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Thanks for your insight , with regard to ‘banging on about being an Australian company’ perhaps that’s to appeal to their new Australian audience? Maybe the Australian’s will be more interested in the company if they know it has Australian roots? Nothing more sinister than that perhaps?
If a company delists from the LSE/AIM etc ,its a real irritation for private clients.The company ordinarily states that stock held in different markets is fungible but the practicalities can be onerous.Firstly,most UK brokers aren’t set up to deal in Australian securities so you have the logistical difficulty of taking ASX listed stock as a substitute for LSE listed equity.Secondly,the Inland Revenue will regard ASX listed stock as a different class of equity from the sterling denominated LSE listed stock for tax purposes.Thus,despite reassurances from companies delisting from the LSE that life will continue as normal,it won’t!In effect,most private clients are simply obliged to close out their position before a company ceases trading on the London Exchange realising a profit or loss.Unfortunately,there are precedents of Aussie miners delisting from the UK.Medusa delisted from a main board listing in 2014 and relied upon the ASX as its primary listing.It cited a lack of dealing in the UK as the reason but ,it was probably more a question of the expense of maintaining a UK listing.Even an AIM listing can cost hundreds of thousands of pounds annuallly,a burden to a company that loses money albeit Medusa was actually profitable.I don’t think Atlantic will delist from AIM in the next year but when they start banging on about being a Australian company ,you should be alert.
Re the point made by Steeplejack..........what would happen re private investors LSE stock holding if ALL did decamp to purely an ASX listing ?........I have no experience of this but curious to understand others thoughts and the likely steps required to safeguard one's investment ( especially if current wrapped up in a UK ISA)........thanks
Very good post Sharketmare.
I don’t have reservations about Atlantics prospects as such but i do have niggling concerns about the way the management and associates conduct themselves.That early April statement stating that Canaccord were sifting through a plethora of enquiries to get involved in Ewoyaa.Have we heard anymore?Also,this ASX is being facilitated by a sell down of existing holdings.These parties are letting stock go at near half the price that the stock was trading at 6 months back.Very generous of them if that April RNS about bidders in the wings is to believed.There’s no point speculating why existing holders are providing stock for ASX holders.Its happening and these are ‘insiders’ as they are referenced to in the USA and theyre closer to the action than we are.Something rather ‘tricky dicky’ here.I would warn that this lot could decamp to an ASX listing at a future date.I’ve seen it before with these Aussie miners and it makes life very difficult for private clients with LSE listed stock.
thanks for the feedback both
SM, I'm glad u mentioned the resource, as the its the resource, the value of, ultimately which underpins my faith, beyond share options and the like. Also agree, we don't know peoples personal situations.
May not here much more form me now before news, I think the choices are now laid out for everyone to judge.
Just personally not sure theres a lot more to say for ref ALL micros
likely speak some time after Sep 8th. Obviously we all keep an eye on ever relevant Spod market and wider macros in the interim. GL
Not exactly true there swest..Len through his wife holds just over a million shares..in addition he acquired 1350000 option shares notified by the company recently on the 11 Aug..admittedly he did not pay anything for them but he also has the option to buy a shed load by the end of the month the options that were extended from 24 june 22
Always happy to discuss anything about the stock. I found the 34p pricing to be disappointing and would like to know how it was calculated. That said, I expect the stock to push back up to its highs - our resource is expanding and we are derisking it, step by step. The outlook for lithium is still positive and the green energy transfomation isn't going anywhere soon. It will be an industry supported by governments the world over.
As for the van Oosterwijks and the Mascolo Estate selling down, one thing we often overlook as investors is the fact that there are real people behind these decisions with real lives.
I have no idea as to the financial situation of Len and his wife, no idea whether this is the first time in his life he's earned substantial sums of money, whether he has 3 children he wants to put through a top private school, whether he wants to buy a holiday home in the Carribean.
The same can be said of the Mascolo family, who I'm sure will have someone (e.g. a financial advisor) helping the family manage its affairs after their tragic loss. Financial advisors are risk averse, and their exposure here as a % of Vince's Estate will not be inconsiderable. I believe his daughters still have considerable shareholdings and would not be considered part of his Estate. They seem to be holding.
Ultimately it comes down to trust and whether you trust management and the BoD are acting in good faith in the interests of all shareholders. Having been invested here for some time and reaped the rewards of the company delivering against its promises, I'm going to stick with them and give them the benefit of the doubt.
Hi SM, It's probably getting to the stage where the talking dies down until the action starts. As I say, everyone must make their own decision and gl to all.
I want to just ask you one last thing if I may then close. What's your take on Len and his family selling, not taking options, and lack of apparent skin in game, Vincent Estate selling large at 34p. Lens activity in causing concern to some on Tele. You sound like it does not unduly concern you, if not why please. Genuine question.
as far to say*
Hi swest, whilst I wouldn't go as far to as I'm a 'no brainer', I still struggle to see much of a downside to this stock, bar a black swan event.
