RE: Radio silence14 May 2026 09:23
Recap of what happened in 2023
''Specifically, the board rejected the offer in November 2023 (and a previous one) for the following reasons:
Undervaluation of Key Assets: The IBC determined the 33p offer did not reflect the true value of the Ewoyaa Lithium Project in Ghana.
Near-Term Producer Status: The board argued the company’s position as a near-term producer, rather than a speculative explorer, warranted a higher valuation.
Upcoming Investment: The potential investment from the Minerals Income Investment Fund (MIIF) (a Ghanaian sovereign wealth fund) was not adequately reflected in the 33p offer.
Positive Lithium Outlook: The board cited a strong, positive long-term outlook for lithium project developers, which they felt the offer ignored. ''
They did not have the decency to put it to shareholders. To accept this offer now in my opinion stinks to high hell.