Atlantic Lithium Share Discussion Threads

[sipptrader88] 11/10/2022 13:30

SOS100 I do indeed post links for future positives here from time to time...and get comments like " so you bought back in SIPP!) ....lol....you can't win sometimes....
You get commentators with opposing views which makes it difficult to form an opinion ...and the truth is nobody knows. Fullstop. I tend to mix it all together and go with a majority opinion. It's all I can think of! And a 50/50 approach to cash and shares....so I can't gain as much but can't lose as much if it goes belly up again. Once bitten £280k to £35k....and bitten by about £85k this year so far!

But still hold a CORE here! I strongly believe in ALL.....it's just the macro headwinds for the time being...!

[ukgeorge] 11/10/2022 12:40

Steeplejack. Try reading the RNS.




Stage 3: CAPEX Funding (US$70m)

Piedmont to earn a further 27.5% of CCLP via the sole funding of;

• Capex of US$70m for the Project

• To deliver a 1.5mtpa to 2mtpa ROM operation for a 10-year to 8-year LOM respectively.

• Any cost overruns and/or savings will be shared equally.

[steeplejack] 11/10/2022 12:34

Its the $70m i'm interested in.If the project has a cost overrun are Piedmont contracted to pay more?Horizonte just tapped the market for $70m to fund its Brazilian nickel project and that was despite having a contingency reserve of around $100m in addition to the half billion it raised last year. Horizonte stated that concrete prices in Brazil had tripled in the past year contributing to soaring costs.The market is clearly becoming increasingly sceptical of some project budget calculations and sees companies looking for increasing sums of money.....like Horizonte."Piedmont also took a 9% stake in Ghana-focused Atlantic Lithium, and committed to spending $17 million on a feasibility study and $70 million on building Atlantic's Ewoyaa lithium project.The market value of both investments has surged in the past year due in part to rising lithium prices. Piedmont will not operate the mines in Quebec or Ghana but has agreed to buy at least half of each company's production of a lightly processed type of lithium known as spodumene concentrate."

[ukgeorge] 11/10/2022 12:32

Gardenboy is correct and if you want confirmation read the RNS that relates to the deal or company presentations.

I do agree it is a good deal for Piedmont.

[divmad] 11/10/2022 12:11

Which one of you two is the most accurate? This funding commitment is a key element going forward.

[gardenboy] 11/10/2022 11:49

Any increase in costs are shared equally with Piedmont as per the Agreement

[steeplejack] 11/10/2022 10:55

Piedmont seem to have struck a good deal.They have negotiated a fixed price deal of $70m for the asset plus 50% of the offtake,.That would appear to imply that any increase in costs will largely fall on Atlantic itself albeit the negotiation of further offtake agreements for the remaining 50% of production will mitigate the costs falling directly on Atlantic shareholders.The company will break ground in a year but that is when building the mine's infrastructure commences,when actual production starts wasn't specified in that interview.Thereagain,its an open quarry so i guess they could get things up and running reasonably fast.

[ukgeorge] 11/10/2022 09:30

A few interesting, points mad by Len in the interview.

The mining license can now be submitted following the PFS.

It is expected to take 12 months to get an EPA approval which is needed in order to break ground (start mining).

Funding, Piedmont paying $70M capex, total now is $120M so we need $25M and given inflation (my words not his) I guess we can expect that to rise.

"inundated" by enquiries in regards the remaining 50% of production, and trying to structure a deal to add value for shareholders.

Drilling 2/3rds is infill, again highlighted the wide zone found under the current resource. Should be news flow on the drilling before year end and resource upgrade year end (or early 2023).

Nice to have an update. These things take time. The project is supported by the government and locals so fingers crossed should all come good.

[steeplejack] 11/10/2022 08:14

The price weakness is probably primarily a result of open end fund selling.Unit trusts sell indiscriminately as redemptions are received.As interest rates and inflation rise,the market focuses quite simply on the additional cost of raising finance to fund projects.Drawing attention to the intrinsic merits of the prospect is secondary to the sheer cost dynamics of getting the prospect to production.So much for the hope that an Australian quote would prove beneficial.Experience shows that the opposite is true.Near 24 hour trading increases volatility.

[sos100] 11/10/2022 08:06

perhaps you can post some links for long term case like ukgeorge has done?

