Zinnwald Lithium Share Discussion Threads

[jusjusjus] 23/3/2023 08:27

..and the CEO of AMG joins the board to offer all his experience!

[robertspc1] 23/3/2023 08:06

That is a very decent fundraising with great strategic investor plus other core investors. No doubt some traders exiting but share price will rerate soon enough

[jusjusjus] 22/3/2023 19:16

mylands - only got to wait until 8am to know if the open market will be cheaper than 10.41p!

[mylands] 22/3/2023 19:08

With these 'minnows' anything can happen, but I think it's worth a punt. Time will tell if I am proven right!

[robertspc1] 22/3/2023 19:03

There has been a big overhang in these shares since the Gangfeng Bacanora deal. That and the dwindling cash pile caused the value of the company down to c20m. As the new broker pointed out this valuation was absurdly low. With this fundraising and the strategic investor I would expect a substantial re rating over the next six months

[mylands] 22/3/2023 18:53

Applied to top up.

Will be interesting to see what happens tomorrow, and if I get all I applied for.

[qs99] 22/3/2023 18:28

Think they've done a great job £14m at a premium, but big old dilution unless you stand your ground.....which personally I will, as getting that AMG beast on to the shareholder register is in my view a very very big plus....

Big shareholders also investing to stand their ground by the looks of things, also encouraging

DYOR

[robertspc1] 22/3/2023 17:59

Well we got the full set in one go. Great job raising 14m at a premium with a new strategic investor

[jusjusjus] 22/3/2023 17:42

but £14m is loose change down the back of the sofa for AMG

[euclid5] 22/3/2023 17:36

AMG Advanced Metallurgical Group N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”) reported fourth quarter 2022 revenue of $390 million, an 18% increase versus the fourth quarter of 2021.

Fourth quarter 2022 EBITDA of $104 million was more than double the fourth quarter of 2021, and drove AMG to a record-setting full year EBITDA of $343 million.

[jusjusjus] 22/3/2023 17:36

FOMO tells me to take up the retail offer... (which I'll then probably regret!)

[euclid5] 22/3/2023 17:31

The Fundraising is led by AMG Advanced Metallurgical Group N.V ("AMG"), which is subscribing for a 25% shareholding in the Company (the "AMG Subscription"). Existing substantial shareholders, Henry Maxey and Mark Tindall are also subscribing for new ordinary shares at the Placing Price to maintain their pre-existing shareholdings

With approximately 3,400 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, the United States, China, Mexico, Brazil, India, Sri Lanka, and Mozambique, and has sales and customer service offices in Japan

[bountyhunter] 22/3/2023 17:18

Again! Déjà vu with this company!

[shortcpx] 22/3/2023 17:15

In this market? Not for long if at all.

[jusjusjus] 22/3/2023 17:14

so do we think the opening price tomorrow will be higher than 10.41p??

[dplewis1] 22/3/2023 17:10

Primary bid raise at a premium

[robertspc1] 19/3/2023 21:08

We are now a month later than results announcement last year. So what comes first, results, fundraising, offtaker, strategic investor or some combination of these

[robertspc1] 16/3/2023 22:29

Well the launch of the EU Critical Mineral Act really lit the fireworks ... not

[robertspc1] 14/3/2023 15:32

Delayed like everything else with the EU

[5chipper] 14/3/2023 13:49

When’s this critical minerals act due to be announced? I thought it was scheduled for today

[robertspc1] 13/3/2023 08:24

Good to see the sale of non core asset today. No cash now but hopefully they can monetise the royalty in due course

[steeplejack] 09/3/2023 23:31

https://www.euronews.com/next/2023/03/07/europe-in-race-to-secure-raw-materials-critical-for-energy-transition

[gepetto100] 09/3/2023 08:35

VW are investing in South Carolina plant - reported in FT Weekend riding on the Biden new bill to attract producershttps://www.whitehouse.gov/briefing-room/statements-releases/2022/09/14/fact-sheet-president-bidens-economic-plan-drives-americas-electric-vehicle-manufacturing-boom/https://www.whitehouse.gov/briefing-room/statements-releases/2023/02/15/fact-sheet-biden-harris-administration-announces-new-standards-and-major-progress-for-a-made-in-america-national-network-of-electric-vehicle-chargers/

[robertspc1] 08/3/2023 18:14

Just hope they aren't relying on VW who are dithering as usual. I'd love it if Tesla came in to spoil the German party. Long shot but would be fun