Member Info for 5toamillion

Ear. I think there was a misread, I was calculating the cost for a 50p buyout and you were calculating it for a 60p buyout, I know it makes no odds as to the price we receive my point was they have a substantial discount to any other competitive bidder which will give them the strength to run the price up higher! Bidding war ensues.

50p, 60p, 70p would all be incredibly cheap considering the price of lithium right now at $2000 a tonne, a lot more than out DFS!

Not forgetting the potential under explored value of the license, then cotes license and also don’t forget the feldspar resource of 36.8m tonnes @ 41.9% feldspar averaging $129 per tonne export price in 2024 (according to AI) even a conservative $50 per tonne were talking $750m.

750m shares in issues x 0.7171 to get the amount of shares assore don’t own = 537,825,000m shares.

If they offered £1 they’d have to pay £537,825,000

If they offered 50p they’d have to pay £268,912,500

Where am I going wrong? 😂

Maths was never my strong point

750m x 0.72 = 540m @ £1

540m / 2 = £270 m @ 50p

Sorry to be selfish but i want to top up more sub 9p! Can we wait till April?

That’s a £110m discount on if someone else put a 50p bid in.

£265m roughly assore would have to pay out if they offered 50p. They have the best hand to play.

I’m no chartist but that 3 month graph looks like a cup and handle to me, bounced off just below half way up the cup. If this bounce takes us past 10p the lid comes off.

Do they have the cash for it though? Or will we be delayed while they try to fund it.

Post RAT elevra are my biggest worry, if we don’t get taken out before FID I don’t like the chances of them committing to funding.

Where’s equality?

I don’t believe for a second anyone’s thinking of diluting share holders for a funding gap, we’ve enough cash now to get us into early Q3 minimum which is when the costly work would begin. Between now and then there is plenty of time for negotiation between multiple parties. Dilution would be at project level which AFC or DFC could easily cover, 10% could easily be worth 10-20m and that’s the gap covered. In the grand scheme of things it’s not a lot to give away of a potential 2-3 billion tonne resource. All in my very honest, non biased, non ai, zero due diligence, none professionally consulted humble opinion.

This is probably greedy locals that didn’t own any land in the first place.

they’re blaming the company long term, not the silly****** in office. why are we supposed to pay upfront to communities when we have been frustrated over rat for 2 years? https://www.atlanticlithium.com.au/video-gallery/proactive-investors-atlantic-lithium-ceo-on-potential-of-cte-divoire-projects-and-progress-at-ewoyaa-6gsye-rf47w

Jam. My guess is it could take 3-6 months, hopefully over the past couple of years while the DFS was being worked on they discussed a funding solution and package otherwise this could take longer. Be good to see a letter of intent with regards to funding and how much/which phase it covers. Wonder if there has been any meetings with the AFC with regards to funding, I’m sure Mike would’ve indicated a trip to the offices if that were the case. Makes me think DFC are covering it all.

Dusty you are a proper m*ng, he never said funding would be secured in the second month of the quarter. Doubt we’ll see it in march either.

It’s going to be a volatile couple of weeks, not for the faint hearted. It’ll be swinging until RAT.

What we already know, they may as well just release them all at once when they’ve got them then the resource upgrade. Heading below placing levels today.

Funding is the main catalyst, if the market sees the DFCs willingness to fund then the roof comes off. Currently it’s just graphite in the ground, it’s not hyped like other things like lithium so the market really needs to see demand for our graphite - larger offtakes to fill phase two production and funding are the only thing that get this up to 100mcap and beyond. Even doubling the resource won’t help much, we all know what’s there. Hopefully we get some news on DoD/DoE testing.

Didn’t Mike say we were batting away offers? Why have none of these come to light? Surely price sensitive information has to be announced.