The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
PLL has announced this morning that it’s received its all-important mining approval for the Carolina lithium project in North Carolina.
“We plan to develop Carolina Lithium as one of the lowest cost, most sustainable lithium hydroxide operations in the world, and as a critical part of the American electric vehicle supply chain,” PLL boss Keith Phillips says.
“The project is expected to contribute billions of dollars of economic output and several hundred jobs to Gaston County and North Carolina’s growing electrification economy.”
In mid February, the lithium big gun hit the news after it announced the sell-off of its shares in Canadian lithium producer Sayona Mining (ASX:SYA), which has been smashed this year so far, down 46% YTD.
PLL said at the time that the decision to divest the SYA shares aligned with its commitment to “maintain a prudent balance sheet while simultaneously minimising dilution of PLL shareholders”.
This should help our share price today. 20p anyone?
On very low volume...maybe someone knows something and is very careful (Ha ha)
Atlantic Lithium Limited (ALLIF)
Other OTC - Other OTC Delayed price. Currency in USD
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0.2791+0.0691 (+32.90%)
At close: 01:54PM EDT
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1D5D1M6MYTD1Y5YMaxFull screen
Trade prices are not sourced from all markets
Previous close 0.2100
Open 0.2456
Bid N/A x N/A
Ask N/A x N/A
Day's range 0.2456 - 0.2791
52-week range 0.2032 - 0.4818
Volume 2,103
Avg. volume 22,149
Market cap 182.639M
Beta (5Y monthly) -0.02
PE ratio (TTM) N/A
EPS (TTM) -0.0200
Earnings date N/A
Forward dividend & yield N/A (N/A)
Ex-dividend date N/A
1y target est N/A
There are still a few boxes which are not ticked. Once we see any of those ticks, share price will look after itself. Ghana interested parties, MM, Assore or any other predetor will try to keep share price at these levels for as long as possible. Patience is a difficult thing, if one thinks ALL should pop any minute. GL
Right now I am holding 3 companies with their main focus doing business in Africa. Firefinch FFX, mining gold in Mali got shafted by everybody in involved. Invictus IVZ is haggling with Gov over a product sharing agreement. And with ALL, although being in a much safer African jurisdiction, I am now reminded that is still Africa. How long did it take to receive first dollars from MIIF. And now ratification takes longer than anticipated. Ghana stock market listing still not finalised. Maybe we are not patient enough, but looking at my 2 other stocks, once you are between a rock and a hard place, it's difficult to get out of there.
That's why I wish we we would get the ML ratification soon.
Would be a great time to release news soon. Anyway, you can only release news if you got news.
For a while there has been a gap
of up to 10% between A11 and ALL.
There are always big sell orders hammering the share price on the ASX. I don't think we will trade much below 20p today, ASX closed for Australia day tomorrow.
From Ghana's perspective. it would make sense that MIIF invests before ML will be issued.
Listening to NH's interview (great interview btw) this could actually be pretty soon, followed by the ML issue by the end of the month. Why not choose the Africa Down Under stage in Perth to announce investment this week.
Totally agree @Swest.
KM is a top asset and he seems to be worth every cent (PR). The news will keep coming.
Len is back what he does best.
Seismic, drilling results, offtake, ML, senior appointments, MIIF.
What I really liked was how flexible ALL will be. Depending on market, there is not only a Plan A. There seem to be different scenarios possible.
We are in good hands and I feel quite comfortable.