Member Info for EarEyeAm

Manx71,

The war in the middle east is not going to pressure Atlantic Lithium into accepting a low ball offer and, all bidders should know that by now, with Atlantic Lithium already flatly rejecting two low ball offers from Assore without entertaining the idea of discussions and, subsequently not accepting a much better offer recently that although worthy of entertaining discussions, couldn't be pushed into an offer the board could recommend to shareholders.

The war might drag on, it might suppress valuations across the market, but Atlantic Lithium are determined to either build the Mine next year, or accept an offer that values all of its assets at the level where the Board see shareholder value realised.

Any accepted offer would never be based on the market cap during what is being touted as a 4 week war in the Middle East that suppresses the valuation, it would be based on the valuation without that interference, the valuation Atlantic Lithium were placing on the Assets once Ratification was received.

JackB14,

Yeah, 10th, 11th or 12th March, either way only a few trading days to go.

More importantly, the potential for the Ewoyaa Agreement to be released into Parliament by the Lands Committee on Tuesday 10th.

Release of that with the expected recommendation to Parliament to Ratify it, would certainly hit the FOMO nerve in a lot of people!

"European natural gas prices surged more than 39 percent after Qatar's state-run energy firm said it had halted liquefied natural gas production following Iranian attacks on facilities at two of its main gas processing bases."

JNJONES,

1992 Constitution (Article 11(7)): Provides the constitutional basis for delegated legislation, requiring LIs to be laid before Parliament for 21 sitting days.

This is the Law that covers Legislative Instruments:

Article 11(7) of the Constitution, 1992 provides that any Order, Rule or Regulation made by a person or authority under a power conferred by the Constitution or any other law shall –

be laid before Parliament;

be published in the Gazette on the day it is laid before Parliament; and

come into force at the expiration of twenty-one sitting days after being so laid unless Parliament, before the expiration of the twenty-one days, annuls the Order, Rule or Regulation by the votes of not less than two-thirds of all members of Parliament.

JackB,

I asked Google this question: "ghana parliament legislative instruments take 21 days to pass into law. does the 21 days include the day that the li was laid?"

Google said: "The counting of the 21 sitting days begins on the NEXT sitting day."

So 19 December doesn't count.

27th Feb I had as not a sitting day because it was the SONA day and no Parliamentary business was performed, but I just asked Google if SONA days count towards the 21 days for regulatory and Google said: "Yes, the State of the Nation Address (SONA) day typically counts as a sitting day towards the 21-day maturity period for Legislative Instruments (LIs) in the Parliament of Ghana."

So now I'm at midnight on 11th for the Royalty LI to default into Law.

"Global lithium demand could exceed 13 million tonnes by 2050 under an accelerated energy transition, more than double base-case projections, with supply deficits emerging as early as 2028 unless the industry invests up to $276 billion in new capacity, Wood Mackenzie warns."

https://www.mining.com/lithium-demand-to-top-13m-tonnes-by-2050-woodmac/

I found the actual detailed LI info. It's called "Minerals (Royalties) Pricing Schedule Regulation".

https://www.ghanadistricts.com/Home/Reader/1c4b712-d265-4536-9c

Don't be confused by the contradictory bit at the end that says "The regulation will come into force after the mandatory 21 sitting-day parliamentary review period, pending approval by the House.", what it actually means is after 21 days it's automatically approved by the house, because it wasn't annulled.

Currently A$0.335 which is 17.688p, no worries Bruce.

The trick, as I've mentioned before, is to put 335 (no decimal point) into your currency converter, then put the decimal point in the right place yourself on the pence result, this gets you the full digits to the right of the decimal point.

ASX price is currently A$0.330 which is 17.424p so it's higher than the UK where the true MID price appears to be 16.75p (sells at 16.45p, buys at 16.9p).

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

I just read Article 11(7) again and it could be construed different ways.

https://ghalii.org/akn/gh/doc/guide/2025-09-01/passage-of-acts-and-approval-of-subsidiary-legislation-in-ghana/eng@2025-09-01

"the expiration of twenty-one sitting days after being so laid"

Breaking that down I get:

1) "the expiration of twenty-one sitting days" means at midnight on 21st day, because the expiration of the day is at midnight.

2) "days after being so laid" means the day it was laid effectively doesn't count in the 21 days.

26th Feb was a sitting day despite them only sitting for about half the day, they started early at 10am so I think it will still count as a sitting day as far as an LI goes

27th Feb was not a sitting day, the whole day was taken up by the President's Address to the Nation.

6th Mar is not a sitting day it's a public holiday.

Now I'm making it that the LI goes into Law at midnight on 12 March. This is 8 calendar days for us, only 6 trading days.

If this is correct, they have time to bring the Ewoyaa Agreement forward on Tue 10th or Wed 11th for discussion, with any amendments or motions put forward that day for discussion the following day, then vote on it on 12th as it's then too late to stop the LI as any motion to annul it has to come with one days notice, but it becomes Law at midnight on 12th so it's too late for a motion.

I asked Google and Google said:

Based on Article 11(7) of the 1992 Constitution of Ghana and parliamentary procedure, the 21-day period for a Legislative Instrument (LI) to mature does not include the day the LI is laid.

The calculation works as follows:

The Day of Laying: The LI is laid in Parliament and published in the Gazette on the same day.

The 21 Days: The counting of the 21 sitting days begins on the next sitting day.

Definition of Days: These must be sitting days (days when Parliament is actually in session), not calendar days

Another expert, a well known (even outside of the USA) and very well respected economist at the highest level. Listen to his words, not mine or anyone else posting on here.

https://youtu.be/V13sGGF3bU8

Could be a while. Ground troops might be sent in because the bombing has not changed the regime, which is what Israel, USA, Saudi and some others want. They aren't going to give up without trying to complete that mission.

