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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Atlantic Lithium Limited | ALL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.80 | -3.94% | 19.50 | 16:35:20 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 19.36 | 19.36 | 19.36 | 19.50 | 20.30 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 26/3/2024 17:41 by lurker5 Management are right to be excited about 'the Eowaa project' - their bonny baby. But there is deafening silence about the share of its profits that ALL shareholders will see. For one, a 15% 'free carry' is pretty onerous. It will take away more than 15% of the NPV shareholders will see. On top will be the cost of any off-take deal. So far, by shouldering 38% of the capex, shareholders can expect 38% of the net profit after the free carry. But if ALL can only meet that cost by selling an offtake in advance (a stream deal, or however - the mechanism can vary but usually consists in selling the offtake at a substantial discount) there will be another cost that shareholders will have to bear. Eg if ALL got a loan, the repayments will take away the associated repayment NPV (ie the repayments wll dent ALL's profit share). But getting a loan against what is now ALL's minority share in the project just can't be done. Hence an off-take deal, which always turns out much more expensive than any borrowing. (Depends how the offtake is structured in relation to whatever is paid to ALL up front.) No wonder Amanda and Neil aren't discussiing it, and no wonder I can't find any analysts report which calculates the shares' true value. Thats not to say it probably won't be more than current (insider Assor has obviously done the summs) But it could turn out a lot less than is being bandied around, and the funding structure together with an erratic lithium market makes for a pretty highly geared ALL share. It is probably why potential investors are still wary. |
Posted at 09/2/2024 09:10 by loganair The usual, the Little Man private retail investor buying high then selling out low due to Fear. |
Posted at 31/1/2024 10:00 by l0ngterm Pose as a question on the q and a for the investor meeting. |
Posted at 30/1/2024 10:27 by impossible123 I'd like a JC with a Chinese entity for entire production capex in return for offtake; Assore could go and whistle.Another shenanigan similar to HZM could kill-off minnows and retail investors in AIM. |
Posted at 12/12/2023 11:16 by plasybryn SP Angel Brokers today:Atlantic Lithium* (ALL LN) 26.5p, Mkt Cap £162m – Feldspar mineral resource shows 15.7mt grading 40.2% feldspar at Ewoyaa Lithium project in Ghana (Ewoyaa Ownership: 40.5% Atlantic, 40.5% Piedmont, 6% MIIF Sovereign Wealth fund, 13% government of Ghana) STRONG BUY Atlantic Lithium have reported their first feldspar Mineral resource Estimate at the Ewoyaa Lithium project in Ghana. The initial mineral resource is estimated to be 15.7mt grading 40.2% representing approximately half of the total pegmatite volume with strong potential to double the resource. The team have also started re-sampling previous drilling samples for sodium as the indicator mineral for feldspar with potential to expand the resource further before the inclusion of new extensions being drilled. And a comment on the sub-region represents one of the fastest growing population centres globally which bodes well for ceramics demand. Ghana had a thriving ceramics industry in the Salt Pond region with investors looking to revamp the Saltpond Ceramic Company ‘SCC’ and Ghana Ceramics Company factory in recent years. The GCC factory has been defunct since the 1990s, partly due to the unreliable energy supply at the time. New hydropower production coupled with a more stable power grid is seen as supporting the restart of the ceramics industry along with plans for new solar power in the region. Atlantic’s metallurgical test work and ceramic application trials show the feldspar product is suitable for industry-standard ware and is comparable in all aspects, including contraction, water absorption, density, porosity, shape, colour and appearance. The team’s expert processing skills and output should be able to supply local Ghanaian demand and may even find new export markets. Conclusion: Atlantic is focussed on the production of lithium bearing spodumene from the Ewoyaa mine. The processing and sale of Feldspar should help to restart and rejuvenate local production of ceramics providing substantial new youth employment as well as opportunities for further export. This is good news for Atlantic, the Salt Pond ceramics industry and great news for local youth employment . *SP Angel acts as Nomad to Atlantic Lithium. Two mining analysts from share price Angel recently visited the Ewoyaa mine site in Ghana and drove onto Takoradi to check the quality of the road to port. Our analysts also visited the Ministry of Minerals Commission and MIIF, the Ghana Minerals Income Investment Fund. |
