Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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J-R-R, that’s my view too.
Good news today in that RNS, offer of 33p and all the rest.
And yet the sp has been ‘coasting’ around/dropping below 20p since the start of year…
I don’t know how MM can keep it suppressed - and maybe it’s just paranoia on my part! As has been said further (good) news *should* be imminent, so I must be patient
(A 1p) increase every week for the next year would be just fine!)
Interesting point, I’m not an expert on how the MMs operate, I thought it would be some sort of algorithm based on sells vs buys? Or could they deliberately ensure it’s under X amount?
Not shorted, just being deliberately suppressed sub 20p for a nice entry price for when it gets listed on the GSE (my opinion)
No need to short ALL, Assore could make an improved bid over 35p tomorrow and you'd get burnt.
The company could announce an offtake with BYD tomorrow and it would make the rounds across the lithium sector and then some.
Parliment final ratification could be any day now.
I could go on and on, such as the rising lithium price, increasing EV sales in China.
The company is cashed up, it has multiple funding partners etc...
I never short but there are far better targets out there. There are lithium companies on AIM with basically no cash or DFS.
The selling here is just another sign that this is being shorted.
Sadly it's too easy to do on low volume shares
Upside, although not without risk, is ridiculous
Fairly easy money selling into that rise as more often than not good drill results alone are not normally enough to drive a sp forward
Still getting sold into on every attempted breakout
All one can do is sit tight and wait for continued news
I happen to think the recent huge refining funding package news lurking in the background is as significant and interesting as anything else. Ghana are clearly looking to go into the energy transition in a massive way. Fair play
A bit disappointed they did not find any spodumene when preparing the plant site lol but at least there will not be any delays looking for another site !
Towards the end of March going into April is when it was signalled we'd start hearing about critical developments such as the final offtake. Exciting times.
News rich period now I think.
“On the back of the encouraging results delivered from drilling completed in 2023 at Dog-Leg, we are excited to have recently completed a further 874 metres of resource extension drilling at the target as part of our resource growth program for 2024,” said Atlantic Lithium executive chairman Neil Herbert.
“We look forward to receiving further drilling results and delivering a MRE upgrade for the project, targeted for H2 2024. The MRE upgrade will include updates to both the lithium and feldspar and incorporate all of the results received from drilling completed in 2023 and results pending for 2024.
“In addition, we are pleased to have recently completed the plant site sterilisation program without any surprises, allowing us to continue with our mine site designs and permitting. “We look forward to updating shareholders on our ongoing progress.”
C'mon Neil/Amanda, any sign of the Ghana Stock Exchange listing which you stated in last months investor meets presentation? End of Feb/early March has come and gone...
Further good drill results
That bid for ALL starts to make sense!
I would accept 50p this week if they are serious!
Spodumene up $15 that would be another $5.5m US revenue PA. :)
Other lithium indices all up.
Exceptional drill results the resource will be even more massive.
Mul�ple high-grade and broad extensional drill intersec�ons reported at the new Dog-Leg target outside of the
current 35.3Mt @ 1.25% Li2O JORC (2012) compliant Ewoyaa Mineral Resource Es�mate1 (“MRE” or the
“Resource”), including highlights at a 0.4% Li2O cut-off and a maximum 4m of internal dilu�on of:
o GRC1024: 69m at 1.25% Li2O from 45m
o GRC1027: 34m at 1.02% Li2O from 160m
o GRC1024: 22m at 0.85% Li2O from 141m
o GRC1030: 16m at 1.08% Li2O from 111m
o GRC1032: 12m at 1.11% Li2O from 83m
- Results at Dog-Leg are significant; drilling has intersected shallow dipping, near surface mineralised pegma�te
bodies with true thicknesses up to 35m outside of the MRE1, proving poten�al for significant resource growth.
https://app.sharelinktechnologies.com/announcement/asx/df0113ffccff182673c1d11483ec44af
That's substantial
https://gna.org.gh/2024/03/hi-limit-group-signs-us71-billion-agreement-to-invest-in-ghanas-gold-and-lithium-sectors/
ALL is the only major lithium project to come online in Ghana...
I just hope they don't make an offer for ALL...I really want to be in this when we go to production. I wonder if they are shortlisted for the offtake, that would be good. They must have known this was in the offing some time.
Swest42 I think you could be right, wouldnt make sense for a refinery as you say
Thats the refining cheque then
They kept talking about it, but refining is big bucks, and I think it was too much out of the Works Bank/IMF money, we appear to have our answer
It piles the pressure to ratify imo. To have refining with nothing to put in it would be 'unjoined dots' to put mildly
I've been railing against calling rat a 'formality', but is is finally looking that way imo..
Thanks Icw, this could be very significant in speeding up our project.
This is interesting...
https://gna.org.gh/2024/03/hi-limit-group-signs-us71-billion-agreement-to-invest-in-ghanas-gold-and-lithium-sectors/
No doubt in my mind that our project will go ahead.
Lol I was being a little facetious !!
Bid has to be over 33p to entertain the board. Anything less would never be taken to the market.
With your moniker I am surprised you did not say 23p given where the price is !!
Seems a no brainer.