Member Info for AinsleyH

Many have already said the same, but for me this is a good buying opportunity. The fundamentals remain the same, albeit with a slight delay. I've made some small additions to my position.

Quick AI generated summary of the article:

• Ghana is facing a race against time to capitalize on its recent lithium discovery as global prices for the mineral decline and synthetic alternatives emerge as a threat. Despite signing a lease agreement with Atlantic Lithium Company in October 2023, the project has encountered public backlash and concerns from local communities.

• Stakeholder engagements, including a public hearing in June, have been conducted, but the youth in the affected areas remain skeptical about the potential benefits and environmental impact of the mining project.

• The fatality of a worker at the project site has raised safety concerns, leading to a suspension of exploration activities while investigations are ongoing.

• Local farmers express worries about losing their livelihoods due to land acquisition for mining and demand fair compensation packages.

• While the government defends the agreement, citing potential economic benefits and a 10% royalty rate for lithium, civil society organizations argue for a review of the Minerals and Mining Act to align with the negotiated fiscal terms.

The stream is now live and it looks to be far busier than yesterday. So far, discussions have been focused around their definition of 'absent',

He flew over on Sunday I believe. However, parliament isn't active on Mondays. Only Tuesday to Friday, so really today was the first potential news day. I am sure we will hear something very soon 👀

I notice that Ghana Bauxite (the company mentioned within the article) only relieved their mining license this May too. A much faster ratification process.

Perhaps the fact that it's wholly Ghanaian owned & Aluminium (which there is a precedent for) makes it easier for parliament to sign off on. Fingers crossed we get ratification news soon and get the newsflow rolling in 🤞

Haha, can we get Jude Bellingham involved in the ratification process maybe?

Https://x.com/parliament_gh/status/1800556640091160610?t=OkQU0mRKHG230GVPBxGycQ&s=19

Looks as though Parliament resumed on Tuesday for it's 3rd meeting of the session. Hopefully we'll get some good news from this meeting.

Having said that, looking on the website below, this doesn't quite align with the regular laid out parliamentary session structure:

https://www.parliament.gh/mps

Is anyone able to explain why that might be?

In what sort of time frame PD101? I'd say that at current spodumene prices that's a fair estimate for 2027 when we're in full production and demand starts to really out strip supply.

Now let's say we saw ATH spod prices again... Who knows how high SP could go 👀

Without a doubt, this one will be a dividend ticker to hold for a few years when lithium makes a real return. I'd estimate at a slightly more pessimistic stance that demand will outstrip supply (even with planned supply & future projects factored in) by late 2026 and we'll really run from there. With that in mind, I'm planning to hold until around 2027 minimum.

$400 Opex, but over $600 all in sustaining costs.

It seems the offtake process is progressing well:

"Non-binding indicative offers were received and reviewed during Stage 1, and we now move to Stage 2 with a number of preferred parties."

Watch this space.

Https://t.co/K5rFeW0QWN

Reading through this project development update, it's clear to see they aren't sitting around patting themselves on the backs... Good to see they've jumped right into progressing the project further!

Neil Herbert said in an interview with Vox that the board was unanimous in rejecting the offer on both occasions. The fact that Keith Muller is onboard and they're building out a significant ground team says to me that they fully intend to take it to production.

https://t.co/pTL4PdYNUW

Potentially to do with people's perceptions of 'the country of Africa'. They can't separate quality jurisdictions like Ghana and Botswana from other more volatile countries.

For anyone interested it's called the Lassonde Curve. I only came accross it a few weeks back, but it is a fairly faithful representation of a typical junior miner journey.

At this point, I really have no clue how the market is supposed to react to anything!

Looks like someone got an order in for 450,000 shares, just before it halted! One happy chappy I'd imagine

It looks as though all trading has halted... Could this be an indicator of incoming news? The price wasn't particularly volatile at the time. We will see.