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@EarEyeAm agreed

I think the most we can 100% say is that the offer had to be reasonably above Assores. otherwise it is a waste of time, and risks reputations and possible legal issues.

Yeah bar here I have kinda given up on the Uk markets, hopefully asx leads the way. Maybe just me on the UK vibe

Well curious to see where we finish up today, as not much movement here. Is this just AIM being AIM? As I expected a better rise, in the back of the offer. Thoughts?

@jackb14 unless they want to keep the door open for a further offer

Yip, but fair value is above 50 so it had to be in the 40s to be serious enough!

This offer had to be significantly higher than the 30-33p to bring them to the table for exclusive discussions. My guess 39-45 range. Interesting times.

Awwh you have to Love this company what a rollercoaster, the gift that keeps giving!

GLA

Ball park below, in the middle of making some bifana 😋, hopefully that clarifies a little.

MONTHLY REVENUE SUMMARY

----------------------------

ITEM | VOL (t) | PRICE | TOTAL ($M)

----------------------------

Spod-P | 14,583 | $1,200 | $17.50

Spod-M | 14,583 | $2,000 | $29.17

Feldspar | 32,600 | $186 | $6.06

----------------------------

TOTAL | 61,766 | -- | $52.73

----------------------------

KEY:

Spod-P: Spodumene (Piedmont Share)

Spod-M: Spodumene (Market Share)

VOL (t): Tonnes per Month

TOTAL ($M): Millions of USD

Piedmont/elevera contract would roughly (based upon previous contacts/ranges at the time) have a ceiling of 1,200 a ton.

Was being a little flippant! It’s about 60 million dollars revenue per month @ 2000 a ton. So roughly 3 months revenue to get the current market cap.

Not so flippant on elevera paying all the costs per ton, as the Piedmont contract I would roughly have a ceiling of 1,200 a ton.

Go check it out

Jack. I ain’t even drinking 😝, the figures are just blowout stuff even after the royalty changes, check them.

We have had the delay pains, or the it’s African thing.

However it doesn’t seem that the SP or U.K. market have recovered from that hangover ( maybe in OZ. It has kicked in, or is, let’s see).

It’s one month on full production, crazy! 🤪

On 182,500 tons @ 2000, that’s 365 million (263.3 million pounds).

If elevera take off take 50 percent.

They pay and cover the running costs effectively.

You lost me on that one, what about a jigsaw shops? 😝

I was eluding to the payback period and IRR, so in context payback 19 months, IRR 105%. In comparison tech companies are like 30%! 105 percent on the IRR basically makes this one of the best, if not best Lithium investment on the globe, it is blowout material!

It’s all market cap as per the norm, last offer equates to about 30p, this supports broker targets being slightly higher.

However looking at this a different way wr are weeks away from ratification, and circa 180 million dollars funding for the mine. Which is more than the market cap in gbp currently alone.

Well if they get this over the line, in the timeline agreed then, then my frustrations will be pointed at the minority for being 🤡s

… sins..

And all suns would be forgiven for management if they did.

If the company announces that they have an off take partner either on ratification or near ratification, or both companies do them this moves a lot higher. Really down to the news flow/sequence. However on the same day and this would de-risk across the board, a lot faster than brokers could respond.