Member Info for LuckyLuciano

First Milestone for this company will rerate its sp much higher than current £7millions market cap.
Drill results are fantastic just awaiting assay results with grade which predictably can be some of the Highest grade around worldwide. Look at nearby Atlantic Lithium and LEO Lithium and we are drilling the same mineral deposit structure....
Partucularly fantastic results from Hole 4 which present a combines thickness of some 70m at shallow dept, strip ratio should be also very low.
The company is funded for further drilling campaigns, only complain from me is slow pace of exploration, but maybe with realisation that (comes assay results) we are on a winner here, the pace of exploration will accelerate.
Fact is that comes H2/2023 we should be ready for a preliminary maiden JORC Resource RNS.
Looking around among many other Lithium miners exploration company with a Jorc Resource and we are talking about a min market cap 10 times today FRG.
This potentially is one in a life time opportunity and coming drilling assays would be a good first milestone, to start the ball rolling.

Have to say..
to make a comment on the cash of this company been good or not till DFS.....
goes a long way to show the total lack of understanding what ALL is about.
Next milestone imo is not really a DFS, because a business model which assume a conservative Spodumene selling price 4-5 times cheaper than current market price and have a capex repayable in 5 months time, doesn't really need a DFS but rather, straight away an engineering scope study to immediate production.
The real mile stone here is increased resources and increased phase one production model. That would be a material change in the company fundamentals and Neil Herbert has already hinted to that happening.
DFS is a formality that possibly may not even be needed, as financing is already in place, but indeed finally noting happens without a mining license.
By the time the mining license will arrive next year, there will be already lots of work done for the mine to start production. https://www.youtube.com/watch?v=NBhdMTK4E84

Don't want to start a polemic here...please.
But Global lithium is now valued at some £310 million, ATL at peek was neat £400 mil.
There has been a sp retrace for sure and that is why I bought in, including nearing 30p support level, but no two companies are ever the same and for sure Aussie lithium companies are overvalued compare to other...this is a fact and there is no amount of talking about it, that will make a difference...
But hey Atl did get to 68 p not long ago, this is a good sign imo, the market is willing to value this company some £400million without mining license or DFS.

With Sigma reaching CAD 5 bill market cap pre production and similar stage one production of some 250k Spud per year,
one simple calculation and thinking would be Atlantic been valued half of CAD 5 Bill (50% Piedmont) or £ 1.75 billions by pre production stage in possibly 2 years?
That would be x8 times current valuation.
On reserve/resource comparison I am confident Atl will be matching Sigma current reserve in due time....
Funding is in place, if Piedmont decide not to make final investment decision is even better for Atlantic, we will get fully funded mining license permitting and DFS for free, own 100% of the project and need only some $130 million for a project revenue of $1.2 Billion/y at $5000/t 6% Lith. This project capex is repayable in few months, unheard in the mining business.
I had a look at other project including Frontier Lithium (CAD) mainly attracted by the exceptional high grade of that deposit and relative low strip ratio. All good but for example this deposit is in such remote area that will need huge infrastructure investments from government to be able to start, power grid and road are some...this means that timing can be unpredictable, also in Canada there are many issue regarding consultation and inclusion with native American communities. Nevertheless Frontier Lithium remain a compelling project once some fundamental infrastructures will be in place.
So x8 times valuation here before production ? I will be happy with half of that by end of 2023....

I have just bought some here, together with some Firerign .FRG, I am possibly overexposed particularly to the geographic aspect of investment, but after having screened dozens of Lithium players out there, I think I made the right decision and in due time it will reward me with multiples of my investment.
Talking about no Buzz for ATL imo in not correct, just few months ago its sp was double and this shows that the market is willing to put a premium of lithium stocks. Is also true though that Australian investors mostly like only Australian based mining companies, in this respect I am not so sure why ATL is quoted in the AUX, maybe the US market would have been better, given the connection with Piedmont...
Sigma lithium for example is a pure Brazilian play but the market is willing to price in multiples of future profits, I think the same will happen with ATL, looking at past sp performance.
Thing is we still need at least a DFS and mining licenses to become investable for many institutions and also RI.
But what a unique position to be fully funded, for mining one of the most needed commodity out there for years to come and have the best geological and one of the highest grade out there....
I remember looking at Sigma that with upgraded increased reserve/resources also planned production was increased and it looks like ATL deposit has this potential, maybe after revised resources upgrade they will do a DFS based on much higher production?
Anyway back to reality and ATL sp imo once we reach DFS and mining license, ATL sp will be already x3 of today price, remember there is no dilution and funding is in place, is only a matter of time.

Hi
bought some in the last few days. Can't believe this opportunity to buy a lithium player at such low market cap.
Also I like the connection with BoD and Atlantic lithium which seems to be set to become a producer....is not going to happen overnight but the potential is huge here...
All IMO.

If -4.5% is trading water I wonder what happens when sp goes lower...
Is North Eigg drill still ok?

Possibly the focus should be more on energy price trend, rather than SQZ joining whatever market...
Sure attracting larger institution investors, would in theory help any possibly acquisition SQZ has in mind, for the sp is likely nothing would change much.
But with upcoming license round from Brit Gov. there should be some opportunities also for SQZ to possibly increase reserves/resources.
The cash pile SQZ is accumulating can be reflected in the sp to a certain extent, but also it should be appreciated the BoD not wanting to rush in to any acquisition at this particular high asset prices. The best balanced approach is possibly to use the WT capex offset allowance for asset workover and exploration.
On the lack of recent brokers coverage and price target upgrade, it could because the market been so volatile, brokers are taking their time to come out with any new analyses.

