The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Now very much looking that way here (and eg 2nd large hold svml). It has taken a long time to get through the pain but now pretty solid that the Development to Production part of the cycle is on.
Management's have played these well aisi
Hold and add imo.
GLHs
A11 up 2.27% to 45 Cents on ASX volume 300,000
A11 +3.5% on ASX last night, 2024 Year high...wonder if the Feldspar Report will drop soon 🤔 or offtake agreement 🤝
My guess is once epa has landed and a quick turn around. To me that’s the only outstanding objection anyone could have. Everything else has been done? EPA (from memory) was stated to be next month from one of the ministers.
I am the opinion, just opinion, that offtake is next week, with a caveat 'subject to full permits and rat'.
I believe its accurate to say no-one knows date for rat. Sticking with pure facts, if rat doesn't land q2, then prod 25 is unlikely imo. Not end of world, but a material slip.
Hopefully a big week ahead, news of offtake agreement should be close. Does anyone know when parliament will decide on ratification? Timings for this seem very woolly. Although some feel ratification is a formality (which it may prove to be), for me that’s the key factor in preventing the SP from reaching its potential at this stage. Hopefully a massive re-rate is not too far away. Fingers crossed. Enjoy the bank holiday. GLA. CJ.
What interview? Can you provide a link please
Https://youtu.be/YsDzS4HdS4E?si=8ARhy74kgZRtZWv2
Ewoyaa mentioned from 10 mins
Https://youtu.be/IIY4wywpJA0?si=DZuNgMe8dUwKpl9Q
DYOR worth watching 👍
Although that interview was good to watch - it was filmed over 2 weeks ago.
No idea why it took that podcaster take so long to release it, surely it would not take that long to do a bit of editing
On Tuesdays interview, Neil Herbert said starts Mon next week..!!!
We started trading on Ghana exchange on 13th May....
Ghana exchange will start buying Atlantic shares on Monday when we're closed, they have probably asked for a few days to get their shares sorted before the Miif deposit the other 28m and the offtake agreement is announced, full license to follow after that. Apparently the Ghana big wigs all got together for a meeting this week, what a coincidence. 🤔
Buying started in OZ this afternoon and now continuous in GB.
Lots of blue trades, time to get to 25p before any anticipated announcements next week.
Doing nicely this morning, over 23p just paid.
Joined the party for the offtake announcement and who knows what other surprises are in store :)
$500 above AISC makes 365kpa make $182m pa, which is roughly where we at the moment. It's all about getting to nameplate. Too many horror stories with retail favoirites. Hoping this one breaks the mold.
Tomorrow will be interesting. Fair to say the big offtake announcement is on the cards next week and with the long weekend it could well come on Tues when the markets reopen.
Late 2025/early 2026 alongside a better spodumene price. :)
In what sort of time frame PD101? I'd say that at current spodumene prices that's a fair estimate for 2027 when we're in full production and demand starts to really out strip supply.
Now let's say we saw ATH spod prices again... Who knows how high SP could go 👀
Massive 365,000 tpa output make it one of the biggest operations.
One of the lowest OPEX costs.
Strategically places to serve both the US and China.
Near port.
Huge resource upside.
It is becoming patently obvious we are about to obtain sign a 100mill offtake agreement with a Chinese Company, imminently, pre rat. Just my opinion.
I can't open the link. Any chance of a copy and paste?
4 huge companies. ALL market cap peanuts for what's on the cards here.