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Benchmark's Moore on Li pricing future, the EV adoption curve and would change in US POTUS change that? 10 years at it.
https://youtu.be/MxI5g2S0Oio?si=WoWu5km5LhKCCyjs
From same
"Later this month, Benchmark, a data and information provider, will start publishing a sustainable lithium price that tracks what automakers have been willing to pay for ESG-friendly supplies of the white metal.
Brazil's Sigma Lithium (SGML.V) has already begun selling its production at prices it says reflects its sustainability"
SIGMA just reported av $2488/t for their spod in q3 23.
"OS ANGELES, Nov 17 (Reuters) - Western lithium and graphite miners have started charging the electric vehicle (EV) supply chain higher prices for their material, meeting demand for environmentally-friendly and consistent supply that is not linked to China.
In presentations and interviews at this week's Benchmark critical minerals conference in Los Angeles, industry executives, consultants and investors touted the premium pricing model as a way to help prod development of non-Chinese supply, a goal of Washington, Brussels and other Western governments"
https://www.reuters.com/markets/commodities/western-lithium-graphite-miners-boost-prices-esg-friendly-supply-2023-11-17/
Https://www.modernghana.com/news/1273507/atlantic-lithium-bolsters-team-with-appointment.html
Patriot on spot spod
https://www.kitco.com/news/2023-11-15/-Quite-a-bit-of-noise-around-lithium-product-pricing-in-China-Patriot-Battery-Metals-CEO-Blair-Way.html
Aud 1.92 x 25p. 48c.
ASX:A11 51.5c.
" 'Assore ‘disappointed’ by Atlantic Lithium takeover rejection"
Writer, Alliance News
Wednesday, November 15, 2023 - 13:54
"Assore International Holdings Ltd, the major shareholder of Atlantic Lithium Ltd, on Wednesday said the latter missed out on an ‘attractive’ deal by rejecting its acquisition offers.
Atlantic Lithium, which has lithium exploration and development assets in Ghana and Ivory Coast, said on Wednesday morning that it had rejected two non-binding indicative takeover offers from Assore, a Johannesburg-based mining company.
Atlantic Lithium shares surged 21% on Wednesday morning after it disclosed the rejections. They were up 22% at 25.24 pence each that afternoon.
In both approaches, the first of which was in early October, Assore offered to pay A$0.63 or 33 pence per share in cash. However, Atlantic Lithium believed the proposed consideration ‘undervalued’ the company and its future potential.
Later on Wednesday, Assore responded that its offer ‘represented a highly compelling opportunity’ for all shareholders to ‘realise certainty of value’ on their stakes in Atlantic Lithium. It noted that the offer price represented a 54% premium on Atlantic’s closing price of A$0.41 or 21p per share on November 6.
‘Assore is disappointed that the committee has decided not to engage with [us] to facilitate its
shareholders receiving the benefits of the proposed offer,’ the firm commented. The offer, it added, would have ‘delivered an attractive price and the certainty of a fully funded cash offer from a party whose strong knowledge of the business, and industry, would have enabled speed and certainty of execution.’
Earlier on Wednesday, Atlantic noted the near-term producer status of its Ewoyaa project on the Cape Coast in southern Ghana, as well as a pending investment from the Ghanaian government’s Minerals Income Investment Fund. It also believed Assore’s offers did not account for ‘the positive near-term outlook for lithium project developers.’
In its response, Assore said it had ‘actively supported’ Atlantic Lithium’s work on Ewoyaa, and ‘in its establishment of a strong and mutually beneficial relationship’ with the Ghanaian government.
‘As Atlantic’s major shareholder Assore looks forward to the government of Ghana’s
continued good relationship with Atlantic and continued support for the development of Ewoyaa,’ Assore added "
Assore?........ Or is that toooo obvious? ;-))
Out in the open now.
25p!
Incapable of recognising that a) Assore may offer more, b) Atlantic is now very obviously on the table at >33p.
An opportunistic t/o now looks far more probable. I doubt IIs are selling for a quick 20%.
Rare data driven objectivity here
https://youtu.be/9kNIyTQ2jeM?si=c2pCSvdkcxpAIkkQ
"I think that our SP is suffering due to the general bad press surrounding lithium ion batteries.
I originally invested in lithium miners because I saw Li-on batteries as the future for smaller applications, including EV's. I have now changed my mind, due to the volatile nature of Li-on"
In promoting the as yet un-commercialised solid state (lithium metal) battery technology and saying Li-[i]on is 'volatile' I'm assuming you are thinking of the current media clamour to pin any vehecle fire on lithium batteries? The facts are very different from the perception.
https://www.autoinsuranceez.com/gas-vs-electric-car-fires/
Insurers will be very keen to know those facts as they will be paying out. As am I, particularly if there are stories potentially impacting an investment. Scare or fact?
With pure evs I have little concern that the take up will stall to any significant measure and that the media obsession is a mix of click bating and attempts at influencing from the ICE/oil lobby.
Https://piedmontlithium.com/piedmont-lithium-reports-third-quarter-2023-results/
"Over 900 Ghanaians to gain employment in Ewoyaa Lithium project"
https://www.ghanaweb.com/GhanaHomePage/business/Over-900-Ghanaians-to-gain-employment-in-Ewoyaa-Lithium-project-1875569
Klein picks up on Jonah concluding down stream in Ghana will take a very long time to happen. ~33m30 in.
https://youtu.be/qIiexsDb2Mw?si=N9KxEBZth0vYPluI
Also comment on Piedmont/Atlantic under valuation ito and the (long awaited) market turn as inventory expires and EV demand is not collapsing despite what media may report (or is that wish for?), but merely growing around 40% rather than last year's double that.
Be one an OEM or an 'umble PI this time of misery is THE time to buy..... if one can!... aisi.
Https://www.modernghana.com/news/1270941/lithium-how-ghana-leaders-have-ripped-their-peopl.html
Https://oilprice.com/Energy/Energy-General/US-Forges-First-Link-Of-Lithium-Supply-Chain-In-West-Africa.html
Here's an interesting quote
"Piedmont Lithium is also the second-largest shareholder of Australia-based Atlantic Lithium, which is leading the Ghana project. Both companies will take advantage of subsidies granted under the Inflation Reduction Act by the Biden administration"
Well, that would be nice.
Would need a bit of confirmation tho.
I suspect it's a few holders offloading having just seen the cash position (as of September end) and concluding there is a probability of a market raise dilution.
But have they grasped that MIIF put in their investment any day, Piedmont are paying half the exploration bills (balance owed 2m) and that just now Atlantic's cash burn is tiny?
Not that I see 35p any time soon.... unfortunately.
Atb.