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I would say that generally nothing would shock me on the stock market but ALL sp ending up down on the day they announce granting of the ML that really is a unthinkable outcome for me..personally I think a return to the 30s and staying there after bumping a bit higher on the news would be acceptable prior to further announcements how we advance things to production
Problems with the Ghana central bank were flagged up some time ago and does undermine confidence ..what they really need at this moment in time is a lithium mine going into production employing lots of locals and contributing to the local economy !!
Unhooked .. a case of playing ball . We need the Ghanaians onside with us and recent press articles outlining African countries wanting to benefit a little bit more than in the past from their mineral resources is completely understandable..I am sure most lth's can live with that considering we have only scratched the surface the possibility of ALL sitting on an enormous resource is quite likely with many rewards for all stakeholders for years to come
Hilarious RKB ..so you felt it necessary to come on ALL a share which you are not invested in to recommend selling it because someone else has got on your nerves , who incidentally was not exactly over the moon with current situation at ALL at the mo ..what do you think you are trying to achieve other than be a pest which is rather apt considering your moniker..I would suggest this board is very well researched and really do not need any help , certainly not from someone who has no interest !
Without a doubt the Ghanaians absolutely knew the price would come back whilst the negotiations were ongoing and ML not granted..free carry I would expect to be more than 10% and hopefully less than 20 but the stockmarket never fails to throw in a curveball every now and then !
A couple of uncertainties that the market does not like ..clearly there is a lot of negotiating going on over at what price the MIIF are investing at and secondly what percentage of free carry will Ghana want which is probably more important..it was reported that the current rate was 6% and the government were considering raising it to 10% but as we know the DFS allowed for 10% and the unknown is what will the increase be from that
I think you have been over thinking things recently swest..to be honest it has been well flagged by Ghana and many other African countries the need to retain more of the rewards for their minerals..Ghana is just getting their house in order ..yes it may cost a bit more in tax or royalty but the resource means too much to all to have any deal breakers..piedmont confirmed as expected and ml to follow
Inevitable pull back after recent drop and 20 % rise as many take a small profit..ALL has offered up a few good trading opportunities ..probably will not get any real sustained rise until Piedmont unveil their next move and of course ML
I think the market was initially rattled by the publication of the new mining policy but if you look at the bigger picture with so much of the lithium resource untapped paying more in taxes is not really going to detract from what is recognized as a best in class deposit/discovery.
I also think that now the new policies have been outlined the Ghanaians will want to push forward and add more clarity and that will be made known to us once the company is able to divulge the outcome of recent negotiations.. I am optimistic that Piedmont will signal their intention to finance the next stage which we should hear about very soon
A bit of an irony bakuraku having a little dig at people on this forum accusing them of having predetermined opinions but is that not your position on director buys..if it is not it certainly comes across that way..think it might be worth pointing out that of course there are only certain windows of opportunity for Director purchases which often means that they will not be able to purchase at the best prices..just saying
Only pop in every now and then to see how the demise of my old MOS is doing..I knew i should not have got involved again but hey ..just seen Toffeeman mention Star Trekkin which made me laugh as my mates dad did that although I think my mate was slightly embarrassed to admit that !
Anybody who buys shares including the Directors is never always going to buy and get the price right all the time otherwise we would all be very wealthy ..I think the more important point was that if they were indeed aware of any news that was going to send the share price spiralling down they would be a little bit silly chucking loads of money at it ! And I am sure they are not..ps that price of 49 and 47 I believe was Australian dollars which would equate to about 27 p ish !!