Member Info for GaiasKidney

https://soundcloud.com/user-596578261

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

Ah yes, Mr Mark P Mills.

https://arstechnica.com/science/2021/03/is-there-a-shift-from-disbelieving-climate-change-to-attacking-renewables/

https://blog.ucsusa.org/elliott-negin/exxonmobil-still-bankrolling-climate-deniers/

https://www.climateofdenial.org/track-climate-change-denial/manhattan-institute/

He is mostly right about the minerals though

https://issues.org/environmental-economic-costs-minerals-solar-wind-batteries-mills/

But regardless the decarbonising of energy is happening and will continue across the globe because it has to

https://www.nature.com/articles/s41467-019-12808-z

Cheery sort me!

Not p34, but p35/36

On the Ewoyaa deal and progress, p34

"We currently estimate our total funding requirement to be approximately $98 million through late 2024 or 2025. Our funding requirement in the Ewoyaa project is split between two phases:

• Phase 1—We have the ability to acquire a 22.5% equity interest in Atlantic Lithium Ghana by funding our share of
exploration, evaluation and technical study expenditures currently estimated to be $19 million and, making the election to
proceed with Phase 2. We have a cost sharing arrangement with Atlantic Lithium whereby we will pay all costs up to $17.0
million. We will share equally with Atlantic Lithium and costs savings below $17.0 million and any cost overruns above
$17.0 million. In the event we do not fully fund our required amount for Phase 1 and make the election to proceed with Phase 2, we will forfeit all cash advances paid to date and lose our ability to acquire a 22.5% equity interest in Atlantic Lithium Ghana.

• Phase 2—We have ability to acquire an additional 27.5% equity interest in Atlantic Lithium Ghana by funding our share of
development expenditures, currently estimated to be $98 million. We will share equally with Atlantic Lithium any cost
savings below $70.0 million and any cost overruns above $70.0 million. In the event we do not fully fund our required
amount for Phase 2, we will forfeit all cash advances paid to date for Phase 1 and Phase 2 and all equity interests in Atlantic
Lithium Ghana.As of December 31, 2022, cash payments to Atlantic Lithium for Phase 1 of the Ewoyaa project totaled $17.0 million and are reported as “Non-current assets” in the consolidated balance sheets (See Note 5—Other Assets).

Pricing for the offtake supply of spodumene concentrate will be at market rates at the time of purchase. Under the offtake agreement, spodumene concentrate is priced on a CIF, China market price basis less ocean freight and insurance on a net back basis to free on-board vessel (Incoterms 2020) at the Port of Takoradi, Ghana."

https://www2.asx.com.au/markets/company/pll

Detail on expenditures by Peidmont so far and more precisely what the SC6 pricing mechanism is.

https://twitter.com/alex93461292

Pretty sure is the first global Li map I've seen showing Ghana reserves - Ewoyaa reserves!

9B

Could be they have their eye on CAA Ghana re

https://www.lse.co.uk/ShareChat.asp?ShareTicker=ALL&share=Atlantic-Lith&thread=DA1D9C47-8575-4496-BBAF-8F11BBAC2326

If there is something worth having there then consolidating local lithium makes sense as would a head start on a future build out of down stream production.

For post Ewoyaa build and selling IMO. There will be significant cash flow available.

Eyes on the long game for me.

ATB.

Thinking Pilbara may go shopping. Stunning results, wall of cash.

Reckon there will be a fair few II position builders trying to quietly add at these present discounted prices.

Impatient to patient.

https://sprott.com/insights/sprott-energy-transition-materials-monthly-critical-materials-start-2023-with-a-bang/

"....spod auction by a well known miner was last minute pulled"

Well PLS's alternative-to-auction spot sale has just given the PRC narrative that the power has gone to the buyers and that prices are to pan, a severe kick in the kronks!

https://twitter.com/globallithium

https://www2.asx.com.au/markets/company/pls

Nice rebound and some here.

"View from Vox
What this suggests for Atlantic is a nod by the Ghana government that the country is fully onboard with its activities and invested in Ewoyaa's outcome, as well as other potential lithium assets in the country. With government support behind it in the form of a $30m equity stake, Ewoyaa will be derisked further, assuming the deal goes through.

MIIF aims for an IRR of 125% in 4 years and projected revenue of more than US$1.5bn over 8 years from its direct equity investment in Atlantic. MIIF is also making investments in Ghana's salt and gold resources, seeking to become Africa's biggest sovereign minerals fund.

MIIF also wants to develop Ghana's commodity markets to support its lithium and EV ambitions. To this end, Atlantic will list on the Ghana Stock Exchange, giving a chance for local investors to buy into Ewoyaa.

The next step for Ewoyaa is a definitive feasibility study (DFS) targeted for Q2 2023, to evaluate an extended mine life and increased throughout, to further enhance the project's economics. Given the projected deficit in lithium supply, and Atlantic's string [sic] funding position, this is one to watch"

Interesting figures. Revenue? So quick ***packet: say MIIF gains a 10% holding, Atlantic holds half of Ewoyaa. Total 30bn over 8 years! 2mt of spod sold..... umm. Would be nice though ;-)

https://www.**********.co.uk/articles/atlantic-lithium-confirms-ongoing-negotiations-for-us-30m-investment-by-ghana-sovereign-fund-403abc9/

SGML up 21% in after hours on that report.

For US, Japan/Korea and EU incumbent OEMs that will take out a large chunk of future Li supply for all those giga plants being thrown up. Question for them is: continue to rely on China hydroxide/cathode when they know that China will instead now prefer to take their market share selling the west competing EVs....... or panic?

Hotting up.

This theme now panning out has been well predicted and is now set, don't be distracted.

Is general across lithium. I suspect driven by unconfirmed report on smm, that I can't find now, saying a spod auction by a well known miner was last minute pulled, price declining.

Arc's Ms Wood predicted price collapse also well followed despite the lamentable comprehension of economic elasticity re getting new mining output.

Just chaff.

Onward.

GLHs

Full on drivel being written here now.

And India suddenly has the second largest lithium reserve on the planet!!

Yeurrrp.

https://www.globallithium.net/articles

Tnx 9B

Full

https://www.businesswire.com/news/home/20230216005283/en/Piedmont-Lithium-and-LG-Chem-Sign-Equity-Investment-and-Binding-Offtake-Agreements

https://www.brrmedia.co.uk/broadcasts-embed/63e376bc0045032641b4a367/

https://www.brrmedia.co.uk/broadcasts/63dd28f752611c376881fec1/atlantic-lithium-video-update-from-cape-town-2023/

I would argue the opposite there PorP.

How the MIIF's buy in here is to be done is not yet known, markets never like such uncertainty.

How much invested? What proportion new issue, any taken via the market? What price the new issue, how much dilution?

Result is potential buyers sit on their hands, there will always be a few sellers around, so price will drift until the news...... Which hopefully will be soon.

ATB.