African Battery Metals Share Discussion Threads

[cpap man] 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."

[aidenabettin] 23/8/2018 13:37

CBA/TSI 22.7% and share price Angel /RRCC 23.9%

[aidenabettin] 23/8/2018 13:35

By the end of the month 2 major shareholder groups will control 46.6% of ABM stock

[europa79] 23/8/2018 13:20

More chance of winning the lottery twice!!

[aidenabettin] 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

[europa79] 23/8/2018 10:32

ABM.......A Bloody Miracle......if ever I was to break even

[aidenabettin] 23/8/2018 08:34

No need to go OTT you got it to 0.325p.To all at ABM welcome to the world of TSI manipulation

[aidenabettin] 23/8/2018 08:26

And its there. 0.325p consolidation can now proceed

[aidenabettin] 23/8/2018 07:53

or maybe just a typo and it should have been 24th not 14th for the consolidation

[aidenabettin] 20/8/2018 08:27

Target price to activate consolidation is obviously 0.0325p.Almost there. Maybe they didnt expect the rise and why the 14th was put back

[au24] 15/8/2018 12:20

Hi, have any of you guys looked at BMN,also into battery minerals etc.They are on AIM at 27-28p and making profits of 1 million pounds per week. I am looking at you also. All the best.

[cpap man] 13/8/2018 09:15

Opened up nice an' strong this morning have ABM

[aidenabettin] 10/8/2018 09:33

The deemed closing price takes account of the capital consolidation by ABM pursuant to which every 100 existing ordinary shares in ABM on 7 August 2018 will be consolidated into 1 new ordinary share and the revised share capital will be admitted to trading on AIM on 14 August 2018.

[algernon2] 09/8/2018 20:57

Yes quite encouraging, I have just come here from TSI and the tie up between us.
Good to meet you all.

[escapetohome] 09/8/2018 19:50

Up? I cant believe my eyes!!

[aidenabettin] 09/8/2018 11:49

More to come very soon.

[excellance] 09/8/2018 11:25

I have no doubt that the two new licences in former French colonies will be the main focus of attention, and that they will turn up trumps.

[aidenabettin] 09/8/2018 08:06

https://www.pressreader.com/uk/daily-mail/20180809/283098479910246

[cpap man] 09/8/2018 07:59

DAILY MAIL today for ABM under the STOCK WATCH part of the MARKET REPORT

[aidenabettin] 09/8/2018 06:11

hxxps://www.igsint.com

[aidenabettin] 09/8/2018 06:10

Dave Ovadia has replaced Mark Parker as one of our Directors appointed by BNR (now renamed as TSI). April 2018TSI hold 30% of IGS who work with KKME where David Ovadia is also a director

[aidenabettin] 09/8/2018 05:42

How about Botswana.https://uk.webfg.com/news/aim-bulletin/two-shields-throws-cash-behind-battery-metals-with-further-kkme-investment--3428027.html