Member Info for Cantpickawinner

well after 5ish years of holding this rollercoaster ride of a company i sold my reasonably large stake today. managed to make 25% profit so can’t complain but imo i should have been getting at least 33p for my shares, if only the board had given the shareholders a chance.

i don’t want to be too negative as i no longer have any skin in this game but if you look at it objectively, the board clearly haven’t had the shareholders interest at heart. to decline decent offers considering the cluster**** the ratification of the mining lease turned out to be without even offering a shareholder vote was poor. to then accept 18.8p when in theory the hard part was done and financing a world class, low cost lithium asset shouldn’t be a problem does seem a bit fishy. coupled with the fact that a chinese company and african politics are central to this deal has raised a few red flags for me hence selling my stake. the ricca spin off also still doesn’t sit right with me either so as much as i wanted to stay in and wait for a higher takeover offer, my confidence in the board here has dwindled completely and i can’t help but feel there could still be a sting in the tail waiting for shareholders here. i genuinely hope i’m wrong, i’ve left another 25% potential profit on the table by selling and you’ll all make some good cash off this, but fortunately/unfortunately my brain has had a word with my wallet so i’m out. good luck all, both longterm holders and traders, you deserve a profit just for reading all the boll*cks on here!

We should just rename this board EarEyeAm vs 5toamillion, one rose tinted bull who can’t see any potential pitfalls and one very pessimistic bear who’s clearly disillusioned with the management of ALL. I’m quite heavily invested here annd have been for quite a few years. I believe this will all sort itself out and end up with a very profitable Lithium mine in a few years time. However, whether we’ll see Atlantic Lithium being involved that far down the line and if this company will ever see 30p a share again is still up in the air. The management seem to have a knack for fumbling the ball on this one unfortunately. On the flip side, I’d like to believe there’s been a lot of behind the scenes work going on and there’ll be some very positive news coming soon. I do struggle with why any disputes with Elevra re. finding, percentages etc shouldn’t have been ironed out in the what seems like an eternity we were waiting for the mining lease to be ratified.

Whatever happens, the mine will be in Ghana so they’ll always be exposed to the Ghanaian government. I thought Ghana was a reasonably safe bet compared to other African countries but it seems like they are determined to drop the ball on this one

I’m at the point now where even if ratification does happen, if the share price then increases to anywhere near my 13p average cost price I’ll be selling up and be happy to not be exposed to the whims of the shambolic Ghanaian government any longer. I can’t see this mine ever being built unfortunately, economically unviable in a jurisdiction run by clowns with incompetent management is not really a recipe for success IMO

My point exactly Ramon, lithium mining is not really viable at the current prices, even to established mines so to bring a new mine online in this economic is just bad business. It’ll take someone with very deep pockets, a need for the lithium and high risk aversion to finance this mine build now. I hope my pessimism is misplaced, it’ll be ratified and progress will be made but I can’t help but feel that they dropped the ball massively not accepting the takeover bid.

Honestly, it seems like the mine isn’t feasible at the current lithium prices anyway. FID will be following ratification if that ever happens and I just can’t see it happening with the lithium market as it is. Unless they’ve managed to re-negotiate a very favourable deal I can’t see anyone being in a rush to help fund a mine that will probably lose money.

Neil Herbert did a massive disservice to shareholders by not even tabling the 33p takeover bid. As much as I’ve invested in ALL to try and help the move to a more sustainable future I also planned making money and unfortunately I’ve got no faith in the current management to get shareholder value back.

something fishy going on with this stock. market has lost complete confidence in this stock and it’ll see 6p this week if not today. i cant even see a big re-rate once/if the mining lease does get ratified, i can’t be the only one who has no interest in being invested in ghana or atlantic lithium after this complete ****show. if assore offered 18p now, i’d bite their hand off!

The silence from the BOD is deafening and very concerning in my opinion. Any update would be much appreciated as the directors are getting remunerated quite handsomely and as far as us investors can see we’re not getting value for money at the moment.

if assore came in with a cheeky bid of 25p at the moment i’d gladly take it, just to be out of this **** show of a mining lease ratification process. i’ve been invested in this for quite a long time and was very confident in the management and in ghana as a jurisdiction, however in the last year i’ve come to realise that the ghanaian parliament is occupied by a bunch of children, and the management here are massively over confident in things they have no control over. this will do absolutely no favours for ghana and africa as a whole with people looking to invest. any potential investors will be looking on and realising that even one of the most stable governments in africa is still susceptible to shooting itself in the foot because its politicians put their own interests ahead of the people they’re supposed to represent.