Member Info for EarEyeAm

Jaybike,

It's not my job to do the in depth analysis for you or anyone else. Most Lithium investors already know what each company has going for it. I provided the figures as a base case, it's up to each investor to DYOR on each company and come to their own conclusion as to whether the MCap for BHL is fair or not. The company said not, but they didn't provide an in depth analysis of other listed Lithium companies either.

ALL £111.82m

BHL £16.8m

CTL £41.24m

KOD £94.66m

ZNWD £28.31m

If the MCap was the same as the next lowest, ZNWD, the share price would still only be 7.25p.

At the CTL MCap of £41.24m it would be 10.56p

I don't know why anyone would laugh at the company showing it's own frustration at the Market Cap, frustration that aligns with that of shareholders. What else can they do other than vent their and their shareholders frustration in an RNS?

Show me any other listed company with the balls to put out an RNS saying it believes the company is undervalued. Good on them I say.

BHL's announcement at 10am includes some very interesting macroeconomic pointers for Lithium.

Scroll down to read the letter, don't use the link as it's not working yet.

https://www.lse.co.uk/rns/BHL/open-letter-to-shareholders-lqqpa5a10sj95g7.html

"It has been a productive few months for Bradda Head, with ongoing positive indicators from our operational drilling, fieldwork, permitting efforts and strategic discussions in the US and Canada associated with all our US-based Projects. This is not reflected in the valuation of our Company in the opinion of the Board."

"In this letter, the Board wants to address the recent decline in our share price and provide an update on the status of our highly prospective Projects and emphasise why we believe our current share price level, which is significantly below our actual listing price, is undervalued and offers an extremely attractive entry level into Bradda Head."

Scroll down the page to read the letter to shareholders

https://www.lse.co.uk/rns/BHL/open-letter-to-shareholders-lqqpa5a10sj95g7.html

RNS Number : 5493I

Atlantic Lithium Limited

07 August 2023

7 August 2023

Statement re Media Speculation

Atlantic Lithium remains confident of the grant of the Mining Leaseto advance the Ewoyaa Lithium Project

Atlantic Lithium Limited (AIM: ALL, ASX: A11, OTCQX: ALLIF, "Atlantic Lithium" or the "Company"), the African-focused lithium exploration and development company targeting to deliver Ghana's first lithium mine, notes recent media speculation regarding the introduction of a new Green Minerals Policy by the Government of Ghana and issues the following statement.

The Company acknowledges comments made by Ghana's Minister for Lands and Natural Resources, Hon. Samuel A. Jinapor, which relate to potential implications for mining companies from the introduction of the new policy, including changes to the mining royalty rate and the state's carried interest in minerals projects.

The Company confirms that it has been in regular discussion with Ghana's Minerals Commission, which is responsible for the determination and application of legislation within the mining sector, with regards to establishing a framework which is attractive for companies aiming to extract Ghana's natural resources, while also ensuring maximum value is delivered to Ghana and Ghanaians.

Atlantic Lithium is not in a position to disclose the nature of these discussions at this stage and will update the market with any developments when it is appropriate to do so.

The Company recognises the strong support in-country to deliver a successful production operation at its Ewoyaa Lithium Project ("Ewoyaa" or the "Project"), which is on track to become Ghana's first lithium mine, and remains of the belief that it will be granted the Mining Lease required to advance the Project.

"It is expected to be passed by parliament before the end of the year"

That is very vague, from 1 day to 4 months vague, but the fact he said year end suggests closer to that than now.

It should be fast tracked not rumbling along with all the other Parliament business, companies like ALL and Piedmont looking to invest big money plus the big revenues for the country, that should take priority over much (not all obviously) of the Parliament business.

Well that's not ideal, not only a few daft decisions going on, but talk of sorting by year end isn't great either. Hopefully ALL will have something to tell us soon to clarify their views on it.

"How can they say it will be? It’s an application & not in their hands"

What they would do is ask the Government department how long it estimated it would take, and the Government reply of "we would hope to have signed off it this quarter" would then be purveyed to us. That is hoe we would expect these things to be done anyway, not dates plucked from the air by our company.

