REMINDER: Our user survey closes on Friday, please submit your responses here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
SP firming up a bit recently but just need to clear these sells that must be cashing in on 10-15% profit from the recent lows. I think by end of June we'll be a lot happier.
Yes I know the timetable but I would have thought anyone with designs on taking out Atlantic before production would want to see who would be in government beforehand ..similarly Piedmont has the proviso on their deal with Atlantic that subject to all approvals being granted..Ramon I have no more knowledge than the NDC requesting more information about the previous landowners and the 4 ish per cent payment but I cannot remember what it was 4% of and if it was legit anyway..my thoughts on the political situation I highlighted earlier
Not2sure, Neil commented on ratification being this quarter in the last interview he did and GSE set up was a pre-requisite, once GSE is up an running should be passed to the Parliament to ratify. Elections are not until end of the year, so not expecting any issues, but would be good to get that done asap
And you, Not2sure, what is your knowledge on he current state of political play in Ghana at the moment? Have you heard any noise from the NDC on this matter, since early December, when they actually found out that the owner of the land where the Ewoyaa project is based (and with plenty of interest on the project) is related to the NDC?
Wink , what is your opinion on the current state of political play in Ghana at the moment..I for one would dearly love for the licence to be ratified and the current New Patriotic party to be reelected in the upcoming Ghana general Election. However it is very finely balanced at the moment with the NPP and NDC both on 137 MPs with 1 Independent total 275. Needless to say the NDC is none too happy about the Lithium licence and may have something to say about it if they get into power..ie if it is indeed ratified..I personally believe this uncertainty is weighing heavily on the sp !
Swest, I think you could be right
Not sure PLL have the will for a complete T/O. I think they have enough going on stateside.
imo keep an eye on the as yet unidentified off taker. If we get 100mill from the offtake, then I think they could well have something to say. Someone like BYD have the pockets ..
Personally I think EU OEMs like VW and others are missing a wonderful strategic opportunity in plain sight, but I accept that ship appears to have sailed ..
I can quite see once the Licence is ratified and GSE is live with the various investments received that it will be then either Assore, Piedmont or other swoops in with a bid, certainly before production starts, as they will then have certainty from Ghana not to stop the project
MIIF shares were at 20p and listed LSE/ASX. Ghana investors pay secondary market price and transfer to GSE. No new issue shares with GSE listing.
Aha - thanks Horult hopefully that solves it.
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 less than US$1,000/t mean that some lithium operations close down or future projects are put on the back-burner. Atlantic are fortunate that their AISC will be one of the lowest in their industry circa US$675/t and can comfortably operate profitably at US$1,000 levels.
If supply dries up and the price of lithium again rises then Atlantic will be even more profitable and dare I say it, even more of a take over target.
With the GSE listing being done at 20p, should we expect the AIM price to head back there?
Coincide with GSE listing?
Hint do not use less than or greater than signs....
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,
Sorry LSE is playing up this morning and truncating my response - see if this works.
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
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....
😋