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Tom Winnifrith Bearcast: getting my head around Atlantic Lithium, placing ahoy for sure but what of the £234m valuation?

By Tom Winnifrith | Monday 28 November 2022

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

I start remembering a career moment of shame involving Colin Bird and that brings me to Xtract Resources (XTR) where for all Bird's dissembling surely a placing is underway? I look at the joke company eEnergy (EAAS) and the disgraceful antics of Justin the Clown.  I cover nanosynth (NNN) which I expect to go bust by New Year's Day and Argo Blockchain (ARB) which I think is already bust. I explain how it can avoid paying its bills for a while.  Then I look at "wonder stock" Atlantic Lithium (ALL), its £1 billion NPV and how robust that is, its management, the various red flags and the inevitability of a near term placing. There are bull points here as well as bear.

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