Member Info for EarEyeAm

It's going well in Oslo!

NOK0.564

Since Open +0.044 (+8.46%)

Since Previous Close +0.074 (+15.10%)

That's 4.387p.

Gas prices shooting up again overnight.

https://tradingeconomics.com/commodity/eu-natural-gas

Oil now $105 having hit $114 overnight, was $60 in January.

My shares are showing as 10.68p today. Thought it was my lucky day again! 🥳🥳

I just took advantage of the lull to add another circa 200,000 shares in two trades of just over 100,000 each. 🥳🥳

We will get news on the Royalty LI today or tomorrow in Parliament. (They are now working Mondays too).

Google says "Announcement of Maturity: While LIs automatically become law after 21 sitting days without needing a vote, their maturity is noted in Parliamentary proceedings. The Speaker or Business Committee frequently highlights instruments that are close to, or have reached, maturity to ensure public awareness."

Brent Crude now $105, hit.$114 overnight, up from $60 at the start of the year.

https://uk.advfn.com/p.php?pid=legacydaily&epic=CCOM^OILBRENT&type=1&size=2&period=3&scheme=&delay_indices=DELAYED_INDICES

Brent Crude now $105, hit.$114 overnight, up from $60 at the start of the year.

https://uk.advfn.com/p.php?pid=legacydaily&epic=CCOM^OILBRENT&type=1&size=2&period=3&scheme=&delay_indices=DELAYED_INDICES

Nice find Teddy! 😃

"The parliamentary committee responsible for land and natural resources has already completed its review of the revised fiscal terms."

I said last week I believed they'd finished their work but had to wait for the Royalty LI to become Law before they could recommend Ratification to Parliament and put the Ewoyaa Agreement to Parliament for discussion and voting. Seems that's the case from what they are saying.

Closed down 8.16% on ASX ....BUT ASX market was catching up on last Friday's global market movements, it was behind and has now caught up.

I don't think many of them knew about the Royalty LI update video over the weekend, only those that read Hotcopper forum which just seems to be a handful like here. I'm sure Atlantic Lithium will RNS when the Royalty LI goes through which will cause the market to react a bit before we get Ratification.

I've been doing some thinking so I thought I'd share my thoughts, no penny required!

Firstly there's the situation with China preventing Lithium mining companies (which include the big Battery manufacturers) from extracting as much Lithium as they want to. China blocking 27 mining licences and preventing the biggest Lithium mine from restarting until prices had recovered. China only wants Lithium that's at a price where companies are profitable, no more race to the bottom with lower and lower competitive prices whilst losing money. This blocking of Mining production is hampering the bigger better companies from increasing output of Lithium/Batteries.

https://www.mining-technology.com/news/china-lithium-mining-licence-revocation/

Then there's Zimbabwe blocking Lithium exports and demanding in-country refining because they say they are losing out on other valuable side products that get shipped out in the rock with the Lithium, things like tantalum, tin, rare earth elements, even PGM's. There's multiple Chinese companies with Mines or shares in Mines there, again being hampered in their business.

https://africa.businessinsider.com/local/markets/chinas-battery-makers-are-feeling-the-brunt-of-zimbabwes-lithium-export-ban/x9j0es9

Then you have Elevra who have an agreement with Mangrove to supply Spodumene for refining. What is very interesting there, as I discovered this weekend, is that Mangrove have their own Modular Spodumene Refining system, one which could be deployed in Ghana. This system might not cost the $500m that other types of Refinery cost, because it's Modular so could start off small and increase by adding further Modules once there's more Lithium production. I see mentions of them raising $85m for a plant, that's looking much more doable than the $500m. BMW amongst others have invested in their technology.

https://www.mangrovelithium.com/our-customers/hard-rock-li-refining/

https://betakit.com/mangrove-lithium-announces-85-million-usd-financing-to-power-critical-mineral-refinement-for-evs/

Ewoyaa with Ratification is going to be an extremely attractive takeover target to many in the industry, for various reasons. I'll be holding on for the bidding, hopefully a bidding war.

Confident of Ratification soon I'd say.

Atlantic Lithium engages persons with disabilities on Ewoyaa project.

Atlantic Lithium has engaged persons with disabilities from communities around the Ewoyaa Lithium Project as part of efforts to promote inclusion and ensure broader participation in discussions surrounding the development of Ghana’s first lithium mine.

About 80 participants attended the engagement held on February 26, 2026, in Saltpond in the Central Region.

https://metrotvonline.com/atlantic-lithium-engages-persons-with-disabilities-on-ewoyaa-project/

NOK0.49 it closed in Oslo yesterday, which is 3.81p.

The high was NOK0.502 which is 3.9p.

What is interesting about that is NOK0.5 is where the price was around for several months after the drop on the ICC- result. This move to around the NOK0.5 mark shows confidence is returning after the price was more recently hanging around the NOK0.42 mark for months.

