London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Is that the seller out ? Significant trades to say the least . Already invested but won't buy any more until the reason for the trades becomes apparent.
A significantly different level of trading today. No idea what that is about. I would expect some notifications will be issued sometime soon.
It's the long game here. Not one for the impatient.
Happy with this..
See website:
These results are highly encouraging and set the scene for what we believe has the potential to define a world class lithium pegmatite district in Arizona, near vital infrastructure and battery end-users within the US and the wider developing North American battery hub. The US is investing US$135bn in its EV and critical minerals supply chain, all Bradda's assets are located in the US for the US market, these results are therefore extremely supportive of our business model. ESG is front and centre in our approach and we are working to develop these assets with as low a carbon footprint as possible.
"This next set of results from this first drill programme at San Domingo highlights further a distinct district scale potential with multiple areas showing promising results and high-grade lithium intersections with visible spodumene. As a result, Bradda is in the process of designing a follow-up drilling programme in H2 of this year aimed at testing additional ground within the much wider 23km2 of lithium pegmatite claims and leases held in Arizona. Funds are already in place for this work, and ongoing exploration work by our geologists suggests that we have only just scratched the surface of what we have at San Domingo with just over 1% of the area tested from this first programme. We look forward to sharing further developments of this exciting project.”
Charles FitzRoy, CEO
I think a couple of things might assist us here.
The price of Lithium to stop dropping 10% a week, which would improve sentiment and some idea of how BHL propose to fund their exploration beyond the end of 2023.
ALL in a better position as they are funded through to production! Which isnt far away.
I am hoping that BHL may get some financial support from the US government. In any case we need the americans and canadians to start investing . There seems little interest on their exchanges currently.
Longer term I think the drive by the US to be less dependant on imported Lithium should secure the companies future, but we can only hope that the sp reflects this.
That'll be me - building up a decent stake in the expectation that the value is realised in good time. Couldn't get more than that from the market direct, I don't expect it'll take a lot of interest for this to move.... and quick... when the time comes.
When it comes the bounce back will be strong and hard.
someone has just put in 2*£5000. Its on its way up as we write.
We can expect it will rise soon. This fall is due to small trades in thin market. RedCloud are predicting 40p just for clay assets. The pegmatite is not quantified in terms of asset value but we can get a feel from other miners, Atlantic Lithium for example market capital $177m up 10% today, with similar close to surface lithium and like Bradda only based on one drill section showing 35m at 1.25% Li2O. At some point soon they will announce a big pegmatite resource alongside the clay resource and we will be a lot higher. Your guess is as good as mine, what is more certain is it wont be this low for long.
Do your own research.
Can't believe the shareprice keeps getting priced lower,
Makes no sense at all.
Earlier this week Bradda Head Lithium released the next set of results from the first drill programme since the 1950s at its San Domingo pegmatite district in Arizona.
This next set of assays builds on the first set of results from San Domingo (see 6 February press release) and confirms the prospectivity of our pegmatite district by demonstrating the presence of shallow pegmatite bodies with high-grade mineralisation and the potential for deeper feeder systems, in turn building on the thesis that the pegmatite system at San Domingo is similar to other zoned LCT (Lithium-Caesium-Tantalum) systems, such as Liontown’s Kathleen Valley asset, which is a zoned pegmatite system in Western Australia. Liontown (mkt cap: US$3.8bn) was recently bid for by Albemarle (mkt cap: US$25.6bn) at a 63% premium to its share price. The offer was rejected by Liontown on the grounds that it undervalued the Company.
This next set of results demonstrates the potential for deeper, larger feeder systems in turn making any operation more interesting.
Bradda’s pegmatite district is in Arizona, a 1.5 hour's drive from LG Energy Solution’s proposed US$5.5bn battery manufacturing facility in Queen Creek, Arizona. This facility will be the largest of its kind in the US when built, and LG plans to break ground later this year:
You don't need to know much more. Right place right time.
South Korean battery giant LG Energy Solution Ltd. has confirmed its plans to move forward with building a battery complex in Arizonaand will be significantly increasing its investment in the project.
LGES, one of the largest battery makers in the world, said Friday that now it plans to invest $5.5 billion to construct two manufacturing plants in Queen Creek, a town located just south of the Phoenix-Mesa Gateway Airport.
Scanning back through PREM and their development of Zulu, looking like similar grades, drill lengths as results can in.
