Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
I would like to think things will become clearer if and when we get ratification of the ML.. presumably that is what Piedmont will be waiting for before committing the necessary funding as per their agreement..we would also have investment from MIIF if the above falls into place and more info about preferred offtake partner for the unencumbered spod..if all that happens in the next 3 to 4 months I cannot see how we will not be higher than where we are at the mo sp wise but there are a number of ifs and buts one of which may involve Assore having another go..I just wonder how much they would have to put on the table for the BOD to put it to shareholders..of course if they do not put any further offer to shareholders if it is not enough then they may go hostile but I would like to think that unlikely
I think Piedmonts stake is a bit of a red herring in the grand scheme of things..lets be honest they let a chunk of it go the other day to Assore for a very small profit but mainly because they wanted the funds..obviously their main focus is on their entitlement to 50% of the spodumene !!
Lol have to laugh a little at that one swest..you have been a little borderline negative in previous weeks and now if someone decides to sell they must need the money ..maybe they are just deciding it is the right decision given the market at the mo ? I remember not that long ago selling some in the late 50 and early 60 p region and some were saying absolute madness for selling..lots of different reasons !!
Gaias I would assume that not much changes for Piedmont ..they carry on with their financial commitment and if Assore were to take over Atlantic a listing in some shape or form would be able to be implemented..it is after all the Ewoyaa project that the Ghanaians would want to be investing in..maybe not as simple as that but I do not think it is as big a hurdle as you would think
I agree swest with your take on the current situation..out of interest I wonder what price the sp woukd have to be oitched at for the BOD to feel it warrants putting it to shareholders..ckearly in excess of 33p
Sometimes it is a good enough reason to hold a share if you think a bid is possible but not necessarily the best one to buy just in the hope one may be forthcoming especially given the turmoil in the spod market at the mo..as an aside commentators have been predicting a bid for solgold for years and that has left many very fed up with that investment
Not going to lie I think it is coming ..just the timing is not in our favour and we are low hanging cheap fruit if you are looking at the longer term..Assore have just picked up the stake from Piedmont at 8p a share less than what they were offering just recently..the squeeze is on generally around the globe and I don't think there is much we can do about it..if we were a year further down the road ..ratification investment from MIIF and all the rest it would be much different but I think we are going to get snarled...unfortunately !!
They have agreed to sell which does not necessarily mean the transaction has been completed at this time..besides which they still have time to report to the market after the deal has been done
Piedmont are financing their contribution to the Ewoyaa project through the sale of spodumene concentrate from their offtake with Sayonas North American project..I guess swest was expressing concerns over pricing and viability..i have not researched enough to know their financials
I agree swest , ratification is the consent for mining and without it you have no mining lease ..lots of people being vocal and unsurprisingly being election year albeit not until December it is being made a subject of contention with threats of it being overturned by an incoming opposition party..the voting members are equally balanced at the moment so lets hope it is ratified and the existing ruling Patriotic party are returned as winners !