Member Info for andrbea

If I were Kieran i would be searching hard for a good clay deposit in Arizona. Then the 'administrative' address for sourcing lithium from clay would lie wholly within the US. Or there's the MMS route via Nevada perhaps. That has to be the big nightmare hanging over Sonora, How could Tesla source its materials (and be 'politically correct') from Mexico under a Trump regime? Sonora's only outlet looks like Asian offtakers then. Consider these deposits in Arizona, for instance: Highlights/Geology - Little Rock The Little Rock target was first identified serendipitously during a helicopter-borne VTEM electromagnetic survey conducted by Bell Copper Corporation in 2007 while searching for massive copper sulfide deposits. A large, highly electrically conductive body at the south end of the survey area was checked on the ground and found to be a strongly clay-altered rhyolite tuff mostly concealed by a basalt flow. Geological mapping to the west shows a similar bimodal rhyolite-basalt volcanic association that has been dated between 12 Ma and 8.8 Ma (Late Miocene, Moyer, 1990). Recognizing that the clay body had potential to be a lithium clay deposit, a reconnaissance sampling campaign was done to understand the extent of the target and the presence, if any, of lithium. Clear evidence was found of a closed, lacustrine paleoenvironment, including thinly bedded rhyolitic claystone and ripple-marked rhyolitic sandstone. Prior to emplacement of the capping basalt flow, hydrothermal fluid controlled by the basin bounding fault altered the rhyolitic glass to lithium-enriched clay, and then probably discharged into a shallow lakebed. In order to capture the projected basin-bounding fault and the potential volume of hot spring discharge into a closed basin beneath the capping basalt flow, 14 unpatented lode mining claims were staked. The conceptual dimensions of the target are about 2500 meters along the strike of the basin-bounding fault, about 300 meters perpendicular to the fault, by about 20 meters thick. Hectorite clay (LR-6) from an active bentonite mine located in the same late Miocene lacustrine and volcanic strata 40 kilometers to the east carries over 2700 ppm lithium. Timothy Marsh PHD, P. Eng, a qualified person as defined in NI 43-101, prepared the disclosures reports related to the above three projects. NI-43-101 reports have not been prepared on these properties; and the Company has not verified the geological statements referred to above, which are based on historical data. hTTps://www.juniorminingnetwork.com/junior-miner-news/press-releases/616-tsx-venture/nfe/23434-northern-iron-closes-acquisition-of-lithium-brines-projects-in-nevada-and-arizona.html

the rest: The statement says that Suay Chin has strong support from Shandong Mingrui which is a long-term supplier to existing lithium carbonate producers in Shandong Province. The race to secure feedstock materials for battery producers is hotting up with Chinese companies moving to grab higher-grade lithium projects and prospects. This follows China’s recent multi-billion purchase of the Tenke Fungurume copper, cobalt mine in the DRC. * S P Angel Stockbrokers

can be gleaned from this piece on kod: Kodal Minerals* (LON:KOD) 0.325p, Mkt Cap £17m – Chinese offtaker preparing to buy £4.3m of stock at 65% premium following initial £0.5m investment at 30% premium Suay Chin International Pte Ltd which has strong support from Shandong Mingrui Chemical Co Ltd has taken an initial stake in Kodal Minerals. The Chinese group ‘has’ paid for £500,000 worth of shares at a price of £0.003 per share highlighting its interest in the company and not just the Bougouni lithium project. Suay China is now undertaking due diligence which, if successful, will increase its shareholding in Kodal to 20% of the company at a price of £0.0038/s for a further cash investment of £4.3m representing a 65% premium to yesterday’s closing share price. Kodal and Suay Chin International have agreed to start talking about an off-take agreement over 20% of the spodumene concentrate to be produced from Kodal’s Bougouni project. Kodal is about to recommence drilling its Bougouni lithium project in Mali with similar-ish results to Birimian Limited’s results at its closely named and more advanced Bougouni Goulamina project in Mali. Anecdotal evidence indicates there is a supply shortage of lithium feedstock in China which is causing prices to rise dramatically particularly for smaller contracts. This appears to be causing Chinese companies to move quickly to take stakes in promising, higher-grade, lithium projects around the world where processing routes are reasonably well defined. Lithium Carbonate prices which were generally considered to be around 6,500-8,500/t last year are now reported to vary between $10,000-18,000t for larger contracts and $18,000-21,000/t for smaller contracts in China. We suspect the larger contracts are still being priced towards the lower end of the range but Tesla’s entry into the market for its new Gigafactory and rising demand in China, Japan and South Korea is raising prices significantly for smaller contracts. Morningstar estimates a potential supply shortfall of 100,000t by 2025 as lithium demand rises 16% each year till then Conclusion: The subscription shows how serious Chinese companies are in securing future lithium supply and confirms our view that the Bougouni area of Mali looks like is may make a meaningful lithium production centre in future years. Shandong Mingrui has previously offered to buy Birimian Limited for A$107.5m but the deal fell over when Shandong failed to deliver A$10.75m into an escrow account in January. Suay Chin International Pte Ltd was set up in January this year specifically to act as a trading group for the supply and source of lithium feedstock into the Chinese Lithium market. The Suay Chin team is said to be well connected, funded and with relevant industry experience and to have support from key Chinese manufacturers. The statement says that Suay Chin h

