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Momentum building here now,
EU day at PDAC is over. On to the next one in Stockholm with the Portuguese election over.
Many things aligning for SAV now
Back on riser board and back breaching 2p..
This has to start getting intrest now me thinks ?
W69....the current opinion polls would suggest the AD Alliance (PSD and CSD parties) are on track to be the largest party. So maybe a change from the Socialists.
I think you're right about the PSD view in 2022, but as we know from UK what is a view in opposition can often change when faced with real world. So as much as I agree there could be headwinds if a change of party in charge, it doesn't have to be all bad news. Could be easy for them to say the decision was taken by the previous administration and to late to change, not our fault blame the previous guy (think how labour have said they can't change the HS2 decision)
For Portugal they need investment and money from EU, with Li Mining be one area they can get this. So I think whoever wins will see the EU pushing for progress to be made ASAP.
If it's another headwind, well we're all use to these now, being a SAV shareholder does feel like being in an endless swimming pool at times.
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.