Meanwhile, here's what's happening in the Strait of Hormuz.

As of early March 2026, Iran has effectively blocked the Strait of Hormuz through a combination of declaring the critical waterway closed, threatening to target ships, and causing a halt in vessel transit following major regional military escalations. The blockage is enforced by the Islamic Revolutionary Guard Corps (IRGC) using threats of attacks on tankers and has caused insurance, and therefore shipping, to stop.

Key Methods of Blockage (March 2026):

Direct Threats & Prohibitions: IRGC officials declared the Strait closed, threatening to set fire to any vessel attempting to pass.

Effective Shutdown: Shipping in the strait has come to a "slow crawl" or total halt, with vessels not broadcasting signal, indicating a stoppage rather than a total physical barrier.

Economic Exclusion: Insurance providers withdrew coverage, making it financially impossible for commercial vessels to operate in the area.

Potential Tactics Involved:

Naval Mines: Deployment of naval mines by fast attack boats and submarines.

Asymmetric Attacks: Use of fast boats, drones, and anti-ship missiles to attack vessels.

GPS Jamming: Disruption of navigation signals in and around the waterway.

The strait, which transports about 20% of global oil and gas, is now considered a high-risk zone, causing significant global economic impact.

How's life on the high horse I wonder, wearing the crown as king of the AEX BB, it must be great being up there pontificating as the fountain of all knowledge, and the only one with a psychic ability to know everything about someone and pass judgement upon them without ever meeting them, merely one look at their username is all that's needed to determine they are a lowly peasant, although the same clearly applies to every username that ever dares disagree with the king.

"This message has been filtered, please adjust your filters to view"

The spread is very close at 0.47p between buys and sells, it's only the advertised prices that show a bigger gap of 1.9p, but those are not what's being paid.

Busy trolling me again by any chance? Carry on, I don't see it as you're filtered, and others can see what you are and make their own decisions based upon that, so keep digging that hole to fall into, it's your own credibility you are ruining, not mine.

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Many experts think it'll go on for months. They could well need ground troops and then you are looking at a protracted war, because the strikes have not forced the regime change that Israel, the USA, Saudi and others want.

I thought people would he e learned their lesson not to believe a word that Trump and his appointed lunatics spout. Him and his top people all said they'd NEVER start a war, they said they'd NEVER start a war with Iran, and here we are with Trump and Netanyahu,s war OF CHOICE, not a war that was needed, a war they wanted.

These people all know what they are talking about:

https://www.youtube.com/live/Y_eKH6fSV3g

https://youtu.be/4Ql24Z8SIeE

https://youtu.be/5vaY7ZIDEoc

Ajmalkhuram,

Q. How do you know when Trump is lying?

.

.

A. His lips are moving.

Looking at the last trades I'd say the 16.9p are probably buys with the 16.43 being sells. The spread shown is ridiculously wide and nowhere near what people are buying or selling at.

As of early March 2026, Iran has effectively blocked the Strait of Hormuz through a combination of declaring the critical waterway closed, threatening to target ships, and causing a halt in vessel transit following major regional military escalations. The blockage is enforced by the Islamic Revolutionary Guard Corps (IRGC) using threats of attacks on tankers and has caused insurance, and therefore shipping, to stop.

Key Methods of Blockage (March 2026):

Direct Threats & Prohibitions: IRGC officials declared the Strait closed, threatening to set fire to any vessel attempting to pass.

Effective Shutdown: Shipping in the strait has come to a "slow crawl" or total halt, with vessels not broadcasting signal, indicating a stoppage rather than a total physical barrier.

Economic Exclusion: Insurance providers withdrew coverage, making it financially impossible for commercial vessels to operate in the area.

Potential Tactics Involved:

Naval Mines: Deployment of naval mines by fast attack boats and submarines.

Asymmetric Attacks: Use of fast boats, drones, and anti-ship missiles to attack vessels.

GPS Jamming: Disruption of navigation signals in and around the waterway.

The strait, which transports about 20% of global oil and gas, is now considered a high-risk zone, causing significant global economic impact.

Some other facts:

Key Aspects of Zenith Energy's Italian Gas Operations

Core Asset - Torrente Cigno: Produces natural gas used to generate approximately 900–1,000 MWh of electricity per month, providing a stable, high-value revenue stream.

Production Portfolio: Includes 6 operated concessions (e.g., San Teodoro, Masseria Grottavecchia, Misano Adriatico) and 3 non-operated concessions.

Development Plans: Actively working to reactivate the Sant'Andrea field, with an expected initial production of 1,500 cubic meters of natural gas per day.

Strategy: Leveraging high Italian energy prices, the company is seeking to expand its onshore footprint and increase production through potential development wells, such as the proposed MV-2 at Torrente Cigno.

Financials: The Italian segment has been a major revenue driver, with the Torrente Cigno asset alone generating about USD 1.2M annually at recent electricity prices.

Analyst note:

"Exposure to Italian Electricity Market"

Zenith capitalizes on Italy’s elevated domestic electricity prices

through two cash-generative segments, gas-to-electricity and

solar, expected to deliver an estimated free cash flow (FCF) of

USD 2.3m in 2028. Italy’s reliance on natural gas for ~44% of

electricity generation, coupled with a surge in its domestic

consumption-to-domestic production ratio from 9x to 21x

between 2013 and 2023, has amplified local electricity prices.

The situation was further intensified after Russia’s invasion of

Ukraine, which forced Italy to shift to longer, costlier import

routes, such as via Qatar, benefiting domestic producers like

Zenith.