Member Info for 5toamillion

Forest… out of curiosity what were the factors that resulted in the multi bag?

Hopefully it stays at 4p! I’ve nearly half a million shares but they aren’t in an ISA, I need my other shares to go up so I can throw it all at this. The ducks are really lining up nicely here I just hope my timing pays off. In here for the long term either way.

If we were in production in 2025 we’d be at the bottom of the lithium cycle, sort of a blessing in disguise. I’m as bipolar as they come when it comes to this share as I’ve been here a long time but let’s be honest apart from ratification/lithium pricing which is out of the managements hands this has been pretty well run. I do think we’re going to get taken over by assore after ratification but only for the right price, the board have a price in mind and it won’t be accepted unless they offer that.

Https://www.myjoyonline.com/your-request-to-recall-parliament-is-declined-bagbin-to-afenyo-markin/

There will be no bid much to my disappointment. Why bid before ratification? They’ve seen what’s been happening in parliament, very big risk to chuck £180m at something without the final approval in place. Perhaps after? I imagine they’ll be making a play for piedmonts remaining shares with voting rights before casting a bid. Unless they work in concert like rule9 suggests, perhaps the new merger co would prefer assore to take over so they don’t have to make the upfront payments to get things into production, then a simple offtake of the supply. Either way once rats in place the bid can’t be anything less than 40p imo.

Https://code.thetakeoverpanel.org.uk/tp/rules/rule-9/rule-9-1.html

Director buys are also up for approval.

From what I’ve just read I don’t think so, it’s only mandatory if they have 30% of the voting rights which I don’t think they do. Still under 30% according to the TR1. That’s next weeks bid out the window.

At 40p assore will have to pay around £180m, only 30m more than their initial 0.33p bid. That’s for extra exploration licenses granted, considerable derisking factors apart from rat! Not sure on the exact cash amount at the moment but with MIIF subscriptions and placings I’d say it has to be £10m? They know the board won’t entertain 33p to share holders. 40p I think would persuade everyone.

AGM Friday, approve share placing for assore. 40p bid next week. Accept offer, thank you very much.

I think it will. Until dfs completion I can’t see any funding being written up, that’ll be the big news. With funding this could hit 20-50m I’d say! Great potential.

The only successful outcome here is a buyout. If the board denies another 33/40p bid then we’re all screwed.

Then slow negotiations with the NDC who will take a bigger slice of the pie or crush ALL. Even if we get through rat without giving more away we won’t see 20p . piedmont FID will weigh on the share price and when they final decide they can’t fund it we’re left to find the funds again. My guess is a shovel won’t touch the ground for well over 1/2 years

Down we go, assore please hurry up and grab yourselves a bargain. I couldn’t give a f**k anymore.

Assore will step in, piedmont lose everything if they don’t decide to complete the funding. They can’t even keep up on small payments when they had $100m in the bank let alone the first $70m they need to fund. Everyone’s thinking it’s done and dusted after rat, it’s not. We need a buy out otherwise everyone here’s getting f**cked.

NDC are going to try for higher royalties as well. They’re gonna get greedy.

Even if the placing is over subscribed I think assore go over 30%, mandatory offer of 29p on the table? They know 33p didn’t tempt the ceos. Offer can only come after AGM if shareholders pass the fund raise. My guess is they try there luck at 33p again.

Does this take assore over 30%?

Https://thebftonline.com/2024/07/29/chiefs-petition-parliament-for-ewoyaa-lithium-project-ratification/

Resettlement programme scheduled for November now pushed back, farmers already in poverty now left in even more uncertainty. I read an article saying if it wasn’t ratified they’d take the land back. Game over unless the speaker calls everyone back to business.

what a bunch of dumb ****s, let’s get a loan for 250m instead of ratifying a mine that would return multiples of that in taxes causing lay offs and delays to employment.

The only formality now is this going to a sub 50m Mcap, even prem is smarter money