Talison Lithium to Commence Trading on TSX Under Symbol "TLH"
WORLD'S LARGEST PURE LITHIUM PRODUCTION COMPANY BEGINS TRADING
Highlights
- Merged entity brings the world's largest, high quality, low cost lithium minerals producer located in Australia together with a highly prospective, large scale lithium brine exploration portfolio in Chile
- Diversified exposure to lithium chemical production from minerals and potential brines
- Major lithium supplier to the rapidly expanding Chinese market, now the largest globally
- Ability to rapidly respond to the growing demand for lithium for electric vehicle batteries
- Proceeds of $38,074,064 under Subscription Receipt private placement released from escrow to the merged entity to fund growth
- Fully funded to expand current production and accelerate lithium chemical production
Press Release Source: Talison Lithium Limited On Thursday September 23, 2010, 7:00 am EDT
TORONTO, ONTARIO--(Marketwire - Sept. 23, 2010) - Talison Lithium Limited ("Talison") (TSX:TLH - News) is pleased to announce that in connection with yesterday's completion of the plan of arrangement (the "Arrangement") between Talison and Salares Lithium Inc. ("Salares") (refer to press release dated September 22, 2010), it is anticipated that Talison ordinary shares will commence trading on the Toronto Stock Exchange under the symbol "TLH" at the open of market today.
The completion of the Arrangement and the listing of the Talison ordinary shares satisfied the conditions for release from escrow of the proceeds from Salares' previously announced private placement of 31,128,515 subscription receipts (the "Subscription Receipts"). Pursuant to the terms of the Subscription Receipt Agreement governing the terms of the Subscription Receipts, proceeds of $38,074,064 have been released from escrow to Salares and each Subscription Receipt was exchanged for 0.35587 of a Talison ordinary share. All previous security holders of Salares now hold comparable securities of Talison (or the equivalent in Talison exchangeable shares) based on the exchange ratio under the Arrangement.
Talison has now combined its' world class lithium minerals production in Australia with Salares' prospective, large scale lithium brines exploration project in Chile. The combined entity is well-funded, allowing for immediate expansion of the producing Australian operations to run in parallel with an accelerated exploration program at the 'Salares 7' brine project.
Immediate production expansions at Talison's Australian operations are required to satisfy substantial growth in lithium demand from Chinese battery producers, for whom Talison is the primary supplier. This demand has been driven by government policies encouraging alternative energy vehicles in pursuit of energy security, reduced reliance on oil imports and environmental objectives. Additional large scale production expansion is also being pursued by Talison to meet the anticipated global growth in the lithium market.
Talison now has:
-- An attractive diversified mix of lithium mineral and brine assets in
both Australia and Chile:
-- Combination of the high quality, low cost Australian based lithium
minerals production with promising lithium brines exploration
properties located in Chile;
-- Multiple actionable growth strategies, including:
-- Expansion of existing lithium mineral production capacity by over
60% (currently in progress) to support the growing Chinese battery
market;
-- Potential low cost lithium carbonate production from minerals
conversion to supply major battery producers and vehicle
manufacturers globally; and
-- Future potential lithium carbonate production from prospective
Chilean brines;
-- Access to an extensive global customer network, established over a 25-
year lithium operations history, with the leading position in the
growing Chinese battery market; and
-- Board of Directors and management team with the skills and extensive
experience in the technical and commercial aspects of project
development, production and marketing of lithium.
Talison is voor zover mij bekend het enige pure lithium-aandeel dat op een normale beurs te koop is, huidige koers ca 3,80 CAD.
BeantwoordenVerwijderenStockhouse forum:
BeantwoordenVerwijderen+++++++++++++++++++++++++++++++++++++++++
The Value in this one is amazing
brolija3
9/27/2010 2:45:19 PM | | 260 reads | Post #28640751
Rate this
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I saw that the market cap was around 350 Mcad, and that is really sick. How is it possible?
