Member Info for 5toamillion

Think I’d rather jump into SAV than wait for what could or couldn’t be.

If elevra had decided to sell their stake first then why would Atlantic sell? New jv with hauyou, $16m in funding from pension funds, £20m dilution back up plan, assore could’ve taken a % of the project if MIIF weren’t interested.

They could’ve even bought us out and partnered with hauyou.

Its rotten to the core, brown envelopes for everyone. They didn’t even try and haven’t for the last 2 years, the DFC would’ve backed this, they’re throwing money at everything.

Shut up eareyeam, it’s been obvious for months like I said.

Knew elevra would be a problem a long time ago, longterm and eareyeam shut it down, told everyone not to doubt elevra. That’s the trouble with these boards, the rampers usually drown out anything that goes against the grain if there investments.

If that’s your theory what’s stopping ganfeng making a bid? They are active in exploring adjacent to the cotes license, why not add 700km2 more licenses there and buy a shovel ready lithium project close to infrastructure?

Do we think hauyou were the pre RAT bidders? Could it be they’re actually a 3rd different bidder and this was done to spur the 2nd bidder on?

another thing i’m ****ed about is the board in the last takeover approach said the bid didn’t encapsulate the value of exploration potential or the cotes license. cotes could’ve potentially been the same size if not bigger than ewoya. why not just sell the license holding company and stay afloat as a cash rich explorer, take cotes into development? we could’ve made many of other acquisitions.

again, i’ve gone full circle. initial anger at the board to wondering if this is a stroke of genius by the board and assore?

outstanding economics, fully permitted project, lithium bound for america, owned by an australian company, accepted bid from the chinese. for sale signs up, it’s making a lot of noise, floor is set (we hope), is this is a way of atlantic buying elevra more time without ******* ghana off and atlantic having to tell everyone elevra aren’t ready right now and trashing the share price? security against volatile markets because even if they drop dramatically this deal would be a bargain at sub $1,500 per ton.

chat gpt mentioned the pull out clause would be about 1% of the deal, couple of million $. you’d pay that if dfc turned up with funding. can the board still negotiate funding? can elevra still step up?

or are they just greedy humans?

We’re getting bought out for roughly the same price as we’d make in profit for a years production. Literally what is going on. I’ll see this out for a bit longer, hopefully the outcome will help restore my faith in people. Surely the board aren’t this completely braindead and greedy for a back hander. Vince’s family are still shareholders. Go down swinging.

In future I won’t be reading boards like this, I was voicing my concerns about this BOd months ago. There’s a reason they hadn’t shown their face for months on end. There’s brown envelopes with all their names on, one for assore, one for Ghana, one for elevra who have been used as the scapegoat.

They even had the balls to dilute us before this… people are selling because there are actual decent shares run by decent people. even if there are bids it won’t finish above 20-25p and that’s a big if I don’t see anyone turning up.

I refuse to believe this was the best option, it’s got something to do with the Ghana gov.

Assore don’t need to bid until the final hour, why bid now? Lithium price uncertainty. Any bidders are going to be biding their time. There’s no point running the price up this early.

The only people this doesn’t benefit are shareholders. Elevra after delaying now get 6 months to save cash and have a funded partner who will probably have their offtake. Board must be millionaires from over the years, assore probably don’t care less they’ve got plenty of other project generating 100s millions. We can’t even get out at the takeover price for another 6 months when theres hundreds of shares out there flying. There’s nobody coming to bid for this. I just cannot get my head around it, go out on your shield. Rats.

Keith Muller 🇬🇭

1mo

Parliamentary ratification of the Ewoyaa Mining Lease is an important milestone.

It marks the point where years of technical, permitting and stakeholder work, progressed in parallel, now come together.

This isn’t an endpoint. It’s the moment the project moves confidently into its next phase.

Keith’s linked in, what a pathetic excuse of a man.

Can anyone point me to where it says they will match any counter bid? Why would assore not just counter bid 40p and get it instantly matched?

Im trying to escape the reality of that takeover @Metalhead25 😂 stinks of corrupt board. 90% of shares on this market seem to be run by criminals.

It suits elevra, they’ll be fine. In 5/6 months they’ll have another $40m. They could fund the jv now no issues. Nothing but an unlubed rogering this isn’t. Unbelievable for assore to sit back and allow this to happen… obviously getting something behind the scenes.

Where does it say they will match any counterbid?

I wasn’t far wrong with this being down on the day. People are selling because there’s a lot of money to be made in shares with credible board of directors not rats as I suspected weeks ago and was talked down.