Member Info for maidit308

Taken from the link Billion just post, I have added the question mark on the protection & adjustment....

exercise price of GBP 0.0015). is subject to customary anti dilution protections ? and adjustments ? on account of corporate actions and outstanding securities following issuance: 2,656,603,131 Common Share

so if true and SP base is protected @ 0.15p could the adjustment mean SP could go higher than the 0.15p floor next week

because the warrant at the same price by the looks of it has already been forward sold in the rush last week, as it seems strange that the same amount of final issue 2,656,603,131 Common Share was traded on Friday ? so anymore bound issue could now be negotiated depending on asset sale / another JV / REORG, and if the lenders like what they see from now on

could the SP be adjusted at a higher level now that part of the fund raise is over ? to coincide with the expected fund raise that they want Shareholders to participate in ?

just an observation, THO'' now that all eyes are on the BOD and there next move, I could be wrong, but it would be nice to see the oil pump turn back on, to give us some carrot for now'' LOL!! and hope of 0.5p again at some point, for all concern...

GL, whatever you guys decide to do, on any more spike in the morning or pull back, let's hope that it will be as exciting as last week with FOMO thrown in the mix greedy BSTRD everywhere looking for that illusive retrace of the century

ATB

Can someone explain if there is only 1b in issue ATM, how come there has been 5b traded in the last few days, where does it all comes from id it fake / borrowed LOL!! unless the to be issued shares has already been forward sold, and overhang has already been cleared, and the shares coming to Market next week @ 0.15p is already on the Market ? FK knows'' but if that's the case, surly the stock will be re-price at least north of 0.25p for now, until sale of asset take place ?

just wondering....

Thanks for the update Chip'' I still look in from time to time M8, and still hopeful no matter how long it takes..

ATB to you, and to everyone for 2024

Soon surly ? considering all the CO shares in issue have been traded in the past 2 week ? if not the Diamond have been sold ? or a JV ? for this amount of daily interest then surly we deserve a TR1 at some point.. imminently.. now today, tomorrow.. anyway still hold a few of these under the quiet @ 0.9 and remember quite well how quick it move last time from 0.15p to 1.20p so watching and waiting and wouldn't want to miss out when good news does come, despite what all the desperate for a drop back to previous levels say...

GLA

Reading this link provided by HP'' again the poster have really got a point here, and could be why AB is starting off with only 200 Ton with these Chinese buyers and see how it goes for now'' until the price get back to sensible levels ?

WORTH POSTING THE WHOLE ARTICLE AGAIN FOR EVERYONE TO GET SOME UNDERSTANDING OF WHAT WE ARE UP AGAINST FOR 2024 with a SP @ 0.07P and a LI Market price equally manipulated down by 90% of it's true value..

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The Chinese have shown that they are willing to mine spodumene at a near loss. It seems they aren’t too bothered about losses at the mining stage if it means greater control over the market. Alita with the whole Bald Hill mine debacle, were allegedly selling Spod concentrate from Bald Hill well below the current market price (70% under) to their Chinese offtake partner… See screenshotted article below.

So why is China suppressing the price with low grade internal sources? I believe Its to bide time to build stakes in overseas, high quality lithium plays, predominantly Africa given the Australians and Canadians aren’t willing to play ball. Chris and Gina are well aware of this, and its most likely they are aware that the lepidolite reserves are a short term band-aid solution.

As per my last post, you need roughly 84 tonnes of lepidolite ore to make 1 tonne of LCE. The contained lithium content of these low grade lepidolite mines is miniscule. The numbers below speak for themselves.

‘414 Mine’ has 130Mt @ 0.38% li2O.

Contained lithium = 0.0038 x 130Mt = 0.494 Mt li2O. That’s roughly 1.22Mt of LCE.

Compare that to Kathleen Valley. 156 Mt @ 1.4%.

Contained lithium = 0.014 * 156Mt = 2.184 Mt li20. That’s roughly 5.4Mt of LCE

So the ‘414 Mine’ is around 20% of Kathleen Valley in terms of contained lithium…😅

Also its not just about size, its how quickly can you get it out of the ground. $LTR for example is going to be a 4mtpa operation for 700,000kta SC6. You’ll need a 14.7mtpa operation to get the equivalent output from lepidolite grading 0.38% (414 Mine grade). And that's just the initial beneficiation stage...🤯

What we are seeing now is very similar to what happened with Iron ore. The Chinese attempted to use low quality, internal iron ore in order to manipulate the price. This turned out to be unsustainable and the price of Iron ore increased overtime.

I believe we are seeing this again with in the form of Lepidolite. Its almost déjà vu in fact, the iron ore price plummeted 70-75% to a low of $37 a tonne in Dec 2015. Goldman Sachs' predicted the iron ore price to touch $35 a tonne in 2017 & 2018. The opposite happened and the price went ballistic.

cheers for reading.

Thanks for your post today NA'' sensible conversation indeed, and a breath of fresh air to what we have been seeing from the hate mob that bring nothing to the table around here lately, the only thing they do is mock other posters with a more positive view than there own, I mean if you got the stomach to constantly read there post, it would make you want to kick the chair away or jump off nearest bridge, and I'm not joking...

ATB

China’s lepidolite production rose by compounded annual growth rate (CAGR)145.26% during 2015-2022, driven by the surging demand from the battery sector as well as the advances in processing technologies, Zhao said.

