Zinnwald Lithium Share Discussion Threads

[prokartace] 23/3/2023 09:24

Hi all, have bo idea why but have bought a shareholding in the retail offer!

[steeplejack] 23/3/2023 09:10

AMG

“It has production facilities worldwide including Germany where it is developing Europe’s first lithium refinery”.



Something of a coup for Zinnwald to attract AMG which enhances the credibility of the project.(Something of a coup for AMG to take 25% of ZNWD at a price that is a fraction of the shares all time high which was around 27p).The group now has three cornerstone investors that account for some 43% of the equity.Presumably,AMG will arrange an offtake agreement in due course.It looks like Zinnwald is attempting to expedite the push to production.BFS by year end whilst progressing infill drilling.Lots ahead to keep the pot boiling.

[qs99] 23/3/2023 09:02

not for long I sense! AMG investing 25% will put this share well and truly on Investor horizons IMO/DYOR....

[5chipper] 23/3/2023 08:51

Retail investors can buy in below the placing price this morning though

[qs99] 23/3/2023 08:34

wow, 3 hours to apply for more shares in an after hours 5pm RNS.....pretty well a FU to Retail Investors! BUT still a big supporter and value will out and AMG is an amazing beast to get on board IMO and says everything about how they see this asset developing given the demand....DYOR

[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