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Nice to see this one creep up a little bit on no news.
BraddaHeadInvestors at gmail. com
I'm down by a similar amount. Get in contact.
Tim
Anyone (myself included) who’s been in the share for the past 6+ months will be down. Jim buying 8m at 4.5p painful for him (yes he has cash, but that’s still a big hit)
There’s clearly been a significant impact due to the supply / demand profile of lithium. The board has largely delivered on what was set out ie 1mt of LCE from Basin and proving up some potential at San Domingo.
Like all Lithium plays, it’s about brutal preservation now and limping on, projects have been pulled, investment has been pulled back, it’s not just Bradda. When the move for carbon neutrality pushes forward again in the coming years (and it will) demand will quickly build and with the scale backs currently happening in the wider market, the Lithium price will once again strengthen (probably not to the levels seen in prior years).
With Bradda having the benefit of getting $3m by drilling basin and proving a resource of 2.5mt, it’s in a better spot than some (assuming the 2.5mt can be hit), just depends if we’ve got the funds to make it that far…..
I’d also agree that we could see car makers move upstream in their supply chains and secure Lithium before prices increases, bargain price of Bradda now with 1mt of Lithium proved in a secure location with easy access and loads more potential in the right place, no brainer for me!
I keep topping up while the price is low. It’s definitely a long term investment.
It’s interesting that BHL describes itself as a “lithium explorer”, not a mining company, suggesting that they might intend selling or licensing the mining rights to another company. Compass Minerals and Energysource Minerals aren’t too far away and both have contracts to supply Ford with lithium.
Interestingly, Ford have also had to source lithium from SQM in Chile, possibly due to a shortage of lithium in the U.S:
https://www.reuters.com/business/autos-transportation/ford-strikes-multiple-lithium-deals-ramp-up-ev-production-2023-05-22/
I doubt very much if any PI has made money on this share. I'm down over 70% -- nearly £10k -- so can't really sell and move on. It is , by far, the worst share in my portfolio. I bought it on a plethora of broker tips, mainly because Mellon was involved . what a pratt. Won't make that mistake again.
Or just sell out and move on if you think there's no money in it for you in its current form.
There's thousands of shares and other investments out there to make money on or make your BHL losses back, nobody is forcing anyone to hold onto this specific stock.
Get in touch:
BraddaHeadInvestors at gmail. com
no spaces
Any fund raise through the market would I imagine be below 1p . Get the defib out if that's the case. Leaving this for a year now. Won't be interested in a fund raise if partially offered to shareholders. Set my price alerts in case a miracle happens. Hope I don't miss it going private. Just got a lot on personally so can't waste energy on this.
I wasn't keen on the sudden departure of Charles FitzRoy, it was and still is unclear what the reason was.
He appeared to be doing a good job, and came over very well on screen.
I couldn't help but wonder if he saw the writing on the wall.
I think they have a good resource, and potential.
However I don't think they know how to get it out of the ground, and without a joint venture I'm really unsure of the future of this stock.
I think the geographical and political location is excellent. There is an argument to be made that the US needs to secure lithium locally, and they may well be of assistance.
Personally I think a jv with a bigger player might be the best way forward. Failing that there is IMHO a chance this will be aquired by another player at a fraction of what its potential is.
What’s your thoughts on latest RNS, looks like we’re getting onto fumes?
Steps taken by management to make the most of remaining cash, but:
Enough cash to drill basin and get results out?
Enough cash to get a San Domingo resource out?
Certainly not enough to drill anything else at San Domingo, will need some exceptional final results to justify that (short term)
Unless US gov steps in to provide funding or sale of one of assets (in depressed market) then all roads point to a raise? Not if, but when?
You are welcome to disagree, but it's not a very good basis for any stock investment, as most directors across the market don't buy a load of stock in the companies or keep buying it up unless they are after a management buyout, they earn options through performance related bonuses, so if that's your biggest buy signal then you're missing out on loads of good investments because the Directors are just earning options which they can take advantage of once the company is successful. The below is not out of the ordinary for any listed company, and you'll be waiting forever if you want to see them loading up in the open market.
BHL as of 6 April 2023
Director/ PDMR, Total Options Held
Ian Stalker 18,250,000
Charles FitzRoy 11,000,000
Joey Wilkins 1,500,000
Piotr Schabik 1,000,000
Outstanding Share Data
Stock options 37,131,304
Director shareholdings
Name Holding Percent
James (Jim) Mellon 73,097,004 18.00%
John Ian Stalker 3,870,140 1.00%
Euan William Jenkins 2,198,934 0.00%
Michael Alexander Borrelli 343,329 0.00%
Denham Hervey Newall Eke 124,307 0.00%
Charles E Millett FitzRoy 11,091 0.00%
Well thanks for your reply but I disagree. It's the biggest buy signal for me when I see directors buying . I'm holding anyway as I don't have to sell thankfully but not buying any more
Good luck
Because Directors are very restricted in when they can buy, they have to be very careful not to buy when they have inside info, which is quite a lot of the time.
