The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Potential SP movers:
-Assore 33p+ bid
-MiiF $28MILLION paid in
-ML to be ratified
-$70-100mil offtaker announcement
-Ghana listing complete
Don't wanna say it's a leak but basically there's plenty of news due this quarter that can cause sudden buying like we've had this week.
Finally??
Things to happen before project level company shares are finalised (i.e Barari DV): Piedmont fully pay their share of capital costs, MIIF (Ghana) buy in, Ghana takes their free carry.
Once above is completed, project ownership will be as follows:
Atlantic Lithium 40.5%
Piedmont Lithium 40.5%
Ghana (incl' MIIF) 19%
After Piedmont gets to 50%...... Is it Atlantic owns 45% of the projects (after 10% free carry split 5%) and Piedmont 45% of Ghana and 9.5% of Atlantic (is it just for this project or all other areas not yet drilled/studied)
Or Atlantic 90% of project and Piedmont a 50% shareholder in Atlantic
Option one at 45% post tax gives Atlantic circ £540m NPV at $1500 ave spod prices, so at current what maybe £375m NPV based on a Mcap of £125m??
I would guess for production.
Personally, here waiting for another bid.
Would I grab profits and sell? Rather depends on the terms of the bid. If a major mining company offered cash or shares I might consider the latter.
Whenever in suit, something important just around the corner!) I've noticed this trend. Looking forward to all the news
I went through the new presentation deck last night. Nothing really new but I thought it was really good. Very compelling case in my view, but I would say that! Lots of news flow coming up, any one of which could light a fire under the share price. It certainly needs it.
In my view, the listing, the ratification, and the MIIF investment are all intrinsically linked. As soon as one lands, it validates the others. I thought the same after the first MIIF investment but my timing was clearly wrong. Not sure when any of these will land, but once one does, the others should follow in quick succession. The main reason for thinking they are linked is that if only one doesn't happen the whole thing falls apart. Without the listing confirmed, we won't get ratification as that is a condition, without the ratification we won't get further investment from MIIF. Although the formal listing could actually happen later, but as long as they have the process confirmed, ratification should not be held up.
Then onto permits and financing which are also only a few months away!
I topped up recently, and am now maxxed out. Fingers crossed!
JL
Lol cheeky post🤣
Sairfect - 100% agree. Been watching this for a while and suggest the mm's are building stock for the Ghanaian listing.
Had a fill or kill buy order in all day yesterday for 19.4p which wasn't filled. Bought 59k this morning at 19.325, but there's very little movement on bid/offer.
Maybe both as not so much of a gamble for them, far better odds with these two factors
Investment I would think.
Cannot see this RNS
What do you guys think?
Fidelity International Ltd. Now holds 3.7% around 24 million shares...welcome to the top 20 shares holders!
It’s somehow sticking below 20p - and I have a feeling it will remain here until the Ghanaian listing…
Dunno how that’s done (and I’m not one for conspiracy theories!) but you’d think it would be far higher ,or at least more volatile, given what we are all expecting…
Fantastic to see Piedmont flying
https://www.google.com/search?q=piedmont+stock&rlz=1C1CHBF_en-GBGB1004GB1004&oq=pied&gs_lcrp=EgZjaHJvbWUqDggAEEUYJxg7GIAEGIoFMg4IABBFGCcYOxiABBiKBTISCAEQLhhDGIMBGLEDGIAEGIoFMgYIAhBFGDkyBggDEEUYQDIMCAQQIxgnGIAEGIoFMhgIBRAuGEMYgwEYxwEYsQMY0QMYgAQYigUyEggGEAAYQxiDARixAxiABBiKBTIMCAcQABhDGIAEGIoF0gEIMTE2M2owajeoAgCwAgA&sourceid=chrome&ie=UTF-8
Though it has yet to translate to the ALL share price, it's ultimately very good for us to see them get approval and for their market cap to correct up 50% from the lows.
Meanwhile we have a heck of a lot of news due, the most since the company has been listed in a short space of time. Fingers crossed the first big bits and pieces start to trickle in very soon.
Piedmont marked up 3 dollars already and our bid stays firmly at 19.02 p where it seems to have been for soooo long...
Expecting this massive offtake news at any moment now
PLL has announced this morning that it’s received its all-important mining approval for the Carolina lithium project in North Carolina.
“We plan to develop Carolina Lithium as one of the lowest cost, most sustainable lithium hydroxide operations in the world, and as a critical part of the American electric vehicle supply chain,” PLL boss Keith Phillips says.
“The project is expected to contribute billions of dollars of economic output and several hundred jobs to Gaston County and North Carolina’s growing electrification economy.”
In mid February, the lithium big gun hit the news after it announced the sell-off of its shares in Canadian lithium producer Sayona Mining (ASX:SYA), which has been smashed this year so far, down 46% YTD.
PLL said at the time that the decision to divest the SYA shares aligned with its commitment to “maintain a prudent balance sheet while simultaneously minimising dilution of PLL shareholders”.
This should help our share price today. 20p anyone?
Certainly does stir some excitement :)
Thanks PD101, can't get any clearer than that....GLA
I think he was being conservative by saying Q3, there has been a couple of dates banded around by Amanda I think it was maybe she was getting excited that have passed at least this way we avoid disappointment..