BHL are at a shallower depth, allowing even easier access. Arguably, BHL also have better location / jurisdiction with USA funding potential.
I haven’t been following PREM closely over the past couple of years, PREM has obviously started to take off with trial plant up and running and should be self funding now, any ideas on what was the catalyst for getting to the stage it’s at now?
Lithium bearing minerals (spodumene and some lepidolite) have been identified in c.60% of the total holes completed and importantly the programme has only tested just over 1% of the 23km2 that Bradda holds in Arizona.These are very encouraging results and bodes well for the future.Not sure why the share price is so cheap though.
These grades are pretty good.
good grades. Please with this.
Some very good initial results coming through clear the area is full of spodumene and then this gem “ Indications so far, demonstrate the potential for deeper feeder systems as seen in other LCT systems.”
That's right, it does. It is a very good read for the novice lithium investor, essential reading.
it also mentions Tim0 a price target of 40p!
Red Cloud Securities lithium market update – A guide to hard-rock Lithium.
2022 saw lithium prices soar to new all-time highs. On average, lithium chemicals (carbonate and hydroxide) were up >150%, while spodumene concentrate (i.e. the primary output from most hard-rock Li mines) prices rose >280% during the year. Despite a price pullback for lithium carbonate and hydroxide this year, spodumene concentrate prices have remained near record levels. To no surprise, these heightened prices have continued to incentivize new investment into the space. Investors have been quick to pile into lithium stories, at varying stages of development, from established producers to grassroots explorers, across the full spectrum of Li deposits: hard-rock, brines, and sedimentary/clays, but hard-rock players seem to be emerging at a more rapid rate. In terms of valuation, one of these sources has stood out above the others, with hard-rock lithium resource developers also fetching the highest trading multiples.
The report also mentions Bradda Head Lithium.
I vote we develop the case here.
BC: You have hit the nail on the head. The evidence for a significant resource is clear in terms of a one dimensional test hole. We now need to wait for the north-south and east-west horizontal dimensions to test the volume of Lithium in that one location. Once we have proven or calibrated this area we will be able to convert that volume into a valuable asset which will show in terms of share price net asset value for that single area. These are early stages of reasonable development strategy which should appeal to non expert shareholders like myself.
BC: you are right about Atlantic Lithium, look on their website "Ewoyaa is a 35.3Mt @ 1.25% Li2O spodumene pegmatite resource on track to become Ghana’s first lithium mine." Our results look to be better 31.85 @ 1.6%. They quote a $154million market cap; they seem to have only pegmatites in two separate countries Ewoyaa in Ghana and CÔTE D'IVOIRE in the Ivory Coast, west Africa, which they say is at the application stage. So by that comparable our three asset portfolio in USA could soon be much higher valued. Brokers Red Cloud are saying 40p just on the clay asset, I am not sure of their timescales, but look at the uplift from todays share price. The recently addition of Bradda to stock markets in both USA and Canada will soon attract new private or "retail" investors.
We can see the overall extent of the pagmatite target resource by looking on bradda website media/san-domingo-drilling-results where the San Domingo Overview of Phase 1 show the small Phase 1 drilling area, the "Northern Claim Block" at the top right. The potential overall when looking at this image should be clear. Once proven we could see a very large uplift in share price just on the pegmatites let alone the clay based asset.
The third image on the bradda website shows the Northern Claim Block in more detail. It show the images of the numerous pegmatite areas and hole number 24 is shown testing just one of them.
You can see why non exec chairman Ian Stalker is focusing on the pegmatites, he can sense the uplift in value is likely coming soon. He has seen it all before. James Mellon, another experienced investor, and deputy non exec chairman has a 16.6% shareholding worth around £4million. They will want to see the share price moving up to protect their own positions. There is nothing guaranteed but these are two successful, experienced miners and investors. They will want to find some share price stability from longer term institutional investors at a higher price than where we are now. Currently they are funded by cash in the bank of $10million, look at the November 2022 Interim financial Statement, dont expect to any income.
Pegmatites is only one part of the portfolio, Bradda have a proven resource of clay based Lithium which is also on an upward trend and an as yet totally unproven brine Lithium.
This could result in a very high capital gain but make sure to check the facts. I vote we develop the
Material uplift coming. Great news. Also, start mining at the thick end of the wedge makes sense.