Member Info for lcwanderer

Maybe he's decided not to make promises with timescales that are not in his control. That would fit if the offtake is dependent upon ratification.

Https://www.voxmarkets.co.uk/articles/q-a-with-atlantic-lithium-executive-chairman-neil-herbert-dc53b57/

If you take the view that the worst case scenario here is further delay to ratification but that eventually (whoever is in power) Ghana will want the mine built, the current price does offer an opprtunity to average down for those who choose to keep the faith.

New article about MIIF...

https://thebftonline.com/2024/08/26/miif-records-100-increase-in-profits-in-2023/

We get a mention...

"The Fund through its investment in the UK and Australian listed Atlantic Lithium is now the third largest shareholder in Atlantic Lithium globally and working on finalising a 6% stake in the company’s Ghana tenements including the Ewoyaa project mine which increases Ghana’s stake in Ewoyaa to 19% on the back of a negotiated 13% free carry for Government of Ghana at US$27.9 Million.

Thanks for the quality contributions to this board Pbow. Such a refreshing change to see well-researched balanced posts on here.

If that's the case... why didn't they just say so.

I'm not quite sure what you would like the board to do sw42. They've managed the project brilliantly so far and submitted the ML application exactly when they said they would. Bit harsh to suggest they all forgo their salaries until parliament vote it through. The delay is frustrating and a bit of a worry if you're concerned about the short term SP - but this bit isn't in the board's control.

Https://metrotvonline.com/grant-atlantic-lithium-company-concession-or-well-boycott-2024-elections-irate-awoyaa-chiefs/

That was the uncrossing trade (UT)

Neil is on his way to Ghana...

https://x.com/ALLTheChairman/status/1809911640244314285

Great stuff Teddy - thanks for posting. All points answered with confidence. In my opinion we are a steal at this price.

Most of this stuff was expected to be confirmed around mid-year/end of Q2 and we're not quite there yet - seems a bit premature to be wetting the bed. This company has an admirable record of hitting its timing targets. They can't force the ratification but I'd be very surprised if we don't have good news on the other aspects very soon.

Much of today's drop is due to it being ex-dividend date. Plenty of upside still to come as interest rates normalise.

Much of today's drop is due to it being ex-dividend date. Plenty of upside still to come as inerest rates normalise.

I see our share price in Ghana is 4.40 Ghanaian Cedi which is 25p

It was great to watch the ceremony live today. Another of the promised milestones (on schedule as usual) with several more to follow in the near future.

Excellent interview confirming all the good things we can expect to hear in the next two months.

Also from the Q&A part of today's presentation... Keith is travelling to China in May regarding the offtake process.

Addicknt - with regard to SC losing out on his options, Hubris Hunter has a different view on X.

He says...

"The vesting is 100% in case of a merger > 17p. Caldwell would get all 30 million. WHY? There is a Change of Control clause (CoC) which states clearly In the event that the Company undergoes a change of control by way of sale of greater than 50% of the voting shares in the Company, or 50% of the assets of the Company, or any resolution to wind-up, dissolve, or liquidate the Company, or there is a change greater than 50% of the Company's directors as a result of a reorganisation, all Awards will vest early.”

"Any takeover bid above 17p and Caldwell makes the difference. Hypothetical eg: if a takeover is at 25 p = 2.4 million pounds for him pre tax"

This is interesting...

https://gna.org.gh/2024/03/hi-limit-group-signs-us71-billion-agreement-to-invest-in-ghanas-gold-and-lithium-sectors/

No doubt in my mind that our project will go ahead.

Bipos - your broker / platform should notify you (nearer the time) of your right to purchase 1 new share for every 5 shares you hold on 30th April 2024.

The price this year will be 37.74p

See RNS dated 4th May 2023 - link below...

https://www.lse.co.uk/rns/GCL/subscription-rights-price-2024-yltuv6gpall30i9.html