Member Info for EarEyeAm

Makes no difference whether a bidder is considered a pure Lithium company or not, nobody is going to throw $2bn worth of Feldspar down the toilet, on top of which, Ghana wouldn't let them.

FTSE jump has increased to 90 points since 14:50h.

FTSE 100 just jumped 70 points, no idea why yet, but must be something positive behind a jump like that.

Test quotes just to see what's being offered. Neither taken.

Buy 10000 QED - QUADRISE PLC ORD GBP0.01 at a price of 2.5551p

Sell 10000 QED - QUADRISE PLC ORD GBP0.01 at a price of 2.4875p

Test quotes. Very close spread.

Buy 10000 ALL - ATLANTIC LITHIUM L ORD NPV DI at a price of 14.1p

Sell 10000 ALL - ATLANTIC LITHIUM L ORD NPV DI at a price of 14.0125p

Ceejay101,

RE "a strategic bidder won't be interested in the feldspar"

I totally disagree.

1) There's almost $2bn worth of Feldspar there, not something anyone would ignore.

2) The Feldspar is a byproduct of Mining for Lithium, it's dug out of the ground and is a huge percentage (41.9%) of the pile of stuff they extract, all it needs is to be separated after the Lithium has been removed and it's ready to ship.

As posted before:

"The updated MRW showed 36.8 million tonnes (Mt) at 41.9% feldspar at Ewoyaa."

https://www.proactiveinvestors.co.uk/companies/news/1065351/atlantic-lithium-increases-feldspar-estimate-for-ewoyaa-1065351.html

"The continental average export price stood at $129 per ton in 2024"

https://www.indexbox.io/store/africa-feldspar-market-analysis-forecast-size-trends-and-insights/

41.9% of 36.8m tonnes is 15.42m tonnes at $129 per tonne is $1,989m worth.

A 10-month regulatory probe found that ASX Ltd.’s risk management and compliance practices are inadequate and need to "mature" to ensure the stability of Australia’s financial infrastructure. The final report revealed an "insular" culture that prioritized shareholder returns over investing in technology, resulting in long-standing, deeply embedded operational shortcomings and systemic failures.

Key Findings of the Report:

Failed Stewardship: The ASX was found to be disconnected from its duty to manage critical market infrastructure, often adopting short-term "tactical solutions" rather than lasting fixes.

Prioritizing Profits: The panel determined that the exchange favored short-term financial targets, compromising the resilience of key clearing and settlement systems.

System Failures: The report highlights years of technical failures (e.g., 2020 outages and, from, December 2024 settlement issues) and failed software projects, such as the botched CHESS replacement.

Required Action: The Australian Securities & Investments Commission (ASIC) and Reserve Bank of Australia called for massive transformational change at the company, as noted in the ASX Inquiry Panel Final Report.

ASX Response:

ASX Chair David Clarke acknowledged the need for change, stating that while the company is committed to addressing the inquiry's concerns, "the final report highlights there is more to do". The company has submitted a commitments plan to ASIC to strengthen governance and reform its remediation programs. The exchange has already faced a $150 million capital charge from regulators due to these issues.

FTSE 100 is back level, AIM is creeping back up, the market needs to stop reacting to Trump every time he opens his fake news lying mouth.

Yes, CONTEXT!

That move on ASX was on pathetic volume of 448,465 shares traded, I have more than FIVE TIMES THAT!

Clearly it's been marked down in line with the market, there's not been a sell off, stop losses were not hot, it's A NON EVENT.

Traders Ramp Up Bearish Oil Bets To Nearly $1 Billion

Traders have poured a record $977 million into the ProShares UltraShort Bloomberg Crude Oil ETF (SCO), a leveraged bet that oil prices will collapse from their war-driven highs.

https://oilprice.com/Latest-Energy-News/World-News/Traders-Ramp-Up-Bearish-Oil-Bets-To-Nearly-1-Billion.html

Traders Ramp Up Bearish Oil Bets To Nearly $1 Billion

Traders have poured a record $977 million into the ProShares UltraShort Bloomberg Crude Oil ETF (SCO), a leveraged bet that oil prices will collapse from their war-driven highs.

https://oilprice.com/Latest-Energy-News/World-News/Traders-Ramp-Up-Bearish-Oil-Bets-To-Nearly-1-Billion.html

The ASX volume hasn't hit anywhere near that today.ASX is reporting:

VOLUME 313,350

https://www.asx.com.au/markets/company/A11

This is why ASX is a waste of time for Long State:

"Average volume 472,270"

https://www.asx.com.au/markets/company/A11

LSE has been almost 2m every day for the past 7 sessions and hit over 6m 3 of 4 days prior to that. It's easy for Long State to trickle in 100,000 sells to feed demand without crashing the price, if they put 100,000 into ASX it's over 20% of the daily average volume, and no way would they put more than a days ASX average volume into ASX at the start of the day, before any buyers have appeared to sell the stock to.

I doubt very much that is Long State:

1) They wouldn't sell an odd number of shares unless it was their final block. Prior to that they would sell in round numbers like the 100,000 sells that are still trickling in on LSE to feed demand without trashing the price.

2) They wouldn't stick a block on just like that, they are feeding demand, if there's no demand evident they don't just bung shares on the market for the hell of it. They want the price to stay up, so they can keep feeding demand without ending up having to take a lower price or not sell.

3) The Aussie market is very low volume, I don't see them selling stock there unless demand really took off, like it did with the bid rumour. For me, they are just selling in 100,000 blocks on LSE. Look at the past 2 weeks of trades, they are easy to spot.

Quadrise CHART. Clearly if the uptrend continues, as it did today even if you take out the 2.8p UT trade at the end, then it won't be long to 4p, end of this month perhaps.

Chart image is here https://ibb.co/bjd8VqJs

Ceejay101,

I've been wondering if they are holding back the optimisations to show to bidders and will only release them if no realistic bids come in near term

There is bound to be some reaction to the optimisations in Ghana, any sign of Atlantic Lithium making any more money than was in the calculations for the Ratification, that would have the Minority raising questions in Parliament, along with certain You Tubers ranting about it.

Keeping the optimisations back for bidders means that should a bid be successful, the bidder is under no obligation to reveal the benefits of the optimisations, thus no uproar in Ghana as they would be none the wiser.

It's quite possible that bids have arrived and that is what's keeping Atlantic Lithium from releasing the optimisations, there's no need to unless the received bids ultimately go nowhere.

Bounce there by the looks of it. Hope those that wanted more on a dip got the shares they wanted, because the markets globally are looking buoyant today. Talks hopefully under way in P a k i s t a n in the next couple of days, as it's clear Trump has no intention of continuing the war past dropping bombs, he's looking for a sharp exit whilst blaming as much on everyone else as he can.

"Quiet after ratification might mean something is cooking"

Something very tasty, something Michelin class, a 5 star offering, oooooh Sir!!

I'll certainly feel a bit MIIF'ed if I don't see a bid at 50p in the next 2 weeks LOL!!

Sorry, ignore that, wrong board! No idea how I ended up on this one!