Member Info for EarEyeAm

Well I can't see that info anywhere so it's not public. If it is public post links, you've no valid reason not to if you want to be believed. If it's not public then that's a different story.

Government agenda, not appeared yet:

https://www.parliament.gh/docs?type=AG

Business plan for Monday, not appeared yet:

https://www.parliament.gh/docs?type=BS

Ministry of Lands, nothing there about that

https://mlnr.gov.gh/news/

Nothing in the news to confirm it:

https://www.google.com/search?q=ghana+mining+royalty

Philsy027,

Lithium battery manufacturers are indeed adding Sodium, they ARE NOT moving away from Lithium. Sodium is expected to take 5% to 10% market share in 2030, which is FOUR YEARS away and of little importance because the entire battery market will be bigger than that by then.

As I say, I'm not even looking at 30p. Atlantic has already had bid offers (isn't it two so far?), Ratification is surely what bidders are waiting on to make a move, as that is the final hurdle to being able to build the Mine. Bidders don't need to wait for Atlantic to make a Final Investment Decision, that would be the bidders own decision, in fact, their bid for Atlantic Lithium would effectively be their Final Investment Decision because they are committing their capital to the project by buying out Atlantic Lithium.

Too many investors waiting for Ratification before buying. They want 100% certainty. Yes, it's getting a re-rating and deservedly so, but no way do I see it going above 20p prior to Ratification, but 30p+ is where it should go after Ratification.

You can be sure that many investors will be suffering the live stream on the day Ratification and Royalty LI are being discussed. If there's a vote during LSE open hours, money will move way before the company get an RNS out.

If Ratification is voted through after hours, ASX will move first and UK will be marked up before the open.

It's safer to buy anything you want now rather than hope to jump in, unless you want to suffer watching the daily shouting, finger pointing and arguing on the live stream, it's worse than the UK soaps.

I was just looking at the Ghana Stock Listing. The stock was listed there in May 2025 as part of the dealings with the Ghana Government, to enable the local people to buy the stock.

Apparently the price was supposed to be linked to the ASX.

The price showing is 6.12 Ghanaian CEDI. Converting that to GBP gives me 41p per share, and there have been buyers at that price! I thought I was seeing things so checked on two websites.

Scroll down to the trades

https://afx.kwayisi.org/gse/allgh.html

Price confirmed at

https://www.marketscreener.com/quote/stock/ATLANTIC-LITHIUM-LIMITED-169978358/

Also, right now, the Elevra Market Cap is 1.25 billion AUD, which is $650m, so likely for them a combination of say a 5% to 10% fund raise plus existing cash plus forward selling, option of partnership, option of project finance (debt) which is likely only available after Ratification.

Not a worry, they'll have no trouble with the money.

Elevra (Piedmont) has signed an MOU recently where it intends to forward sell Spodumene Concentrate from another mine. They should have no trouble doing the same with Ewoyaa Spodumene as production is far enough away to make deals now with battery manufacturers.

https://www.chemanalyst.com/NewsAndDeals/NewsDetails/elevra-lithium-enters-non-binding-mou-with-mangrove-lithium-41095

Google says:

Strategic Financing: Elevra has engaged financial advisors to develop a strategy to secure the necessary funds for construction while minimizing dilution, which includes potentially bringing in partners.

Merger Synergies: The recent merger into "Elevra Lithium" has created a stronger balance sheet (approximately A$225m or US$150m in pro forma cash as of September 2025) to support development.

Manx,

Yes loads of potential from Chinese battery manufacturers. Their biggest issue items actually the Chinese Government not renewing mining licences, they've done this to correct the Lithium price upwards and it's worked. Chinese battery manufacturers must look outside of China for Lithium or Spodumene Mines in stable countries in order to get round what the Chinese Government is doing. Meanwhile the demand for Lithium is forecast to keep increasing, so Chinese battery manufacturers need to move fast with these acquisitions.

"Key 2030 Targets and Trends: Demand & Capacity: McKinsey predicts battery demand will grow at roughly 27% annually to 4,700 GWh, with EVs accounting for 4,300 GWh. Total manufacturing capacity is expected to exceed 5,500 GWh, with China leading at over 6,000 GWh capacity."

Paul,

It was showing on ADVFN 15 mins after, no delay over there.

