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That's right Uscita in the end it didn't go well. But before 88e went south we organised a shareholder event at The Brewery which allowed many shareholders to talk to the directors and make their own minds up. Shareholder Groups are useful in good and bad times. It is a shareholder responsibility to ensure their BOD are operating in their best interest. One small shareholder cannot act alone, but when we get actively involved maybe we can make a difference.
20 shareholders have been in contact so far today. ctaginvestors@gmail.com
Hi Hits,
Thank you for your sensible comments here. I have heard from a few with credible ideas. But first we need to regroup and check our total shareholding, so please encourage everyone to email ctaginvestors@gmail.com
We need to be thinking about who might be suitable candidates to form a Committee. So if you have got to know any suitable candidates over the years that you trust then let me know.
Tim Ashdown
Ok lets see how many investors are still here, email ctaginvestors@gmail.com I will report back here now and again how many have responded.
At one point we had 955investors in the group, we had an unverified estimated 55% of shareholders. We did indeed meet in Hyde Park, though without ABH. About 25 turned up.
To have any chance of resurrecting the group we need to demonstrate sufficient interest and then maybe we can try again to elect a committee to manage ourselves. Lets see what happens email ctaginvestors@gmail.com with your full name.
Regards, TimAshdown
Quote: "
The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.
Investors can sign up to Investor Meet Company for free and add to meet BRADDA HEAD LITHIUM LIMITED via: https://www.investormeetcompany.com/bradda-head-lithium-limited/register-investor.
Investors that already follow BRADDA HEAD LITHIUM LIMITED on the Investor Meet Company platform will automatically be invited."
My perspective: This is our chance to ask those interesting questions. Well worth the time. Google: "Investor Meet Company Bradda Head" and listen in .
Sadly I cant make it as I am travelling that day.
To quote Bradda Head:
"Following our successful July 2021 IPO, December LRC Royalty deal(1), and US$12.9m
fundraise in April 2022, we are well funded to carry out all our exploration programmes
into the end of 2023, and able to demonstrate the value in our assets.
As of the end of December 2022 we had just under US$10m in the treasury with a further
US$5.5m due from the royalty we signed in December 2021 covering our sedimentary claims.
"
My thoughts:
There are key program events which are likely to positively impact our share price in the next 6 months for each of the three asset types, clay, rock and brine:
1) 41km2 of Lithium sedimentary (clay) claims 100% owned. 1 to 6million ton exploration target, resource estimate upgrade is expected 2023 Q3. Current "Indicated & Inferred JORC" (the formal industry standard) resource of 305kt Lithium Carbonate Equivalent (LCE) at Basin East. Bradda have three clay project areas know as Wikieup, Wikieup South and a collective area known as Basin which includes Basin East and others, but the 305kt resource estimate is only for Basin East. There is upside in the clay.
2) 23km2 Lithium pegmatite (rock) claims 100% owned. A positive decision to proceed to Phase 3 has been made base on Phase 1&2 assay results already received, further results expected this quarter. Phase 3 drill program planning now to start drill 2023 Q4 or sooner. An exploration target looks likely to be set soon and potentially a initial resource estimate. Phase 1&2 results were very good and we can expect Phase 3 to be a significant defining point in Bradda's valuation. Currently 99% of the San Domingo area remains untested. The recent 8m shares purchased by Deputy Chairman, Jim Melon, might indicate we should expect good news.
3) 25km2 Lithium brines (salt water) claims 100% owned. Bradda have two project areas for brine exploration:
Wilson: drilling now, results analysis expected Q2, decision on future drill program 2023 Q3
Eureka: permitting now, drill program definition Q3, decision on drill start Q4
Bradda Head's brine projects are their least developed projects but they are actively working on this asset to demonstrate value. Its too early to say when we might get exploration targets or resource estimates, it would seem we are looking at late Q3/Q4 2023 for an update.
Bradda Head have 100% claims in projects in three asset types in an area which has historic and current lithium mining activity. This would seem to be a more diverse investment than American Lithium. The upside for Bradda has yet to be identified by the market. It would be of interest to hear from others who are more familiar with ALL as to how they compare Bradda Head and American Lithium.
American Lithium dont appear to have clay, only pegmatite and it seems they only have one drill. Their land base might be bigger which might account for their higher value, but it does seem speculatively high.
Its clear that Bradda Head have both clay and rock form of Lithium as immediately investable assets. The brine is as yet unknown unquantified. For me this is the attraction of Bradda, they have all three, but they are also in a safe environment close to end users, they don't have transport cost to get to China. I am not sure about ALL's intended market, some one might help with a more detailed comparative view of American Lithium vs Bradda.
The share price movement is likely due to short term traders making a few percent in a few weeks. From my perspective Bradda have yet to be correctly valued by the market. Hence my wild guess that £1 might be achievable. Once we get results of phase 3 exploration from the pegmatite and the next 20 holes drilled (only 5 holes drilled so far) and assay results from the clays then we might expect the sp to be much higher.
