Member Info for swest42

Just drifting down yet again giving back all those recent gains

sad to see

I think it was Bankrupt has said hes reduced his position here, one couldn't argue for anyone doing that presently

difficult decision for many what to do. Personally I'm not topping up anymore until I see some clouds part - spot price / market outlook, ratification, 2 central factors, plus renumeration I said my bit. Good luck all whatever you choose

Totally agree, Mr Junipor recognises that investment has no borders, it will settle where it sees the best and safest return

Th Ghanian opposing benches should take careful note

If they don't play straight, they may end up with years to 'repent at leisure' ... and the prised resource will stay firmly where its always been

Thanks for feedback read with interest.

Bottom line, the door is there for all of us and I haven't used it despite my concerns on salaries.

Ratification appears to be the key. So we wait. Good luck.

One thing that doesn't really stack up with raising what is relatively small amounts of money, is that remuneration.

We are a relatively small company, pre revenue.

NH is on 945k I believe. Be honest, doesn't stack does it?

Post revenue, different storey. I stay and thats my cross to bear, but the remuneration doesn't sit right with me, and raising tends to 'amplify' the issue of how much is just going on the wage bill not drilling.

Outstanding ratification is harming the 'authenticity' of the ML. Everyone sat round a table and signed something.

There is a very unwelcome 'haziness' emerging.

It seems to me we are treated viciously by the market

We receive an immediate SP hair cut due to a small raise

Conversely, we add feldspar, clearly value accreditive, and next to no rerate

We're as good as fully funded, one wouldn't think so looking at SP; saw BO off, never got back to 36 since, fell on ML day, it goes on and on.

Like us all, I know I could sell or stay and I stay, but its hard to fathom sometimes.

Personally I feel a piece of armour has just been bolted to the Company chassis, I think I heard NH there tightening on the last bolt. 'Just in case' armour.

But maybe I'm cynical

I happen to think floor is somewhere in, its a lo floor though, which does us no harm actually we are splendidly lo cost

Its the politicians that concern (me) right now. They keep 'dabbling' round the edges

All those old fables spring to mind .. kill the goose, bite the hand, bird in hand ..

Its a terrific deal for GH, why even the 'debate' ? 'Nefarious' reasons as stated below, maybe, who knows

Govt GH,

was the ML granted or not, ?

Get on and ratify then

If you do not, then future MLs will become irrelevant overnite, and there won't be a GH Li industry. They play with fire. Africa, I dunno sometimes ..

I think the spot price also weighs heavy on the market and our SP presently, even though we're cycle(s) away from current spot

Yep. Significant. The US have learnt to get in early and keep China out. On a worldwide critical minerals level level some would say belatedly. This is catch up.

Tis clear they want want in on Ghana, they want a secure national supply. They do not want to rely in China.

Would have known all this was coming.

That 33p looking cheekier with each passing week.

If that had gone through it would have been the deal of the decade for them.

A particularly well timed news release given the current lo price spod climate we find ourselves in.

With spod price down here, costs will be furiously pressured, and those who cannot make the numbers stack will stop and exit. High cost producers will already have read the writing on the wall.

Market takes no prisoners. As for us, simply keep going and execute the plan.

PS looks to me like theres 2 spod prices might emerge given the China supply grade and quality is becoming questionable - 'ESG SC6 grade' and 'SC6 ESG IRA inadmissible to western OEMs grade'. Just my thoughts on that

Keep an eye on that new Renault 5 EV, its a bit retro, bit of a head turner, it's what the market needs, add Tesla2 soon. I think these smaller cheaper offerings could be transformative. Big EQ mercs, Taycañs and the like are great, but they are niche, BYD Seagull another

'potential exit of high-cost mines'

Hope so, leaving only the remaining lo cost ones to serve a burgeoning market ... if you know any near term lo capex ones ones coming through ..

We are blue on a very red day. It's hard to assimilate the market presently. Spot just keeps dropping. Tin hats. We rejected 33p, rightly. Confusing thematics.

Some predicting 800 / t next year then a recovery.

That's getting near the knuckle, many will be well out the game at that level. Frankly we'll only be just in it. Pretty startling falls, if it happens. As ever, jury out, theres competing narratives and data.

A pound is my personal minimum to consider, and rightly or wrongly I'm actually not that comfortable even taking that, if it ever got offered

Many would say thats high considering we're heading for a possible spod environment of $1,250/ton.

But, we can thrive at that, many many producers sink without trace at 1250. Its the cost base thats makes it here.

So much upside potential

Assore wanted all of this for 33p ... nice if u can get it

Very encouraging indeed.

I think its probably a good thing we're building not producing next year.

Along with fundamentals quoted by Mike, I think its a positive to be able function at 1200 per ton, as many will and cannot do that.

Med long term price outlook imo 1200 - 3000. So it appears we're good here.