Bradda Head Lithium Share Discussion Threads

[on target] 21/12/2021 09:45

Yes we might get something this afternoon or if not then tomorrow am.

[ged5] 21/12/2021 09:40

Just got back in and can't see the RNS I was expecting after that tweet the other day.

Not to worry though it's still night time over there. I guess it could come at any time during the day.

[ged5] 20/12/2021 15:32

Lenses,

17x24.18 million is only 411m not 520m

[ged5] 20/12/2021 14:24

Will we get the expected news tomorrow?

Bradda tweeted earlier:-

Producers of battery metals and specialist chemicals for electric cars are outpacing sector leaders like Tesla Inc. in the stock market as prices of key commodities climb due to tight supply and wider adoption of zero-emission vehicles.

and gave this link:-

[ged5] 17/12/2021 15:39

Thanks Lenses.

Isn't it more usual to use 2% (ie98% discount)?

I get 4.1 times current mkt cap on the 185K tonnes and 22 times (edit sorry about the wrong figure) with the 1m tonnes using 98% discount.

Still much higher than 8.25p

[lenses] 17/12/2021 15:22

Moving forward nicely now.

Just saw a 'sum of parts' calc on another co's forum on an insitu value on a Jorc resource and then applying a 90% discount as it is a long way from being mined. That came up with for that project a value some 3x the present Mcap. Looks good? Maybe, maybe not.

Applying the same methodology to Bradda's BCE with its (so far) 185kt LCE and using $28k/t pricing gives $5.2bn, 90% discount $520m. That is 17x the present Mcap of Bradda.

Simplistic (why 90%, why not say 98%?) and you have to examine much else as well, but non-the-less useful as an early filter... and putting Bradda at the top.

1mt resource would take that metric to 100x Mcap.

GLHs

[ged5] 17/12/2021 13:45

Yes, just checked it. Then register on the Shard page. All coming back now. Definitely going senile!

[on target] 17/12/2021 13:10

Looks like it's started working now.

[ged5] 17/12/2021 13:09

Yes it was. I've just looked back through the thread. Post 5.

They were having problems with the website about that time, so I rang them. It was fixed that day.

[ged5] 17/12/2021 13:05

Maybe it was the Analyst Research page. As you say that page isn't loading at the moment.

[on target] 17/12/2021 12:14

I have signed up previously for the newsletter btw. Do I need to sign up with BrightIR for 'RNS alerts' to get the broker notes?

[on target] 17/12/2021 12:11

Maybe their website's not working or there's an issue with my browser, but I can't find anywhere to sign up for broker notes.

There is this page but it's just blank for me apart from the disclaimer.

[quigonjin] 17/12/2021 12:07

Just finished reading - very good update. Just need more people to cotton-on to the opportunity. Also, gotta say mgt doing an excellent job so far. Probably a bit soul destroying some days with the limited response

Very happy!

[ged5] 17/12/2021 11:31

Home page of the Bradda website.

I signed up for everything. I get the newsletters and all the broker notes.

[on target] 17/12/2021 11:24

How do you get hold of the Shard notes Ged - do you need to be a brokerage client?

[ged5] 17/12/2021 10:57

Maybe relevant to some, so I've put this link in the header:



Note the price of lithium carbonate is 230500 Chinese Yuan /Tonne

Given today's conversion that's £27175

Bradda has a resource of 185000 tonnes of lithium carbonate equivalent.

[ged5] 17/12/2021 10:19

Received the Shard Capital note about 30mins ago. Makes good reading.

"Given where we believe Bradda could this time next year, the disconnect between current market valuation (£23m Mkt Cap) and potential continues to grow in our view."

[quigonjin] 16/12/2021 09:32

Yes, it says on behalf of the family of Nigel Wray at the bottom of the notice

[ged5] 16/12/2021 09:27

RBC Trust Company (International) Limited increased their holding yesterday. They now have 17.8m shares.

So that will probably be Nigel Wray.

[felchandbart] 15/12/2021 12:27

Let's hope we continue to kick on from here.

[ged5] 15/12/2021 11:28

Movement in the right direction. Yeah!

[ged5] 15/12/2021 09:40

Latest tweet:-

"We recently announced a conditional royalty with LRC for up to $10m, a deal which would allow us to drill on most sedimentary claims and start a scoping or PEA style technical study without the need coming to market for funds."

Royalty Agreement to be signed by 21st of December

So we don't have to necessarily wait until next Tuesday.

[quigonjin] 14/12/2021 14:14

Many other things going on (crypto crash, etc...), may need the money elsewhere? This is certainly the best junior mining startup I've been invested in (so far). I do believe should do well this coming year, let's hope so

[on target] 14/12/2021 12:22

There were a couple of sells below 7p yesterday as well - the mind boggles.
With the amount and pace of newsflow here you'd think even the most impatient investors/traders would stay interested.
Grateful for the opportunity to pick up more around this level though.