Why do you think Directors should own massive amounts of shares anyway? Especially when they get options that they can exercise at a later date once they have created success for the company? The whole point of being listed is so that others can invest. If the directors had to own huge amounts of the company there's no point having it listed, just keep it as a private company.
Director buys have nothing to do with the volume or price anyway, nobody is piling in because there is still a long way to go, and because the Lithium price slumped, so the money is in other stocks trying to make more money before coming back here when it's closer to the major milestones. It's not a short term investment.
In the meantime it's a stock that long term investors can accumulate at a bargain price.
My view and I thinks it's reflected in volume is that why would investors be motivated to buy when clearly the director deals are sporadic at best.
I'm 88.8% down on this, but fortunately only a small position of £1710, as it is a long term punt to track this stock. If/as things become clearer I may add more, but at the moment my initial assessent of risk seems justified.
This looks very very good.
Could it be sell off from the delisted US shares being feed back into the system?
Better than my average of 13p £10k. Just hope it turns around at some point.
Same here, average of 9.6p and little point me selling now.
Will assume that latest drill results are not good. Hope to be wrong.
ATB and be lucky.
Now 80% down
Following the significant uptick in interest within the USA on the production of Lithium from the previously closed old Oil and Gas brine areas (for example, ExxonMobil drilling a lithium well in Arkansas), Bradda Head Lithium Management recently visited our prospective Pennsylvania lithium bearing oil brine targets and have initiated work on developing the way forward in maximising our value from our 589 acres currently under lease. The current leases are adjacent to historic oil wells that contain samples running 490 and 489 ppm lithium, from samples collected in the Oriskany Group Formation. The wells are 6.90km apart with exciting opportunities to acquire leases over or peripheral to the wells. One potential drill site location has been selected for future drilling and is less than 500 feet from the historic well that produced 490 ppm. Excellent opportunities exist to expand our lease agreements and initiate the search for a well drilling contractor.
Similarly it's important to note that our Texas lithium oil brine leases are located within the highly sought Smackover Formation, same host rock at Standard Lithium's pilot DLE plant in nearby Arkansas (and where Pantera will be expanding their Superbird lithium project). Management will be attending the upcoming Lithium Innovation Summit - 2024 Conference in Arkansas as well as visiting the operating pilot plant, as we seek to understand and maximise value of our Texas properties.
Thanks already subscribed got yesterdays RNS but nothing today
Cheers
Bradda Head Lithium would like to wish you a very happy and prosperous new year!
Entering 2024 Bradda Head has positioned itself for the next upturn in Lithium demand and subsequent pricing and intends to maximise the value of its entire portfolio. Costs have been trimmed by more efficient use of the entire staff, resulting in a 'lean and mean' team of professionals with a good handle on all the Lithium Projects and a sound and solid Treasury. The ...
San Domingo Lithium in Pegmatite opportunity ...
...the Basin Lithium in Sedimentary Clays opportunity ...
... and the Pennsylvania and Texas Lithium in Oil Brines
... have all had good, solid geological work undertaken during 2023 and are now ready for the next steps.
In this brutal Lithium market space, Bradda Head Management believes the Company presented at these Share Price levels offers an attractive investment scenario (BHL, AIM-listed). The projects covering the three known styles of Lithium continues to give investors in the Company - old and new - a real de-risked opportunity at levels below the original listing entry in 2022.
The appetite for a secure, domestic supply of lithium in the U.S. will characterise 2024 for Bradda Head, as we continue our dialogue with the U.S. government representatives by visiting key entities in Washington D.C in Q1. Our focus to expand includes expansion of leases on our lithium bearing oilfield brines in Pennsylvania and Texas moving forward, paving the way for further exciting developments in our lithium venture.
Q1 2024 is kicking off with an exciting line up for us at Bradda Head: in February, our Executive Chairman Ian Stalker will be attending The Mining Indaba in Cape Town and our Chief Operating Officer Joey Wilkins will be attending the inaugural Arkansas Lithium Innovation Summit.
Meanwhile, our overarching objectives will continue to be increasing our resource expansion at Basin and delineating our potential resources at San Domingo while exploring the rest of our diverse portfolio. We are pleased to report the San Domingo drilling program wrapped up in early December, 2023 with new results to be released over the next few weeks.
Most importantly, Bradda Head looks forward to showing our gratitude for your ongoing support in the form of continued dedication to advancing our projects to benefit our shareholders. Thank you, we look forward to impressing you further this year!
There’s then a few RNS that are available… then….