Talison Lithium is the greatest Lithium producer in the world, controlling 33% of the whole market. And still only worth 350 Mcad. That would be compared with GXY (Galaxy Resources) who isnt producing yet, yes I know they are on the ready set go market, but still doesnt sale a product. GXY is valued just over 200 Mcad.
The most important thing to add is that Talison has a discovery with an ~150% higher lithium grade. (1,5 vs 3,9) They have produce for years and are a VERY safe mine. And now when they have taken over the salares in Chile, they have alot of potential to expand. GXY just have thier Cattlin mine for now.
Would the greatest Gold or Oil company have this kind of value?
TLH producing 38 tpa, and are going to expand to 62 tpa within a year. / Has a Mcap ~350 Mcad
WLC are going to produce 27 tpa year 2014 / Had a Mcap ~250 Mcad at most nearly a year ago.
GXY are going to produce 17 tpa next year / Has a Mcap at ~200 Mcad
I acually was in love with GXY before I got into TLH. GXY is going the whole way from ground to battery, and it seems that TLH is going to do the same. In the presentation you can read that they are going to build a plant in Western Australia.
I would say that they who sell thier shares for the moment just take the profit from thier nearly 100% return from the deal with Salares. As someone mentioned, when ETF goes in to this one, as they must do, the price we see today would be far away.
// Marcus
++++++++++++++++++++++++++++++++++++++++
Dit gaat over lithium en Talison:
BeantwoordenVerwijderen-----------------------------------------
A sonic boom of demand is about to hit this company
Zacks.com Partner 27 oktober 2010 16:05
Dear Reader,
I wanted to alert you to a remarkable opportunity that I believe could hit literally any day..
It pertains to a substance that's used in everything from medicines to nuclear bombs... and it's turning the energy world on its head.
A worldwide battle has broken out to secure as much of this element as possible - including the U.S. government, which has already invested $25 billion to make sure it becomes the dominant fuel of the future.
And there's one tiny company that's poised to get some serious recognition. That's because it controls half of the global market for this substance... and 30% of the world's proven reserves.
The attached presentation will show you why they say a sonic boom of demand is about to hit this company... and when it does, how this stock could soar abundantly.
I urge you to check it out right away. You'll see exactly how to play this event for extreme potential gains.
Sincerely,
Mike Ward
Publisher, Money Map Press
P.S. This is very urgent... this presentation says huge contracts are just about to be signed, flooding the company with billions. You'll want to be in on this before they do.
-------------------------------------
PERTH, WESTERN AUSTRALIA--(Marketwire - Jan. 12, 2011) - Talison Lithium Limited ("Talison") (TSX: TLH)
BeantwoordenVerwijderenannounces its preliminary production results for the three and six months ended December 31, 2010 from its Greenbushes lithium operations in Western Australia (the "Greenbushes Lithium Operations"). For the six months ended December 31, 2010, production increased 32%, and sales increased 33% over the six months ended December 31, 2009.
Greenbushes Lithium Operations - Second Quarter 2011 Financial Year Production Results
Record production and sales were achieved from the Greenbushes Lithium Operations during the second quarter 2011 as a result of continued strong demand from customers, a successful ongoing production process improvement program and the early commissioning of the Stage 1 expansion. Talison continues to produce at capacity and sell 100% of its production.
Talison expects further improved production for the third quarter of the 2011 financial year, as a result of the completion of the Stage 1 expansion of the Greenbushes Lithium Operations in December 2010.
Please find contained in the attachment and the link below the research article from Rick Mills at Ahead of the Herd highlighting Talison Lithium (TSX:TLH).
