Member Info for RamonM

Apologies, but I don't think it will reconvene on the 22nd. Ask chatgpt and it its answer will be that reconvenance has not been announced yet. Also, the speaker needs to give 7 day's notice, I haven't seen any announcement anywhere

Where did you see that the parliament is reconvening on the 22nd April, LilPeep? I couldn't find that anywhere

ThetaDecay, bear in mind that the article you posted is from Dec2023, not December 2024. This was political campaigning at its best

Also In Dec2023, the current president and at the time presidential candidate recognised that this was the best agreement the country could get based on the fact that ALL did all the exploration and development work

https://3news.com/featured/lithium-deal-mahama-explains-how-ghana-can-strike-better-bargaining-agreements-in-extractive-sector/

ThetaDecay, bear in mind that this article is from Dec2023, not December 2024. In itself, this was political campaigning at its best

In Dec2023, the current president and at the time presidential candidate recognised that this was the best agreement the country could get based on the fact that ALL did all the exploration and development work

https://3news.com/featured/lithium-deal-mahama-explains-how-ghana-can-strike-better-bargaining-agreements-in-extractive-sector/

5toamillion, the government could want this for themselves, but already has it bad enough with the ongoing dispute with Cassius Mining... I don't think they can afford to mess up again.

"The parties have also now agreed that the venue for the final hearing of the arbitration proceedings will

be at the Peace Palace in The Hague in the Netherlands. The date of the final hearing is scheduled for 15-

19 June 2026.

Background: On 23 December 2024, Cassius filed its full Memorial outlining its Claim against Ghana,

including witness statements and independent expert reports, specifying damages in the amount of ~USD

277 million (~AUD 443 million) as a consequence of Ghana’s breaches of contract and statute."

https://jusmundi.com/fr/document/pdf/other/en-cassius-mining-limited-v-the-government-of-the-republic-of-ghana-ii-press-release-of-cassius-mining-ltd-on-appointment-of-replacement-arbitrator-by-ghana-wednesday-19th-march-2025

Https://www.cnbcafrica.com/media/6371223264112/nrgi-ghanas-domestic-lithium-refining-plan-should-be-based-on-economic-feasibility/

One of the NRGI report authors has been interviewed in CNBC Africa :)

I find this invaluable, considering that various Ghanaian stakeholders and CSOs have called for an "unbiased" entity to conduct a study on the feasibility of establishing a chemical processing plant. Here it is, directly from one of their respected CSOs. Key messages from the NRGI study are outlined below for anyone who hasn't seen it yet:

• Ghana’s plan to refine its lithium domestically should be based on economic feasibility, market outlook and a rigorous

cost-benefit analysis.

• A Ghanaian refinery would currently face limited access to feedstock and high costs compared to global competitors,

particularly in China. Excess refining capacity in China and uncertainty about the growth of lithium chemical demand

outside China further compound these challenges.

• A refinery built in the next few years is unlikely to generate much benefit for Ghanaians. NRGI modeling suggests it could

cost the government at least USD 500 million in lost revenue, as the refinery would need to purchase Ghana’s concentrate

at below-market prices just to break even. It is also unlikely to create more than 200 direct jobs once operational, and

the stimulus for other sectors is uncertain. In contrast, the opportunity costs as well as environmental and social harms

could be considerable.

• The government would benefit from a mine-and-monitor approach instead: ensuring that the Ewoyaa mine starts as

soon as possible while supporting further lithium exploration, monitoring the evolution of global conditions for lithium

refining, and taking domestic steps to improve future refining prospects—such as developing a strategy for byproduct use.

• Transparency and citizen engagement in the decision making process are essential to building trust, managing expectations, and fostering a strong investment climate for future lithium refining

Link to the report below

https://resourcegovernance.org/sites/default/files/2025-04/refining_strategy_economics_lithium_value_addition_ghana_2025.pdf

Https://x.com/NRGInstitute/status/1907810324574540152

https://resourcegovernance.org/publications/refining-strategy-economics-lithium-value-addition-ghana

Hi StrummerJones,

I believe ratification should not be far off, between Apr and July (finally!). The new parliament has a clear majority and has passed the budget, so is now able to focus on other bills, laws, projects, etc. Keith Muller has been transparent about the positive interactions with the new Government and Minister, and there has been no negative feedback from the government or Parliament regarding the deal.

Post-ratification, the FID timing will likely depend on a significant rise in spodumene prices, which will impact on timeframes of MIIF investment, Piedmont financing, and offtake. Therefore, I anticipate it may take up to 12 months to reach a "shovel-ready" status. This is why measures were taken to reduce cash burn, ensuring survival without additional fundraising over the next 18-24 months. The project will proceed, but it will take longer than initially hoped and expected.

Hi StrummerJones, I think that ratification should not be far off , between Apr and Jul(finally!). The new parliament has a clear majority, they have got budget out of the way, Keith Muller has been very clear on how the dealings with the new Government and with the new Minister have been going, and there has been no negative feedback regarding the deal from anybody in the government or in the Parliament.

Following the ratification step, I think the FID timing will depend very much of a decent rise on the spodumene price, which will have an impact on MIIF investment, Piedmont financing and offtake. So I am resignated to the fact that it will take anything up to 12 months to get in a position where we say that we are shovel ready. I think that is why decisions were made to reduce the cash burn to survive without a further cash raise in the next 18-24. It will get build, but will take a bit longer than we hoped and expected for

Seriously, 5toamillion, check Keith Muller interview with Rock Stock. At current cash burn there is no need to raise capital in the next two years, his expectation for the ratification is for parliament Apr window of return (ie BTW Apr-Jul) and MIIF is still getting to grips with their own team. Be a FUD, but at least get yourself up to date!

As per KM interview on the Rock Stock channel, ALL is currently burning $350-400k per month, current capital to last approx. 2 years

His answer was based on the fact that he didn't expect ratification to be discussed in the Jan-March parliament, as much of this sitting would be taken up by the budget discussions

Lil Peep, I was just listening to KM interview on the Rock Stock Channel, if you listen closely he states that he expects ratification "April return window", not April

It wouldn't make much sense if the new government was not willing to work with ALL to show their support in conferences and come out saying that they are working with ALL. Unfortunately, Africans are incompetent in general and have a different perception of what is to do things right - whereas to the West to do things right is to do things effectively in fast, in Africa to do things right is to mull over things for a long time, thinking they will be appreciated for it. At some point, the Government will have to realise that slow as turtle won't win them the race

5toamillion, if this share is dead in the water, what are you still doing here, why are you still so interested in being here then? Don't you have anything more interesting to do?

I am confused LIlPeep - are the results being issued on the 30th April?

Teddy, what is your thought process behind for the blowing up scenario? They need the bloody project

I agree Teddy, they are working harder and being a lot more effective. But it is still taking ages!

It was expected, they always have a recess period at the end of March, and usually restarting in early May