Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Nice to see lithium turning up and reading the supply gap is now growing so some see a continued move over $1500 a tonne.
That's crazy when you put it that way, that a single $1 increase is $363k extra revenue per annum.
Hi 5toamillion,
I use Lithium Price Bot on twitter. If you follow it will come up on your feed daily at 5am.
https://twitter.com/LithiumPriceBot
US$15 rise overnight
Each $ rise in spod = US$363,636 additional revenues pa for #ALL
Lithium prices spot and futures up and big rally from the large Chinese chemical processors. Talks of a bigger supply shortage.
Time for me to add more ALL before the offtake RNS which must be very close.
Seriously interesting couple of weeks coming up… GSE listing update overdue, offtake news potentially by the end of march and maybe ratification thrown in there? Looking forward to a good week with anticipation building!
Does anybody know a good website with live spod prices? The ones I seem to find are always outdated.
Https://www.youtube.com/watch?v=fpJ8VGpUKUU
Justin Waite and mining analysis John Meyer discuss Atlantic Lithium. General discussion about lithium focuses on Atlantic from about 7 minutes.
Hi CJ, that would seem most logical…
Though allowing Ghanaians to purchase shares at the current price and then to have the share price rise upon ratification (my assumption ;) ) might be a clever political move.
Or maybe that’s just too cynical…
Morning all, quick question. Wouldn’t you expect ratification to come before listing on GSE? Why list before it’s ratified? Surely it would be far less attractive on GSE if not ratified? Any thoughts would be welcome as always. GLA and happy weekend. CJ.
Ah yes, the Major’s letter that’s says jfdi - though in far a more ‘elaborate’, and perhaps Ghanaian-appropriate, style.
I’ve been thinking the price had been keeping in a narrow range for some time - perhaps ahead of Ghanaian listing. Or perhaps another *relatively* high offer is in the offing - but 37p would feel far too cheap!
A fair summary of all the noise, and addressing?
https://www.modernghana.com/amp/news/1279887/give-support-to-the-plan-to-mine-lithium-at-ewoyaa.html
This just needs EPA and then it will be ratification, and hopefully job done.
For the ratification, it’s a straight case of has it been done by the book, legal process, if not easy objection. However chiefs approvals etc. all in, local areas chiefs (not political) fed back get it done we need the jobs. So any objections risking an election (jobs ), would be challenging for an opposition party to say the least. Noise yes, but cancelling jobs/votes I doubt that.
.
Https://thebftonline.com/2024/03/13/miif-and-gse-demystify-mining-as-an-asset-class-to-fund-managers-in-ghana/#:~:text=Ghanaian%20Pension%20Funds%20and%20other,local%20companies%20from%20mining%20activity
Not a bad RNS but just not what we want I.e. milestone news...
Ghanaian Stock Exchange listing surely the first to be reported...hope the next RNS is a decent bit of news....no more conferences please, positive updates/news please!
Really feels like someone/people affiliated to Ghana are suppressing the SP for a low entry price when it gets listed on the GSE. Just my opinion but cant think of many other logical reasons to be selling with the SP where it is as surely not many people can be in profit around this price.
Looking at the timing of the trades and pattern, this looks like a short in action to me
Make the update look bad, when in reality it isn't
The investment fund is committed, it's hard to imagine they will mess up this kind of opportunity
It’s always concerning when the share price drops in the smallcap space, so many examples of bad news dropping which inhindsight was obvious.l in price action. In the mean time i hope i don’t get margin called :-)
I just don't want you to have a nervous breakdown !!
Someones thrown in the big towel today guys
Each to their own, everyone sells for different reasons and so forth ... gulp
I know I know, I just get frustrated, only human
For the record, I just hold now for whatever happens, I'm not buying or selling any more of these, so frankly I may as well just switch off
But I know you 'd all miss my lovely musings :))
I think we are all being very patient.
Just disconcerting when the price has been hovering at 19-20p then drops. Everything looks good … so near and yet so far….
I think I/we/the market needs reassurance over the ratification.
I’d be surprised if they don’t ratify, what would be the point? If they don’t ratify then lithium just stays in the ground so of no benefit to anyone?
Or if one of those members gets paid off to vote the other way….this is by no means in the bag imo. The only hope is that the price is being manipulated down to allow the Ghanaians in at the cheapest possible price. Ratification is surely the only hand on the brake lever at this stage - knowing what we do. Fundamentals beyond solid…..the waiting is just a killer.
Lol swest calm down ..the politics is no difference whichever country you are in ..there are plenty in the opposition who are not happy that Ghana is getting the best deal ..we clearly think they are as do the Land and Minerals ..as long as when it comes to the vote every member of the NPP votes in favour we should be on our way..slightly disconcerting is when will that vote be ?
This drop is just caused by one share holder offloading. It takes very little buying or selling to move the SP so imagine what will happen when when all the good news finally arrives and buyers pile in. The SP will surge, which is what happened 2 years ago when it hit 68p! That was fueled by the spod price and pure speculative buying. Fundamentals far stronger now, with massive positives to come over coming weeks/months. The worst thing you could do right now is sell at a loss and then watch the SP explode when you're no longer invested. We just need to be patient IMO.
Being brutally honest. The Ghanaians concern me. the Company, resource , are great, but I'm afraid it will all count for nought if we can't get the jurisdiction out the way. I'd go so far to say the the jurisdiction is felling like an an obstacle now, a millstone.
NH keeps saying they are fully on board, if so, then just sign the blxxdy thing off?