BeantwoordenVerwijderenhttp://aheadoftheherd.com/Newsletter/2011/Talison_Feb4_2011.htm
Highlights Include:
v Talison Lithium Inc. TSX – TLH is the world's largest primary lithium producer - production from its Australian operation fills roughly a third of the world’s lithium demand and supplies 75% of Chinese demand.
v Talison began trading on the Toronto Stock Exchange September 22nd 2010. The company’s initial public offering (IPO) raised $40 million. An additional bought deal financing of $80 million, including over allotment, was recently announced. This money is being used to nearly double production at their Greenbushes lithium mining operation in Australia, and exploration at their new Salares 7 project in Chile.
v The Greenbushes Lithium Operation has been producing lithium for over 25 years. The mine is located 250 kilometers (km) south of Perth/Fremantle - a major container shipping port - and 90 km south east of the Port of Bunbury - a major bulk handling port - in Western Australia.
Talison, as the only pure producing lithium play, offers potential investors many attributes:
v Unique exposure to both mineral (hard rock) and brine sources of lithium
v Talison is the primary lithium supplier to China – China is the largest and fastest growing consumer worldwide
v Growing demand for lithium from traditional uses and new applications
v Proven and experienced leadership
v Highest grade lithium mineral resource in the world at its 100% owned Greenbushes operations
v 25 years of lithium production and sales history
v Well established and diversified global customer network
v Low cost, rapid plant expansion currently in progress
v Salares 7: prospective brine exploration project in Chile
v Potential lithium carbonate plant in Western Australia
v Talison is the largest lithium producer globally by sales since 2009
--- Rick Mills
http://www.aheadoftheherd.com/
Please find contained in the attachment the press release from Talison Lithium Ltd. (TSX:TLH) announcing Financial Results for the Second Quarter Ended December 31, 2010 and Commencement of Drilling at Salares 7 Project.
BeantwoordenVerwijderenHighlights Include:
v Lithium concentrate production for the three month interim period ended December 31, 2010 of 83,548 tonnes (approximately 12,400 tonnes lithium carbonate equivalent or "LCE"), representing a 40% increase over the corresponding period in the prior year.
v Lithium concentrate sales for the Second Quarter were a record 97,559 tonnes (14,500 tonnes LCE) representing a 54% increase over the corresponding period in the prior year.
v Lithium concentrate production and sales for the six months ended December 31, 2010 were 164,277 tonnes and 150,084 tonnes of lithium concentrates respectively (approximately 24,300 tonnes LCE and 22,200 tonnes LCE respectively), and represent, a 32% and 33% increase respectively over the corresponding period in the prior year.
v Sales revenue for Second Quarter of $32.8 million, an increase of 79%, over the same prior year period, and for the six months ended December 31, 2010, sales revenue of A$53.9 million, a 53% increase over the corresponding period in the prior year. The increase in sales revenue resulted from increases in sales volumes and average sale prices, and the sale of crushed ore into the Chinese market.
v EBITDA(2) for the Second Quarter of A$7.2 million, an increase of 63% over the corresponding period in the prior year, due to the higher sales volumes and prices and a reduction in the unit cost of sales.
v Commissioning of the Stage 1 expansion at the Greenbushes Lithium Operations was completed during the Second Quarter ahead of schedule.
v In response to continued strong demand for lithium concentrate, Talison decided to revise the design of the Stage 2 expansion of the Greenbushes Lithium Operations to allow for further increases in production capacity.
BeantwoordenVerwijderenv The outlook for Talison's annual production of lithium concentrate has improved due to a successful production process improvement program and early commissioning of the Stage 1 expansion. Lithium concentrate production for the financial year ending June 30, 2011, is expected to exceed 48,000 tonnes LCE.
Salares 7 Project - We are pleased to announce the commencement of the first drilling program at the Salares 7 Project in the Atacama Province, Region III, Chile.
v The first stage of the program involves reconnaissance drilling utilising a sonic drill rig at two of the seven salars, Salar de La Isla and Salar de Las Parinas. The pattern of holes for the drilling program is related to geophysical responses on Transient Electromagnetic (TEM) survey lines previously established on the salars.
