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I see we have a new tool on the board, literally
Interesting to see some much larger than usual trades going on in recent times? Doesn't seem to be pushing sp forward though. After Oman and Moz thought we were in safe hands moving in Portugal, little did I know!
The money spigot remains open for strategic investment in critical raw materials such as lithium - here the UAE will tap its sovereign wealth fund to invest in Australian projects
https://thewest.com.au/politics/federal-politics/australia-eyes-uaes-billions-for-critical-minerals-investments-in-trade-talks-c-13685295
Seems that Savannah and Keliber (Sibanye-Stillwater Keliber lithium project) are currently involved in EXCEED and LITHOS EU Horizon RDI projects. Metso is also involved in LITHOS and if I have understood correctly Keliber will implement Metso's technology for lithium refining. What if Savannah also?
https://exceed-horizon.eu/consortium/
https://lithos-horizon.eu/
1.65.....should be the downtrend low..imo
lets see
Sorry, mathematical dyslexia late at night.. as it would depend on the number of issued shares but I am sure it was over 5p
In the tweet that Savannah posted the other day, it mentioned an interview that he had done with a local to company. This is available on U Tube and is well worth a listen. You may need to fiddle around in the subtitle settings to get the language, but persevere.
It confirms many things on many levels.
https://youtu.be/iT9WHkS49rs?si=LZG9zDP5GfFBgSKE
Well over 3p. Over 6 if my single grey cell is right as they were set to put in £6.4mfor a10% stake..
As you say, SAV backed out of the deal later on, rightly at the time to my mind, but it has been a fraught few years and current times are hard, at least for the now. The current yawning gap that has developed, fora project that is now much further on than the original arrangement would hardly make it comparatively expensive than previously. No doubt we shall see.
I believe it was over 3p / share for 10% holding, in addition a 50% off take agreement to help funding. And then WE cancelled.....good call in my opinion.
Mick, won’t be cheap? Can you remind me of the price agreed with Galp a few years ago?
Even my wife would be able to park in that empty field.
EIT RawMaterials financed two projects, “EuGeLi” (geothermal
brine extraction) and “LiRef”.
Keliber, Savannah, Galp and Aurora are/we're all part of LiRef so may well see Savannah follow a similar route to Keliber
https://eitrawmaterials.eu/project/liref/
It is surely possible to produce lithium hydroxide/carbonate from spodumene concentrate in Europe profitably. Keliber's lithium mine, concentrator and lithium refinery for lithium hydroxide production are under construction in Finland. Because of the 600M€ investments needed, the company is currently owned by South-African Sibanye-Stillwater and Finnish government-based Finnish Minerals Group. Production will start in 2025. Savannah should probably make the same - refine lithium hydroxide with some big industrial partner like Galp/Aurora - not sell spodumene concentrate as such although that is profitable as well.
https://www.sibanyestillwater.com/fi/liiketoiminta/eurooppa/keliber/
Andytools, the less said about that ignorant statement the better. Do you not actually watch the news or look out a window?
Just goes to prove "global warming" is a tax-raising scam
How is it green to ship million of tons of EU extracted spodumene halfway across the world to China for processing? Where they reputedly still burn coal. How stupid are the current proposals for tackling global warming?
Https://x.com/savannahres/status/1759983830797299742?s=61&t=AJxxcVs_tbxqv1S84UYMow
Life goes on.
Community meetings and with the mayor.
Election all but 3 weeks away.
Can but hope that they can distill things. Everything cannot be a bone of contention.
Are getting desperate....you know where to come, and it wont be cheap....😁
https://www.linkedin.com/posts/manueldesousamartins_energytransition-batterytech-sustainabledevelopment-activity-7165683544734744579-64DY?utm_source=share&utm_medium=member_desktop
CVN, I am sure you are right. The MdB project is of strategic importance to both Europe and Portugal. Not sure that who owns the project is such a priority as ultimately they control the legislation and the raw material is safely in the ground. They are alright Jack.
Doesn’t mean that the project is without value whatever the current sp indicates.
The Barroso lithium project is of strategic importance to both Portugal and Europe
Interesting to see Russia extending its destabilisation operations into the Iberian Peninsula with the objective of promoting institutional conflict in European countries and economic damage. https://www.thetimes.co.uk/article/a3d12182-1181-465e-95b2-1489a0f3405e?shareToken=2409f63b4633a77ab2fbacb295df613a
There is growing concern about the threat from Russian influencer operations: https://www.euronews.com/my-europe/2024/02/01/allegation-that-latvian-mep-is-russian-spy-has-eu-leaders-on-the-alert-metsola
Could be run down for a cheap buy out?
good news on the gigafactory if EU will ever get its finger out of red tape
Haven’t seen these lows since March 2020. Almost unbelievable.
Someone knows something
What has prompted this slew of massive trades this morning?
Europe’s largest car manufacturers have borrowed €4.4bn to build three new battery factories in the EU as the block seeks to cut dependence on China.