Alliance Mineral Assets

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02 Jul 2019 08:49 #24850 by Kapitan
Replied by Kapitan on topic Alliance Mineral Assets
Well, this article talks about a few factors for the lithium market:

Attachments:

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17 Jul 2019 10:27 #24891 by Amataw
Replied by Amataw on topic Alliance Mineral Assets
Broker tells me shortists have been borrowing Alliance shares for shorting. Well, in the not too distant future, we will look back on current share price of 11.7 cents as the bottom ( or v near the bottom), I am sure. Why? Cos the demand for lithium is picking up, and the price will follow.
Just read:

Is This A Gamechanger For The Lithium Industry?
oilprice.com/Energy/Energy-General/Is-Th...ithium-Industry.html

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28 Jul 2019 09:12 #24911 by Amataw
Replied by Amataw on topic Alliance Mineral Assets
GALAXY RESOURCES paid 0.20 AUD/share which gives them an 11.81% stake in the company, now renamed Alita Resources.

Will Galaxy mount a takeover of Alita soon?


EGM Alliance Mineral (AMS SP): Galaxy Investment Approved by Shareholders. Next Stop: Full Takeover?

www.smartkarma.com/entities/alita-resources-ltd/insights

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01 Aug 2019 03:59 #24922 by Amataw
Replied by Amataw on topic Alliance Mineral Assets
finally, there's clear evidence that Alita is of great value at current prices. UBS clients bought 11,000,000 shares at 10.2 cents average. Probably for mid-term holding at least, before the lithium upcycle happens from next year (?).

links.sgx.com/FileOpen/_Alita%20Resource...cement&FileID=572747

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19 Aug 2019 21:30 - 19 Aug 2019 21:31 #24965 by Amataw
Replied by Amataw on topic Alliance Mineral Assets
Street Talk
OCP Asia, Turnbull's Keshik swoop on lithium play Alita Resources

Hong Kong-based alternatives manager OCP Asia and Alex Turnbull's hedge fund Keshik Capital are set to emerge as major shareholders in ASX-listed lithium company Alita Resources.

Street Talk understands OCP and Keshik will tip fresh funds into the lithium concentrate producer as part of a $60 million recapitalisation, and each walk away with a 10 per cent stake and board seats.

The pair's investment is expected to be unveiled as early as Tuesday and be one of a number of significant changes at Alita.

The changes include the payout of a $40 million credit facility to major lender Tribeca Investment Partners, which will be replaced with an equity-like facility backed by OCP and Keshik.

There is also expected to be a realignment of the company towards Korean and Japanese partners, after falling into recent trouble with its existing offtaker.

Shares in the offtaker, Hong Kong-listed Burwill went into a trading halt on Monday as the recapitalisation was being finalised.

Source: www.afr.com/street-talk/ocp-asia-turnbul...rces-20190819-p52ifo
Last edit: 19 Aug 2019 21:31 by Amataw.

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