Member Info for LeeBruce

Ewoyaa grade is 1.24% versus Kodals 1% so 24% more Lithium content. Also the project benefits from nearby infrastructure eg grid power, closer to port, not in Mali etc etc. The offer is for all of ALL so they get the Ivory Coast prospects too.

Ownership Structure: Atlantic Lithium held a controlling interest in the Ewoyaa Lithium Project. Following agreements with Ghana's Minerals Income Investment Fund (MIIF) and partner funding, Atlantic Lithium Ghana was structured to hold an 81% interest in the Ewoyaa project, with the remaining stake held by the Government of Ghana and other partners.

Current Situation (May 2026): Huayou Cobalt has agreed to acquire all issued shares of Atlantic Lithium in a deal valuing the company at $210 million.

Key Partner Interests: The Ghanaian government holds a 13% free-carried interest, while MIIF supports the project with a 6% equity stake.

They hold 81%, it would have dropped to 41% if they had taken CAPEX funding from Elevra.

Selling out removes all risk.

Acker, it says we are for sale and ready to deal, 6 month bidding window, bet it settles much higher. 18.8p guarantee in December, there will be no upside left months before record. Theyve played a blinder.

With a record date set for December it's a clear green light for higher bids, this forces companies to stop sitting on their hands and come to the table. Smart move.

Shows they are now open to offers, opens the door to further bids forcing hands. Nice easy money, should fly today.

Theyve received a buyout offer today, 21.8% premium to 30 day vwap, told ya easy money. See if kodal get one?

Hi Acc, you say "Xinmao did not invest $100 million in KMUK to receive 51%. Don't know where you get this wrong information but just read the RNS's and try to understand that it's $94.34 million! "

But but but this rns https://www.lse.co.uk/rns/KOD/kodal-minerals-completion-of-funding-transaction-zik850ucjeas6m1.html states "The Funding Transaction also includes a US$100 million investment into Kodal's UK subsidiary company, Kodal Mining UK Limited ("KMUK"), by the Hainan Group, primarily to provide the financing to construct the Bougouni lithium production operation. KMUK is 49% owned by Kodal and 51% by the Hainan Group."

Maybe let Bernie know his info is wrong eh?

Amazing how rns's are comprehensive when it suits. The completion rns gives different terms but stick to the original rns this time. lol

From the rns on completion of funding:

"The Funding Transaction consists of a US$17.75 million equity subscription by the Hainan Group into Kodal, with these new ordinary shares having been admitted to trading on AIM today. As a result, the Hainan Group now holds 14.72% of the issued share capital of the Company. The Funding Transaction also includes a US$100 million investment into Kodal's UK subsidiary company, Kodal Mining UK Limited ("KMUK"), by the Hainan Group, primarily to provide the financing to construct the Bougouni lithium production operation. KMUK is 49% owned by Kodal and 51% by the Hainan Group."

Wrong Hainan invested $100m into kmuk, If kmuk didnt use $6m to repay kodal is irrelevant, Hainan still paid $100m into kmuk for 51%.

But now a Speculative Buy, dont forget that bit.

Yes because we can guarantee the spod price will still be high in 2028. So now in production Lithium is no longer a cyclical commodity and prices will rise forever?

Hainan got 51% of Bougouni for $50m. They paid $100m into kmuk, that was loaned to LMLB, that then comes back into kmuk which Hainan own 51% of. See the slight of hand there?

Before anyone gets excited thinking $$$ will soon be coming kodals way then think again. Stage 2 needs funding, then it'll be a new project etc etc. Just enough will come in to pay the salaries. Shareholders get......

Still red on a tight spread, there goes the MM manipulation theory. Nobody wants it!

Based on your top end figures but on sc5 = $48.3m

Totally agree, it will help.

It wasnt a 7.4% rise in 1 day though was it, the markets have been closed over there since last Thursday so this is a 4 day rise.