Despite settling their IP dispute with fellow ASX listed Lepidico last week, Lithium Australia have signaled they were serious all along about their takeover bid for the company by releasing their official bidders statement last week. In the statement Lithium Australia urges Lepidico shareholders to create a bigger, stronger group that is better placed to seize a once-in-a-cycle opportunity in the booming global Lithium market. In a letter to Lepidico shareholders, Lithium Australia Chairman George Bauk said “….lithium is fuelling a revolution in energy storage and that demand for lithium will continue to expand rapidly over the next decade. Lithium Australia plans to establish a secure supply chain with which to deliver lithium chemicals into this rapidly expanding market.” https://thewest.com.au/business/public-companies/lithium-australia-make-their-case-for-21m-lepidico-bid-ng-b88406088z

Mar 05, 2017 94-year-old John Goodenough, one of the co-inventors of the lithium-ion battery that now powers everything from phones to Teslas, has developed a new solid-state battery formula that promises to hold three times more energy than li-on. Goodenough and his team also say the new battery, which replaces a liquid electrolyte with glass, would charge quickly, never explode, and perform well at low temperatures that cripple today’s batteries. http://fortune.com/2017/03/05/lithium-ion-battery-goodenough/

we're off again up 6% tally-ho as we zoom up again for a hopeful valorisation of those 80p warrants :-)

The business model is in place, as planned. Now it only takes a certain percentage of the end-customers to bite the cherry and then the model starts to yield. That has been the premise from the off. so everything is going to schedule. It's just a question of waiting now. Fall overdone, as they have not put a foot wrong IMO.

I, too, would expect news to give reasoning for the '80p reality' concept by the summer (in order to exercise these warrants); they'll need to lift the veil a bit IMO on their acquisition/investment plans. Maybe the market thinks so too...... SP up 6% now;

if that's what they're chasing.... Fintech (as a topic) looks quite hot: hTTps://www.finextra.com/newsarticle/29934/china-launches-15bn-fintech-fund hTTps://themarketmogul.com/why-this-will-be-the-year-of-fintech/

.. are starting to look achievable ... :-)

mcc 4% thinking back... that target price of 80p for the warrants is certainly intriguing. Not many stocks on AIM have the confidence to do that nowadays (4 times the then current price).

after Google translate, that article reads as: Prairie and CC5C will cooperate with Polish specialists to ensure that the design and construction of local regulations and safety standards. The proposed mine ,, Jan Karski is progressing according to schedule. In the middle of next year we plan to submit a complete application for a production license. Our experts will work closely and support the team CC5C so that the next Polish international standards for all requirements related to the construction of the mine have been met. Central European energy producers and steel industry need Polish coal. Designed and built with the support of China Coal Mine Jan Karski could become the cheapest stable supplier of raw materials in the region "- he said vice-president of PD Co. Mirosław Taras, quoted in the release. China Coal is the second largest coal producer in China. The group employs 110 thousand. people and has assets worth about 50 billion dollars. In 2015. China Coal produced in 46 mines 166 million tons of coal. CC5C has over 40 years of experience. The company has completed 340 projects and has built more than 300 wells in China and other markets. Its share in the Chinese market construction of mines is 40%. Prairie Mining Limited is a Eksploracyjno-mining implementing the project in the Lublin Coal Basin. The Company completed reconnaissance program, and geological documentation prepared by the company was approved by the Minister of the Environment. Thus Prairie received priority in applying for a production license. The company made its debut on the main market of the Warsaw Stock Exchange in September 2015.

paying full ask to get in looks like a small float was ca. 10.9p in Jan 2015, so plenty of headroom IMO

“DNA currently trades at $29/oz, or ~25% of PRB’s takeout value,” the note states. hTTp://resourceinvestingnews.com/83760-dundee-securities-increases-price-target-dalradian-resources-dna-150.html

Would be nice to know which company was driilling, at what depth and was it on Zoltev's property or adjacent, etc? More questions than answers..... RNS from the company might help, or have they been told to keep quiet by the authorities?

usop 150p the prospect of a new (big-name) workover contractor (early Dec) brings optimism IMO about advanced techniques and savvy to get the oil to flow.

market seems to have missed the significance of the warrants held by voc (at 3.5 usd). Read: http://uk.biz.yahoo.com/10092009/8/vision-opportunity-admission-trading-investee-company.html compared to the LIWA stock (... now at 10.09 usd) what a bargain that voc are sitting on! ** increase in value since their investment in the investee company Lihua (ticker: LIWA) we know: 5 year Series A Warrants to purchase up to 700,000 shares of Lihua's Common Stock at an exercise price of $3.50 per share and LIWA now trading at 10.09usd http://ih.advfn.com/p.php?pid=squote&symbol=LIWA so: (USD 10.09-3.5) x 7000000 units = usd 4.63mln increase on voc's initial investment. Most of the rise in the LIWA price has been since Sept 1st 2009 Agreed?