Member Info for MikeClarke

50p would not tempt a lot of LTH's who hold good chunks of shares. Would need to be well North of this to be tempting.

10 years mentioned a few times here this morning. From what Amanda has said in the past, the offtake agreement is for between 3-5 years, and for a set overall tonnage, from memory 300kt in total.

It only requires circa 210 million, non Assore shares to vote against, and I feel confident that the serious holders will collectively have this amount to vote against. It will take an offer well north of this to tempt these holders.

If a bid comes, you can expect from Assore it will be on the low side at about 40p, or very low 40's. At this level you will just see the traders and flippers cash out and all the serious holders will vote against this way under value offer.

Australian companies do not have to make an offer over 30%. ALL constitution excludes bidding votes on a takeover from voting, so 50% needed from the rest. AIMHO.

GK. Listening to what Martin Mincom says, the current ceramic demand for Feldspar in Ghana is circa 1mt per annum, currently supplied by 4 smaller local mines, but the quality is not up to the Ewoyaa Feldspar, so they will switch to Ewoyaa supplied as cheaper to process.

When you consider that the Feldspar exports for excess material can raise circa $280t, and our all in sustaining costs at circa $670mt, we are in a very strong position, other explorers won't be able to raise capital, and high cost producers will have to pause projects, or go bust. In the game of last man standing, I know Ewoyaa will be at the top, or very near. Also cheaper to ship to Tennessee from Ghana than from Val d'or for PLL.

Https://ghextractives.com/ghana-atlantic-lithium-to-sign-lease-agreement-with-government/

Only ones who really lose out are traders.

Cash from a take off agreement will just be a further guarantee of mine build on time, and complete. The extra funds going into ALL top Co can be used for extra drilling short term increasing that resource further to say 40-45mt in the next 6-8 months.

They can raise the extra from the modular processing unit, which will start hopefully early 25, well before all the mine expenses take hold. PLL pay their agreed share first before it goes 50/50, so a good gap before final funding is needed.

LOM concentrate pricing is currently $3300-3600mt depending on where you source the pricing. Some current contracts could be higher, or slightly lower. More than double the DFS LOM figure.

And another weak holder bites the dust.

Swest. They will do their quarterly cash statement at the end of this month up to 30/6/23. Suggest they will still be showing a small holding, so will not 100% know sold out, but will nevertheless be interesting. No requirement to do a TR1, I believe. My guess is they are either sold, or very very close.

Swest, they are probably even below this now, and very close to exit IMHO. Will be a great day when totally gone.

LL. Don't know why you would be perplexed by this, as NH and other senior team have stated at a few recent presentations that they are exploring yearly increase to 2.5 or 3mt, giving up to 255,000 mt spodumene, as part of the DFS.

Would not disagree with any of your points, and am well invested into ALL. It is convincing many other investors, I feel, which is more of a challenge until we are more de-risked.

Is the elephant in the room Africa? Most other top lithium producers, or near term quality producers in the league of ALL, are in Aus, Canada, or the lithium triangle. I suggest we have to be a lot closer to mining to achieve our just value, than other peers.

I am sorry to say I agree with most of what you say LL. This BOD are just puppets of Keith Philips.

This was from an article in the Telegraph today, which speaks about all the Chinese brands of EV's coming to the UK market, which Lookers are getting very involved with.
For Lookers’ Raban, though, the arrival of a wave of affordable Chinese cars is a “phenomenal opportunity” for his business.
New brands could take 10pc of the UK EV market by 2025 and 18pc of it by 2030, industry researchers estimate.
Lookers current strategy seems to be spot on.