The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Good to hear that Len has been presented with an opportunity closer to home so he can spend more time with his young family. Also good to see Keith maturing into his role with a more comfortable performance.
Outline of timelines.
https://www.voxmarkets.co.uk/articles/q-a-with-atlantic-lithium-finance-director-amanda-harsas-1d42c77/
v o x m a r k e t s if the link fails.
Len has completed what he was originally tasked to do. He was the chief geologist and explorer. Because of Vincent's untimely death Len was promoted to interim CEO. The project has moved on to mine development and then production. The next phase (Operations) will be managed by Keith Muller who is CEO.
Len was a great asset to the Company, but the project is developing to areas outside his forte. I am sure he will do very well for himself going forward.
"Expected some time in May". From Investor meet Q&A
Well to be fair, she is the Finance Director and Company Secretary. In my view, she does a pretty good job in that respect and I would say that the Company communication via podcasts, various media platforms and "X" is far better than any other company I invest in. So whilst I agree that umms and aaars are a little off-putting, the end result is what matters most.
Https://www.youtube.com/watch?v=eXfoWbe6ZxA
Amanda advises at 13.28 on the Rock Stock interview.
To be fair, Malcy is a knowledgeable man in the oil and gas business. OK he maybe a mouthpiece and he is no doubt paid to interview companies when they have something to say. But, he was the person who alerted me to PRD in the first place and I was able to buy many shares at a price well south of todays.
Malcy to his credit tried to get some traction with PG last year in Morocco, but PG brushed him off in a rather terse manner which left a bitter taste after a few years of supporting (and promoting) Predator.
I still read Malcy's daily blog, it is quite useful for a general overview of oil exploration companies as long as you can read between the lines.
Sairfect - 100% agree. Been watching this for a while and suggest the mm's are building stock for the Ghanaian listing.
Had a fill or kill buy order in all day yesterday for 19.4p which wasn't filled. Bought 59k this morning at 19.325, but there's very little movement on bid/offer.
In Neil Herbert's RCTV Interview at Pre PDAC 2024, he stated that he expected Environmental Permit Approval and Parliament ratification to be completed by Q3/24. The Ghanaian Parliament will have plenty of time to discuss. Atlantic should break ground Q4/24.
PRD usually does well around this time as investors fill up their allocation for the current tax year and then invest their full £20k into the new tax year. Not a ramp - just an observation from past ISA deadlines.
Radio Caroline celebrates 60 years of broadcasting this weekend. Many of the former DJ's are broadcasting off the MV Ross Revenge anchored off the Blackwater Estuary.
Available on 648 AM across England, The Netherlands, Belgium and beyond, on 1368 AM in the North/North-West courtesy of Manx Radio, also via Alexa on Manx Radio AM.
It really is a memory shaker for everyone over the age of 60 when pirate radio ruled the airwaves.
http://www.radiocaroline.co.uk/#home.html
Apologies for off-topic but there's not much going on here.....
If you can be bothered to wait then it'll be pounds rather than pence. But no doubt traders will take 40p if offered.
I'd rather wait 18 months and reap the true value of our asset.
"So, multi-penny question, when does it list on the GSE?"
Multi-penny answer - "listing expected by end of next quarter" - so hopefully by end-June 2024.
Hi 5toamillion,
I use Lithium Price Bot on twitter. If you follow it will come up on your feed daily at 5am.
https://twitter.com/LithiumPriceBot
US$15 rise overnight
Each $ rise in spod = US$363,636 additional revenues pa for #ALL
Https://www.youtube.com/watch?v=fpJ8VGpUKUU
Justin Waite and mining analysis John Meyer discuss Atlantic Lithium. General discussion about lithium focuses on Atlantic from about 7 minutes.
I would drill and drill - starting with MOU-2 which I believe will deliver the biggest prize.
US$20m would allow 6 or 7 targeted sites and allow the company freedom to breathe unconstrained by penny-pinching measures. All IMHO
Would you give up 10% of Guercif licence to ONHYM for US$20m? I think I would, maybe even reduce holding to 50% to allow maximum drilling of licence without shareholder dilution. 50% of a lot, is still a lot.....
Great find Teddy.
So the number of potential (and preferred) offtake partners has been reduced to 5 parties.
Our all in sustaining costs (AISC) are circa US$675/t and within the lowest 5 producer costs in the world (not forgetting that some Chinese producers don't include Waste Management cost in their figures).
Note BYD have announced huge price cuts that will change the ball game for the EV market.
- BYD cut its hybrid BYD Song Pro DMI by 100,000 yuan (US$13,890).
The reasons for the price cuts? #lithium carbonate oversupply pushed prices significantly down. Battery costs are down. And BYD's scale and output has increased which dropped its unit costs.
Tesla shares are now down 38% from highs. They no longer can control the market as it's opening up. Cheaper battery costs will equate to higher sales and greater demand.
Spodumene Concentrate (6%, CIF China) is now up to $1,006.00 and has clearly moved up from it's floor.
Atlantic Lithium's shareprice has languished around 19/20p for a while and I believe it will also move up from it's floor.
I have bought some more shares this morning.
Chesh,
You must be in a very boring office job to post so much.
I hope you enjoy what you do.
All the best...........................! :)
Last time there was a sizeable rally PG was a party pooper and sneaked in a small fundraise. This time around PRD have sufficient funds for "advised" 2024 projects. Plus there are 2 strong catalysts for a strong shareprice rise now - Morocco and Trinidad both potentially providing transformational outcomes for the Company. Ireland could also surprise later this year.