Atlantic Lithium Share Discussion Threads

[sipptrader88] 16/11/2023 23:45

Thanks LOngterm.......just losing my faith in the electrification story and the salaries at our expense.......still keep 8888 shares for the "what if!"

GL

[l0ngterm] 16/11/2023 16:27

Did. You mean to post this on the other thread?

[tomtrudgian] 16/11/2023 13:35

The new licence requires, unless of course renegotiated, that AL lists on the Ghana exchange within 5 years of commencing Lithium mining. So in over six year’s time.

Therefore if 100% of the shares are owned by Assore they cannot be Ghana listed at that time. Or indeed on any other exchange.

Assore’s accounts show several hundred million dollars of unlisted mining companies, and it may well be that their intention is to offer shareholders a price to buy all of the AL shares they do not already own, and so take company private.

If they achieve an overwhelming share majority, ASX and AIM % rules apply but vary. Under both Assore can compulsory buy the remaining shares, whether held by Ghana or others, but only at the same offered price. No present urgency for them to do other than pick up loose shares, and research figures, I suspect.

The 10% licence royalty payments due to Ghana are legally unaffected, assuming the Ghanaian parliament approves the licence, which it has not yet done.

However there will be a lot of horse trading to come, other bidders may enter the fray, and shareholders that do nothing seem sensible.

[l0ngterm] 16/11/2023 10:33

Notes the price mentioned in the latest proactive interview is 1,700 dollar, wonder if that's a nod to where we think the offtake agreement may land.

[l0ngterm] 16/11/2023 09:40

Well what normally happens when I do these things is that no matter the stock it goes up. Atb SIPP

[scubadiverr] 15/11/2023 22:23

Why? Care to give your reasoning?

[sipptrader88] 15/11/2023 22:16

RE: ALLToday 22:16
Goodbye to you ,my trusted friends.........heavy heart but........I'm out!

GLA.

[scubadiverr] 15/11/2023 19:03

Is anyone able to provide me with an active link for the telegram group please?

[albert35911] 15/11/2023 18:42

Who else will become interested,never is just the one bidder.

[pauliewonder] 15/11/2023 18:34

UPDATE: Assore 'disappointed' by Atlantic Lithium takeover rejection Writer, Alliance News Wednesday, November 15, 2023 - 13:54Assore International Holdings Ltd, the major shareholder of Atlantic Lithium Ltd, on Wednesday said the latter missed out on an 'attractive' deal by rejecting its acquisition offers.Atlantic Lithium, which has lithium exploration and development assets in Ghana and Ivory Coast, said on Wednesday morning that it had rejected two non-binding indicative takeover offers from Assore, a Johannesburg-based mining company.Atlantic Lithium shares surged 21% on Wednesday morning after it disclosed the rejections. They were up 22% at 25.24 pence each that afternoon.In both approaches, the first of which was in early October, Assore offered to pay A$0.63 or 33 pence per share in cash. However, Atlantic Lithium believed the proposed consideration 'undervalued' the company and its future potential.Later on Wednesday, Assore responded that its offer 'represented a highly compelling opportunity' for all shareholders to 'realise certainty of value' on their stakes in Atlantic Lithium. It noted that the offer price represented a 54% premium on Atlantic's closing price of A$0.41 or 21p per share on November 6.'Assore is disappointed that the committee has decided not to engage with [us] to facilitate itsshareholders receiving the benefits of the proposed offer,' the firm commented. The offer, it added, would have 'delivered an attractive price and the certainty of a fully funded cash offer from a party whose strong knowledge of the business, and industry, would have enabled speed and certainty of execution.'Earlier on Wednesday, Atlantic noted the near-term producer status of its Ewoyaa project on the Cape Coast in southern Ghana, as well as a pending investment from the Ghanaian government's Minerals Income Investment Fund. It also believed Assore's offers did not account for 'the positive near-term outlook for lithium project developers.'In its response, Assore said it had 'actively supported' Atlantic Lithium's work on Ewoyaa, and 'in its establishment of a strong and mutually beneficial relationship' with the Ghanaian government.'As Atlantic's major shareholder Assore looks forward to the government of Ghana'scontinued good relationship with Atlantic and continued support for the development of Ewoyaa,' Assore added.

[albert35911] 15/11/2023 15:01

Blue orcs are looking a bit foolish now,I hope It cost them,probably not though.

[albert35911] 15/11/2023 14:50

Always was going to be a takeover target when they got the ML.

[g2theary] 15/11/2023 13:33

Should be 33p here already ... quite annoying as I'd take a bit of profit at above 30p ... it will soon come ;)

[ukgeorge] 15/11/2023 12:16

Rio Tinto were complaining a year ago how everything li was overpriced, I'm surprised that they haven't been snapping a couple of companies up. Give Renehart has also been very active.

[disc0dave46] 15/11/2023 12:14

About time some upward movement.At some point the market will catch up to the fact that even 33p is too cheap and should be the floor.

[plasybryn] 15/11/2023 10:39

ALL at the Noosa Mining Conference 15th to 17th. What a great time for them. Not put a foot wrong. They must feel very confident and bidders starting to knock at the door. Who knows how many others are sizing us up. They must realise the current price is unrepresentative.

[alhambra1] 15/11/2023 09:20

hxxps://www.voxmarkets.co.uk/listings/LON/ALL/

hxxps://ukinvestormagazine.co.uk/atlantic-lithium-shares-jump-after-rejecting-takeover-approach/

[plasybryn] 15/11/2023 08:56

Price still only half what is was 18 months ago. Some serious upside still exists here imo.

[jasonsd1970] 15/11/2023 08:51

Short term traders are truly thick as mince. Can see it closed at 29p down under but they want to sell at 24p, truly stupid

[steeplejack] 15/11/2023 08:44

Well,it gets the price up!

[grafter] 15/11/2023 08:33

Atlantic Lithium rejects two takeover approaches from biggest shareholder -

In each instance, the IBC concluded the offer undervalued Atlantic Lithium and,"therefore, was not in the best interests of shareholders"

[l0ngterm] 15/11/2023 08:30

Too embarrassed at such a low ball offer. Lol! Although I dare say their will be some rule around offers, offer dates, considerations confirmation yada.Let's see what today brings :-)