Record production was achieved from the Greenbushes Lithium Operations during the three months ended March 31, 2011 (the "Third Quarter")as a result of the completion of the Stage 1 expansion of the Greenbushes Lithium Operations in December 2010. Talison continues to produce at capacity and sell 100% of its production from the Greenbushes Lithium Operations.
BeantwoordenVerwijderenKey Operating Statistics
Per- Per-
Three Months Three Months cent- Nine Months Nine Months cent-
Ended March Ended March age Ended March Ended March age
31, 2011 31, 2010 Change 31, 2011 31, 2010 Change
--------------------------------------------------------------------------
Production
(i) 88,315 66,180 33% 252,592 190,912 32%
--------------------------------------------------------------------------
Sales(i) 97,001 55,864 74% 247,085 168,559 47%
--------------------------------------------------------------------------
(i)Tonnes of lithium concentrate
Sales of lithium concentrate from the Greenbushes Lithium Operations in the Third Quarter increased 74% from the corresponding period in the prior year, with 97,001 tonnes of lithium concentrate (approximately 14,400 tonnes of lithium carbonate equivalent) sold.
Sales for the nine months ended March 31, 2011 were 247,085 tonnes of lithium concentrate (approximately 36,600 tonnes of lithium carbonate equivalent), representing a 47% increase over the corresponding period in the prior year.
The increase in sales resulted from strong demand from customers for lithium concentrate and the increased production capacity at the Greenbushes Lithium Operations following completion of the Stage 1 expansion in December 2010.
Production during the Third Quarter increased 33% over the corresponding period in the prior year to 88,315 tonnes of lithium concentrate (approximately 13,100 tonnes of lithium carbonate equivalent).
Press Release Source: Talison Lithium Limited On Wednesday May 25, 2011, 9:23 am
BeantwoordenVerwijderenPERTH, WESTERN AUSTRALIA--(Marketwire - 05/25/11) - Talison Lithium Limited ("Talison" or the "Company") (TSX:TLH - News) is pleased to announce the results from the first drill program at two of the seven salars that comprise the Salares 7 Project ("Salares 7") in Chile.
Highlights
-- Initial shallow reconnaissance drill programs completed at Salar de la
Isla and Salar de Las Parinas
-- Brine analyses at Salar de la Isla indicate:
-- up to 1,080 milligrams per liter ("mg/l") lithium, with an average
of 863 mg/l lithium; and
-- up to 9,830 mg/l potassium, with an average of 7,979 mg/l potassium
-- Brine analyses at Salar de Las Parinas indicate:
-- up to 480 mg/l lithium, with an average of 331 mg/l lithium; and
-- up to 8,210 mg/l potassium, with an average of 5,650 mg/l potassium
Peter Oliver, Chief Executive Officer, commented, "We are excited about the results from our initial reconnaissance drill program. The results are very encouraging for the further development of Salares 7 to meet the expected future growth in demand for lithium-ion batteries in the years ahead, and support the confidence that Talison has in the potential of Salares 7. With lithium values of up to 1,080 mg/l, we believe Salares 7 has the potential to be amongst the world's best new lithium brine prospects."
Salares 7 Overview
Salares 7 consists of seven salars (salt lakes) and playas located in the Atacama Region of Northern Chile. Five of the seven salars are 100% owned by Talison and its Chilean partners, and these five are clustered within a radius of approximately 30 kms. The salars are largely underlain and surrounded by volcanic rocks of andesitic to basaltic affinity that make up some of the 800 volcanoes located in the Andes Mountains of northern Chile.
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commentaar: blijkbaar zit er in deze zoutmeren ook nog een forse hoeveelheid potash....!!!
Ben benieuwd wat ze hiermee gaan doen.
Economic importance
BeantwoordenVerwijderenSpodumene is an important source of lithium for use in ceramics, mobile phone and automotive batteries, medicine and as a fluxing agent. Lithium is extracted from spodumene by fusing in acid.
