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Assore shares have entered the market im sure they hadn’t before Christmas? Maybe there is a bud coming 🤔

Sure it’s scaremongering for oems etc to start finding new sources, they may even start mopping up companies like Bres on the cheap for supply. Could be a squeeze coming.

Under certain circumstances yes they do. However I think if in this case they were to do so people in the know would have sent the share price north piling in.

Https://www.lse.co.uk/rns/ALL/maiden-feldspar-mineral-resource-estimate-k3tw8txnlhuebkn.html

15.7mt @ 40% for the first 5 years of mining, another potential 7 years worth along side the lithium at $100 per ton I think there could be significant figure in there no?

Taking the attention away from the problem we face currently.

"With only the first approximate five years of planned lithium production included in the Feldspar MRE, there is significant potential to further grow the resource. The Feldspar MRE will then be incorporated into the ongoing Feldspar Study which is evaluating the prospective market conditions and viability of producing feldspar at the Project. Results of the Feldspar Study are expected in Q1 2024.” Why didn’t we get any update on this study? Are they keeping a lid on it to stop the government getting too greedy?

Only assore can save us now, they clearly want to put their stamp on things by renegotiating licenses. Bad news. DFS figures will be shrinking.

I thought our government was bad.

Ramon, did you notice if the bauxite approval was on the list?

Read the first three lines?

It is naive to think there won’t be a raise over the next year, the dfs may be funded but wages aren’t covered. I sold a few months ago because I anticipated a raise, bought in a week or two before the actual raise! 😂 had major fomo. It’s a great project and we may not see the gains we want until funding is secured. I’ll average down over the course of the year because I believe the company could be worth anywhere between 20-50m post funding and up to 100m towards full production. Forget the noise, long term hold for me. GLA.

No buy out until rat. No rat next week, like you say ndc are greedy. Could be 2nd quarter next year now. Pump a la dump.

It’s 30% of the total voting rights, I think they’re still under at around 27% no?

If he knows what’s in the ground (could be 2billion tonnes) what’s there to get depressed about, he knows we’re potentially sat on something big. Keep moving forward, keep networking, get that dfs done and funding to follow and this will re-rate.

FID needs to happen before MIIF investment and mergerco. Does merger co have the funds or are they going to delay it by applying for a loan? Still a lot of hurdles to jump here. Need a recover in spod price for a good deal on our own offtake. Our best chance of a return is an improved bid from assore, could be waiting a couple more years without them and I don’t want to wait that long. Rat for Christmas, 40p assore bid for new year and I’ll be delighted.

Please stop ramping, this won’t go to 40p on ratification.

I’m forgetting what the price is, having rewatched some interviews and looking back at the news flow everything’s lining up nicely. We’ve got the DFC on the hook, china and now EU. Yes the dilution was a bummer and the warrants may be holding the price down but when the dfs drops and the prospect of funding comes things will soon heat up. I think china will try and take this out when the dfs is released with its expanded resource, are the west going to like that? Mikes throwing all the spices in the pot and soon enough the heat will be turned on. Im just hoping I can buy more before this takes off!

Could see a last minute recall to spice things up this week. Fingers crossed!

I don’t think it’s the amount, they weren’t calling on it all upfront just as and when. I think they’re struggling with pricing, ALL might want $1000 per tonne for example as that could be the market price when it’s produced but the offtaker might only want to pay market price during the time of construction if you know what I’m trying to say? They clearly believe they’re ina strong position to be able to turn the offtaker down and not agree on it. MIIF investment and mergerco’s money comes before that so it’s not quite desperate measures just yet.

I do agree with you on that, negative Nancy and the assore takeover post rat. Ratification will take us to around 20p then an assore offer of 40p is my guess.

What I gather from that is that they can’t agree with offtakers? Highly doubt it’s gonna be green, i feel this is going to slip under 10p over Christmas and into the new year.