Member Info for 5toamillion

Even moblan will sit ahead of ewoyaa, they don’t need or want the offtake they’re just trying worm their way out and keep the 22.5% or get something for it.

If elevra don’t want the 18% we’ll have the lot back! Under no circumstances should they keep their 22.5% unless they find that $70m one way or another.

Makes sense to align it with the value elevra are paying in case of any dispute…

@L0ngterm aint worth sh*t if you can’t get it out.

Of which we will own 40.5% based on current deals - £115m. Share price right now…

Essentially elevra are buying their remaining 18% for $70m and then everyone shares the remaining capex. The MIIF deal was $27.5m for 6%. Which actually gives elevra a better value for money. There’s nothing to negotiate here, get rid of them.

There has been too much talk of state participation for MIIF not to be involved at project level. I don’t think elevra would be bothered having less stake as long as the upfront cash commitments reflect that. Lucas commented on emit being happy about elevra paying the lions share of the capex. However that’s the price to pay to earn the remaining % of the project. As it stands if MIIF earn in 6% elevra would’ve still had to pay the $70m upfront.

The current agreement requires elevra to fund $127.5m of the total $185m capex, this is excluding any potential MIIF investment.

Seems to me they’re already in breach of the agreement, feldspar studies and optimisation all feed into feasibility of the project, since that quarterly elevra have only contributed 22.5%. We should not even be negotiating with them. The pathway and optimisations have been funded primarily by us, yet a 50/50 jv committee votes on it? Ridiculous. Get them gone, MIIF in.

‘During the quarter, the Company spent A$4.2m on its exploration, feasibility, and development activities in Ghana. In accordance with the agreement announced on 1 July 2021, exploration and feasibility activities in Ghana are required to be funded 50% by Elevra, following the completion of Stage 2 of its Project investment.‘ elevra are only contributing 22.5%, this was as per our October quarterlies which have been disputed since then.

Excited for 13p tomorrow justatwat?

I’ve said it once I’ll say it again, the only way anyone makes money here is its sale. Grovel to assore and beg them for tha 33p because this team is out of its depth, Keith may be good at developing mines but he won’t have a clue regarding the situation with elevra.

Trouble with the dispute with elevra is funding partners and offtakers aren’t going to commit any funds until it’s resolved. Arbitration could take a long time.

Where’s your evidence the government can do this? Where is it written in the license? Links please

More rampant dribble, makes no odds to Atlantic lithium they aren’t producing.

Equity stake in the project was 6%, stake in Atlantic was 3%. I believe they will want to get the project equity sorted before any takeover and it would also make sense to increase their stake in the company to maximise profits and exposure.

Must be hard to take justapube when a scatter pea brain was right and you were wrong 🎣

See you at 13p justab*tch

Was I talking crap when I said elevra weren’t interested MONTHS ago? NO

Do we have any current secured/trust worthy funding other than dilution? NO

Do we have a ceo with a decent holding aligned with shareholders? NO

It’s clear to me that elevra want out but they want something for their stake. Unfortunately that wasn’t part of the deal, enough negotiations. Get the MIIF deal signed and force them out.

This valuing the project at $311m, great business.

Here’s a better idea, appoint MIIF to the board, make the 6% deal binding and have a member of MIIF join the JV committee, out vote elevra and move towards FID, force elevra to fund the $70m or relinquish 22.5%. MIIF first right of refusal to step in on the same $70m terms. Job done.