Member Info for Chislehurst

Volvo maybe.

In the interview thought PG said that permitting would be sorted in the next week or so.

I suspect Canaccord Genuity will be handling a few more offers off the back of this magnificent PFS. Well done team.

Highly likely in my view. Double edged sword though, as it would muddy the waters re any potential takeover.

"so once the ALL stock is on the ASX, do we lose all our shares?"

No it will be a joint listing. LSE and ASX. But the ASX market is more mining focused and is expected that the listing there will allow a more realistic value for Atlantic. The Board believe that we are currently very much undervalued.

No doubt you will recall Vincent stating that Atlantic are of similar size to Core apart from Core were 1 year further down the line towards production. Remember, Atlantic have a greater lithium resource (currently stated as 30.1mt) and lower operating costs of $247pt. Core's operating costs are $423pt (source diggers and dealers 2022). Therefore it stands to reason that Atlantic are well placed to supply the auto manufacturers with product at a more competitive price.

What will be really interesting to see from the forthcoming PFS is the lithium price used to evaluate the Company project development (the price used for the December 2021 Scoping Study was US$900/t, significantly lower than current pricing circa US$6,500-7,000).

I believe Atlantic Lithium's shareprice will re-rate in the next few months, the catalyst being the ASX listing in a couple of weeks time and the PFS. Macro economics may cause recession and dampen demand for EV's but demand for lithium will still far outstrip supply. I have every confidence that this stock will provide sizeable returns for shareholders going forward.

Confirming tweet from Keith Phillips this afternoon. Perhaps Atlantic update / PFS later this week. It will only be good news. Onwards and upwards!!!

"Big week. Monday in NYC with @YahooFinance & @Nasdaq. Wednesday grand opening of new HQ in Belmont NC. Thursday we unveil the site for #LHP2. Continued progress at #NAL with @SayonaMining and looking forward to Ewoyaa from partner @AtlanticLithium. Buckle up! @PiedmontLithium"

"People often comment on his lack of hygiene and diminishing personal appearance. " Probably why he couldn't find himself an English rose, or a Welsh one...

Well at least we won't die wondering. £3.3m is a decent chunk of cash and will allow wells to be drilled and tested this year. It will also allow PRD some breathing space to sort out T&T and Ireland.

Quite frankly £4m is a drop in the ocean. My broker (house) advises that the Company were expecting / hoping for £150m.
At least they are starting to make some progress at Saltend but some kind of financing / investment will be required in the not too distant future. Just get it done Paul and put an end to the speculation.

"The Company is proposing to offer..." doesn't mean it's proposal was agreed to by the "successful" candidate.
Also, whilst I am making a rare appearance here, Lonny please do not tweet unless you are clarifying an ambiguous Company RNS or providing background information. All those nudges and winks aren't very professional. Apart from that, keep up the good work!

Piedmont selling - absolute nonsense. Think, why would they be selling if their aim is looking to buy (or be in the running to buy) the whole of Atlantic Lithium? Any change in their holdings would also be notifiable to the stock exchange.

Sorry swest42, bids have materialised, it just takes time to evaluate. Canaccord Genuity were bought in specifically on the 4th April to deal with this matter.

"In recent months, Atlantic Lithium has received unsolicited enquiries from multiple parties interested in acquiring all or part of the Company and/or its assets. Canaccord Genuity Limited will assist in evaluating the merit of these enquiries."

Remember, they have sadly lost Vincent (who worked tirelessly night and day) and are trying to push forward with the PFS and development of the Ewoyaa Lithium Project with Piedmont Lithium. They do not have the resources to spend time reviewing what was on the table (plus more recent approaches) and the associated implications. Approaches for all (or part) of the Company will take considerable time to weigh up (in my experience closer to six months). I should imagine that Cannacord will sort out the best three and present them to the Board of Directors for analysis. The Board may then inform shareholders of the best bid(s) and either recommend approval or rejection. It could well be the case that the Board believes that there are greater returns to be made from pursuing the road to production, after all, prices of Lithium Spodumene Concentrate are still very high and our capex will be very low. We will have to be patient and wait and see.

"Piedmont on a 5 day site visit to the Ewoyaa Project area, Ghana". Got a few experts in there, no doubt to ascertain how big the asset is. I have no doubt that Piedmont are one of the potential suitors that Canaccord Genuity have on their books. Within 6/9 months I expect to see a bid for Atlantic Lithium.
Today's price drop (below 30p) was outrageous, but that's markets for you. I topped up earlier in the week in the high 30's, should have waited, but I am 100% convinced I will be well and truly rewarded. We have an enormous resource, in a relatively safe country which will be exceptionally cheap to produce. Supply cannot keep up with demand and this will be the case for another 10 years. Imho Strong Buy.

Swest42 - I agree. Just turned up when the licence is required. Plus would possibly muddy the waters for any future takeover. But if it's part of doing business in Africa then so be it. We have a huge resource and it will make shareholders money.

CEG's Trinidad and Tobago operations generated a cash operating surplus in Q1 2022, based on production that averaged around 360 bopd, and realised oil prices across the quarter averaging approximately US$83 per barrel.
Prices in Q2 are higher (say US$110) so if they were generating circa US$30k per day revenues in Q1 they will be generating quite a bit more in Q2. Therefore, CEG do have something that PRD can go after. Plus, with our CO2 exclusivity, costs should be lower. I agree that anything involving lawyers can suck money down the drain but if we are successful in our litigation, a producing asset can do no harm.

Keith 100% correct. PRD has exclusivity of CO2 supply in Country. I think we will end up with most of their assets.

It might be difficult for Atlantic to refuse the Ghana Infrastructure Investment Fund (GIIF) taking (let's say) a 10% stake in the Company. The Fund is wholly owned by the government and it only invests in companies where the relevant approvals, permits, licenses and concessions have been received from the relevant government agency. Knowing a little about African politics it might be easier to agree to an equity investment to "facilitate" any permitting requirements later this year.
A GIIF investment could be viewed as a double edged sword. On one hand you would have an equity stake say 10% in very sticky hands, they would be invested for the long term. They would buy stock in the open market driving a supply / demand upward movement in shareprice. It could also be said that such an investment could muddy the waters should it come to a takeover bid (which as a major shareholder, the Fund would have a say).
Atlantic Lithium doesn't require funding as it already has Piedmont as a willing partner but it might require a useful governmental investor who want a piece of the action.
Either way, with Canaccord Genuity processing bids on the table, a potential GIIF investment and not forgetting an ever increasing resource base and spodumene price, there is only one way this share is going in the next year or so. Enjoy!

This is just the start...

S42, I agree to a certain extent. Macro economics are looking increasingly gloomy. However, you say people won't be buying any EV's. This is not too much of an issue for now as most EV manufacturers are already sold out for this year, plus, they are having to limit their production going forward because of scarcity of key minerals (most notably lithium) which really plays into our hands. I still maintain that #ALL is a relatively safe haven as an investment because of future lithium demand plus we are undoubtedly a takeover target.