The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
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.
what an absolute bunch of jokers
We've opened 10% down at 3.3 on the chi-x.
https://hotcopper.com.au/asx/ccz/
This is a massive u-turn, only a few months ago they announced they planned to IPO Broken Hill. Now we're told it's their main focus and abandon the lithium licences. I was never a great fan of the lithium prospects, I always seen it as a distraction but this chopping and changing doesn't look good.
I'd love to believe that these new insights into Broken Hill are so wonderful that they've had to abandon everything else. However, we're told they had possession of this report since late 2020 from Wyloo Metals and it's only now they realise the opportunity?. Something doesn't pass the smell test.
My gut feeling (but still haven't read the full report) is that they have a heads up that the Lithium prospects are not that great so to soften the blow they've dug up this report they've had for over a year to try to justify the u-turn.
If Broken Hill is so great, why not sacrifice a still unproven Arya instead of potentially promising lithium prospects. As I say, I'd bet the Lithium prospects were no great shakes from the start. Something never sat right for me with the lithium prospects. Why so cheap? Why didn't Core Lithium buy the licence.
Tomorrow could be a disaster.
Lichfield off, change the road
It will be interesting to see the aussie response overnight after recent increases in the share price. Maybe the uk investors got it right not following the recent price movement....
Can't make it out
Just released on ASX
https://www2.asx.com.au/markets/company/ccz
The wait for assays continue for Litchfield, Northern Territory, Australia.
[Castillo Copper - option into Litchfield [lithium spodumene] next to Finnis [Core]]
Thur, 13 Jan 2022.
can't see it doing much now till news, gone the way around now, Aus leading the way
UK equivalent of AUS close overnight is now 2p!
I know that there can always be some disparities in SP between London and Australia but at the close of trade in Oz we are now approx 20% behind so could be a good day today.
Up another 5.56% over night in Oz!!!!!!!
This will fly to
Another nice tick up.Hope the good run continues in Aus later on.
all sells this morning (1.342m) and Barclays will still take 1.5m shares off me for 1.67p pre NT so MMs clearly happy to take sellers' shares....
Can some one tell me where is ccz lithium is to the new Australasian Metals (ASX: A8G) lithium field as A8G says they beside CXO lithium field ???
Nice to see the shares up another 2.86% in AUS overnight (UK equivalent 1.9p). They certainly are looking forward to those lithium results!
Many posters in Australia complaining of back logs at labs with one commentator saying that all 5 of his prospective exploration mining stocks have the same problem. Another holding (TTM) suggests that they have been waiting months for JORC to be formulated and samples there have been sent out to 5 external countries to try and bypass the backlogs at labs. It does suggest that what we are experiencing is common place so we must just wait patiently. GLA.
Trying to keep up with the opinions in Oz it really does seam that most new money causing higher liquidity and upward share price movement is due to the fact that many there believe assays will be good regards LITHIUM samples with many posters reflecting on the success of Core Lithium (CXO) which on google search shows SP movement of +230.95% over 1 Year and even +10.32% YTD.
Here is hoping that good assay results can firm up our SP as positive sentiment (especially in Oz) seems ready to burst on good news.......it is just the drawn out waiting and anticipation that frustrates but does help pass by the darker winter nights. GLA DYOR Swissy.
Barclays will take 1.5m shares off me for 1.66p pre NT. They're having a laugh....
Thanks Swissydog. That's really good INTEL. It's easy to be suspicious about the delayed assays but if it's across the board then that means no news isn't bad news! The wait is painful.
DVH - Oddly enough I'd prefer it this way round than Aussie being lower. Hopefully catch up will be an enjoyable ride.
Equivalent UK price 1.85p (exchange rate of $1.9 AUS)?
Another 6.06% up in AUS. Here....nothing!
I ploughed through the forums on Hot Copper etc and can only say that the interest in currently in the Lithium plays as the world price for Lithium soars. Everybody is complaining at the delayed assays with usual rumours of deceit, however one poster had called quite a few labs in NT and WA and was hearing that 6-8 weeks was nothing for sample processing and some had shut early for Christmas due to Covid situation over there. I think that CCZ management said on one twitter feed that some samples had been sent to Canada so I suppose we just need to sit tight and wait as it can't be long now. The Lithium world price is what is pushing the price on ASX I assume so GLA DYOR and perhaps the London market will catch on to these trends.
Some rumours flying around apparently but cant seem to find any info??? Some interest in the lithium deposit or something from one of the US big boys??