Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I entirely agree it is a double-edged sword and only time will tell whether it works for or against SAV,if either.
The non-EU difference seems especially significant. Everything I can find to read on the matter of EU sourcing seems to indicate that the politicians are becoming increasingly aware of the need for an internal European supply (despite that not being enough in itself to meet demand).
If Rio can't develop the Serbia mine, then they will be looking for Lithium assets elsewhere, if a license is granted to Savannah, then it would make an attractive target................IMHO
Serbia is not in the EU but Portugal is. I there is a huge geopolitical difference. I have the EU needs the lithium in its jurisdiction and will provide financial and political support and encouragement to portugal for it. It has no interest in Serbia.
Serbia kicking out Rio is a double-edged sword for us : on the one hand that is a competitor out of the way, but on the other hand it will embolden the anti's in Portugal - if Serbian protests can stop a lithium mine why can't it happen in Portugal too ?
Precious little to prattle on about at present as we are in that waiting room before news, yet again.
Thumb or even fat finger twiddling, interspersed with some off topic twaddling is a good way to pass the weeks of ennui.
It is my fat finger on a little keyboard
lol - the absence of a spellchecker/autocorrect on here has sent this conversation off the rails!
Could do with one about 40 years ago.
What is a hare transfer?
Sorry it should read - a number of sales hare transfers
Over the last few months a sales are in fact transfers.If you hold shares in a share account and for tax reasons transfer them into ISA account .
The process is that the share in your account are sold and bought back into the ISA
But this selling and buying is at a reduced selling /buying rate..hence both the selling and buying are booked as sales.
Look at 08.07 this morning 150,000 share sold followed by 150,000 share sold now look at the prices .This looks like 300,000 share sold but it's a transfer . Today I can see two set of transfers adding 500,000 share to the sell number.The are not people getting out ,they are transfering the shares to another account for tax mamagement
Thought that news might generate a small rise here. But mostly sells so far, some quite big.
Serbia revokes RT. Whilst still a few years off, that had been slated as a potential source of European lithium towards the back end of the decade.
RT’s focus at least so far, has swivelled to South America, paying quite a lot. They may yet look to capture European material and yet there are limited options and they presumably would not look to be stuck up a cul-de-sac a second time. This restricts their options still further.
The EU for all their protestations of self determination, must be starting to sweat.
Made me laugh
Why would it bad for SAV ? Serbia = nut job Balkan country, irrelevant.
Positive could be Rio know us well, JV with a view to acquiring new areas would light the touch paper under the SP ;-)
This story running on lse tonight. Not sure if this is good news or bad for sav.