Posted at 23/11/2023 23:30 by l0ngterm Needs ratification via parliament, to derisks all work. Although the company were smiling in London about offers.. I would like to see 60p offer, macro and consolidation in Perth and the associated investors clearly demonstrate that Lithium has legs.Gla |
Posted at 28/9/2023 10:10 by ukgeorge Looking forward to the presentation tomorrowThe Company will host a live investor webinar comprising a presentation on the latest developments concerning the Company's Ewoyaa Lithium Project, followed by a Q&A session, at 8:30am London / 5:30pm Sydney on Friday, 29 September 2023. The webinar will be held on the Investor Meet Company platform and is open to all existing and potential investors. Investors can sign up to Investor Meet Company for free and "Add to meet" Atlantic Lithium via the following link: . |
Posted at 08/9/2023 10:58 by ukgeorge From SPAngelCompany News Atlantic Lithium* (ALL LN) 25p, Mkt Cap £152m – Ghana Sovereign Wealth Fund signs non-binding heads of terms to buy 6% of Ewoyaa and the wider Ghana portfolio for US$27.9m alongside $5m placement at 41p/s STRONG BUY from Buy (Piedmont can earn into up to 50% of the Ewoyaa lithium project through the expenditure of around 70% of the project capex) This is a refreshingly good day for mining in Ghana as well as a good day for Atlantic Lithium. Negotiations with MIIF, the Minerals Income Investment Fund have progressed with the singing of non-binding heads of terms for a direct ‘contributing& The term ‘contributing& MIIF is also investing US$5m directly into Atlantic Lithium by way of a share placing at 21p/s and are subject to a series of lock-up dates. If MIIF does not contribute to its share of the funding the MIIF fund will be diluted down. Options: MIIF are also taking warrants at a 40% premium to the subscription price of 21p/s on a two-for-one basis with an 18-month term indicating that they expect to make a profit on the stock over a relatively short period. The total investment is $32.9m MIIF is effectively buying into five Ghanian subsidiaries and is committing to stand its corner as a partner with Atlantic Lithium. This very much better than we had expected and shows MIIF to be working and acting as a true Sovereign Fund. Director: MIIF also get to place a director at the Ghanaian subsidiary level and have a right to bid for Ewoyaa's available offtake. Piedmont currently has a first right to acquire up to 50% off the offtake leaving the other 50% up for grabs. Ghana press: Statements in the Ghana press had led investors to expect potential changes to mineral legislation in Ghana through rising royalties, free carry stakes, a potential ban on the export of DSO and concentrate material. We are pleased to see none of this in today’s statement. Mining license: We believe today’s deal with MIIF is a precursor to the award of the mining license by the MinCom, the Minerals Commission. Capex: US$185m for Eowyaa DMS and second state flotation plant Piedmont is contributing an initial $70m to the development of Ewoyaa and is likely to raise its investment if required due to its pressing need for spodumene concentrate. Offtake: We believe Atlantic can use offers for offtake to potentially fund its share of the capex for the Ewoyaa project and reckon their remaining 50% share could command >US$100m in the market due to ongoing strong demand for spodumene concentrates. Production: 350,000tpa SC6% spodumene concentrate from 2025. Non-binding agreement: We have met with the MIIF team at their offices in Ghana. They are very professional, and we would be surprised if the non-binding agreement did not come to fruition. Having said that, nothing is ever concluded till final signatures are in place. Ghana government: While the MIIF fund is not the Government of Ghana it does represent the nation from a financial perspective. We would expect a degree of coordination between the wishes of the government and the MIIF fund and we view today’s deal as declaring that Ghana is open for business for battery metals mining and exports. While the government always retains the option to impose new rules and regulations, we see MIIF as having done much of the financial negotiation with the Government’s Minerals Commission focussing on other more practical and strategic matters. Future exploration and development: Having MIIF as a partner is a hugely symbolic step towards a new and ongoing partnership with the government to the benefit of both parties and feels like a rare statement of practical support towards a Western company operating in Africa. MIIF’s 6% partnership in the ‘Cape Coast’ licenses including the licenses within ‘Joy Transporters’ indicates to us that MIIF wishes to support further exploration and development for lithium. Edward Nana Yaw Koranteng, CEO at MIIF states: "The Minerals Income Investment Fund of Ghana is a minerals sovereign wealth fund with an