African Battery Metals Share Chat (ABM)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
African Battery	LSE:ABM	London	Ordinary Share	GB00BYWJZ743	ORD 0.1P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	+0.00p	+0.00%	2.375p	2.25p	2.50p	2.375p	2.375p	2.375p	80,869	08:00:00

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Mining	0.0	-3.9	-0.2	-	3.24

African Battery Metals Share Discussion Threads

Showing 1576 to 1600 of 1600 messages

Chat Pages: 64 63 62 61 60 59 58 57 56 55 54 53 Older

Date	Subject	Author	Discuss
25/9/2018 10:26	ECR could be "cheap" today in view of their news, but I have no idea about these. How are these financed? Will there be a placing or will a major farm in? You tell me cos I don't know.	excellance	Read Full Thread Reply
25/9/2018 10:23	How do you know it's cheap?	excellance	Read Full Thread Reply
25/9/2018 10:10	LOL excellent excellence - de-ramp the shares [on vague rumours about a financing] and then buy in on the cheap!	cpap man	Read Full Thread Reply
25/9/2018 09:55	Taken my first small position here today. No idea how this company intend to finance operations but the strategy is compelling as are the newly acquired assets. Now, show me the money...	excellance	Read Full Thread Reply
20/9/2018 15:50	Lol I'm not interested in ramping or bashing, just saying what I see. Oh, and BTW it's cheaper by quite a bit already!	excellance	Read Full Thread Reply
20/9/2018 15:27	Really?? Lol I hope you have a chance to buy in cheaper before you're happy, at which point you'll ramp the guts out of it..	apfindley	Read Full Thread Reply
20/9/2018 13:18	so this is effectively a new company, with new projects and new directors, but it needs new money too. the mkt cap of £3.76m is high considering they have proved up nothing and have no cash, the sierra leone asset is to be abandoned, the DRC asset presumably mothballed until that country sorts itself out...so on to pastures new. so wheres the money? i expect a significant placing of shares soon.	excellance	Read Full Thread Reply
18/9/2018 15:59	may yer eggs be boiled in lemon juice and peanut butter - heh heh heh. Me old lohheginer is a lair of beef. wOOOOP wOOOOOP LOL LOL	the crypt	Read Full Thread Reply
15/9/2018 22:10	Paradoxically, Cameroon which has Africa's largest nickel, cobalt, iron, rutile, diamond and uranium deposit reserves and also the second largest bauxite reserve in the continent, has only explored 40% of its mining potential.	aidenabettin	Read Full Thread Reply
11/9/2018 19:04	https://www.bloomberg.com/news/videos/2018-09-11/cobalt-demand-for-evs-to-keep-raising-cobalt-27-capital-ceo-says-video	aidenabettin	Read Full Thread Reply
03/9/2018 16:11	...and again!! ...and again!!	europa79	Read Full Thread Reply
31/8/2018 16:46	...and down we go again!!	europa79	Read Full Thread Reply
30/8/2018 13:00	So it's now official - all the old Sula assets were worthless. Presumably they will be ditching Matt Wood too? Can't see why they would retain that useless numpty any more, he's all that's left from sula. But this company may now be an interesting proposition, Dattells has a great track record! But until Woods goes this is still very much a bargepole stock I'm afraid.	failedqs	Read Full Thread Reply
30/8/2018 12:28	The company’s 08th of August 2018 RNS (titled ‘Acquisitions, Issue of Equity and Corporate Update’) stated the following: "African Battery Metals plc, the African focused exploration company developing projects in strategic battery metals, is pleased to announce that it has conditionally agreed to make two separate acquisitions, being the entire issued share capital of each of Cobalt Blue Holdings (CBH) and Regent Resources Interests Corp. (RRIC)." "RRIC has entered into an agreement with RRCC, Lagune and Lizetta Holding S.A.R.L. to earn into 70% of the Lizetta II chrome, nickel, cobalt exploration licence ("Lizetta-II") in Côte d'Ivoire by expending a total of USD 850,000 (£658,000) on the project over the period to June 2021." "The existing exploration licence underlying the earn-in agreement that is the principal asset of RRIC, which falls due for renewal on 22nd March 2019, requires expenditure of approximately £600,000 prior to the 22nd December 2018 in order to