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Spot on CCC .
Ccc
Yes also my thoughts,I’m well happy with the way things are going.AV is delivering on everything he says,the big deals will come,and the share price will act accordingly
CCC.
Agreed.
TDT
I sense some frustration building, i would go as far to say maybe this share is not for you Toptiger and best stick with Kod.
I will add that you made your feeling known for a while now but the continuing theme you are posting becomes questionable and maybe another agenda is being stirred.
Everything done to date has put the company on the cusp of becoming a very successful mining company, the icing on the cake will be the correct partner, i agree this has taken longer than hoped, but it happens all the time and is not a specific issue for ATM, i am sure the reasons will be communicated once announced.
Might be best and not to look at the daily share price as it does not reflect the progress or potential of the company, just like many other companies listed, each having the same posts moaning about the share price and coming up with all kinds of ridiculous theories as to why.
I am on the whole very happy with my stake and very much looking forward to the news ahead, the share price will do what it does and will never please the masses all the time.
The deal will not be eye watering and if the mkt believed it would be we wouldnt be at this price. it might get to 7-8p its not going to climb 300% or anything like that.
he should never have said it, its done us no favours and if its not amazing people will just exit (i know i will)
What I am saying 2024 has to be ATM year, make or break, as AV has had enough time to get something on the road.
When you compare to say KOD, as posters mention they just get on with it, I do think AV is too PR with the comment, though I have no issues with that style, as long as you deliver.
The eye watering amount offer comment, I would like to have a vote on that, as I bet some maybe like to take a mouth watering offer fairly soon!
Gut feel for me is there is more milking going on than a devon farm !
I hope Barclays dont charge an hourly rate thats for sure! Is a bit of a joke how long its taken aspecialist sub contracted outfit to yet to come to a conclusion given the inbound interest. 12 months...
Gut feel is we have to be very close now
And its wierd because the SA miners i know of are REALLY REALLY GOOD (sylvania spring to mind) and just get with stuff and no BS. So not sure what our problem is.
Also a great country to mine in (love Namibia from my interest in africa oil / Venus).
So really he has no excuse (and dont like the barclays incestuous relationship either)
The other disappointing thing about comparing KOD to ATM is share price performance.
Since the day at Lei (David) Teng visited Andrada (22-Jul-2022), KOD share price has nearly doubled, and at one point was over 3 times higher. ATM is now below where it was that day, and was for just one day, 1.8 times higher.
I know it's an arbitrary date, but for ATM to be two years on, and still on a lower share price, is not a good record. It's a different sort of "eye-watering".
He frustrates the cr+p out of me as well. Still waiting for that 'transformational' year for ATM he's been spouting on about since 2021. And he expects that to happen with a cohesive funding strategy to finally deliver the value & potential that is so clearly evident in the mineral resources the company is sitting on.
One positive in the latest hyped news release, finally a recognition (& mention) that ATM has to deliver +ve free cash flow in this FY. Only taken six years to realise this is actually quite important.
Finance, never been one of ATM's strong points.
I still argue that there's a good deal to be done in selling ATM to one of the many so-called interested parties - waiting for AV to deliver has become tedious.
I've got some askari, so might be interesting (though i very much doubt, there isnt anything really that interesting with ATM)
That was a dictionary quote to explain what eye watering means, but can understand your conclusion, i should have posted the link:
https://www.ldoceonline.com/dictionary/eyewatering#:~:text=From%20Longman%20Dictionary%20of%20Contemporary,%C2%A34%20million%20a%20year.
Https://www.investi.com.au/api/announcements/as2/b4dffd13-051.pdf
TDT
I agree with much of what you say, but I have to correct that salary figure before it starts being believed.
The last reported salary for AV was £360,780 - very far from £4 million.
Eye‧wa‧ter‧ing /ˈaɪˌwɔːtərɪŋ $ -ˌwɒː-, -ˌwɑː-/ adjective
an eyewatering amount of money is an extremely large one
He is on an eyewatering salary of £4 million a year.
Bohercom,
i'm in both, as a few others will be. kodal are far more dynamic and exciting, andrada are a very slow build whereas far more impressed with kodals just get on with it approach.
this is why i would always reccommend geologists are running the show rather than ex bankers tbh. they have a love for minerals and exploring and getting the stuff out the ground, whereas bankers as ceos tend to fixate on deals.
i think if i ever see that eye watering quote one more time i'm going to do something stupid....:-)
its all very well for AV to have these famous quotes like "you dont mine from a spreadsheet" well you also dont do deals from a spreadsheet and sit on it for months on end.
there are plenty of lithium resources out there (it isnt a particularly rare element) and strategic moves are being made, we dont want to miss the boat.
as many will know from my other posts he is extremely frustrating to me. if somebody offered me an "eye watering amount" for my house what would i do say, nah, i'll look around for 6 months and get back to you
it was either eye watering and he should get on with it or stfu.
kodals deal was great and they are getting on with it (and the company was originally gold and now they can get on with that too).
If there are any other ATM holders who also own Kodal Minerals - did you spot the small link that emerged yesterday ?
KOD appointed Lei (David) Teng as a Non-Executive Director. Lei Teng is President of the Chinese company Hainan Mining (part of the massive Foson group), who have invested over $100m in KOD to build their lithium mine.
This is the same Lei Teng who visited our Uis mine in July 2022. After this visit, Anthony Viljeon started telling people that the "Chinese delegation" had said "I'll buy this", and that "the numbers were eye watering".
This visit, and others, seems to have fed into the whole Strategic Review process. I wonder if Hainan are still one of our interested parties ?
I am really hoping that in 2024, we can see decent SP rises, actually retaining them and setting new Bollinger band levels.
One of the things I do get is blue envy of other shares on my watchlist, I must admit in 2022 when entered here, I thought by now, we'd be further down the road SP wise and I could of started top slicing into other targets I have addressed.
Though, I can patiently wait for things that are good, I feel this is the year it must all happen for ATM. I am expecting a SP at year end to be vastly multiplies of my average.
I hope the wait is worth it!
Fingers crossed , feels like we are gearing up for lots of news flow this year. That’s my thoughts anyway
We must be getting the quarterly update soon, normally around this time?
Lets hope todays announcement is the first of many of the jigsaw pieces coming together.
" ... got over excited when I saw “Funding Agreement” :-)"
... looks like the market makers also got over excited, first thing this morning they enthusiastically lifted the ask to 5.20 p but now drifting back to more normal levels
I got over excited when I saw “Funding Agreement” :-)