Member Info for LuckyLuciano

In other words investors bought this for short term trade on coming DFS.

Once today at opening sp didn't reached expected hopes, panic set in hence thew drop.

Not sure about the city or ii theory, but I suppose it makes no difference....

I have no doubt Keith and the team will also be selling and promoting the DFS during the coming weeks to attract new investors onboard too.====================================

I like the word "I have no doubt" Cazzo, If I only could be intelligent like you are mate.....

So from DFS, production is now up to some 300k/t from current Ore Reserves to 25.6Mt @ 1.22% Li2O.

My assumption of 300k/t production comes from dividing 3.6Mt concentrate production over a 12-year mine life.

As they mentioned Ewoyaa license is likely to contain at least double current Ore Reserve, I wonder what are the plans for future Ore Reserves discoveries..

Possibly though these are mid long terms plans, current DFS is based on concrete and very much viable metrics and initial focus has to be now generating early revenue, to finance intensive capex stage.

Have to say DFS was just what I hoped for and actually even better considering the conservative price of Spodumene production.

IMV only negative here is timing due to NH been seating on his hard till recently, glad something has changed now with the appointment of KM.

Lol

Probably the market didn't listen to what you said Not2sure.

I am hoping for lower share price tomorrow and toping up...

Thank you Levs for your insight

I am going to sell my share immediately now.

Clown

Yes. I would completely disregard that article.

Other companies like Cornish Lithium exist and jet as far as I know, UK doesn't have one single estimate mineral resources of lithium, with grade higher enough to warrant a profitable mining project.

Riiiiiiiiiight world events!!!!!

Trading this share short terms is a mistake.

Many here agree that full valuation beside POG will come in H2 and beyond.

.I think they can update the resource estimate but it might mean as you say a second stage or updating the DFS (not sure if they can/how that's carried out)..========================================

I am guessing depending on the type of operations implied due to increased resources, it can be quite straight forward for ML permitting...

Hopefully the coming DFS will contemplate extra capacity of processing plant, tailing dam and power supply.

In absence of that they could possibly selling extra DSO to Ghana Gov. or for export, or simply extend LOM.

MikeClarke

I am perplexed because when the company talks about revised increased production with coming DFS, they use worlds like, evaluating, possible etc. Indeed they also mentioned extending the LOM, hence considering that are basing the DFS on only 5 extra Mt MRE I am not holding my breath for any huge increase in production. I am also perplexed on how say....300k/t production plans would square up with PLL 50/50 agreement. Will they be interested, will they give us more that coming $70 millions? Or keep 50% of 255k/t and the rest is for us? In which case cost apportioning will have to be revised....

I am not trying to rise any doubts on Ewoyaa project, just curious to know a bit more details.....

Again it could be that a potential increase to 50/70 Mt of MRE, would simply translate in longer LOM, hence no need for plan b,c,d ...

Reding the recent 20 March rns, 2023 Exploration and Resource Drilling Programmes Update

it says that · The delivery of the DFS, which will be based on the current 35.3Mt @ 1.25% Li2O MRE1, is targeted for completion at the end of Q2 2023; the planned 2023 programmes will not impact delivery of the DFS.

Beside any understandable slight delay on DFS delivery, I am actually perplexed on market expectation that with DFS there will be an increase of 255k/Spod. production.

Is anyone able to provide any statement from Atlantic that this is the case?

I am very exited by current drilling campaign, especially because with new geomagnetic survey they seem to be moving in unexplored areas, but the coning DFS will be based on only extra 5Mt MRE.

Then by end of the year MRE could be in the range of 50Mt.....Are they going to plan for stage 2 development down the road?

EE

Yes swest42 rational been short term traders getting out from 20s buys....

Problem for a sp rerate is volumes, and volumes comes only if there is a catalyst new.

DFS coming may or may not present a catalyst, it also depend from what is in it but I am not holding my breath...

What All needs imv, is ML but equally needs to grow its reserves at least to doble this level.

Is anyone aware or can estimate what this current drilling campaign will add to the reserves?

Look at Leo Lithium, look at Sigma and other companies like Latin Resources, they are all aggressively drilling and growing reserves....this is the way to go to create share holders value.

Indeed possibly money spent in drilling are the one which add the most to sp...

Hopefully KEITH MULLER is aware of this and will convince NH to go in this direction.

...Well no answer! So I suppose is only me.

...or you thing to be two people, split personality?

I suppose institution or private seller doesn't make any difference, but I would guess institutional investor (for whatever that means...) are in more for the longer terms?!

Lol..

No worries with the Ozzy guy now as CEO, we should be in good hands.

I like the idea of doubling reserve/resources, and I am sure this comes from KEITH MULLER possibly same about DSO sales....Hopefully NH will sit on the back ground and just make sure we strike good deals financially. hummmm lol

Sure Not2sure....lol

Respect to NH bro..

If I can only make a slight criticism on NH, is that for the last few years he has been too busy with financial magics, in stead of focusing on the huge potential with Ghana....Firering and Ricca are examples of time consuming and possibly unnecessary events .....Had he moved earlier in the research of a popper operational guy, by now how knows we could have drilled double resources and possibly submitted a correct ML to Ghana authorities.....

No criticism to NH, but one can't say his managing has been impeccable, glad that now is focusing on Ewoyaa I have no doubt on the financial fide he will sort things out no sweat.

Yes bankrupty

but as I said it all depend at what terms.....?

Plenty of time for our share of capex, if got this right, we are still due $70millions from PLL..

Then once obtained ML in say 1 year time and possibly with a better understanding on how much money DSO sale will bring.....we can start to think about our share, 30 million shares for MIIL at £1 would be nice but doubt is going to happen. Anyhow last interview talks about also signing something (maybe with European battery/car maker?) to top up our extra capex. Again all depending at what terms, good thing is there is NO DUBT that we wont be able to find the extra capex.

...more over I don't see why MIIL investment as to represent any catalyst for the company what so ever....

If not mistaking the Ghana Gov. via MIIL has the right but not the obligation to take 10% stake? (please correct me if got this wrong)

Other this exercise (the terms) one way or another....is done to the the advantage of the Gov. rather than the company.

Hence I rather like to see MIIL buying in one year from now, when ALL sp will be double and more current price, the latter the better for us shareholders...

We need ML not MIIL

On MIIF and in general Ghanian investment in ALL

I might have a clue on why there are delays...

First and undeniable imv is the fact that without an official ML, it would be unthinkable that a Gov. wealth fund invests in ALL.

It would be close to bribery and corruption to the eye of commune Ghanian citizens.

But looking at the rate exchange between USD and Ghanian Cedi, I see that since 2020 the Cedi has lost some 50% in value and is now recovering slightly....

This is just my conspiracy theory but with Ghana Gov bonds running at some 30% returns and the Cedi been 50% undervalue, not to mention the ML, I see every reason for MIIL to bite their time.