Member Info for EarEyeAm

"According to the consultant MSC’s ORIC series of LNG-powered 11,480 teu ships built at Zhoushan Changhong International Shipyard, were initially built without scrubbers, however, later deliveries, such as the MSC Adele, featured exhaust gas cleaning."

Well if you were MSC and you'd planned ahead to put MSAR in the fuel tank, or a high Sulphur bioMSAR, you'd fit a scrubber wouldn't you.

Https://www.seatrade-maritime.com/containers/scrubbers-on-green-ships-raise-questions

Very interesting development. Methanol and LNG are going nowhere really, commercial uptake, actual use of these fuels is barely a drop in the ocean of marine fuel use. Nobody would install a scrubber on these new builds if they had any genuine intention to use those fuels in the near term.

Before I start, let's get one thing perfectly clear before my Internet stalking trolls arrive, OPINION IS NOT RAMPING. If you don't want to know my OPINION, DON'T READ THE REST OF THIS POST!

As we've had no notification RNS on MSC since the AGM on 28 Nov 2025 when the CEO said he was putting more people onto the push for Bipartite Agreement sign off and was targeting that by end of January 2026, and also bearing in mind we are now 22 days into January and we've had no RNS to say that the trial has been cancelled by mutual agreement with MSC/Cargill, I am OF THE OPINION that all parties are still fully committed to the trial and will sign off the Bipartite Agreements in due course, I think if that were not the case then things would have come to a head by now (only 9 days left of January) and the plug would have been pulled, but it hasn't because in my OPINION it's not going to be pulled it's going to be signed off.

From the AGM:

"In terms of the actual status on the agreements, some of this is actually not very sexy and quite boring but some of it is that we have a number of bilateral agreements and not all of them include us. So we've just realized now that we probably have to get involved for real and, being pushy and being that annoying kid on the block that always keeps everybody else up, and pushing these agreements. So we've had very good and, I think very constructive meetings with with Cargill last month. We've had also very constructive feedback from from MSC on one of these agreements that we are now turning into a fourpartite to overcome one of the problems. I know you want me to give you a timeline or a deadline. My deadline is that I want it up and running by by end of January if I can. And and all I can promise you is that we gonna we have two or three people on this to to push and drive it."

L0ngterm,

Think more along the lines of $2,500 to $3,100.

SunSirs Commodity Data Group:

"Compared with the 15-fold increase in spodumene prices in the previous cycle (2020-2023), this round is expected to reach a peak of 3,100 USD/ton from the low of 610 USD/ton for spodumene in mid-2025, with a potential increase of about 5 times."

https://www.sunsirs.com/commodity-news/petail-29870.html

It's worth watching this. Note especially the chart 16 seconds into the video.

https://www.youtube.com/watch?v=HiXgaTHAcL4

From Google: "CATL (Contemporary Amperex Technology Co. Ltd.) does mine lithium, primarily through its significant Jianxiawo mine in Yichun, China, a major lepidolite source, and holds stakes in other global lithium projects, demonstrating a strong push to secure raw material supply for its massive battery production. While operations at its key Chinese mine faced temporary shutdowns due to permit issues, CATL actively develops its own lithium resources globally to build supply chain resilience."

Also from Google: "CATL's Jianxiawo lithium mine permit expired in August 2025, halting operations in China's Jiangxi province, significantly impacting the global lithium supply and spiking prices, with CATL working on regulatory approvals, including paying fees and securing reserve approvals, to restart the crucial mine, though economic viability and strict environmental rules complicate the process."

The Chinese authorities are holding back on the mine permit for Jianxiawo (and others) to get Lithium prices back up to levels THEY consider financially sustainable. The only way for CATL to get more Lithium for their batteries is to source it from other mines and it will cost them more because it's not their own production. The move by the Chinese authorities will have shocked companies like CATL with regards to security of supply. They can't even produce from their own mine, blocked by the authorities!!.

This will undoubtedly lead to them seeking to buy mines outside of China so they don't have that problem in the future and will have much better guarantee that nobody will cut off their supplies out of the blue.

Ewoyaa with Ratification becomes a ready to build mine, a perfect opportunity for CATL to buy out Atlantic or buy Atlantics' share of Ewoyaa. They can bring in Chinese mine construction teams and build the mine much faster than the current Atlantic build time and at lower cost, which would reduce the all-in cost of $610 per Tonne for the Spodumene. They can then refine the Lithium themselves to create more profit for themselves.

"CATL (Contemporary Amperex Technology Co. Ltd.) is involved in lithium refining, primarily through its joint ventures in China, such as with Jiangsu Lopal Tech."

CATL can clearly afford to make an offer for Atlantic or Atlantic's share of Ewoyaa that the Atlantic Directors would accept and an offer that would make shareholders very happy.

