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Heeman

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14/04/17

15:50

Post #: 24076920
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Originally posted by Haplo ↑

Joe Lowry article that was recently published.

Lithium: Taking Stock of Q1, 2017

His notes on financing of lithium projects are worth reviewing.

Of world class projects, only the SQM/LAC JV developing the Cauchari project in Argentina has both a clear path to production and the financing to execute. At their recent investor day, ALB upped their demand forecast – showing a 2021 number of ~370K MT and they did it just a month after I posted my very similar number on Linked In – but I digress. The point is needed projects like Galaxy’s Sal de Vida and those of PLS and Altura are not financed. Despite the near term oversupply predicted by several banks, the reality is a continued tight market or full blown shortage is much more likely than oversupply.

So even though the spectra of a CR has been discussed in this thread, it should be highlighted that at this point in TAW's development it should be welcomed and not feared.

At most TAW/AMAL will need to raise $40 - $50M (2Mtpa) for the pre-production construction phase and that's not taking into account what they will be able to received in prepayments for offtake agreements. So a CR to achieve obtain any shortfall in funding will derisk this project even further and provide a clear path to production.

Personally I think they will receive at least half of that in prepayment offtake agreements which will leave roughly $25M to raise. Hardly a show stopper figure to raise for a company to be in production before the end of the year.

Haplo

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Will be keen to see the two going about their respective capital raises....oh i wish they would just merge already

TAW Price at posting: 26.5¢ Sentiment: Buy Disclosure: Held
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AMAL announcements and articles, page-8

Top Stories

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

Strategic Energy extends its QLD copper-gold frontier with Diamantina acquisition

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

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