George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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For everyone who complained about the hugely discounted fundraise, now is your opportunity to buy in at close to wholesale price. You are either in it or not, the choice is yours, but for the believers - now is a really good time to top-up.
Will Atlantic Lithium be granted a mining licence - Yes
Are the Ghanaian government ensuring they are seen to be doing a thorough job - Yes
After the Piedmont short attack in March, everyone has to be on best behaviour. The opportunities for Ghana and it's people are immense. They will not want to waste such an opportunity. I also suggest that investors today are also getting a huge opportunity to buy into a well-funded and ultimately a hugely profitable lithium company at ridiculously low prices. Demand for lithium is not going away.
Not easy to raise circa £10m in today's primary market. The Company can now move on at pace. No use crying over spilt milk - it's done. I bought some more at 18p last week, poor timing on my part but just part of investing. Support the Company or move on - your choice.
If you are doing proper research why would you skip through the interview? The saying you can lead a horse to water but you can't stop it p*s***g in it comes to mind...
Wouldn't mind seeing the Team have another crack at MOU-2 to discover what is under that sticky mud seal. Probably no need now, but I'm interested. Great RNS this morning. These 4p rises could be the norm soon.
Bankruptcy, good points well made.
I worked in the City for near on 40 years and would now, always pick share investments over deposits in a bank.
I have made and lost fortunes over the years (dot com boom / bust - 9/11). The losses were generally my own fault for following the crowd and not doing enough research.
I used to diversify quite a bit, say a dozen shares but now prefer to manage 3 or 4 shares that I thoroughly research. That way it is educated gambling (I accept not every investment is 100% secure) but only having a handful of shares really can create wealth. Depending on your risk tolerance, there is a risk reward factor i.e. some stocks will have a higher risk but the upside if they come off can be life changing. What is most important with any stock investment is their finance. Atlantic Lithium are well supported with their tie-in with Piedmont so I am comfortable with my investment here and demand for lithium is not going to go away.
Why has the share price here fallen. DFS provided clarity and is a must for any potential investor / collaborator.
But the market will not always react as a CEO or Board expects. First soundings I received from contacts in the City were their perception of slipping timescales (until production). Market expected production by end 2024 but now it's forecasted for 2025/6. In their view, plenty of time to invest elsewhere and perhaps come back nearer production. We really have been spoilt by Atlantic Lithium with their excellent news flow and transparency, the Company (to their credit) understand the importance of keeping their investors well informed.
I look at the current share price as an opportunity and if the share price falls much further, I will invest a lot more here as I rebalance my portfolio from successes elsewhere. I tend to invest with a three year view and regard Atlantic Lithium as a strong buy.
I agree, this is seriously undervalued.
In my opinion I believe we will definitely see the DFS next week and hopefully a re-rate. Licensing is scheduled for end Q3 2023 and I hear that there is no reason why that deadline shouldn't be met.
What is causing the shareprice decline? I don't really know. The only thing that would possibly give potential investors cause for concern would be slipping timescales for production. Anyone remember one of Vincent's (RIP) last podcasts where he said "with a following wind we could make production end 2023" sadly, now it's looking more like H1 2025.
I'm here for the long term and I am positive we will all be richly rewarded in the next couple of years.
...the old ramping proverb "You don't want to be out of this, over the weekend" seemed more apt.
You need to be in it to win it (or for balance - lose it).
Exciting times - good luck all long-term holders
Of more interest is the Ricca Resources open offer that landed in my stockbroking account yesterday.
OPTION 1: Do Nothing (Default). You will keep your current holding if you take no action.
OPTION 2: Exercise Subscription Shares. You need to specify the total number of shares you wish to subscribe. The subscription price is AUD0.05 per share; subscriptions above the basic entitlement may be subject to scaling back. Please ensure you have cleared funds in your account by our deadline date. Subscribing holders should expect to receive their new shares as soon as practicable after 11th July 2023.
OPTION 3: Apply for Additional Shares. If you have exercised all your subscription shares on option 2, you may also apply for additional shares. Excess applications may be subject to scaling back. Refunds resulting from this are generally received back from the company within 2 weeks.
Well, they did spend a lot of money on Firering Strategic Minerals. Let's hope it pays off.
The most important outcome from yesterday's announcement, is that it somewhat de-risks the whole project (and therefore, our investment).
We have moved on from; there might be something in the ground to there is something in the ground.
The exciting part now is proving up how much we have got.
All of this helps when discussing financing of the project, raising money, takeover, JV's etc. Importantly, it increases the value of the hand that PG has been dealt by some measure.
I know it is early days and there is plenty of risk ahead, but this is starting to look mega!!!!
Https://twitter.com/OffshoreIreland/status/1667115067525955584
At least the Irish Offshore Operators' Association get it. The quicker Ireland get rid of Eamon Ryan the better.
100% right Keith. Those spivs at Novum didn't make it to the Aimopoly board for nothing!!!
https://twitter.com/TheGeorgeRoach/status/1275730817222938626/photo/1
Also re logistics and getting things sorted in Morocco. They have had a piece of equipment stuck in Tunisian customs for 67 days (now 68) but they believe it will be sorted soon.
A couple of additional points from last nights meeting I noted:
Eytan Uliel of Challener spoke of improved relationship with PRD. One point of note he mentioned that doing business in Trinidad was like the wild west, whereas in Uraguay (where they have a new offshore block) it was a pleasure to do business. He also stated that T&T was marginally profitable.
PG as previous posters have stated was in bullish form, the host was almost afraid to ask him a question.
PG talking about previous funding was not going to apologise for using CLN's because they helped get us where we are today.
Best quote to take away "we are going to make our shareholders a lot of money".
I agree Veteran10, it's always jam tomorrow. Alas, tomorrow never comes.
It will happen one day - Paul promises, I just hope I live that long!!!
One doesn't go without the other. This investment will be followed shortly by the much needed project finance. Then it's all systems go...