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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….
You can subscribe through:
https://www.braddaheadltd.com/mailer
I’ll paste some bits in as it sounds like a busy Q1.
Hi. I had to search for my copy of the newsletter. It went into the 'bulkmail' folder in outlook for some reason.
Hi sq52
where is that new letter , not seen it on their website etc
Cheers
Chuteless
Taken from todays new letter:
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.
Sensible step, roll on more San Domingo results - must be about 100% by now?
Little more attention needed on announcement:
About Bradda Head Lithium Ltd…..
Bradda Head is quoted on the AIM of the London Stock Exchange with the ticker of BHL, on the TSX Venture Exchange with a ticker of BHLI, and on the US OTCQB market with a ticker of BHLIF.
Good old copy and paste, I normally wouldn’t mind, but come on, it was the whole point of RNS!
£7.42m is far too low. Venerable to bid by a bigger player who wants our resource.
Surely an increase in resource will bring in actual cash due to the existing agreement?
Bluesky
Loss isn't that bad as I knew what I was getting and only invested a little under £2k.
I am not expecting to see much gain in the SP (if any at all) in 2025, and I think its going to be another 4 or 5 years before we know if this will fly.
At the moment its just about keeping the lights on, which is nothing new for this type of business.
Its possible that good drill results push the SP up on sentiment, but a SP driven by sentiment rarely fails to fall back again.
Please don't get this wrong, an increase in resource is good but in itself does not bring money in through the door, it increases its potential, but does not pay the bills.
This remains a very high risk investment, and will do so for some time to come.
Like I stated my main reasons to accept the risk is I like the location, both geographically and politically. The resource looks to be good, but it remains to be seen if it can be extracted at a worthwhile profit.
Does all seem a bit quiet as the Market cap drops towards cash in the bank! and considering there is plenty afoot according to Ian, drill programme on Domingo should be now complete or just about, results due in Q1 2024,
drill plan for Basin to be announced shortly with programme starting in Q1 as well, results from that with a target of a further 1.5 LCE to reach 2.5 target and release a further $3m payment by end of Q2 and also an initial plan on drilling on the brines. I cant see any real reason for the constant 5-10% drops in the SP. but hey what do I know.
Chute
Folks, give it time. They are funded for the next few months. There is demand and they are in the USA. My shares are in my bottom draw of my desk. Currently, your losses are bad on paper but the next year they could transform in to nice thick blue....unless, we all want to get rich quick.
Lucky you. I bought 250,000 of them at 5.23p/share when it was being promoted by a plethora of brokers -- mainly because Mellon was involved -- silly me. I'm now 71% down . Might take a few years to break even. What a woof woof of a share and a dog of a company. Wouldn't recommend it to anyone. It ranks as the worst share in my portfolio by a country mile.
It is a very junior explorer at an early stage, so it isn't going to do much to the SP in the short term, its going to take a good few years to make any real gains I suspect.
Having said that I was expecting it to stay above 10p, maybe even touch 15p. Fortunately I only hold a very small number of these, which is just as well as I'm about 88% down.
I don't expect the drop in the price of lithium has exactly helped the SP.
It is however in a good location politically and geographically if it ever gets to the production stage.
Just when you think it couldn't go any lower, it defies opinion.
Latest interview with Ian around 15mins in shows some interesting deeper systems of pegmatite at San Domingo
https://m.youtube.com/watch?v=5Y03DEMwZqU
Worth a watch for this and key dates, can’t see much happening before March next year, unless Morning Star churns put some amazing results and hints at the feeder system.
Feels thoroughly miserable at the moment. Still believe there's a golden sky
BHL has always been a long term investment. It’s not surprising that some investors have sold up and moved on which is reflected in the share price. I can’t help but feel that money makers are buffering the share price though. Every buy I make appears on LSE as a sell (sold by a money maker to a stockbroker?).
Come on Bradda. Do your homework. Get the prep done and hit that meeting with the US governmet early next year! Great assets at the right location! The majors are round the corner. Accumulate and wait. Lets go!
Https://tradingeconomics.com/commodity/lithium
Electric cars must be falling in price.
And Woof Woof goes even lower. WTF is going on -- or not going on ??