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Hi TB, I agree that the Portugal Govt are likely to appease the protest movement by drastically scaling back on new licences. This will make those that are held already so much more sought after. “Of nine areas identified as being open to bids in the next ‘lithium auction’, three have already been removed, as well as all areas covered by Rede Natura 2000”
The role of APA is going to be critical In determining if Portugal is to have any future in lithium mining: “ Explained secretary of state for energy João Galamba the boroughs of Boticas, Argemela and Montalegre are still waiting for State-run environment agency APA to pronounce on projects, two of which have already approved. If APA comes back with a “negative decision” on any of them, “there will be no mining” at all – thus new bids at this point would be spurious.” I imagine the environmental criteria will be tight but we are a “sitting tenant” at MdB which gives us a great advantage. Others hoping to apply for licences in any public auction are no doubt envious?
Good luck Muldoon. I always enjoyed your contributions on SAV.
Until recently I would have thought that another share placing seemed off the table, but now think at least one more will happen. Though not pleasing I see this as being something to see Port and Moz through to a deliverable and finally a SP enhancing position.
Remembering that in those heady days of Jun 18, the Market Cap reached £100m on the back of the Scope Study, then I still see no reason why a MC in the region of £250m can’t be reached, though with dilution the SP could still be below the 17p of Jun 18, but still in double digits.
My own opinion is that Portugal Govt will scale back the drive for Li mining big time to please the current anti-mining groups but in concession for 1 or 2 projects going ahead, for which I see MdB being one of them.
I think Muldoon’s departure basically counts as the crossing of a notifiable threshold, as I predicted yesterday. Regular contributor of sensible comments, which reflected his substantial holding. A holding that’s been whittled down by repeated dilutions needed because of a continuous failure to meet any meaningful targets here.
I wonder what happened to Trisse and Iceberg...? Probably gone the same way.
Very noble exit by Muldoon. Gutted that he’s cut & run with a loss. His forecast of 1p is really worrying because he’s a smart guy.
I’ll probably allow myself to mugged off by Archer for a bit longer before I accept the inevitable. Not happy about being taken for a fool by a bunch of slippery snake oil salesmen.
Muldoon, I can only echo what has been said and your gracious exit comments. I had hoped to share a beer in Harrogate at some stage, making good use of some of the expected profits, but that may need to be on hold. May I wish you well for the future.
Meanwhile Jonners, "Believe me DA is not someone RT will want to deal with.". That's a statement that requires explanation. RT don't tend to jump into bed with someone that they haven't DD'd extensively to begin with, and a JV with a minor minnow to boot. Meanwhile with many years to get to know each other, I would question why Mutamba has progressively moved up from a byline in their annual report to an acknowledged project if DA was not someone they want to deal with as is your belief. Anything to back up this assertion will make an interesting read. Only when you have a mo.
Muldoon - sorry you have completely cleared out. You were my inspiration for the Jam boys! I understand losing - remember your winners! You promised to buy mine at 5p! Hope you have kept some. RT gives me hope, a quick win might get you back. Believe me DA is not someone RT will want to deal with. As soon as he goes then?? All the best mate.
Muldoon, sorry to see you go. You have to draw the line somewhere and I had noticed your comments on the forum were getting more and more frustrated. Thank you for letting us know your situation and thoughts on SAV. All the very best with your future investments. Sam
Yes was tempted myself, although my holding is smaller (but still significant), I have decided to hang in there and see. Effectively written off value and put it down to one of my bad judgements. This was my first AIM dabble and will be my last! Fortunately better success elsewhere. A little more self harm for 2020.
Sorry to see you go Muldoon, after so long. I thought it might be you selling over the last few months bearing in mind the intentions you expressed. My outlook is 100% more optimistic as you know but I respect your decision and wish you the best.
After many years I have lost all hope and am completely out today (the 200,000 trade at 11:18 was my final sale). Only 9 months ago I had 15,000,000 of these. I have taken a large hit. I cannot see DA getting any significant news out before the next placing which I think will be at around a penny . We raised £11.5m in July 2018 and then went back for another £5m in September 2019 (14 months later) so my reckoning is at that rate we are due for another placing in March/April. So I may buy back a smaller holding in a couple of months at a penny or so if something does look as though it might finally come good here. I am also extremely wary of the Portuguese minority government and what decision they will make regarding mining in their country. The anti lobby seems to be strong and weak governments often do not take on their vocal minorites, even if it mght be good for the country as a whole if they did - votes are more important than economic growth. And don't even mention Oman and Moz (Moz is why I purchased here in the first place). I feel I have wasted 8 years of my investing life here - entirely my own decision of course - and at 64 years of age I do not like wasting any years at all ! For those remainers, good luck guys !