Member Info for Horult

JSE RNS dai in case you missed it sneaky intraday

sounds encouraging and fixable fairly quickly?

I'm sure it will be fine

the cat will be back tomorrow as it likes a bit of kod on chippy friday

I wish rob maths were correct as it would mean that we are all 10X wealthier than we thought we were😁

the SP is 5p right now!!!!amazing

Well never possible to get perfect timing . I have been thinking of it all morning as I wanted to be back in before weekend. I was lucky it just happened to dip a bit further before I bought!

but additional shares at no extra cost is a win, even if it was only 1 more :)

Just bought back in at @9.10

may dip a bit further today but expecting fomo tomorrow so wont be here for long imho

so that is 5% extra 'free' shares to add to my leave in for results pot

I might, dependant on when funds get freed up

there is no sign yet that they have started issuing licenses so think I have a couple of months yet but I am tempted to average down

I did also have 20p as a fantastic buy in price to be honest and was wondering if it would reach that

so when it did I bought in

and then averaged down a bit more yesterday

It has been on a long term slow downward trend for over a year now

and after each of the sudden unexpected dips - it tend to not recover fully to the price before the dip

so unfortunately I have a hunch we will not see 20p again....

....not till we get that licence of course then it is game on!

hopefully not much longer now with Ghana ministers looking to be making progress

I had in my mind sept/oct which would be 3/4 month after the DFS completed

imho

Correct it could be anytime and I won't be scrambling I have been in for 3 years

but I still feel that today is a spike

I personally think it is just spiking on the Mali mining code news

I still think we are a few weeks away yet from getting finalised.

So I think we will linger and drift a bit more after todays spike

I hope I am wrong of course but like to prepare for the worst and hope for the best😂

Mali has now approved a new mining code on Tuesday

hopefully things will start moving now for Mali mining companies

Kodal has had delays in the restructure of it's company and transfer of mining licence, maybe will now get sorted soon

leo lithium ( listed in australia) has been temporarily suspended for the last 3 weeks waiting on news, so will be interesting to see if that gets relisted now, as good indicator for rest of Mali miners

Cora gold which I am 60% underwater with, was all going well until Mali stopped issuing new mining licences - this may get signs of life soon now. May just fly if Mali issue them a licence. They have already completed a DFS and recently organised a $70mill loan to progress Sanankoro Gold Project - they just need that licence!

Https://www.reuters.com/world/africa/mali-adopts-new-mining-code-boost-sectors-contribution-gdp-mines-ministry-2023-08-08/?taid=64d2a82fc01d0e0001ac3bf9&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter

now new mining code is in place, maybe just maybe they will start issuing new licences soon....🤞

Interesting theories coming out about from skittish

lets hope they are true lol

Agm/egm etc get an RNS as soon as possible after the meeting. It being a saturday it will not come that day but will certainly be released before market opens on monday

the grapevine will be all over LSE on saturday anyway

I can not see this vote making much difference to the SP

it is what else may be released around this time which will affect it more and in my mind there will be RNS before the saturday meeting anyway - or at least you would have thought so, you would have thought GR would want some good news out to help the voting go his way

I think somebody took the red pill....

Just a hunch :-)

I figured it would take 3-6 month after the DFS

but seeing as this is the first lithium mine in Ghana and the current EV evolution I was thinking they would want to get it on track asap so it may be on the faster side

DFS was June - 3 month september

it could then drop 'anytime' randomly after that imho, so just wanted to be in on time

The hunch I was meaning is that it is my hunch the ML will come in september - which is why I wanted into ALL before then

Neil Herbert saying he thinks it will come this quarter ties in with what I was thinking

Neil Herbert still see's no reason why they will not get ML this quarter

my september hunch still seems on track

https://www.voxmarkets.co.uk/articles/neil-herbert-of-atlantic-lithium-discusses-the-recent-media-speculation-their-high-grade-drilling-results-d19da44/

The interviews certainly indicate news soon, it could really be anytime!

but just feel that this week is a little too early

but I do not wanna be out next week for sure and I do plan on buying in before the weekend!

🤷‍♂️

The ministers did state that they will negotiate on a case by case basis

neither the ministers nor ALL have given actually stated figures for royalties etc, just that it will be more than what they currently use for gold

As this is to be the first lithium mine in Ghana, I just see this as part of the negotiations with ALL and we will actually be setting the benchmark for all future deals, I do not personally see any delays nor downside to be honest. This is all new for Ghana. Mali and Zimbabwe are also moving away from exports of ores, keeping additional revenue and jobs within the country, I do not think that is a bad thing.

After the DFS came, I had in my mind september/october for the ML and I do not see anything recently that has swayed my mind away from that timeframe.