I won't be selling any of my stock on a Ratification surge, which should be to 30p I'd guess, I'll be waiting for takeover bids, which should be 60p+, I can wait a bit longer for that, a couple of months is all it should take for bidders to appear. We already have Assore and Elevra as potential first bidders, then there's Chinese brands like CATL and BYD that should be very interested since having their Chinese supplies curtailed by the Chinese Government recently.

Paul2566,

Nice!

I wouldn't call it a gamble, Ratification is happening, the minority only have 1/3 of the vote and need 2/3 of the vote to stop it, which they will never get (if you watch Ghana Parliament live stream you'll know why). On Ratification the price is only going one way, up. And Ratification opens up the likelihood of takeover bids, because at that point Ewoyaa is a fully approved ready to build Mine in a stable country.

Advertised BID is 15.8

Advertised ASK is 16.6

So no Arbitrage at the open.

There's always a slight price difference between ASX and AIM, the point being that when you sell on either market you get a lower price (the BID) and when you buy on either market you pay a higher price (the ASK) and Arbitrage is intended to prevent you selling in one market at the BID price and buying the stock cheaper in the other market at the ASK price. So always look at the BID and ASK prices, not the MID price, and also take into account any tax or commission you'd need to pay on either deal. The theory is that you shouldn't be able to profit this way, but we've seen lately the MM's not doing the Arbitrage, which means at the open it's possible to buy back cheaper if you sold at the close on the other market the day before.

The MM's not doing Arbitrage means the price here won't change at the open today, it might change if if there's more buyers or sellers which is just a normal day, with the MM's putting the onus on ASX to do the Arbitrage.

Andotherthing,

QED have always told us what they've been told by the clients or lawyers, if you have a beef about what's been said it's with the clients or lawyers, not the QED people.

"The government is undertaking sweeping reforms in the mining sector to position the country as Africa’s most attractive mining destination."

"The Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, says the government’s transformative reset agenda is touching every institution in the country, with the mining sector among the top priorities."

"He also courted global investors to consider Ghana as a preferred destination for mining investment."

https://citinewsroom.com/2026/02/govt-rolling-out-mining-reforms-to-attract-investors-armah-kofi-buah/

"Mining Indaba 2026 attracted more than 10,500 participants, including government officials, industry leaders, regulators and stakeholders, to deliberate on critical challenges and opportunities within the mining sector."

"The annual Mining Indaba is the world’s largest mining investment conference dedicated to Africa, bringing together key actors across the mining value chain to promote investment, partnerships and policy dialogue within the sector."

https://www.newsghana.com.gh/ghana-showcases-mining-investment-opportunities-at-indaba/

You simply can't go to an even that big and say “Ghana is the most attractive mining jurisdiction in Africa" if you then don't back it up with Ewoyaa Ratification without any further delay.

“My friends, if you think about investment in mining, think about a country that has really gained a reputation over the years for political stability."

“Think about that one country that has gained that reputation for regulatory certainty."

"Think about a country that believes that it is fair for investors to have a very good return on investment."

"By doing so, we work together to also create a win-win partnership, not only for those communities, but for the country at large,” Mr Armah-Kofi Buah said.

“Allow me to invite you to the beautiful, mineral-rich, opportunity-leading Ghana."

"Come and see for yourself, and let’s go create solutions that benefit investors, communities, and the group at large”, the Lands Minister added.

https://www.graphic.com.gh/news/general-news/ghana-news-lands-minister-woos-mining-investors-at-mining-indaba.html

A claim that needs to be fully backed up with Ewoyaa Ratification ASAP. This is the same division of Government that held the Committee meeting today on Ewoyaa Ratification.

Lands Minister: “Ghana is the most attractive mining jurisdiction in Africa".

https://mlnr.gov.gh/ghana-showcases-mining-strength-and-reforms-at-mining-indaba-2026/

Interesting that the Government made a very rapid response to the Cocoa industry where farmers had not been paid. From what I saw, videos of their plight only appeared last week, yet they've had meetings, sorted out payments, sorted out sweeping market reforms, sorted out the industry debt and more.

https://youtu.be/YpXKx_EpPmM

"Ghana's unpaid cocoa farmers are forced to go hungry"

https://www.reuters.com/world/africa/ghanas-unpaid-cocoa-farmers-are-forced-go-hungry-2026-02-12/

Now, that is no different to the 1000 Ewoyaa farmers that are forced to go hungry while they are still waiting for their compensation and jobs. The Committee must recognise the urgency.