Member Info for Chislehurst

So Lonny reckons 14p ++++++ by end of month, unless they are kisses in thanks for his options xxx

Err that imho is a rubber stamp...

You can't beat the trend, #ALL will continue to rise for a while yet. There is a lot of US interest hence the strength later in the day. Why sell something that you know will be a lot higher in the next 12 months???

PRE should be on the cusp of being a great Company. For me it is currently being let down by poor communication and an expensively assembled management team who have scant regard to keeping to timescales. It is frustrating to say the least to see so many delays.
I don't buy into the conspiracy theories or agendas, a handful of posters on a chat room are not going to make or break a company. At the moment the only finger of blame can only be pointed at the management. Perhaps they are struggling to get access to the Government grants that they suggested might be available.
Paul Atherley talks the talk but.....
Of course, some on here have huge sums invested so won't hear anything detrimental to be said about the Company. I am a realist and have been a private investor for 30+ years. The Company (and some shareholders) should accept criticism when it is justified.

Bid:39.9p Offer:40.2p Change:2.781

FINANCING
• Main financing ATF, BOND, UKEF, Private Equity, bilateral and local banks, Institutional Equity
• Strategic co-operation / offtake agreements
• 3rd party feedstock partnership agreements
• Strategic JV partnership (Equinor)

This is the part I was most interested in. I was happy that they were exploring these options ahead of a share placing. If they can agree an offtake partnership (similar to Atlantic Lithium with Piedmont Lithium) that would be excellent news. Where partner stumps up the cash for a percentage of the product and accelerates the road to production.

Yes I think you are right, it's now available on the Website under Angola Mining Diversification Webinar.

https://pensana.co.uk/wp-content/uploads/2022/02/Pensana-February-2022-DIT-Angola-Webinar.pdf

Around 3AM this morning (UK time) I saw on my Twitter feed an updated presentation dated February 2022 for Pensana. It appears to have been taken down. Keep a look out, something should arrive soon, unless I was dreaming of course...
Didn't read it, thinking I'd have a look later but alas it's no longer there.

Maybe PLL (it makes sense) but they would need a lot of debt to buy the rest of ALL. Not sure they are big enough. They are already seeking funds to finance their 50% of Eyowaa. Of course, it won't take long to repay creditors but I have a sneaky feeling a bigger fish will snap up ALL with a knockout offer. But saying that, PLL have contracts with Tesla for future supply of spodumene concentrate for five years so maybe Tesla will give them financial backing. We'll find out soon enough.

Apologies Possetwolf and Alfreddie I misread the thread.
Depends what you are looking for.
Established safe jurisdiction large producers e.g., Albemarle in the US or Pilbara Minerals in Australia where prices and value have to a certain extent have already been priced in, but no doubt there could be a lot further to go. But you would be paying a premium.

Maybe near-term producers e.g., Core Lithium in Australia look decent and are well positioned to be Australia’s next lithium producer. Vincent compares Atlantic with Core and reckons we are about 12 months behind them but our MktCap is way below theirs. Piedmont Lithium in US expect to be producing from 2023, Atlantic (late 2023 but realistically 2024). Piedmont have to raise money to get all their projects up and running (including their 50% of Ewoyaa). Atlantic don’t really have to raise any capital, as Piedmont have pledged to fund to production. This makes Atlantic very attractive (in my view) with a huge potential upside in shareprice.

Or prospective Companies e.g Bradda Lithium (BHL) in the US, they might be sitting on a huge prospective resource but there will be a lot of fundraising and feasibility studies ahead before they get close to mining (7-10 years perhaps). There could be money to be made here on the prospects and they have done well so far but be careful not to be caught when the serious business of fundraising starts. There are some well-known ahem rampers involved with this stock... unlike me with Atlantic...
DYOR

You posting as Possetwolf and Alfreddie? Same as on RMM? Beware!!!

https://globalmeet.webcasts.com/viewer/event.jsp?ei=1525432&tp_key=72b8e3a280

You may have to register your email address to view.

See link for Keith Phillips (CEO Piedmont) interview where he discusses all things lithium. It is a decent discussion and he touches on Atlantic Lithium / Ghana from around 24.20 mins. Note - this is about Piedmont's activities. Couple of timeframes discussed for Ghana were Pre Feasibility Study should be available April and Definitive Feasibility Study by end of year (when construction decision will be made).

Yes and again, it looks like we have to rely on the Yorkshire Post for new information relating to Pensana. What on earth are their PR Team up to? Let's hope the "Post" have got an Angolan sibling paper who can provide footage / info. about how the mine development at Longonjo is going - no s******ing at the back!!!

