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Started: Ilovesushi, 14 Jun 2024 07:08
Last post: StockCheque, 14 Jun 2024 16:15
Previous result:
Tripled "BHL received payment of US$2.5 million from LRC following expansion of the Basin resource by drilling 2,355m and 14 sonic holes tripling the resource from 0.371Mt to 1.085Mt LCE"
This result:
Suggested it will triple again "We tripled the resource last year and are optimistic we may achieve something similar with the conclusion of this 2024 program"
So looking at 3 x 1.085 = 3.255 MT
That’s a great holding note and doesn’t look like bad news to me.
Top clay layer should take us close to 2.5mt, bottom clay layer and confirmation of continuation well past the 2.5mt.
Hints of the clay continuing well North of what will become ‘Old Basin North’ is also welcome.
Next target - 4mt??
Definitely needs some publicity. In terms of price action we have only really moved from the bid to the offer price. Yes its a big bid/ offer spread but still a disappointing reaction so far. Hopefully picks up soon.
Getting a little bit of publicity. This from ii: https://www.ii.co.uk/news/aim-winners-losers-bradda-head-up-on-exciting-drilling-results-al1718356783078299000
What a lovely RNS to read over breakfast. Crazily undervalued and the fact that this is in USA will be quite incredible going forward.
Last post: jockrock, 14 Jun 2024 12:24
Given the past history , the bid price will probably fall back to 1.4 or 1.5 tomorrow.
Last post: Chuteless, 14 Jun 2024 03:55
We could do with the same response as the Canada market where it jumped 60% !!!
However that is the first trade since 26th April and only for 1000 shares ;)
Possibly a bit premature to call it no news yet, I'm sure he said "hope to get it out in June".
last time final assays received 23rd Aug and MRE report came out 28th Sept so about a month seems right.
Bad News - not hit target and coming up with plan b on how to hit the difference (it’s still open and if it is a miss, can’t see it being by much)
Or
Good news - targets hit and they’re in talks with LRC before publishing RNS (same as they did in 2023 and the 1mt)
Is your glass half full or half empty?
No news = bad news ?
Ok, Iooking correct.
Ian confirmed final results received on the 1st of June and would be processed quickly in house, with coms already in place with LRC.
Here we are now on the 12th of June…….?
Today is "early June" Next Friday is "mid June" The following Friday is "late June" and the Friday after that is "end June"
No shares bought in a long time and who would want to with the crash in lithium price.
But directors buying (or selling!) now? Pretty sure that would be insider trading with the 2.5mt announcement on the cards.
After that and with the share price this low, I’d take the woof woof if there’s no further buy in
The last director to buy shares of this dog was Mellon in April 2023. Such confidence -- not.
Nice interview and some clear direction on next 12 months.
Seemed very confident about hitting 2.5mt at Basin and this funding the next 12 months, just need the RNS.
Also, great to hear the USA gov talks are still ongoing and the potential of a small / simple open pit, crush / gravity mine at San Domingo funding drilling campaigns.
Thought we’d have seen an RNS about Basin (unless one comes soon!), Ian will now have to do today’s interview knowing what the Basin result is, without spilling the beans - going to be an interesting interview.
Started: Mormon, 3 Jun 2024 08:07
Last post: Mormon, 3 Jun 2024 08:07
It’s interesting to see that of the 35 companies the Lithium Royalty Corp has interests in, Bradda Head is the only one listed as having Lithium Hydroxide:
Basin E & W / Wikieup
Bradda Head
United States
Hydroxide
2.00% GOR
Development
Clay
MRE
https://www.lithiumroyaltycorp.com/our-portfolio/overview/default.aspx
From the internet:
“Lithium hydroxide is a lithium-based compound with a crucial distinctive property compared to lithium carbonate: it decomposes at a lower temperature, allowing the process of producing battery cathodes to be more sustainable and the final product to be long lasting.
For this reason, lithium hydroxide is preferred in the battery manufacturing industries, especially in the EV (electric vehicles) production. It increases the performance of the battery, allowing EVs to have a higher usability range before needing a recharge.”
Early June is here and webinar is on Wednesday, here’s hoping to a continuation and thickening of the 1200ppm+ layer, a positive RNS with 2.5mt confirmed and a clear path for shareholder value - and who knows, a price rise and board member buy in wouldn’t go a miss either!
