Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
It'll be a lot higher in the next 6-12 months for sure. The pending royalty payment is what's keeping it down short term, but once that is in the bank it'll be free to go back up for a long run.
An interesting story I spotted in the news at the weekend. Not something I see having any effect on BHL, as it's so tricky to mine it.
"What’s the most sustainable way to mine the largest known lithium deposit in the world?"
"The McDermitt Caldera in Nevada and Oregon could hold up to 100 megatons of lithium. Now companies are proposing a new method for mining it"
https://www.popsci.com/environment/lithium-mining-mcdermitt-caldera/
An interesting story I spotted in the news at the weekend. Not something I see having any effect on ALL, as it's so tricky to mine it.
"What’s the most sustainable way to mine the largest known lithium deposit in the world?"
"The McDermitt Caldera in Nevada and Oregon could hold up to 100 megatons of lithium. Now companies are proposing a new method for mining it"
https://www.popsci.com/environment/lithium-mining-mcdermitt-caldera/
Directorate Changes
Bradda Head Lithium Limited (AIM:BHL, TSXV:BHLI, OTCQB:BHLIF), the North America-focused lithium development company, today announces that it has agreed with Charles FitzRoy that he will stand down from his role as Chief Executive Officer and Board Director, with immediate effect.
Mr FitzRoy will retain his share options outlined in the AIM announcements dated 6 April 2023.
The Chairman of the Board, Mr Ian Stalker, will assume the interim role of Executive Chairman. A search for a new CEO will begin immediately.
Mr Stalker, Interim Executive Chairman, commented: "I'd like to thank Charles for his input and commitment over the last 30 months, most notably in listing the Company in Summer 2021 where £6.2 million was raised, securing a royalty partnership later that same year, and in raising approximately £10 million of fresh equity-capital in Spring of 2022. On behalf of the Board, I wish Charles the best for the future. The Board is focused on operations and delivering results on the ground in America and will look to appoint an appropriate successor in the near future."
Charles FitzRoy, commented: " I am moving on from Bradda Head after two and half years where the Company has gone from private to listed on three exchanges in the UK, US, and Canada. Raised US$24 million for progressing Bradda's US projects, and a further US$8 million was secured via a royalty. The assets have grown in both size of landholding, knowledge of the geology and also in-the-ground resources. The last two and half years have been a very rewarding experience working closely with all members of Bradda, especially the US on the ground team and I am proud of what we have achieved. I have enjoyed my time immensely moving our assets forwards, building relationships within Arizona for the long-term, and growing the Company. BHL has some fantastic projects which strategically have little rival. The Company is extremely well positioned in the US for future success. I look forward to cheering from the side-lines."
End of Q3 / beginning of Q4, out comes the resource upgrade, in comes $2.5m, and up we go. No need to get stressed, just make the most of the bargain price, that's what I've been doing and will carry on doing.
"The Company aims to receive the second royalty payment (US$2.5 million) after the next resource upgrade at Basin, which is forecast to be announced in H2 of this year."
25 July video: "so all this is leading to a potentially significant resource expansion later this year, we're in a process now of doing a resource update with SRK, and we're going to put that out end of Q3 / early Q4 of this year, that's our plan"
https://www.proactiveinvestors.co.uk/companies/news/1021628/bradda-head-lithium-on-a-clear-runway-towards-resource-expansion-1021628.html
To clarify:
Financial year end less than 3 months away
Calendar year end less than 4 months away
Payment of $2.5m in H2 of one of those years
Definitely no fund raising
Blatant bashing. There won't be any fun raising based on the timing of the $2.5m incoming.
1) Financial year end is 30 November 2023
2) "The Company aims to receive the second royalty payment (US$2.5 million) after the next resource upgrade at Basin, which is forecast to be announced in H2 of this year."
It is already H2 of this year and H2 ends on 30 November!!
So the $2.5m is forecast to arrive this year. There are only 4 months left of this year, so there wont be any raise in 6 months time.
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.
"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.