I think the ASX listing has been priced relatively cheaply (possibly tied to a weighted average here) so that the first few days/weeks of trading are positive and see the stock re-rate to where it was a few months ago. Better to price it modestly and watch it soar - you'll attract more interest. I think the PFS will be published after September 8th to create a good buzz with investors in APAC. I don't think that releasing potentially transformational news in August is a particularly savvy move.
So many positives, yet being brutal, the sp is still not acting like its anticipating some seismic event
There are reasons, dgr being one, they've been well explored here and elsewhere.
Personally I'm comitted here win lose or draw, but there remain some confusing signals, that even as an ardent supporter, I must acknowledge, skin the game, BOD sells, not takin up options, extending options all spring to mind.
End of day one makes a decision and goes with it. I've made mine but understand anyone who takes a different stance.
In fairness there only seems to be sensible souls left on here, the 'no brainer' lot are elsewhere
I think this ends well, but it requires thought, based on research.
As Q3 marches on, we haven't long to wait ..gl
swest - exactly. I see their SP recovery as, in large part, a vote of confidence in their model. As you rightly point out they have been using ALL's Ghanaian feedstock supply as a key part of their strategy and the market seems to like it. As a result I remain confident.
DrJ,
I note one point you remind me of, its important. PLL 'need' us to succeed.
They've put out to wider market that the 'Ghana operation' will feed LHP2. Its a definitive, clear statement of intent, unambiguous. Its 'all in', if Ghana doesn't happen for them, they know they will have to explain where they're feedstock is coming from, and they're working in a very savvy environment; with so few mines, you can't fluff your way of that. Theres is no comparable available 'gear' available elsewhere.
KP need us more than many think. GL
Looks to me the common factor with the size of the Li stocks recoveries since the risk-off pullback is strongly correlated with where they are listed. Suggesting a very large part of the recent money coming into the big risers is short term speculative trading.
The value here remains. A gift presently for those position building. Perhaps not for the impatient.
+++++
On peidmont aisi it's pretty simple: higher PLL MCAP > easier to raise cash > quicker/more certain LHP2 build > quicker/more certain earnings for ALG and so Atlantic.
No only are PLL a reflection of the health of the Li market, their fortunes are linked to ours - PLL need our Li, they need ALL to succeed and come to production asap with low cost and large reserves.
It is frustrating to be lagging the post-GS note recovery in Li stocks but I predict the ASX listing and PFS will get us moving. Patience required.
In the meantime I monitor PLL - they are relevant.
I agree SharketMare that "That does not mean our share price ought to rise in line with theirs" But I do not agree with "at all"
The factors (macro) that appear to be common with the wide range of "Lithium/(Linked) Companies and affect the valuations (including the damning article from GS)....affected the whole market......and my recent analysis posted here showed most have recovered at the very same rate on average as Piedmont over the last 5 weeks. (between 60% and 150%...averaging 100% +
As our resource size increases so does Piedmont's and their supply....their success and (indeed re. building our processing facility etc)...is indeed linked to our success and demise in the short term.....e.g. they pull out? e.g. the cost exceeds their input and we both have to slit an extra £50m Capex?
We shared the pullback with the others...but not the recent 5 week recovery....and with our increasing resource size( apart from our other anticipated news)....there is little reason for this....other than DGR and others and volume...all of which should be short term. IMO.
But no obsession by me with Piedmont....but due to the tick ups you received it would appear that you would rather see a blank sharechat box here...rather than any performance to do with Piedmont or Peer companies.....perhaps that extends to other articles concerning "lithium"....so fair enough...I'll leave you all to DYOR.
It will certainly save my time.....but I will personally continue to follow all news i consider relavent.....I like to be informed...but we're ALL different!
GLA
I don't understand this obsession with Piedmont's share price. We are not Piedmont. We are a mining exploration company that does not generate any cash (yet). They own 50% of our core asset. That does not mean our share price ought to rise in line with theirs, at all.
Piedmont Lithium saw a welcome improvement to its Relative Strength (RS) Rating on Monday, with an increase from 83 to 92. When looking for the best stocks to buy and watch, keep a close on eye on relative price strength. IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score.
Closed slightly up again
Piedmont Lithium Inc. (PLL)
NasdaqCM - NasdaqCM Real Time Price. Currency in USD
67.30+0.60 (+0.90%)
At close: August 15 04:00PM EDT
67.83 +0.53 (+0.79%)
After hours: 07:56PM EDT
May soon reach their high at $78.......our turn soon?
PLL pretty staggering of late
All I can say is surely our time again will come, soon, even with the dgr situation
it's 100% gain in 5 weeks....for now!
Piedmont Lithium Inc. (PLL)
NasdaqCM - NasdaqCM Real Time Price. Currency in USD
66.22-0.48 (-0.72%)
As of 11:36AM EDT. Market open.