I still think there is some strange LI price & grade manipulation going on in the Market IMO, as it was only a few month ago that we was having argument with none align posters on this BB, that what AB have in ZIM with the stockpile we have seen on that official video is lepidolite and is worth FK all in comparison to SPOD and was confirm in BOX interview, and if China is now saying they are now going crazy for the Hard rock LEP, although it's a health hazard, that would mean we will be quid's in whatever the demand should be going forward ? food for thought...

anyway for now we await DRC Cash early Jan, now that election is over, as it said in the recent year end update

and see where the rest of the year take's us

thanks for the link

An afternoon or 7am hopefully

Interesting read HP' just does not add up at all.. and they are talking about LIP the lowest of the grade ? but as I said in previous post, China will change up things to suit there own agenda when it comes to LIP / SPOD / CAB to confuse the Market and miners that has already spent millions on there plant LOL!! but when all said and done hard rock LI is the daddy... and RRR is stockpiling and exporting it slowly until price catch up with China's shenanigan

ATB for this, and other stock you may be invested in for 2024

RNS out'' after hours, I see although not shown on LSE, standard end of year share in issue update'' nothing to see here ATM really'' apart from the few links of interest on how copper / gold and our Neighbour are doing on plots close to us, post by HELP'' who's contribution to this BB and to RRR through out the year has been invaluable, if only we had the stroke of luck we needed in DRC before Christmas as was expected, to see some of those argument come to pass.. but no need to kick the chair away just yet LOL! it's not all bad, as we still have a whole year ahead of us now that DRC election is over to buy a few more if so wish ? GLA as we enter a brand new year and into the unknown, and as it's even 2024, with enough in the bank our chances of success may have increase 50% by shaking off rotten bad lucky 2023 LOL!! but for now its a wait and see, while the churn is still about? but never forgetting that every dog will have it's day, and there will be plenty to talk about when the time comes in the days and weeks ahead

ATB

Very good finish considering where we was this morning and the doom what followed, Closed 6% down on the day

see if we hear more tomorrow

To those that pick up a few more under 40 this morning on that savage drop hopefully you guys will be rewarded tomorrow

we will see

Well over the top morning drop as usual, on 900k sells, they are not getting mine on the cheap buys will come, the money will come, looking forward to the retrace shortly.. once it settle..

GLA

Due to the aforementioned deadline being after close of business UK-time on the 29(th) of December 2023 and given the recent New Year's Day banking holiday long weekend ................ zzzzzzzzzzzz

i suppose we will have to wait some more'' for this rocket to the moon.. 1p 2p 3p 4p 5p today / tomorrow FK knows, but i think MM have had enough cheap shares at our expense on this delay for now'' and the only way is up''

GLA, at least it's not another extension, if there is a positive to take away from this RNS

ATB

Tue, for everyone involve, as it seems we are all out of speculating on what could be going on in the background holding up the money, and in the absence of official news of explanation, and out of frustration we will start to make stuff up''

but I think with such a small amount in issue, the BUD should seriously think of doing a rights issue to raise £10m, and get rid of the JV and all the harm they have cause to our SP from 1.75p if they keep FKN about, I'm sure the Market will support it, as I really do believe that PRO & it's lenders are holding up the JV money knowing full well that it will be a negative on the SP for suspicious reasons? some would say to table a bid on the cheap ? FK OFF

but we will see'' the money could land Tuesday and we get something official to say so, and a very happy new year all-round FK knows.....

Result will be release tomorrow Felix look to already have a commanding lead, Breaking news on Aljazeera, the other side want a rerun but I don't see that happening...

GLA

ATB

Well someone is confident that it will be OK in 2024, with a 243m buy @ full ask after the bell ?

we will see'' just waiting for the discord in the election to be settled i suppose, then hopefully the cash will be paid out forthwith, if it's to be the same administration ? looking forward to a new year none the less, and to more regular news

now that we have enough in the bank to last to at least April, while we wait on DRC cash

GLA, it have not been the best of years, but it had it's good points, in the 0.25 0.18 levels and we are now exporting LI, so as investors we must learn to move on and don't drive ourselves mad by over thinking what might have been..

HAPPY 2024

ATB

Well the Market did give the BOD up to 11.30am before they press the button, can't say I blame them TBH.. and the MM certainly made a meal of it.. but that does not mean Money wont come Tuesday ? and we fly out the traps'' and those that sold 2m worth won't be scrambling to get some...

we will see.. but we certainly took a spanking today'' a very sore A--SS Indeed LOL!!

HAPPY NEW YEAR

Feeling more and more confident that we will get news before 12 today judging by the way there was no early morning sell ? considering there was no 7am ? and a half hour of no trade at all. telling me that investors are sitting tight, ANYWAY'' the first 2 buy trade just come in @ full ask boosting my confidence again, for another move north, to no end..

see what happens in the hours ahead..

Happy new year

CUNNINGFOX that's what i was talking about in my post this morning when i said MM was holding back waiting on more sellers, stupid enough to give them some on the cheap LOL!! and that holding back the rise was futile, THERE YOU GO

been around for a long time M8, watching the trick or treat... in these casinos

well done to everyone that have patient..

happy new year

ATB