GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
https://www.mylibertynews.com/lithium-discovery-can-improve-ghanas-economic-fortunes-ies/
31 Aug 21 RNS LL.
The observant and fastidious Whatsthetip (HC ASX A11) has spotted that one of the licences included in ML application is now owned 90% by ALL (ASX RNS last night) whereas (he notes) it was reported in the most recent AR to 12/22 that it was then 100% ALL owned.
It's known that guv plan to take a 10%.... Just happend?
All the more disruptive now for them to chuck Atlantic out of Ghana if they have already been buying a stake in the mine from our developer.
Not going to happen.
Directors are in a closed period.
Vox
https://www.**********.co.uk/articles/neil-herbert-of-atlantic-lithium-short-seller-note-is-irrelevant-and-has-no-impact-on-what-we-are-doing-76c1aba/
Excerpt
"Piedmont currently contemplates utilizing spodumene concentrate from this offtake agreement as partial feed for its proposed Tennessee Lithium hydroxide plant. However, if for any reason Piedmont does not exercise its right to this offtake supply, the Company is confident that alternative sources of spodumene concentrate would be available to feed the Tennessee facility..."
Of course they have to say that but it gives the impression the Ewoyaa deal is painless to walk from. For piedmont it very much is not....... Something BO does understand.
Consequent sp afternoon weakness.
Fernley
https://twitter.com/LithiumIonBull/status/1633825432536481792
https://youtu.be/96_ETJiOmlc
LL
Form:
https://finance.yahoo.com/news/fake-story-tanks-eric-fry-222706543.html
Always best advice - go to source.
"A party campaigning on an anti-corruption platform may well make the licence approval an election issue."
Unlikely as the father of the previous head of JT is Johnson Asiedu Nketia, his party is NDC, they are the present oposition. The parliament make up is
"Party Representation
New Patriotic Party(NPP) - 137
National Democratic Congress (NDC) - 137
Independent Candidate(s) - 1
Total - 275"
The speaker is NDC. The president is NPP.
Atlantic's acquisition of JT in Feb 21 was approved by this gov.
When you look at the evidence BO cite that they claim demonstrates there has been impropriety on the part of Atlantic it clearly shows Atlantic have acted correctly and within Ghanaian law throughout. Also the acquisition was examined and passed by the mining ministry.
Little doubt BO will continue with their campaign though- it's what they do.
Atlantic are reacting correctly to this defamation imo and it is very positive that trading has promptly resumed, MIIF has offered a strong rebuttal and the market has already recovered over half the sell-off.
The now heightened risk ahead though for holders is that a wounded Atlantic gets taken on the very cheap by either Piedmont (note their shares rose on the attack) or an opportunistic predator.
There is massive value to unlock....... Who will get that?
*Evidence is on Atlantic 's SIDE here AISI
Sneer at will.
https://www.zer0es.tv/big-announcements/corruption-in-african-lithium-mining/
As has to be said a million times DYOR.
Evidence is on Atlantic 's here AISI.
Blue Orca's attack on Piedmont is based around a supposition that Atlantic will not get its mining licence past the Ghanaian parliament, Piedmont will then have no spodumene supply for Tennessee and they will then lose the guv grant.
Tha claimed "corruption " is that Joy Transporters was owned by the son of a politician when acquired by Atlantic. However the 4/2/21 RNS notes "Completion of the acquisition was subject to regulatory and ministerial approvals which have now been received" and this was with the present parliament and president both in office then.
The father is Nketia, party NDC. the parliament is
"Party Representation
New Patriotic Party(NPP) - 137
National Democratic Congress (NDC) - 137
Independent Candidate(s) - 1
Total - 275"
NDC is in opposition but the speaker is NDC. The president is NPP.
We are condemned to live in interesting times!
There has been open season of late with short attacks on lithium stocks . Many have been sent to high valuations creating the vulnerability.
Only if there is a genuine corruption issue will this sp collapse here have any merit. Clarification needed urgently from co and Ghana.
Add if you are brave. Just a few at sub 21!! I have confidence they have not been that stupid.
This knocks out another myth: that the EV revolution is impossible on a planetary scale because there either is not enough lithium, or not enough at viable cost under free market conditions in states aligned with the Western democracies. (The copper shortage is more serious, but there may be solutions for that as well using graphene with aluminium).
