Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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We don't know much news yet, but Syrah Resources Ltd's presentation on the 13th still has "MOU for JV development of large-scale AAM facility in the UK."
Sorry missed that Early Bird! was on a different thread - well spotted!
UK Gov on our side too:
https://finance.yahoo.com/news/british-battery-plants-given-cheap-194728106.html
Https://www.telegraph.co.uk/business/2024/03/10/british-battery-plants-cheap-power-china-dependence/
Been keeping an eye on this share with a small holding just after the recent raise. Just spotted:
https://www.thenorthernecho.co.uk/news/24154099.teesside-freeport-named-top-performer-government-data/
"The results come just a week after the Freeport secured it newest investor in Tees Valley Graphite, who signed a deal to base their operation on the Wilton site. " i.e. ALK is that investor (MOU with Syrah).
So the non binding MOU with Syrah for the JV to build Wilton AAM facility (graphite plant) at the Wilton International Chemicals Park (inside Teesside Freeport).
And then TVL's (100% owned by ALK) state-of-the-art lithium processing plant also at the Wilton International Chemicals Park (inside Teesside Freeport)
Looks like they chose a good spot for the two facilities.
*IS
Meanwhile ALK down 10%... it's painful
4,817 shares trade that just sold bought on Monday
Cant wait till this hits 500p, as per CEO's prediction on Mezzanine funding
Its close, hes proved it with PRE, now do it with ALK
Mkt cap of ALK a fraction of PRE's
And he said funding easier to sort with ALK
Certainly don’t think any of us would be surprised if it turned out JLR was the OEM we were the preferred European refiner for…
Will shareholders see news of MOU with Tata Soon?
https://www.bbc.com/news/uk-england-somerset-68412570
Absolutely - great news. Also good to see Zeus taking us on as a client. Both bode well for us getting mezzanine finance signed off in the next 3-6 weeks or so
PRE debt funding landed. Can only be a good thing here... we await patiently for Mez financing.
Syrah commences AAM production at Vidalia, USA.
Syrah and alkemy just need to check the cost and money.
Https://youtu.be/YkOQGfpYZ_8?si=NBM_FuXEKjdQliUN
https://youtu.be/AYz5dqPssCY?si=ZDkpoxnt7Yf9W3F5
Encouraging.
Major Oak, what are you suggesting? Bullish for ALK?
Https://www.afr.com/companies/mining/graphite-the-next-lithium-and-syrah-the-best-bet-for-investors-ubs-20231001-p5e8th
The biggest graphite supplier outside of China.
Thats like trying to set up a deal with Albamerle or Pilbara Minerals or Rio Tinto in size as assets both African BUT ALSO USA Graphite !
Trader, You are starting to sound like somebody who would prefer ALK to fail, It is standard practice for down rampers is to first try and establish some credibility by claiming they are a holder, before raising doubts based on fuzzy facts. Why raise the specter of China, when it is now well known that they are now using their strangle hold on Critical minerals to manipulate commodity prices then transferring costs up the line to recover their profit at the end product.
Unless you WANT China to maintain their Monopoly, you should be supporting any moves by Western companies to break their dominance in the supply chain, if not then the day will come when China will have no competition and will be able to hold the World to ransom.
I don't mind people pointing out hard truths, but when they embellish the facts to make a situation seem far worse than it is, you have to question their motives and allegiances !
We absolutely do have two months left of Q1 and anybody who thinks otherwise needs to invest in a calendar!
And the cost for these projects isn’t ‘billions of pounds’ - it’s $300m for each of TVL and PHL, plus probably another $200-300m for TVG, so less than one billion pounds for all three, to be clear…
Some interesting points. Agree ref capex - for everything its a fair amount. Apparently though there is appetite in the bond and equity markets.
I though we had two months left in Q1 and not one. In any event PA has not said Q1 2024 to my knowledge but the company have said early 2024. Clearly investors hope its Q1.
I'd be interested to hear about the list of refineries that are in the similar market so that we can look at their profitability - plse post
Pwlx I very much want this to be a good story. At one point I had 1% of ALK , I sold most shares but still have some. Graphite is good but how many huge capex projects can they finance. They have 3 now . Port headland, ALK, and now this. All good ideas but billions of pounds in Capex. Can they really do it ? PA has a big mouth and has lost credibility he could have raised alot of money at 3 pounds but was greedy. He's not stupid and pensana could be the saviour of this if they're able to raise in a big way. Which they might.
The feedstock with the trader is not as significant as a real feedstock agreement with a mine, relying on traders is not the same thing. Also having visited a number of refineries all over the world this is not a good environment for them it's not true that they always make money whatever the price, alot of them are bleeding money right now and are sustaining it because they made alot of money a year ago when prices are high. PA needs a proper feedstock agreement with an ISO certified mine. He realised he didn't have that so he skipped right to that point immediately with syrah resources. There's an argument to be made that just on that basis the whole of TVG is worth more than TVL . Regarding the rules of origin its abit misleading the govt says they will tax etc but if China is so cheap which it will be lithium price stays low and there is no real capacity up and running companies will continue to buy from there. And right now prices are very cheap in China. Again, I'm a believer in the concept hence why I'm a shareholder but with PA there is often alot of fluff and salesman talk but no actual delivery. He claims financing talks are going well in these vids - Q1 2024 he says he will have mezz financing , that's only 1 month away. He'll surprise us all if he has that. You know it.
Was 79p this week. Suggested time if you are positive to average down, hmmm. Looks like the news of support for bridging loan is backing that the market likes not us mere mortals.
Interesting times. Waiting waiting waiting...
Some very good points on both the good and bad.
The BV factory shambles at the start of 2023. That shook confidence in the area and most probably lost ALK a customer?
I would like the S American lithium supply deal to come forward and be proven up ?
The UK needs this tech either graphite or lithium to feed anode supply.
I would like to see some price support from the top down but I guess at around the high 40's % holdings of the CEO's it could push them over the total for having to issue buyout or not rns.
Once British Lithium or Cornish Lithium ramp up towards proven scale up then we still must wait for PA to prove his worth.
If you believe then its a good time to average down.
Bladey, can’t argue with anything you’ve said but there are understandable reasons the original deal that was slated for Q1/2 2023 didn’t happen and Paul has spoken about those on investor calls. Basically the OEM who was originally on board for that timeline decided to delay their European lithium strategy for internal reasons, so ALK had to pivot and look to other feedstock, thus the extended timeline.
Trader613, your post just seems to betray a lack of understanding to be honest. In order, we do have a feedstock agreement that is sufficient to allow financing to go ahead; the capex is not that high in the grand scheme of things and the payback period is 3 years; OEM’s can’t actually source their lithium from China if they want to take advantage of very favourable tax conditions in the west that promote the use of product made in the UK/EU/USA; the company hasn’t ‘shifted’ to graphite - the graphite strategy is additional to the lithium strategy; ALK has made significant progress over the last twelve months; the price of lithium is actually not that important to ALK as we’re going to profit off the margin on refining, not the price of lithium itself; and finally all the noises about Mezzanine finance in ‘early 2024’ are still very positive.