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Wondering if this will be like the last time. Neil in Australia and a sprint back, except this time it’s Las Vegas.
In an interview with Rock Stock Channel (episode 99, 22nd April, on Youtube), Piedmont CEO Keith Phillips said that they will initiate a process to forward sell their initial offtake from Ewoyaa (very similar to what Atlantic Lithium are doing) to fund the capex on Ewoyaa. Capex requirement is phased and not due yet, anyway. They sold their non-core equity holdings (including that in ALL) to raise cash to avoid need to raise, and he's determined not to do so. PLL is great buying opportunity down there IMO, once the shorters dissipate.
According to latest results, they have S71.4m. They have recruited a financial advisor to consider options for raising the capital required for Ewoyaa in order to minimise dilution for its shareholders. I can't attach a copy of the results but if you go onto their website you'll be able to find them.
I don't know what their cash position is but if they need to raise to pay for Ewoyaa development their declining sp could make it a bit tricky !
Probably that's what got me thinking .lol
Same rules as Tories making bets on the General Election date !!
Just me thinking aloud. Does anyone know what are the rules regarding members of parliament in Ghana buying shares in the country' s stock exchange ? Are there any disclosure rules etc ?
I think the plan appears to be that rat lands, then a small slew of rns follow.
I think post rat, this long awaited MIIF 28mill should drop in, EPA must be close, as is off take
One possible snag is PLL, who are not looking too healthy and may be in self preservation mode, in which case we may have to look at plan B
If PLL don't FID, I wouldn't rule out BYD taking the lot off the table; personally I'll never understand why someone like VW didn't get involved but that appears to have long passed. Short sighted and may haunt in years to come. Note the prevalence of BYD in current advertising .. they're coming
Unfortunately parliament voting includes the opposition which as we are all aware often means voting against just because..even though it means creating lots of jobs for Ghanaians and wealth for the economy common sense goes out the window ..however lets just hooe it goes through and soon !!
If we enter August and no rat then time for concern, until then keep the faith...Neil said the offtake is at the top end of his expectations...maybe a Plan B is being considered should Piedmont get cold feel due to lack of funds...Offtake Partner, Assore, MIIF and Atlantic all up their stake to cover the shortfall?? Silence is golden but RNS's with big news could drive this through 40p in an afternoons trading...NFA DYOR GLA...
Well we have MIF CEO on our board
MIF has the deputy for lands and minerals on its board
One of the legal advisors to the president on its board.
Cash on table from MIF and multiple times is been mentioned that this will happen, by the minerals and head of lands minister.
To me it’s egg on the governments chin, if they don’t pull this off. Especially with jobs on the table in an election year, and in fairness the government has stepped up each time, with funding, listings, engagements etc. and overall process.
Yep totally agree, that is Africa they seem to take forever with decisions. But also they need to realise its worth taking advantage of lithium now especially with it is viable with us being low cost. Fingers crossed, Herbert has a load of shares so at least it’s in his interests too to get it over the line.
It would be very stupid to us, inconceivable even.
Take a listen to how they are though, and u might start to wonder.
Do I think it will ratify, yes I do. But, Africa is different, can be unpredictable. Ghana is one of the best there jurisdictions nonetheless, imo.
Surely as they granted the mining lease back in October, it would look rather stupid if they didn’t ratify it in parliament eventually? Surely it’s going to benefit Ghana too as they have a stake in ALL? I’m hopeful they will although not sure when…
Well 4/5 weeks to go, and it looks like the parliamentary business is laid out a week in advance (if I heard correctly). So let’s s see. Gla
Concur.
I think if things haven't happened by July end it is foolish to not accept there's a problem. We are are not there yet, the BOD have our full support.
You can always watch them live and see what is said.
https://www.youtube.com/playlist?list=PLlv9n-mGKyCo7AahYb4BfUFgEovMxAk78
If we are still waiting by the end of July it will be disappointing but I think patience still has to be the mantra....Neil has delivered just about everytime, ontime...yes this time the government is the unknown factor but that comes with the territory...if you can't handle it then don't invest...RNS start dropping in the next quarter then we know what happens...
Yeah, me Asking for directions in Ghana, one person points left, one right, one up and one down. Hmm!
Positively it kinda looks like someone bought ALlL share on the Ghana exchange today. A sign..?
'Forever' ! bit harsh LOL. We sit we wait. GL
Good luck with that. Many have tried 🤣
The wait for news on ratification is a never-ending story. Atlantic Lithium is unfortunately condemned to wait forever.