Unlike China, Ghana is never going to stop CATL from accessing it's Lithium.

I will be keeping hold of all of my Atlantic Lithium shares after Ratification in anticipation of a bid.

15m shares buy.

They don't state that the Valkor target was 40bopd per well, presumably because this would add to the evidence that can be used to identify the client which for some bizarre reason what's their name kept secret.

THOR achieved 60bopd which is 50% more then Valkor was targeting.

A while back we heard that Cavitas had advised 'the client' which we believe is Valkor (as nobody else has a well targeting extra heavy Oil in Utah) on field development and 'long run wells'.

At the time, it was suggested here that the existing well pads of 6 production wells and one injection well would be scrapped, because they do not fit a 'long run well' system (the further they go, the further apart they go, leaving gaps of oil between them). The long run wells would be a new design, most likely of parallel runs that did not need an injection well because THOR is inserted into the Oil well, with parallel runs, the further they go they stay the same distance apart, so no Oil is left behind. Also, the original design had a steam injection well which is a well that is not required with THOR because the THOR heater is installed in the Oil production well. The original field design has been scrapped for sure.

On checking the Utah Data Explorer for Oil Wells, I can see that all of the Valkor Well and all of the Tomco well applications have been allowed to lapse and have been returned to the companies as unapproved. I believe this confirms the above plan and, that a new well layout with long run wells will subsequently be applied for by both companies.

Meanwhile, Valkor are currently constructing their mining processing plant which will produce Oil for Quadrise and other uses. It's scheduled to be up and running in Q2 or Q3.

Spod now $2,210, up $90 or 4.25%

Price Range paid:2,090 - 2,330

Tuesday's price range was 2,050 - 2,190 and the average $2,120.

So people paid $40 more at the low end but $140 more at the high end. Again this suggests buyers are willing to pay higher prices still, so I think the rally will keep going.

"The Lower Thames Crossing is a pathfinder project exploring low-carbon construction. It has set itself a target of a 70% reduction in its construction carbon, against its original calculations, and a significant proportion of the reductions will be achieved by eliminating diesel from its construction sites by 2027"

https://nationalhighways.co.uk/our-roads/lower-thames-crossing/news-and-media/hydrogen-powered-construction-a-step-closer/

"Several major tenders, like HS2 and Lower Thames Crossing, are specifying reduced carbon solutions"

https://www.speedyservices.com/uploads/file/044c13be7612428fb5a1d1fa1668a5a2/Hydrogen_Solutions_Whitepaper_(1).pdf

Previously https://www.linkedin.com/posts/activity-7389304758446006272-v9Sf/

"if the government just went straight in 1st week and went let’s get this done! Vote and go, go,go."

Well it's taken over 2 years to get to the point of having everything lined up as acceptable by the Majority Party, and considering it got delayed further over the XMas recess, it really is time they stepped on the gas and pushed it through for the people of Ewoyaa.

I just bought a few more at 10.925p, just rounding up my holding to the nearest 500,000. Bring on Ratification, and then a bidding war please.

"Wilson added that AFC is now focused on rolling out the LC30 through an “enhanced channel network” to support growing global demand."

https://www.proactiveinvestors.co.uk/companies/news/1086003/jp-morgan-favours-gpe-amid-london-office-recovery-and-ai-tailwinds-1086003.html

From Google: "Sales via an "enhanced channel network" refers to a strategic, often indirect, sales model where a company expands its market reach and improves efficiency by strengthening and optimizing its relationships with third-party partners, such as distributors, resellers, agents, or dealers. It involves moving beyond traditional, passive distribution to a more active, collaborative partnership approach."

So some of the next RNS are likely to be agreements with distributors, resellers, agents, or dealers.

As both the Royalty Bill and Ewoyaa Agreement are at Committee stage, there is also one more option that is possible.

"In the Parliament of Ghana, an urgent one-day process to approve a bill is permitted under Standing Order 160 (of the new 2024 orders) when a bill is certified as being of an urgent nature. This process allows a bill to bypass the usual 14-day publication requirement in the Gazette and move through all its stages—First Reading, Second Reading, Consideration, and Third Reading—within a single sitting day."

Here is the breakdown of the "one-day" process based on the 1992 Constitution and Standing Orders:

1. Certification of Urgency

Committee Review: The process begins when the appropriate committee of Parliament determines and certifies that a bill is of an urgent nature.

Bypassing Publication: Once certified, the bill can be introduced and debated without being published in the Gazette beforehand.

2. The One-Day Procedure (All Stages)

Under this procedure, the following stages are fast-tracked within one day:

First Reading: The bill is presented, and the Clerk reads the long title.

Second Reading (Debate on Principles): Members debate the general principles of the bill.

Consideration Stage: The House, often sitting as a "Committee of the Whole," reviews the bill clause-by-clause, allowing for amendments, insertions, or deletions.

