Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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Definitely. I don't think our markets quite understand how steep of a value the other lithium developers and producers fetch over the pond, even with the lithium downturn.
Also Gais ALL is already taking the steps to mitigate any hold up from Piedmont with the excessive US$100m prepayment facility from the offtake, which is well above the companies committment. Also with the MiiF funds. Both of these funds cover most of the CAPEX which will allow it to order equipment, pay deposits and begin construction.
Also if you listened to the recent Piedmont CEO talk on Rockstocks he states they are working out options to buy/sell Ewoyaa's concentrate already.
Piedmont's FID is the sp kicker here aisi. It's go or stop with that. Atlantic would either have to crushingly dilute or relinquish far more than half of Ewoyaa to get the mine up and running without Piedmont's ~130m contribution.
For the FID to happen it now looks like they are taking the same route with their share of production as Atlantic are, go to the only buyers in town, China. To get some up front cash it looks like they also now need.
This I see as the big uncertainty ahead that keeps this sp suppressed, the other oft towted milestones ahead are basically a given now.
We'll see, it's a tough market out there
https://www.fastmarkets.com/insights/four-key-takeaways-from-fastmarkets-asian-battery-raw-materials-conference-2024/
Yes, this is positive news. But I was struck by the critical absence of a date for the listing. I wonder why they have not got that agreed yet? So this is only a minor step forward in my view. Until they actually list, until the actual ratification, until they actually get the EPA, we are still in 'risk on' mode. Just my, possibly pessimistic, view.
JL
This and KOD must be two of the most undervalued shares on AIM
Hopefully massive re-rates coming
To add on this what the market and more will realise once full permitted and funded through the offtake is that this isn't going to be some sort of test mine, but a full blown world leading 365,000 tonnes of spodumene concentrate per annum operation (3x the output that Kodal Minerals for example) whilst also being one of the lowest cost. With plenty of room for further growth and expansion beyond this.
It's like getting it at Pilbara Minerals at a £100-150mcap who are now worth £6.5BILLION.
So 40p is a highly conservative lowball once on these final steps are achieved.
Market cap at 40p still sub £300m - £260m. Still damn cheap when you see many peers not producing at 5-10x of £260m without production.
So 40p once derisked this quarter very conservative.
Its coming together as predicted, would imagine other announcements after the Ghanaians are set up with their shares in place...
Parliment ML ratification will be very close now and then boom time.
Once down and the offtake is announced this will hold at around 40p a share I think and then climb as the resource upgrade comes in and then breaks ground.
In my eyes the GSE listing confirmation further indicates ratification is just a formality. The Ghanian gov would be looking particularly confused if there was any other outcome!
Topping up today. Now the rest will come in.
*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.
Keith said GSE listing in May, todays RNS another step forward
Surely this makes ratification more likely no? Ie would they bother approving the GSE listing if they weren’t then going to ratify in parliament? Hope so…
Https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02802653-2A1520847
This share is a classic example of why shorting should be banned on AIM
Looks like we could see a rerate on the cards as these derisking and progressive milestones emerge.
*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.
I will get one final top up in by the end of the week.
Https://cnevpost.com/2024/04/27/china-offers-incentives-to-boost-old-car-replacements/
Going to Asia in May to conclude off take discussions
https://twitter.com/AtlanticLithium/status/1784901483957207177?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet
Well whoever is shorting this obviously isn't happy, let's hope they burn
Finally some movement north, Ghana listing must be imminent.
10% up and still needs to rise c50% to get to what has already been offered to buy it
Please tell us all what's around the corner.
29-Apr-24 12:51:57 21.794 175,129 Buy* 21.65 21.70 38.17k O
somebody paid above the ask
increased volume, highest SP since Jan......
feels close doesn't it😁
Nice , I won't say leak because we all know what's round the corner !
Should read 21.50p
LOR