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“I hope the minimum that PLL and ALL do is report the smelly BO to the FCA (and their USA equivalent) for market abuse.
USA damage cases can bring in astronomical sums, so it would make sense for PLL and ALL together to seek damages, possibly via one of the successful 'no win no fee' lawyers in the USA."
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Atlantic must have evidence to prove that the owner of Joy Transporters is not the son of a senior politician, Johnson Asiedu Nketiah (General Mosquito) before they can win Lawsuit.
Ask Papa ?Lucky and other investors to help Atlantic provide evidence in this regard.
trading4,Blu orca short seller report discloses:
“2. Other Mining License Purchased from Head of Ghana Olympic Committee
In addition to paying the son of a former parliamentary politician and current high-level political party functional with influence over mining licenses, Atlantic paid another high-level official in connection with its mine development.
Atlantic acquired the rights to another portion of its Ghana lithium project by acquiring a Ghana company, Barari DV Ghana Ltd. (“Barari”). The Barari area is adjacent to Joy Transporters' tenements. Similar to Joy Transporters, Barari appears to have been secretly owned by a high-level official. Specifically, Atlantic's Legal Report states that Barari is 10% owned by Ben Nunoo Mensah.
Source: August 2022 Atlantic Lithium Replacement Prospectus, Ex. 2 Legal Report
Our research shows that Ben Nunoo Mensah is the President of the Executive Board of the Ghana Olympic Committee. A former insurance executive, Mensah previously held various positions in Ghanaian sports organizations, which have historically been coveted government appointments.
Atlantic agreed to pay Mensah a valuable production royalty equal to 2% of net smelter return.6 According to Atlantic's pre-feasibility study, Mensah's royalty is valued at $47.5 million.7 Atlantic's payment and promise to pay the son of a politician cast a over the entire project and cast suspicion on payments to other officials in connection with the project, including tens of millions in royalty payments promised to the President of the Executive Board of Ghana Olympic Committee.
Ultimately, we believe that based on precedent in Ghana and around Africa, payments and promises of payments (exceeding tens of millions of dollars in royalties) to the son of a prominent politician creates a material risk that Ghana authorities will reject Atlantic's pending mining application license to mine lithium in Ghana”
You study it carefully.
Atlantic Institutional Shareholding Ratio:
Atlantic Shares in Issue 606m.
Significant Shareholders:
1. Assore International Holdings Limited
151,810,235, 25.06%
2. Piedmont Lithium Limited 56,880,000, 9.39%
3. DR Global Limited 30,199,184, 4.99%
4. Electrification and Decarbonization AIE
22,000,000, 3.63%
% Total 43.07%
Since the institution is the major shareholder of Atlantic, as long as the institution does not sell its holdings, the stock price is expected to fluctuate in the range of 22p-30p.
If any major institutional shareholders sell their shares, Atlantic shares will continue to slowly decline.
Papa, you hold Atlantic shares, you're locked in. You have already made a serious loss on your account. I suggest you keep a calm mind, don't panic, and design a stop loss operation plan based on Atlantic's existing fundamentals.
Papa, I'm a stock investor. I do in-depth research on publicly available information about stocks, which is what investors should be doing. It's not illegal. You don't scare me. I am very worried about the security of your fund account right now. Because the content of your post reflects that you are an emotional investor. Trading stocks is the most taboo to be emotional.
I post my comments just to remind investors to protect the safety of their capital accounts. In this comment area, there are many positive posts that ignore the facts. I think these positive posts are misleading investors.
Atlantic acquired 2 lithium mining companies, Joy Transporters and Barari DV Ghana Ltd.
blu orca alleges that the owner of Joy Transporters is the son of a senior politician, Johnson Asiedu Nketiah (General Mosquito) (chairman of the National Democratic Congress, one of the two major political parties in Ghana). At the time of the transaction, General Mosquito was not only a senior party member in the Ghanaian parliament and former chairman of the Minerals and Energy Committee, but also a well-known figure with special influence in Ghana's mining industry. Therefore, the acquisition of Joy Transporters is equivalent to bribery to Ghanaian government officials . Although the Ewoyaa project does not belong to Joy Transporters, but to Barari DV Ghana Ltd, both companies are under the jurisdiction of General Mosquito, and the acquirer is Atlantic. Therefore, if the result of the judicial investigation is bribery, then it is impossible for the mining license of the Ewoyaa project to be issued to Atlantic. This is common sense.
Lucky, please click on the MIIF twitter link below to see if there is such a message on MIIF twitter.
https://twitter.com/mineralsfundgh?s=21&t=212U5MHSNsjL4gdCpqdWGw
Lucky, there is no "Ghana Gov. Fund say Licenses are Legal" information you provided in MIIF's Twitter. This is a fake news.
https://twitter.com/mineralsfundgh?s=21&t=212U5MHSNsjL4gdCpqdWGw
March 9 Atlantic's response to blu orca short seller report was weak.
The short-seller report states that the owner of Joy Transporters is the son of a senior politician, Johnson Asiedu Nketiah (General Mosquito) (chairman of the National Democratic Congress, one of the two major political parties in Ghana). At the time of the transaction, General Mosquito was not only a senior party member in the Ghanaian parliament and former chairman of the Minerals and Energy Committee, but also a well-known figure with special influence in Ghana's mining industry. This is the point of the question! However , Atlantic did not respond accordingly to this crucial question.
The Exton Cubic case has nothing to do with Atlantic. However, it reminded investors that Ghanaian authorities have a history of revoking mining rights obtained through bribery of senior politicians and officials.
The blu orca short seller report mentions that a few years ago the Ghanaian Minister of Lands and Natural Resources revoked the mining lease granted by the previous government to the Exton Cubic Company, which was owned by the brother of the former President of Ghana. After a series of appeals, the Supreme Court of Ghana upheld the revocation of the mining lease.
http://www.faapa.info/blog/supreme-court-quashes-high-court-decision-on-exton-cubic/
Someone is able to find this tweet on MIIF's Twitter "(1/2) This is false. Atlantic Lithium obtained all exploratory licenses in accordance with the laws of Ghana. It remains the most important investor in the Lithium space in Ghana for which it holds six other licenses."?
https://twitter.com/mineralsfundgh?s=21&t=212U5MHSNsjL4gdCpqdWGw