Member Info for GaiasKidney

"Plug-in electric car registrations in the UK – August 2023

BEVs: 17,243 (up 72%) and 20.1% market share"

https://insideevs.com/news/685276/uk-plugin-car-sales-august2023/

Await US & EU figures then all combined to give world figure for August. Sept UK looking to be a record breaker.

Most markets now well past the take up tipping point where EV buying only accelerates.

The lithium supply imperative only becomes more pronounced.

Interesting that 3 mincom executives have gone out to Perth. Long way to go just for a chat with a team that they see on home turf regularly....Perhaps there is something they plan to reveal and want the significant publicity they would get at such a highly attended forum?

We'll see.

NH & KM will be speaking ahead.

The co should resist anything above 5%/30m shares imo.

Needs to be got out of the way.

Https://www.proactiveinvestors.co.uk/companies/news/1025183/piedmont-lithium-to-share-its-strong-progress-as-it-nears-inaugural-lithium-concentrate-shipment-1025183.html

With lithium demand is EVs' high growth in US being eclipsed now by battery storage?

https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/electric-power/082523-us-battery-storage-capacity-tops-125-gw-in-q2-35-gw-planned-in-q3

https://ieefa.org/resources/coal-closures-battery-storage-solar-generation-energy-transition-everywhere

https://reneweconomy.com.au/rapid-us-coal-exit-has-lessons-for-australia-as-it-faces-down-fossil-lobby-once-again/

Pressure builds. Sign off needed.

Morning. Gradually looking up prior to news.

Lest there be any doubt (it doesn't surprise that some don't/won't read rns's... but WTT? ;-) ....) , it is categorical that the co has fully covered the exercise cost of converting these options for Len held by Melisa with a company loan under the esop scheme.

https://www.marketindex.com.au/asx/a11

"Application for quotation of securities "

Yes. ESOP options that were to expire.

The 900k has been borrowed from the co.

Both LK & AH (march) have shares issued and now debts owed to the co via ESOP. Potential rewards are great but as are the risks to them. If Atlantic fail with Ewoyaa the co will be under huge pressure to find cash and call in debts, but in that circumstance the share would also have lost value.

It gives me assurance with the mine as I see them as competent not greedy fools.

Https://www.mining.com/momentum-builds-for-piedmont-lithiums-ambitious-production-plans-as-portfolio-expands-in-africa/

It certainly will.... However the volume of media reports on an announcement (I've spotted around 20 on this one) can give those interested an idea on how much following of this project is out there. Media are primarily interested in how many views something about a given co gets as views lead to money for them. If they see reporting on Atlantic is little followed they will stop.

That they see (and so we can also infer that) this project is being more followed and well followed it seems obvious to conclude that when a genuinely important positive price sensitive and risk reducing announcement comes along, where there is presently significant market uncertainty, there will then in high liklihood be a large scale and fast pile on to this share.

I can think of one incoming.

Who's ready then?

A good demonstration that Piedmont have as much confidence as Atlantic does that Ewoyaa will go ahead. Piedmont not proceeding with completion of Stage 2 would have been disastrous for ALL holders.

However I would not expect much from today's news re the sp as both cos and their holders are still left with an uncertainty with Ghana and the licencing. AISI the ML remains the kicker.

Onward.

Yes, doesn't that confidence contrast rather starkly with the notion now doing the rounds from some that there will be no ML progress for Ewoyaa until the Ghanaian parliament has had a good old year end chinwag (or next year, or next decade!) about the new minerals policy.

Guess we'll see who's right soon enough.

Https://www.voxmarkets.co.uk/articles/neil-herbert-of-atlantic-lithium-mou-to-assess-the-viability-of-feldspar-production-could-be-significant-5bfb2b1/

Https://www.raretriples.com.au/

Could be interesting, not signed up mesen.

With Tennessee now licenced there is a building expectation (RKE vid 54m.30) that Piedmont will form a JV to help finance the approx 800m hydroxide plant. However with that being dependent on Ewoyaa, the plan, will a partner wait for ML clarity or instead move regardless?

A JV pre ML will be a strong signal imo that they know and the mining/refining of this ~1mt of LCE is in the bag. In country meeting just ended?

Https://youtu.be/32Tq3RpldZA

From the coalface

"Major lithium producers eye price recovery as buyers expected to restock soon

US-headquartered lithium producers Albemarle and Livent are expecting lithium spot prices to recover from the weakness seen in recent months, because they foresee a brighter demand picture for the remainder of the year....

Albemarle has raised its revenue outlook for 2023, partially due to expectations of improving lithium prices.

“Customers are returning to the spot market after destocking to unsustainably low levels of inventory against the backdrop of growing demand, with lithium inventories decreasing in the supply chain over the last few months,” Albemarle chairman and chief executive officer Kent Masters said during a company earnings call in early August.

“Global lithium supply demand remains relatively balanced, driven by increased electric vehicles demand as well as challenges in bringing on new projects,” Masters added.

Albemarle now expects its annual revenue to total $10.4 billion to $11.5 billion in 2023"

https://www.fastmarkets.com/insights/major-lithium-producers-eye-price-recovery

See what develops.

And with a few days to think about it rather than nkeejerk responses it looks like the market is deciding to agree with the assessment offered .

Glad I added

GLA

Fake news right wing mouth piece for Turkey's Erdoğan.

Gain entry?

The low was printed 2 days back. Obviously not particularly skilled then ;-))

Https://www.mining.com/web/lithium-deals-cast-doubt-on-australias-onshore-refining-dream/