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ALL Atlantic Lithium Limited

14.46
0.48 (3.43%)
Last Updated: 14:15:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Atlantic Lithium Limited LSE:ALL London Ordinary Share AU0000237554 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.48 3.43% 14.46 685,336 14:15:00
Bid Price Offer Price High Price Low Price Open Price
14.46 14.48 14.46 13.90 13.90
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Iron Ores AUD 718k AUD -12.65M AUD -0.0192 -7.53 92.14M
Last Trade Time Trade Type Trade Size Trade Price Currency
14:15:00 AT 572 14.46 GBX

Atlantic Lithium (ALL) Latest News

Atlantic Lithium (ALL) Discussions and Chat

Atlantic Lithium Forums and Chat

Date Time Title Posts
18/12/202402:35ATLANTIC LITHIUM (formally Ironridge resources)4,268
16/11/202316:27Allocate Software254
25/11/202211:42Just thought I'd say hello8
01/4/201418:21TA Analysis1
28/2/201410:04TA Analysis-

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Atlantic Lithium (ALL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
14:15:0014.4657282.71AT
14:07:3314.4020,0002,880.00AT
14:04:5814.458,5271,232.41O
14:02:2614.391,780256.07O
13:58:2614.401,500216.00O

Atlantic Lithium (ALL) Top Chat Posts

Top Posts
Posted at 20/12/2024 08:20 by Atlantic Lithium Daily Update
Atlantic Lithium Limited is listed in the Iron Ores sector of the London Stock Exchange with ticker ALL. The last closing price for Atlantic Lithium was 13.98p.
Atlantic Lithium currently has 659,111,431 shares in issue. The market capitalisation of Atlantic Lithium is £95,307,513.
Atlantic Lithium has a price to earnings ratio (PE ratio) of -7.53.
This morning ALL shares opened at 13.90p
Posted at 26/11/2024 15:17 by mikethebike4
Batteries thrown in household rubbish bins cause about 700 fires every year in dustcarts and waste-processing centres, local authorities say.
Lithium-ion batteries can explode if damaged or crushed.
The Environmental Services Association says resulting fires cost fire services and waste operators some £158m a year, external.
Non-profit organisation Material Focus, external, which surveyed local authorities, runs an online search tool, external to help people find their nearest recycling point.
Found in small, rechargeable devices such as toothbrushes, toys, phones and laptops, lithium-ion batteries have become more powerful in recent years.
Smaller, frequently used and cheaper devices - even some musical greeting cards - often have "hidden batteries".
Ben Johnson, from the Environmental Services Association (ESA), told BBC News "more and more people were putting devices containing these batteries in with household rubbish" or mixing them with other recycling.
"That causes a real problem, because they have a tendency - when damaged - to explode or ignite," he said.
"And when you put them in general rubbish or recycling, they're likely to be crushed, compacted, smashed or they might get wet.
"That can cause them to short-circuit. And of course they're then in the presence of other flammable material like plastic, paper and card and that can lead to quite big fires."


Lithium-ion batteries
The main type of rechargeable battery in portable consumer electronics, they consist of two electrodes divided by a separator that allows charged particles - lithium ions - to flow, through a solvent, from one to the other.
Recharging the battery pushes the ions back to where they started.
If the battery is intact and contained, it is generally very safe.
But if the electrodes make direct contact with each other, it can cause all the charged particles to suddenly discharge in an explosion, which, as the chemicals inside the battery are flammable, can quickly cause a fire.

Image caption,
The source of a major fire at a recycling centre in Aberdeen was not confirmed but the company says it was most likely linked to a discarded battery
National Fire Chiefs Council waste-fires lead Mark Andrews said the problem was growing as people used and disposed of more electronic devices.
"We urge people to recycle electricals and batteries and not to dispose of them with general household waste," he said.
"These fires can be challenging for fire services to deal with, have a significant impact on local communities and present a real risk to staff working on lorries and waste plants.
"Everyone can do their bit and prevent fires by ensuring they dispose of electrical items correctly."
Laura Fisher, from waste-management company FCC Environment, said: "The best thing is for people to bring any batteries to their local recycling centre or to any major supermarket - most of them tend to have a recycling bin for batteries there."
Fire safety experts and electrical-waste campaigners are also calling for clearer rules on the safe disposal of batteries - including how to recycle them. The government has now delayed a consultation on this issue until 2023.