World production of lithium via spodumene is around 80,000 metric tonnes per annum, primarily from the Greenbushes pegmatite of Western Australia, and some Chinese and Chilean sources. The Talison mine in Greenbushes, Western Australia has an estimated reserve of 13 million tonnes.
Some think that spodumene will become a less important source of lithium due to the emergence of alkaline brine lake sources in Chile, China and Argentina, which produce lithium chloride directly. Lithium chloride is converted to lithium carbonate and lithium hydroxide by reaction with sodium carbonate and calcium hydroxide respectively.
But, pegmatite based projects benefit from being quicker to move into production than brines - which can take 18 months to 3 years depending on evaporation rates. With pegmatites, once a mill is built, the production of lithium carbonate is only a matter of days.
Another key edge that spodumene has over its more popular brine rivals, is the purity of the lithium carbonate it can produce. While all product used by the battery industry have to grade at least 99.5% lithium carbonate, the make up of that final 0.5% is important. If it contains higher amounts of iron, magnesium or other deleterious materials it is less attractive to end users.
Talison Lithium Announces Preliminary First Quarter 2012 Sales Volume
BeantwoordenVerwijderenPerth, Western Australia, October 11, 2011 – Talison Lithium Limited (“Talison” or the “Company”) (TSX: TLH | US: TLTHF) today announced its preliminary sales volume and production results for the three months ended September 30, 2011 (“Q1 FY2012”). The Company also provided an update on its three growth projects encompassing its Australian capacity expansion, lithium minerals conversion plant and Salares 7 brine project.
Preliminary Results
Sales volumes remain capacity constrained
Q1 FY2012 tonnes sold increased 53% compared to Q1 FY2011, to 80,315 tonnes lithium concentrate (or approximately 12,000 tonnes lithium carbonate equivalent (“LCE”)). Demand remains strong for all of Talison’s technical and chemical-grade lithium concentrates. Sales volume is currently limited by the capacity of the processing plants at the Greenbushes Lithium Operations, and is expected to remain constrained until completion of the expansion of production capacity in Q4 FY2012.
The Company noted that sales are made in large shipments to customers, in varying proportions of technical-grade and chemical-grade lithium concentrates, which may result in variations between production and sales volumes in individual quarters. Q1 FY2012 production was 90,708 tonnes lithium concentrate (approximately 13,500 tonnes LCE), a 12% increase compared to Q1 FY2011. The difference between tonnes produced and tonnes sold in the quarter is due to orders in the process of being fulfilled.
Peter Oliver, Chief Executive Officer, commented, “Talison continues to experience strong demand from customers across the world. This demand, together with a recent tightening in global lithium supply is expected to enhance Talison’s pricing in the 2012 calendar year.”
Growth Projects
Greenbushes Stage 2 Expansion On Schedule and On Budget
The Stage 2 Expansion at the Greenbushes Lithium Operations continues to proceed on schedule and on budget. The finished product stockpile is now complete, and foundations for the new chemical-grade plant are being constructed.
The Company continues to expect commissioning of the Stage 2 Expansion during Q4 FY2012 and is receiving strong interest from new and existing customers for output from the expansion. Upon completion, the Stage 2 Expansion will double current production capacity to approximately 740,000 tonnes per annum lithium concentrate (approximately 110,000 tonnes per annum LCE).
Work on the new chemical-grade plant as part of the Stage 2 Expansion at the Greenbushes Lithium Operations.
New finished product stockpile as part of the Stage 2 Expansion at the Greenbushes Lithium Operations.
Proposed Minerals Conversion Plant
Responding to growing global demand for an additional secure supply of lithium carbonate, particularly from electric vehicle battery manufacturers, Talison is aggressively pursuing its proposed plant to convert lithium minerals into lithium carbonate (“Minerals Conversion Plant”). Plant capacity is proposed to be 20,000 tonnes per annum LCE in the first stage, and an additional 20,000 tonnes per annum LCE in the second stage.
