Member Info for 5toamillion

13% free carry, 10% royalties, 6% MIIF state owned, 1% community fund on revenue… 30% in total for the government. Also 3% owndership of ALL, 30% of the company can be bought by Ghanaians if the government were backing it their people would prosper. Lots of jobs. Downstream processing requirement = more jobs + money. Feldspar byproduct processing for Ghanaian ceramic industry = more jobs + money. They’ve got a pretty good deal for doing FA about it. There’s a lot of talk about foreign investment now this is the time to show you’re open for business, to create 1000s of jobs and to inject cash into a poor community.

Npv of half the dfs - $800m at these prices and we’re about to give away more pie. I’m here holding onto hope of a 33p buyout peep and I’ll keep moaning until either that or 0p. Looks like teddy has posted about a desperate attempt from Neil to go and find offtakers so our funding isn’t secure, who knows what merger companies plans will be but I doubt they’re gonna pull through. Jobs f**ked. But you keep your head in the sand.

Has a government ever bought out a company to get their resource back?

Big props for selling takes b*lls which I don’t have, I’m probably over 50k down here and I’m considering everything I’ve invested as a complete loss. Don’t see us getting rat to be honest, we’re an AIM company they’re all destined to be pumped, dumped, manipulated and then disappear.

We have the EPA so surely that box has been ticked? My concerns are how much more they want, currently stands at 30% all in all. They’ve already had increased free carry, increased royalties, float on the Ghana stock exchange, 1% community fund, MIIF investment into the project and ALL and job creation. They’re coming for the tax holiday.

Considering they’ve been granted performance rights of another 1m shares each by 2027 I doubt they will either. Seems the only one doing anything is Keith muller.

So you’re 90% up and it’s painful? 😂 a lot had chance to sell at 50p+. Count yourself lucky you weren’t in at that price.

There’s nothing say the offtaker hasn’t just thought f*ck it with lithium prices being this low we may as well just buy the whole lot for 30-40p a share. Perhaps assore were strengthen their position for that reason too. Ratification is the green light for a takeover bid as that would be the only risk they face if buying now. They’d have no risk with money like we will face next. Our money is in the hands of the Ghanaian government now.

I agree with you50/60p max and that wouldn’t be until at least 2 years into full production when they have cash behind them. Maybe slightly higher when they announce dividends. It would then depend on how much they can grow the resource 3x? Then it could reach £1. How much lithium is in Ghana and would Atlantic lithium get first refusal on exploration licenses? They’ve already said it will change hands when in production. Once rat comes I’ll reevaluate my holding because there is a lot of growth potential, however still risks involved with offtake, FID and dilution.

They had a committee on site during the last 14 months, if none on that committee were NDC then what a complete waste of time it’s been. The new president had nothing good to say about the deal in the past, there’s been a lot of talk about creating jobs and showing Ghana is open/a great place for investment but if anyone’s keeping an eye on this debacle they will stay well away. He’ll have to contradict himself one way or another. They’ve already got 30% how much more do they want? Talks of 50% is a joke. Come on assore, 33p and my shares are yours.

This is beyond a joke

I was thinking the exact same thing, they’re still moaning and whinging about minority and majority. They need a new speaker, he’s like a supply teacher that nobody listens to he needs to squash this sh*t talk and get down to important matters.

Death, taxes and an African explorer going to sh*t?

Neil needs to be begging assore to make the same offer again, they won’t though because they’ll get this for a quarter of the price. Guaranteed.

Https://3news.com/news/ghanas-8th-parliament-dissolves-ahead-of-9th-parliament-inauguration/

Https://www.instagram.com/gtvghana/reel/DDpFfC6CtbP/

Wonder if ratification is classed as ‘outstanding business’

10p is a formality as Neil says

I’m resolute in my belief this goes below 10p by the end of the month

He’s sat on over £3,750,000 worth of pulsar shares and only £1,200,000 ALL shares and making a generous wage over here. He wouldn’t mind if this took 2 years to get rat as long as his wages are paid, money for old rope.

Too much red tape around the green mining policy and mining in general in Ghana for this to be ratified. Can’t see ratification happening until the second half of the year, perhaps even next year until they’ve gone through everything with a fine tooth comb.