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Big fish businessman and investor in Portugal must have his ear to the ground and be confident this is a good investment.
Tropicalblast - I'm not a close follower of Portuguese politics but I do recall that the opposition were against the mining of lithium when previous election occurred so it was good for SAV that Costa won then, so I guess we still need his party to win again (Socialists) to continue the support and avoid further headwinds.
Love reading a rns like this, someone either doing enough due diligence, in the know , or any other reason to think its worth parting with a load of cash for.
Hopefully more will come
He has a big stake in martifer a metal construction company that are involved in the renewable sector
3 mil trade nice
Interesting eh. We will see
Also added interest that EU could consider some funding
Friendly?
Long term?
Just asking?
Over £1.4m invested into the stake, that is serious stuff.
In my opinion it shows that someone is waking up to the fact that Portugal needs MdB, and needs it ASAP.
It will be interesting to see what happens after the election this weekend, if a new PM is from the previous opposition party will the tone on MdB change? We know from UK experience that opposition leaders can say one thing when not in power, but change opinions when in or closer to power. Will the a new PM be supportive of MdB as they know it's what Portugal needs?
If so, if that new PM is from the same party as the local mayor. Will the local mayor be 'guided' by a more senior member of the party to stop protesting about MdB.
He may not have finished buying yet ?
Surprising that, after such vote of confidence, the s.p. has not moved (yet) .
Also being the Chairman of a media company, could be very useful to us.....and himself!
More chunky trades coming in got his pals involved
Or he can buy us out at 10p and let the Portuguese argue the toss is this is going ahead or not
Yes did wonder what was afoot. This can only be positive for sp but where is it leading to, or is it just a local investment in growing market at bargain basement prices?
Some serious Portuguese heft coming on to the Savannah share register with an initial 4.26% shareholding
https://en.wikipedia.org/wiki/M%C3%A1rio_Ferreira
I would be much happier if the RNS's would say ".... we are delighted to announce" ... rather than ".... we are pleased to announce" ... only then would the announcement be likely to spark a significant rise in the SP.
Remember, there are a lot of investors here, corporate and private, who have taken up the discounted (at the time) fund raises (think the last one was at 4.0p), only to see the optimism shrink and other factors intervene and the SP return to the doldrums, leaving those that took up those offers seriously underwater.
Now there is some daylight ahead, hopefully, smooth and continued progress will be made and a full recovery achieved and go beyond for all of us that have kept the faith.
Osaka I put the word generally in.
My point it was neither price sensitive or imformative.
Is it not ok to have a simple opinion that the rns was pointless in my view without being shot down for having a idea that's different to the majority
"isn't a rns supposed to generally be price sensitive "
no you're talking *******s again
Not sure that all RNS need to be price sensitive.
The recent RNS to detail the conferences that SAV were set to attend this month was informative rather than price sensitive.
“Tier one and new entrants” and “ additional sources of public funding have become available” were interesting/ teasing tidbits.
Tropical blast today isn't news.
I don't generally moan as you like to put it , rarely comment here in fact.
Isn't a rns supposed to generally be price sensitive , I don't believe you read that rns and at the end of it thought ahhhhh that's a nice update on where we are , I have also learned quite a bit more.
Your reply was like the rns , a lot of waffle to basically say stop moaning , the rns was a lot of waffle to say we are in phase 2 (whatever that is)
Up until I took a punt here, I had generally swerved mining shares like the plague, as I know naff all about the sector.
But I did see some logic into looking into lithium, believing that investing a few pounds had some merit. Batteries for EV's and the suchlike seemed like a good idea, as long as I wasn't expecting to make a quick profit. I'm still holding that view.
I've only got just over £1000 invested here with a modest (by some standards of other holders here) with currently just over 37,000 shares. I'm happy to sit and wait for this one, as I'm not really in any hurry to collect my rewards.
Haven't we all moaned on this board before that we don't get any updates from the management. So now they're giving an update, that they've moved from a larger list of potential partners, to a smaller list that will do much more detailed review (Due diligence). This could take weeks/months.
So had we not got this update, we would probably have all been moaning that there was no news, so probably meant all possible partners had done a runner.
Then there's the update that SAV are targeting EU/Portugal funding, again something we've all moaned about that SAV have not commented on enough.
So yes, I would like more details and to know when we have a partners/EU/Portugal financing but for now I will take small updates over no updates.
Have a good day all.
Pretty pointless update.
Tells us absolutly nothing , hopefully when phase 2 (whatever that is ) is over we might get a understanding of who these parties are and what they might bring to the table
Well it’s progress
I know that Portugal seems to take its time in many ways but it struck me as interesting that SAV are included as part of the wider EU delegation. Reading though the details of the EU Day at PDAC, would the EU be happy if one of their party was under a cloud? I note that confirmation of our attendance/ inclusion came after the update and review RNS. It should give added confidence that a clean bill of health will be received whenever.
Meanwhile, only a week to go until the election which should establish a firm base and a chance of clarity.
Absolutely, wonder if the high trade volume will continue this coming week? Kinda get the feeling something is afoot. The trading volume over the last couple of weeks has gone ballistic compared to the 'norm' for no apparent reason. Positive sign I hope or someone buying up hoping for TO? Lots of sticky stock though, so cheap deal I would hope unlikely. Just not great starting point with such a low sp.