[ASX:A40] Alliance Mineral Assets Ltd (Previously TAW/AMAL)

crushproof · 24-07-2023 11:03pm

Be mad if it ended up being realised with a massive jump in stock price. What a nice little treat that would be but I still doubt I'll ever see a penny.

beertons · 25-07-2023 12:24am

#Believe

Thargor · 08-08-2023 12:17am

Wow I did not expect to see this pop up on my radar again, think I lost 15-20K here! Happily up 10 times that on PLS now and they just increased their resource by about 20% last night so still doing well off lithium, I bet we'll only see a pittance though. I keep an eye on Hotcopper most nights so will post if I hear anything interesting there.

Heiser · 08-08-2023 12:38am

https://www.boards.ie/discussion/comment/120951158#Comment_120951158

There's a fairly active telegram group too: 40F/A40

Thargor · 08-08-2023 4:51am

https://www.boards.ie/discussion/comment/120951170#Comment_120951170

I'm in shock tbh, they bankrupted the company by signing up to a ridiculously low price then they declared a force majeur event where they wouldn't even accept the spod at that price then it turns out instead of the plant being put in care and maintenance it's been tipping away exporting a billion dollars worth of lithium all along! Total ripoff.

Imagine if we got our shares reactivated and the company just started going again.

crushproof · 09-08-2023 1:53pm

Has been any indication of how much shares would be worth if there was any sort reimbursement? Or heck even any sign if there will be a resolution any time soon? Sounds like one of things that will drag on for years and slowly through a bureaucratic nightmare.

Mad what could have been considering the tremendous growth in lithium since.

Heiser · 09-08-2023 5:19pm

https://www.boards.ie/discussion/comment/120956798#Comment_120956798

From my understanding the mine was recently valued at around $1-1.5bn, when you remove the debt etc if we got that for the mine it could be worth around $1 per share.

Its very unlikely we'll ever see that amount with the games that will played but we can dream

Heiser · 30-10-2023 11:34pm

So we should find out over the next few days how much we're getting for our shares. My average was 25c so if we could get that I'd be happy. Here's hoping.

Thargor · 31-10-2023 4:55pm

https://www.boards.ie/discussion/comment/121303599#Comment_121303599

Thanks. The whole thing was such a sh1tshow but at least its coming to an end now. Im mainly looking forward to getting the fecking things removed from my Degiro account where they've been messing up my portfolio totals for the last few years.

Thargor · 31-10-2023 5:02pm

https://www.boards.ie/discussion/comment/121303599#Comment_121303599

Actually it looks like tonight could be the night we find out, 01 Nov in Oz.

crushproof · 01-11-2023 9:46am

From my basic understanding there's $50 million AUD leftover for shareholders. So goodness knows how little per share that will be.

Every single shareholder has been absolutely screwed over by this.

Heiser · 01-11-2023 2:43pm

https://www.boards.ie/discussion/comment/121309284#Comment_121309284

My understanding, and I might be clutching at straws, is that that's the minimum amount to be paid, the rest depends on the 'independent' report on the value of the mine, which should mean more than the $50m, which would be just about 3 cent per share.

But ye you're right, looks like we're going to be absolutely screwed over either way.

I also invested in PLS at the time I was investing in TAW and to see how well that has done and what could have been...

crushproof · 01-11-2023 5:20pm

https://www.boards.ie/discussion/comment/121310826#Comment_121310826

Very lucky though with PLS, unfortunately TAW was my only ASX stock. Very frustrating but no major losses. Some AUD for some Christmas pints would be nice though.

beertons · 02-11-2023 12:03pm

3 cents per share?

Heiser · 02-11-2023 3:45pm

https://www.boards.ie/discussion/comment/121314660#Comment_121314660

That's the minimum, the full amount depends on the outcome of the independent valuation of the mine which should be completed by Tuesday.

[ASX:A40] Alliance Mineral Assets Ltd (Previously TAW/AMAL)

Comments