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Atlantic Lithium will not place or issue any new shares in connection to the GSE listing, nor will it impact its AIM and Sydney listings.
I take it we’re just hoping this greases the wheels and allows other procedures to take place ? Even when it lists in the next fortnight does anyone see a meaningful bump and if so why ?
I don’t think the consolidation will do too much to the price, you’re right though it’s a huge gamble. I do think it’ll continue to rise though. If and when the deal with chevron is signed we should get an increase, if and when there’s a deal for OFF3 there should be an increase, if anyone else finds oil in the region then that should of course be another increase in the price.
The risks are obviously an issue although the cash position is hopefully good enough and the board have vehemently denied that there’ll be one (all credibility lost if there’s another). As well as of course there could be no or only limited oil.
The risk and reward are both huge on this one.
Https://www.londonstockexchange.com/news-article/PNPL/corporate-update/16429335
Https://cegplc.com/wp-content/uploads/2024/03/CEG-Uruguay-Deck-March-2024-FINAL60.pdf
A deal in principle for a farm in with the world’s 7th largest oil company is fantastic news, even you can’t believe what you’re saying as you deny that. I like most would have liked more movement or a hold on the SP at an increased amount, it may well come when the deal is formalised, of course I wish I’d sold at 0.280 but I’d have bought back in without doubt.
Willec, just say about the volume and leave the rest of it, it’s pointless and turns the board into a mud slinging match which makes it hard to get through rather than being able to quickly see what’s actually happening with the company.