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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.
Lots of buys coming in over 20p, good sign. Don’t want to tempt fait! GLA. CJ.
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.
This share is a classic example of why shorting should be banned on AIM
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.
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.
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.
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.
This and KOD must be two of the most undervalued shares on AIM
Hopefully massive re-rates coming
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.
I agree Range 40p right now is very conservative. I just used this logic.
3x Kodals production along with ALL being much much safer and stable jurisdiction in Ghana over Mali.
KOD mcap = £90mil sox 3 = £270mil. So would put ALL at 40p a share right now.
Then once de-risked with the ML ratified and offtake sorted climb to around a £500mil mcap ahead of production, which I think is 70-75p? That would be in line with ALL time highs. :)
So I think this is where it can go soon if the market lets it go there
A decent assessment for the next few weeks and month. Either way, £s not pence once producing.
After today I'm going to wake up each morning with some excitement in my belly for some news.
Offtake finalising https://youtu.be/KcfCSsKfmWM
Wow MRE upgrade now coming around June!
*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.
This is not quite a correct comparison
Both are undervalued and I'm in both. However, KOD has a mining licence, is fully funded and only months off first production
There is no doubt we should be in the 30s now and £s is the end point
I think RangeRover makes the crucial point....we need the o/take agreement b4 a re rate. ALL are VERY sure of it, but the market wants to see it in B&W.
Once that is in place and funding assured, we're off to the races.
How is the Spodumene spot price doing? Isn't that what's been keeping valuations down? That and the general lack of interest in UK listed stocks?
Spodumene Concentrate (6%, CIF China)
Price: $1,143.00
1 day: $8.0 (0.7%) 📈
Chislehurst,
Thank you.
Looking at this longer term one I just found it goes with my memory of much higher prices last year when I bought in here, when Spod was $3800 I think. So it's up a little bit now, but still down 75%(??) on a year ago.
3rd chart on the page
https://www.marketindex.com.au/news/chartwatch-pilbara-minerals-probes-key-resistance-as-lithium-futures-eye
EarEyeAm,
Yes that is the case, lithium has a history of being both the best and worst performing industry metal.
Supply and demand, low prices say
EarEyeAm,
Yes that is the case, lithium has a history of being both the best and worst performing industry metal.
Supply and demand, low prices say
EarEyeAm,
Yes that is the case, lithium has a history of being both the best and worst performing industry metal.
Supply and demand, low prices say
Hint do not use less than or greater than signs....
Aha - thanks Horult hopefully that solves it.
EarEyeAm,
Yes that is the case, lithium has a history of being both the best and worst performing industry metal.
Supply and demand, low prices say less than US$1,000/t mean that some lithium operations close down or future projects are put on the back-burner. Atlantic are fortunate that their AISC will be one of the lowest in their industry circa US$675/t and can comfortably operate profitably at US$1,000 levels.
If supply dries up and the price of lithium again rises then Atlantic will be even more profitable and dare I say it, even more of a take over target.
I can quite see once the Licence is ratified and GSE is live with the various investments received that it will be then either Assore, Piedmont or other swoops in with a bid, certainly before production starts, as they will then have certainty from Ghana not to stop the project