Atlantic Lithium Share Discussion Threads

[l0ngterm] 23/11/2023 23:30

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

[albert35911] 23/11/2023 15:44

When will a new offer come,an increased one up from 33p,or from other interested parties.

[grafter] 22/11/2023 14:22

Hey - the company can now bid with bulk energy providers which is expected to result in a 30-50% overall power cost reduction.

[ukgeorge] 22/11/2023 10:54

From share price Angel

Company News

Atlantic Lithium* (ALL LN) 26.6p, Mkt Cap £165m – Atlantic to start initial production at the Ewoyaa lithium project in early 2025

(Ewoyaa Ownership: 40.5% Atlantic, 40.5% Piedmont, 6% MIIF Sovereign Wealth fund, 13% government of Ghana)

STRONG BUY

Work is underway in planning for the construction of the Ewoyaa lithium mine and processing plant next year.
First spodumene concentrate production should roll off in early 2025 from the DMS ‘Dense Media Separation’ plant with construction of the flotation plant to start shortly after.
The Atlantic team have received the necessary permit for electrical power offtake from the Ghana grid which is reported to cut power costs by 30-50%. Ghana.
Ghana has over >7,000Gwh of hydropower capacity generating just over 35% of the countries needs.
The Atlantic team is busy working to prepare the way for construction next year on the:
EPCM ‘Engineering, Procurement, Construction and Management‘ for the main process plant and other infrastructure
Tendering for mining contractor and DMS procurement with DRA advising
Tendering for the mobile crusher to feed the DMS
Contract to move the high-tension transmission lines which cross the project site. This should happen in Q2 2024
Scoping study for the Flotation plant to follow on from the DMS plant. This will improve the overall performance of the plant.
Feldspar resource estimate due this year to support study for by-product production for local ceramics industry
EPCM on potential for lithium conversion plant in Ghana, as agreed in the terms of the grant of the Ewoyaa mining lease.
2.7mtpa flotation study supports viability of processing fines and the middlings along with enhanced recovery of P2 finer-grained pegmatite material.
Recruitment of three general managers for the mine development and ongoing operation:
Ahmed-Salim Adam joins as General Manager, Operations. He is an accomplished mining General Manager with >15 years' experience in Ghana.
Andrew Henry joins General Manager, Commercial and Finance. Previously Andrew was at Allkem, a lithium chemicals company and also Newcrest Mining.
Simone Horsfall joins General Manager, People. Previously Simone was a senior human resources professional at AngloGold Ashanti and at 29Metals.
Permitting:
“Following ministerial grant of the Mining Lease for the Project in October 2023, representatives of the Government of Ghana have publicly expressed their desire to ratify the Mining Lease before the end of the calendar year.

Concurrently, the Company is undergoing activities to obtain the necessary approvals and permits required ahead of construction of the Project.”

*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.

[albert35911] 21/11/2023 11:56

Trying to get shares are the mms,I wonder why.

[albert35911] 20/11/2023 10:36

I don’t see this going down in the next few weeks,only very small increases.

[sipptrader88] 17/11/2023 10:17

It would appear so GoodGrief.......Gone mad is about right!

[goodgrief] 17/11/2023 09:49

Sipp, increasing M&A activity in the lithium space seems to run counter to your narrative.

[lenses] 17/11/2023 08:50

Well. Less than 1% of the total issue has been traded out since the offers were disclosed to the market. Confidence remains for the other 99% it seems.

[jasonsd1970] 17/11/2023 07:29

https://youtu.be/nnqRNPmkwQ4?si=MxU9ffmTjpxpJEHU

[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 ;)