Third Reading (Final Passage): The final motion is moved, and the bill is passed.

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

Something to bear in mind is that the Chiefs all say that Ratification is URGENT for their people, many of which are young, unemployed, lost their land to Ewoyaa so have no income or nowhere to grow crops so are in hunger and poverty.

Getting the mine up and running is extremely important for Ghana income and to give confidence to foreign investors looking to invest into the Ghana mining sector. You could argue it has become URGENT.

Also bear in mind that the typical time it takes from signature to Ratification is 10 months, but Ewoyaa has so far taken 2 years, 3 months and 2 days. So from a Parliamentary governance perspective it should also be considered URGENT to end the delay.

"Recent Activity (2025): Parliament ratified mining leases for Akyem Gold Mine in July 2025, which were approved by the Ministry in September 2024, indicating a roughly 10-month, more routine timeline."

"Intense scrutiny and stakeholder disagreements can significantly delay the process, exemplified by the Ewoyaa Lithium lease, which was signed in October 2023 but remained in negotiation/review through to 2026"

Further to that, the onus is on Parliament to get things debated and voted on before the 21 days are up, so that the ministers representing all stakeholders and the public get to give an opinion on things.

As both the Royalty and Ewoyaa Agreement were put forward by the Majority Party, the Minority will demand they are both debated, so that they can have their say even if they know they have no chance of getting 2/3 of the votes to veto (if that's their position, it might not be with the Spod price over $2,000 now) either of the motions.

The reason the Minority will want to have their say is so that their opinions and position on both is publicised via the media, so that all of the stakeholders and the public can see which points were argued by their representatives.

What the minority will not do is sit back and let things run for 21 days without themselves having a say on it, just watch their Parliament TV on YouTube, they love to stand up in Parliament to have a shout and to wave or point a finger about anything, let alone one of the biggest things for Ghana in some time, the first Lithium Mine.

Yes, a small price rise on Monday and a bigger rise yesterday. I also look at the price range to see how high a price buyers paid. The average last Friday was 2,050 but yesterday that was the minimum, with buyers paying up to 2,190 over the days trading. This looks good upward pressure for a further rise today and maybe it'll go for the next leg up to 2,500 over the next couple of weeks.

Price Range:2,050 - 2,190

https://www.metal.com/Lithium/202311300003

JackB14,

2 processes, the first covers the Royalty, the second covers Ratification. In both cases they can be completed earlier than 21 days as both are debated and then voted on. The agreement is well advanced, potentially completed '3) Committee Scrutiny', the next step is '4) Debate & Resolution:' where it will be debated and then VOTED ON. I believe the Royalty is at the same stage.

Stages of Passing a Bill in Ghana

1) Drafting & Introduction (First Reading)

A bill is drafted by the Attorney-General's Office (for government bills) after Cabinet approval and published in the Gazette at least 14 days prior (unless urgent).

The Speaker of Parliament reads the long title, and it's referred to a relevant parliamentary committee for examination.

2) Second Reading (Debate on Principles)

The committee studies the bill and reports back, forming the basis for debate on the bill's general principles by the full Parliament.

Members debate whether the bill should proceed.

3) Committee Stage (Consideration & Amendments)

The bill is scrutinized clause-by-clause by a specialized committee (or the whole House).

Amendments are proposed, debated, and voted on, incorporating collective input.

4) Third Reading (Final Vote)

A final debate occurs on the bill as amended.

The House votes on the bill's final passage.

5) Presidential Assent

The bill, once passed by Parliament, is sent to the President for assent (approval) to become an Act (law).

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

Here's a step-by-step breakdown of the process:

1) Initiation & Cabinet Approval:

The process starts with the relevant sector Ministry submitting a memorandum to the Cabinet seeking approval to ratify a treaty or agreement.

Cabinet approval is a prerequisite for Parliament's involvement.

2) Laying Before Parliament:

After Cabinet approval, the agreement or treaty is formally laid before the Parliament of Ghana.

3) Committee Scrutiny:

The Speaker refers the document to the appropriate Parliamentary Committee (often the Foreign Affairs Committee, but could be others, like Mines for resource agreements) for detailed consideration.

The Committee examines the agreement, holds hearings, and prepares a report with recommendations.

4) Debate & Resolution:

The Committee's report is presented to the full House.

A debate ensues, where Members of Parliament discuss the merits and issues of the agreement, with the sector Minister responding to questions.

The Speaker puts the question, and a resolution is passed, either by a simple majority or requiring more than half the votes, depending on the constitutional provision.

5) Finalizing Ratification:

The Clerk of Parliament forwards the resolution to the Minister of Foreign Affairs.

The Ministry then prepares the Instrument of Ratification for the President's signature.

Once signed, Ghana notifies other parties, formally consenting to be bound by the agreement

13p reached, way more to come.