Member Info for RamonM

sweet 42, not2sure, i also recall km stating that the renegotiation had been completed. from there would be a matter of going through different government stakeholders until it gets to parliament for ratification. what is ******* me off is that there was no info since that time. however, i am pretty sure that the new investor/financier would not invest without some sort of guarantees on the renegotiation?

i seriously cannot wait for this ****show to end.

Https://www.google.com/amp/s/www.modernghana.com/news/1438085/ghanas-lithium-future-on-hold-two-years-of-delay.amp

Parliament will reconvene on the 14th October

https://mobile.ghanaweb.com/GhanaHomePage/NewsArchive/Here-is-when-Parliament-will-resume-sitting-2002865

Hi Chislehurst, does the interview mentions ALL specifically? If so, when?

Not2sure, the proposals need to be approved by the Cabinet also before reaching Parliament .

The same thing has happened with the mining lease and the current terms - they were approved by the cabinet prior to the mining lease issue, and the shareholders were not made aware of terms prior to the mining lease

My main concern is trust. Despite Ghana being promoted as a strong investment destination, I’ve found the authorities lacking in reliability and ability to follow-through. This makes me hesitant to invest further in ALL. Does anyone think differently, ie, is it really this time that this is ratified?

Can see how this might attract further external investment. Could this eventually give us the leverage to tell Piedmont/Sayona: either proceed with your investment now, or step aside and let others do so?

This is a great insight to the strategy behind this.

https://discoveryalert.com.au/news/atlantic-lithium-28m-equity-funding-ewoyaa-project-2025/

Https://onuaonline.com/western-regional-minister-champions-global-investment-in-ghanas-critical-minerals/

Https://mobile.ghanaweb.com/GhanaHomePage/NewsArchive/Minerals-Commission-boss-reassigned-to-Lands-Ministry-Report-1998039

Martin has been a terrific advocate for ALL

I've been giving further thought to the ongoing negotiations around the new terms agreement. One option already discussed is the variable royalty scale tied to spodumene pricing; what if this potentially ranged from 5% to 12.5%? At the upper end, a 12.5% royalty would generate 25% more revenue than the current fixed 10% rate, assuming high spodumene prices.

This structure could offer a more compelling proposition to the Ghanaian government, parliament, and public, aligning shared benefits with market conditions. After all, during periods of high spodumene prices, it may be wiser to share more of the upside rather than risk resistance or delays during the ratification process.

I appreciate everyone’s perspective, though I don’t entirely agree. In my view, negotiating might have been the most prudent course of action. While spodumene prices are currently rising, there’s no guarantee they won’t decline over the next few months, potentially rendering Ewoyaa unviable again.

For instance, if the price drops to $600/MT in three years, would operations cease entirely, sending 1,000 employees home without pay? That scenario highlights the importance of long-term planning.

I believe Keith is aiming for an AISC of around $500/MT for the life of mine, which is a significant achievement and shouldn’t be overlooked. Assuming higher spodumene prices, royalties could reach 10% or more. The more profitable the project, the greater the tax revenue Ghana stands to gain.

Overall, I don’t think Ghana would be worse off. At lower prices, the returns would naturally be smaller, but if prices remain high, the country could benefit from substantial revenue.

I've been running some numbers based on the latest presentations. Keith appears to be targeting an AISC of around $550/MT for SC6 from Ewoyaa, as presented in late 2024 and early 2025. He’s still actively pursuing cost reductions, and I believe the aim is to bring the project's lifetime average AISC closer to $500/MT—including ongoing discussions with the government to revisit the existing agreement. As for the royalty structure, I imagine a sliding scale could look something like this: 5% if SC6 is below $600/MT, 6% below $700, 7% below $800, 8% below $900, 9% below $1000, and 10% for anything above $1000/MT.

Any thoughts?

I would love to know what the new operating costs will look like. Any thoughts?

"Project Optimisation

Additional work, comprising a series of cost-benefit analyses and process comparisons, is being undertaken to identify and implement further optimisations to the Project's design and engineering. The work is focused on maintaining a technically sound and capital-efficient operation whilst reducing operating costs and the Project's peak funding requirement to support the development of the Project, ensuring it remains resilient in a lower commodity price environment and that is also positioned to capitalise on future commodity price recoveries and events of positive commodity price volatility."

The background to both situations is s very different one. On the bauxite lease, the party was selected to carry out a joint venture with a public entity. ALL is entitled by the Ghanaian law to develop the mine if they wish to do so, as it made the discovery

Rocksure had been selected in 2021 to develop Nyinahin as a joint venture with the Ghana Integrated Aluminium Development Corporation, or GIADEC. The agreement

The lithium project will create over 1,000 jobs... - Prince Kojo Arhin (MP, Mfantseman)

https://www.facebook.com/ghonetv/photos/the-lithium-project-will-create-over-1000-jobs-prince-kojo-arhin-mp-mfantsemangh/1226816589490359/?_rdr

According to the Proactive update from the 13th June, fiscal discussions have concluded.

"The company told investors that securing the ratification of its mining lease for the Ewoyaa Lithium Project is currently its highest priority. It has already obtained environmental and mine operating permits. Fiscal discussions with the Ghanaian government have concluded, and a revised lease is expected to be reviewed in Parliament before the end of August."

https://www.proactiveinvestors.com.au/companies/news/1072913/atlantic-lithium-cuts-costs-eyes-market-rebound-1072913.html

I found the update both useful and grounded. The minister has Cabinet approval to review the agreement. The sliding scale of royalties has been reviewed with ALL and now awaits Cabinet approval before being presented to Parliament for ratification—though this may involve several iterations. Unfortunately, progress is slow as in any African country!

Where did you find that Aaargh?