Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Ladhani...could be pi's fearing a big share dump by directors...not sure though. Not enough chat on this board do who knows. A big placing coming...can anyone advise?
Hi guys been topping up BHL few times now showing over 50 percent loss what's going on anyone have any knowledge or thought. i was impressed to read and topped up when jim melon increased his stake.
Ceo may offload a big wadge of shares...they nearly always do..
...let's see. I remember IMM Ceo offloading millions shares at regular tranches until he was cleared out. Pi's lost thousands...bloody r/soul
... Withdrawal of the MCTO means the CFO of the Company is no longer prevented from trading the Company's common shares. ...
https://www.londonstockexchange.com/news-article/BHL/management-cease-trade-order-withdrawn/16117162
An interesting story I spotted in the news at the weekend. Not something I see having any effect on BHL, as it's so tricky to mine it.
"What’s the most sustainable way to mine the largest known lithium deposit in the world?"
"The McDermitt Caldera in Nevada and Oregon could hold up to 100 megatons of lithium. Now companies are proposing a new method for mining it"
https://www.popsci.com/environment/lithium-mining-mcdermitt-caldera/
Bradda Head Lithium - Funded and focused on expanding its resource base
https://www.proactiveinvestors.co.uk/companies/news/1016953/bradda-head-funded-and-focused-on-expanding-its-resource-base-1016953.html
31st Aug 2023 11:25 am RNS Unaudited Results for 3 months ended 31 May 2023
" ... Ian Stalker, Chairman of Bradda Head, commented:
"The first quarter of the financial year has been very busy for the Company. Drilling finished at our San Domingo pegmatite asset, with promising assay results received which have been used to design a second drill programme in the district, which commenced during Q2 2023. We also commenced our fourth drill programme at our Basin lithium in clay project during March 2023, with very promising assay results received to date, which include our highest-grade assay received to date. Post quarter end, drilling at Basin finished with the results being fed into an upgraded Mineral Resource Estimate which is anticipated in mid-September 2023.
The pace of development will continue through the the second half of the year, and we look forward to updating our shareholders as we receive the exploration results." ..."
https://www.lse.co.uk/rns/BHL/unaudited-results-for-3-months-ended-31-may-2023-7nv3ygit5xwgn0p.html
31st Aug 2023 11:25 am RNS Unaudited Results for 3 months ended 31 May 2023
"Unaudited Interim Results for the three months ended 31 May 2023
Bradda Head Lithium Ltd (AIM: BHL), the North America-focused lithium development group, is pleased to announce that it has today published its unaudited financial results for the three months ended 31 May 2023, and the Management's Discussion and Analysis for the same period.
Both of the above have been posted on the Company's website www.braddaheadltd.com and are also available on SEDARplus (www.sedarplus.ca/landingpage).
Financial and operational highlights for the first quarter
• the Company commenced sonic drilling at the Basin project on 16 March 2023, with up to 25 holes planned at Basin East Extension ("BEE"), Basin East ("BE") and Basin North ("BN");
• Highlights from the first set of assay results received during May 2023 includes:
- 63.12m @ 954ppm Li in BES-23-03 with 24.32m @ 1,327ppm
- 66.92m @ 1,077ppm Li in BES-23-04, with 18.30m @ 1,602 ppm
- 63.71m @ 944ppm Li in BES-23-05, with 32.93m @ 1,029ppm
- The highest-grade assay received to date of 2,676ppm Li over 1.8m was recorded in hole BES-23-05 at a depth of 109.32m.
• Concluded a claims dispute mediation with Arizona Lithium Limited ("AZL"). Following the settlement, AZL will transfer 66 federal lode unpatented mining claims to Bradda Head, and Bradda Head will transfer 55 federal lode unpatented mining claims to AZL, increasing the total land package in the Wikieup area to approximately 46km2. The Company expects the transfer of title to be completed during H2 2023;
• Completed a maiden drill programme at the Company's San Domingo pegmatite project on 10 March 2023. Highlights from second and third/final set of assays include:
- Central Claims
• 9.54m @ 1.85% Li2O, 3.02m @1.49% Li2O, and 2.90m @ 3.03% Li2O in SD-DH23-037
• 7.35m @ 0.68% Li2O, 4.79m @ 0.87% Li2O, 3.20m @ 1.22% Li2O, and 3.21m @ 0.75% Li2O in SD-DH23-036
• 9.85m @ 0.86% Li2O in SD-DH23-034
• 4.02m @ 1.27% Li2O in SD-DH23-035
• 5.94m @ 1.22% Li2O in SD-DH23-046
• 4.72m @ 0.67% Li2O in SD-DH23-038a
- Northern Claims
• 3.75m @ 2.37% Li2O, 0.85m @ 2.44% Li2O, 1.10m @ 0.82% Li2O, and 0.67m @ 1.77% Li2O in SD-DH22-025
• 6.52m @ 1.24% Li2O in SD-DH23-041
• 2.74m @ 2.12% Li2O in SD-DH23-042
• 1.77m @ 1.10% Li2O in SD-DH23-040
• The Company strengthened its land package at the San Domingo project by acquiring a 100% interest in three inlier lode claims in the middle of its Central San Domingo claim block, for a total increase in land area owned by 60 acres;
• Appointed Panmure Gordon (UK) as joint broker, with Panmure having a wealth of expertise in the mining and the lithium space. ..."
https://www.lse.co.uk/rns/BHL/unaudited-results-for-3-months-ended-31-may-2023-7nv3ygit5xwgn0p.html
Just personally, in the early days I always believed the plan with BHL was to “pull another Uramin”. By which I mean, bearing in mind who the largest shareholder is & also that in BHL’s early days of 2021 & 2022 the CEO constantly emphasised BHL’s tiny MCap (& therefore implied growth potential) compared to far more established Lithium Cos… the plan was to rapidly indicate the possible potential within BHL’s acreage & sell that on at a massively inflated SP into a lithium bubble. Appreciate most will already know but for those who don’t, simply Google Uramin Areva for more detail of that deal & how it turned out for Areva.
