Member Info for GaiasKidney

Https://www.myjoyonline.com/bright-simons-abusing-truth-in-ghanas-lithium-deal-2/

（ ´,_ゝ`) ... Depressed, unsatisfied (based on indifferent)... Wiki

Yep. Just about covers it!

Regardless of all the hopes on what is 'fair' the harsh reality is on average hostile bids tend to get set at around 40% above the existing market valuation. The predator will go higher if there appears another suitor or it's a frothy market. Present miserable lithium conditions suggest neither are that likely in the near term.

I think both Ghana and Piedmont would prefer Assore to remain as a supporter in the

background until at or at least near production....... Against the trend here I certainly do.

'Fair' will return with a decent rerate for lithium. Six months? As for 80 to 150? A fair wind..... and the vote.....and FID.... and Atlantic getting the balance banked..... and, oh, the build started. That should do it. Until then and as with near all project that nasty Lasond curve just gets in the way.

Patience required ar grab the (hoped for) 40%?

Just my (oldgit) view. ;-/

ATB.

Https://www.metal.com/Lithium

Https://cnevpost.com/2024/01/30/china-ev-insurance-registrations-week-ending-jan-28/

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/