Member Info for EarEyeAm

99.999999999% guaranteed.

SeaTank8300,

I concur!

Worst case scenario is you sell at 18.8p instead of 16.2p, guaranteed upside that no other stock guarantees. Even buying at today's 16.55p as per early trades, guarantees you 13.55% upside for a max 6 month hold, that's 27.1% annualised, over 3x what you'd get from any Dividend paying stocks.

Spodumene is not getting any cheaper, check the price jumps!

https://www.cmegroup.com/markets/metals/battery-metals/spodumene-cif-china-fastmarkets.settlements.html

Spodumene is not getting any cheaper, check the price jumps!

https://www.cmegroup.com/markets/metals/battery-metals/spodumene-cif-china-fastmarkets.settlements.html

Seems like a good time to be grabbing Lithium resources....

BloombergNEF confirms energy storage has reached the 100 GW era

A record year, and an incredibly strong outlook for the energy storage sector.

Having tracked record installation numbers since 2014, the rise from 2024’s figure was a full 48% increase, for the 112 GW figure and 307 GWh of batteries added worldwide, according to the analysts at BloombergNEF.

In 2026, expectations are for another massive increase, with a jump of 41% from 2025 to 158 GW / 459 GWh in total.

With the outlook containing several predictions over the next decade, the 1H 2026 Outlook predicts that by the end of 2036, cumulative capacity will have reached 2,867 GW / 10, 514 GW, some 10 times the levels in 2025. In 2036, 306 GW will be installed annually.

8onuybgt,

It was always based on us owning and being able to sell 77.5%.

At the time of the bid being accepted, Elevra owned 22.5%, that is the only amount we legally couldn't sell. It makes no difference what Elevra might want to do at some point in the future, they hadn't done it at the point the offer was received and accepted.

What's interesting is that "Elevra will receive approximately U5$71 million (before fees and taxes) in cash" for it's 22.5%.

So if Elevra had paid the $70m and then held 50%, then sold it to Zhejiang, they'd have only made $1m on the deal. This suggests they are selling at the lowest amount, basically 'at cost', something that any prospective bidder will see as something they can safely bid higher than, whilst still getting a very good deal for the money.

Flatlined totally https://ibb.co/d4QQPMsH

"Key dynamics in the Chinese lithium mining sector as of mid-2026:"

"Intense Domestic Competition: The market has moved from pure expansion to a phase of intense, "cut-throat" competition following a nearly 90% drop in lithium prices from 2022 peaks."

"Competition among lithium companies in China is intense and characterized by a fierce race for market share between dominant players, primarily CATL and BYD, amid shifting lithium prices and high-capacity production. As of April 2026, CATL leads the Chinese lithium iron phosphate (LFP) battery market with a 38.48% share, followed by BYD at 20.66%, with intense rivalry among other players like Gotion High-tech and CALB."

Based on what????

Of course they will, China is the most cutthroat place in the world for stamping on competitors!

Spuddymadrid / Cephalo,

I'd be happy with those solutions. The only blocker is the Governments' "We're doing green energy only and sticking out heads in the sand" attitude. If they can pull their heads out of the sand for a second and make the right decisions for Ireland, the better for everyone.

One way or the other I believe well get a big pay out. For new investors there's 20% of it dangling like a carrot on a stick, which could help rerate the stock on relisting, a £2.3m Market Cap company with potentially an asset worth £20m plus interest.

As I said, the price has flat lined after the initial spike, drop and recovery. This to me is a good indication that Zhejiang or Hedge Funds are soaking up the sells via prearranged deals with the Market Makers to take any stock released into the market at 16.3p.

If it's Zhejiang then they are getting the assets cheaper the more stock they buy at 16.3p instead of 18.8p. If it's Hedge Funds, they stand to make the profit from 16.3p to 18.8p for a 6 month or less hold, about 4x more than they'd get from Dividend paying stocks.

See the 3 day chart I uploaded to https://ibb.co/KjryGH7J

Re: Compensation early settlement from Ireland.

They certainly have dug themselves into a very deep hole.