For me this was a very nice punt over Christmas & New Yr in the early days & I’ve kept a lazy eye on it since purely out of interest. I genuinely wish Charlie & BHL all the best with their respective futures. GLA.
"…but no interest at all in BHL…"
Greend100,
I'm interested in BHL.
In fact I'm very interested.
And you yourself presumably have at least some degree of interest in BHL, or you wouldn't have posted here.
In addition, I think that a neutral s.p. reaction to CF stepping down is perfect.
A positive s.p. reaction would suggest that BHL hadn't made good progress under CF.
Whereas a negative s.p. reaction would suggest concern about his departure.
So the the cool and steady s.p. reaction is absolutely ideal, and sets the perfect basis for a strong move upwards in September.
Thought I’d just take a look to see what the reaction was to CF stepping down…nothing 🤷
Not sure why, given noise in other lithium plays / other metals…but no interest at all in BHL…
Directorate Changes
Bradda Head Lithium Limited (AIM:BHL, TSXV:BHLI, OTCQB:BHLIF), the North America-focused lithium development company, today announces that it has agreed with Charles FitzRoy that he will stand down from his role as Chief Executive Officer and Board Director, with immediate effect.
Mr FitzRoy will retain his share options outlined in the AIM announcements dated 6 April 2023.
The Chairman of the Board, Mr Ian Stalker, will assume the interim role of Executive Chairman. A search for a new CEO will begin immediately.
Mr Stalker, Interim Executive Chairman, commented: "I'd like to thank Charles for his input and commitment over the last 30 months, most notably in listing the Company in Summer 2021 where £6.2 million was raised, securing a royalty partnership later that same year, and in raising approximately £10 million of fresh equity-capital in Spring of 2022. On behalf of the Board, I wish Charles the best for the future. The Board is focused on operations and delivering results on the ground in America and will look to appoint an appropriate successor in the near future."
Charles FitzRoy, commented: " I am moving on from Bradda Head after two and half years where the Company has gone from private to listed on three exchanges in the UK, US, and Canada. Raised US$24 million for progressing Bradda's US projects, and a further US$8 million was secured via a royalty. The assets have grown in both size of landholding, knowledge of the geology and also in-the-ground resources. The last two and half years have been a very rewarding experience working closely with all members of Bradda, especially the US on the ground team and I am proud of what we have achieved. I have enjoyed my time immensely moving our assets forwards, building relationships within Arizona for the long-term, and growing the Company. BHL has some fantastic projects which strategically have little rival. The Company is extremely well positioned in the US for future success. I look forward to cheering from the side-lines."
Power Metals is the same , hugely undervalued with its diverse portfolio and potential
'As at year end, cash balance stood at US$ 7,746,519 (28 February 2022: US$ 7,327,303), capitalised deferred mining, exploration, licence, and permit costs stood at US$ 9,574,266 (28 February 2022: US$ 5,732,820), and total assets were US$ 18,198,559 (28 February 2022: US$ 13,354,840). The Company is in a net asset position of US$ 16,984,940 (28 February 2022: US$ 12,257,165).'
'The Company continues the process of actively pursuing recovery of the US$ 600,000 fraudulent payment made to an unidentified party, as disclosed in the prior year accounts. The Board will provide an update once further progress has been made.'
MCap only £15.43m, barely more than the NET assets of £13.48m which will go up a lot on the increased reserves report in mid September.
Yes, hopefully. Classic BHL day post good news though today. Nice bounce at open, then gradually drifting down as the day goes on. Needs a real re-rate.
Things look positive from the Basin East extension programme and the latest drill results. Hopefully the September MRE update will push the SP closer to the levels it should be at
They target 1mln.and is be easy:)
End of Q3 / beginning of Q4, out comes the resource upgrade, in comes $2.5m, and up we go. No need to get stressed, just make the most of the bargain price, that's what I've been doing and will carry on doing.
Surely the point of investing is seeing a company you like as a fledgling and dripping money in throughout its journey . You have no chance of knowing a good price until fundamentals come to fruition .
"The Company aims to receive the second royalty payment (US$2.5 million) after the next resource upgrade at Basin, which is forecast to be announced in H2 of this year."
25 July video: "so all this is leading to a potentially significant resource expansion later this year, we're in a process now of doing a resource update with SRK, and we're going to put that out end of Q3 / early Q4 of this year, that's our plan"
https://www.proactiveinvestors.co.uk/companies/news/1021628/bradda-head-lithium-on-a-clear-runway-towards-resource-expansion-1021628.html
GOT TO BE ALL UPSIDE NOW.
To clarify:
Financial year end less than 3 months away
Calendar year end less than 4 months away
Payment of $2.5m in H2 of one of those years
Definitely no fund raising
Blatant bashing. There won't be any fun raising based on the timing of the $2.5m incoming.
1) Financial year end is 30 November 2023
2) "The Company aims to receive the second royalty payment (US$2.5 million) after the next resource upgrade at Basin, which is forecast to be announced in H2 of this year."
It is already H2 of this year and H2 ends on 30 November!!
So the $2.5m is forecast to arrive this year. There are only 4 months left of this year, so there wont be any raise in 6 months time.