Member Info for lcwanderer

Https://www.gbreports.com/interview/keith-muller

"Ghana is a country that relies heavily on mining, and the regulatory mechanisms are well-oiled. Whereas in other places the regulator is almost a barrier to progress, for us, it has been a true pleasure working with the responsible agencies in Ghana, who have guided us on how to expedite permitting and provided assistance when dealing with certain applications. We approached the new government in February, a month after it was installed in office, and we were pleasantly surprised by the understanding that both the regulator and the politicians showed about the drop in commodity pricing when we engaged them to seek a revision of the fiscal terms of our license."

He's already on another planet.

Https://news.bloomberglaw.com/business-and-practice/litigation-finance-tax-cut-out-of-gop-tax-bill-by-senate-referee?utm_source=Email_Share

Or on the other hand...

Ratification drops this summer so that one of the lowest opex projects in the world for a critical mineral can finally move forward.

Place your bets.

All the right noises coming out of Ghana now re ratification. Hopefully not too long to wait.

Personally, I think the government wants the project to go ahead and a solution will be found which is acceptable to both parties.

The idea of a sliding scale tied to lithium prices has been flagged up before in several interviews with Keith and Neil. This article has picked up on a few rash comments from GM Adel (who should have known better) and sensationalised them. Not helpful.

Sometimes the filter button is the best option. 5toamillion has now hit that level of annoyance.

Positive piece on WJG... (at 57.28 mins & 1hr 19)

https://www.youtube.com/live/pci9XGaa5oY?t=4730s

This interview with Keith from 10 days ago elcobbledore...

https://www.youtube.com/watch?v=QQZdKLISJro

At about 7 minutes 40 seconds

Very encouraging interview. Hopefully things getting back on track.

Better change your name to 'amillionto5' then.

Just collected a few more of these at a price I never expected. Things could turn very quickly with some good news re ratification. I doubt very much Ghana doesn't want this mine built. As far as Piedmont funding is concerned, if they don't fancy it, there are plenty more who do.

I don't think you're in any position to mock Charlie, Roxi.

You've been 'loading up' this falling knife on a weekly basis throughout the year, while we've all watched it plummet despite your constant ramping.

A more nuanced and balanced input from you would be more credible.

Came across this assessment of WJG elsewhere...

https://theoakbloke.substack.com/p/wjgs-under-the-hammer?utm_medium=web

More encouraging (slightly)...

https://www.youtube.com/watch?v=EmlQautocX4

This has been so disappointing for the last 18 months - a real shocker considering how solid everything looked before the Montara fiasco.

Nevertheless, the company still has a lot going for it and I'm happy to have averaged down at 26.5 today in the hope that this price is about as bad as it gets.

Finally succumbed to the temptation to average down today. Let's hope this is more or less the bottom.

It was scaled back. I received just under 80% of the shares I asked for. They only allocated £400,000 to retail investors despite having the authority to go to 6.7 million.

Hargreaves Lansdown not happy either...

Message from HL:

Despite the issuer having authority to issue up to £6.7m worth of stock to Retail Investors, unfortuantely on this occassion the total allocation to retail investors was approximately £400,000. This was at the discretion of the Issuer and their advisors, not Hargreaves Lansdown. For further information please contact the NewRiver REIT Investor Relations Team.

We have been in contact with the Issuer's advisors to express our disappointment with the allocation policy. We will continue to actively engage with issuers, investment banks and advisors to encourage fair treatment for Retail Investors for these types of offers.

Given that the Ghanaian opposition to ratification has been based on their desire for a bigger cut of the profits, maybe announcing a fabulous offtake agreement right now would be counter productive.