lotustpsll replied the topic: Alliance Mineral Assets
2 imminent milestones – feasibility report/resource estimate and off-takes agreements. The signs so far are all positive (refer to recent Canaccord report). I note from the report of “tight market conditions for lithium”.
If there are strong off-takes inked, I should expect a strong price uptrend.
The HotCopper forum is interesting and the views there are insightful.
Alliance has secured offtake agreement with HK listcos Burwell which Burwell announced last night. fantastic confidence booster to the market, so the mine is as great as Amal has been suggesting. will stock regain the 40 cent level in the weeks ahead? will brokers lift trading restrictions?
Tawana Resources NL (“Tawana” or the “Company”) is pleased to announce that it has received commitments to raise A$15.0 million (before costs) via the issue of 60 million new fully paid ordinary shares in the Company at an issue price of A$0.25 per share (“Placement”). The Placement was strongly supported by domestic and offshore institutional investors.
The placement follow’s Tawana’s announcement it had signed a binding five-year exclusive lithium concentrate offtake agreement with Hong Kong-listed Burwill Holdings Ltd. The agreement included a prepayment of $25 million (Tawana’s share is $12.5 million) (Refer ASX announcement 26 April, 2017).