Transcript of the important bit from the video, extracted by https://tactiq.io/tools/youtube-transcript and double checked by me.

Paa Kwesi Schandorf, Ministry of Lands & Natural Resources said:

"In as much as the sentiments are welcomed and duly acknowledged, nothing would change as of now."

"Indeed, there are other mechanisms or if you like policies that are going to be subsequently rolled out to to ensure that foreign mining companies for example have very pleasant working experiences in Ghana."

"But for the current royalties proposition, nothing is changing about it."

Ceejay,

Ghana local reporter says:

"once the Legislative Instrument matures on Monday, March 9."

Source: Caleb Wuninti Ziblim, JoyNews Research | caleb.ziblim@myjoyonline.com

6 March 2026 9:05am

https://www.myjoyonline.com/analysis-why-foreign-countries-are-pressuring-ghana-over-its-gold-royalties/

Excellent news Teddy!! He says NOTHING WILL CHANGE. And they are giving 2% back as it is, without the other niceties they have planned for Mining companies.

Royalty LI into Law in less than a week, Ratification soon after and definitely before 28th, because the LI was created to enable Ratification.

It seems I was right when I said the below yesterday!

Government already put in a temporary fix. They would have done this so that the sliding scale could become Law, otherwise they'd have pulled the LI in February when they did this as it was done on the 2nd day of the 21 days so if they'd pulled or amended the LI at that time it wouldn't have impacted the timeline for the LI to default into Law, the fact they'd rather change something else tells us they want the LI to go into Law as is, then if they need to change it they do that after.

February 4, 2026 5:19 PM

"The head of the mining lobby in Ghana has said that Ghana's finance minister offered to reduce a mining tax by two percentage points to help push a new gold royalties regime through."

https://energynews.oedigital.com/mineral-resources/2026/02/04/ghana-offers-lower-levy-as-a-sweetener-to-higher-gold-royalties-regime-says-lobby

Andrew99,

As so many people have the jitters when it gets this close, I think it'll be like the Jitterbug, in the 30's!

I asked Google the question: ghana parliament, do SONA days count toward the 21 days for legislative instruments?

Google said:

Yes, the day the State of the Nation Address (SONA) is delivered typically counts as a sitting day toward the 21-day maturity period for Legislative Instruments (LIs) in the Parliament of Ghana, provided the House formally sits on that day.

According to Article 11(7) of the 1992 Constitution of Ghana, LIs (Orders, Rules, or Regulations) come into force 21 sitting days after being laid.

Key Points Regarding 21-Day Count:

Definition of Sitting Day: A sitting day is any day the Parliament meets to conduct business. Since the SONA is a formal proceeding where the President addresses the House, it is considered a sitting day.

Counting Method: The 21 days are calculated based on when the House is actively sitting. If the House adjourns for more than three days, those intervening days are generally not counted.

Exclusion of Days: If the SONA day is followed by a long adjournment, those days do not count toward the 21-day maturation.

Legislative Instruments automatically come into force after 21 sitting days unless Parliament acts to annul them within that period.

---------------------------

I then asked Google the question: ghana parliament, do SONA days count as sitting days or not

Google said:

Yes, in the Parliament of Ghana, the day the President delivers the State of the Nation Address (SONA) counts as a sitting day.

Official Business: SONA is delivered during a formal meeting of the House in accordance with Article 67 of the Constitution.

Debate Cycle: The SONA initiates a scheduled period of debate by Members of Parliament (MPs) that continues over several subsequent sitting days.

Context: While it is a "special" or "ceremonial" sitting where all three arms of government may be present, it still constitutes a formal parliamentary session.

Here is one of the sources:

https://pmg.org.za/blog/SONA2023AllYouNeedToKnow

Red666,

All depends on who is right about the date the Royalty LI becomes Law, as that determines when the Committee is legally allowed to put the Ewoyaa Agreement forward for Ratification.

Once put forward they then have to schedule in the discussion and voting time.

If the LI is Law on Tuesday then it's possible to fit the Ratification in on Thursday/Friday but if the LI is Law on Thursday then the Ratification would most likely be discussed the following week.

Either way, once the LI passes the final 21st day I am looking for the Committee to recommend Parliament Ratifies the Ewoyaa Agreement, how many days after that they discuss it I won't be looking at, because with the recommendation to Ratify it is sure to be well before 28 March when Parliament adjourns.

Yes, had to unfilter you to find out WTF you were on about this time (based on the thread title).

Maybe answer the question that was asked instead of avoiding it, everyone here will want to know where that came from, not just me.

Where did you get that from? Is it from an official document or official correspondence?

I would also say that "STATUS: Maturity reached at close of session 11 March. Enforceable from 12 March." does not make it out by a week.

We had 10 March, Joynews this morning stated Monday which is 9 March, whereas 11 March is just the Wednesday of the same week, and 12 is Thursday of the same week. So it is days difference not a week difference.