maintain its good standing plus expenditure to be agreed on the cobalt-nickel extension to the licence." "On completion, RRIC will have unencumbered cash in its bank account of not less than £50,000. This cash will be available to ABM for its exploration activities and can be seen by shareholders effectively as an additional investment in the shares of ABM by RRCC." "The ABM management team and its newly acquired subsidiaries will be engaging with the government of Côte d'Ivoire very shortly after Admission in order to re-assess the work programme to be delivered." In other words, they’ll assess how much money they need to raise to complete the work programme. "The Directors believe that the Company will be able to raise any required funding." Conclusion: The entry of mining heavy-hitters Dattels and Stalker is a welcomed development. However, until the company can come up with a feasible, non-dilutive plan to monetise Ngoila Nord, Ngoila Est and Ekok (whose licences expire in 30 months time...), and Lizetta II (which expires in 7 months time...), the jury is still out on ABM's current management team's ability to enhance shareholder value. In the meantime, expect the company to raise funds of £1m plus (conditional placing of 40m shares or more at a discount to the current share price…) before October 2018 to meet the RRIC earn-in-agreement and CBH licence conditions, acquisition cost of the Ntam Est and Ngaoundéré licences, and for routine working capital. .	researchanalyst1	Read Full Thread Reply
30/8/2018 11:35	African Battery Metals* (ABM LN) 3.3p, Mkt Cap £4.4m – Management drive focus on cobalt as company drops Sierra Leone African Battery Metals reports it is pulling out of Sierra Leone due to a lack of interest in the assets and the cost and hassle of working in Sierra Leone. Management recently acquired further prospective interests in a number of cobalt projects through the full acquisition of Cobalt Blue Holdings 'CBH' and Regent Resources Interests Corp. 'RRIC'. The acquisitions bring in prospecting licenses for cobalt and nickel in Cameroon and cobalt and chrome in Cote d'Ivoire Cobalt Blue Holdings holds ground which is adjacent to and relatively close to an existing NI-43101 nickel-cobalt resource in Cameroon which was formerly held by Geovic which suffered internal management issues between their Canadian & US senior management and local partners in Cameroon as well as a lack of funding. See link to the NI-43101 Technical Report on the Nkamouna and Mada Deposits hxxps://www.sec.gov/Archives/edgar/data/1398005/000119312511161283/dex991.htm The mineral resources for the Nkamouna and Mada cobalt-nickel deposits measure 59.8mt grading 0.24% cobalt, 0.68% nickel and 1.37% manganese classified with an additional 60.8mt grading 0.22% cobalt, 0.62% nickel and 1.32% manganese classified as Indicated Mineral Resources as Measured Mineral Resources as audited by SRK. An additional 202.5mt grading 0.20% cobalt, 0.59% nickel and 1.20% manganese is classified as Inferred Mineral resources. The resource is stated above a 0.12% cobalt cut-off for ferralite and a 0.23% cobalt cut-off for breccias, constrained above the bedrock surface. The last publically available press report on Nkamouna suggests the government was considering taking the license back presumably due to a lack of development activity despite the presence of a NI-43101 resource and former feasibility study done by Lycopodium, the international engineering group. The relatively high grade at Nkamouna and Mada suggests reasonable potential for development despite its remote location inland in the East Province of Cameroon. Cameroon is reported to have issued a mining permit decree for the project in April 2003 Lycopodium completed a feasibility study in 2011. The mine was projected to have a life of over 23 years producing >6,100t of cobalt 3,288t nickel and 62,600t of manganese carbonate in the first 11 years of production. Regent Resources Interests Corp. also holds the right to earn into 70% of prospective nickel-cobalt licenses in the Ivory Coast. Conclusion: Management are focusing on developing value in their expanding portfolio of cobalt licenses. *SP Angel act as broker to African Battery Metals	cpap man	Read Full Thread Reply
