Member Info for Chislehurst

What is the target year for meaningful production?

Agree 100% - steady climb towards 50p this year.

Dumbpunter, really like ALL. If only PRE could find a partner to fully fund activities through to production.... ALL will either make loads from production or will be taken out. Lithium is hot!!! Sorry about off topic.

Surprised that with all the gas shortages in Europe that Paul Griffiths hasn't offered his non-fracked LNG to all and sundry....maybe he has....wonder what contract he has with the supplier?

LithiumPlayer,
PFS = The pre-feasibility study is an early-stage analysis of a potential mining project. This is conducted by a small team of consultants, the PFS is designed to provide company stakeholders with key information such as logistics, capital requirements, and key challenges; all needed to help guide the decision-making process.
DFS = Definitive Feasibility Study means a feasibility study undertaken to a high degree of accuracy which may be used as a basis for raising finance for the construction of a project approved by the Board of Directors.
In nearly all cases the banks / creditors will want to see both (but primarily the DFS). Atlantic Lithium is kind of unique in that it already has buy-in from a larger partner (Piedmont Lithium) who are stumping up US$103m to fast-track the Ewoyaa lithium asset into production. As a general rule, for the typical mining developer, raising construction finance is often the single most challenging hurdle. This hurdle no longer exists for Atlantic, therefore in my view, they are in a fantastic position. Arguably they will either make it to production (by end 2023) or be taken out. Either way the Company is worth a heck of a lot more than 22p a share going forward.

Dumbo Lol, you're right - that would've cost PG a lot of money especially with Malcy's wine bill on top!!!

Rodney Hooper (of RK Equity) research note for Atlantic Lithium quoting some interesting price targets. This is an interesting piece although it has target production date 2024.

https://www.rkequity.com/_files/ugd/affbaa_75b1676bff1b496683177e266af0e368.pdf

Also below, Proactive investors quoting Liberum broker note. Not very detailed, but you get the point...

https://www.proactiveinvestors.co.uk/companies/news/969466/atlantic-lithium-broker-assesses-the-significant-potential-of-co-s-ghana-asset-969466.html

Both articles suggest a higher share price is on the cards.

https://www.share-talk.com/malcys-blog-oil-price-predator-oil-gas-chariot-finally/#gs.iz86kn

Just reading the RNS again plus Malcy's comment "I am strongly of the view that Predator will repay faith of investors and commentators like me as a result of its strong and highly efficient management".

Predator will come good. I'm here for Ireland and I believe news will drop a lot sooner than many suspect.

Good to see Piedmont Lithium presentation today confirming that they are "Earning 50% of Africa's best-located lithium project".
Remember, the Lithium they will be mining in Ewoyaa, Ghana will be cheaper to produce and transport to their processing plant in Quebec than from their mine in North Carolina, plus we get 50%...
Will ALL actually produce any lithium? Personally, I think not - there are many suitors circling, we will be taken out. Not forgetting we have circa $20m in cash to drill our historical Egyasimanku Hill deposit in Ghana and anything else that take's our fancy in Côte d’Ivoire. What an enviable position to be in, if we firm up any of these other assets there is no telling what the takeout price will be. I know this is a phrase that is too easily banded about but in this case it is almost certain that 2022 will be a transformational year for Atlantic Lithium!!!

https://www.proactiveinvestors.co.uk/companies/news/968603/a-fully-funded-lithium-development-play-968603.html/long

A decent review of Atlantic Lithium today by Dr Ryan Long for Proactive. This is a win win - either go to production and sales resulting in huge cashflow and revenue streams or get taken out. I see no reason why this share won't reach 50p in pretty short order.

Paraphrased a few answers to questions: "Larger miners are already knocking at the door for the remaining 50% of product. We are talking to a lot of people."
If they don't meet our valuation then we can see through to production. We have multiple exit strategies that can be adopted. Anyone that wants our project, want it because they want to take it to development. So our strategy is to keep moving forward to development, production and sales, and what usually happens, is that someone throws you a really nice number that makes you stand to attention and have to think twice. As to whether Piedmont Lithium might be interested in taking the remaining 50% or even a chunk of the 50%, that would make logical sense. But we are keen to retain our product. But there are many suitors circling. If not we will move to production after all there are very good cashflow / revenue streams to come." What would you see as fair market Cap? "Many multiples of where we are today, a key comparison would be Core Lithium Ltd on ASX. We have a significantly greater resource than them but they are probably 12 months more advanced". Core Lithium have a market cap of AUD884m @ 1.85 to GBP = circa £478m i.e. approx 3.5 times our size so around 80p.
A very confident presentation which confirms my thought that ALL is a raging buy at these levels.

Makes me laugh that the disclaimer states that people on this podcast "may" have a position in stocks discussed. It should say they "do" have a position in the stocks discussed. They only talk about the stocks they own, it's a one hour ramp-fest.... lol

Bid 23p Offer 24p - up 0.3p from II

Ramping the stock on his podcast whilst selling. Any credibility he had now surely lost…pump and dump hypocrite!!!

The fourth would be Paul Atherley who doesn't understand that talk's cheap.....

https://twitter.com/Toro_AIM/status/1456149495822028801

I couldn't agree more with Toro on Twitter about how undervalued Lithium Companies are undervalued in the UK. The US market has seen companies increase five-fold over the past year. IRR with huge resources and funding to production has hardly moved at all. Hiving off the gold assets may concentrate the minds, but regardless - there is a huge disparity between US and UK Lithium valuations. The US listing can't come soon enough.

The shareprice will take off eventually. The market / supply and demand will take care of that. It is going to happen but you cannot control the timelines, it will happen when it happens and once the upward trend gets going the price will follow. There is going to be a huge shortage of Lithium in the world at just about the same time we will be producing. Simple economics - this share is very cheap. I will be adding to my significant holding soon.

For those not on Telegram (or Betaville) the comment stated was:
"An activist hedge fund is rumoured to have built up a stake in Pensana, a London-listed rare earth minerals supplier, raising speculation the company could eventually become a takeover target."

Mumbles2021 yes that's what I was trying to suggest (50% Longonjo). Saltend keep 100% owned by Pensana as it will be able to process product from anywhere / anyone for a small fee ;-))

Considering the rather sluggish activity in Angola I would tend to agree that PRE might be angling for a potential suitor who will come in and fast track production for a share of the spoils. Similar to Ironridge (IRR) / Piedmont in the lithium field. After all, there is plenty to go around...