"The emphasis of the business is now on the scaling up of H-Power Generators, initially with a focus on the air cooled S Series, where we believe the majority of the short term system demand lies within our core target markets. With this in mind, the Company has decided, in collaboration with Juelich, to cancel the contract announced in 2020, for the sale of a 100kW L Series generator, which if delivered, would now prove a distraction to the Company's core technology and customer targets. Juelich confirmed it would only expect to be in a position to receive any fuel cell system in 2024 and so, with the progression of AFC Energy's technology, cost inflation and the delay to delivery, this was a mutual decision."

So yes, the order has been cancelled, but "Juelich confirmed it would only expect to be in a position to receive any fuel cell system in 2024" suggests (to me anyway) that they will make a decision one way or the other regarding placing a new order for an S+ Series sometime next year.

Also "and so, with the progression of AFC Energy's technology, cost inflation and the delay to delivery, this was a mutual decision." indicates that Juelich are happy to continue working with AFC and therefore 'could' place an order for an S+ Series at some point next year.

It would have been great to have this showcase in Germany considering we are targeting sales in Germany, but some other showcase is bound to pop up there, maybe via ABB in a Data Center or something.

It might be fake, like the claims about mining licences being refuted by the Government. We could do with ALL either confirming or denying this rumour. Not that it's a big deal either way, as MIIF will invest one way or another, either with the agreement of ALL or pushed through by the Government.

8% for 25m (is it €, $ or £??) is daylight robbery.

Confirming what I said, that MIIF would buy into the project not into ALL.

"On 3 July, Atlantic Lithium's managing director Keith Muller rejected a proposal from the Minerals Income Investment Fund (MIIF), headed by Edward Nana Yaw Koranteng, to buy an 8% stake in the project for €25m, according to two confidential letters obtained by Africa Intelligence."

https://www.google.com/search?q=atlantic+lithium%2C+reject+miif

MIIF investment will be into the project, not into ALL.

If MIIF invested into ALL it would:

1) Only get a cut of the profit that ALL make, if ALL spend all it's profits then MIIF make nothing

2) Expose MIIF to projects in the future that are outside of Ghana and thus beyond the remit of what MIIF can invest in based on it's own governance policies

3) Expose MIIF to all of the risks that are inherent in ALL, including market risk, operational risk (outside of the project), reputational risk, economic risk (of ALL being based outside of Ghana), etc.

If MIIF invests in the project it would:

1) Get a cut of profits at the mine level, bypassing ALL's internal spending, pretty much guaranteeing income to the fund every year

2) Have a percentage say in how the project develops, for example the desire for in country processing once the resource is at least doubled making it then a viable option, expanding production rates, etc

I'm sure there are other pro's and con's so feel free to add to these.

The Company is pleased to announce that it has received valid acceptances and excess applications from Qualifying Shareholders for a total of 67,573,855 Open Offer Shares under the Open Offer, representing approximately 38 per cent. of the 175,863,121 Open Offer Shares available under the Open Offer.

As a result, and subject to Second Admission becoming effective, 67,573,855 Open Offer Shares will be issued in connection with the Open Offer, raising £0.84 million (before expenses) for the Company at an Issue Price of 1.25 pence per Open Offer Share. As a consequence, the Placing announced on 7 July 2023 and the Open Offer will have raised, at the Issue Price, £1.94 million (before expenses) for the Company.

PrepCompostCrackH sure you don't have multiple logins, yeah right!!

I have no idea who you are referring to, but it sounds like a load of compost. Are you another incarnation of him?

Member Info for Happycomposter

Member Since

16th Dec 2021

Posts

(All Time)

4

4 posts in 18 months and every post is on QED, no other stocks?? Very odd!!

BTW no idea about SC but my employer is me so I know everything EyeAmDoing.

In your case I take it that it's because you don't want people to see what other stocks you hold, in case they start trolling you like you do to them after you post abuse, attempted defamation or ridicule targeting them relentlessly, based on some ludicrous and pointless fixation with a mythical poster that has long since disappeared.

More garbage to report. That's one hell of an arrogant posted obsessed with someone that appeared on boards almost a decade ago. A very healthy obsession with defamation, to what end I ask myself, because anyone that lives in the real work doesn't give a fig about his incessant ramblings about someone just as anonymous as him. You would think the guy ran off with his wife, or killed his dog, but no, apparently all the guy ever did wrong was post his opinions just like everyone else on the discussion boards. Rather than defame anyone on here, he is just showing everyone how sick in the head he is.