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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Yes perhaps a bit odd not giving an RNS solely about Len stepping down.
Nothing was said yesterday about Len. The way this has been worked in to the quarterly statement seems a little odd.
Were they frightened of making a specific announcement?
What do you mean? The RNS seems pretty clear.
"After nine years with the Company, Head of Business Development and Chief Geologist Len Kolff has taken the decision to step down from his roles and will leave Atlantic Lithium to pursue other business interests.".
He's steeping down to go higher up so I think we're good.
Other than that the news seemed positive. Do you feel LK a significant loss?
LEN KOLFF stepping down from the company
May June set to be an overload of news almost) Encouraging about resource update this Q. Increase in mine life from 12 years to...? Len mentioned Goulamina and theirs is 20 I believe.
Plus $1500/t spod on conservative side once in production according to KM
Just as an aside from ALL whilst we await lots of news..........as anybody seen any update recently on what is happening re Ricca ?.........would be nice if the shares from the divestiture would eventually be worth something, someday.
Also from the Q&A part of today's presentation... Keith is travelling to China in May regarding the offtake process.
I thought this mornings presentation was informative. Does anyone else think that Iwan nearly let something out, when he began to say " as you will all know, we have received........"
Probably just me.
ATB.
"Expected some time in May". From Investor meet Q&A
Lots of buys coming in over 20p, good sign. Don’t want to tempt fait! GLA. CJ.
As catalysts come in that seems like a very fair price given how much money ALL will be making.
*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.
£1Billion would value this less than other big developers that are yet to make concetrate.
Yeah Keith looks a bit shell-shocked with the lithium price...as you say we don't have time for PLL to slow things down to their pace...maybe another suitor will make a move...they only have rights to a quarter of our output....
Agree swest but what we don't want is to hang around whilst PLL dither and delay our plans ..lets just hope they secure financing in good time
Agree with that.
A strong PLL is what we want, I'm not so sure its what we have, I sense a feint air of procrastination from KP, just my own opinion. PLL SP struggles, as does ours, but we are different, we have 'the rock', and not much capex needed in big scheme of things, still pretty 'agile' i.e very buildable and near term, much smaller than PLL
I think KP is less able to be so sure footed than he used to be in light of his SP, I'm not totally convinced they'll come up with the readies, happy to be proved otherwise
Ultimately, we have options. Lets see.
I have said in the past that Piedmonts access to funds for Ewoyaa may be weighing on our sp and I thought Phillips was a little blase about it and when pushed was not totally convincing as there were a few ifs and maybes ..there is a good chance it will resolve itself in good time but a little uncertainty and we know markets do not like that !
That should be: Concentrate suuply shortfall vs demand ahead is obvious.
China in the early years while the US and Europe fanny.
Tennessee will be late, Tesla and LG are fully supplied from NAL? It looks more probable all Ewoyaa sc6 will go to China then.
That Piedmont where saying they did not want to dilute and that NAL sales have provided little cash flow was putting a cloud over whether Piedmont might delay the Ewoyaa capex FID was my thinking on why so much down pressure on the ALL sp. This decision to follow Atlantic down the up front cash for capex off take route solves that. Only game in town?
Concentrate demand shortfall ahead is obvious.
Onward.
More on Ewoyaa from 31.45.
First on Ewoyaa from 3.25 in.
Piedmont proposing their own offtake for their share of product.
https://youtu.be/uVjMlfggkzY?si=kAmRNYK2ymGp_-W7
Well to be fair, she is the Finance Director and Company Secretary. In my view, she does a pretty good job in that respect and I would say that the Company communication via podcasts, various media platforms and "X" is far better than any other company I invest in. So whilst I agree that umms and aaars are a little off-putting, the end result is what matters most.
I don’t like listening to someone who keeps saying um when speaking,not a confident speaking person.hope I am wrong