AKE 0.00% $9.83 allkem limited

Allkem General Discussion, page-1461

  1. 3,076 Posts.
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    Looong story.

    There was Alita ( for the Bald Hill tenements ) and there is Cowan Lithium ( for the Cowan tenements ). Cowan was split off when Tawana and Alliance merged.

    Cowan project was sold off for $3M ( The cowan website no longer exist so you have to go through web.archive.org ):

    http://web.archive.org/web/20201203...loads/2020/10/COW_Corproate-Update_202010.pdf

    It did not mention who it was sold to, but I recall digging and found out the tenements that were disclosed on Cowan's website were marked E 1501377 and E 1501502. "E" stands for exploration.

    Looking at the WA public registry, the tenements were at that time held by "MOUNT BELCHES PTY LTD", which is / was a 100% subsidiary of Alita / Tawana.

    https://www.asx.com.au/asxpdf/20171030/pdf/43nqjhx3qffzj1.pdf

    These tenements were then caveated by BLOOMIER after the announcement of the $3M sale of Cowan Lithium.

    https://tenementcache.landtrack.com.au/Index.aspx?tenid=E 1501377&text=&cmd=search

    So one can conclude that it was sold to BLOOMIER, with what appears to be the same people behind Austroid / Liatam who are behind Alita. You can check this by looking at the ASIC register and look at the officers / secretary / shareholders for Austroid and Liatam.

    Now that is what I remember so far in my own diggings back about 2 years ago.

    Looking at the A40 HC forum, it seems that there were more recent news. Bald Hill might restart soon ( this is news to me today too ) :

    https://hotcopper.com.au/threads/status-of-bald-hill-mine.6714734/?post_id=61072427

    Also, M Calderwood is now running ASX-listed Midas.

    What does this all mean to AKE ? Probably nothing, I have removed whatever interest ex-GXY had with Bald Hill in my own model. So if AKE gets some royalty from any resumption, then that is just cherry on top.
    Last edited by findinggems: 25/06/22
 
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