The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
I don't think I was mistaken about the discussion and the committee pressing MIIF for a list of the experts advising on the investment..I will go back and listen again
Sorry been out for the evening..yes the committee were discussing items from an earlier period but I thought the MIIF discussion was relevant and recent..it starts at 42 mins of 1:24 at facebook.com/watch/live?ref=external&v=36439206589
If I am mistaken that it is not relevant I apologise but certainly no agenda Range_Rover..it is my biggest investment !!
Wish I hadn't now lol
No link I was watching it live !
Apparently review of the investment called by the president..arguably should be an RNS maybe ?
MIIF currently discussing the process of making the investment in Atlantic
No reasons given at the moment
The above is currently sitting and discussing MIIF investment in Atlantic..apparently the investment is on hold at the mo !!
Unfortunately swest many of those whom protest on environmental issues would probably never give a second thought to the financial implications ..let us just hope that we get ML ratified this quarter and we can move on apace as we are walking in treacle until then !
If we succumbed to a bid now regrettably 50p would be acceptable but hopefully we get through the next 6 to 8 months with ML ratification , financing from Piedmont without any hiccups and MIIF fully on board with another offtake partner agreed and all necessary long lead items on order we would be well on our way to production..with no outstanding debt and probably a growing resource with the spod price rebounding to a more rosy looking range the potential for dividends and a much greater sp than 50p would be on the cards
I think the potential offtake of the 50% unencumbered spod was somewhere between 75 and 100 so probably woukd not bank on the higher amount at the mo
I hope Neil is right but I would not take anything for granted !
Mick88 I think you are sort of missing the point..I started the thread off to suggest why we are so lowly rated plus the general market malaise in the lithium sphere..hopefully all goes well and timescales are not missed but as Keith alluded to in the presentation there has already been a little bit of slippage which they can get back but if and only if Piedmont struggled to meet deadlines and believe me these things can be drawn out there could be further delays..hopefully not but we were given the heads up from Neil there could be trouble ahead but I am sure they will deal with whatever is thrown at them
I agree wholeheartedly gaias ..to be honest i am looking 3 years down the road and although a bid would spike the sp , nowhere near enough if not a hostile battle..i would rather wait and see how it pans out
PD101 ..I do know all of that but for some of the reasons i have stated that is why we are valued in this lower range ..each piece of news can change our valuation but until that happens ( eg we may not get another bid ) we will probably stay down here if not a tad lower !
Before I rattle a few cages I am heavily invested here but just wanted to add a touch of realism here..there are a number of newsflow items coming up that hopefully when announced when they get them over the line will have a positive effect on the sp but my subject title is reflected in the fact that at the moment until we get ratification there is no mining ..if there is any delay in getting it that has a knock on effect and markets do not like delays..fingers crossed and it all gets voted through then great that is one huge hurdle cleared..the next one is financing..yes I know where all the funds are coming from but until they are in the bag that is the next obstacle to clear..there is so much potential here but fair current value is not 80p upwards until the picture becomes much clearer
Piedmont are in a little bit of a bind as Sayona have a review ongoing with regards to NAL the only producer of lithium in NA ..they have been laying off staff and in fact I think their COO so there could be a little more than a headwind there !!
It may have been covered but it would lead to delays in funding and probably push back production start date as you can see from the time taken to select offtake for the other 50% is quite a long drawn out process..lots of ifs and buts and the market does not like that it wants certainty !!
I think there are still more fundamental issues weighing on the sp ..obviously the main one being ratification and then are there going to be any funding worries with Piedmont