PERTH, WESTERN AUSTRALIA--(Marketwire -11/14/11)- Talison Lithium Limited ("Talison" or the "Company") (TSX: TLH.TO - News) today announced results for the first quarter of the 2012 fiscal year.
BeantwoordenVerwijderenHIGHLIGHTS
-- Sales volumes for the first quarter of 80,315 tonnes of lithium
concentrate (approximately 12,000 tonnes lithium carbonate equivalent
("LCE")), a 53% increase quarter on quarter(1).
-- Revenue of A$25.9m, a 61% increase in US$ terms quarter on quarter.
-- Average sales price increased 5% and operating cost per tonne reduced 6%
quarter on quarter.
-- Earnings before interest, income tax, and depreciation and amortization
("EBITDA") of A$6.1 million(2) and EBITDA margin of 24%.
-- Operating cash flow of A$8.2 million.
-- Cash and cash equivalents at September 30, 2011 of A$91.3 million.
-- Construction of the Stage 2 expansion of the Greenbushes Lithium
Operations to double production capacity continued during the quarter on schedule and on budget.
-- Offices in Shanghai and Santiago established to strengthen relationships
with customers and facilitate the development of the Salares 7 Project,
respectively.
Oplaadbare batterijen tien keer langer mee
BeantwoordenVerwijderenLaatste update: 15 november 2011 21:45 info
AMSTERDAM – Dankzij een nieuwe techniek gaan oplaadbare batterijen tien keer zo lang mee en worden ze tien keer sneller opgeladen.
Met zo’n batterij hoef je je mobiele telefoon ruim een week lang niet aan de stroom te leggen. Bovendien duurt het opladen maar een kwartier. Dat beweren onderzoekers van de Amerikaanse Northwestern University op 14 november in Advanced Energy Materials.
Naast betere batterijen voor mobiele telefoons en iPods, zou de technologie de weg vrijmaken voor efficiëntere, kleinere accu's voor elektrische auto's. De onderzoekers verwachten dat hun ontdekking binnen drie tot vijf jaar op de markt zou kunnen zijn.
Lithium-ion batterijen laden op door middel van een chemische reactie waarbij lithium-ionen worden verzonden tussen twee uiteinden van de batterij, de anode en de kathode. Als energie in de batterij wordt gebruikt, reizen de lithium-ionen van de anode, door de elektrolyt, naar de kathode. Als de batterij is opgeladen, reizen ze in de omgekeerde richting.
Beperkt
Met de huidige technologie is de prestatie van deze accu’s op twee manieren beperkt. Enerzijds wordt de energiecapaciteit - hoe lang een batterij zijn lading kan behouden - beperkt door de ladingsdichtheid, ofwel het aantal lithium-ionen dat verpakt kan worden in de anode of kathode.
De oplaadsnelheid wordt beperkt door een andere factor: de snelheid waarmee de lithium-ionen bewegen.
Uit eerder onderzoek bleek dat de ladingsdichtheid toeneemt door de anode van silicium te maken, in plaats van op koolstof gebaseerd grafeen. Het probleem was echter dat de kwaliteit van silicium achteruit holde tijdens het gebruik.
Grafeen
Het onderzoeksteam loste dit euvel op door het silicium tussen het grafeen in te klemmen. Hierdoor passen meer lithium-atomen in de elektrode, terwijl de grafeenplaten de kwaliteit van het silicium beschermen. Ook voor de snelheid van de lithium-ionen werd een oplossing bedacht.
Door gaatjes van 10 tot 20 nanometer in de grafeenplaten te maken, kunnen de lithium-ionen via een sluiproute sneller bewegen.
'Grondstoffenschaarste tikkende tijdbom'
BeantwoordenVerwijderen7 december 2011
AMSTERDAM - Driekwart van de grote wereldwijde productiebedrijven vreest dat de schaarste van grondstoffen de komende 5 jaar grote gevolgen zal hebben voor de bedrijfsvoering. Volgens accountant PwC onderschat Nederland deze "tikkende tijdbom".