Yes you are all correct, the forecasted SC6 long-term price of circa US$1,000/t seems way out of kilter, even since Atlantic's presentation of Dec. 2021. But they have to be conservative with long-term forecasts and though the current price is much higher, it could easily drop during the latter years of the mine's life to below that figure when the supply side picks up considerably. But that, in my view would be >10 years away. So plenty of upside from here.

If you have just heard about Atlantic Lithium Limited (ALL) and wondered what the fuss is all about here are my slightly biased views:
- ALL has a flagship Ewoyaa project ongoing in Ghana, it has vast proven lithium resources
- Only 13km2 of 560km2 tenure portfolio drilled to date in Ghana plus 774km2 (undrilled in Côte d’Ivoire)
- Significant potential to grow resource base within proven Li pegmatite field
- Further discoveries will extend Ewoyaa projected mine life of 11.4 years (highly likely)
- Strong Community programmes and engagement – plus a very supportive Government
- 98% Ghanaian and Ivoirian employment = low carbon footprint
- Ghana has 1.58GW of hydro capacity – green energy adjacent to deposit footprint
- High grade SC6 (Lithium Spodumene Concentrate 6%) with low contaminants
- Target production projected end 2023 (but experience tells you more likely H1 2024)
- Projected Annual Production 299,000tpa of SC6
- Average Life of Mine Opex in Ghana US$249/t (after by-product credits)
- Forecasted SC6 long-term price of circa US$1,000/t = huge netbacks to ALL at these prices
- Payback >1 year and SC6 prices look like they will be a lot higher than published forecasts
- 110km (sealed road) from project footprint to Takoradi port
- Takoradi being re-developed as a major West African oil, gas and bulk minerals hub
- Piedmont Lithium Limited (PLL) has a 9.91% stake in ALL
- Offtake Agreement (US$103m) for 50% of the annual SC6 production from Ewoyaa mine only (free carry for ALL)
- Leaving ALL with an unencumbered right to place the remaining 50% of Ewoyaa’s and 100% of any other production
- Cheaper to ship SC6 from Ghana to Carolina (PLL processing facility) than from Quebec
- PLL facing community and environmental issues in the US and Canada causing delays
- PLL has entered into supply contract with Tesla plus has relationship with other US based auto makers
- No further requirement for funding and dilution for ALL
- ALL retains 100% Côte d’Ivoire lithium assets
- Cash circa US$20m available for future growth initiatives
- Lithium supply / demand with be in deficit for many years to come underpinning prices
- With its 50% share of Ewoyaa production – this alone makes ALL an attractive takeover target for downstream customers
- ALL will either be bought out at a large premium or will make huge profits from production

What can go wrong?
- WW3 (Russia / US get angry)
- Ghana Coup (stable at the moment, but it's Africa...)
- PLL get cold feed and pull out of Ewoyaa deal (highly unlikely)
- Lithium prices itself out of EV battery market (but new technology would take time to develop >7 years)

I own many shares here, so of course my opinions are slightly biased, DYOR.
Holding shares in ALL will be a win win. I continue to buy the dips.

AIMHO

The SDM spud was in Egypt.

SPUDDING OF MSD-25 WELL AT WEST GHARIB CONCESSION EGYPT

https://soundcloud.com/user-596578261/vsa-capital-morning-miner-180122?si=b63aec1b6e394a00b5ea591d6e3efe32&utm_source=clipboard&utm_medium=text&utm_campaign=social_sharing

#ALL from 1.58mins
Eyowaa will be "Not just a producing mine, but a big producing mine".
Also sounds like Piedmont may fast track Eyowaa as there are local opposition issues with their North Carolina start-up hence increasing the likelihood of delays. Piedmont have to satisfy their lithium delivery contracts with Tesla's Texas battery plant so may now source this from Eyowaa.

The news here just gets better and better!!!

https://themoneycog.com/news/uk/2022/01/stocks/mining/is-atlantic-lithium-one-of-the-best-uk-stocks-to-buy-now/

Lithium is not a scarce resource. If the price carries on rising or even stays at this level the majors are going to divert funds from mining other metals to mining lithium. ALL is fortunate that it has already got the permitting, the discovery and funding to fast track production. There will still be a huge supply / demand issue in 2024 through to 2030 but do not rule out much larger production from majors and a shift away from lithium batteries should the component cost become too high. Alternative technology is the only medium term risk. I believe that ALL is in the right place at the right time, I topped up with another (circa) 50k this morning.

I am familiar with the curve - thank you for asking... I haven't seen a meaningful production date (subject to successful drills, studies etc.) before 2030. I'm sure Nigel Wray will make a few bob pumping and dumping, but 2030 seems a long way off. I invest in lithium through ALL where production is expected early 2024 and is fully funded. Maybe BHL has certain appeal for early discovery but it carries far more risk. I always look at funding and production before any mining investment hence original question. Good luck to all holders.