Member Info for Jarv55

Buys coming back in now

LS will be interesting to see what Clons recovery rates are https://lilacsolutions.com/2023/04/lilac-solutions-achieves-major-milestone-at-kachi-plant-marking-historic-advancement-in-lithium-industry/

https://www.linkedin.com/in/noel-ferrin-0083b2a/

Placing will have been forward sold

This is great news today nothing holding it back now.

Ria wish it was 80p lol

Looks like the unknowns are still placing shares being washed though

Will there be improvement on the December trading update in the results?

Personally think they should sell their stake in Sasaonof JV for cash and use that to fund The Lithium Greens are going to make it difficult in Aus.

antharry you are hilarious

19 May 2022

THG plc

("THG" or the "Company")

Statement regarding recent press speculation

The Board of THG notes the recent press speculation and confirms that it received a third unsolicited, highly preliminary and indicative non-binding proposal of 170 pence per share from Belerion Capital Group Limited ("Belerion"), together with King Street Capital Management, L.P. ("King Street") (collectively, the "Belerion Consortium") to acquire the entire issued and to be issued share capital of THG (the "Proposal").

The Board of THG considered the Proposal, together with its financial and legal advisers, and concluded that it significantly undervalued the Company and its future prospects, and accordingly unanimously rejected the Proposal.

There can be no certainty that any firm offer will be made, nor as to the terms of any such offer. A further announcement will be made if and when appropriate. So what part of the business are Apollo interested in?

More like a shake down for the shorts to close

Pashman not sure how they get that target who said that?

Antharry do you mean shares or £1s?

The net proceeds of the Placing will be used to advance Clontarf's lithium projects in Bolivia, and petroleum projects in Ghana, Australia, and elsewhere.



Clontarf Energy plc has advanced its discussions with the Bolivian and Ghanaian authorities in recent weeks, per the below update:



· The Company's September 2022 auger campaign on six priority medium-sized salt-lakes in Bolivia yielded lithium grades in all samples taken. Its recent near-surface sampling from auger samples included results of 1,420 mg/l at one target salt-lake, and 1,010 mg/l at another. The overall grade averaged 211 mg/l. Future drilling will identify the priority brine zones to be tapped, subject to all necessary permitting and applicable laws, and funding.



· Anticipated global market demand will be at least twice current global supplies, with tighter purity targets for the lithium-ion battery industries. The best way to deliver these volumes and qualities are via direct lithium extraction ("DLE") technologies, now under development by various companies.



· At the request of the Bolivian authorities in 2021, Clontarf Energy plc has sought out market leading technologies capable of delivering high purity lithium salts, with minimum deleterious impurities. After an exhaustive search, we are optimistic that one such ionic separation technology may provide a breakthrough in volume processing of the large-scale brines available in Bolivian salt-lakes. Accordingly, Clontarf Energy plc is finalising a Heads of Agreement with a potential DLE processing partner on establishing a Joint Venture to exploit all available brines in Bolivia, subject to, inter alia, necessary government approvals.



· If laboratory test-work and DLE processing succeeds, the Company plans, in partnership with its potential the DLE processing partner, for production of lithium from brines using one or more sources.



· This work followed an augering campaign, and encouraging chemical analysis on the areas of the targeted salt-lakes of highest priority.



· Further updates on Bolivian lithium, as well as Ghanaian and Australian projects will be issued, when appropriate.



Issue of Broker Warrants



In connection with the Placing, 97,500,000 warrants over 97,500,000 Ordinary Shares were issued to the brokers involved in the Placing. The warrants have a term of one year, and an exercise price of 0.065p.

There is rising market and investor interest in DLE, both in Bolivia and elsewhere, due to surging demand for battery-grade lithium salts, both in EVs, grid storage and other "Green Transition" requirements. If laboratory test-work results are satisfactory, we understand that Australian and other funding is available to build an on-site pilot plant to production test the Direct Lithium Extraction process.



Preparatory to this work, Clontarf recently conducted an augering campaign on priority areas of the targeted salt-lakes, subject as always to following strict environmental standards and obtaining the necessary approvals from the Bolivian authorities.



Anticipated lithium salts' demand will be impossible to serve without developing several Bolivian salt-lakes. We expect that the Bolivian Lithium Law will soon be updated to make clear the legal basis for Joint Ventures with the authorities. They then did the £1.3mill placing.

https://twitter.com/Jarvy55/status/1647911446406213632?s=20

Apollo assets under management: 512.8 billion USD (As of March 31, 2022)

Well last offer was £1.70 and that got rejected shorts are going to be closing here.

ZZIPPy its relevant to Ghana