Started: Bargain_Seeker, 8 Apr 2024 12:32
Last post: Paul2566, 30 May 2024 08:55
Elcobbledore
My average is similar at 13.49, only a very small dog in this race though as for me it was too early to justify a reasonable holding. To be honest I have all but written this off and just check back now and then to see if there is any change worth doing actual research on. I bought this to monitor 5 lithium plays, sold two at small loss, gone really heavy in one (£93k), and have a reasonable sized holding in the third.
Let’s hope so…bought £10k at 13 average so a lot of work to do to recoup but holding firm…fingers crossed people!
Great results from drilling with furthest away holes showing expected thickness as per gravity map, another sensible drill hole planned to expand lower clay and clay shallower than expected.
Game on for 2.5mt+
That's actually quite a conservative ramp! I think that kind of recovery is realistic in the near term.
The lithium price is still going up and more will come here.
Can see this making a small recovery back to about 3p. Then if it passed the 2.5mt LCE which the new commander seems confident about then with the $3M royalty I can see this sitting at about 5p again.
Then when both the projects advance later this year back over 10p.
Who knows could announce an offtake with a big company in the US too out the blue. Piedmont? Tesla? To name a few....
Started: Sq52, 27 May 2024 14:46
Last post: Sq52, 28 May 2024 18:00
Would like to think my estimate on the conservative side:
Gone for a low clay / sandstone SG to get the 2mt per cubic meter (I’d say this is largest factor of error)
An average thickness of 85m based on the last RNS
Ppm was tracking higher the further north travelled, so 1000ppm seems right (might be low)
Should easily clear 1.5mt of additional resource (with maybe 10% in back pocket for lower clays), clearing 2.5mt total.
Would be really nice to get clear direction from Ian / BHL crew on what the next steps are, future direction, wise spending of the $3m and how to return shareholder value on the webinar, not much I know.
Ultimately (and why share price is low) is a raise needed before next phase or do we have some real value in the ground?
I agree SQ, it’s smacks of confidence at the visuals and expected numbers , might even surpass your estimate 😁
Results expected for Basin early June.
Webinar booked with Red Cloud on the 5th of June.
Would like to think that’s been done deliberately to shout about results, cash payment and what the future looks like or why would you book it / RNS it?
Can’t see it’s been done like this before at BHL and so close to results, heads up to existing shareholders?
To put my mind at ease, running some rough numbers on a bank holiday Monday for Basin.
1780m length
900m wide
85m (average)
136,170,000m3 in size
Assuming 2t per m3 (probably the biggest factor of error)
272,340,000 t
1000ppm average = 0.1%
272,340t lithium
Conversion to LCE x 5.323
Gives 1.45mt LCE
Number of assumptions in there, so you’ll need to factor in risk for each part
Note: low clays not factored in, so a bit more wiggle in there, hence why I suspect the added the extra drill hole at the end.
Probably wrong and feel free to comment / correct, just thought I’d share.
Started: jockrock, 23 May 2024 15:57
Last post: Chuteless, 23 May 2024 23:48
Get what your saying SQ and you make a lot of valid points, only caveat in my opinion is, as the worlds 4th largest importer of Li the US is getting very conscious of the need for resilience and it’s that , that might stand BHl in good stead. The current/ future political landscape may well decide which way this heads
Volumes traded are tiny, nobody buying into it and not really a reason to as nothing new.
Whilst 2.5mt+ at Basin is a big find (assuming it gets over the line) is it viable in the current market or future markets?
Whilst it’s open to the north and west, is there any point expanding when the market clearly doesn’t value it?
When you look at the gravity model and a potential JV with neighbours, could easily be 4mt+, but if it’s not viable and there’s no clear direction with longer term plans of basin - what’s the point?
Then finally, Jim has been saying for months that now is the time to buy lithium / shares, and how many have the senior team added?
Still in, but a hold for my liking.
To be fair the actual price never really changed up or down yesterday or today just the bid and ask moved around a little bit.
I'm a bit worried we do get the next payment of $3m as last time we got news of $2.5m paid the SP dropped within a month from 2.5p to 1.6p
And the share price goes down over 5% the day after !! What a dog.
Started: Ilovesushi, 22 May 2024 13:52
Last post: Ilovesushi, 22 May 2024 13:52
SUPER POSITIVE RNS.