PwC, dat onderzoek deed onder 69 beursgenoteerde bedrijven, stelt dat de industrie zich vooral zorgen maakt over de alsmaar stijgende vraag naar metalen en mineralen en over de geopolitieke verhoudingen.
Vooral bedrijven in de auto-, chemie- en energiesector luiden alarm. De grondstoffenprijzen stijgen de laatste jaren fors en in de toekomst zullen er minder grondstoffen beschikbaar zijn.
PwC kaartte in september al een gebrek aan beleid aan. Slechts een op de vijf bedrijven zou plannen hebben geformuleerd om zich te wapenen tegen een grondstoffentekort.
Volgens PwC zijn de snelle groei van veel economieën en van de wereldbevolking belangrijke oorzaken van de grondstoffenschaarste. Op de lijst van 'meest kritische mineralen' staan onder meer berryllium (gebruikt voor lichtgewicht componenten in defensiemateriaal en de ruimtevaartindustrie), neodymium (een zeldzaam aardmetaal gebruikt in supermagneten en lithium (gebruikt voor onder meer accu's voor auto's).
Barrières
Maar die fysieke schaarste vormt volgens PwC niet de grootste kopzorg van de industrie. "Het hangt ook samen met hoe weinig ervan wordt gewonnen en de barrières die landen opwerpen ten behoeve van hun eigen concurrentiepositie."
Nederland loopt volgens de accountant "ver achter" wat betreft strategisch grondstoffenbeleid. In China, Duitsland, Frankrijk en Engeland en de VS staat grondstofschaarste hoog op de politieke agenda. De overheid neemt in die landen samen met de industrie maatregelen die verder gaan dan diplomatie, zoals voorraadvorming en "proactieve acquisitie".
"Duitse en Britse politici werken samen met ondernemers om grondstoffen veilig te stellen. Dat gebeurt hier niet", zegt een grondstoffenexpert van PwC.
"Grondstofschaarste moet hoger op de agenda. Bedrijven en overheden zullen intensiever moeten samenwerken en heldere rolverdelingen bepalen om deze tikkende tijdbom onschadelijk te maken."
© NUzakelijk/ANP
Talison Lithium also Updates Plant Expansion at the Greenbushes Operations
BeantwoordenVerwijderenPerth, Western Australia, May 10, 2012 – (TSX: TLH | US: TLTHF ) Talison Lithium Limited (“Talison” or the “Company”), today announced results for the third quarter of the 2012 fiscal year.
THIRD QUARTER HIGHLIGHTS
Record revenue and EBITDA2 of A$37m and A$12m, an increase of 27% and 90% y/y respectively
Net profit of A$8.2m resulting in basic EPS of 7.6 cents per share, a 112% and 100% y/y increase respectively
Construction of the Stage 2 Expansion of the Greenbushes Lithium Operations (Expansion) remains on schedule and budget with commissioning expected to be completed by the end of June 2012
Cash and cash equivalents increased to A$85.1m at March 31, 2012 notwithstanding continued capital expenditure during the quarter for the Expansion
Outlook remains positive, with early indications that global supply may tighten in FY2013
“Talison had an outstanding third quarter, with records achieved in sales volume, revenue and EBITDA.” Peter Oliver, Chief Executive Officer and Managing Director commented. “This exceptional performance, in conjunction with Talison’s strong cash reserves, positions the Company well for the future development of the lithium carbonate plant.”
Oliver continued, “Adding to our record quarter, I am pleased to report that the Expansion continues on-time and on budget as it nears completion. The increased capacity provided by the expansion will enable Talison to respond rapidly to changing conditions in the lithium market.”
THIRD QUARTER– FINANCIAL RESULTS
Revenue of A$37.0 million was generated in the quarter, a 27% increase from the third quarter of fiscal 2011.
