Thanks Acca, I appreciate your feedback and agree with what you...

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Deznuts

313 Posts.

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04/09/17

10:03

Post #: 26970933
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Originally posted by Acca ↑

Dez, some fair observations there.

Short response is that our CEO "Peggy" found the right geology with the available processing plant and the potentially perfect storm for rapid ROI. He could have pegged out other areas with good Lithium credentials, but being quick-to-market was and is an extremely important criteria.

This is a 50/50 JV, but the experience of Tawana has our team leading and AMAL accepting a back seat role. It would be nice to have as your partner the prettiest girl at the beauty pageant, but this is about delivering on objectives and promises. AMAL management clearly recognise this and are demurring.

So your call...this is on track to be the next Li producer, with a long mine life to be confirmed in the next month. And truly fantastic rates of return. The market won't rerate here until the resource increase comes through though.

No real dissenters to any of this, but it will be good to get the next couple of committed Anns. behind us.

However, DYOR.

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Thanks Acca, I appreciate your feedback and agree with what you said.

When is the resource upgrade supposed to come out? I saw that they had 5 rigs going for it a month or so ago but that it has been cut down to only one rig due to the constraints on camp resources due to the building of the new lithium treatment plant.

TAW Price at posting: 22.0¢ Sentiment: Hold Disclosure: Not Held
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Thanks Acca, I appreciate your feedback and agree with what you...

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