The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen 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.
5x5
One word…
Placement. Is this why the SP has again fallen?
Whilst UFO dip nearly 7%
Where the RNS declaring this and how’s it going to be paid for?
ERW up 30%.
£0.5m that they don't even have!
Spending £0.5m within 2 bloody YEARS.
A shocking deal at first glance. No wonder UFO can't be bothered too RNS it
Oh boy.
Giving it away to a minnow with a Mcap of about £2.5m. Hardly an inspiring JV for Alien. Desperate times.
Seems like they are looking for lithium. only thing mentioned. and its a 4mil payment structure for 50% of the project that they will unearth from this point.
seems sensible to me.
see lots of JV structures see similar amounts given away for much less than 4 mil.
get 500k now
let someone else explore,
get 3.5mil more as they do
keep 50% of prize
of a metal they know better than alien do
seems smart
Yes ive had a screen shot of it
https://www.mining-technology.com/news/errawarra-alien-metals-form-jv/
I dont know what to make of this, yes its good there is a JV and they looking at the swarm area top right but is this deal for all the Hills because that includes EH also and other areas with PGM , if so I think we given up too much here. Why wasnt the JV only ont he section with the potential lithium. Anyone got any thoughts
Sorrento Resources Pty Ltd 11,143,234 18.42%
Bennelong Resource Capital Pty Ltd 7,736,013 12.79%
Holding in ERW.
Don't bother to tell holders here.
So we gave up 50% of the hills for 3.5million ? seems cheap if you ask me , although getting them unlocked comes with advantages.. Need to read into the details
Initially, Errawarra will invest A$500,000 in Alien Metals through a company placement based on the ten-day volume-weighted average price prior to the agreement’s execution.
To earn a 25% stake, Errawarra must spend A$1m within the first two years, followed by an additional A$2.5m within three years to acquire the remaining 25%.
Upon completion of the first two stages, Errawarra will hold a 50% interest in the Pinderi Hills Project.
Boom. They confirmed the presence of pegmatites during the ground reconnaissance.
“Having identified and confirmed a large pegmatite swarm on the Tenements”
“The Lithium Caesium Tantalum (LCT) pegmatite target areas have been identified in mafic-ultramafic rocks within the Pindari tenements near “hot” granites.”
“A large number of pegmatite type geomorphic features associated with the Maitland Mafic Intrusion have been interpreted from imagery with some confirmed during ground reconnaissance.”
Intra-day RNS or 7am RNS?
I dropped the crumbs last week re lithium hehe
Yep just had it to me boom
Https://hotcopper.com.au/threads/ann-errawarra-enters-into-strategy-lithium-jv.7970841/
Anybody got anything on this announcement?
Knowing this company I would expect the Fid by end of Q2 or the start of Q3,lets just sit back and wait and enjoy the ride.
Let the Mm,s play and if you have surplus funds and the price suits you buy more.
Only invest what you are prepared to lose,its as simple as that.
Some insane moves in Chinese property stocks today.
https://twitter.com/DavidInglesTV/status/1784789507520475424
Falsely !!
Not really D3
There are sells at .162 and buys at .173
That is giving the wide spread.
MMs are there to provide a market where the share is encouraged to be traded. That is what is happening.
Now sometimes they faulsly drop the price to trigger 'stop losses' that truly is dispicable.
Mms. Sacrilegious legalalised CROOKS