Member Info for 5toamillion

The board has already said they’ve moved away from that kind of offtake funding and going for debt/equity. The poor Asian bloke on the site visit apparently passed away as he was told he’d be updated ‘soon’.

We’re in the 27% of the market that’s down, 73% is up. I’ll tell you why.

1. Board incompetence, sat doing nothing for 2 years and quite enjoy the habit. The market knows.

2. Elevra will NOT fund this, that’ll cause delays and batter the share price.

3. $20m dilution in the wings, won’t take them long to burn through the $12m just raised since elevra still won’t be putting anything into and neither are MIIF.

4. Poor communication from the board, nothing to promote RAT or even thank shareholders for their patience.

5. No offtakes, might not even be close.

6. The board is greedy, turning down offers a lot more than today’s level. The more this drops the less chance of a good buyout.

It’s just another typical AIM story here.

I’m expecting 10-20% increase on the capex, however if we just sell the ore of the 35mt feldspar @ 28mt (geld,quartz and muscovite) even $20 is $560m in revenue over LOM. Feldspar resource update was 15 months ago. What the f**k are they actually doing.

If only I wasn’t already balls deep, holding with my heart here not my head. The board has disappointed me, should’ve been expected since they’ve had their feet up for the past 2 years. How does it take 3 months to compile data from 2H 25?

Another test of 14p, this is probably where we slip under now. This board has surprised me with the lack of action post RAT, I thought they’d be sat on the runway ready for takeoff. Seems more like there still only just boarding the plane.

The feldspar, quartz and muscovite will be added to the DFS. 28million tonnes even at $20 per ton is going to add ridiculous value to the NPV. After the discussions with the previous bidder the board has a price in mind, we probably wouldn’t hear anything even if we had received bids unless it’s close to that number.

Assore have 2 people on the board, they’re going to know exactly what all the future data looks like. One’s a geologist so she’s also going to know the potential in the license. Better to bid before it’s all public or potentially be forced to pay a higher price.

I just don’t see how assore aren’t tabling a bid right now. If they buy us before elevra pull out they get 81%, if they don’t whoever potentially bid for us could come in and JV. There’s a potential $20m dilution in the wings, how much more will they lose if that’s fully realised.

And this price won’t hold much longer without news.

5% was used for the DFS, based on the now 7%at that price that’ll be $120m wiped off revenue. Government free carry was 10% used and is now 13%. Get it sold, save everyone a waste of time. Too many speed bumps left that this board won’t be able to navigate. They didn’t lean on Ghana for RAT, they won’t lean on elevra for money… they’d happily wait 70 years for elevra to save 1m a year it seems.

The best outcome for everyone involved is a sale.

Neil Herbert’s made a few mill over at pulsar helium today 😵 hopefully he can get 40p outta assore and he’ll be laughing all the way to the bank.

Lithium +%4, Atlantic down more than likely then.

Down she goes 😴

Too much money to be made beating retail investors, houthis joining the war and a possible imminent ground invasion gives enough reason for a beating.

Yes and we followed that up dropping to 14.25p. They’ll catch us up tonight and we’ll drop further tomorrow, this is AIM, the worst market in history.

The market won’t care, 13p tomorrow unless we’ve got a red sticker and unless it’s substantial it’s not going to hold the price up for long.

They could raise $90m at a 10% discount just to fund ewoyaa. They don’t want it!

It is negative, I do apologise but I believe these are the reasons we are dropping. The buyout potential is why I haven’t sold any. If there are more bid it’s time the shareholders had the opportunity to make the decisions.

We’re currently valued around 24% of our share of the NPV. Current lithium demand is only good for producers, we’re 18 months + away from producing its all guess work as to what the prices may be then. All we know is we have a good DFS and the licenses in place. These are the only 2 certainties.

We don’t know if elevra are going to commit to funding, so far the signs aren’t good considering we’ve mentioned arbitration, who needs that between partners at the start of a project. We dilute our shareholders, MIIF have lost 0.5%, assore 3%. We don’t know if the feldspar, quartz and muscovite are commercially viable. They announced 15 months ago of the resource update for these why haven’t we been updated? We don’t know how big the resource can grow or how big cotes could be. We don’t have any offtakes, you can’t value discussions. The success here is all based on hope. This board has shown little action the past couple of years, I wouldn’t be surprised if they had no plan B. Most folk on this board hold more than our CEO, granted Amanda and Neil hold a lot but they’ve probably earned that back double over the years.

It’s actually pretty fairly valued for where we are right now, with the war and escalations looming there are still profits to be taken all the way to 7p. There’s more downward pressure here than upwards.

We’re going to be welcoming back single digits next week unless they get a deal on the war done or our incompetent board drops a red sticker Monday morning announcing they’ve accepted a bid.