Alliance Mineral Assets

still no news from AMA. i hope it pans out like what Optimist in Sharejunction (luanboo) says:
Our partner Tawana had been stagnated for a while but jumped 8.51% today - I suspect some of the expected catalysts are near - could it be tantalum offtake or resource upgrade?
And our dear AMAL is still on TH.
Please release the Burwill news after market close today and release the tantalum next week - so that we get double wings to fly...

https://hotcopper.com.au/attachments/img_3993-png.755826/

Burwill's announcement explains -- in a compelling way -- why it is taking a 13% stake in Alliance Mineral:


REASONS FOR AND BENEFITS OF THE SUBSCRIPTION
Lithium upstream resources are very scarce worldwide. As elementary materials for new energy electric vehicles and other industries, there is huge market demand for lithium resources. The Board believes that there is long-term good development prospect for the lithium concentrates project at Bald Hill in Western Australia, which will have lithium concentrates delivery in the first quarter of 2018.

Through the Subscription, the Company not only can secure its interests under the Offtake Agreement, but also enjoy the increase in value of AMAL shares , which is in line with the Company's business strategy development direction.


Link: www.hkexnews.hk/listedco/listconews/SEHK.../LTN201710041288.pdf

"From our perspective, we're in the midst of a lithium-ion battery arms race around the world. Over the last three years we've seen these lithium ion battery mega factories are battery plants above one gigawatt hour capacity rise everywhere.

"It started with the Tesla giga factory in Nevada but now we have 17 of them worldwide and they continue to be popping up everywhere."

"luanboo" posted at Sharejunction. He's quite good:

Something would be announced this week - either tantalum offtake or resource upgrade.
Tawana SP has been moving since last week, anticipating an announcement.
Tjandra don't have much time left before the strike price " agreement" .

In BT today, 10 Oct.