The International Energy Agency estimates that demand for lithium will rise 20-fold by 2040 if we rely on existing battery technology. The Australians are the world’s biggest producers today. But the greatest long-term deposits are in the Lithium Triangle of Argentina, Bolivia, and Chile, which are in talks to create an OPEC-style lithium cartel. China’s Tianqui owns 22pc of the Chilean group SQM, the world’s second-biggest lithium miner.
A lithium recycling industry will mitigate the problem. In the end, lithium can be extracted from seawater. It is highly diluted at 180 parts per billion but research suggests that it could be isolated for as little as $5 a kilo. If so, the lithium scare is just another of a long list of seemingly insurmountable barriers that fall away with time. The march of clean-tech is littered with such false scares.
What the Argonne-IIF battery and other global breakthroughs show collectively is that energy science is moving so fast that what seemed impossible five years ago is already a discernible reality, and that we will be looking at a very different technological landscape before the end of this decade.
Germany and Italy last week succeeded in blocking EU’s plans for ban on petrol and diesel sales by 2035. They might just as well bark at the moon or command the waves to recede. Moore’s Law and the learning curve of new technology has already sealed the fate of the combustion engine – with or without net zero.
The legacy companies cannot save their sunk investment in fossil motors – unless the EU retreats into fortress protectionism, which would be economic suicide. To try would be to guarantee the total destruction of Europe’s car industry. The only hope of saving it is to go for broke on electrification before global rivals run away with the prize.
The coming battery technology kills the case for hydrogen in cars, vans, buses, or trucks, and perhaps also for trains and aircraft, whether it is “green” from wind and solar via electrolysis or “blue” from natural gas with carbon capture. The energy loss involved makes no sense. It is much cheaper and more efficient to electrify wherever possible.
Clean hydrogen is too valuable to squander. We need it to replace dirty hydrogen used in industry. We need it for fertilisers, green steel, container shipping, and long-term storage in saline aquifers to back up renewables during a windless Dunkelflaute. We do not need it for road transport.
My advice to corporate bosses and ministers: keep up with the world’s scientific literature, or you will be massacred"
Tnx to Mike the bike.
Extracts from The Telegraph’s Economic Intelligence newsletter:
"The Argonne National Laboratory in the US has essentially cracked the battery technology for electric vehicles, discovering a way to raise the future driving range of standard EVs to a thousand miles or more. It promises to do so cheaply without exhausting the global supply of critical minerals in the process.
The joint project with the Illinois Institute of Technology (IIT) has achieved a radical jump in the energy density of battery cells. The typical lithium-ion battery used in the car industry today stores about 200 watt-hours per kilo (Wh/kg). Their lab experiment has already reached 675 Wh/kg with a lithium-air variant.
This is a high enough density to power trucks, trains, and arguably mid-haul aircraft, long thought to be beyond the reach of electrification. The team believes it can reach 1,200 Wh/kg. If so, almost all global transport can be decarbonised more easily than we thought, and probably at a negative net cost compared to continuation of the hydrocarbon status quo.
The Argonne Laboratory in Chicago is not alone in pushing the boundaries of energy storage and EV technology. The specialist press reports eye-watering breakthroughs almost every month. America, Europe, China and Japan are all in a feverish global race for battery dominance – or survival – and hedge funds are swarming over the field.
I highlight this paper because US national labs have AAA credibility. The study is peer-reviewed and has just appeared in the research journal Science. Their solid-state battery has achieved the highest energy density yet seen anywhere in the world. And sometimes you have to pick on one to tell a larger story.
The science paper says the process can “theoretically deliver an energy density that is comparable to that of gasoline”, a remarkable thought that slays some stubborn shibboleths. It is not for today, but it is not for the remote future either. It typically takes five or so breakthroughs of this kind in battery technology to reach manufacturing."
More....
Rebound by 32% from January
https://cnevpost.com/2023/03/07/china-feb-retail-sales-passenger-nevs-438000-preliminary-cpca-data/
Turnaround for lithium to come month or so imo.
LFP will dominate ahead, sodium will not get large take up.
Sitting pretty for Atlantic.
https://twitter.com/LithiumIonBull
Looking at most recent EV sales coming out January 23 was no more than a down blip. Rapid EV transition has resumed with fastest growth moving west. Most predicting 13/14m for 23, 30/40% RoG. From that it is near certain Lithium will rapidly return to deficit. I expect SC6 to bottom above 4k and end the year back near the recent high level.
No-one can know, we will see. See an upside shock here far more likely than further decline though ahead.
DYOR.
GLHs