The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Hi Swest, check out the spodumene auction yesterday where it sold for $1,300 hence why the price is still going up.
https://x.com/SharesChat/status/1772727069564182637?s=20
In short lepidolite is a short term solution that was needed to plug the supply deficit quickly. But it's less than ideal.
The processors would much prefer spodumene and I believe going forward it will continue to fetch premiums.
As you point out ALL is positioned well. If prices go up the company makes a killing. If they go down it survives, others shut up shop and gets a bigger slice of a growing market.
In terms of development I am very positive. Q2 is next week which is set to be newsflow rich.
Ghana listing sounds about done: Https://gna.org.gh/2024/03/atlantic-lithium-limited-in-the-process-of-being-listed-on-the-stock-exchange-gse/
Offtake and ALL remaining permitting to get over the line this new quarter.
Spod up + US$18 last night = + US$6.57MIL future revenue pa.
Great find. The listing will make a splash on their markets and so should see a few whales build a position.
As per the new interviews, Neil expects all permitting to be complete in Q2 which kicks off next week. Not just the ML ratification, but also EPA and whatever else as all has been done in tandem.
Spodu up a bit would add US$1.46MIL to revenue PA for ALL.
Just listened to all the interviews and I'm very excited. I've been holding ALL for 2 years. Not as long as others I know but to finally get to this point where all the key milestones are coming in a short space of time is going to be good.
Q2 is about to start after few more trading days and Neil says this will be news rich quarter.
-Offtake up to $100million
-Feldspar report
-Ghana listing
-the $28mil Miif investment
-ML ratification
-EPA Permit
-New resource update
That's a pretty ridiculous bunch of milestone developments on the way.
I'm hoping to snap up a big chunk of shares with the new ISA allowance so selfishly I hope the price doesn't motor yet. Up on the ASX overnight...
Some perspective how much value even small increases in the price of lithium will soon benefit Atlantic.
No need to short ALL, Assore could make an improved bid over 35p tomorrow and you'd get burnt.
The company could announce an offtake with BYD tomorrow and it would make the rounds across the lithium sector and then some.
Parliment final ratification could be any day now.
I could go on and on, such as the rising lithium price, increasing EV sales in China.
The company is cashed up, it has multiple funding partners etc...
I never short but there are far better targets out there. There are lithium companies on AIM with basically no cash or DFS.
Unable to even get a quote to buy even a measly 1million shares.
Let me buy some you crooked MMs!
I want to cry, I was going to add £5k today and now I can't buy anything. ;(
Spodumene up $15 that would be another $5.5m US revenue PA. :)
Other lithium indices all up.
Exceptional drill results the resource will be even more massive.
Lithium prices spot and futures up and big rally from the large Chinese chemical processors. Talks of a bigger supply shortage.
Time for me to add more ALL before the offtake RNS which must be very close.
Half-year report ready very well and highlights all the backing the project has, from Assore, Piedmont, to MiiF, to the Government of Ghana and we believe very soon another big fish with the final offtake.
The report also highlights the exceptional resource which has plenty of room to grow, world leading project economics and general progress made to breaking ground this year which is on track.
ALL feels refreshingly professional compared to 99% of AIM companies.
All the lithium indicies up and ALL up on ASX. Looking forward to the news trickling in
Might as well join in on the party at these prices
Lithium spot and futures up day after day. Spodumene going to $1100-1200 per tone it would appear...
Comfortable over 0.4 today then 0.5 in a week or so.
Wow the spodumene price will be back over $1000 in a flash. Tomorrow likely.
Brilliant presentation. Almost there now.
-ML ratification expected very soon
-Offtake process is going very well, a lot of interest, everyone focus on securing new supply for the future
-Assore HUGE fans of the project, made two proposals (as we know) at 33p now 20p, remains a very significantly involved group
-ALLs 40mil to come from the offtake, stage 2 partners chosen, wrapping up DD, non binding indiciative offers received. $70-100mil US prepayment for spodumene