George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
The new hydrogen powered generator will be shown at Speedy Hire’s internal Live Expo event taking place at the Exhibition Centre in Liverpool on 20 and 21 March.
https://www.alanguthrieonhire.com/cgi-bin/site-eco-full-details.pl?article_ref=4156&article_title=Speedy-set-to-launch-hydrogen-generator
On LinkedIn they said they'd be doing full coverage of the event, highlighting all the new technologies.
Big up AFC wed/thu then.
"How could this possibly be construed as a delay?"
Nobody knew how long it would take to secure ALL's part of the funding through the offtake agreements, but many were expecting it to be completed a lot sooner, so they perceive it as a delay despite ALL never giving an indicated timeline for it until today.
All this accumulation by Assore just stinks of a hostile takeover. Just keep buying in the open market until they MUST make an offer, and then make the offer. At that point they will already hold so much of the company that it will ultimately cost them less to buy up the remainder of the stock than to make an offer for it now. I think the low ball offers are just that, no expectation of being taken seriously at that those offer prices, meanwhile just keep accumulating the stock. Even when they get to the holding that forces them to make an offer, they could still make a low ball offer and carry on buying the stock until they own so much of the company that remaining holders must accept the offer they make for the rest of the stock.
I think it's 35% to be forced to make an offer. Currently at 28.40%, so can still buy another 6.6% yet, and then just make another low ball offer and keep buying.
No doubt we will see higher prices, unless they are lending a load of the stock to shorters to keep the price down for them?
Search Google for 'new EV's 2024' and there's several news articles listing them. There are loads arriving this year, importantly low priced one's targeting mass uptake. USA is getting many of the models sold in UK and EU now that they have geared up under Biden's incentives, plus many of their own home grown EV's on top.
As the CEO of ABB said in an interview a couple of days ago (look on their LinkedIn page for it if you want) when asked about slowing EV sales, he said they didn't see it as slowing but normalising after years of high growth.
He is right when you look at the actual sales. Growth was through the roof because sales were ramping up from a very low level. Suppose you went from 10,000 a year to 50,000 a year to 500,000 a year, growth is huge. Then you go to 1,000,000 a year, then to 2,000,000 a year. Growth has slowed a lot percentage wise, but the market is still growing fast and there are still large numbers being shipped, it's not suddenly dropped back to 500,000.
Long term, as in by the time ALL are producing, the demand is going to go up a lot, and SPOD prices are expected to as well, which is why companies like ALL will continue their plans and ignore the current SPOD price, and why their DFS had a price in it that should be achievable when production begins.
When looking at the valuation I would take what is said in this article into account, on top of the Lithium price. This year could be very good, but also there's a risk ALL could be taken out cheaply due to the market not valuing it as highly as it should be valued, for the reasons mentioned in this article.
https://www.cityam.com/from-sugar-rush-to-recovery-could-2024-be-the-year-london-markets-get-back-on-track/
I am aware that the Spodumene price has dipped due to "improved availability of supply and softer demand pressuring lithium hydroxide and carbonate prices", but as we're not mining yet I don't see why investors would exit or reduce this stock at this time, as it's the Spod price in 2025 that matters, not the current price.
Looking at the DFS I see the following prices, but does anyone have the latest long term forecast or a pointer to a website with recent data? Thanks!
Table 1 EWOYAA DFS KEY METRICS (100% PROJECT BASis2)
"SC6 Sell Price, LOM Average, FOB Ghana, US$/t 1,695"
Table 7 Summary of Key Pit Optimisation Input Parameters
"Spodumene price $/t 1,500"
Table 12 Summary of Modifying Factors for Ore Reserve Determination
"Spodumene price (SC6.0 and SC5.5 product) $/t 1,587"
Table 24 Project Product Pricing Forecast, USD, FOB Ghana
2025 $/t 3000
2026 $/t 2557
2027 $/t 2000
2028 $/t 1841
2029 $/t 1770
2030 $/t 1666
2031 $/t 1560
Klunk,
"So how many systems make up a fleet ?"
In this case we are talking about the Speedy Hire fleet, which I would put as hundreds of gensets., as per this article:
https://www.theconstructionindex.co.uk/news/view/speedy-builds-largest-clean-generator-fleet
Total volume today so far of just 34,148 shares. Not exactly falling over themselves as I thought might be the case.
The offtake agreements should definitely be price moving (when they come), as they are expected (by the BoD) to include cash up front, which reduces any cash commitment ALL might need to make to build the main mine.
Good news yes, market moving not sure, as we need to drill those areas and prove there's viable Spod there first. Of course, being analogous to the existing proven Spod does help. I'm a lot more interested in how this adds to the longer term case for having an in-country processing plant, as we know the company were looking at doubling the resource before that would be viable, so these new licenses are the enabler of that and likely intended that way by the Government.
It's not just EV's that are increasing demand. There's exponential growth in multi-MW battery power storage projects globally. More and more remote smart devices are integrating LI-Ion batteries. Phones are increasing battery sizes, for example iPhone 11 - 3110mAh, iPhone 15 - 3349 mAh, iPhone 11 Pro Max - 3969 mAH, iPhone 15 Pro Max - 4441 mAH, and this is the same across the board as newer tech, features and Apps/Games need more power.
Where did the US$ 42,930,730 come from???
(g) Liquidity and Capital Resources
As at August 31, 2023, the Company had cash and cash equivalents (including short term cash deposits) of US$ 42,930,730, and a working capital surplus of US$ 2,619,378. As of February 28, 2023, the Company had cash and cash equivalents of US$ 7,746,519, and a working capital surplus of US$ 7,135,119.
Post period end on 28 September 2023, the Company announced an updated Mineral Resource Estimate ("MRE") at the Company's Basin Project, Arizona. As per the Gross Overriding Royalty Agreement with the Lithium Royalty Company ("LRC"), this new contained LCE Tonnage, which was well over the contracted threshold of 1 million tonnes LCE, enabled the Company to trigger the payment of US$2.5 million from LRC, which was received by the Company in October 2023.
Stats, please cut out the baseless speculation and conspiracy theories, try if you can to stick to facts, here are some posted earlier.
It says here that Bollinger still works for Egerton:
http://www.symmetric.io/hedge-fund-employee/WILLIAM-G-BOLLINGER-3A00
And this cannot be disputed, it is information from UK Government Companies House themselves, stating he is still working for Egerton.
https://find-and-update.company-information.service.gov.uk/officers/P_MTmIMiypli4whPxnD3pK-U4zg/appointments
And the RNS from UPL states clearly that he is involved in the bidding.