Member Info for EarEyeAm

Not2sure,

I'm totally calm. It's people claiming we NEED news that are not calm.

We don't NEED news, we have anticipation of news, anticipation of a re-rating when Ratification arrives, which is expected imminently because the Royalty LI that is intrinsically linked to the Ewoyaa Agreement will default into Law on 10 March.

We don't need panic spin, Bot.

Buys showing as sells. I'm only being quoted 18.37p for selling, so the 18.75p and above are all buys (traded at the ASK price for the pedantic). Anyone here claim any of those trades as their buy?

Now in Mining Review.

A call out to CATL.and BYD?

“As one of few pre-construction hard-rock lithium projects at an advanced stage of permitting, with offtake still uncommitted, the board believes [the Ewoyaa project, in Ghana] represents a highly attractive source of supply for the EV and BESS supply chain."

https://www.miningreview.com/news/atlanc-lithium-takeover-proposal-ewoyaa-mining-lease/

Lithium and Spodumene prices have had a breather, not really pulled back just consolidation, so perhaps a run to $2500 now.

What I believe and what I would like to hear from the company is that they turned down an offer of almost 50p because that's not far off what they value Ewoyaa at right now, but it doesn't cover what Ewoyaa will be valued at after Ratification (a lot more, hence the Broker suggesting a re-rating on Ratification) and it values all their other licenses at zero. That is what the RNS today is saying to me in so many words anyway.

This bit also suggests a value close to what Ewoyaa is worth...

""the Proposal vindicates the work we have achieved to-date"

Ok, so you've had a few glasses of Vin Rouge and you morph into a Troll. More pointless waste of space posts, at least what I'm posting is INTERESTING and USEFUL, which is more than I can say for you.

If you think it's less than 30p then that's what you are valuing Ewoyaa at ....

This bit tells me the offer was very close to the value of Ewoyaa:

"The Board believes that the Proposal focused primarily on the valuation of the Project, without fully considering the potential of the rest of its underexplored exploration tenure."

Also, no way on Earth was it 30p or less, as that is virtually the same amount that was flatly rejected by Atlantic Lithium in 2023. Assore offered £222m, flatly rejected, no discussions. 30p is just £224.62m, not a chance in Hell they would go into discussions for that.

Atlantic Lithium are the standout company as far as that article goes. Atlantic Lithium have included the local people at every step, contributed to community projects, built a fresh water well and storage tank for the people so they no longer have to walk miles to get water every day. Plus many other things. What's in that article is what Atlantic Lithium are already doing, the ESG credentials of Atlantic Lithium are all aligned with that. The only thing they can't do is pay out compensation before Ratification, because if there's no Ratification then they'll have given that compensation away for nothing, the compensation payment is going to be in the Ewoyaa Agreement that's pending Ratification.

They are obviously scrutinising the sliding scale, that's their job. Also, the mining commission say the sliding scale goes too high, they want 4% to 8%, so scrutinising it might actually benefit us.

It's not what I'd describe as a low ball offer and we shouldn't call it that.

A low ball offer would be flatly rejected, it wouldn't go into discussions, due diligence and legal advisors (that cost money). So I call it a reasonable offer that wasn't high enough, not low ball. Atlantic Lithium also suggest it was reasonable because it was along their lines of thinking for the value of Ewoyaa, it just didn't value the other licenses or Cote d'Ivoire which is why it was rejected.

Calling it low ball is doing ourselves a disservice, it makes it sound like they offered us half the value of Ewoyaa when in fact they offered around 100% of what the Board value Ewoyaa at.

The Board rejecting an offer that was that high means far more to me than suggesting it was paltry.

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

Current Market Cap £141.89m.

Assore 2023 offer £222m flatly rejected, no discussions.

Multiple milestones hit since the Assore offer including increased resource, Felspar resource added and upgraded, MIIF funding, etc and Ratification imminent.

The board would only enter into negotiations if an offer was worth discussing, we know that from the flat rejection of the Assore offer, so with all the additional milestones, the offer must in my opinion have been £350m minimum. BUT, the board believes this company is worth more, and they should know, they have all of the figures plus the insider knowledge.

What bots and what fomo? Have you been on the Vin Rouge or something??

The payment Atlantic Lithium say is owed, was explained in the 2025 annual report. I said before that it probably hinges on the delay of Ratification and the below confirms that to me, as Piedmont were to pay UP TO DFS, and after DFS the next thing would be investing the $70m into building the Mine. It's a disagreement over contract wording, not an outright decision not to pay what they should rightfully contribute, once Ratification arrives then see if the pay the rest, if not it'll go to Arbitration and they can decide who has interpreted the wording correctly.

"At the time of this report, the Company has made claims for Development Costs as defined under the Project Agreement with Piedmont. Atlantic Lithium claims that Piedmont is liable to sole fund Development Costs under the Project Agreement. Piedmont denies that it is liable to sole fund Development Costs at this time as the contractual preconditions in the Project Agreement for their sole funding obligation have, in their view, not been met. On that basis, Piedmont has instead contributed 50% of those Development Costs claimed by the Company. The balance of the Development Costs the Company has claimed from Piedmont is in dispute and remains outstanding. The Company remains engaged in discussions with Piedmont concerning these amounts and an established process exists within the Project Agreement for resolution including good faith negotiations and referral to arbitration.

SP Angel -Today’s Market View, Monday 23rd February 2026

"Conclusion: Mining Lease ratification process continues with the special committee reported to have held a meeting earlier this month. The Board decided to terminate takeover discussions highlighting major rerating potential for the Ewoyaa Lithium Project as indicated by a series of near term milestones and strong lithium market outlook. Market attention now turns to the mining license ratification and funding/partnering discussions."

https://www.share-talk.com/sp-angel-todays-market-view-monday-23rd-february-2026/

"leaving it to elevra is a dangerous game if you ask me" OK, I'm asking you, why?? Just sounds like a baseless conspiracy theory aspersion to me.

IDGAS who buys Ewoyaa, so long as I get 50p+ per share.

5toamillion,

"Lands and natural resources committee hasn’t recommended approval yet, they’ve meeting was 10 days ago… why haven’t we heard anything?"

Well there can't be anything wrong with the current agreement otherwise they would have contacted Atlantic Lithium to fix it, yet Atlantic Lithium have not been contacted regarding any issues, so no worries there.

How do you know that they haven't recommended approval, I do not see anywhere that Parliament announces that, so nobody would know until the first reading was announced in the Parliament Schedule, which for this week should appear later or tomorrow morning prior to the session.

Current Market Cap £141.89m.

Assore 2023 offer £222m flatly rejected, no discussions.

Multiple milestones hit since the Assore offer including increased resource, Felspar resource added and upgraded, MIIF funding, etc and Ratification imminent.

The board would only enter into negotiations if an offer was worth discussing, we know that from the flat rejection of the Assore offer, so with all the additional milestones, the offer must in my opinion have been £350m minimum. BUT, the board believes this company is worth more, and they should know, they have all of the figures plus the insider knowledge.

They would never have entered into negotiations if the offer wasn't significantly above Assore's, they would have flatly rejected it just like they did Assore's.

More nonsense. CATL or BYD can have my shares for upwards of 50p, and I suspect the vast majority of shareholders agree, with or without Ratification, the price is still my minimum.