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But we're still many, many years (and likely dilution) from any revenue.
Thats is just a plain lie. EU will be buying spodumene from this mine in 2023 and every last bit of it, there won't be enough. Literally the only thing standing in our way is completion of the EIA acceptance process and if the EU/Portugal can't get it over the line their plans for a great EV battery market will crumble fast! DFS is just money and now they know exact way to take it as EIA has been accepted by APA, until then they are not sure exactly how to progress/change design of mine/location of infrastructure. MOZ might provide new funds to add to kitty as part of IPO......but you would be an idiot to not think there would be zero dilution for CAPEX, however with EU funds swilling around then it maywell be very low. But I don't mind a little if it guarantees the mine built.
Shareitup, were you the 3 x 500k and 1.5m yesterday? It looked like a leak, but is it just you being a jammy $T$%$^"^...!
Yeah no growth opportunities here. Just 40-45mt resource to drill up, new licence areas especially Regisio (close enough) if we get it, double that. Oh only converting the Scoping to $400m+ on DFS. Being in the guaranteed buyers club of the EU battery alliance to name a few things. If you dare to dream that this news will provide only a few spikes and not easily put this company 500m+ on mine build and pumping out deficit spodumene to the desperate EU market in 2023 you are dillusional.... But we know you like a good trade and at your most negative when you want to buy some shares.... At least deramp like an adult that has some valid points.
Actually it was stated that it was felt that little to no equity raise would be needed for CAPEX! You need to learn to read RNS' then you won't be so disappointed.... Even since those last words the game has changed. SAV has moved to sort out MOZ value, no recent raise had baked in money for MOZ. A path to monitise it near term has opened up. We need cash to back up a position in taking new licences now becoming available. Taking advantage of our tie up with GALP and ability to produce high quality ESG EIAs. Leveraging this to enhance future value before opportunity falls to others on the verge of exploding demand in EU for raw material. Again previous raises not accounting for this. But it is progression and future value add. We have probably been asked to increase our resource by offtakes or EU as we are an important piece in their jigsaw, again not baked in. If someone builds a big refinery they want it supplied for as long as possible. Our hand has been twisted to up the anti in ESG methods, again not baked in. If you can't understand that these developments did not exist last year and any raise did not include them and confused by the words you read and didn't understand then you will be disappointed. He did not say no more dilution... Fact. What has been raised is for new and changing progression that will all either aid progression or increase long term value. Also being well heeled helps with negotiations.... See HZM recent raise for why you need cash to play at the big table.
dilution to oblivion? When you are raising fir dusters and empty plans yes but it is clear why and what money here is for. Tell me what money you would use for an Aussie IPO to get a free carry on MOZ whilst time and remaining money spent on Portugal!? After DFS it is mine decision, it is fairly low cost capex with a load of EU money available hence quote of limited raise....that will be the last raise for CAPEX for mine build. So can't see where one gets dilutedto oblivion from here. Then lithium slump 2018/19 and Covid...lucky we even exist at all. Look at the carnage in Australia, large chunks given up to Chinese, collapsed companies and mothballed mine....suppose raising through that was DAs fault too? Being bent over a barrel with a new requirement for an EIA not required at first, SAVs fault again. Lot of money needed for that and delays. It is far from perfect or ideal but one needsto look through the anger cloud and see things for what they are.
Definitely sympathise with LTH's who may not have had the best run, resource investing is v risky, and dilutions are a b***** - it's a shame the project got going in a period of relatively depressed Lithium prices in 2018/19 and then Covid hit in 2020.
My only offer of solace to you is that Savannah looks to be in the best position it's been in for a long time - it's actually now getting towards its goal of production and towards owning an operational Lithium mine, which is of course where the real money is made for a company when it receives cash for what it digs out of the ground. It seems to have a solid partnership lined up with a major offtake partner, Galp, hopefully to be confirmed shortly (as well as EU-level support), and is cashed up to validate the project to completion of its DFS in around 12 months, on top of more exploration etc, and a development decision, provided all approvals are granted by the Portuguese authorities.
I'm personally willing to hold to see what the prospects are in 12 months on publication of the DFS and genuine production is on the horizon in 2023 to supply a burgeoning EU EV battery market, most of which really starts to come online in 2023 with the completion of several gigafactories currently being built on the continent.
On a side note, i'd say that total number of shares are not the be all and end all as long as the underlying asset is solid and revenues and earnings are sizeable which is what the DFS should either confirm or deny - the risk is betting on when and at what price to enter to make a return to your satisfaction.
For example, GGP has c. 4 Billion shares and it hasn't done too badly given it will own 30%/25% of Havieron because the shareholders there know there is significant income coming their way within 3/4 years or a buyout. If the price of Lithium stays strong into 2023 and SAV keeps its place as one of Europe's first, if not THE FIRST, battery-grade Lithium producer within the EU then I suspect the share price will perform much better - the current market cap including the raising shares is c. 45% of 1 year's revenue according to the Scoping Study - I also hope in the meantime DA works on reaching as an broad investment base as possible and publicising what achievement the company is approaching.
Will pop in following any further announcements (either to share in being p****d off or joining in happily), but now looking to August and Q1 2022. Good luck to all - I hope we all make money here and SAV successfully execute the Mina do Barroso mine strategy.
Yep must confess to being pretty pi.... off. After the previous RNS and previous suggestions from DA of no further dilution I was one happy camper, but this really feels like a kick in the goolies at the moment. DA sits infront of a picture of VW EV every video cast yet hasn't taken any offtake money input? Why? Really feel PI's being screwed here. As a very LTH I keep advocating all the positives (of which there are many) but one can only be patient for so long. Taken huge 'paper' hit today despite selling large chunk the other day, which was just good luck as I needed funds. Just wish I totally sold out now, can make far more with less risk far quicker elsewhere. Those buying in now I am sure will do well, but after 5 years here now patients are wearing thin, will be sriously reviewing my position. Feeling very let down by board at present, I don't think they are looking out for their loyal LTH's. Bit like Super League..not sure they have got things right.
So sad to see LTI’s continuing to make excuses for every failed promise with assertions that the next RNS will be the big one. As I said just the other day (and got derided for it) DA will dilute SAV out of sight. The MC may become MUCH bigger but the SP is going nowhere. Some trading opportunities on potential future spikes here, but there’s no long term multibag to be had. If you’re not sitting on free shares or looking to trade on spikes, look elsewhere for growth. This isn’t even a Jam Tomorrow story anymore.