Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
In one of those videos he talks of a potential for 70m tonnes. That is something he's hoping to reach in the next couple of years so they can become an integrated chemicals producer via a tie up with a downstream chemicals company. That is what long term investors can buy into today at a bargain price compared to what the price will be in a couple of years.
"Included in the study will be the recently increased mineral resource at Ewoyaa, Atlantic Lithium said, with the DFS also to evaluate an extended mine life and increased throughput to enhance the project's economics."
https://www.proactiveinvestors.co.uk/companies/news/1009066/atlantic-lithium-expects-definitive-ewoyaa-study-in-next-quarter-1009066.html
At 20:39 only 3% explored
At 20:49 Passive Seismic results in the next 2-3 weeks (video was out on 7 June so 3 weeks next Wednesday).
https://www.youtube.com/watch?v=m-HHZswHohM
At 3:53
"We did our clear down maiden resource in September last year of 18.9m tonnes that was still based on a 30m tonnes resource. We're now sitting at 35m tonnes."
"We're looking to update our reserves with our DFS that's coming out soon, to see that maiden reserve of 18.9 being lifted up to reflect the 80% of our resource now sitting in measured and indicated.
https://www.youtube.com/watch?v=ep-abFsCgcE
When do you think the dividend % will go back up? Currently no better than a deposit account according to the below but in the past has been substantially more.
https://www.dividenddata.co.uk/dividend-yield.py?epic=PSN
Another year yes. I have held these in the bottom drawer for many years. A rise of 17.39% leaves a long way to go to break even.
"the money will be spent on aggressively increasing resouces."
On the video they said they have only tested 3% of the area of the two licences they are working on. They also have added more area to those in the ML resubmit. And they have the two licences next door to work on in the future. Upside is staggering.
There's no point over analyzing this company. No need to look at every possibility through a microscope. Take it one step at a time and see how it goes. Next step DFS, then see what happens before looking at the next step. Simple.
You can't look at UK markets in respect of ALL.
UK markets are global markets. Funds in USA, Japan, Middle East, Australia, et al have holding in UK stocks, just like my pensions hold stocks in those countries. It also makes no difference what the UK does when the business of this company is in Ghana and globally for Lithium supply. What matter to this company is stability and government support in Ghana and Lithium demand globally.
The reserves will go up in the DFS, they said that in the latest video. My guess is 30% up on the PFS, but it could be more.
The way the share price goes daily is actually very good in my opinion. We are not dropping which is one good part. The other good part is that the price is consolidating at this level putting a solid floor under the price. Weak holders are diminishing. So by the time the DFS arrives we could get a big rise (depending on how bullish the upgrade and mining plan are).
ML is not the big catalyst the DFS is. The DFS as I posted recently is the 'shall we mine or not' decision maker. The ML as everyone knows is a given once the DFS demonstrates the viability of the mine and shows in final terms how lucrative it would be for investors and for the government that will issue the ML. Everyone knows that the government are backing the mine 110% so the ML is a given which means no investors need to wait for the ML before investing, but they need to wait for the DFS because that tells them that the mine WILL go ahead.
"it's looking more like H1 2025."
"Time scale for production is anyone guess"
I'd like to address those comments by saying that it's not that big a guess and it's not H1 2025 based on the current knowledge purveyed from the company.
Watch the video, listen carefully to what they are saying. ML in Q3, then EPA for 12 months, then mining can begin with the modular DMS.
That means mining start in Q3 2024.
http://www.youtube.com/watch?v=m-HHZswHohM
China unveils US$72 billion tax break for EVs, other green cars to spur demand
https://www.channelnewsasia.com/business/china-extension-purchase-tax-break-nevs-until-end-2027-3576561
That is massive news for Lithium battery demand.
China unveils US$72 billion tax break for EVs, other green cars to spur demand
https://www.channelnewsasia.com/business/china-extension-purchase-tax-break-nevs-until-end-2027-3576561
That is massive news for Lithium battery demand.
Because it is very risk-off right now? Because the whole markets have been dropping for days? And investors/traders with the time and cash are focusing on other stocks where they hope to make quick gains in and out in a few days? Then you have the one's that think the DFS is not going to move the price a lot (even though that may turn out to be incorrect)?
The DFS might or might not cause a big jump on the day it is released. The big money has a lot of DD to do and then get sign off of approvals to invest. This all takes time. I have seen many stocks go up slowly from an RNS like that, a few percent a day as the available stock diminishes before it gets a big jump as demand continues and supply gets really low. ALL could do just that. On the other hand if the RNS is deemed very bullish and is quickly followed by some director buys, then 60p+ could be on the cards really quickly.
I prefer to buy ahead of the market at low prices and then leave the market to do the work for me. I am also in for a longer run than just a DFS, ML, MIIF etc, because the biggest margin is to be had by holding the cheap stock for when the mine is into production next year. If people want to wait until it's 50p, 80p or £1 before they buy in, that is all fine by me as it is still going to be within my time-frame.
'I would imagine a good DFS could see a little uplift in the sp but I do think the numbers being good are sort of expected ..it will be the granting of ML that will hopefully put to rest the BO report'
But the DFS is WAY more than just the numbers. The DFS is the document that tells the market and especially big money investors that now is the time to put your money on the table. Do not underestimate the value of the DFS to II's like MIIF and in the wider market. The ML is pretty much already guaranteed with this project especially with the DFS to show that the mine will be a superb project for Ghana, so nobody needs to wait for ML before investing, but they do need the DFS to show that the mine will work and be highly profitable. The DFS is the huge derisking of Ewoyaa, the ML is just dotting the i's and crossing the t's.
Another thing. Directors bought recently. During interview we were told that Directors opportunities to buy are few and far between due to the amount of inside knowledge they are aware of. Once the DFS is announced, all of that inside knowledge is revealed to the market and at that point Directors can pile in again for more ALL stock. I see them taking that opportunity to fill their boots even more.
Definition.
THE DEFINITIVE FEASIBILITY STUDY (DFS)
The question ‘To mine or not to mine?’ is resolved at this stage.
By now all processing parameters have been through detailed and accurate metallurgical test-work has occurred.
While inevitably some will be assumed, these are usually realistic because they are dependant on all mining, processing and other considerations taken at and before this point.
As an example, Arafura Resources’ (ASX: ARU) Definitive Feasibility Study for its Nolans project in the Northern Territory forecast average annual production figures of 4,356 tonnes of Neodymium-Praseodymium oxide and and 135,808 tonnes of merchant grade phosphoric acid.
The mine’s life will be 23 years and average annual pre-tax earnings at A$377 million EBITDA, although the project would require just over $1 billion in capital and up to 650 employees at the peak construction phase.
The company used the study’s release to proclaim to investors, “the Project is financially and technically robust to support a long life operation”.
https://stockhead.com.au/primers/your-guide-to-mining-feasibility-studies/
DFS. I am very interested in the plan for modular DMS. The guys said on recent video that you can just drive them onto site and have them up and running in a couple of weeks. They bring forward revenues by at least a year based on the timelines they mentioned.