The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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This is my biggest shareholding. Definitely one to tuck away for the long term.
Just bought in a a small amount as came across by accident listening to https://www.youtube.com/watch?v=hwxocmNJACk on Avacta . Sounds very good
This is well worth listening to. Questions from some really clued up people.
Was about to put a chunk in my SIPP BUT it's not on the Fidelity International platform! Crazy.
Listen to "Sapan Ghai, CCO of Sovereign Metals, explains to investors why Rio Tinto has taken a 15% stake" by focusIR. Play the podcast here - https://open.spotify.com/episode/6jMSP58e890gEC44CXXZGh?si=94d59f70dc334ce4
@hbomb - thanks for correcting me on the 180 days vs 18 months (I knew there was a 1 and an 8 in there, lol)
I pretty much expect Rio to make a bid for the entire project, but they'll wait until they've got definitive numbers from the DFS - hence I was trying to ascertain when that would be finalised and then we're into the 180 DAYS (haha) coutdown period.
Sorry was a rather rushed reply on my part, as I forgot to mention the graphite test work still to come.
Rio have 180 days (not 18 months) from DFS coming out to assume an operatorship position - ie make a decision.
By mid July 2024 they can opt to move up to 19.99% for another AU$18m (£10m) investment, I'm assuming when that money comes in Rio will be happy with what they see with progress being made on DFS.
Rio balance sheet will massively help in terms of bringing Kasiya into commercial production.
If the DFS is out by year end 2024, then presumably Rio pull the trigger before June 2025.
Thanks Hbomb.
I remember looking at this thinking okay RIO have 18 months to exercise the operator option after DFS, but then thinking well I'm not expecting DFS until the end of 2024 - but I can't find the evidence for that thought.
Obvs it's totally undervalued right now, but then what ain't, its just a matter of how much time Rio have before they actually bid to take the whole asset - so right now I'm thinking they have about 2.5 year (???).
I think we see a revised PFS come out before then with input from Rio's technical team.
Rio have put their marker down should make for a very exciting 2024 for SVML holders.
Morning guys - am I correct in thinking we're not expecting to see DFS until end of 2024?
Have to wait to see what this means in practice. I think they'll issue permits to everyone and continue exports but will hold the withdrawal/exports over heads of importers - warning if you sanction/try to hurt us we'll push back. Its what happened to Japan a decade ago when China banned rare earth exports to the nation.
Most of Chinas graphite is exported. They absolutely do not have the capacity to absorb it all. They have massive stocks and over supply at present, hence why the graphite price this H2 is low.
Another one fred
https://www.proactiveinvestors.co.uk/companies/news/1030162/sovereign-metals-presents-at-the-proactive-one2one-investor-forum-october-12th-1030162.html
Not sure why we were over 4% down on that RNS and interview? Unless I’m missing something!
Rio Tinto CEO Jakob Stausholm said on Tuesday the global miner is focused on small, bolt-on acquisitions to shape its portfolio and is looking at a number of potential lithium acquisitions but added the sector remains quite hot.
The boss of the world’s biggest iron ore producer has said that he wants Rio Tinto to focus on being the world’s best operator rather than conducting huge buyouts that would change the nature of the company and divert the focus of the group.
“I don’t think we need a big acquisition right now,” Stausholm said at an event in Melbourne.
“What we are trying to do is a bit of smaller portfolio acquisitions ... that shapes the portfolio.”
The Australian miner has already announced several small partnerships and deals this year, including the purchase of a 57.74% stake in the Agua de la Falda copper project in Chile on Monday.
Earlier in July, Rio Tinto agreed to buy a 15% stake in Australia’s Sovereign Metals for A$40.4 million ($27.04 million) to help develop a rutile and graphite project in Malawi.
Rio was looking at a number of possible lithium interests, Stausholm said, but the market for energy transition metals like copper and lithium was “pretty hot”
https://www.reuters.com/article/australia-mining-riotinto/update-1-rio-tinto-focused-on-small-bolt-on-acquisitions-ceo-idUSL1N39I06M
Great update.
Looking forward to getting this PFS in the next couple of months, which will surely give us an increase in interest and by association share price.
Like everything in current markets it goes down after good news.
Glad to see this news today growing nicely without the normal pump and dump
Woow excellent news, rio tinto strategic partner with new shares issued at a 10% premium to market, great.
I see SVML was not included in this bang for buck graphite chart. Maybe someone could add the details into the comments?
https://twitter.com/_H00PZ_/status/1669156053702041600?t=vpDWdlsVBGK_pgZQeG4iFQ&s=19
https://twitter.com/Brand_UK/status/1651841988252127236?s=20