Member Info for LuckyLuciano

...mind you lithium shares since yesterday are very much under pressure. We are undergoing IMO a correction where money flows from one asset to another.. in not a coincidence that it seems FED rate rise is slowing and possibly inflation has pivot. Tech. IT and cyclical are trending.....not sure how much and how long this gyration will last, but whatever happens, Lithium trend and fundsmentals are intact. Possibly good times to buy the dips for mid/long terms...

Not just Prem..
Have been reading many assay from many lithium explorers, its rare to find this thickness..
This is why lithium price is where it is, one of the most abundant mineral on hearth, present almost everywhere, but to find a lot of it in one place to be mined, is the difficulty.
Hence why these assay results are very important, from the map there are many ore body to be drilled in FRG license, but also I was reading that this geological formation is in trend with LEO Lithium/Ganfeng project in Mali, which Goulamina Project, has a huge resource base above 100MT
https://www.investi.com.au/api/announcements/lll/3195e4c9-a31.pdf
Anyhow I am not suggesting that FRG one day will become LEO/Ganfeng, but signs are promising for potentially commercial finds here.
DYOR imo

..Mind you these 4 holes refer to just one pegmatite body, out of several bodies stretching some 2000m (see map)
Importantly we have grade and thickness, maybe would have been better closed to surface, but these are first drill results...
I am sure with these data, they will work hard to redesign next drill campaign, although given the many pegmatites body there will still be chases of hit and miss, till they have tested few ore bodies in the license.
But hey, 27m at 2.13% Li2O from 76m is not bad if it stretch for say 1000m..
To say this results are not economical based on first 4 drill result of any drilling campaign, and considering that one is
64 meters thick at at 1.24% Li2O, imo is a bit adventurous ...

I am reading drilling assay from other explorations miners around the world, with pay zone thickness of just few meters some just 1 meter and similar grades...
64 meters and possibly better results to come is definitely encouraging . Depending on the approach first drills campaign would be to test the wide license area, therefore there will be some hit and miss.
These assay are very positive..

Not having a huge rise....people taking profit.
Wait for the sellers to get out, this will rise in the next days and week.
Buy on retrace and accumulate.

64m at 1.24% Li2O from 76m in hole TVDD0004
wow..that is a lot of lithium, very thick.
I am sure with these numbers they will poove a maiden resource worth mining...
Multiples of current sp.....drilling campaign accelerating, more assay to come.

Mind you bankrupty
license areas are important and the more the better, but in the end is the Li in the ground that counts.
This Li needs to be proven via time and expensive drilling. All is in a good place under many metrics, and compared to many peers its value needs to be at least double today value....not sure what the market is awaiting???
Maybe for Piedmont to start built its refinery plant?
Anyhow soon or later it will get there...

Many thanks 9billion
been trying to find this particular info for a while...thanks.
So yes it all squares up, and yes Neil our boss is correct..
So the current 47000m drilling campaign results will be used, 30000m to increase the "indicated" category or maybe to move indicated in to "measured".....
The remaining "exploration drills, the one outside the area already included in the 30.1MT Reserve, will be used to increase/update the total Reserves..
Lets say remaining 17000m (1/3 exploration) because they are near 20% of total drills done for the 30.1 MT Resource will produce another 6MT resources hence 36MT upgrade.
But I also read that at some stage the PFS was contemplating a production of 300,000tpa of 6% Li2O spodumene concentrate ("SC6") over an 11.4-year operation.
Most recently there was talks of 250000 tpa....bit confusing.
Personally I would go for higher production and shorter life of mine.
This caught my attention...
Significant potential for further Resource upgrades to extend the planned LOM; Project metrics substantially improve with a LOM of 15 years and beyond.
A 50% increase in production would reduce LOM to 10 years...sound good to me.

So if you like to diversify still in the energy space I urge you to take a look at IVZ (AUS) Invictus Energy
price has retraced a bit and offer great opportunity to buy in, for further positive news flow.
Multibagger potential in due time.
If you like to remain in the lithium space take look at SUM (AUS) Summit Minerals just recently quoter in Australian market. This is a long shot... still to prove lithium or REE in its licenses, starting drilling campaign in REE and soon lithium. Any decent grade will catapult its tiny market cap of Au$ 8 millions.

I am trying to guesstimate what the new number will be..
Does anyone know the current 30mt Resources on how much drilling meters campaign is based on?

More over I would stay away from Brine deposit wanna be producers...especially in Chile, Argentina would be better...
Hard rock spodumene is the way to go.
Problem is that if you are a UK investor focusing to invest in UK lithium shares, there is not much to chose from and ALL/FRG are the best prospects of all.

