Atlantic Lithium Share Discussion Threads

[givmesunshine] 08/12/2021 16:31

Norman Bates .. No mates !!I must admit I'm surprised it's so quiet - Thanks for your research though. Broke through a 3 year high today without any real resistance which I think shows that this is just beginning- only spotted this by accident - glad to be onboard- have a good evening

[ukgeorge] 08/12/2021 15:09

It's nice to have some others posting and joining the journey. It is normally me talking to myself :)

It is also great to finally have a decent up day. There shouldn't be much resistance as well as most holders will be in the money so no stale longs will be selling into rises.

Fundamentals are on our side, growing resource, capex funded, really is a compelling story. I've spent months wondering if I had got this wrong and missed something.

[givmesunshine] 08/12/2021 13:46

Yes - saw that - been through the RNS's There not many miners out there funded to operations, with take offs in place, in a start of a long term bull market @this valuation .. Got me invested and appears relatively low risk high rewards (compared to AIM in general )GLA

[ukgeorge] 08/12/2021 13:42

Looks like I got all the extra Ricca shares that I applied for in the recent demerger. They have appeared in my share dealing account.

givmesunshine, this company demerged their gold assets and changed the name last month.

[ukgeorge] 08/12/2021 13:37

It is exciting isn't it :)

Roll on a much fairer valuation.

The main risk is not having enough :) (hopefully not famous last words)

[givmesunshine] 08/12/2021 13:08

Within the scoping - financials based lithium spodumene concentrate 6% @ $900 Metric tonne. From what i can gather currently spot price about $2400 AUD = $ 1700 USD

S&P Global Platts assessed the weekly 6% lithium oxide (SC6) spodumene concentrate price at $2,564/mt on an FOB Australia basis, up $120/mt from the previous record of $2,444/mt on Sept.

[givmesunshine] 08/12/2021 12:49

Thanks George

As i understand it

Piedmont have 50% of Ewoyaa for a approx investment of $100mil to fund capex to production. Its based on a pain / gain contract assuming all goes well, ALL have a free ride on this.

50% offtake of production has been aggred with piedmont, but this is for all of Ghana projects, but ALL still currently have 100% of all other projects.

It does look very cheap to me - you can see the frustration in the presentation especially with funding and 50% of offtake agreed - The numbers are already very very good, plus huge potential to upscale significantly..

Any skeletons? Risks other than the usual?

[ukgeorge] 08/12/2021 12:09

From LSE

Dear all, I thought Vincent did an exceptional job in giving us an update on the Scoping Study upgrade at Ewoyaa. This is a very exciting project and to understand the potential fully I'd recommend listening to the LSE interview carefully and working through previous RNS's to fully understand the detail. Please view the full video presentation and Q&A here: hxxps://youtu.be/7XFmZvELWD8

[ukgeorge] 08/12/2021 11:55

Yes, approximately 1/3 of the drill results haven't been included in the recent resource upgrade 28km worth of drilling. The recent resource upgrade took the Life of Mine to 11 years. Vincent said he expects the LOM to be increased to 15 years.

He mentioned they had got some high grade results coming as well.

Longer term they are hoping that other deposits will be found on the cape coast, they have 560 square km to explore.

[givmesunshine] 08/12/2021 11:26

Very impressive presentation - lots to come - I understand there is still a lot more to come from the current drills that haven't been analysed yet ?

[givmesunshine] 08/12/2021 10:32

Ok Many Thanks

[hugotanha] 08/12/2021 10:24

30% today? Still cheap in my opinion

[givmesunshine] 08/12/2021 10:21

Any ideas on a link to yesterday's presentation? TIA - can't seem to find one

[givmesunshine] 08/12/2021 10:16

Looks like it timed that well -( makes a change )

[givmesunshine] 08/12/2021 09:49

Morning Been reading up one this over the past day.. bought in first thing this morning ..Not seen the presentation yet .. but the RNS and the company history /partners look well placed to take this forwards

[jasonsd1970] 08/12/2021 09:49

As Vince reiterated yesterday we are way undervalued; you are able to buy pound coins for 25p..... Xmas early

[ukgeorge] 08/12/2021 09:40

Yes and a even if we rally to 40p you can argue that the company is still undervalued.

[hugotanha] 08/12/2021 08:24

With a little push, we are over 30p this week. LFG

[ukgeorge] 07/12/2021 17:09

I am biased but, I think we have now broken out of this 12 months of consolidation. We will see over the next few trading days.

There is a gap from the jump this morning but we also got this in January 2021 and it never got filled.

Vincent mentioned trying to get a LOM of 15years earlier and that would tally with the drilling that has already taken place and not been incorporated to the recent resource increase.


They are presenting again in an hour.

Hear ALL CEO Vincent Mascolo discuss the improved Ewoyaa Lithium Project in Ghana, including economics and life of the mine. Our webinar starts at 18:00. Please register here - hxxps://us02web.zoom.us/webinar/register/6716378437309/WN_oBS-LVJrQJ-K9iQlDe3nMA .

[ukgeorge] 07/12/2021 14:15

VSA morning miner, say they think they are the cheapest listed Li company

[jasonsd1970] 07/12/2021 14:10

Todays RNS just shows you the monster that ALL is building here - you got a steal, still below Piedmonts top-up