This suggests that the fund have done their due diligence and fancy their chances of a decent roi through dividends. 30p per year for 10 years would do nicely
There is no way they would be relocating the power lines if they hadn’t already had the nod (informally). I believe the mining license is just a formality and work will be well underway in the by the time it is signed
Willing to bet that the timing of the news flow will not allow this to drop. This is all carefully thought out and planned. Nothing being done on a whim here!
Absolutely zero point selling the lithium now, we have the cash we have the expertise we have waited close to 6 years why not wait a little longer. Sit back and watch the asset grow Until the price is right.
You have to take a look at IRR. Great BOD, backed by big players directors with lots of (hard earned) skin in the game. Oh and did I mention the lithium and gold. 125% irr on the lithium project and growing
So we are looking for an additional 7mt to make this the £500m NPV that vince was banging on about what seems like 2 years ago. Of which it seems like they are confident of the whereabouts of 4.5mt of it from the images in the RNS. So just another 2.5mt to find!
Personally I think there is already a deal in principle agreed with the Ghanaian gov’t. Vince has repeatedly insisted that he really likes the stored energy space something that links back to early meetings with Ghanaian ministers and that links with there strategy of providing reliable power source across the country. Perhaps there’s already a deal for them to loan IRR the startup money in exchange for preferential rates on the lithium. I believe the team are just biding there time to increase the negotiating leverage they have with them according to the price of the lithium.