George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Multiple fat fingers today!
LOR
Hi Just brought in here, not a lot at this stage but looks to promising not to invest something
.
''Spodumene, as well as petalite and lepidolite, are important lithium minerals that are used in the production of ceramics, enamel, and glass. Two transparent and highly colored varieties of spodumene are used as gemstones: hiddenite, a yellow to emerald-green stone, and kunzite, which occurs as a pinkish-lilac crystal''
Our ace in the hole
GLA
Fwiw my take is every thing takes time particularly in politics..hopefully the ratification vote does come in the coming quarter and everyone in the ruling party toes the line as the number of members of Parliament are finely balanced at the moment in Ghana..subsequently I hope the ruling party also win as there are murmurings from the opposition that they are not happy with the terms of the deal to say the least but a lot of that could be the usual finger pointing and gesturing that you get with most political parties.. get the ratification out of the way and finance forthcoming from Piedmont ( hopefully no hiccups there ) and we should be out of the woods and onto a bit of a highway so to speak !
Selling at this stage, no chance, reiterate my first sentence
Its a valid concern (to me), but its outweighed by the positives
Nothing is a 'no brainer' (hate that term), objectivity though is good
We wait
Swest if you think that then sell?
The board has thus far delivered a heck of a lot of progress and they're telling us this quarter beginning next week they will have all permitting done, the final offtake done and miif investment done. I'll let them deliver on these components of the overall project.
Cash wise the company isn't exactly spending much, just a bit of drilling and admin for permitting that's finishing up and with money continuing to come in from both Piedmont and MiiF they confirmed in the new q&a and shortly the big bucks from the offtake.
I feel very good odds of a 3rd improved bid coming in shortly so I'm holding tight.
There are so many positives here and I won't go on to list them again because its been amply done
My concern here is riven from the fable of Achilles
What exactly is the timetable for the Government, 'Q2' is just us/ALL saying . Someone on here said something recently about the elections in December and we being used as a mere pawn, a football. It struck a chord.
Theres a deathly silence around the specific subject of timescale, are we in a queue, is that queue published. No.
With sincere regret, I'm not sure thy know what they're doing.
Great optimism and caution all in one for me. I have no doubt whatsoever about the Project, but if we're sitting her awaiting for an election in Dec, secondary consequences await, including another raise ..
If anyone has hard data on the ratification debate or vote timescale please post
Spodumene up again and last trading session today before the news rich Q2 kicks off next week. GLA.
Just because it went to 70p during high Spod prices doesn't mean it would get that in a takeover at bargain basement Spod prices.
I'd take 50p and sorry to those with a higher average price. I averaged down from 35p to 24p as I'm long term anyway and am happy to pick up cheaper stock if its available to lower my average price.
All time share price was like 70p so really this should be the minimum price paid for the asset. 40p far too low.
Remember will be not only one of the lowest cost producers in the world but also highest output at 365,000.
Resource upside is also very significant.
Agree each to their own. A 100% return at these levels in the space of a few months, very nice thankyou why not cash in.
Ratification imo is acting like a handbrake on the sp. That needs to be cleared up so that the other catalysts can have full effect, if and when they all happen.
Plus a keen eye on the daily spodumene price. Got the jitters yesterday when it fell slightly but glad to see it rose again overnight and is just short of $1100/t now.
1300 encouraging, we make a pretty margin at that, of course we have a mine to build first (!)
If they can just ratify, it appears fair winds lie ahead for us .. Assore aren't stupid, hence the bid, if they could scoop us up down here what a result for them ..
Encouraging, thanks for the link. An expected listing would be useful so hopefully the GSE will keep us updated.
Hi Swest, check out the spodumene auction yesterday where it sold for $1,300 hence why the price is still going up.
https://x.com/SharesChat/status/1772727069564182637?s=20
In short lepidolite is a short term solution that was needed to plug the supply deficit quickly. But it's less than ideal.
The processors would much prefer spodumene and I believe going forward it will continue to fetch premiums.
As you point out ALL is positioned well. If prices go up the company makes a killing. If they go down it survives, others shut up shop and gets a bigger slice of a growing market.
In terms of development I am very positive. Q2 is next week which is set to be newsflow rich.
Ghana listing sounds about done: Https://gna.org.gh/2024/03/atlantic-lithium-limited-in-the-process-of-being-listed-on-the-stock-exchange-gse/
Offtake and ALL remaining permitting to get over the line this new quarter.
Citi and GS predict sell predict sell into this mini rise as large surplus looms over next 2 years and prices back down, your view ?
I'm on the fence, don't know how to call it, GS called it right before for the wrong reasons ..
After 2 years, which is where we come in, consensus seems to be back to deficit
On another positive, Lepidolite seems to shut up shop on cost at spod sub 1200 or something like that, maybe higher
As for us, we are termite like, with Feldspar premium we can survive AISC under the ashes when many many players are dead
Spod up + US$18 last night = + US$6.57MIL future revenue pa.
Great find. The listing will make a splash on their markets and so should see a few whales build a position.
At 550p I confess any buyer would receive my full attention :)
(TBH at a quid 'Mrs sw' would have taken more than a 'passing interest' in her ISA, but thats another storey ..)
GL, ball sits with you Ghana I believe, don't mess it up ..
As per the new interviews, Neil expects all permitting to be complete in Q2 which kicks off next week. Not just the ML ratification, but also EPA and whatever else as all has been done in tandem.
Anyone else notice there is a Ghanaian election in December.... We aren't far off a time where ratification gets postponed till after an election.... I really hope that doesn't happen don't want that to become a political football....
I agree, been topping up in the late 18s and 19s, feels like the right thing given the amount of positive news on the horizon (hopefully). But only time will tell. Either in or out now. I’m in for the long term, fingers crossed! GLA. CJ.
If you can be bothered to wait then it'll be pounds rather than pence. But no doubt traders will take 40p if offered.
I'd rather wait 18 months and reap the true value of our asset.