Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Started: Rajbury, 22 Nov 2021 12:13
Last post: Rajbury, 22 Nov 2021 12:13
Is now live under ticker ALL
Started: Sharetiks, 22 Nov 2021 12:11
Last post: Sharetiks, 22 Nov 2021 12:11
The entitlement was Friday right guys??? Cos sold some shares here (top slice) so should get my entitlement for those I sold?
Last post: AROK1975, 22 Nov 2021 10:13
Can also view the stock via google finance, up 6%+. Barclays and LSE yet to be updated.
Bid 23p Offer 24p - up 0.3p from II
very quite on here, but that lack of drop is very noteworthy and positive
The only place I could find an ALL price is Yahoo Finance. Latest share price 23.89.
Volume ~ 20000
Confirmed we are now Atlantic Lithium !
remarkably steady
Started: Oscar747, 21 Nov 2021 20:02
Last post: Oscar747, 21 Nov 2021 20:02
Should be epic! I don’t think Vince is just going to change the name to Atlantic Lithium and not mention it to anyone. I expect big news on this year’s drilling, the five rigs that have been onsite for the last 5 or 6 months.
I think there will be heavy promotion of the new name, both here and in the US to lunch the new name and to get the shares sold on the OTC. Strike while the iron is hot, Atlantic Lithuum is a strong name and Lithium is now at all time highs as are the SPs of most of the major producers.
Using a 20mt instead of 14.5mt and $2000 per tonne instead of $650 easily takes the project to around 5 billion revenue instead of 1.5 billion. Should get interesting here real soon.
Started: Jimmy_PM, 21 Nov 2021 17:15
Last post: Jimmy_PM, 21 Nov 2021 17:15
Please could someone confirm that we should be considering only 50% of the NPV and project financials quoted in the company presentation as the component of the asset financials that are attributable to IRR/ALL?
Started: Farquar, 19 Nov 2021 14:39
Last post: Divhunter, 19 Nov 2021 20:03
So I off loaded a few at 24p late on today so that I won't be too exposed to the unlisted shares in my ISA. I can buy back into IRR on Monday, however it shows, and that will be buying into ALL only for when they effectively change the ticker. If they mark it down 3 or 4p that will suit me!, If they only mark it down 1p that's fine, I've still got what I'm holding in the black thanks to the last week & RICCA in the bottom drawer for a while.
Nope. It’s just a dividend that’s paid in shares rather than cash, all that happens is the share price is marked down before open commensurate with the dividend amount.
Some think this will be 12.5% to reflect the 1 for 8 split, or you could argue that as Ricca is being valued at A$7m in the rights offer, that’s what it was valued at in the IRR price, which would be about 1p / 4%.
We’ll know come Monday morning.
So, suspension of trading on Monday pending distribution of the new shares? Can't see any other way of doing it.
It has been a long and testing slog at times.. I think back to the fundraise at 7p and the non existent market reaction to our MRE at Ewoyaa, the excitement around Dorothe.. the expectation around the Zaranou MRE (very much still in play).. but finally it is looking like IRR’s time has come, albeit the rewards will be paid out under the new entities ALL and Ricca.
Clearly there have been a flurry of new investors joining over the last few months (and probably the last few days, good PR Vincent and team). Welcome to all - I think we are in for an incredible few months as 1) we become a pure play lithium company under ALL 2) the US listing starts to bear fruit and 3) we update the market with revised Li tonnage at Ewoyaa
We are sitting on one of the world’s greenest and most profitable lithium mines and the market is - at long last - about to work that out.
30 minutes to be sure to be on the register
Started: Farquar, 18 Nov 2021 21:15
Last post: Teddy-KGB, 19 Nov 2021 19:16
Ah! 24p as expected. Wonderful!
Bradda Head Ltd recently changed their name to Bradda Head Lithium. Makes Sense!
I think we will see the price closer to 24p here today and break out next week up towards the 30s.
Absolutely crazy why anyone would sell a promising lithium stock in this bull market but have to respect people taking some profit off the table.
Iron ridge price will inevitable be making new highs in Q1 in my opinion which is a 100% uplift from here. Watch this space!
well written
Teddy, the purpose of renaming the company Atlantic Lithium is to signal where the lithium will be going... worth watching this video again; https://www.youtube.com/watch?v=8hKWXabXfCQ
At 2.14 Vince confirms that the project was 'hotly contested by Lithium players globally', in subsequent media we've also heard Keith Phillips of Piedmont confirm that the Chinese were interested. He then goes on to say that what they liked about Piedmont was 'their vision, American status, established relationship with Tesla & other American automakers, and that effectively made the decision for us'. He also states that it was important that Eyoyaa will form a fundamental part of the Piedmont business model, as we've seen from their PR / presentations since.
It's been obvious for a while now that China have been on a landgrab, led by Gangfeng & CATL. BCN shareholders have suffered at the hands of Gangfeng's derisory low ball offer but that was ultimately the fault of BCN management for allowing them to gain a controlling 29% stake in the company. IRR have zero reason to want Chinese involvement and I think the odds of that happening are close to zero, the top 4 shareholders + management team holder ~52% of shares so can control their own destiny.
