I wouldn't be surprised if the board sold this on the cheap,bcn etc ,board positioned themselves for free shares any sale for is profit,stinks here lately,multiple offers no news ,??????
Piedmont have an off take agreement to take 50% of production at an agreed price after that they will own 10 % of All if they meet the conditions ?? Not 50 %
The numerous offers submitted must be of genuine interest and value to ALL board,or Cancord wouldn't have been asked to value them against the assets,they would have just been rejected,time will tell ??
Difficult to put a valuation on ALL regarding takeover,with the potential resource increases,and continued lithium price rises.Any offer would have to be substantiall to be even considered by the board imo.
I think the increase in the ALL share price since the Demerger has justified that decision.the previous share price was tied to the rise and fall of gold or lithium prices at the time .I also think some people wanted to invest in gold or lithium but not both especially green investors.
Interesting facts missing here are that only about 10% of the cape coast lithium portfolio have been drill tested 90% to yet be tested ,the portfolio covers over 500 sq km in Ghana.The numbers are amazing already what's to come ? The company also holds permits for an area in CDI bigger than the Ghana land package ,Next door to Ghana anyone think there's lithium there too ?????? DYOR
With lithium shortages forecast in the future and prices continuously rising,mine construction paid for its a no-brainer to fast track the lithium to production.unless a takeover offer comes in that's to good to turn down.
Get the demerger done asap,sp going nowhere until that's sorted then investors can decide if it's the gold or lithium shares they want. Funds will only get involved when it's done.
With lithium prices rising and resource figures due to increase massively with eight rigs soon to be drilling on site,the future value of the lithium deposit is mind blowing here.then there's the gold deposits to add.life of mine could easily be 12 years ++.
Don't think we'll get any drill updates ,gold mre,or lithium drill and resource news untill the demerger is completed.,All will be used to support the share prices after the demerger.just a waiting game now.
Buyers now will get the same benefits as holders who bought in at high 20s,30 or 40s,not rewarding small longterms at all,shares should have been suspended to benefit those people .
Any signs of this rising ,then big sells kick in, this has been the norm for numerous months now,share price being held.who in the right mind would sell down here with the news flow due,especially when you could have sold for a lot higher not long ago strange?????