Member Info for L0ngterm

Whomever made an offer in February didn’t see Assore as an obstacle, hence deeper pockets I guess.

And Chen Jinge who is heading it up, and wouldn’t it be lovely he got his 1st deal by May/june

Strategic Significance

Chen’s "One in Five Rings" model for mining engineering was applied to these projects to speed up construction timelines (often ahead of schedule) and reduce costs compared to Western-led projects

. His legacy at Zijin is defined by targeting high-resource assets in regions others considered "problematic," a strategy he now brings to

Let me clear my throat! Ahem and introduce CATL and 4 billion!

The investment arm, with a registered capital of 30 billion yuan (approximately $4.4 billion), will “integrate existing mining assets, pursue high-quality mineral projects at home and abroad, and safeguard supply of raw materials for the company’s core business,

https://www.mining.com/catl-earmarks-for-4-4b-new-critical-minerals-mining-arm/?utm_source=dlvr.it&utm_medium=twitter

Nah, won’t happen we have a bigger competitor in the pitch. They lost their chance! May take a bit longer but nah.

@JackB14 well it closed above!

Well maybe, and I say maybe the last chance to get in at this price, hopefully break out, and back to 18-20

Are we sitting right on the breakout point now? Should be fun at least, let’s see.

On takeovers (and this is AI mind you)

Lithium deals tend to be at 60-100 percent of the share price.

They need this at 30p, for a host of reasons including selling, funding (warrants), offtake (reduce dilution if deal goes that way), not paying money back to Longstate etc.

To me it’s sell it drill Cotes.

Cotes geography is the same as Ewooya.

Ewooya was 2km then went to 4/5km 36-38 million.

Cotes is what 5km long, if cotes holds through drilling like Ewooya then potential to double or match reserves.

@ceejay101 due to how the deal has been constructed. They lend the company money for shares and warrants upon completion. Simplistic description see below. It’s a tad more complicated.

They Lend x, for x shares and warrants.

To recoup the money they lend they sell the shares.

Measured over 80 days window.

They sell above a price and they profit more, they share profit with the company.

They sell under a price the company needs to give them money.

They get their warrants anyway, and can sell these at a higher or whatever price they want to afterwards.

Noting each time they have done this 80 day deal, I believe they have closed it early.

The share price has moved above on average the agreed price so ALL has had some benefit (others may have tracked more closely)

The lending deal is Caveated with benchmark prices, profit/loss sharing and they can’t crash the share price.

So they will do off book deals (possible), Algo trading to reduce over 80 days window or less etc.

And Assore, to step in or keep buying to get back to their 30 percent. I reckon they have a fortnight or less to step up (if not already)

Well we need Longstate out, and update from the company with a view on timelines and progress.

You did ask :-)

Logistics & Infrastructure: Ghana Solo Licence

Road Access: The licences are situated adjacent to the N1 Accra-Takoradi highway, a major sealed bitumen road that connects the capital to the key deep-sea port at Takoradi

Power: Both sites are crossed by operational high-voltage transmission lines, providing direct potential for grid-connected power for future mining operations

Cotes has a train line running through the licenses, that runs to the port and is similar for power as Ewooya and above.

Just revisiting the elevra and Atlantic JV and what the JV owns vs Atlantic.

I don’t appreciate the scale at times, but it’s very interesting. This actually makes MIF a stronger partner for us (exploration).

Atlantic Lithium's portfolio extends far beyond the 42.6 km² Ewoyaa mining lease. Outside of that specific joint venture with Elevra Lithium, Atlantic holds a massive 1,237 km² of under-explored land that it owns.

The Ghana Portfolio we own not the JV is (~466 km²)

While Elevra is the partner for the flagship Ewoyaa mine, Atlantic holds an additional 509 km² of total tenure in Ghana

. Excluding the Ewoyaa lease, this leaves roughly 466 km² of exploration land held through its wholly-owned subsidiary, Green Metals Resources Limited (GMR).

Bewadze Licence (6.93 km²): Located along strike from the historic Egyasimanku Hill spodumene occurrence

Senya Beraku Licence (82.11 km²): A large, previously unexplored area where Atlantic has already begun soil sampling and mapping as of mid-2024.

.

Mankessim & Saltpond: Wider holdings in the Cape Coast Lithium Portfolio that offer significant potential for "satellite" deposits.

And 700km on Cotes that sits across the same geogrpahu as Ewooya does.

Nah they just bought some more before in the last hour.

Sorry Longstate! Duh!

I think lithium is going to pop higher!

@TeddyKGB Yip think Assore still have another 2 weeks of selling here

…

Now ask me:

Do I think it was a pre-emtive strategic play, to gain full due diligence prior to ratification, so that a company could swiftly decide on where, when and how much to take us out at after ratification? Or not?

I believe any offer had to be higher, for a couple of reasons.

1) assores holding, they aren’t going to vote a takeover in below their offer and any buyer would take that into consideration.

2) they would have done due diligence and be aware of the rat incoming.

3) they would be aware that a lower ball offer or less would of been voted down.

4) to get it past the board and not be a total waste of time it would have to have been higher.

5) the LI price, is higher than previous offers and board would be in a sticky wicket. Any buyer would know this.

6) the reserves and economics have changed to be even more favourable, MRE increase and the shallow findings, dog leg etc.