[sipptrader88] 11/10/2022 07:57

SOS100 not much else to say but if we keep dipping I can't think I can post anything different from above. Perhaps I'm explaining why we are dipping?

[ukgeorge] 11/10/2022 07:51

An interview by Len from today.

The Assay TV - Len Kolff, Interim Chief Executive, Atlantic Lithium (AIM:ALL, OTC:ALLIF)

[sos100] 11/10/2022 07:33

sipp - you always seem to post after the share price dips!

[sipptrader88] 11/10/2022 07:31

My post in All and PXC on LSE today....I'm putting here also....because of it's relevance IMO (and I add PXC). I think you all know my position by now:-

Personally, I hold a reasonable CORE here......but a lot less than 6 months ago, My trading account holds no ALL, no PXC, no nothing! There has been no profits to take with most shares falling. It is purely MACRO....and past experience of MACRO that took my £280k to £35k...and made me log off for 5 Years!
But when Jamie Dimon et al are seeing a proper recession in 6 to 9 months and many are taking about the indicies dropping by 30% to 60% and some even 90% it is wise to be a bit cautious!
I have roughly 50% Shares and 50% cash....with which I hope to find a bottom after which I hope to load up on my favourite shares including PXC, ALL and who knows maybe RICCA?
If Macro improves significantly in the meanwhile, I will rebuy at whatever price then.......that's really all I can say for now! Each to their own and many will hold all of their ALL(and PXC) shares successfully IMO all the way through the drops and rises......just don't panic if you're in this category and sell out at near bottom if that occurs. we have a time lag for DFS and production.

GLA! "

[qipincha] 10/10/2022 23:08

China may find it hard to cool lithium’s price rally this time around

[qipincha] 10/10/2022 21:51

Carmakers take control of supply sourcing as battery costs rise
First Tesla, now Ford, General Motors and others are moving to secure raw materials directly amid supply chain disruption

[qipincha] 10/10/2022 21:49

hxxps://news.metal.com/newscontent/101965392/lithium-carbonate-prices-rose-on-improving-terminal-demand

Lithium: Prices of lithium carbonate rose slightly recently. In terms of supply, the impact of transportation control in Qinghai extended, weighing on the supply of spots. On the demand side, under the expectation that the terminal demand will improve and the lithium price will continue to rise in the future, the downstream battery companies restocked actively the raw materials. The cathode material manufacturers, in light of robust orders as well as low in-plant inventory, were more willing to source lithium salt. Around the end of the month, the market transactions and inquiries were quite active, which offered strong momentum to salt prices in the near future.

The prices of lithium hydroxide also rose slightly recently. On the supply side, due to the previous power cut in Sichuan province and the enduring shortage of mineral materials of some manufacturers, some leading salt manufacturers mainly delivered the delayed long-term orders, with few sources available for the spot market. Only several mid and small-sized manufacturers supplied the spot market. In terms of demand, some battery companies restocked actively on improving terminal demand and constantly rising prices, which also encouraged the cathode material manufacturers to purchase lithium salts. At the same time, considering the restricted transportation of hazardous chemicals during the National Day holiday and in October, the purchase of lithium hydroxide before the festival has been robust. However, due to the low market circulation and the upward trend of lithium carbonate prices, the spot transaction prices of lithium hydroxide continued to advance.

[qipincha] 10/10/2022 21:36

Lithium Carbonate (CNY/T) 510500

hxxps://tradingeconomics.com/commodity/lithium

[qipincha] 10/10/2022 13:42

a bit overdone

[ukgeorge] 10/10/2022 08:05

Scubadiverr, go onto Atlantic Lithium's website and read the company presentation.

[scubadiverr] 08/10/2022 12:10

What is the funding arrangement? What is the competitor getting out of it?Any pointers to the terms would be useful. Lack of broker notes and PI comms makes me fear not much will be left for shareholders

[divmad] 08/10/2022 10:37

Yes, a global Dollar liquidity shortage which hasn't ended yet, judging by the Fed's actions and forward looking statements.

[plasybryn] 08/10/2022 09:21

What's going on? Fully funded so no surprise placings. Plenty of cash. Stunning PFS. IRR c. 200% and 5 months to clear. More drill results due this quarter and DFS early 2023. Possible take over at some stage. What more do investors want. Greedy or what. Have i missed something to explain the weakness in the SP

[qipincha] 07/10/2022 22:55

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