As far as the downside goes, we might guess that the market will not let this fall below 5p again because of the high grade results 1.6% Lithium Carbonate from the pegmatite and the 1 to 6million ton exploration target in the clay. Todays RNS supports that as the thickness of the clay in the Basin East Extension area is about twice that from the area already tested. That is definitely encouraging news for the clay.
Red Cloud have previously targeted 40p for the clay alone, before this RNS and its any ones guess what the pegmatite (hard rock) asset will do but since bradda are seemingly more excited about the pegmatite, whilst there are certainly no guarantees, Bradda could be significantly higher by the end of the year.
Hi Manx,
The best way to get up to speed is to read the company website which has a good summary. The news letters are well worth reading and also watch a few of the CEO's videos which you can find on the website or referenced by others below. Sign up for an email copy of future newsletters.
Good luck.
We have already seen Red Cloud analyst report predicting 40p just for the Clay asset, a 17km2 area known as "Basin". Bradda are actively extending this resource. This is the largest clay asset in Arizona. They have a 6million ton Lithium Carbonate (Li2O) exploration target.
The current price for battery grade Lithium Carbonate is around $27,000 per metric ton. It has fallen a bit recently but as we move to eliminate petrol and diesel car production that is likely to reverse.
Within the next few months Bradda will be able to more accurately estimate the value for the hard rock, "pegmatite" form of Lithium carbonate. We can see the potential capital gain that Jim Mellon, Non Exec Duputy Chairman, thinks Bradda might have, he has just bought 8,000,000 shares at 4.5p = £360,000. So his investment is already doing very well and is not likely to sell as that would crash the sp. He holds 18%? of Bradda.
Unlike Atlantic Lithium who only have pegmatite, Bradda have all three sources. I am not a geologist but this is my understanding:
1. Brine: salt water containing dissolved Lithium which is accessed in evaporation lakes.
2. Sedimentary Clay: Lithium is contained within the clay minerals, accessed via a chemical process.
3. Rock: Bradda have two types of rock based Lithium found in hard rocks known as Spodumene and Pegmatite. They do not mention the Lepidolite form. Pegmatite is accessed mechanically, by crushing the rock and then again using a chemical process.
Concentrations of Lithium are measured as Lithium Carbonate (Li2O) which I understand is the processed form of the raw Lithium mineral. That is what the market defines and hence why it is the measure used.
The recently completed Phase 1 and 2 gave notably good results. One drill showed a 31.85m length of pegmatite at 1.6% concentration and its only 30m below the ground so very accessible. Within that 31.85m a 3.2m section at a concentration of 3.74%. 1.6% is a very attractive concentration, as Charlie FitzRoy (CEO) said in the last two days 0.5% is the cut of for commercial viability. Atlantic Lithium announced in February 2023 a drill showing 35.3m at just 1.25% Lithium Oxide (Li2O). So Bradda's 1.6% is very attractive commercially.
CEO Charlie FitzRoy in his video of only a few days ago was explaining the next phase 3 of development at San Domingo Bradda's hard rock area, starting no later than Q3 2023, where they recently added to their claim. They now have a continuous "trend", a 9km length of pegmatite in an exploration area of 23km2. Phase 3 will hopefully give an accurate resource estimate by extending that trend or line of pegmatite into the wider 23km2 area. The overall volume and weight of lithium and an exploration target defined.
Brokers and the market can then estimate financial value for the pegmatite but we see they are very optimistic as Ian Stalker was promoting the pegmatite almost exclusively in Canada in March recently.
DYOR
See website:
These results are highly encouraging and set the scene for what we believe has the potential to define a world class lithium pegmatite district in Arizona, near vital infrastructure and battery end-users within the US and the wider developing North American battery hub. The US is investing US$135bn in its EV and critical minerals supply chain, all Bradda's assets are located in the US for the US market, these results are therefore extremely supportive of our business model. ESG is front and centre in our approach and we are working to develop these assets with as low a carbon footprint as possible.
"This next set of results from this first drill programme at San Domingo highlights further a distinct district scale potential with multiple areas showing promising results and high-grade lithium intersections with visible spodumene. As a result, Bradda is in the process of designing a follow-up drilling programme in H2 of this year aimed at testing additional ground within the much wider 23km2 of lithium pegmatite claims and leases held in Arizona. Funds are already in place for this work, and ongoing exploration work by our geologists suggests that we have only just scratched the surface of what we have at San Domingo with just over 1% of the area tested from this first programme. We look forward to sharing further developments of this exciting project.”
Charles FitzRoy, CEO
We can expect it will rise soon. This fall is due to small trades in thin market. RedCloud are predicting 40p just for clay assets. The pegmatite is not quantified in terms of asset value but we can get a feel from other miners, Atlantic Lithium for example market capital $177m up 10% today, with similar close to surface lithium and like Bradda only based on one drill section showing 35m at 1.25% Li2O. At some point soon they will announce a big pegmatite resource alongside the clay resource and we will be a lot higher. Your guess is as good as mine, what is more certain is it wont be this low for long.
Do your own research.