Member Info for 5toamillion

Yes, because a couple of comments deters investment not a 30% drop over 2 days with warrants overhanging.

It doesn’t matter what the price is to them, they make money either way. They’re going to be battling with 2p warrants to sell, which is where this is headed.

A normal placement would’ve been the way to do it, this has had exactly the same effect but no we get sold into every rise. It’s okay, Cedric has emailed the DFC and got an automated response so now we’re basically funded to production.

Might see some resistance at 2.7/8p

Hello everyone thanks for tuning in, first off id like to say we’re 20% down since our Fluorspar & gallium MRE. We’re going to blast through the £2m we’ve just raised and our current cash within 3 months but don’t worry metallurgy is underway, hree resource estimate might come ‘if there’s enough’ by then we won’t have enough to pay our own wages so we’ll do another quick raise. Thanks for tuning in.

And 40 million warrants…

Trouble is when elevra bounces we don’t. Has Mike lost his tongue? Shareholder communication is appalling.

@Nutty1013 dropped below 50sma, dilution and warrants. 3p is coming. People wonder why US investors don’t touch uk stocks 🤣 more insider trading than them.

Insider trading yesterday knew this was coming, massive selling on no rise. Warrants churned.

No. Warrants are going to get sold still plus dilution, sub 3p inbound.

Exactly what I said would happen and got shut down for it. Too many rampers on this board.

Hindsight’s a wonderful thing. Let’s hope they get this resolved this month otherwise it’s single digits again while lithiums booming.

That price tag is only offered to our long term partner & investor and the government of Ghana, it’s already attached from the initial MIIF deal and that is where we are currently valued.

I personally prefer a scenario where we keep more of a % increasing our buyout value in the long run, we aren’t getting ourselves into unnecessary debt to bail a partner out that hasn’t kept up with current commitments and we aren’t as reliant on one partner.

Since it’s not a priority they won’t mind taking less of a stake for less upfront costs and monthly calls. They have the money, they just don’t want to spend it. 30% is still great exposure to this project, they need debt funding for a lot of their other projects but reducing their stake here allows them to put cash upfront to get it moving and keep up with cash calls but also having enough in the bank to fund the first stage of NaL expansion over the next couple of years.

Each to their own I guess.

Atlantics current shortfall is technically only around $10m, why do we need to get into debt to help elevra?

If elevra reduce their stake and MIIF increase theirs and both put $35m upfront there we have the initial $70m and then further monthly cash calls. Elevra have more than enough cash to do this, keep up with monthly cash calls and still fund the next stage of their expansion at NAL over the next couple of years.

5toamillion

Member since Oct 2021

Posts: 1,061

Price: 3.80

RE: Hands up ....Today 08:46

3.5p finish today

Why don’t I listen to myself 🤣

50sma hit a 3.5p. Might see a bounce from here.

Doesnt look good to American investors, share price getting battered around. Otc listings a lot of the time are a none event.

From last assays for Iyan (24th Feb) to jorc update (6th march was 8 business days.

Beehive (30th April) jorc 13th may? Potentially next week.

I think these delays in assays have had a knock on affect for funding, if the DFC were entering at project level equity it’s hard to agree a price/percentage for phase 1 when we’re literally about to double the resource.

Hopeful of the update next week and I can see it quickly being followed up by funding by the end of may/early June.

Warrants must be drying up, decent cash position and very close to some announcements..

Long state must nearly be finished also. Gov of Ghana and MIIF are going to go from shareholder enemies the past two years to hero’s over the next month/2.