Also Vince will know he won't get another chance to take a company from explorer to producer, and if we're producing and earning EBITDA of >$100m per annum, £1 a share will seen cheap. Medium term I think PLL will buy the rest but it'll be at greater than £2 a share.
This is a unique project - super rare to get a high grade DMS resource this close to a port, with road and power on tap!
Started: Kford, 19 Nov 2021 08:52
Last post: Kford, 19 Nov 2021 08:52
HL replied to a query regarding unlisted shares, the share certificate cannot be withdrawn from a sipp and will be held until they are listed at which point the shares can be traded as normal.
Started: Levs, 19 Nov 2021 08:01
Last post: Levs, 19 Nov 2021 08:01
20-30% ?
Last post: Unluckyme, 18 Nov 2021 11:50
Donmac101. You may play it right & fair play if you do but we all know it’s more than just a name change. As How49 says & I’m guessing that timing of the adjusted amount of lithium we actually have will be announced to wet everyone’s appetite.
give it 3 weeks james don and we shall see. You play the margins I'll play the value. Good luck.
The names Don, james Don anyway for me its a simple arbitrage ah might be right i may be wrong but experience tells me am ah gonny be right.And 10 % on 10k is noh tae be sniffed at ken.
2022*
where's the share swap dom? 10%?? Please. The li alone is hopelessly undervalued. Pick any peer anywhere in the world. Very low capital costs massive upside resource potential, li demand and prices soaring, fully funded no more raisings and even if 7aud it maintains a 22usd treasury post demerger. 10% drop is *******s.
Increase the resource get the mine life 12+ years the npv even at price say 1000 gets us to half a billion, game over. There is a significant rerate coming soon.
Canaccord are there for a reason I think gold lists asx, where all should be too away from the spivs. Minimum ipo price there is 20c aud, I think it lists for higher in 2023. We shall see.
Do some genuine research dom.
Started: ShearClass, 18 Nov 2021 09:54
Last post: ShearClass, 18 Nov 2021 09:54
I really can't wait for the updated scoping study to land - another 5 years on the mine life would add ~$200m to the Ewoyaa NPV (using the massively discounted Spodumene price of $650). This would be net $100m NPV to IRR / ALL which is worth around 12p per share...
I suspect they'll up the Spodumene price used to somewhere between $900-$1200 which will take the NPV through the roof. Every $25 increase in Spod price adds ~$60m to the NPV.... I'll leave others to do the maths here.
In the words of Keith Phillips of Piedmont, 'the numbers are going to be fantastic, this is a really special project'.
Last post: cdm007, 18 Nov 2021 08:20
"" if you wish to partake in the Ricca Resources gold demerger, to avoid disappointment ensure you are on the IronRidge register on Friday 19 November 2021.""
Record date is the 23rd November
Halifax told me to check the Corporate Actions on 22nd November and that the IRR shares I bought yesterday will qualify. I only watched the video once but I think he said you qualify as long as you hold shares before the 19th. Or do I need to watch it again and resist buying more TM1?
Divhunter
Some brokers done communicate AGM resolutions and only get involved when there's an EGM going on. Not great service but they seem happy enough offering it.
Just worth bearing in mind next time there's an AGM for any stock that you want to vote on.
Re the stock split I'd be shocked if we didn't get the materials for that next week, assuming it gets approved at the AGM.
I phoned ii about 2 weeks ago about the split they put me through to a separate department and they told me to check my email and corporate action they seemed to be aware of the pending split so fingers x all should run according
Commenting, Vincent Mascolo, Chief Executive Officer of IronRidge, said:
"I am delighted to report the strong support from our shareholders for the resolutions put forward at the AGM held earlier today. The Company's name change to Atlantic Lithium, which will take effect in the coming days, is a reflection of our new strategy on lithium, with the development of our Ewoyaa Project in Ghana our key focus. This coincides with the demerger of our gold assets into a new entity, Ricca Resources, to fully realise the value of our Cape Coast Lithium Portfolio within the Atlantic structure.
"Additionally, shareholders will benefit from the approved demerger of our highly prospective gold projects throughout Cote d'Ivoire and Chad into the separate entity called Ricca Resources. Shareholders and investors are reminded, if you wish to partake in the Ricca Resources gold demerger, to avoid disappointment ensure you are on the IronRidge register on Friday 19 November 2021.
"I would like to thank our loyal shareholders for their continued support, and I look forward to giving further updates on Atlantic Lithium in due course."
