A40 price action, page-270

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Wilma85

2,453 Posts.

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01/03/19

13:11

Post #: 37620395
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Originally posted by kropka ↑

I am also confident that as a miner we will do great and IMHO time will not tell but prove quality of A40 management and BH.

I may get some enemies here by saying that I am happy with current SP and didn't expect huge gain until next quarter.

We went down so much in the past 12 months but so were other lithium miners that are also progressing with their plans.

There was not much for short term investors. Past 8 months we only had conflicting news on the merger, fear of no ASX listing, delayed shipments, cuts in production due to water problems, high stripping ratio, changing of trading terms with Burwill. It is not a great picture.

The only positive news was an update on January production.

Looking at longer term (for those who doing DYOR ) A40 presents huge potential.

Stripping ratio getting down, very low debts, fines only 6/7 months away, soon to be announced new offtaker, potential to increase LOM as we only touch small area of BH etc.

The only thing that could stop us moving up would be another MS report on oversupplies or slow down in EV revolution but this is what we and/or our BoD can not control.

I am a long term investor very confident of getting 2 or 3 bags from current SP in the next 12 months and hope that my assessment will prove me right.

That's way I am happy to do my little top ups now as other than BOT, I can't see many investors selling today.

Any confirmation on February production on line with the past month and/or sudden TH regarding new offtake ( expected this month) could create new base level well above where we are today.

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I don't expect any significant movement in the SP until a new offtake partner is announced.

A40 Price at posting: 19.0¢ Sentiment: None Disclosure: Held
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A40 price action, page-270

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

'Taking money from the market': Garbage giant cleans up as this week's Hot Stock tip

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game