Such a small everyday item causes so much trouble is it worth it ?
Posted at 20/11/2024 17:49 by plasybryn
Is this great news for ALL?Australia's Sayona Mining (ASX: SYA) is buying US-based Piedmont Lithium (ASX, NASDAQ: PLL) in an all-stock deal that will consolidate their Canadian operations and boost the merged firm's exposure to the North American electric vehicle (EV) sector, the companies said.The deal would create the largest producer of hard-rock lithium in North America, the companies said. They noted the business combination would also create opportunities for further growth, helping to cut operating costs and make the sale and shipping of lithium easier.Sign Up for the Battery Metals DigestThe tie-up brings together the two owners of the North American Lithium (NAL) project in Quebec's Abitibi region. This would allow the parties set up a more streamlined and robust lithium business that is well placed to grow through cycles, they said.As part of the deal, Sayona will become the parent company of the newly formed lithium firm. The transaction, structured as an all-share deal, represents a 6% premium to Piedmont's closing share price on Monday.After raising capital separately by Piedmont and Sayona, the combined lithium miner will have an estimated pro-forma market capitalization of $623 million, with shareholders from both companies holding roughly equal stakes.The new lithium miner will be based in Australia, with a primary listing on the country's stock exchange and a secondary listing of American depositary shares on the Nasdaq.More at https://www.mining.com/sayona-piedmont-to-create-lithium-giant-in-623-million-merger/
Posted at 13/11/2024 15:34 by lenses
This going back on watch. Two triggers: Ghana election in Dec should clear the stage for licencing ratification but more significant a wait on an up lift in lithium and so spod. This may happen at any time, this q, next year or maybe not till 26. I expect sooner. ALL share price will be highly geared.

BTW TF only shows up on forums in the (pathetic?) hope of creating a buying dip.

Good luck with it M8.
Posted at 25/10/2024 10:11 by plasybryn
SP Angel today:-Atlantic Lithium* (ALL LN) 11.97p, Mkt Cap £78m – Assore supports A$9m placing adds funds for ongoing work on Ewoyaa lithium project in Ghana(Ewoyaa Ownership: Atlantic 62.9% falling to 40.5% if Piedmont fund their share of Ewoyaa, Piedmont 18.2% rising to 40.5% on project funding, MIIF Sovereign Wealth fund 6%, Ghana 13%)(Piedmont are contracted to pay $70m + 50% of the total Capex to raise their stake to 40.5%. Total cost would be $135m to Piedmont on a $200m capex.)Atlantic Lithium report the raising of A$9m at A$0.23 (11.73p/s). The company also reserves the ability to accept oversubscriptions for another A$3.0m (£1.5m) should they be offered.Assore International, the South African based mining holding company has subscribed for up to A$7.5m (£3.9m).Assore recently acquired a further 24.3m shares in ALL from Piedmont in September and offered to acquire Atlantic Lithium for 33p in November last year.Three of the Atlantic directors have also indicated they will invest A$290,000 in the placing.Use of proceeds:DFS optimisation and technical refinement,FID related expenditure including remaining permitting activities,Site preparation, HSE reports Community Development Funding and monitoring of project impact processes.Exploration of Rubino and Agboville licences in the Ivory Coast,General working capital requirements.Conclusion: It is great to see Assore continuing to support Atlantic Lithium through further funding. We wonder if this may be a precursor to a third offer by Assore to acquire the business?*SP Angel acts as Nomad to Atlantic Lithium. Two mining analysts from share price Angel have visited the Ewoyaa mine site in Ghana. Our analysts also visited the Ministry of Minerals Commission and MIIF, the Ghana Minerals Income Investment Fund which has invested in Atlantic Lithium and the Ewoyaa project.
Posted at 08/10/2024 17:40 by plasybryn
SP Angel today:-Atlantic Lithium* (ALL LN) 15.96p, Mkt Cap £103m – Mine Operating Permit issued for Ewoyaa lithium mine in Ghana(Ewoyaa Ownership: Atlantic 62.9% falling to 40.5% if Piedmont fund their share of Ewoyaa, Piedmont 18.2% rising to 40.5% on project funding, MIIF Sovereign Wealth fund 6%, Ghana 13%)(Piedmont are contracted to pay $70m + 50% of the total Capex to raise their stake to 40.5%. Total cost would be $135m to Piedmont on a $200m capex.)The Minerals Commission of Ghana has issued the Mine Operating Permit for the Ewoyaa Lithium Project in Ghana.The permit was the last regulatory approval required before starting construction of the Ewoyaa Lithium Mine and Process PlantManagement need to complete the financing package with one or more new offtake partners and potentially other lenders before making a FID ' Final Investment Decision'.The team are also waiting on the final ratification of the Ewoyaa Mining Lease by the Ghanian government which should resume sitting on 15 October.Lithium market: Rio Tinto's interest and potential offer for Arcadium Lithium, the world's third largest lithium producer lends confidence to future expansion in the lithium market.We recently spoke to a Chinese buyer of lithium who reckoned the market had bottomed out and was looking for a +20% increase in demand for lithium hydroxide.Benchmark Minerals Intelligence forecast lithium demand to rise to 4mtpa in 2035 vs 0.68mt in 2022. This equates to another 73 mines at an average production rate of 45,000tpaBenchmark's forecasts look similar to lithium for other raw materials including, cobalt, nickel and natural graphite in terms of the number of new mines required to meet estimated li-ion battery demand.Conclusion: Atlantic is looking to complete the financing and permitting required to start construction of the Ewoyaa lithium mine this year.We are aware of a number of buyers looking to add to their offtake and look forward to further news on the mine financing with respect to the offtake portion of the total capex.*SP Angel acts as Nomad to Atlantic Lithium. Two mining analysts from share price Angel have visited the Ewoyaa mine site in Ghana. Our analysts also visited the Ministry of Minerals Commission and MIIF, the Ghana Minerals Income Investment Fund which has invested in Atlantic Lithium and the Ewoyaa project.
Posted at 07/10/2024 18:22 by husbod
Not that interested in lithium prices in 2050 and I certainly won't be interested in lithium prices IN 2050.Furthermore that sort of prediction just shows how stupid some analysts are. Who can possibly say what the demand for lithium will be in 2050 even if the world is still a functioning entity. There may be no demand at all if, for example, we all switch to hydrogen based energy which seems quite likely in five years or so..Quite honestly it's impossible to say with any degree of certainty what will be happening in a year's time let alone 26 years.Rant over!
Posted at 04/9/2024 07:49 by plasybryn
From the COB - Auzbiz.co.ukThe lithium space has endured an awful time since early 2023, wiping out most of the gains since the pandemic. Good old-fashioned supply and demand have smashed the price of lithium by around 90%, and although the exact pricing is a touch opaque, the trend is most definitely not. One major concern around demand is potential tariff hikes from EU and US regulators retaliating against perceived Chinese dumping of electric vehicles into the respective markets. However, for adoption to improve, we need EV prices to fall, and reducing competition with tariffs will have the opposite effect. Hence, markets are nervous about demand into 2025, driving prices even lower. Several higher-cost miners have tried to reduce costs rather than curb production, but this cycle is likely to pressure them further. The huge supply reaction to 2022 prices illustrates that there is plenty of lithium available, and bringing it on stream isn't too hard. However, it's not necessarily economical, especially if demand doesn't accelerate from current levels. In June, we sold Pilbara Minerals for $3.50, a genius move if we had also sold our Mineral Resources position, which also carries lithium exposure. Lithium pricing/production isn't as straightforward as gold and copper, but we are confident from a sheer price perspective that IGO is the best positioned, followed by Pilbara Minerals, especially when the latter ramp up production. The downside momentum and sentiment toward lithium stocks is poor and a "washout" drop to around $2.50 wouldn't surprise us, an area where we again like the risk/reward.
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 22/11/2023 10:54 by ukgeorge
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.
Posted at 01/10/2023 18:04 by echoridge
News has already come, which you are needlessly discounting and instead, making a common mistake and putting way too much emphasis on the share price's disappointing share price performance currently. Management's huge accomplishments to date, from growing the asset to unprecedented insider share buying, to gaining the commitments from both Piedmont and the local SWF, to Neil's almost unbelievable revelation regarding offtake demand and therefore the Company's massive cash inflow expectations in Q1 next year, have not yet been anywhere near adequately reflected in the share price not - as you obviously think - because of some poisonous hidden fear in the market, but rather from mostly some very old-fashioned large holders' forced selling as well as a continued miserable environment for AIM small caps. Sure, there is an exaggerated fear surrounding the issue of the ML (which Neil was - again - wildly bullish about in the webinar. I've known him for 20 years and he is a boy scout. He wouldn't have said what he did if he didn't honestly believe it), but small shareholders need to understand that the other reasons I mentioned are more influential at present but also, by their very nature, temporary. Translation: this share price is a coiled spring and one only really needs a bit of patience to see a significant return.
Atlantic Lithium share price data is direct from the London Stock Exchange