Started: LondonSouthEast, 17 Nov 2021 12:03
Last post: LondonSouthEast, 17 Nov 2021 12:03
Dear all, for those who attended, this video presentation is a chance to catch up on the detail - and if you didn't get to see it, here it is. Vincent was in good form despite it being the middle of the night, and took several questions live from the audience. He will be here again live in three weeks time, this time representing Atlantic Lithium #ALL. View here: https://youtu.be/U4Ch1L6eIrg
hmm....been a long road. given up second guessing the SP here
Started: Oscar747, 16 Nov 2021 22:56
Last post: bentnose, 17 Nov 2021 10:10
Its a complicated issue and looks like a few people might miss out on the chance to but their extra shares (me being one being with AJ Bell) but I think the logic behind the decision not to list makes sense. Im assuming they done it to avoid a mass sell off on day one for those not interested in the gold. Hopefully the period between Ricca new company and an eventual listing will be full of positive news which makes it compelling to hang onto your shares. Though to be fair constant good news hasn't done much for the share price in IRR.
Shear - a lot of people jumped from here onto Telegram when the paid derampers turned up here in Feb/March. If your not on it jump in, good bunch and some good chat over the positives and the negatives.
Shear - a lot of people jumped from here onto Telegram when the paid derampers turned up here in Feb/March. If your not on it jump in, good bunch and some good chat over the positives and the negatives.
Sharketmare, it's one thing expecting your nominee broker to hold your unlisted shares for a while until they are relisted somewhere & then dealing with it, it's another asking them to buy unlisted rights issue shares for you & holding them. The only option might be to ask for certified shares to get the rights issue & all the paraphernalia that goes with it.
Great to see a rise up. I'm frankly amazed at the opportunity still on offer here. Making money in investing isn't easy, nor is it supposed to be, IMO the Ricca situation is an inevitable part of investing life - if you want the biggest rewards you often have to go out of your way to get them. Vince confirmed last night that anyone holding shares at the record date will receive a share certificate & will be able to get their rights issue shares, he said you could contact IRR directly to get help.
As for valuation, I think an awful lot of it is down to the wider market perception that we are still an explorer. There are hardly any posts on here or ADVFN, nor on Twitter. The biggest thing on the call last night was Vince stating they want Eyoyaa to be in production by 2023, which again is well ahead of market expectations...
Between now and then we'll likely have several updated scoping studies, a PFS and a DFS, all of which should reaffirm the amazing project economics. Once we get to DFS, the share price should reflect the potential far better than now. No point putting a number of where it could be because there are too many factors at play, however with EBITDA at $105m per annum on Spod prices of $650, it should be multiples higher than present. Could we even see dividends as early as 2024 if Spod prices remain anywhere near current levels?
Interestingly, my buy today shows as a sell!!!!
Started: LondonSouthEast, 16 Nov 2021 18:00
Last post: Divhunter, 16 Nov 2021 22:47
Didn't hear anything I don't know already but at least It's from the horse's mouth!
So Vince basically said get on the register to get free shares. Then buy at a massive discount and with Ricca it will be multiples of what you buy for. Atlantic lithium will totally focus on our lithium projects. Resource upgrade coming soon and I don’t think it will disappoint. Aimho
Watch our live webinar featuring IRR here - https://www.lse.co.uk/events/
Started: Divhunter, 11 Nov 2021 09:02
Last post: Teddy-KGB, 16 Nov 2021 16:45
So, in for another £5k's worth. Managed sub 19p yesterday but 19.075 best I could do today. Showing as sells. Ready for take off tomorrow!
Expecting this to drift down to close of business Tuesday & then a sharp spike up to entitlement date. Off loading some other shares ready to top up sub 19p
Started: swest42, 13 Nov 2021 12:28
Last post: milnrowmug, 15 Nov 2021 22:28
Just a test post to see it's not cancelled.
Actual plan is buy now, pre Tuesday night pitch, as the suspicion is that ALL so on it's own will be higher come 23rd than IRR is now, probably not partake in the RICCA RI & put those shares inn the bottom drawer.
Piedmont might know what they're doing but it's all in there own interest. Which is Lithium.
Do Canaccord know what they're doing? They're fully underwriting the Ricca demerger & rights issue. Piedmont will be 10% holders & rights issue eligible. Are they interested in the gold company or will they just be looking to offload at the earliest opportunity, hence holding the Ricca price down, unless Canaccord have a buyer lined up.
Do Ii know what they are doing? They haven't asked me how I want to vote, their site is down for maintenance, it doesn't bode well for their handling if the demerger & rights issue. Anybody else out there with Ii asked them yet?
I just fear being left with a valueless gold company, having to invest more in it to take up the rights issue to maintain any semblance of a decent holding, when I'd rather be putting more into the lithium company.
All hopes left lying with Lithium.
STILL rising. Will follow with a link.
Its gonna blow here one day and if that's sounds like a ramp then whatever make ur own mind up. SP feels like its sealed in a pressure cooker. Keeps ringing in me that PLL casually bought a load at 25p with no qualms at all, do they know what are they are doing :)
#ALL
PS POG looking perky. GLA
Started: Ham123, 10 Nov 2021 16:35
Last post: Ham123, 10 Nov 2021 16:35
were and are, are doing this to ggp
Started: Possetwolf, 9 Nov 2021 21:24
Last post: Not2sure, 10 Nov 2021 10:42
Cannot really see one at the moment
Does anybody have any idea who the big seller is? Thanks
Voted just now on my HL account.