George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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The strategy for holders is simple...do nothing and wait...don't over think it...things will move forward in the background and the vital RNS's will drop and the SP will rise...not financial advice just my own strategy...frustrating but remember the GSE requires shares, don't let them be yours! GLA
I believe a similar game being played by the crooked crew like for Shanta Gold. They surpressed the price to frustrate the little guy into selling, whilst buying up the shares at a nice discount to the incoming takeover bid. I think most of us expect Assore to come back at 35-40p. If you're buying in at 18-23p it's a good return for those who are building large positions in the background.
So either that or related to the Ghana listing.
Either way the Ghana listing and massive offtake deal news must be very close now....
The world class asset/project fundamentals remain.
Utterly bemused by the SP
expected a green
Spods going up. In line with anothers remarked here, I think I will also leave it alone on here for a bit
Good luck everyone. Is something 'the matter' here ? If it is, I don't know what it is. #AIM
Dear me, I need to stop posting on here! GLA. CJ.
Good news. Just added more at 19.88p, hopefully heading over 20p soon. All in anticipation of imminent positive news. GLA. CJ.
Lithium uptrend continues
Tantalisingly close for an entity so lo on the cost curve.
But close = no cigar.
Interesting q2 ahead? Just a bit.
ALL new graphic for Q2: https://i.ibb.co/6F5BHP2/Atlantic-Lithium.png
The figures were published, it was on C 1200-1300. Interesting take on the prices below and also the sweet spot for prices.
https://x.com/thelithiumminer/status/1774378507390296438?s=46&t=gJ40HEpUT4gYZeQiLJHwfw
Min res or pilbara not sure which lost the article aregoing to sell at auction to get price' transparency' on spod spot, and it seems that auctions are challenging Chinese spot to the upside
Imo all important inentive is 1500. That includes ability to bring new resource online.
Out soon. 24k uk. Some Oems need to start shxtting themselves. China absolutely stealing march. It'll snap at a Taycan, but the cost..
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.