Member Info for Yanis2005

MRbobbybee, the link doesn’t work.

Normally works if you hit the space bar or enter key after pasting it.

Angus should have been contacting the EA every week during the last month or so, but have they? Should be giving the EA a push - emphasising how critical this is to the survival of the company.

Just think of what would happen if 1st gas is delayed until well after the hedge kicks in! Angus cannot afford to sit on their hands and wait for the EA to get in gear!

ED, I think GL knows that 1st gas by end-Feb is not possible but has not updated this prediction because I think he cannot. It depends on EA approval and when will that come?

I think he will blame any extra delays on EA approval coming late.

So fingers crossed for EA approval this month.

Compoundinterest, I agree 100%. Even if CC has tons of options she should buy some shares to boost sentiment and repair some of this damage.

I will be more than happy to see 1st gas by end of March.

With equipment arriving in the middle of February, 1 st gas by end of February is impossible.

ED, in my opinion, for this size plant, 4 to 6 weeks after the last piece of equipment is delivered should be adequate for mechanical completion and overall commissioning.

I expect them to throw as many bodies as possible on this and work 24-7 (if allowed) during this period because extra money spent will be insignificant compared to extra money received due to earlier revenue generation.

The TU came late, after the SP back was broken (i.e. the very strong support at 2.80p/3.00p). Now the weight on the SP has substantially increased and the SP is only back to where it was 10 days ago (time of last years TU).

Also, looks like is going to take substantial news now to lift the SP above 3.00p. In my opinion if there are no other news the SP will drift back down again until next update and see from there.

I wish they issued the TU as per timeline template set last year, or at least issue an RNS at end of November saying that they intent to issue a mini-TU in Dec.

It is obvious that this TU was issued in response to the SP decline - next TU is less than 3 weeks away!

This is a slip in my opinion, CC needs to up her game and look after shareholder value (value of the SP).

ED/Taverham, pushing 1st gas back to May is not good. Angus needs to get as much revenue as possible before the hedge kicks in to strengthen their financial position and take the placings worry away for now.

In my opinion as long as Civil Works start by early January, Angus can still meet 1st gas by end of March. I also think that Angus is waiting for EA approval before Civil Works really kick in. Fingers crossed EA approval soon.

This week better be the week we get EA approval … else is going to be more pain as dates will very likely slip.

A pity this TU wasn’t announced 10 days earlier, to follow on from last year, before the SP dropped to 2.50p on relatively heavy volume. Now let’s hope those that bought those shares hold them for bigger gains rather than a 10-20% swing.

600,521 share sell at 1.025p … FFS

Somebody wake up those zombies please.

The 9 companies will be selected by YLB in 2022:

YLB seeks a profit of more than 51% from the extraction of lithium
24 Oct 2021

https://www.lostiempos.com/actualidad/economia/20211024/ylb-busca-ganancia-superior-al-51-extraccion-del-litio

In 2022, Yacimientos de Litio Bolivianos (YLB) will choose the international companies with which it will establish partnerships to implement direct lithium extraction technology (EDL). The state company will seek to have a 51 percent profit, at least.

"We are going to incorporate technologists or companies that want to invest to develop the industrialization of lithium, as long as they respect our sovereignty, we must maintain at least 51 percent of profits from the exploitation of our resources," said the Deputy Minister of High Energy Technologies, Álvaro Arnez.

In April, the call was launched for foreign companies to apply pilot tests with the implementation of the EDL in the Uyuni and Pastos Grandes salt flats, in Potosí, and Coipasa, in Oruro.

YLB will select companies that exceed the requested performance, including lower cost and lower environmental impact, to establish partnerships and begin working on the application of this technology tool from the second half of 2022, the report adds.

“The lithium carbonate industrial plant in Uyuni is currently under construction and we expect it to start operations at the end of 2022. What we want is that from this work we can immediately build another plant for the large-scale production of cathodes and batteries. ", advertisement.

Arnez pointed out that by 2024 there would be the production of lithium ion batteries on an industrial scale.

YLB generated revenues of 128 million Bolivianos between January and September of this year from the sale of potassium chloride and lithium carbonate.

Fingers crossed BV.

EA approval is still key in my opinion and if Angus doesn’t start the Civil Works until EA approval is obtained then we could be in for some more pain if approval doesn’t’ come this month. Hopefully it will.

EchDelta, I agree with that. The SP should shoot up and rerate begun as soon as EA approval is announced.

I have no doubts that EA approval will be given, the only question mark is when. I hope EA are on the ball and working as efficiently as they should. Angus should be chasing them for a decision, keep reminding them every few days.

I do not believe that any PIs will be selling now. Yes, there maybe the odd one but IMO nearly all PIs are holding and very likely adding.

Shares sold now are placing shares and looking at volumes they are as good as gone. Yes, there is a good chance of the Ask dropping to 0.65p and that’s about it. Any news and the SP is off. Hopefully EA approval this week.

BV, I would love to bring my average lower, but no spare cash at the moment. I am waiting for some cash to arrive but the SP may not stay at this level for too long. Either way, I have £90k riding on this one.

If I had spare cash I would definitely add. Last top up a few days ago was at 1.04p lol.

EchDelta, I think we agree on this one - we need the EA permit pronto.

But is no guarantee that these guys, government employees, will be working at full efficiency now. Look at those in the DVLA - working from home and nothing gets done.

SelfishMcNimby,

The MMs could drop the Ask to 1.15p, but it is still the same conclusion - more shares available for sale than people want to buy, to put it simply more sellers than buyers.

This means the SP is under pressure to drop yet further down.

This means positive market sentiment is non-existent, is zero, zilch, nada, dead!

Thanks BOD!

EchDelta, the variation to the existing EA permit is indeed relatively simple.

Yes there is processing, but processing at SFB already exists - 3-phase separation is already happening at SFB.

In fact Angus will modify, recertify and reuse the existing separator. Processing at SFB will be expanded, but is not new.