Member Info for EarEyeAm

Search Google for 'new EV's 2024' and there's several news articles listing them. There are loads arriving this year, importantly low priced one's targeting mass uptake. USA is getting many of the models sold in UK and EU now that they have geared up under Biden's incentives, plus many of their own home grown EV's on top.

As the CEO of ABB said in an interview a couple of days ago (look on their LinkedIn page for it if you want) when asked about slowing EV sales, he said they didn't see it as slowing but normalising after years of high growth.

He is right when you look at the actual sales. Growth was through the roof because sales were ramping up from a very low level. Suppose you went from 10,000 a year to 50,000 a year to 500,000 a year, growth is huge. Then you go to 1,000,000 a year, then to 2,000,000 a year. Growth has slowed a lot percentage wise, but the market is still growing fast and there are still large numbers being shipped, it's not suddenly dropped back to 500,000.

Long term, as in by the time ALL are producing, the demand is going to go up a lot, and SPOD prices are expected to as well, which is why companies like ALL will continue their plans and ignore the current SPOD price, and why their DFS had a price in it that should be achievable when production begins.

When looking at the valuation I would take what is said in this article into account, on top of the Lithium price. This year could be very good, but also there's a risk ALL could be taken out cheaply due to the market not valuing it as highly as it should be valued, for the reasons mentioned in this article.

https://www.cityam.com/from-sugar-rush-to-recovery-could-2024-be-the-year-london-markets-get-back-on-track/

I am aware that the Spodumene price has dipped due to "improved availability of supply and softer demand pressuring lithium hydroxide and carbonate prices", but as we're not mining yet I don't see why investors would exit or reduce this stock at this time, as it's the Spod price in 2025 that matters, not the current price.

Looking at the DFS I see the following prices, but does anyone have the latest long term forecast or a pointer to a website with recent data? Thanks!

Table 1 EWOYAA DFS KEY METRICS (100% PROJECT BASis2)

"SC6 Sell Price, LOM Average, FOB Ghana, US$/t 1,695"

Table 7 Summary of Key Pit Optimisation Input Parameters

"Spodumene price $/t 1,500"

Table 12 Summary of Modifying Factors for Ore Reserve Determination

"Spodumene price (SC6.0 and SC5.5 product) $/t 1,587"

Table 24 Project Product Pricing Forecast, USD, FOB Ghana

2025 $/t 3000

2026 $/t 2557

2027 $/t 2000

2028 $/t 1841

2029 $/t 1770

2030 $/t 1666

2031 $/t 1560

Great! Thanks Teddy!

Klunk,

"So how many systems make up a fleet ?"

In this case we are talking about the Speedy Hire fleet, which I would put as hundreds of gensets., as per this article:

https://www.theconstructionindex.co.uk/news/view/speedy-builds-largest-clean-generator-fleet

So as I said, it has nothing to do with ABB or the 200kW system, thanks for confirming that from your point of view.

Don't be fooled.

https://www.whichev.net/2023/09/18/fully-charged-teams-up-with-faircharge-to-combat-ev-misinformation/

https://www.youtube.com/watch?v=LeHakmL6eEc

https://www.youtube.com/watch?v=SHZYyHoSJD0

Total volume today so far of just 34,148 shares. Not exactly falling over themselves as I thought might be the case.

The offtake agreements should definitely be price moving (when they come), as they are expected (by the BoD) to include cash up front, which reduces any cash commitment ALL might need to make to build the main mine.

Good news yes, market moving not sure, as we need to drill those areas and prove there's viable Spod there first. Of course, being analogous to the existing proven Spod does help. I'm a lot more interested in how this adds to the longer term case for having an in-country processing plant, as we know the company were looking at doubling the resource before that would be viable, so these new licenses are the enabler of that and likely intended that way by the Government.

It's not just EV's that are increasing demand. There's exponential growth in multi-MW battery power storage projects globally. More and more remote smart devices are integrating LI-Ion batteries. Phones are increasing battery sizes, for example iPhone 11 - 3110mAh, iPhone 15 - 3349 mAh, iPhone 11 Pro Max - 3969 mAH, iPhone 15 Pro Max - 4441 mAH, and this is the same across the board as newer tech, features and Apps/Games need more power.

More good news. How big does this resource need to get before the herd realise?????

Where did the US$ 42,930,730 come from???

(g) Liquidity and Capital Resources

As at August 31, 2023, the Company had cash and cash equivalents (including short term cash deposits) of US$ 42,930,730, and a working capital surplus of US$ 2,619,378. As of February 28, 2023, the Company had cash and cash equivalents of US$ 7,746,519, and a working capital surplus of US$ 7,135,119.

Post period end on 28 September 2023, the Company announced an updated Mineral Resource Estimate ("MRE") at the Company's Basin Project, Arizona. As per the Gross Overriding Royalty Agreement with the Lithium Royalty Company ("LRC"), this new contained LCE Tonnage, which was well over the contracted threshold of 1 million tonnes LCE, enabled the Company to trigger the payment of US$2.5 million from LRC, which was received by the Company in October 2023.

Stats, please cut out the baseless speculation and conspiracy theories, try if you can to stick to facts, here are some posted earlier.

It says here that Bollinger still works for Egerton:

http://www.symmetric.io/hedge-fund-employee/WILLIAM-G-BOLLINGER-3A00

And this cannot be disputed, it is information from UK Government Companies House themselves, stating he is still working for Egerton.

https://find-and-update.company-information.service.gov.uk/officers/P_MTmIMiypli4whPxnD3pK-U4zg/appointments

And the RNS from UPL states clearly that he is involved in the bidding.

92 million that SEC Capital could acquire directly in one easy trade.

What next I wonder:

1) SEC Capital make their offer official at 14p

2) SEC Capital make an official offer at a higher price than 14p

3) SEC Capital TR-1 as they try a hostile takeover by buying the stock in the open market (including possibly taking out big holders directly)

Be mad to sell these with what's going on.

Until the price goes up significantly it's just a buying opportunity and I'll keep on accumulating. It obviously won't be this low price forever, it has great projects and no cash concerns, so get em while you can I say.

The offer at 14p rejected. Do SEC make it a 14p official offer and see if shareholders will accept it, or do they offer more and hope the BoD accept it? I'm sure they will do one or the other, soon.

It surely has to be a different company, not that Chinese one. It has only made two investments and both in a completely unrelated industry. It doesn't fit at all. It's a red herring.

F1, you might want to read the RNS again.

"The Board of Upland confirms that it has received an unsolicited, very preliminary approach regarding a possible offer for Upland"

Nothing in that says an offer has been made yet.

That is why UPL have invoked Rule 2.6(a)

"As a consequence of this announcement, an "Offer Period" has commenced in respect of Upland in accordance with the rules of the Takeover Code. In accordance with Rule 2.6(a) of the City Code on Takeovers and Mergers ("Code"), Potential Offeror is required, by not later than 5:00 p.m. (London time) on 20 November 2023, being 28 days after today's date, to either announce a firm intention to make an offer for Upland in accordance with Rule 2.7 of the Code, or announce that it does not intend to make an offer for Upland, "

Either you think SEC will make their offer official or you don't, that is the bet here.

The board has rejected 14p but a lot of investors would take it. SEC know this, so it is probably worth their while making the offer official and seeing how many accept it. The board can say it's a low offer, but show me a shareholder that wouldn't take it, even buying at the current price.

That was definitely a "get back in your box" RNS!! LOL!!