*Alliance Mineral Assets Ltd* Official Thread

[king2penn]

Anyone vested? Today just rushed up 10-15% on news of good lithium concentration deposits on their mines. So besides their main product of Tantalite they have formed a joint venture for their lithium mining as well

Looks alot more solid than ISR Capital which has little to no fundamentals. At least this one has a working mine already

 

[Android user]

Anyone vested? Today just rushed up 10-15% on news of good lithium concentration deposits on their mines. So besides their main product of Tantalite they have formed a joint venture for their lithium mining as well

Looks alot more solid than ISR Capital which has little to no fundamentals. At least this one has a working mine already

Penny stocks running up, time for sti run up to 4k and explode

 

[Android user]

Seem to be really thing

 

[furnaces1984]

Big offtake agreement with Burwill holdings at record US$1000 per ton of spodumene concentrate at above 6%.
Prepayment of A$25million for capex.
Exclusive rights for 5 years, preemptive rights for another 5 years.
Burwill committed to purchase minimum of 100,000 ton spodumene concentrate for first 2 years, worth US$200million.

 

[[M]aiev]

vested ki lan; more like trading

 

[Shion]

Shares of Alliance Mineral Asset's CEO Pramoko and wife seized again to repay debt

Shares of Alliance Mineral Asset's CEO Pramoko and wife seized again to repay debt

https://www.theedgesingapore.com/sh...-ceo-pramoko-and-wife-seized-again-repay-debt

SINGAPORE (Dec 4): Shares of Alliance Mineral Assets, belonging to CEO Tjandra Pramoko and his wife, executive director Simone Suen, had been seized on court order dated Nov 30.

In a company filing on Dec 4, some 40 million shares, representing 7.2% of Alliance Mineral, has been seized. The shares will then be sold by the Court Sheriff to raise proceeds of some $5.5 million.

This is the sum of money Pramoko owes businessman Jonathan Lim Keng Hock as part of a settlement agreement the two men inked earlier this year.

The balance of the shares will then be returned to Pramoko.

The latest legal action is a repeat of what happened back in July, when shares belonging to Pramoko was seized and sold so that Lim can be repaid. Shares were returned to him on Oct 30.

Back in 2009, Lim lend Pramoko A$7 million ($7.2 million) in return for half the value of a mining asset that the latter was trying to develop.

This mining asset would eventually become Alliance Mineral, which is slated to start producing lithium in the new year.

Shares of Alliance Mineral gained two cents on Monday to close at 35.5 cents. Assuming the court-mandated sale was carried out at this price, some 15.4 million Alliance Mineral shares would have been sold.

Prior to the seizure, Pramoko and his wife hold 86.1 million Alliance Mineral shares. With the sale, they might be left with an estimated 70.7 million shares, or 12.7% of the company.

 

[Jupiter2017]

http://www.businesstimes.com.sg/com...s-from-burwill-under-share-placement-exercise
Alliance Mineral receives all payments from Burwill under share placement exercise
Tue, Dec 05, 2017 - 3:23 PM Wong Kai Yi kaiyiw@sph.com.sg

ALLIANCE Mineral Assets announced on Dec 5 it has received all payments from Hong Kong-listed Burwill Commodity under a share placement exercise, which concluded with the fourth and final tranche on Nov 7.
Alliance said that the additional money will help fund the first shipment of lithium concentrate from its Bald Hill mine project, where it has partnered Australia-listed Tawana Resources in a joint venture.
Catalist-listed Alliance said in early October it was placing A$19.575 million (S$20.8 million) of shares to Burwill Commodity as its auditor flagged uncertainty about its ability to operate as a going concern if it is unable to raise more funds.
Burwill bought the shares in four tranches, with the subscription price representing discounts of up to 10 per cent of the stock's volume weighted average price of 29.72 Singapore cents on Sept 29.
Under the initial terms, the fourth tranche was to have been completed by Dec 31, 2017; the schedule was later accelerated as part of a few amendments Alliance announced in end-October.
Burwill - which is also Alliance's customer - has agreed to buy the 6 per cent Li2O concentrate over the first two years of production from the mine at a price of US$880 per tonne.
Alliance's chief executive Tjandra Pramoko said that construction on the Bald Hill mine project was progressing on schedule, and the miner was on target to produce the first shipment of lithium concentrate in the first quarter of 2018.
The company's shares were trading at 32.5 Singapore cents as at 3.03pm, down by three Singapore cents or 8.45 per cent.

 

[Jupiter2017]

http://www.businesstimes.com.sg/com...to-term-sheet-to-sell-tantalum-from-bald-hill
Alliance Mineral, Tawana enter into term sheet to sell tantalum from Bald Hill project
Thu, Jan 25, 2018 - 8:16 AM Rachel Mui rachmui@sph.com.sg

AUSTRALIAN miner Alliance Mineral Assets Limited (AMAL) and its joint venture partner Tawana Resources have entered into a non-binding term sheet to sell at least 600,000 pounds (272,155 kilogrammes) of tantalum concentrate. A binding agreement is to be negotiated within two months.
According to both companies, the buyer is a tantalum industry specialist, and has agreed to purchase the tantalum concentrate from the Bald Hill Lithium and Tantalum Mine in the Eastern Goldfields of Western Australia. The Bald Hill project is owned 50:50 by Tawana and AMAL.
The buyer has agreed to purchase a minimum of 600,000 pounds of tantalum concentrate from April 2018 to December 2020, or all of the standard grade tantalum concentrate produced at Bald Hill within this period if the delivery is less than 600,000 pounds, the companies said.
At the option of the buyer and subject to availability, the buyer may also purchase other materials such as low grade concentrates and off spec materials.
Under the agreement, there are no penalties to Tawana and AMAL for late deliveries.
Said AMAL's chief executive officer Tjandra Pramoko: "With the Bald Hill Mine due to commence tantalum production in the first half of 2018, we are pleased to have reached a tantalum supply agreement with a true market leader in the field. At the same time, we are also continuing discussions with other third parties for sale of excess tantalum concentrate."

price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=40F.SI

 

[Jupiter2017]

http://www.businesstimes.com.sg/companies-markets/alliance-mineral-assets-q2-loss-deepens-to-a136m
Alliance Mineral Assets Q2 loss deepens to A$1.36m
Fri, Feb 09, 2018 - 7:58 AM Andrea Soh sandrea@sph.com.sg

INCREASED expenses took a toll on results for Alliance Mineral Assets Limited for its second quarter.
Net loss worsened to A$1.36 million (S$1.4 million), from a net loss of A$989,400 in the previous year, the group said in a Singapore Exchange filing on Friday morning.
For the three months ended Dec 31, interest income surged almost four times to A$64,721 from the previous year due to a higher amount of Australia dollar short-term deposits placed following its placement exercised.
There was no revenue for the quarter as it had not yet started commercial production.
The firm recorded a sharp rise in consulting and directors fees, administrative expenses and employee salaries, with these at least doubling, even as site operating expenses and borrowing costs dropped.
Alliance Mineral said that it had adjusted salaries for full-time employees to recognise the increase in activity of the company, and also increased the number of full-time employees. Directors' fees had also been approved at the annual general meeting.
It added that exploration drilling for lithium on the Bald Hill Mine Site continued, and it has yet to start commercial production of tantalum and lithium.

price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=40F.SI

 

[Shion]

https://links.sgx.com/FileOpen/Repo...companies.ashx?App=Announcement&FileID=590052