underlying objective of supporting the growth of mining in Ghana and providing a de-risking option for investors in the mining space in Ghana. The investment in Atlantic Lithium underscores this underlying objective and is indeed a watershed moment as this is our first investment in the lithium space globally. The Ewoyaa project is world class, with huge prospects in the other tenements under Atlantic Lithium. "The acquisition of a 6% contributing interest in the Company's Ghanaian subsidiaries will support the funding of ongoing capital and exploration expenditure requirements across Ewoyaa and the broader Atlantic Lithium portfolio. This is just our initial investment in Atlantic Lithium and its Ghanaian subsidiaries. We hope to later invest in the value chain and the development of other by-products, such as feldspar, in line with the Government of Ghana's critical minerals policy. "Our investment highlights Ghana as arguably the best mining investment destination in Africa in view of the options MIIF provides to investors. For us at MIIF, this is the start of a partnership with Atlantic Lithium beyond Ghana. We are confident that this initial investment will enhance and accelerate Ghana's efforts as an African critical minerals hub and to establish the country's position in the global EV supply chain." Recommendation: We are raising our recommendation to Strong Buy from Buy. Today’s news is very much better than we had expected given recent speculation and statements in the Ghana press. The deal with MIIF goes a long way to de-risking the project in our view and we expect Atlantic to receive its mining license in short order and for construction to start relatively quickly *SP Angel acts as Nomad to Atlantic Lithium. Two mining analysts from share price Angel recently visited the Ewoyaa mine site in Ghana and drove onto Takoradi to check the quality of the road to port. Our intrepid analysts also visited the Ministry of Minerals Commission and MIIF, the Ghana Minerals Income Investment Fund. |
Posted at 22/8/2023 11:18 by ukgeorge From SPAngelCompany News Atlantic Lithium* (ALL LN) 21p, Mkt Cap £128m – Len Kolff acquires 3m shares in Atlantic (Piedmonth can earn into up to 50% of the Ewoyaa lithium project through the expenditure of around 70% of the project capex) BUY • Atlantic Lithium report the acquisition of 3m new ESOP (employee stock ownership plan) shares at 30p/s for a total consideration of £900,000. • The purchase along with other recent director stock buying brings the board’s total stock ownership to 2.96% of the company. • Len Kolff worked as the acting CEO of Atlantic Lithium following the passing of Vincent Mascolo last year . • Kolff continues to work, as head of business development and chief geologist, on extending and further defining the lithium-in-spodumene resource at Ewoyaa in Ghana and is a dedicated and critical part of the Atlantic Lithium team. • Institutional investors like to see management buying and holding stock. • Keith Muller, Altantic’s CEO, is also incentivised to see the shares go higher and also holds the following stock options: o 2m @ 50p, o 2m @ 60p o 2m @ 70p. • Atlantic’s recent director purchases should lend confidence to the market and hopefully reward all involved. • News over the new ‘Green Minerals’ fiscal regime in the Ghana press has unsettled investors and led to a significant decline in Atlantic’s share price. • We believe settlement of the fiscal agreement between Atlantic and the government of Ghana should be relatively close and we look forward to the issuance of a mining license for the Ewoyaa lithium project over the next two or three months. *SP Angel acts as Nomad to Atlantic Lithium. Two mining analysts from share price Angel recently visited the Ewoyaa mine site in Ghana and drove onto Takoradi to check the quality of the road to port. Our intrepid analysts also visited the Ministry of Minerals Commission and MIIF, the Ghana Minerals Income Investment Fund. |
Posted at 30/6/2023 09:38 by haggismchaggis Back over 30p next week IMO.. . RNS Number : 5249E Atlantic Lithium Limited 30 June 2023 . 30 June 2023 . Corporate Update . Atlantic Lithium Limited (AIM: ALL, ASX: A11, OTCQX: ALLIF, "Atlantic Lithium" or the "Company"), the African-focussed lithium exploration and development company targeting to deliver Ghana's first lithium mine, is pleased to announce that it will host a live investor presentation on Monday, 3 July 2023 at 14:00 (UK time). . The webinar will consist of a presentation relating to the Ewoyaa Lithium Project Definitive Feasibility Study, announced by the Company on 29 June 2023, followed by a Q&A session. The webinar will be held on the Investor Meet Company platform and is open to all existing and potential investors. . Investors can sign up to Investor Meet Company for free and "Add to meet" Atlantic Lithium via the following link: . |
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