Thank you for your Secure Message.
UK stamp duty is applied to all UK share purchases except the majority of FTSE AIM-listed UK shares.
However, it’s up to the AIM listed company to register in order to remove the stamp duty. Therefore, there will be certain FTSE AIM-listed UK shares where stamp duty does still apply.
==============================
Reply from my broker ii,
It doesn't make sense to me but hey???
I am up 50% on ALL so WTF...lol
Also what a nice surprise today Invictus Energy, was a long shot but sometime in life one needs a bit of luck...lol
Sorry couldn't resist to mention this.....

LOL
They have not started a mine in Italy for centuries now.....(more or less)
Europe is like a circus, lost of private interest and politics everybody getting paid and nothing gets done.....
Look at Savannah Resources trying to start a mine in Portugal for years now.
Not going to happen in Europe or very difficult anyway.....Too many cultural heritages and protected areas, local population won't allow it. Beside costs will probably be double that of Arica.....

Another UT at the opening for £22.50 at 15p ?
The mysteries of market making........

08-Nov-22 16:35:03 15.00 29,050 Buy* 13.30 13.70 4,358 UT
This is likely the reason for a jump to 15p, but this trade is outside trading time, likely occurred earlier in the day, delayed trade...hence unlikely price will open at 15p tomorrow.

4kandles
closing price is likely to be near day low at 13.50 I don't have live price so need to wait a bit longer for confirmation...
Some time on delayed prices depending on the timeframe you are looking at the price doesn't update to current price or anyway shows the wrong info....
Not a good day for FRG but hey it has been rising 100% in few days.......lol

....to better explain what I mean by been invested in the right company and right management, take a look at Kodal Minerals....
They have been going on with their Bougouni Lithium Project for years now, but so far attracted no finance...I wonder why?
Well in 2020 trumpeted a feasibility study
https://polaris.brighterir.com/public/kodal_minerals/news/rns/story/xl3g13x
with 220k LI 6% production for 8.5 years, based on a dodgy Reserve estimate, only Indicated and Inferred...
The market didn't bought it and in stead of drilling and proving their lithium asset, they just wondered how can they trick the market in thinking they are a lithium wanna be company, when what they are actually doing is drilling for gold.....
Is pathetic...the lates news from Kodal are a revised feasibility study ....sorry I haven't been precise. A revised down feasibility study..
https://polaris.brighterir.com/public/kodal_minerals/news/rns/story/xl3g13x
note the reserve estimate change...now 4 years LOM and half production, apparently they need to build an 8 Km road dedicated to this project among other odd issues....
More and more I look around for similar project to ALL and more I am convinced to be on a winner here....
DYOR

bankrupty hi.
In my extensive research on lithium stocks fundamentals and peers valuation comparisons, license assets are possibly the least valuable possession if are not developed....
Indeed a license asset could even be considered a liability, till proved to be economical, hence attract finances...
What changes a license liability into an asset are milestone achievements like maiden resource declarations, reserve classification and PDF etc....
Best thing for All is to focus on bringing project to production and then with cash coming in develop other licenses.
All is in a great place, not only because Ewoyaa project is easy to develop and most of the funding to production are secured, but crucially is the quality of its resources that imo makes the difference.
To have a large amount of lithium in the JORG Complying Reserve category and pending imminent upward revision is an enviable place to be.
I have been scrutinising in details companies like Kodal Minerals and Premier African Minerals and slowly I am starting to understand why they are a third or less of our valuation, more importantly with the present danger of their project never been accomplished or revelling a complete disaster......
It bodes well to know that some of the same Directors of All are also involved in FRG and Ricca (when will be quoted)
Nobody want to be invested in companies that take short cuts, lie to the market or promote company plans with the only aim to push the sp higher for short terms gain.....soon or later the market will catch up with those valuations.

Indeed ALL focus as to be on Ghana now.
We have entered the league of soon to be producers, and would be better to capitalise on high Li prices by bringing production forward.
I think Neil Herbert gave some hints from recent interviews...
I am trying to compare market cap. valuations between SAY, SGML and ALL. Not an easy thing to do but plenty of spare time on my hands and a bit bored too......so why not.
For Ricca and Frg yes all the potential is there to become the next Ivory Coast lithium miner...
I am wonder at what market cap Ricca will float....

With drill assay results out any minute now....and secured finance for next 12/18 moths, I wouldn't like to open shorts here, not at £13 million MC.
We've just been promised more than £15 million to bring Atex to DFS but just reaching a maiden resource statement, would command many multiples of today MC.
Remember....18 thick lithium mineralization out of 19 drills?????