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After a long, frustrating and patient slog I find myself meaningfully above water here again. I’ve said for a long time that I’d sell at that point, but I always expected that to be achieved on a brief spike following an RNS. Instead, this has actually made steady gains over a reasonable period on the back of no news. As there’s no real news expected for several months (offftake agreement? Not until EIA is approved imo), where’s this going next? Due a slow back track down to 3p ish, or more consolidation/steady progress in anticipation? And why?
Have a look at SAV in the lithium mining sector. Been in there 5 years on the back of a number of ‘jam tomorrow’ plays, but this year could finally deliver. Mining rights to N Europe’s biggest lithium fields in Portugal, becoming increasingly central to Europe’s EV supply chain, offtake announcement and various more partnerships expected imminently. It’s an AIM stock, so dyor but if you like a bit of fun/risk in your portfolio there’s potential for a multi-bagger.
Yes you would. Where did you see a pledge to pay 5p div next year...?
To be fair, negotiations have been talked about for a long time. As with so many other developments here, patience is wearing thin. Even an announcement to the effect that we expect to conclude negotiations once X or Y milestone has been reached would be useful. DA can’t just Indefinitely keep saying negotiations are going on.
And then the next 3 month process starts in January at the earliest. Not exactly on our way... An outcome on the much trumpeted negotiations around an off take is what we need, or at least an announcement about at which point in the process an agreement will be made.
There has been news due in the next six months that’ll put rocket boosters under the SP for at least 5 years now...
Finland is being kept in reserve until the lack of any share price enhancing news from Portugal finally causes everyone to lose patience in the BOD. Then it’ll be rolled out with a breathless jam tomorrow timetable of promises. Rinse and repeat - it’s the SAV way.
Absolutely reeling at today’s contemptible update. It’s an insulting mix of a Soviet propaganda piece that glides over the failings with a positive spin, and a children’s story book.
I’d be embarrassed to put my name to that. From the lame “the dog ate my homework” story in Moz to the audacity of reporting delight at giving away a valuable copper asset.
This truly is is a stinking update. Shameful.
... on the back of rumours rather than news is only the trader’s friend.
If the next RNS doesn’t include an impressive off take agreement the price will be back below 2p before the market opens and DA will have lost every last shred of credibility.
Buy on the news
Osaka - define overdue?
Take what you want from the following statement in the RNS of June 2017:
“We are now focused on making the Scoping Study forecasts a reality, with first production targeted for 2020. In support of this, Stage One of the Preliminary Feasibility Study (‘PFS’) commenced post-period end, in August 2017”
Production targeted for 2020, but we still haven’t got the PFS done. That counts as overdue in my book.
Does anyone else get that sinking feeling that this news is teeing up the next ‘jam tomorrow’ story in advance of bad news coming out of Portugal in the delayed annual report?
Or is it a genuine attempt to actually try to fulfil at least one promise? How long overdue is the Moz PFS? 2 years? 3 years?
Stewartdestael: I’m calling out your BS there. You must think we’re stupid.
A cure or a vaccine won’t cause a rebound in bank shares like it would for other sectors. This will keep falling in line with the risk of negative interest rates happening. I see Lloyd’s as a hedge against inflating our way out of debt.
Anyone else been here long enough to wonder how you went from having shares in a company that was going to be a mid-tier copper producer, to having shares in a company that actually reduced shareholder value through giving its copper mine away? With Li demand set to soar, will it cost us even more in shareholder value to give our Li asset away? I suspect we’ll end up selling the Li asset before production, one way or another, with little shareholders making Zilch while insti’s see a very quick, very big ROI. Any spike to more than 4.3p and I’m out, left to rue parking some cash here for 5 years and buggeri ng about trying to make something through trading when it went to 15p
CM, he just lifted 10% off us all, and you think he’d be surprised that we don’t think he’s done us a favour? Jeez, there’s a positive outlook on things and then there’s just plain delusional.
So even while DA was making that statement he was in the process of preparing to pick our pockets again. When material information needs communicating to shareholders it should be done through an RNS, not hidden in slippery language in a puff piece.
As I said a week ago, I’ll never believe another word that Archer says. No recognition of previous assurances, no apologies, no explanations, just “Give us your money.”
Why is no surprise that SAV puts out an RNS and you can’t even tell if they’re borrowing money or having money given to them...