Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Oh there are many duller shares on AIM I can assure you, retired navy guy I assume? This “boat” has been stuck in the doldrums for a while but is now about 5 miles from port with a quay-load of rum and ladies of negotiable virtue awaiting us! Go comb your hair and brush your teeth!
Certainly bullish in tone but it completely ignores all the local hostilities and the rigours of environmental approval which as we know are the major hurdles to progress. Having pent up demand from EV manufacturers is great as is high lithium prices but if an Iberian wolf ****s his leg on your boundary fence then forget it!
New projects are gaining some momentum. -just reading that Lithium America’s Thacker Pass has been approved. All helps to turn the tide in favour of the industry.
I have always felt that AA were planning for our 30% to be the entry stake for their future partner of choice. Whether that’s an auction or an offer too good to refuse, it will provide the exit point for ARCM and payday for us!
I presume you mean “can’t” IB? Also I wonder what the other asset is that Proactive say we are focussed on? Surely they can’t mean Moz?
Otherwise todays RNS underlines the efforts SAV is going to for the environment and what a slap in the face it would be to get a negative answer from APA after all this compliance work?
In my younger days I recall I dropped a few off when they failed to turn into princesses.
If there are no wolves there at the moment it won’t be long before the “No” campaigners are leaving a trail of Chappie all the way to MdB?
Expect more protests…… https://www.portugalresident.com/national-group-gets-green-light-for-open-pit-underground-lithium-mine-in-montalegre/
Your question mark is well used as I’m certainly confused by the report. Seems to give a thumbs up to the mine and processing facilities but suggests that the latter might encroach on the territory of the Iberian wolf? Come back in 6 months with a solution, they say! Easier said than done I imagine?
Added a bit of volume myself this morning when the price dipped low!
I guess some people are looking at the same chart and viewing it as a buying opportunity given this morning’s rise?
IB, one of the most frustrating aspects of holding here as the years go by is the lack of any guidance on what, if anything, is happening on offtake or indeed what that might look like. DA used to tease us with posters of VWs on his zoom chats and things began to crystallise with the GALP agreement only to crumble again. Deals are being made all around us but it feels as if we are toxic until the approval timeline runs out. Is it unreasonable to expect suitors to form an orderly queue in anticipation of approval? Does this indicate that they have discounted our chances of success so low that there is no point in lining up? I certainly hope not, but in the absence of any positive news ( not even cash from Moz), the only sane thing to do seems to be to look elsewhere for better opportunities?
Todays news of the International Monetary Fund's warning that Britain's economy will go into reverse this year and will fare worse than all other advanced nations. may well be evidence of that? We will need to improve returns from where we deploy our capital and continued lack of progress on projects in the EU needs some attention from our government ministers responsible for overseas development. If Germany can send its leaders on the lithium trail we should follow suit. Andrew Mitchell needs to get on his bike and go rattle some cages!
I think this article pretty much sums it up for me. So much easier to strike a supply deal with a U.S. miner than convince the local residents to accept a mine in their back garden? SAV may become the model project that proves the doubters wrong if it’s given the chance but it faces headwinds.
“At a think tank held last year organised by Ghent University, Prof Dr Jonathan Hol****, a lecturer on international politics at the Free University Brussels warned that there is a huge gulf between China’s economic nationalism and determination to control the global raw materials supply chain and the EU’s lukewarm attitude to supporting its own raw materials industry.”
“But while EU governments largely accept the need for greater raw materials self sufficiency, within the European population at large there is substantial apathy, if not downright hostility, towards the metals resource industry. Serbia, the Czech Republic, Spain and Portugal host world class lithium deposits, but there is considerable opposition to their development.”
https://www.mining-technology.com/features/european-mining-rare-earths/
Great for them. The grants in Portugal seem to favour fishing if anything? https://ec.europa.eu/commission/presscorner/detail/en/ip_22_7718
Redevelopment at the Matsoshinos oil refinery is typically “woolly”. No lithium refinery mentioned.
I see Kodal is holding on to its 2x price gain after attracting major investment for its lithium project in Mali. Encouraging that there is still development funding around even if it comes from the Chinese.
I guess we go back to the previous position of mentally writing off what remains in Moz?
I’m flattered that my musings should result in such a comprehensive analysis. Well done that man!
You and me both! Couldn’t resist the dip!
For the community it appears to be “second time around” albeit some time ago. At least they inherited a museum, which as far as I can see, hasn’t been vandalised.