Theosus
Just few points...
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The Uk has to be run like a business and not a social society group.
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Sorry not sure what you mean when talking about "social society group" but please don't bother to explain, this is for you to look at.
As for selecting the best candidate for a job vacancy, (asylum seeker aside) it all depends on your interpretation of the meaning "best candidate mate"...but surely not every European as left UK because was overqualified, if I remember correctly Brexit came about because "they were stealing our jobs"? or something like that..
Anyhow the sad thing is that D. Cameron had already managed to set up a Schengen system with EU whereas, new EU arrivals couldn't claim income support or housing benefits, till they payed enough taxes and although imo this should be extended to all resident citizens physically able to work, in the end it was a very good law framework from with to build up a fair social security system for all.

As neutral observer me I say, people fail to realise that it doesn't matter if is Labour of Tory to run the Country.
A decades of low tax high growth policies has put UK is a difficult situation of very low Tax revenue compared to a rising debt repayments. Look at this ratios for every Countries and you'll see that for example US with a much bigger debt/GDP ratio, can repay its debt much easier than UK.
Add to the difficulty to repay debt the rising $/£ exchange for sustained high inflation and pressure on wages growth due to labour shortage...Any Gov. would have difficulty to run this Country.
Recent mini budget imo was a half backed attempt to lower taxes trying to lure in fresh capital investments, but at the wrong moment of this economy cycle...
Some on here referred to Europeans pre Brexit has the hospitality low payed workers stereotype, I am one of them, and believe me working in private houses most of my hundreds clients are (I would say were...now) millionaires from Europe that came to live in UK and set up business here. They were the one that trickled down huge amount of cash and supported the Uk economy, the mid/higher class, not the ultra billionaires that just few Tory friend seems to have.
So imo unless this country does a reverse on Brexit with a much competitive tax proposition than the rest of Europe (not sure if Europe will allow this to happen now though) the only way is money printing (not for the bankers) but to invest in growth and allow for trainings and immigration to ease to keep wages a normal levels, this will inevitably devalue £

Even if new mini budget policies works in reviving the economy, how are we going to solve the conundrum of labour shortage and general laziness?

Not difficult to call the market right now. IMO we've entered complete panic mode, possibly best investment been $ cash.
US indexes still long way to go downwards...Fed will make sure of that.

Yes but who says that to blow up the gas pipe was the Russians????
Doesn't Putin just needs to close the tap, if he wanted to cause higher prices of similar disruptions???

IMO there is a reason why BoE has been late on rate rise...
The orchestrated economic UK policy here is devalue the £.
Recent mini budget tax cut is irrelevant, surely is not going to make any impact to attract investments if one consider that in many other parts of the world there are zero tax policies.
No the dirty secret here is devalue to infinity and at the same time keep an already very expensive Gov. debt repayment low as possible.
UK interest repayments on debt, compared to Tax receipt is much higher than USA for example, so no much room for tax cuts there, it is a bluff recent tax cut ....
And possibly is the right policy to gamble on £ devaluation , shame for holiday abroad though.

Last trading update on 20 July average gas sale was at 177p Therm.
Since then UK Therm price has averaged more than doble that.

Banburyboy
many thanks for your explanations

More over NewKOTB
agree with you that HBR has been active on M&A, but I personally see this more motivated management share hoarding, than shareholders value creation.
Indeed now everybody is watching SQZ BoD and what they will do with all this cash.
Not easy decisions considering current dynamics in O&G and geopolitics. They could be excused if biting their time a bit longer, or even better change most of the cash in $ denominated deposits as an hedge, for 1 year.

DRB83
you are correct , ND is C+CE-SD+LD, I did read it correctly on Investopedia, but interpret it in the wrong way.
Have to say though, given the relatively short longevity or NS assets, some investors my like to look at different metrics when comparing NS upstream peers...
What I probably referred to was Net Worth Value or Total Equities.
NewKOTB , thank you for the link.
You are correct in that Hbr has drop less compared to SQZ, since they published results.
My was a forward looking comment, using my wrong interpretation of Net Debt.

Hi NewKOTB
I see we both have large amount of time available to spend.
I have posted this on HBR boar:
Incidentally have come across the definition of "Net Debt" so widely used by many. I have been invested in Hbr and remember many of us referring to Hbr been soon debt free....
But the definition of Net Debit refers to total Liabilities minus Cash and Cash Equivalents: TL-CCE
If one looks at Hbr situation it is quite scary, surely not the £1billion or so Net Debit been advertised by the BoD.
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But have stopped short to make comparison between SQZ/HBR even though both sp is falling at similar rate.
In the end if I am correct end 2021 SQZ net debt situation was neutral, whereas HBR was some £12 Billions.

Incidentally have come across the definition of "Net Debt" so widely used by many. I have been invested in Hbr and remember many of us referring to Hbr been soon debt free....
But the definition of Net Debit refers to total Liabilities minus Cash and Cash Equivalents: TL-CCE
If one looks at Hbr situation it is quite scary, surely not the £1billion or so Net Debit been advertised by the BoD.