Member Info for GaiasKidney

"Ghextractives.com is learning Ghana’s Ministry of Lands and Natural Resources will on Thursday (19 October) sign a lease agreement with Atlantic Lithium.

The signing will be graced by top officials from Atlantic Lithium as well as government officials including the Minister of Lands and Natural Resources Samuel Abu Jinapor"

Letsbeavinitthen! :-)

If you look really closely you can just see a movment!

http://www.dailymetalprice.com/metalpricecharts.php?c=li&u=kg&d=240

Low was 22.8

Paint drying while we wait.

Of value all round to max it out with a bit of a show.

Buying just... noted.

Bring it on!

Good spot Teddy. May well follow on and surge say 50% in short order. Restock had to happen.

For the co and Ghana the ML is a big deal. When it comes I would expect an in hours ceremonial announcement with big wigs, desks, papers and pens on show.......and an RNS!

And up we go.

Lunch break? ;-))

!

Watch for 11.10.22 licence change from 'validation' to 'active'

https://miningrepository.mincom.gov.gh/owner/64493

Https://twitter.com/AtlanticLithium/status/1711345342892114362

Https://www.marketindex.com.au/news/short-selling-the-most-shorted-and-targetting-stocks-on-the-asx-week-40

Impact looks to be spilling out indiscriminately. Will just have to knuckle down until carbonate turns. Sure to soon by my reckon.

http://www.dailymetalprice.com/metalpricecharts.php?c=li&u=kg&d=240

:-/

Oh no!! There's no funding!!! There's a massive placing coming I tell ya!!!! This'll be sub 5p by Friday!!!!!

Or perhaps....... that's Dumbthinking.

Ref

https://www.news24.com/fin24/climate_future/massive-shift-ahead-for-mining-in-africa-as-bans-on-unprocessed-mineral-exports-surge-20230930

The relevant sentence that shows how irrelevant this (hardly even deserving the title of a) proposal is to Atlantic's now rapid progress, re:

"CAA Mining's CEO expects the facility to open in 2026, according to Africa Mining Market with the establishment of the refinery linked to a license to explore for further lithium deposits"

not only tells anyone with the most basic analytical sense that it comes from an operator of micro size that has done nothing on the ground, but also that they have no grasp of reality if they think that ANY co at their stage of not having even pegged anything out can come up with delivering lithium concentrate at economic scale in 3 years.

It's tosh, it smells highly dubious. So who would take it seriously?

Something in the air?

Https://youtu.be/omIKGLlBjOg?si=NxDiUeNdJKP3MHBr

Https://cleantechnica.com/2023/09/22/electric-vehicle-sales-in-us-hit-the-accelerator-pedal/

https://www.electrive.com/2023/09/12/chinas-nev-sales-hit-new-high-in-august/

https://insideevs.com/news/687160/germany-electric-car-sales-august2023/

Be ready for the inevitable turn coming here:

http://www.dailymetalprice.com/metalpricecharts.php?c=li&u=kg&d=240

The mood will change with it.

Last month tho

https://www.innovationnewsnetwork.com/how-atlantic-lithium-is-perfectly-positioned-to-meet-surging-lithium-demand/36966/

Https://youtu.be/FRYl9VXNvyw?si=drVY84sTpE6Ef2O8

Second wave buying now. It's taken a while for the significance of this to sink in it seems.... and they had all day in Aus. Slow witted? Africa prejudice? 3.5% by end, really? 27% up here!

;-)

Project risk has been significantly reduced today with this deal. Highly positive. The signs were there with MIIF tuning up in Perth.

The $5m share investment at 21p values Atlantic at $165m, however the much larger $27.9m investment in Ewoyaa for a 6% stake now effectively values the project $465m, some 2.8x Atlantic. What remains unknown FMU is whether this investment counts towards the previously flagged expected 10% Ghanaian take up of a stake Ewoyaa or will that be on top of this?

With finding the some probable $30m remaining cash requirements for the project I expect a significant part to come from the up coming offtake deal/s (end rns) where hopefully there will be an element of forward payment/s.

AISI there is no logic now that says this mine won't go ahead because of sovereign decisions.

ALL looking good.

Https://www.asx.com.au/markets/company/A11

Useful production comparison chart