So awaiting the geochemical results that they visually believe will support the MRE expansion from 1.08 MT to over 2.5 MT of LCE. Expectations must be high
Ive recently bought in here too as valuations just seem far too cheap. Given ultra-low market cap perhaps good news takes a while to filter through given lack of involvement of institutional players. Perhaps others who are involved in companies of this size could chime in as to the zero response of the share price in recent weeks?
Good looking drill results and plans, thickest clays in Basin north are now roughly 3 x times Basin East and still open North and West .This seems to be on nobodies radar, considering they are now very likely to add nearly half the MC in cash to the balance sheet next month and with the cash from the fraud case that is £2.5M and not even a blip on the SP , still just above 52 week low ???
Another 240k back in the bank at least. By my calculations based on previous campaigns I’m expecting MRE on week commencing 10th June. They do seem to be keeping this drill campaign cards close to their chest ?
According to Bradda Dead Lithium , the drilling programme should be finished in "early May" with an update in "early June" after the assays have been completed. Let's hope that the share price of this dog will rise thereafter so that all PI's can recoup their losses.
Must be about due the end of basin update with final three holes and visual details of Clay thickness?
Started: McShooter, 8 Apr 2024 08:18
Last post: McShooter, 8 Apr 2024 08:18
The results included 5.00m of 2.33%, 4.10m of 2.81%, and 4.00m of 1.26% Li2O at the White Ridge Target and 5.30m of 1.25% Li2O at Morning Star.
“ We believe that these high-grade samples bode extremely well for the potential of the asset in its entirety, and reaffirms favourable results from both previous sampling undertaken by Bradda, as well as the historic sampling”
You need to overlay the 14th of Feb RNS with the 12th of March RNS. Massive potential, with majority being inside BHL claim.
Looking at the map in the March 12th RNS, there is a significant amount of Lithium in the general area, but not much within the boundary of BHL’s property.
Given the consistency of drill holes to date and approaching the half way point of the current drilling, I was expecting an update this week / early next week.
Either way, the board will be getting an understanding of clay thickness / size / area and this has massive implications.
Last post: Paul2566, 2 Apr 2024 14:06
I must admit this looks like a dead duck, fortunately I don't hold much in this stock, and for what its worth to me now, not much point in selling. I will just hold what I have to zero or get an unexpected bonus in the unlikly event it comes good.
Should rename this dog share as Bradda Dead Lithium. Bid price stuck at 1.4 for ages irrespective of the number of shares bought
Started: StockCheque, 21 Mar 2024 21:00
Last post: StockCheque, 21 Mar 2024 21:00
I see a £24.13k buy went through, so someone likes BHL.
Started: Troajan, 13 Mar 2024 08:50
Last post: Troajan, 13 Mar 2024 08:50
Started: BurtonD, 7 Mar 2024 06:59
Last post: BurtonD, 7 Mar 2024 06:59
We now have the large seller, who’s the large buyer?
Decent chunk of shares moving around.
It’s not really new news and it’s been at this price for a while.
The watch out for me is the issuing of information during the drilling as they’ll probably RNS it if anything significant is found (eg super thick layers in the gravity well) as RNS updates have been done during the last campaigns at Basin when new information came to light.
It’s not sht or bust, but high risk if the 2.5mt isn’t reached as they’ll be little left in the coffers, I can see why you might not want in.
And on the back of this "excellent news" the SP has went down over 6%. The bid price is back to 1.4p. Here's hoping they do get bought out and all the Pi's can recoup their losses.
Started: StockCheque, 4 Mar 2024 10:58
Last post: StockCheque, 4 Mar 2024 10:58
Hit 2.5m+ target towards the end of April 2024 and bag another $3m!
See where we go from there, could be bought out then at a low price by a bigger player.
Last post: jockrock, 4 Mar 2024 10:24
Earlof Aim -- Mellon bought 8 million shares at 45p which equals £360k. In total he holds 73 million shares which have cost him less than £4m. For a billionaire that's loose change .
Let that sink in
Started: EarlofAim, 29 Feb 2024 18:23
Last post: Sq52, 29 Feb 2024 20:20
Pretty sure it’ll cost something to extract the lithium?
However, capex costs will look significantly better when (if) the clay resource is increased to 2.5mt
Is this accurate
Lithium at $12,000 per tonne X 1m tonnes of Lithium resources is a staggering $12 billion for Bradd Lithium
or oppenheimer I'm i missing something?
Bradda Lithium has 1m, 17m and 210m tonne that's 228M and tonnes