Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
Not shuttering but cutting back by the largest.. and cheapest
https://www.afr.com/companies/mining/australia-s-best-lithium-mine-to-taper-production-in-boost-for-rivals-20240129-p5f0q4
Finding the balance
Https
https://www.investormeetcompany.com/atlan�c-lithium-limited/register-investor
Register
htps://www.investormeetcompany.com/atlan�c-lithium-limited/register-investor
Is that a strong hint that Build Your Dreams is very much in play as the partner?
Stage 1 complete
Assore was delisted from the JSE in 2020 and went private. There would be near zero opportunity for any Ghanaians to gain any part of Ewoyaa post an Assore t/o.
There would also be a large question as to whether Piedmont would continue with its election to proceed with Ewoyaa (though I think they should) . With that not only would Assore have to find some $150m (@ 33p) but also all the est $185m capex before they could gain any return.
They presently will get near 30% of the returns Atlantic offers with production at Ewoyaa with only an assumed minor further investment to contribute towards Atlantic's relatively small contribution to final capex. A $15 to $20m comparatively low risk path with decent return.
I will be surprised if Assore choose to move on Atlantic before a Piedmont FiD or indeed move at all.
Seewotappenz
Liontown now
https://www.afr.com/companies/mining/liontown-loan-yanked-amid-lithium-price-slump-20240122-p5ez33
ASX lithium copping it. The 'cure' progresses :-/
Talk of it but the market appears indifferent. SP same, vol same.
Perhaps they guess Assore won't move until Piedmont has done all the heavy lifting. At SC 1000 all players will be thinking very carefully about spending money. However Piedmont will have little value if they don't proceed with Ewoyaa/Tennessee, they can borrow easily today for that but if they don't get things moving they will wither unless SC goes pretty high again.
Later in this build Atlantic will have to be finding cash. If they struggle Assore's moment?
My pref: ALL remains independent.
We'll see.
Https://www.modernghana.com/news/1286298/ratification-of-the-ewoyaa-lithium-deal-by-hon.html
Quoting KP from the Q3
"Virtually all of our offtake tonnage will eventually be sold under long-term contracts announced earlier this year, but initial shipments are being made on the spot market."
Also I would expect they will want certainty (partner deal?) with Tennessee before or at least in conjunction with their FID with Ewoyaa. Tennessee 7 to 10x more money.
Https://www.ft.com/content/3c55d69b-6932-4255-ad79-daeced372129
A China take out of this large spod supplier will leave the West hunting. Little new supply will come on over the near term as only a few will get finance.
Calculate the ratio: unsecured capex to production volume. Non better than Atlantic.
Surely for any such to have an impact on this there would have to be sustained increased volume. I see none.
Though political risk is always present with Africa projects the moribund performance of Atlantic has to be mainly driven by the decimated concentrate price. But 'moribund' looks pretty good when compared to say PREM's 80% collapse over the last 9 months . Tied to China, based in Zimbabwe.... now THAT is political risk..... and aren't holders paying.
GL.
With the vote on this ratification there would have to be significant rebellion from the ruling side's mps for a vote to be lost. Presently comment on the deal is all about that Ghanaian mining needs to be nationalised. Opposition politicians are latching on to this trope, but I can't see governing ones doing so.
With BoD buying and building up the workforce I have trust they have a far better feel on how this is going.
And also looks as tho other projects in Aus might get delayed/shelved if this opinion pans out
https://www.japantimes.co.jp/commentary/2024/01/09/world/lithium/
The issue is being framed as being pure politics now it appears. But now domestically reporting looks to be quietening
https://morningstaronline.co.uk/article/ghanas-mineral-wealth-blessing-or-curse
Positive from those in power
https://african.business/2024/01/technology-information/preparing-ghana-for-the-fourth-industrial-revolution
Negative from those seeking it
https://www.myjoyonline.com/voting-for-mahama-on-dec-7-will-redeem-ghana-omane-boamah/
Business not put off going the established way by all the noise
https://bnnbreaking.com/world/ghana/caa-mining-to-list-on-londons-junior-aim-market-amid-2023-listing-drought/
They say the cure for low prices is.... low prices.
Core suspend mining at Finnis. Will more follow?
https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/metals/010524-australias-core-lithium-suspends-mining-operations-at-grants-open-pit
https://www.abc.net.au/news/2024-01-05/core-lithium-mine-darwin-nt-operations-suspended-job-cuts/103287454
All in costs are around 900/t of concentrate.
Perish the thought that any insider would have any knowledge of when that vote would be happening. No. Just a bit of savy buying on the dips. Who wouldn't? ;-)
The intense public lobbying from a few 'representatives of civil society ' that has appeared over the last two weeks suggested the vote, though not stated by guv as to when, was imminent.
This one just yesterday looks to make that perhaps more urgent for them. Vote soon then?
https://gna.org.gh/2023/12/parliament-must-slow-down-on-lithium-deal-ratification-former-chief-justice/
Https://www.adomonline.com/sefa-kayi-confronts-miracles-aboagye-over-lithium-deal/
Now if there were significant numbers of parliamentarians, in particular any from the ruling lot voicing anything on the deal......... but (unlike any typical day in UK politics) afaict silence.
All getting a bit toy and pram.