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EarEyeAm,
Yes that is the case, lithium has a history of being both the best and worst performing industry metal.
Supply and demand, low prices say
EarEyeAm,
Yes that is the case, lithium has a history of being both the best and worst performing industry metal.
Supply and demand, low prices say
Chislehurst,
Thank you.
Looking at this longer term one I just found it goes with my memory of much higher prices last year when I bought in here, when Spod was $3800 I think. So it's up a little bit now, but still down 75%(??) on a year ago.
3rd chart on the page
https://www.marketindex.com.au/news/chartwatch-pilbara-minerals-probes-key-resistance-as-lithium-futures-eye
Spodumene Concentrate (6%, CIF China)
Price: $1,143.00
1 day: $8.0 (0.7%) 📈
How is the Spodumene spot price doing? Isn't that what's been keeping valuations down? That and the general lack of interest in UK listed stocks?
I think RangeRover makes the crucial point....we need the o/take agreement b4 a re rate. ALL are VERY sure of it, but the market wants to see it in B&W.
Once that is in place and funding assured, we're off to the races.
This is not quite a correct comparison
Both are undervalued and I'm in both. However, KOD has a mining licence, is fully funded and only months off first production
There is no doubt we should be in the 30s now and £s is the end point
Wow MRE upgrade now coming around June!
*2 x Resource upgrades to come as per the investor call
*MiiF $28MILLION to come
*ML to be ratified
*$70-100mil offtaker announcement to come
*EPA permit to come
*Feldspar report to come
Wildcard: Assore bid.
Indeed the Dog-leg are great news. All could be a nice little gem in 2024 on Lse
All good news....
😋
"High-grade and broad extensional drill intersectons reported at the new Dog-Leg target, outside of the current
35.3Mt @ 1.25% Li2O JORC (2012) compliant Ewoyaa Mineral Resource Estmate1 (“MRE” or the “Resource”),
including highlights at a 0.4% Li2O cut-off and a maximum 4m of internal diluton of:
GRC0177: 27m at 1.85% Li2O from 126m
GRC1059: 15m at 1.08% Li2O from 126m
GRC1058: 8m at 0.93% Li2O from 88m
- Results at Dog-Leg are significant; drilling has intersected shallow dipping, near surface mineralised pegmatte
bodies with true thicknesses up to 35m outside of the MRE1 , proving potental for significant resource growth.
- Assay results reported include a total of 3,177m of plant site sterilisaton drilling completed, as part of the planned
2024 programme, with no mineralisaton intersected, providing confidence in the proposed plant site locaton.
- MRE upgrade, for both lithium and feldspar, to incorporate all drilling completed in 2023 and so far in 2024, now
targeted for mid-year."
https://www.asx.com.au/markets/company/A11
Https://youtu.be/57diWA7n4to?si=3Q79nNWcRSo8BLzF
Way things are going China offtaker has to be the right decision for Atlantic. Despite the scepticism and lobbying the world is going ev.
Hi Swest42 and all other holders.
No doubt we are entering a very exciting time for Atlantic Lithium, very much make or break in the run up to FID.
I'm tempering my excitement until the outstanding ratification is issued, this for me is the most important thing right now and given it is more than 6 months since the ML was issued is a slight concern, although the GSE listing must take place before issue.
I am a little unnerved by Len's departure soon after Aaron also leaving...and so near to Mission Accomplished 🤔 just isn't sitting well with me. No doubt I'm reading too much into this but it is a curve ball none the less.
Let's hope the milestones continue to be knocked down (as Neil said) and the government lend their full support.
GLA DYOR
Comments from Land ministry along lines of get ready for China investment on green critical minerals.
Joining a few dots, visits to Asia, the 5 in the offtake contain an OEM, I happen to think our off taker is quite possibly BYD. If it is, then with PLLs route to Tesla, will be very robust indeed here. It could be considered fantastic. Of course, I said if..
Let's hope those investment and pension funds pick up a few. Perhaps there will be a slight tick-up in price as there is no selling pressure originating from Ghana, just buying, as funds take up a position (if they fancy it). There aren't many stocks on the GSE and the exchange is comparatively young, but Atlantic Lithium will stand out as a premium stock.
Ideal thanks, that makes sense. Cheers
Grolly...Ghanaians will have to use a stock broker to purchase shares for them. The SB will purchase the shares from AIM or ASX. Most shares will probably be bought by investment and pension funds. The average salaries are low at about £300 to £400 a month so it's unlikely many Ghanaian citizens will afford to buy shares.
I don’t understand where the shares are coming from ? If there’s to be no effect on London or Sydney they must be privately held ? From the board ?
It's a condition of the ML...can't see any meaningful uplift from GSE in the short term..look at ASX nothing burger at the moment..only offtake and ratification will do it IMO...any delay on those and we could be going down not up...I've held for over 4 years, by July these need to be in the bag...its Africa but Ghana..don't assume anythings in the bag but we are still on track...DYOR GL
Less shares held on AIM, long term Ghanaian shareholders and pension funds picking them up instead of manipulating traders hopefully.
Atlantic Lithium will not place or issue any new shares in connection to the GSE listing, nor will it impact its AIM and Sydney listings.
I take it we’re just hoping this greases the wheels and allows other procedures to take place ? Even when it lists in the next fortnight does anyone see a meaningful bump and if so why ?
"Next 10 days" - nice to have a timeline on it. Hope it doesn't get delayed as that is a big milestone in my book.
JL
Https://www.voxmarkets.co.uk/articles/q-a-with-atlantic-lithium-executive-chairman-neil-herbert-f5301b2/
More details about GSE listing from Neil.