Member Info for Not2sure

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

Is that a play on words dangler ?

Don't get too excited Adam Sound were once pleased to announce a duster !!

About 125 000 sterling difference !!!

He did not say £260k ..minor point !!

Yes that was the figure that Amanda quoted long before the offtake process started and appears they have not deviated from that

Always makes me laugh when we have these engagements from the company..no bad news and the price goes down ! Lol

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

Just for the record if Piedmont fail at stage 3 of the agreement to fund their share capex then they forfeit stage 2 already financed

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 !!

My IPA ..as far as I am aware Assore still have 2 directors on the Atlantic board ..Kieran Daly and Christelle van de Merwe with Holly Waldeck filling in for Daly when he is unavailable

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