EBITDA of A$12.0 million represented a A$5.7 million, or 90% increase over the corresponding period in the prior year. EBITDA margin increased to 32%. Increases in revenue and EBITDA were primarily driven by higher sales volume and an increase in average sales price.
Net profit and earnings per share for the third quarter of A$8.2 million and A$0.076 were respectively a 112% and 100% increase on the corresponding period in fiscal 2011.
Cash inflow from operating activities for third quarter of A$16.3 million, was A$8.1 million higher than the corresponding period in the prior year due to increased sales revenue.
Cash and cash equivalents at March 31, 2012 increased during the quarter to A$85.1 million notwithstanding the ongoing capital expenditure of the Expansion.
Lithium miner betting on smart phones
BeantwoordenVerwijderenJoshua Zapf | June 27, 2012
Lithium, a key component in any portable electronic, has a bright future according to MarketResearch which "forecasts the Lithium battery market to quadruple to $43 billion."
Nova Mining's main commodity is lithium and therefor it is keeping a close eye on the battle between Samsung Galaxy III, out this week, and the iPhone 5 which is expected to arrive this fall.
The lithium market, which has been moving in leaps and bounds, is conditionally correlated to the tech market. And, with the recent boom in iPad sales, the necessity of cell phones and the expansion of electric cars, lithium seems unable to fail.
“Given what we have seen the iPad sales boom do to the Lithium market, we believe that further releases of revolutionary products from Apple will exponentially escalate lithium prices and place even more critical demand on the valuable mineral that is the main ingredient for long-life batteries,” said James Dilger, Nova Mining President, in an interview with Business Wire. “I feel we are positioning Nova Mining to reap great rewards from these influences on the lithium market.”
Talk is currently revolving around how Apple will crush the competition, namely Samsung's Galaxy III and Google's new tablet, with the iPhone 5 and the poorly understood plan for Apple TV.
In a press release last week Nova Mining outlined its intention to purchase exclusive rights to the lithium produced from three different projects currently owned by Mongolian National Mining Consultants.
However recent litigation, as Bloomberg reported, has had Mongolian lawmakers approve a law "requiring parliament to approve deals in which overseas investors hold more than 49 percent of the equity and for transactions exceeding $75 million in strategic sectors, including mining."
With the litigation halting Mongolian coal mining it is likely that Nova might have to fight tooth and nail for those lithium rights.
Rockwood buying Talison Lithium in $732M deal
BeantwoordenVerwijderenChemical maker Rockwood Holdings buying Talison Lithium in a $732 million deal
Associated Press – 2 hours 52 minutes ago
Symbol Price Change
TLH.TO 6.42 2.18
PRINCETON, N.J. (AP) -- Chemical maker Rockwood Holdings is buying Talison Lithium for $732 million in order to strengthen its lithium business.
"This acquisition will enable us to better serve both our existing global customers as well as Talison's current lithium concentrate customers in China and the rest of the world," Rockwood Chairman and CEO Seifi Ghasemi said in a statement on Thursday.
Based in western Australia, Talison has operations there and in Chile and produces lithium used in batteries for consumer electronics, electric bicycles, buses and passenger vehicles.
Rockwood will pay $6.50 Canadian dollars ($6.58) per share.
Talison currently has about 108.8 million outstanding shares, according to FactSet. Rockwood Holdings Inc. said Thursday that it plans to finance the buyout with cash on its balance sheet and new debt financing.
Talison Lithium Ltd.'s board unanimously recommended the deal to shareholders. The company's stockholders must still approve it.
Earlier this month Rockwood reported that its second-quarter net income more than doubled, but the Princeton, N.J. company's revenue fell due to unfavorable currency exchanges.
Een zeer onverwachte en welkome verrassing voor mijn portfolio...!!
VerwijderenDankzij het bod stijgt de koers met ca 50%.
Ik ben benieuwd of er nog een tegenbod komt op dit behoorlijk unieke bedrijf.