Atlantic Lithium Frequently Asked Questions (FAQ)

What is the current Atlantic Lithium share price?
The current share price of Atlantic Lithium is 14.46p
How many Atlantic Lithium shares are in issue?
Atlantic Lithium has 659,111,431 shares in issue
What is the market cap of Atlantic Lithium?
The market capitalisation of Atlantic Lithium is GBP 92.14M
What is the 1 year trading range for Atlantic Lithium share price?
Atlantic Lithium has traded in the range of 10.80p to 25.50p during the past year
What is the PE ratio of Atlantic Lithium?
The price to earnings ratio of Atlantic Lithium is -7.53
What is the cash to sales ratio of Atlantic Lithium?
The cash to sales ratio of Atlantic Lithium is 131.45
What is the reporting currency for Atlantic Lithium?
Atlantic Lithium reports financial results in AUD
What is the latest annual turnover for Atlantic Lithium?
The latest annual turnover of Atlantic Lithium is AUD 718k
What is the latest annual profit for Atlantic Lithium?
The latest annual profit of Atlantic Lithium is AUD -12.65M
What is the registered address of Atlantic Lithium?
The registered address for Atlantic Lithium is LEVEL 33, AUSTRALIA SQUARE, 264, GEORGE STREET, SYDNEY NSW 2000, SYDNEY, NEW SOUTH WALES, 2000
What is the Atlantic Lithium website address?
The website address for Atlantic Lithium is www.atlanticlithium.com.au
Which industry sector does Atlantic Lithium operate in?
Atlantic Lithium operates in the IRON ORES sector

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