They have Goodman wanting to get Barryroe pumping after acquiring the licenses from BOE. I'm still wondering how they got LOGP's 20% without paying LOGP anything for that? But anyway, if Ireland grants Goodman anything then it's openly admitting to ICSID that it's decision to block BOE/LOGP was biased and in contradiction of the Treaty.

If Ireland pay LOGP compensation to avoid the ICSID courts, there will be massive uproar across the country that the Government was paying a huge sum of money for a company NOT to produce the Oil and Gas that belongs to the country.

If Ireland try to fight the ICSID claim and lose, there will be massive uproar over Ireland losing a much bigger sum of money to stop a company producing the Oil and Gas that belongs to the country, with many saying that the country, if it was total against fossil fuels, should have made a cheaper early settlement.

If the Government then allow Goodman to produce that Oil and Gas, there will be even more uproar over the cost of settlement or legal case with LOGP, because the government could have just let LOGP back in by revoking the licences Goodman has, at the same time issuing new licences 80% to Goodman and 20% to LOGP and allowing them to go ahead with Barryroe.

Get a beer and some popcorn and watch as it all unravels in Ireland!!

Katstrangler = FILTERED

Funny how you quickly change your tune based on whether you're in or out. It's typically referred to as 'talking your own book' and purveys a feeling of zero credibility in anything you post.

On 7 May you posted the following along with a string of other bullish claims, then on the 8th you started the negative posts. If you're out then you've no reason to be here, unless you have an agenda that is.

katstrangler

Posted in: ALL

Posts: 11,610

RE: If we know it's a low ball offer, so will the prospective counter bidders!

7 May 2026 13:04

Australia won't want chinese ownership of their country's assets.... there'll be another bid. with a bit of luck, hayyou's attempt to match will see this at 25

I tried to buy more, I wanted to get 5x my current holding, unfortunately, my broker wasn't offering the deal and I couldn't see any way on the WRAP Website to be able to buy directly from them.

The same situation must apply to loads of other investors, it's not a lack of willingness to buy, it's just impossible for many investors to be able to do so.

In any case, it's less dilution so everyone should be happy.

My plan now is to buy the stock I wanted at the open on relisting, unless it rockets before I can get it.

AROK1975,

What tells me a competing superior proposal is coming is that the current bid is way too low.

The previous flatly rejected offers in 2023 of £222m says it's too low, before you then take into account that in 2023 there wasn't a ready to build Mine up for sale, now there is that plus an increased MRE, plus 'optimisations' that ALL are keeping in their Data Room for bidders.

My minimum acceptable bid prior to the current one arriving was £350m. That's 43p per share. Even if you took Elevra's 22.5% off that it would still be 34p per share to us.

There's plenty of prospective bidders that could pay that if a bidding war drove the price up. Battery Manufacturers like CATL and BYD, Car Manufacturers that make their own Batteries, big mining companies, or companies that had lined up in the past 2 years to get offtake agreements. The buyer now gets 100% of a huge ready to build Lithium Mine with a low cost of extraction, stable Government that supports Mining, etc etc.

AROK1975,

The Atlantic Lithium Deed also includes loads of mentions a Competing Proposal and a Superior Proposal. The ASX announcement has the full Deed whereas the UK RNS does not. So Atlantic Lithium clearly provisioning for such a possibility in the Deed.

The file link below.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03087718-2A1670838&v=undefined

AROK1975, I concur!

This bit also covers further bids coming in:

"The Company will keep the market informed of any material developments in accordance with its continuous disclosure requirements."

List2309,

That's how I see it too. As I said last night:

As per the guys on RockStock, because a bid has been accepted, it puts the company 'in play' which means it is there for other bidders to now come forward and make their counter bids.

It is even better now that Elevra have agreed to part with their cut, because now 100% of Ewoyaa is 'in play', making it much more attractive to big players, as there's no need to enter a JV with Elevra.

I'm betting Zhejiang are hoovering up the stock so that if higher bids price them out they make a profit on the stock. That is a totally normal thing to do in a takeover.