this year.
There are only 3 producers there currently.
AMA plt1.17
Thanks to existing refurbished infrastructure and a JV partner which will fund the capex for additional facilities, Alliance expects to speed track to production of tantalum and spodumene (source of lithium) by end-2017. Photo: Company
AMAL is nearer production than a handful of other peers in Australia.
"We have the infrastructure, we have the licences, the camp, the plant, the mining pit and the approval for mining. It took us 1.5 years to get the approval," said Mr Pramoko.
The mining approval covers the ore at AMAL's site, the Bald Hill Project.
The ore has several minerals, including tantalum, which was the mineral AMAL had initially set out to produce -- until a decline in its market price caused the company to stop production in 2015.
Tests have since shown that the ore has high-grade lithium and hence, in mid-2016, AMAL agreed to partner Tawana Resources to exploit the resource.
Tawana committed to spend A$20 million for drilling, feasibility studies and capex in exchange for a right to 50% of the revenue from the mine.
Mr Pramoko said that several milestones are fast approaching including: Finalising agreements with off-takers, and the award of EPC contract for some additional mining infrastructure.
AMAL's announcements pertain to its mining studies and, understandably, contain lots of technical information. But the theme, in simple language, is as follows:
1. More studies have shown that the ore in AMAL's mine in Western Australia is rich in lithium.
2. Significant progress has been made towards the start of production of spodumene concentrate (which contains lithium).
3. Low capital cost is needed to get the mine ready for production
In addition, consider this quote from CEO Tjandra Pramoko in the 27 Jan announcement: "At recent pricing, the in-ground combined values of the lithium and tantalum mineralisation is significant, and tantalum by-product credits have the potential to cover a large share of mining costs.?
We translate that into layman language:
♦ The mine has quantities of two minerals -- lithium and tantalum -- in the ground that are significant in value at current market prices.
♦ The sale of tantalum alone from ore that is dug up can pay for the bulk of the mining costs. Hence, the sale of lithium from the same ore would bring in a good profit.
The low cost of production is what gives him the "most excitement", said AMAL's CEO, Mr Tjandra Pramoko, at an investor presentation this week.
He was also upbeat about the likelihood of AMAL becoming the next lithium producer in Australia when it commissions its facilities in October this year.
There are only 3 producers there currently.
AMA plt1.17
Thanks to existing refurbished infrastructure and a JV partner which will fund the capex for additional facilities, Alliance expects to speed track to production of tantalum and spodumene (source of lithium) by end-2017. Photo: Company
AMAL is nearer production than a handful of other peers in Australia.
"We have the infrastructure, we have the licences, the camp, the plant, the mining pit and the approval for mining. It took us 1.5 years to get the approval," said Mr Pramoko.
The mining approval covers the ore at AMAL's site, the Bald Hill Project.
The ore has several minerals, including tantalum, which was the mineral AMAL had initially set out to produce -- until a decline in its market price caused the company to stop production in 2015.
Tests have since shown that the ore has high-grade lithium and hence, in mid-2016, AMAL agreed to partner Tawana Resources to exploit the resource.
Tawana committed to spend A$20 million for drilling, feasibility studies and capex in exchange for a right to 50% of the revenue from the mine.
Mr Pramoko said that several milestones are fast approaching including: Finalising agreements with off-takers, and the award of EPC contract for some additional mining infrastructure.