Member Info for RamonM

....the NDC can have...

Something that puzzles me is what kind of negotiation/bargaining power the NDC can one of the main sources of jobs is galamsey (illegal mining)?

If the government are demanding even higher royalties, demanding higher funds for local development, demanding higher environmental accountability to a few business whilst all illegal mining pays 0 taxes, 0 royalties and pays 0 attention to the environment, what will happen,? Making demands on a limited few and letting the majority run riot?

Doesn't bode well at all if you want more external investment in mining

From that perspective I think the NDC/government haven't got much room to demand more - surely they are aware of that?

Just a reminder of the bipolarity disorder in the NCC

https://www.ghanaweb.com/GhanaHomePage/NewsArchive/Mahama-woos-Canadian-investors-to-Ghana-rsquo-s-lithium-sector-1867178

The new president asking Canadian investors to invest in the Ghana lithium sector (in Oct23, right after ML)

Another terrific day in Primary School, with plenty of playground time. My 7-year old works harder than a Ghanaian MP

5toamillion, bauxite wasn't on the list as well

See in January. The Speaker has set a list of priority items to be dealt at the Parliament in December. Ratification is not one of them. Check the live parliament session

Elcobbledore, Atlantic Lithium is a company registered in Australia, UK regulations don't apply to Aussie companies.....

Last year, they've done plenty of overtime to get everything done before Xmas! It's the typical leaving everything to the eleventh hour mentality. 🙄

Https://www.ghanaweb.com/GhanaHomePage/NewsArchive/Speaker-announces-venue-for-Parliament-on-Monday-1963781

TBH, I don't have a clue how it will play out next week in parliament:

1. As far as I am aware, next week's parliament recall will be based on the previous parliament (so NPP being the working majority)

2. Number of MPs that will turn up next week (given that come January there will be a new parliament in place) - will there be enough people to form a quorum, pass laws, bills, etc?

3. Number of days of the recall - Is it just 2 days or an entire week to run through the entire list of items considered important by the NPP?

4. NDCs real intentions - Now that NDC has won the election, will they be really that bothered to bargain for a better deal with ALL (knowing that this is as good as it gets and getting more greedy can have detrimental impacts to the country)? The NDC have nothing else to gain from pretending they are against the deal in its current form

I think ratification could happen next week, but it is still too early to call

@elcobbledore, as ALL is an Australian based company, I don't think the UK takeover regulations apply

Https://www.ghanaweb.com/GhanaHomePage/NewsArchive/Speaker-Bagbin-recalls-Parliament-1962397

Yes, Neil and Amanda were once again sub-standard with their over-optimistic take on the offtake agreement - another case of over promise and under deliver.

Nevertheless, we need to bear in mind that Piedmont/whatever they are called now will be responsible for funding the first $70m of the project, it's not if ALL needs the money overnight.

So ALL wanted $75-100m for the offtake? Are they being offered $50-60m for the offtake? When the cash is needed to fund their part of the agreement I have no doubt they will have to come up with a solution (other than stall the project). After all the statement mentions the following:

.

"Notwithstanding ratification of the Mining Lease, the year ahead presents itself as a hugely important period for the Company. Key milestones include achieving FID, the completion of remaining operational activities required to achieve shovel-readiness, the award of key Project contracts and breaking ground itself.

Jack B14, yes yes we know you don't see any value in ALL and you'll gladly take a buy out for less than 30p. We already heard your narrative 122 times...

Atlantic Lithium educates community stakeholders on mineral royalties and ground rent

https://metrotvonline.com/atlantic-lithium-educates-community-stakeholders-on-mineral-royalties-and-ground-rent/

Longterm, I'm not in the telegram group anymore (i have left a few months ago), but there were/are some really knowledgeable chaps over there, a few of them researched ALL inside out and attend any conferences where they can discuss personally with the BOD (I quit because of the ongoing angry tone of some people), and I can't recall the particular discussion you referred to (however over a year ago the comments were, my friend works in Ghana mining, the political parties all work together etc. etc. that’s how I know that won’t be an issue); I do remember some discussions about how the different MPs could vote (based on how their constituencies could benefit, and not only based on the party they represented)

Was that on the telegram group?

What is your rationale, Longterm?

I was referring to outstanding areas related to Ghana itself, apologies for the confusion. As far i am aware there arent any additional regulatory approvals outstanding, I don't know what they are talking about, do you?

Ongoing design work, fair enough, until FID that is work in progress

Prevailing market conditions - agreed, although parity of costs between ICE and EVs should be reached in 2027

Financing - development remains subject to this aspect, without a doubt

Looking forward to the AGM, we need some good news

From a local perspective there is the ML, EPA, Mine operating permit, miif investment, trading at GSE in favour of the project are NPP, Minerals commission, MIIF, GSE and local chiefs. The only Outstanding bit is the ratification which should have been the tick in the box confirming that everything else was in place. Surely this has not been easy to get but ir will have to come in the near term .

That was early last week mick88!