Member Info for 5toamillion

‘- Newly reported assay results extend mineralisation at the Ewoyaa South-2 and Ewoyaa North-East deposits, outside of the current JORC (2012) compliant 35.3 Mt @ 1.25% Li2O Ewoyaa Mineral Resource Estimate1 ("MRE" or the "Resource")‘ sept 6th rns.

There’s no doubt about the numbers. We still need to confirm stage 3 funding with PLL, dilute our shares on the Ghanaian stock exchange and find $38million to fund the rest of our side of costs for construction. Hopefully we start to see some offtake agreements to cover it. I think this is where the markets doubts are sat.

On the bright side like it’s been mentioned before only 3% explored! Potential to double or even triple our resource which was once mentioned in an interview. On top of that with us having great relations with ghana now, becoming the first lithium miner in the country I imagine we’ll get first refusal to more exploration licenses which will be fully funded from future revenues ewoya creates. Increased lithium demand being the icing on an all you can eat cake.

Sounds to me like a resource upgrade is on the way along with some new exploration licenses maybe?

I imagine they’ll get it done before production, they’re going to want a cheap entry price

We’ll be in the teens before long

Both companies are much further down the line than ours with offtake agreements. Leo’s npv nearly twice ours. Am I missing something or would $300mcap fair value if not over priced?

I see more big sells, hopefully it’s the weak clearing a path for the institutions to gather shares up. They’ll be waiting for the dust to settle and FID from piedmont before entering. See what happens over the next few weeks, be nice to see an rns with the plan moving forward.

Saw it coming myself. When we hit 60p lithium was flying and traders were making a fortune, clearing being pumped.

It will move on the news but I think it’ll retrace each time. I’m certainly invested there’s no doubt about that, just preparing myself for the long term instead of wishing to retire by 32!

It’ll stay at these levels until we start pulling it out the ground, there’s bigger money to be made elsewhere I feel that’s why traders are interested for now.

1st point fair play

2nd point the $1million came 5 months after the last placing, how much of that money do you think they’d spent by this point? And if those milestones are delayed or the company share price doesn’t react as anticipated to exercise warrants then what?

Don’t get me wrong this has the makings of a great company and it’s a bargain at these prices!

You’d hope they’d have turned a new leaf judging by how much publicity there is. Fingers crossed it drops this coming week!

No company on aim ‘plans for a raise’ if they said they were planning on it that would drop the share price before the chance to. The million they’ve just received and further 4 million they are due to receive is not to pay director and employee wages it’s for the dfs. How do you expect them to pay for that over the coming months?

Personally I think a raise is on the cards that’s why it’s being held back. £600k raised in June to fund the dfs over the 4 months I imagine they’d have spent the majority of that, funding from the dfc now can be put towards further advancing the dfs but it doesn’t pay wages does it?

I hope I’m wrong, I just think the markets factored it all in since the MIIF jumped in and the tweet the other day. The only way I see this moving past 30s before production is an offer on the table. Might just be being pessimistic to save myself the disappointment.

I can’t see it budging even when the rns lands, probably be down on the day

We’ll be issuing shares onto the Ghanaian stock exchange, as part of the deal for a mining license.

I’d like to think so, hopefully double or triple the resource in the long run. Dividends etc. apparently there were offers on the table months ago but news never got released about them, I want to know how much they were then!

Agreed, I don’t think we’ll see 50p for another year

I wonder What ever happened to the offers we received for our share of the protect? News on them never came about…