Member Info for Chislehurst

Https://investingnews.com/arcadium-lithium-mount-cattlin/?utm_source=twitter&utm_medium=social&utm_campaign=au-prd-editorial-twitter-arcadium-lithium-mount-cattlin/

And so it begins...lithium mines are starting to close down, "few Australian lithium mines being viable below US$1,000".

Todays lithium spodumene price stands at $741.00 so plenty of mines will be hurting.

The article also mentions that there are currently healthy stockpiles so I doubt we will see much improvement soon.

As Atlantic isn't producing (until 2026) this doesn't change much. It may even help if they have to re-enter negotiations with politicians in Ghana. I remember Keith saying in an interview a while back that operational timelines wouldn't be materially affected at Ewoyaa even if ratification was delayed to end-November. But in the meantime we are being knocked by a weak spod. price and lack of offtake news.

A few people need to start earning their keep. Atlantic Lithium Board are all over you when they are trying to sell the project but when it starts to go wrong they disappear. I'm still waiting to hear what's going on with Ricca and Amanda and Neil avoid the topic like the plague.

I am 100% convinced that ratification will occur, but when is anyone's guess - the joys of investing in Africa...not!

Not forgetting that interims are due mid -Sept (2022 - 20th Sep / 2023 - 19th Sep), so an update of sorts will be on the cards around this time regardless.

Thanks to those who provide such valuable insights here, really appreciate it.

LilPeep I hope your family difficulties are resolved as soon as possible. Family and health are the most important things in life.

Regarding the discussion the other day about potential takeover, it's always possible - Assore can come back if they wish. They will be getting a top asset at a bargain price if shareholders allow it to happen.

Overall, fundamentals haven't changed. The Ewoyaa Project has a forecasted OPEX of US$377/t and All In Sustainable Cost (AISC) of US$675/t. Many lithium projects cannot live with lithium prices below US$1,000/t and will mothballed (note it will take a couple of years to restart a project of any magnitude).

Much of the world economy works on supply and demand. The depressed lithium price has made many new lithium mines unviable. It is forecasted that lithium demand will outstrip supply in 3 years time. Atlantic will be producing in volume by 2026. Any new mining projects will take 10 years to get into production.

I understand that the offtake agreement (and associated pricing) has already been agreed (I'm guessing a Chinese party), and no doubt Atlantic were hoping (as we all were) to announce the deal immediately after Parliament ratification. Unfortunately, despite the Ghanaian Government wanting the deal, most of the Opposition party wanting the deal and the locals wanting the deal, the parliamentary session descended into farce with not enough members present to pass the vote. It was purely party politicking ahead of the upcoming elections. Ratification will happen when parliament reconvenes hopefully not too long after 3rd September. There is too much at stake for Ghana and the people for the project to fail. Whether or not the offtake agreement is announced before ratification, I am not sure - it's possible but not a given.

I had #ALL as a strong buy at 25p and then 20p. I am fortunate I can afford to play the long game - many can't; so I can understand some investors frustrations but at 15p I think the stock is in my view still a strong buy. The risk has increased slightly but the risk reward scenario is very attractive at this price level.

I reckon Mr. Martin K Ayisi has to put his sunglasses on each morning when he visits his wardrobe. He has a great selection of shirts.

Talking one's own book springs to mind...

I'm not aware that Atlantic has materially missed any deadline so far.

There are too many people in Ghana (on all sides) who know this project cannot afford to fail.

Doing so would risk further investment in the Country.

It's all about risk / reward and the recent climb in shareprice has caught some on the hop.

Going back to talking one's own book, I have Atlantic Lithium as a strong buy.

Hey Anti_venom - you bought in April 2023 and I guess you were expecting an immediate fix.

Things don't always run to plan. Judging by your posting history you appear to be a little (shall I say) immature.

PRD will deliver when it delivers - simple as that.

We have astounding assets which in time will reward us all, even you - if you stay the course.

Maybe you can't afford to be patient, in which case apologies - but most of us here - can.

I honestly believe PRD will deliver. Whether you are part of the journey I don't know, but continuous sniping is tedious.

Enjoyed that Teddy - Thanks

Hi 000000,

My only bugbear with Atlantic Lithium (ALL) is their radio silence on Ricca.

I questioned why they were spending US$18.6m to advance Firering's (FRG) Atex Lithium-Tantalum Project when Ricca had originally been hived off to concentrate on their (ALL's) Cote D'Ivoire gold assets.

They invested at a price far higher than FRG's 3.15p today. I wrote to the Company and received no response. At the last investor presentation I asked the same question online, but again it wasn't addressed.

Stuart Crow is the non-executive Chairman

Neil Herbert is the non-executive Deputy Chairman

Len Kolff is still listed as Technical Director

Amanda Harsas is Finance Director & Company Secretary

On April 24th we heard that Len was stepping down from the Atlantic Board but there was no mention about his role at Ricca.

All seems rather incestuous, it's a rather cosy set up, but something is amiss here. Perhaps they are embarrassed that they've blown most of Ricca's budget on a non-performing company or maybe that they have failed to list 3 years after being demerged.

Excellent find PD101. It's a shame we don't have a decent business programmes here in the UK to highlight companies.

I love it that the minister is going to write to pension funds to encourage them to invest in Atlantic Lithium.

Investors have to understand that the Ghanaian government are solidly backing our Company. Even the opposition party have interests in Ewoyaa.

Aha - thanks Horult hopefully that solves it.

EarEyeAm,

Yes that is the case, lithium has a history of being both the best and worst performing industry metal.

Supply and demand, low prices say less than US$1,000/t mean that some lithium operations close down or future projects are put on the back-burner. Atlantic are fortunate that their AISC will be one of the lowest in their industry circa US$675/t and can comfortably operate profitably at US$1,000 levels.

If supply dries up and the price of lithium again rises then Atlantic will be even more profitable and dare I say it, even more of a take over target.

EarEyeAm,

Yes that is the case, lithium has a history of being both the best and worst performing industry metal.

Supply and demand, low prices say

EarEyeAm,

Sorry LSE is playing up this morning and truncating my response - see if this works.

Yes that is the case, lithium has a history of being both the best and worst performing industry metal.

Supply and demand, low prices say

EarEyeAm,

Yes that is the case, lithium has a history of being both the best and worst performing industry metal.

Supply and demand, low prices say

EarEyeAm,

Yes that is the case, lithium has a history of being both the best and worst performing industry metal.

Supply and demand, low prices say

Spodumene Concentrate (6%, CIF China)

Price: $1,143.00

1 day: $8.0 (0.7%) 📈

Let's hope those investment and pension funds pick up a few. Perhaps there will be a slight tick-up in price as there is no selling pressure originating from Ghana, just buying, as funds take up a position (if they fancy it). There aren't many stocks on the GSE and the exchange is comparatively young, but Atlantic Lithium will stand out as a premium stock.

Https://www.voxmarkets.co.uk/articles/q-a-with-atlantic-lithium-executive-chairman-neil-herbert-f5301b2/

More details about GSE listing from Neil.

Jimmy,

I don't believe that you are posting as someone else and think you have a lot to offer this board. You raise some interesting points and find it strange that some jump so readily to conspiracy theories. I'd rather listen to straight talking points of view and facts as opposed to riddles (which waste everyone's time). Keep up your posts even though I may disagree on occasion.

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.