ISSUE #3
VOLTAIC ERUPTS
MICHAEL WALSHE TALKS OUT OF TRADING HALT
MORE TONNES FOR GREENTECH METALS
NEWSLETTER 14 MAY
03
ROYAL LIZARD SPIT
The Lizard King is back to his reptilian best, spitting his rotten, stinking, infectious saliva on all the issues he is entirely unqualified to speak on.
VOLTAIC SHOCK
f you were asleep on Tuesday, you might have missed the significant event of Voltaic’s eruption on ASX. We have the details from the VSR leader following the earthquake
MARKET OPEN(ED) BRIEFS
arket Open(ed) gives the short of GreenTech, Forrestania and Brookside’s banging news this week!
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CONTENT
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THE LIZARD KING
It has been a tough few months for lithium explorers, no longer grabbing a new all-time price every day like yesteryear, but hit an excellent, tasty strike, and they will all come running back.
Like I had always known it would, that is precisely what happened to Voltaic on Monday, and we can keep our tears for the energy crowd as the federal government push ahead on a tax overhaul for gas companies.
A merger between global lithium powers Allkem and Livent signalled intent on Australia’s hard rock lithium assets. The WA treasury has remarked that demand is heading only in one direction – so chins up, boys! Shares barely shrugged at the federal budget, and I am certainly perfectly capable of losing the Lizard Queen’s spa money on speccies without Albanese’s involvement.
Investors still seem optimistic on no more rate hikes, which to me signals to me they are an almost-certainty.
The ASX All Smalls jumped up through the week, a percentage gain means more for the big boys, but they will never know the excitement of claiming 300 per cent winnings as your shares go up by the tiniest fraction of a cent.
IG market analyst Tony Sycamore was slightly concerned about the US debt ceiling.
“If the US government were to fold, it would be an extremely apocalyptic moment for the market,” he noted. Do you reckon?
If that happens, I might have more to worry about than my portfolio, but I will undoubtedly be ready to praise whichever glorious, reptilian, overlord takes its place.
VOLTAIC ERUPTS Rueben
Hale
On Tuesday, Voltaic’s stock price skyrocketed after news broke that it had discovered several large pegmatite bodies, some up to 60 meters thick, at its Ti Tree lithium project in Western Australia.
For those of you who happened to have been asleep for the entire day, the news captured the market’s imagination with the possibility of scale potential of 300 mapped pegmatites from the surface with only a fraction of the tenure explored to date. By mid-afternoon, the micro-cap battery metals explorer’s shares had risen 300%. Market Open can confirm Voltaic’s capital raising had a phenomenal response the following day, receiving firm commitments with a large chunk coming from institutional funds for a two-tranche placement of new shares at 5c per share to raise gross proceeds of $7.2 million (before costs). Voltaic boss Michael Walshe could not hide his elation at the outcome understating the stamped of subscribers as ‘solid support’ from new and existing institutional and sophisticated investors and, most hearteningly, its directors, management, and management employees of the company itself.
“There has been a surge of interest in Voltaic since our announcement in Ti Tree,” Walshe reports.
According to Walshe, this has been a game-changer for our company. The sudden influx of attention has been overwhelming, and there are now more eyes on them than ever. “Now we’ve got a different level of eyes on us, which has just been crazy!” he adds with a hint of exasperation.
“The irony is that less than a year ago, when they were trying to get started, it was tough to get a meeting to now having investors from across the globe beating down our door,” he says.
“I’ve had about six calls just today from resources funds in places we would never have heard from, such as New York and Los Angeles, claiming to have funds available for our type of highly speculative exploration.”
On Tuesday, Voltaic’s stock price skyrocketed after news broke that it had discovered several large pegmatite bodies, some up to 60 meters thick, at its Ti Tree lithium project
in Western Australia.
“I had another guy from Singapore call up … and they can be grilling you.”
It is exciting news for those eagerly anticipating updates from Ti Tree’s maiden exploration - the latest assays, especially those from the Ti Tree site, will leave investors eagerly awaiting the next chapter.
So, what’s the plan – Mike?
The proceeds will rapidly advance our Exploration Plans at our Lithium & REE projects, particularly at Ti Tree, where we are fully funded to fastrack our ambitious plans. Most of the funds will be put into the Ground.
We aim to expand our operations at the Gascoyne projects, which means expanding the team, acquiring additional equipment, and undertaking more extensive programs as we progress. The next steps at Ti Tree involve several surveys, including airborne magnetics / radiometric, photogrammetry, gravity, and soil sampling. These programs should significantly increase the number of ‘priority 1’ drill targets at Ti Tree and ensure several months of highly active and material news flow over the remainder of 2023.
Our ‘first pass’ preliminary drill targets were selected due to favourable access. They will now provide essential geological information for subsequent ‘priority 1’ targets in the Leake Springs Metamorphic schists along the extensive 80 km long Volta Corridor, which contains Delta Lithium’s Yinnietharra Lithium Project where a 90,000m drill pro-
OPEN(ED) BRIEFS
MORE TONNES FOR WHUNDO
On Tuesday, GreenTech announced a 100-meter copper-mineral discovery at their Yannery prospect in Western Australian Pilbara. However, despite the new potential it offers and the addition to their already substantial copper tonnage, the market did not respond positively this time. This is in contrast to last week’s news of a 21-meter copper discovery at their Austin prospect, which caused a 164% gain in the company’s share price, reaching a close of 22%. The company’s share closed on Friday at 16c.
FORRESTANIA MOVE ON CANADA
In March, Michael Anderson became the MD of Forrestania and promised to make the most of the company’s existing assets. Recently, the company has been doing well, thanks to his efforts. He also promised to stay proactive and keep exploring new ventures. Last week, he surprised investors by revealing Forrestania’s partnership with ALX Corp to explore thousands of hectares of land in Quebec’s James Bay region for lithium. This move into Canada is a bold one for the Western Australian company.
BROOKSIDE LEADS WOLFPACK
Brookside Energy remains undervalued, according to Morningstar. But how long have they been building their inventory of 20-odd wells in Oklahoma without raising money to do it for now? David Prentice’s well-oiled machine (pardon the pun, Dave!) has become as efficient in building oil wells as Ray Kroc in building Big Macs in the 60s. Brookside set a new flow record this week, with a 2034 Barrel of Oil Equivalent a day IP24 rate from Wolf Pack, the most recent flowing oil in the Anadarko Basin.