30/8/2018 10:00	https://www.marketscreener.com/business-leaders/Scott-Brown-07K1C4-E/biography/New director	aidenabettin	Read Full Thread Reply
30/8/2018 09:30	Dattels involved here is interesting, serious dude in the commodity space and one to follow i wonder how many shares he has ?	kristini2	Read Full Thread Reply
30/8/2018 09:02	Yeah up 9000% if only it wasnt consolidation.Maybe one day	aidenabettin	Read Full Thread Reply
30/8/2018 09:00	Mr Market likes it!	cpap man	Read Full Thread Reply
30/8/2018 07:44	African Battery Metals plc / EPIC: ABM / Market: AIM 30 August 2018 African Battery Metals plc ("ABM" or the "Company") Relinquishes interests in Sierra Leone to focus on new nickel and cobalt project and battery metal project development strategy AIM quoted African Battery Metals plc, the African focused exploration company developing projects in strategic battery metals, announces that, following the acquisition of two new nickel and cobalt projects in Cameroon and Cote d'Ivoire and a review of its assets, the Board has decided to discontinue its activities in Sierra Leone. This will allow the Company to focus all its resources and energies on advancing its portfolio and identifying further opportunities that fit within its investment criteria, to build value and deliver a leading battery metals-focussed resource company. The Company believes that there are attractive long-term market fundamentals for battery metals. The strategy of rapidly building the Company both organically and through acquisition, that was implemented in January 2018, has been endorsed by the new shareholders led by highly successful international resource entrepreneurs, including Stephen Dattels and Ian Stalker. This and the fact that the exploration licence covering the 153 sq. km Ferensola Project, in Northern Sierra Leone, is due for renewal, has prompted the decision to end all activity in Sierra Leone. Accordingly, it is expected that a local liquidator will be appointed to manage the process and ensure a timely and satisfactory exit. The impact of the exit will be reported on in the next financial statement relevant to the period. The Company now holds four prospecting licences in Cameroon close to one of the largest undeveloped cobalt resources in the world and two prospecting licence applications, as well as the irrevocable right to earn in to up to 70% of the 380 sq km Lizetta II cobalt, chrome and nickel project in Cote d'Ivoire. These two projects complement the licences in the Democratic Republic of Congo which are prospective for cobalt. ABM is also actively evaluating additional projects which the Board believes have potential to significantly advance the Company's stated strategy. ABM CEO, Roger Murphy, said, "As our strategy states, we are focussed on battery metals. With the acquisition of two highly prospective nickel and cobalt assets which complement our existing DRC cobalt projects, and the Sierra Leone licences being up for renewal and extensive consultation with our stakeholders, we have elected not to continue with activities in Sierra Leone. We believe that in order to maximise shareholder value we need to focus resources on our core strategy. We have a platform from which to grow, both through the development of our current portfolio and by securing additional highly value accretive acquisitions and in the process deliver a leading battery metals-focussed resource company."	cpap man	Read Full Thread Reply
23/8/2018 13:37	CBA/TSI 22.7% and share price Angel /RRCC 23.9%	aidenabettin	Read Full Thread Reply
23/8/2018 13:35	By the end of the month 2 major shareholder groups will control 46.6% of ABM stock	aidenabettin	Read Full Thread Reply
23/8/2018 13:20	More chance of winning the lottery twice!!	europa79	Read Full Thread Reply
23/8/2018 10:36	Just acquired 2 world class assets imo for buttons but TSI will still have a controlling interest but cameroon could be massive for Cobalt.So you make break even and with a little extra hopefully	aidenabettin	Read Full Thread Reply
23/8/2018 10:32	ABM.......A Bloody Miracle......if ever I was to break even	europa79	Read Full Thread Reply

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