Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Muldoon, well certainly a few of us in the same boat. Hopefully we can all buy yachts or electric cars soon. With MK options we are nearly at 1.3billion shares. I hope we don't get a share consolidation as these always seem to cause a downward correction in thinly traded market.
I do agree that an offtake agreement for our Li will be transformational and is not built into the SP but we need the resource fully defined via a PFS before we can strike the best deal. This year is likely to be very significant on that front but I am happy to wait another 2-3 years to achieve most of our potential. I hope you guys with doubts will still be around to celebrate but that’s really a matter for you. Matthew King is well placed to make a judgment of whether an investment of £40k at 2.7p will make him money so I’m taking his confidence as a hint of what’s to come.
3 - 5 years ago the Major car players were still thinking that ICE would still be number one in 2040 and beyond.
Do you really believe that? Maybe 5 -10 years ago but certainly not 3 - 5. Or are you saying the the motor industry has no innovation? Or doesn't look to the future? Horizon scanning 20 years ago would have told you that EVs were the future (albeit a pipe dream).
Maybe you're right about holding off on offtake agreements, and the company keeps mentioning VW, but how long do we have to wait?
3 - 5 years ago the Major car players were still thinking that ICE would still be number one in 2040 and beyond.
NOT having an off-take agreement in place at this stage might be a better position to be in, having a customer in place is one thing, having the RIGHT customer and one that will actually sell the EVs is another. Let's see who will be winning the EV sales war? Will it be VW/BMW/Ford (a late entry)/Tesla (market leader at present)/Renault??
Oh CM - thought you were meant to blend in with whatever background you saw? I just feel that all the major EV players will have had their supply lines sewn up 3 - 5 years ago and we are too late to the party. All the new EVs being released now (Ford Mustang was the latest on my email inbox) means that all the manufacturers are already in test/production so where is their Lithium coming from? My "riches" went out the window when I didn't sell BPC at 7p incidentally in 2018 when I had the chance so am asking questions about my other AIM investments - some internal questions but some external and for me, they haven't made the progress they needed to, particularly given the spike to 16p. I've stopped buying now (have from 2p to 9p) and am comfortable with what I've got but no more.
The RNS should be good news. Even if MK has exercised because of looming exercise date, it’s £40k that he’s put in. Will be interesting to look back at the original award of options to all the BOD - if any have let options go w/o exercising them, that would be -ve. I suspect there’ll be more exercise dates due, if that was the case here.
RNS - good news me thinks?
There were lots of well argued SP predictions of c20p on the back of Oman alone so disappointment is a fair response. And what was the original target date for mining to start - end of 2016? Naive is by far the most charitable thing that can be said about that.
While I sympathise with your frustration of not making immediate riches, I can’t agree with your comments. I see no evidence of SAV being behind the curve, by which I assume you mean too late into production? I think there is just as much chance that production will coincide with a general Li supply deficit from all I read as EV take up is a bit slow? As the primary European supplier I see no difficulties in obtaining funding.
Moz and Oman have been waiting for licence issue so not a conscious choice to set aside. We currently own just 20% of Moz, Rio Tinto the majority share so I can’t see any lack of resource here. When Rio want the mineral sands it will be full steam ahead. Oman is almost too small to worry about either way but has some sales value. SAV has concentrated on Portugal and rightly so in my opinion!
Yes salve. I’ve been in too long as well and should have sold 50% on the spike at near 16p. I’m settling now for selling 25% at 6p which breaks even just. Such a shame but I think they are massively behind the curve on EV and that’s where they were hanging their hats. Moz and Oman were left in the corner and we have suffered as a result. Taken on too much with too little resource. Big mistake
Salvegrumio - likewise. This share has been a big disappointment to me and I have held on to it for far too long. I did what I thought was the right thing and believed in the fundamentals but not much belief left anymore I'm afraid.
Long may it continue and with massive volume. Want to get out of this in 2020 with a profit that reflects too many years holding! A spike to 15p will do.
Nice little mention of SAV about two mins in as they discuss Lithium in 2020
https://youtu.be/V9sDIoD3IHg
Get the feeling the heavy artillery are being positioned in readiness now for some sort of kick off.
Again nice to see the sustained buying and price rise today - clearly folks can see there is plenty of upside here in 2020.
My understanding was that DA said no more cash calls to develop Portugal. Bur what about Moz ? Personally I would prefer that to be developed asap as I foresee possible delays in Portugal due to environmentalist pressures
Jonners123 - no more calls on share holders - DA was clear on this in the latest Annual report. He is now expecting a JV with someone (big!) for Portugal.
Mina Do Barroso Project:
"JORC Resources increased from 3Mt to 20Mt."
"June 18 Scoping Study underway, demonstrated robust economics for surface mine and spodumene concentrator operation.
Feasibility Study to be completed by 2019 with a production targeted for 2020."
(SAV 2019)
Reasonably good progress I would have thought.
I agree with the avoidence of temptation to dilute further and hope this dos not happen.
For larger purchases ( if available ) it would possibly appeal to high investors as the returns would be worthwhile due to the volume purchased.
Hopefully soon. Just waiting for another dilution first.
Let's hope so !
Over the past years I have enjoyed the playful banter regarding SAV. My infantile knowledge of investments does not allow me to be contribute. However, I do like to feel that I have reasonably sound understanding of Structure and Process. Not withstanding that S&P is generally offering guidance to organisations. The SOP model described by Glassop (2007), opens up a way of looking at anything by considering
1) what the thing is composed of
2)how the thing is composed,
3)that a whole thing is an organised structure. What we are seeing with this description is that real things are multi-faceted and that each level needs to be considered separately and together.
Thus, I have concluded that Archer is following this process to ensure that there is clear understanding of what the mine is, in terms of safety, quality, cost of production, cost of distribution, identification of a market, understanding the local issues that may cause the project to fail, cost of implementing local planning laws, licences required etc. He appears to have ticked off the relevant issues to his satisfaction and as I understand it, is questioning the results of this part of project to close it off. Thus, ensuring nothing material to the project has been missed. Now this crucial phase is coming to an end, I feel sure concentration will turn to diving forward with the process of extraction.
For me, I am quite happy with his performance so far. But, I did start by saying a am a babe at sea when it comes to investments. Merry Christmas to all and may we look forward to a prosperous New Year.
Didn’t get your sub-2p entry price? Must be dull if you’re not invested?
More jam tomorrow. Yawn!
Nice to see some money flowing in! SP is back to where we were 1 month ago! One more Moz licence to be issued any day now then a PFS completion to add 75% to our ownership share of Mutamba! 4.4bn tones at 3.9%! Offtake agreement in place with Rio Tinto and mineral sands prices rising. What’s not to like?