Member Info for lcwanderer

There is no confidence that this shower can see the sale through without a problem, never mind any confidence that they might attract a better bid.

Has there ever been a company exec who popped up as often as Herbert did telling the world what a great investment this was, only to vanish without trace for the last two years.

No explanation... nothing but silence.

And whatever happened to the value in Ricca?

Remember their names and never invest in a company they have anything to do with again.

The way this proposed sale has been orchestrated stinks.

Interesting FT article today headlined ... "UK’s out-of-town retail parks ‘effectively full’

"The pinch is likely to extend the bullish run for retail parks as investments, after the subsector outperformed other UK commercial real estate investments in the past four years, according to data provider MSCI."

https://www.ft.com/content/490d94d6-0511-4f0c-bf1a-b2c85099999f?syn-25a6b1a6=1

"developments...years in the making"

That's for sure.

The 2026 dividend is 6.7p (3.1 + 3.6)

Yep, constant promises of jam tomorrow but tomorrow never comes. I've also been in this one for years and have no intention of selling, but it's been a never-ending leap of faith and a thankless task so far.

Yes, Eeyore also used a lot of words whan he contemptuously dissed anyone who suggested the offer price might turn out to be lower than 33p. Self-opinionated clowns with little actual knowledge are best put on filter.

A counter bid isn't the only possibility to achieve a higher price. If the current bidder suspects they won't get the required percentage when it comes to the vote, a sweetener of an extra few pence might see them over the line.

Still nothing like the value we expected though. You really get the impression this is a stitch-up.

A lot of the wishful thinking posted here over the last 24 hours reminds me of the Solgold message-board in the weeks following the low-ball Chinese "scheme of arrangement" that was foisted on private investors over there.

Result - The Chinese low-ball offer went through unopposed.

I'm not enjoying the sense of deja vu. Maybe we get luckier here.

Given that the next stage of this "scheme" doesn't happen until late October (almost 6 months from now), do we assume nothing operational will be happening at Ewoyaa in the meantime. Is everything now basically on hold?

And why the long delay until the publication of the Scheme booklet "including reasons for the unanimous recommendation of Atlantic Lithium's Directors and an independent expert's report providing an assessment?"

the board spent years telling us how straightforward and relatively inexpensive it was to bring this project to production in a mining friendly country.

now it's "risky" and costly with jurisdictional concerns.

bull**** brought to you by the same people who squandered the value in your ricca shares. you can be sure, they'll do very nicely out of any deal.

Hugely disappointing.

Just like what happened to Solgold as many of us predicted could happen, and nothing like what EarEyeAm has been pompously waffling on about for months.

I'm guessing that after loudly promising ratification was imminent and then waiting almost two years for it, Neil and crew have decided to under-promise and over-deliver in future.

I'm pretty sure patience will be rewarded here.

It is quite surprising that we've heard nothing further from the company in the four weeks since ratification.

There are various plausible theories as to why this is, but whatever the reason, I think it's a good bet that we hear something next week.

Being a glutton for punishment, I topped up here this morning in the hope that something concrete is finally delivered this year. Surely it must be?

This guy is great for Uranium related info.

Here's his take on the acid issue...

https://x.com/Yellowbull11/status/2043678890808279270?s=20

The Solgold experience should teach us all to avoid being over-optimistic. A lot of ducks have to be placed in a row for the private investor to get a fair return. Let's just hope the ALL board are a better class of custodians than the Solgold crew turned out to be.

Hallelujah

Last chance to top up...

The opposition guy (who used to be on our side) was happy to see the project ratified but wanted added value of a processing plant inserted into the committee report. When they finally shut up and get down to voting - this will pass. (hopefully today).